Guardian Directed Equity Path Portfolio (GGEP.F) · TSX:GGEP.F
Guardian Directed Equity Path Portfolio (GGEP.F) — Guardian Capital Group — Shareholder Meeting (May 2022)
22 slides from Guardian Directed Equity Path Portfolio (GGEP.F)'s shareholder meeting presentation, May 13, 2022
Slide 1: Guardian Capital Group Limited Annual Meeting of Shareholders
Guardian Capital Group Limited ANNUAL MEETING OF SHAREHOLDERS George Mavroudis | President and Chief Executive Officer May 13, 2022
Slide 2: Forward-Looking Information
Forward-Looking Information Certain information included in this presentation constitutes forward-looking information within the meaning of applicable Canadian securities laws. All information other than statements of historical fact may be forward-looking information. Forward-looking information is
Slide 3: A Reputation Earned over Six Decades
A Reputation Earned over Six Decades ● 2022 marks Guardian’s 60th year in business. Our demonstrated track record over that time includes clients and partners who share our core values of trustworthiness, integrity and stability and have been with us for decades. ● We’ve introduced Enriching Lives T
Slide 4: Guardian's Businesses
Guardian’s Businesses March 31, 2022 GUARDIAN CAPITAL GROUP Total Client Assets ● Management expertise, financing, coordination $83.6 Billion of business activities and support ● Shareholders’ equity: $828 million (Q1 2021 – $737M) Assets Under Management $53.1 billion ● Securities holdings: $741 mi
Slide 5: Guardian's Fee-Generating Assets
Guardian’s Fee-Generating Assets Assets Under Management Assets Under Administration As at period end ($ billions) As at period end ($ billions) $56.3 $53.1 $31.5 $30.5 $46.0 $20.2 $22.3 $31.1 $17.8 $17.4 $27.3 $27.0 2017 2018 2019 2020 2021 Q1 2022 2017 2018 2019 2020 2021 Q1 2022 5
Slide 6: Financial Results by Business
Financial Results by Business Net Revenue by Business Operating Earnings by Business EBITDA by Business ($ millions) ($ millions) ($ millions) $15.4 $3.7 $8.4 5% 5% 8% $30.0 $119.6 42% $285.1 $150.1 53% 37% $81.8 $43.1 $107.6 $56.1 52% $48.0 40% 58% Investment Management Wealth Management Corporate
Slide 7: 2021 Financial Statement Highlights
2021 Financial Statement Highlights ($ millions, except per share amounts) 2021 2020 % Increase / Decrease Net revenues $ 285.1 $ 215.8 30% Operating earnings $ 81.8 $ 54.8 49% EBITDA¹ $ 107.6 $ 77.7 38% AUM $ 56,341 $ 45,984 23% AUA $ 31,508 $ 22,289 41% Shareholders’ equity, per share¹ $ 31.53 $ 2
Slide 8: Q1 2022 Financial Statement Highlights
Q1 2022 Financial Statement Highlights ($ millions, except per share amounts) 2022 2021 % Increase / Decrease Net revenues $ 75.1 $ 64.7 16% Operating earnings $ 19.4 $ 17.5 11% EBITDA¹ $ 23.9 $ 21.2 13% AUM $ 53,124 $ 47,945 11% AUA $ 30,525 $ 28,376 8% Shareholders’ equity, per share¹ $ 31.27 $ 27
Slide 9: Financial Highlights
Financial Highlights Net Revenue Operating Earnings For the periods shown ($ millions) For the periods shown ($ millions) $285.1 $81.8 $215.8 $186.1 $171.5 $54.8 $151.2 $48.2 $48.9 $46.3 $49.9 $64.7 $75.1 $17.5 $19.4 $38.6 $41.5 $44.3 $12.5 $11.2 $10.8 $10.5 2017 2018 2019 2020 2021 Q1 2022 2017 201
Slide 10: Return to Shareholders: Dividends and Share Buybacks
Return to Shareholders: Dividends and Share Buybacks Total Annual Dividends paid and Quarterly Dividend rate per Share A Decade of Share Buybacks For the periods shown ($ millions) Shares Average Price Total Cost (in 000’s) (in $’s) (in $000’s) Outstanding at 33,843* January 1, 2012 $18.5 2012 - 201
Slide 11: Managing Our Investment Portfolio
Managing Our Investment Portfolio Guardian Capital’s Security Portfolio (in $ millions) 2021 ● Guardian’s security portfolio has more than doubled $751.9M in value from over the past decade. ● Portfolio makeup has shifted, with the divestment of 2.7 million shares of Bank of Montreal in that time. $
