GQG Partners US Quality Value Fund Investor Shares · NASDAQ:GQHPX
GQG Partners US Quality Value Fund Investor Shares — GQG Partners — H1 2023 Earnings Presentation
28 slides from GQG Partners US Quality Value Fund Investor Shares's earnings presentation, August 2023
Slide 1: Half Year Results
Half Year Results GQG Partners | The Art of Investing For the half year ended 30 June 2023 RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Global Distribution AS AT 30 JUNE 2O23 2023
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS For the Half Year Ended 30 June 2023 Funds Under Management Call Agenda — Net flows of US$6.2 billion — Business Overview — Funds Under Management of US$104.1 billion, an increase of 20.1% — Tim Carver, CEO from 2022 half year results Net Revenue — Half Year Financial Results —
Slide 3: Business Overview: 2023 Half Year Highlights
BUSINESS OVERVIEW Highlights 2023 Half Year Highlights (As at or for the half year ended 30 June 2023, unless otherwise specified) Performance — All strategies have outperformed their respective benchmarks on a 5-year basis — Top quartile 5-year alpha and Sharpe ratio for the four primary strategies
Slide 4: Strategy Level Performance as at June 2023
BUSINESS OVERVIEW Strategy Level Performance as at 30 June 2023 Global Equity International Equity 15 20 12.38 12.72 16.53 Total Return % Total Return % 15 10 8.14 8.56 8.99 10.40 10.99 10.84 11.53 7.22 10 8.73 8.10 7.79 5 3.52 3.85 5 0 0 1 year 3 year 5 years ITD 1-Oct-14 1 year 3 year 5 years ITD
Slide 5: Operational Value Add
BUSINESS OVERVIEW Operational Value Add Estimated YTD (30 June 2023) Impact of Investment Returns and Net Flows on Ending FUM (US$ Billions) Year to Date Impacts on GQG Partners FUM1 Starting FUM (31-December-22) $88.0bn $6.5 $6.2 Net Flows +$6.2bn Capital Appreciation +$9.9bn - Appreciation from Ma
Slide 6: Half Year Financial Results
Half Year Financial Results MELODIE ZAKALUK Chief Financial Officer AS AT 30 JUNE 2O23 6
Slide 7: Financial Results: Half Year Actual Results 2023 vs 2022
FINANCIAL RESULTS Half Year Actual Results of 2023 vs. 2022 (Dollars in US$ millions, except per share data) HY23 HY22 HY23 HY22 Closing FUM† (US$ billions) 104.1 86.7 Distributable earnings (US$ millions) 136.6 133.3 Average FUM† (US$ billions) 95.2 91.0 Dividends paid (US$ millions)* 114.3 107.2 N
Slide 8: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations Consolidated Statements of Operations Commentary Half Year Comparison — Net revenue was $237.1 million, up 6.5% compared to the half year ended 30 June 2022. For the six months ended 30 June 2023 and 2022 The increase is primarily driven by gro
Slide 9: Consolidated Statement of Financial Condition
FINANCIAL RESULTS Consolidated Statement of Financial Condition Consolidated Statement of Financial Condition Commentary as at 30 June 2023 and 31 December 2022 — GQG continues to have a strong balance sheet, with total assets at 30 June 2023 of US$M 30-June-23 31-Dec-22 $374.9 million of which $129
Slide 10: Consolidated Statements of Cash Flows
FINANCIAL RESULTS Consolidated Statements of Cash Flows Consolidated Statement of Cash Flows Commentary for the Six Months Ended 30 June 2023 and 2022 — The primary use of GQG’s cash continues to be working capital and distributions/dividends. Dividends are determined based on distributable earnings
Slide 11: Business Update
Business Update TIM CARVER STEVE FORD Chief Executive Officer Managing Director, Global Distribution AS AT 30 JUNE 2O23 11
Slide 12: Portfolio & Performance Review
Portfolio & Performance Review AS AT 30 JUNE 2O23 12
Slide 13: Risk-Adjusted Performance: Leading Indicator
PERFORMANCE OVERVIEW Risk-Adjusted Performance: Leading Indicator 40 20 40 20 GQG Partners GQG Partners Global Equity 20 10 International Equity 20 10 0 0 0 0 1-YEAR ITD (1-OCT-14) 1-YEAR ITD (1-DEC-14) AS AT 30 JUNE 2023 AS AT 30 JUNE 2023 RETURN RANK RETURN RANK RETURN RANK RETURN RANK ● Composite
Slide 14: Compounding Capital with Quality
