21 slides from Fiera Capital Corporation Class A's earnings presentation, Aug 8, 2016
Slide 1: 2016 Q2 Results
AUGUST 8, 2016 2016 Q2 Results SYLVAIN BROSSEAU, Global President & COO JOHN VALENTINI, Executive VP & CFO
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 increased to $109.1 billion, up 11% from March 31, 2016 Successfully closed acquisition of Apex Capital Management, bringing $8.6 billion in additional AUM Addition of top-tier talent and alternative investment strategies Closed Aquila Infrastructure Management transaction and
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights Total revenues of $75 million, up 13% from Q2-2015 Adjusted EBITDA1 of $23.5million, up 2% from Q2-2015 Adjusted EBITDA per share of $0.32, compared to $0.33 in Q2-2015 Adjusted net earnings2 of $23.7 million, up 31% over Q2-2015 Adjusted EPS3 of $0.32, up 23% from $0.
Slide 5: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q2-2016 Q1-2016 Variation $ $ Total AUM 109.1B 98.0B 11% Total Revenues 75.0M 66.3M 13% Base Management Fees 68.8M 63.4M 9% Total Performance Fees 2.3M 0.4M >100% Other Revenues 3.9M 2.5M 56% Adjusted EBITDA1 23.5M 16.2M 45% Net Earnings 7.9M 7.3M 8% Attrib
Slide 6: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q2-2016 Q2-2015 Variation $ $ Total AUM 109.1B 90.3B 21% Total Revenues 75.0M 66.1M 13% Base Management Fees 68.8M 56.1M 23% Total Performance Fees 2.3M 8.6M <-100% Other Revenues 3.9M 1.4M >100% Adjusted EBITDA1 23.5M 23.1M 2% Net Earnings 7.9M 7.5M 5% Attributa
Slide 7: Revenue Trend – Quarterly & Last Twelve Months
Revenue Trend – Quarterly & Last Twelve Months 7
Slide 8: Adjusted EBITDA ($) & Margin (%) Trend
Adjusted EBITDA ($) & Margin (%) Trend Year-over-Year 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring-related costs. 8
Slide 9: Average BPS Evolution vs AUM
Average BPS Evolution vs AUM 9
Slide 10: Rolling LTM Adjusted EBITDA ($) & Margin (%) Trend
Rolling LTM Adjusted EBITDA ($) & Margin (%) Trend 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring-related costs. 10
Slide 11: Rolling LTM Adjusted Net Earnings Per Share & Dividends
Rolling LTM Adjusted Net Earnings Per Share & Dividends 1: Adjusted net earnings per share excludes non-recurring and non-cash items. 11
Slide 12: Revenue & AUM Breakdown – by Geography
Revenue & AUM Breakdown – by Geography Revenues Q2-2016 AUM as of June 30, 2016 12
Slide 13: Investment Performance (June 30, 2016)
Investment Performance (June 30, 2016) Traditional Strategies – Fixed Income Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION* YEAR NAME Return Added Value Return Added Value (%) (%) (%) (%) Active Fixed Income Universe 5.16 -0.06 5.35 0.17 1997 FTSE TMX Universe Tact
Slide 14: Investment Performance (June 30, 2016)
Investment Performance (June 30, 2016) 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 Value 0.22 0.42 4.66 0.45 2002 S&P/TSX Composite S&P/TSX Composite
Slide 15: Investment Performance (June 30, 2016)
Investment Performance (June 30, 2016) Alternative Strategies and Others Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION* YEAR NAME Return Added Value Return Added Value (%) (%) (%) (%) ALTERNATIVE North American Market Neutral 2.78 2.29 4.38 3.54 2007 FTSE TMX T-Bil
Slide 16: A word on our relationship with a major partner
A word on our relationship with a major partner 16
Slide 17: Outlook
Outlook Strong pipeline of opportunities Focus on organic growth and strategic acquisitions Leverage North American platform to deliver margin growth Pursue global distribution partnership Broaden offering in alternative space 17
Slide 18: Question Period
<> FIERACAPITAL Question Period renee Dul: 1248 18
Slide 19: Daniel Richard
Daniel Richard Vice President, Corporate Communications and Investor Relations Fiera Capital drichard@fieracapital.com T 514 954-6456 19
Slide 20: Thank You
<> FIERACAPITAL Thank You renee Dul: 1248 20
Slide 21: fieracapital.com
fieracapital.com