Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q3 2017 Earnings Presentation
21 slides from Fiera Capital Corporation Class A's earnings presentation, Nov 10, 2017
Slide 1: 2017 Q3 Results
NOVEMBER 10, 2017 2017 Q3 Results JEAN-GUY DESJARDINS Chairman of the Board and President and Chief Executive Officer JOHN VALENTINI Executive Vice President, Global Chief Financial Officer and President of the Private Alternative Investments division
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The accompanying Investor Presentation contains forward-looking information, including future-oriented financial information and financial outlooks within the meaning of Canadian securities laws and regulations. Forward-looking information may include com
Slide 3: Business Overview
Business Overview AUM of $123.0 billion as at September 30, 2017. New talented senior fixed income team in the Canadian division. Solid investment performance and aligned to fuel our strong U.S. pipeline. Strong AUM growth in the European division. 3
Slide 4: Business Overview (Cont'd)
Business Overview (Cont’d) Fiera Properties Core Fund > 10% LTM return. Robust pipeline of opportunities in infrastructure. Fiera Private Lending closed four transactions in Ontario. New senior portfolio management expertise added at Fiera Comox. Appointment of Global President and Chief Operating O
Slide 5: Quarterly Financial Highlights: Quarter-over-Quarter
Quarterly Financial Highlights: Quarter-over-Quarter AUM of $ 123.0 billion, a decrease of 2% FOREIGN JUNE 30, NET SEPTEMBER 30, $ MILLIONS NEW LOST MARKET EXCHANGE 2017 CONTRIBUTIONS 2017 IMPACT AUM – END OF PERIOD 125,658 1,329 (2,753) (935) 1,502 (1,798) 123,003 Base management fees of $101.0 mil
Slide 6: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q3-2017 Q2-2017 Variation $ $ Total AUM 123.0B 125.7B -2% Total Revenues 107.1M 109.3M -2% Base Management Fees 101.0M 102.4M -1% Total Performance Fees 1.6M 1.2M 32% Other Revenues 4.5M 5.7M -22% Adjusted EBITDA1 27.0M 28.5M -5% Net Earnings 4.6M 0.9M Over
Slide 7: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q3-2017 Q3-2016 Variation $ $ Total AUM 123.0B 112.5B 9% Total Revenues 107.1M 81.9M 31% Base Management Fees 101.0M 80.4M 26% Total Performance Fees 1.6M 0.0M - Other Revenues 4.5M 1.5M Over 100% Adjusted EBITDA1 27.0M 25.9M 4% Net Earnings 4.6M 0.4M Over 100% A
Slide 8: Revenue Trend – Quarterly & Last Twelve Months
Revenue Trend – Quarterly & Last Twelve Months 8
Slide 9: Adjusted EBITDA ($) & Margin (%) Trend
Adjusted EBITDA ($) & Margin (%) Trend 1: Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures presented by other companies. P
Slide 10: Average BPS Evolution vs AUM
Average BPS Evolution vs AUM 10
Slide 11: Rolling LTM Net Earnings, LTM Adjusted EBITDA and Margin Trend
Rolling LTM Net Earnings, LTM Adjusted EBITDA ($) and Margin (%) Trend 1: Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures
Slide 12: Rolling LTM Dividends, Adjusted Net Earnings Per Share and Net Earnings Per Share
Rolling LTM Dividends, Adjusted Net Earnings Per Share and Net Earnings Per Share 1: Adjusted net earnings and adjusted net earnings per share are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures
Slide 13: Revenue & AUM Breakdown – by Geography
Revenue & AUM Breakdown – by Geography AUM as of September 30, 2017 Revenues Q3 2017 $123.0B $107.1M 13
Slide 14: Investment Performance (September 30, 2017)
Investment Performance (September 30, 2017) Traditional Strategies – Fixed Income and Balanced Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) FIXED INCOME Active Fixed Income Universe -2.94 0.03 2.55 -
Slide 15: Investment Performance (September 30, 2017)
Investment Performance (September 30, 2017) Traditional Strategies – Equity Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) Canadian Equity 11.05 1.87 12.261 4.151 2013 S&P/TSX Composite Canadian Equity
Slide 16: Investment Performance (September 30, 2017)
Investment Performance (September 30, 2017) Alternative Strategies Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) North American Market Neutral Fund -8.82 -8.82 5.80 5.80 2007 No Benchmark Long / Short
Slide 17: Outlook
Outlook Alternative solutions to meet needs of diversification of our clients. Extending strategic plan to 2022. Opportunities in the U.S. institutional segment. Pipeline of 15 potential acquisition targets. Building blocks in place to enhance client offerings. Clients first and foremost. 17
Slide 18: Question Period
Question Period WW Wo
Slide 19: Daniel Richard
Daniel Richard Senior Vice President, Corporate Communications and Investor Relations Fiera Capital drichard@fieracapital.com T 514 954-6456 19
Slide 20: Thank You
Thank You WW hs il
Slide 21: fieracapital.com
fieracapital.com