Magellan Financial Group Ltd · ASX:MFG
Magellan Financial — Shareholder Meeting (October 2012)
16 slides from Magellan Financial's shareholder meeting presentation, Oct 26, 2012
Slide 1: Clarification - AGM Presentation Materials
For personal use only 26 October 2012 ASX Market Announcements Australian Securities Exchange Limited Level 4, Exchange Centre 20 Bridge Street, Sydney NSW 2000 Dear Sir/Madam, 2012 ANNUAL GENERAL MEETING CLARIFICATION - AGM PRESENTATION MATERIALS Magellan Financial Group Limited (‘Company’) hereby
Slide 2: Magellan Financial Group Limited Annual General Meeting
For personal use only Magellan Financial Group Limited Annual General Meeting Hamish Douglass Chief Executive Officer Friday, 26 October 2012
Slide 3: Important Information
Important Information For personal use only This presentation has been prepared by Magellan Financial Group Limited (‘MFG’). While the information in this presentation has been prepared in good faith and with reasonable care, no representation or warranty, express or implied, is made as to the accur
Slide 4: Magellan Financial Group Limited Overview
Magellan Financial Group Limited Overview For personal use only • Sydney based investment boutique established in 2006, specialising in the management of global equity and infrastructure strategies. • $4.8 billion in funds under management as at 23 October 2012. • 19 Investment Professionals and 50
Slide 5: Results Summary
Results Summary For personal use only 30 June 30 June % $ million 2011 2012 Change Revenue 18.3 35.8 96% Total operating 10.2 16.7 64% expenses Net profit after tax 5.8 13.7 136% Key Statistics 30 June 30 June % 2011 2012 Change Earnings per share1 3.7c 8.5c 130% Dividend per share 1.5c 4.5c 200% NT
Slide 6: MFG Capital Structure
MFG Capital Structure For personal use only 30 June 2012 million Ordinary Shares 152.558 2016 Options1 7.882 Class B Shares2 9.154 Total potential issued capital 169.594 1 MFG 2016 options have an exercise price of $3.00 and expire on 30 June 2016. 2 Class B shares are held by H.M. Douglass and will
Slide 7: Funds Management Business
Funds Management Business For personal use only $ million 30 June 2011 30 June 2012 % change Revenue Management fees 13.6 31.0 128% Consulting fees* 1.3 1.2 -4% Interest/other income 0.3 0.5 29% 15.2 32.7 115% Expenses Employee expense 7.0 11.4 63% Other expense 2.8 5.0 75% 9.8 16.4 67% Profit befor
Slide 8: Employee Summary
Employee Summary For personal use only 30 June 2010 30 June 2011 30 June 2012 23 Oct 2012 Investment - Professional 10 12 14 19 - Administration 1 1 2 2 11 13 16 21 Distribution - Professional 5 10 12 12 - Administration 1 1 1 1 6 11 13 13 Business Support - Professional 6 6 13 13 - Administration 1
Slide 9: Funds Under Management Summary
Funds Under Management Summary 30 June 2010 30 June 2011 30 June 2012 23 Oct 2012 For personal use only $ million Retail 610.7 1,081.9 1,749.6 2,320.5 Institutional - Active 197.6 178.3 786.9 994.6 - Enhanced beta 338.7 1,496.1 1,469.2 1,467.1 536.3 1,674.4 2,256.1 2,461.7 Total FUM 1,147.0 2,756.3
Slide 10: Retail Business
Retail Business For personal use only • As at 23 October 2012 Total Retail FUM $2.3 billion. • Total Net Retail Inflows for the 12 months to 30 June was $672.8 million. • Magellan Global Fund – Key representation • Platforms: BT Wrap, Macquarie Wrap, Colonial First State First Choice, Colonial First
Slide 11: Retail Business (continued) - Investment Performance
Retail Business (continued) For personal use only Investment Performance as at 30 September 2012 3 Years 5 Years 5 Years 1 Year p.a. p.a. cumul. Magellan Global Fund 21.9% 11.1% 5.6% 31.4% MSCI World NTR Index ($A) 13.6% 1.7% -5.3% -23.6% Excess 8.3% 9.4% 10.9% 55.1% Magellan Infrastructure Fund 17.
Slide 12: Retail Business (continued) - Peer Comparison
Retail Business (continued) For personal use only Peer Comparison as at 30 September 2012 1 Year 3 Years p.a. 5 Years p.a. MSCI World Net TR ($A) 13.6% 1.8% -5.3% Platinum International Brands 9.7% 10.1% 6.2% Magellan Global 21.9% 11.1% 5.6% IFP Global Franchise Fund 15.2% 10.7% 3.4% Platinum Intern
Slide 13: Magellan Global Fund – Monthly Net Inflows and FUM
Retail Business (continued) For personal use only Magellan Global Fund – Monthly Net Inflows and FUM 140 2,000 130 Average monthly net inflows for last 12 months is $74.6m 1,800 120 Average monthly net inflows for last 3 months is $115.5m 110 1,600 100 1,400 90 1,200 80 70 1,000 60 800 50 40 600 30
Slide 14: Institutional Business
Institutional Business For personal use only • As at 23 October total institutional FUM $ 2.5 billion. • Institutional gross inflows of $417.6 million and net inflows of $170.4 million for the 12 months to 30 June 2012. • Australian business is strong with a growing number of Institutional clients a
Slide 15: Investment Assets
Investment Assets For personal use only Summary of Magellan’s investment assets at 30 June 2012 Investment $ million Cash 1.1 Fixed Term Deposits 30.6 MFF Shares 42.2 Magellan Unlisted Funds 52.6 Listed shares 9.1 Other 3.7 Total 139.3 14
Slide 16: Magellan Financial Group Limited 2012 Annual General Meeting
For personal use only Magellan Financial Group Limited 2012 Annual General Meeting
Magellan Financial Group — Shareholder Meeting (October 2012) on 6ix