Value Partners Group Limited · HKEX:806
Value Partners — H1 2014 Earnings Presentation
20 slides from Value Partners's earnings presentation, Aug 13, 2014
Slide 1: Value Partners Group Limited
VALUE PARTNERS GROUP LIMITED 806 % 443.6 358.6 +23.7% 340.7 291.0 +17.1% 21.9 15.4 +42.2% 159.2 126.1 +26.2% 140.6 3.3 +4,160.6% 8.0 0.2 +3,900.0% 8.0 0.2 +3,900.0% 1
Slide 2: Consolidated income statement
2 443,564 358,643 (152,575) (120,446) 290,989 238,197 18,093 25,794 309,082 263,991 (2,253) (4,176) (103,175) (92,091) (9,087) (6,656) (35,370) (34,928) (149,885) (137,851) 159,197 126,140 – 4,000 3,127 (84,007) (5,448) (17,854) (4,477) (1,666) 3 (6,798) (99,527) 152,399 26,613 9,484 (5,981) 161,883
Slide 3: Consolidated statement of financial position
6,774 4,332 56,910 55,614 101,609 92,125 1,093 554 8 795,995 898,026 10,277 9,044 139,730 98,837 1,112,388 1,158,532 8 91,072 441,559 9 221,334 226,782 10 109,707 386,398 168,613 132,882 8,248 13,437 22,502 28,730 74,473 – 11 1,143,571 692,116 1,839,520 1,921,903 30,885 125,060 12 48,041 54,802 45,5
Slide 4: Notes: revenue and other income
1. 34 10 32 9 2. 340,733 291,015 21,861 15,381 54,957 47,329 417,551 353,725 23,689 4,529 2,324 389 443,564 358,643 3. – 4,000 29,335 51,887 (28,051) (136,786) 3,734 1,075 (1,891) (183) 2,980 – (8,428) (17,854) (4,477) (1,666) (6,798) (99,527) 4
Slide 5: Notes: taxation and earnings per share
4. 16.5% 16.5% 20,363 18,239 6,872 1,017 (4,318) – 22,917 19,256 (140) (86) 22,777 19,170 5. 248 (15,093) (4,365) (975) (4,117) (16,068) (10,231) 2,370 (14,348) (13,698) 6. 140,616,000 3,348,000 1,755,202,800 1,755,202,800 1,755,202,800 1,755,202,800 4,237,469 3,688,083 5
Slide 6: Notes: financial assets and investments
7. 187,807,000 8. – – – 10,358 – 10,358 – – – 93,306 – 93,306 60,905 244,874 – – 60,905 244,874 180,401 166,955 – – 180,401 166,955 241,306 411,829 – 103,664 241,306 515,493 – – 3,868 8,508 3,868 8,508 18,567 16,709 – – 18,567 16,709 474,375 486,846 1,550 – 475,925 486,846 94,705 97,883 – – 94,705 9
Slide 7: Notes: receivables, payables and investments
9. 188,732 197,160 32,602 29,622 221,334 226,782 10. 1 30 877 751 31 60 118 498 61 90 3,508 385 90 1,025 509 5,528 2,143 104,179 384,255 109,707 386,398 11. 315,212 156,720 636,563 531,894 191,796 3,502 1,143,571 692,116 7
Slide 8: Notes: accruals and share capital
12. 0 30 47,643 53,194 31 60 398 797 61 90 – 811 48,041 54,802 13. 1,755,202,800 889,213 8
Slide 9: 41.6 1.41 (1) 12% 17% 3.41 2.9162 (2) 42% 2,200 1,500 1 12 1
300 41.6 1.41 (1) 101 12% 102 17% 3.41 2.9162 (2) 42% 2,200 1,500 1 12 1 17 4% 12% (3) 9% 2.7 (4) 26% 1.59 1.26 (5) 1.53 1,000 5,200 (6) 8% 6% 6% 1% 9
Slide 10: RQFII QFII
2 A RQFII 1 QFII 1 A 1 8 3 A 2 10
Slide 11: Awards: AsianInvestor, 3A, CIES
1,100 20 6,100 2.48 AsianInvestor 3A 2014 2014 4 CIES 4 11
Slide 12: Fund performance 2014
1 2 3 4 2014 2014 A1 +82.8% +25.8% -11.9% +25.2% +8.1% +9.9% +116.7% +37.8% -25.0% +24.8% +16.5% +2.8% 12
Slide 13: Assets under management
100.75 104.89 3.07 5,200 0.6% 1 2.6% 2 3 3.7% 18.33 19.87 21.40 14.34 3.07 5.53 107 1 2 2,500 2,140 2,183 1,987 1,833 2,000 1,402 1,434 1,500 781 1,000 553 500 (307) 0 -500 10,489 4 1,833 (2,140) (52) (55) 10,075 10,535 10,489 10,467 10,265 10,189 10,033 10,008 10,075 10,218 9,933 9,180 8,815 8,900
Slide 14: AUM breakdown by allocation
(63%) (88%) (7%) (80%) 3 63% 62% 37% 38% 88% 89% 7% 6% 3% 3% 2% 2% 3 80% 81% 10% 9% 10% 10% 70% 71% 30% 29% 71% 71% 19% 19% 30% 29% 26% 26% 26% 26% 12% 12% 4% 4% 1% 2% 1% 1% 71% 71% 10% 11% 9% 8% 3% 3% 3% 3% 1% 1% 1% 1% 2% 2% 14
Slide 15: Financial highlights
443.6 358.6 +23.7% 340.7 291.0 +17.1% 21.9 15.4 +42.2% 159.2 126.1 +26.2% 140.6 3.3 +4,160.6% 8.0 0.2 +3,900.0% 8.0 0.2 +3,900.0% 443.6 (152.6) 400 358.6 (120.4) 340.7 291.0 18.1 300 21.9 15.4 55.0 47.3 25.8 23.7 4.5 200 2.3 0.4 309.1 264.0 100 (98.7) (74.7) (53.9) (45.7) 0 18.1 25.8 23.7% 4.436 3.5
Slide 16: Revenue, costs and cash flow charts
2,600 490 1,810 2,580 1,180 700 580 1,760 – 4.0 3.1 (84.0) (5.4) (17.8) (4.5) (1.7) (6.8) (99.5) 49% 950 600 150 44.4 41.6 70.1 59.5 105.5 96.3 30.6 31.2 100 2.5 1.4 137.9 2.3 4.2 149.9 50 28.5 26.9 8.7 9.5 2.7 2.9 0 4.5 2.3 16
Slide 17: 2.7 1,060 7,010 5,950 3,060 3,120 20% 23% 2,850 2,690 870950 1,000 180 11.436
2.7 1,060 7,010 5,950 3,060 3,120 20% 23% 250 140 230 2,850 2,690 870950 1,000 180 11.436 1.879 10.0 17
Slide 18: Fund performance
27.67917.6 1 A +82.9% +20.2% -17.2% +14% +11.2% +3.4% 2 A1 +82.8% +25.8% -11.9% +25.2% +8.1% +9.9% 3 4 49% 18
Slide 19: 8.506 2410
8.506 137 116 3 29 23 58 36 2410 19
Slide 20: Contact
(www.hkexnews.hk) (www.valuepartners.com.hk) Lee Siang Chin 20