L1 Group Limited · ASX:L1G
L1 — Shareholder Meeting (November 2018)
13 slides from L1's shareholder meeting presentation, Nov 15, 2018
Slide 1: Platinum Asset Management Limited Annual General Meeting
Platinum Asset Management Limited Annual General Meeting 15 November 2018 Platinum Asset Management Limited ABN 13 050 064 287
Slide 2: Investment Performance
Investment Performance Strong absolute performance Performance of Platinum Trust Funds/Platinum 1 year 5 year 10 Since FuM Global Fund year Inception ($b) (June-18) Platinum International Fund 14.2% 12.9% 11.1% 12.8% 10.8 Platinum Asia Fund 16.6% 13.8% 10.5% 15.2% 4.5 Platinum International Brands F
Slide 3: Financial Results
Financial Results FuM growth Revenue growth Closing FuM Fee Revenue (A$b) (A$m) 25.7 337.9 328.7 22.7 22.7 312.5 2016 2017 2018 2016 2017 2018 Strong profit margins Consistent fully franked dividends Profit Margin Dividends (%) (cents per share) 82% 81% 16 15 16 76% 16 15 16 2016 2017 2018 2016 2017
Slide 4: Remuneration
Remuneration • Investment team remuneration is primarily aligned with client returns. • Key directors and staff retain significant equity in the company. • Platinum’s careful alignment of client, employee and shareholder interests aims to build trust amongst stakeholders. Share of 2018 Profit* Compo
Slide 5: New Initiatives
New Initiatives Seeking out clients in both new and existing markets Australia and New Zealand. • Innovative “Quoted Managed Funds” launched on the ASX, attracting A$419 million in FuM by 8 November 2018. • New website established with progressive rise in visits. • Bi-annual Platinum roadshow presen
Slide 6: Governance
Governance • Dividend policy • Appointment of a new Managing Director/CEO • Director renewal • Hayne Royal Commission 6
Slide 7: 2019 Outlook
2019 Outlook • Financial markets have made a volatile start to the 2019 financial year: • tightening in China; • rising US interest rates; and • global trade tensions. • Closing FuM as at 31-Oct-2018 was $24.7 bn, down 4% on June 2018. • Unless there is a dramatic turn around in markets, seed invest
Slide 8: Proxy results for AGM resolutions: Re-election of Andrew Stannard
Proxy results for AGM resolutions 2(a). Re-election of Andrew Stannard as a Director FOR AGAINST OPEN-USABLE OPEN-USABLE CHAIR NON-CHAIR 107,600,875 15,291,199 157,025,740 1,561,512 38.23% 5.43% 55.79% 0.55% 8
Slide 9: Proxy results for AGM resolutions: Re-election of Stephen Menzies
Proxy results for AGM resolutions 2(b). Re-election of Stephen Menzies as a Director FOR AGAINST OPEN-USABLE OPEN-USABLE CHAIR NON-CHAIR 113,995,726 8,889,948 157,032,390 1,561,512 40.50% 3.16% 55.79% 0.55% 9
Slide 10: Proxy results for AGM resolutions: Re-election of Brigitte Smith
Proxy results for AGM resolutions 2(c). Re-election of Brigitte Smith as a Director FOR AGAINST OPEN-USABLE OPEN-USABLE CHAIR NON-CHAIR 122,617,043 325,769 157,026,140 1,554,152 43.56% 0.11% 55.78% 0.55% 10
Slide 11: Proxy results for AGM resolutions: Re-election of Tim Trumper
Proxy results for AGM resolutions 2(d). Re-election of Tim Trumper as a Director FOR AGAINST OPEN-USABLE OPEN-USABLE CHAIR NON-CHAIR 122,468,567 402,359 157,039,228 1,561,512 43.52% 0.14% 55.79% 0.55% 11
Slide 12: Proxy results for AGM resolutions: Adoption of the Remuneration Report
Proxy results for AGM resolutions 3. Adoption of the Remuneration Report FOR AGAINST OPEN-USABLE OPEN-USABLE CHAIR NON-CHAIR 86,117,634 3,032,367 1,005,219 1,534,752 93.93% 3.30% 1.10% 1.67% 12
Slide 13: Disclaimer
Disclaimer This presentation has been prepared by Platinum Asset Management Limited ABN 13 050 064 287 (“PTM”). References in this presentation to “Platinum” are to Platinum Investment Management Limited ABN 25 063 565 006, unless otherwise expressly stated. References in this presentation to QMFs a