PERFORMANCE OVERVIEW Compounding Capital with Quality GQG Partners Global Equity Investment Growth Since Inception 250% 3Q15 4Q18 1Q20 1Q22 – 3Q22 Energy China COVID Russia and Rates 200% 160% (11.52% CAGR) 150% 93% 100% (7.79% CAGR) 50% 0% GQG -3.6% GQG -8.0% GQG -14.0% GQG -15.5% -50% Index -9.4%
Slide 15: Rolling Performance as at June 2023
PERFORMANCE OVERVIEW Rolling Performance as at 30 June 2023 Global Rolling 5-Year Return (net of fees) International Rolling 5-Year Return (net of fees) 20 20 GQG Partners International Equity 5-Year Total Return % 5-Year Total Return % GQG Partners Global Equity 15 15 - Average 5-Year excess return
Slide 16: Risk-Adjusted Performance
PERFORMANCE OVERVIEW Risk-Adjusted Performance Global Equity Risk-Return % International Equity Risk-Return % GQG inception (1 June 2016) to 30 June 2023 GQG inception (1 June 2016) to 30 June 2023 15 14 GQG Partners 12 12 Global Equity Returns Returns 10 GQG Partners 9 MSCI ACWI Index 8 Internation
Slide 17: All-Weather Alpha
PERFORMANCE OVERVIEW All-Weather Alpha GQG Partners Global Equity Rolling 5-Year Outperformance and Volatility GQG outperformed the benchmark and peer universe, with less volatility, 46 of 46 times (100%). 1.3 9 1.2 6 1.1 3 1.0 Alpha % Beta 0 0.9 -3 0.8 -6 0.7 0.6 -9 2020 2021 2022 2023 2020 2021 20
Slide 18: Distribution Update
Distribution Update AS AT 30 JUNE 2O23 18
Slide 19: Funds Under Management by Channel and Region
DISTRIBUTION OVERVIEW Funds Under Management† FUM by Channel & Region FUM by Strategy (US $ Billions) 39.3 (US $ Billions) 8.2 37.5 12.1 28.8 27.7 45.2 8.3 83.8 21.4 Institutional Wholesale Sub-Advisory Americas EMEA Asia Pacific International Global Emerging Markets US Equity YTD Net Flows by Regio
Slide 20: Rollforward of FUM and Net Flows
DISTRIBUTION OVERVIEW Funds Under Management† Rollforward of FUM (US$ Billions) Anticipated Drivers of Fund Flows — Continued market share growth for wholesale channel globally BY YEAR 2019 2020 2021 2022 2023 1H — Growth in US retail SMA with expansion in AUS Beginning FUM 17.6 30.7 67 91.2 88.0 —
Slide 21: US Wholesale Distribution
DISTRIBUTION OVERVIEW US Wholesale Distribution National Accounts Top Mutual Fund Families by Net Sales in 2023 $0 $2 $4 $6 $8 $10 $12 $14 — 27 platforms currently offer GQG mutual funds — 16 EM recommended lists and 9 model placements JP Morgan - $403.1B — 3 global recommended lists Bridge Builder
Slide 22: Morningstar Ratings
DISTRIBUTION OVERVIEW Morningstar Ratings GQG Partners Open End Fund Ratings as at 30 June 2023 MUTUAL FUNDS - MORNINGSTAR MORNINGSTAR RATING MORNINGSTAR RANK % MORNINGSTAR MEDAL GQG Partners Global Quality Equity Fund ★★★★ 11 Gold GQG Partners Emerging Markets Equity Fund ★★★★★ 3 Gold GQG Partners
Slide 23: eVestment Views: Leading Indicator
DISTRIBUTION OVERVIEW eVestment Views: Leading Indicator EVESTMENT VIEW COUNT AND DISTRIBUTION GQG PARTNERS GQG PARTNERS GQG PARTNERS GQG PARTNERS SCORE GLOBAL EQUITY INTERNATIONAL EQUITY EM EQUITY US EQUITY eVestment 1-Year View Count 2,416 1,305 1,528 1,158 eVestment 1-Year View Peer Rank 1% (1 of
Slide 24: Investment Environment
Investment Environment RAJIV JAIN Chairman & Chief Investment Officer AS AT 30 JUNE 2O23 24
Slide 25: Conclusion
CONCLUSION We are passionate about investing We will always endeavour to grow, learn, adapt, and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility through many market cycle
Slide 26: Question Time: Management Team
QUESTION TIME Management Team RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD Chairman & Chief Executive Officer Chief Financial Officer Managing Director, Chief Investment Officer Global Distribution AS AT 30 JUNE 2O23 26
Slide 27: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or alloc
Slide 28: Important Information: Index Definitions
IMPORTANT INFORMATION MSCI All Country World (Net) Index (MSCI ACWI) The MSCI All Country World (Net) Index (MSCI ACWI) captures large and mid-cap representation across 23 developed and 24 emerging markets countries. Developed countries Australia, Austria, Belgium, Canada, Denmark, Finland, France,