Slide 12: Investment Management
Investment Management $150.1M $48.0M $56.1M in Revenue1 in Operating Earnings1 in EBITDA1 $18.5 billion in AUM2 $16.4 billion in AUM2 $4.4 billion in AUM2 $9.4 billion in AUM2 Canadian Equities, Global Equities, Real Estate Global Equities, US Equities US Fixed Income Canadian Fixed Income, Balanced
Slide 13: Institutional Investment Solutions
Institutional Investment Solutions GCLP Canadian Fixed Income | $6.7B AUM FIXED INCOME Agincourt US Fixed Income | $9.4B AUM $16.1 B AUM 18.2% of revenue CANADIAN GCLP Canadian Equities | $7.9B AUM EQUITIES $7.9 B AUM 10.4% INSTITUTIONAL of revenue GLOBAL AUM Alta US Equities | $4.4B AUM EQUITIES $2
Slide 14: Distribution Channels of our Assets Under Management
Distribution Channels of our Assets Under Management INSTITUTIONAL 55% $29.4 billion | 43.5% of revenue SUB-ADVISORY $53.1B RETAIL $6.7 billion 13.7% of revenue AUM 37% SMA, UMA, Mutual Funds and ETFs $12.6 billion 29.7% of revenue Private Wealth 8% $4.4 billion | 13.1% of revenue As at March 31, 20
Slide 15: Institutional AUM and Revenue: By Geography
Institutional AUM and Revenue: By Geography Institutional AUM by Client Geography Institutional Revenue by Client Geography March 31, 2022 March 31, 2022 $10.2B (21.0%) $12.9M (32.5%) $17.8M $23.0B (44.8%) (47.2%) $15.5B (31.9%) $9.1M (22.8%) Canadian Clients U.S. Clients International Clients At De
Slide 16: Wealth Management
Wealth Management $119.6M $30.0M $43.1M $220M in Revenue1 in Operating Earnings1 in EBITDA1 in Premiums Sold1 Managing General Agency Private Investment Counselling | Investment Dealership $8.8 billion in AUA2 $21.7 billion in AUA2 ≈$1.7 billion of Premiums in Force2 $4.4 billion in AUM2 1For the ye
Slide 17: Wealth Management – Growing and Predictable Revenues
Wealth Management – Growing and Predictable Revenues Wealth Management Revenue and Non-Asset Based Recurring Net Revenues For the periods shown ($ millions) $119.6 ● Wealth Management Segment has a growing stream of non-asset based recurring revenues. $97.7 $86.3 ● These include: $76.2 $68.6 - Commi
Slide 18: IDC Worldsource Insurance Network Inc. (IDC WIN)
IDC Worldsource Insurance Network Inc. (IDC WIN) A Unique Business, a Leading Market Position & Favourable Industry Dynamics ● A top position in the Canadian Managing General Agency market, representing 21% of the Life Insurance Premiums sold by the Canadian MGA market and 12% of the premiums sold b
Slide 19: Investment Advisory Businesses
Investment Advisory Businesses Guardian has a suite of businesses servicing the full spectrum of Investment Advisory clients $ $ $ $ $ $ $ $ $ $ Digital Advisory Clients Affluent Clients High-net-worth Clients Ultra-high-net-worth Clients Modern Advisor Worldsource Investment Guardian Capital Adviso
Slide 20: Strategic Acquisitions
Strategic Acquisitions Guardian has made a number of strategic acquisitions which complement our organic growth strategies, investing over $155 million over the past decade. 2011 2018 2020 Acquisition of GPI, BNY Mellon’s Acquisition of GuardCap, Canadian wealth management a UK-based institutional b
Slide 21: Guardian Capital Group at a Glance
Guardian Capital Group at a Glance STABILITY | TRUSTWORTHINESS | INTEGRITY Guardian Capital Group Allocation Of Capital Over The Past Decade Securities Holdings of $53.1 $741 $155M $153M CAD Billion Million1 in Acquisitions1 in Share Buybacks2 AUM1 ≈ 60% $30.5 $120M Market Capitalization CAD Billion
Slide 22: Explore the world of Guardian Capital
Explore the world of Guardian Capital guardiancapital.com
Guardian Capital Group — Shareholder Meeting (May 2022) on 6ix