Navigator Global Investments Ltd · ASX:NGI
Navigator Global Investments — H1 2019 Earnings Presentation
22 slides from Navigator Global Investments's earnings presentation, Feb 14, 2019
Slide 1: 2019 Interim Results Presentation
2019 Interim Results Presentation Sean McGould, CEO & Amber Stoney, CFO 14 February 2019
Slide 2: 2019 Interim snapshot
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. 2019 Interim snapshot Assets under management (AUM) Net flows Highest EBITDA for a half US$14.7 billion -ve US$1.4 billion recorded for H1 2019 Difficult December quarter saw negative impact on
Slide 3: 2019 Interim Financial Result
2019 Interim Financial Result
Slide 4: Summary of interim result
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of interim result 31 December 2018 31 December 2017 % USD millions USD millions Change Management fee income 54.798 37.777 45 % Performance fee income 0.216 2.457 (91%) Other income 0.115 -
Slide 5: Reconciliation of net operating expenses
Reconciliation of net operating expenses on page 4 31 December 2018 31 December 2017 % USD millions USD millions Change Employee expense (24.508) (16.463) (49%) Professional and consulting expenses (2.646) (1.736) (52%) Information technology expense (1.961) (0.889) (121%) Occupancy expense (1.953)
Slide 6: Summary of results by half year period
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of results by half year period FY2017 FY2018 FY2019 H1 = six months ending 31 December H1 H2 H1 H2 H1 H2 = six months ending 30 June USD USD USD USD USD millions millions millions millions m
Slide 7: Revenue: management and performance fees
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Revenue Management and platform fees Performance fees Management fees of $54.8m for the half, up 45% on the prior comparative period and The Group earns performance fees on selected Commingled Funds
Slide 8: Net operating expenses
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Net operating expenses Employee expenses Information technology There was an $8.0 million increase in employee costs for the Group as compared to the prior There has been a $1.1 million increase in
Slide 9: Balance sheet remains solid
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Balance sheet remains solid Cash Trade & other receivables Net Tangible Assets cents per share: Current assets US$29.3 million US$21.6 million Key sources and uses of cash for the period: Predominan
Slide 10: Dividends
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Dividends Capital management policy Dividends in USD cents per share The Company has set a policy of paying a dividend of 70% to 80% of the earnings before interest, tax, depreciation and amortisati
Slide 11: FY19 Guidance
FY19 Guidance We remain optimistic on new mandate opportunities, although as previously announced we expect an elongation of the sales process at least the short term. This is consistent with our past experience, where volatile market periods tend to slow down overall client investment decisions r
Slide 12: AUM & investment performance
AUM & investment performance
Slide 13: 31 December 2018 AUM
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. 31 December 2018 AUM Assets Under Management for the six months to 31 December 2018: 1 July 2018 Net Flows Performance 31 December 2018 Note 1 Note 2 & 3 Note 3 Commingled Funds - Lighthouse USD 4.6
Slide 14: Key Lighthouse Funds – performance estimates
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Key Lighthouse Funds – performance estimates January 2019 December 2018 3 Year Lighthouse Fund 1 Month 1 month 1 Year 3 Year 5 Year Volatility Lighthouse Diversified Fund Limited Class A 1.65% -0.50
Slide 15: Business overview
Business overview
Slide 16: Navigator Global Investments
Navigator Global Investments A global investment group dedicated to managing hedge fund solutions Navigator Global Investments Limited is the ASX-listed parent entity of the Navigator Group of companies. Lighthouse Investment Partners, LLC is the core operating subsidiary of the Group. Based in the
Slide 17: Delivering alternative investment solutions
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Delivering alternative investment solutions through the advantages of hedge fund managed account innovation US$14.7 billion Total AUM1 London Chicago New York 22 Tokyo Palm Beach Gardens Hong Kong Y
Slide 18: Our core values
Our core values A guiding force in our business philosophy Ethics & Integrity Teamwork Professionalism Do the right thing at all times Work together and use all of Treat all people (internally and in all circumstances, the resources of the firm to and externally) with respect whether or not anyone i
Slide 19: Our fundamental strengths
Our fundamental strengths In pursuit of a better hedge fund experience Executive management has remained intact and stable Stable Management More transparency, protection and control as compared Managed Accounts to traditional hedge fund investments Preference for smaller managers that are highly fo
Slide 20: Managed Account Platform
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Managed Account Platform One of the leading proprietary managed account platforms in the world Managed Account Advantages Risk Ownership Transparency Liquidity Revocation Governance Management No lo
Slide 21: Strategic goals
Strategic goals Our focus is on 4 key areas Global investment markets remain competitive. Continued growth will be dependent on our ability to provide a quality investment service, achieve consistent Investment performance Growing AUM investment returns and create Focus on producing consistent, lo
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by Navigator Global Investments Limited (NGI) and provides information regarding NGI and its activities current as at 14 February 2019. It is in summary form and is not necessarily complete. It should be read in conjunction with NGI’s 31 December 2018 I
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