Regal Partners Limited · ASX:RPL
Regal Partners — Morgans Conference 2024
18 slides from Regal Partners's conference presentation, Oct 16, 2024
Slide 1: Morgans Conference Presentation
Regal Partners Limited ABN 33 129 188 450 Level 47 Gateway, 1 Macquarie Place Sydney NSW 2000 Australia T. +61 2 8197 4350 www.regalpartners.com 16 October 2024 ASX Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Morgans Conference Presentation Regal Partners
Slide 2: Regal Partners Limited (ASX:RPL) Morgans Conference Presentation
Regal Partners Limited (ASX:RPL) Morgans Conference Presentation October 2024
Slide 3: Disclaimer
Disclaimer The information in this presentation (“Information”) has been prepared by Regal Partners Limited (ABN 33 129 188 450) (“Regal Partners” or “RPL”) and is current as at the date of this presentation. All currency data in this presentation is in Australian dollars (A$) unless stated otherwis
Slide 4: Regal Partners Limited overview
Regal Partners Limited (ASX:RPL) overview Regal Partners Limited is an ASX-listed, specialist alternative investment manager with $17.2 billion1 in funds under management. $17.2bn $1.3bn >90 Funds under management1 Market capitalisation2 Investment professionals3 • The Group manages a broad range of
Slide 5: Highly credentialled investment and management team
Highly credentialled investment and management team Brendan O’Connor Chief Executive Officer Chief Investment Officers (CIOs) Management team Philip King Paul Moore Adrian Redlich Ian Cameron James Persson Kathleen Liu CIO – Long/Short Equities CIO – Global Equities CIO – Income Strategies Chief Fin
Slide 6: FUM has increased 3.7x since merger in June 2022
FUM has increased 3.7x since merger in June 2022 +3.7x including $2.3bn of 6% organic net flows (2.25 years) +4.3x 11% 35% $17.2bn 2% (5 years) 8% 30k+ investors 44% 50+ institutions $4.7bn 10% 14% 20k+ investors 3 institutions RFM 65% $1.1bn 12% 3% 90% June 2017 June 2022 (post-merger) September 20
Slide 7: FUM growth driven by flows, performance and acquisitions
FUM growth driven by flows, performance and acquisitions FUM up +199% since June 20231 $1.4bn ($1.0bn) $18bn $17.2bn $2.9bn $16bn $1.7bn $14bn $1.2bn $12bn $2.8bn ($0.2bn) $11.0bn $10bn $2.2bn $8bn $0.1bn $0.3bn $5.8bn $6bn $4bn 2H23 9 months to Sep 2024 $2bn - Jun-23 Net flows Investment Taurus PM
Slide 8: RPL is a significant provider of capital to Australian companies
RPL is a significant provider of capital to Australian companies Expansion Capital Agriculture Real Estate Equity Power and Energy Infrastructure Equity Pre-IPO Capital Listed Australian Microcap Equities Listed Australian Small-Cap Companies Better deal Listed Australian Large-Cap Companies origina
Slide 9: Positive flow momentum across diversified range of new and existing strategies
Positive flow momentum across diversified range of new and existing strategies 9 mths to Sep 2024 +$1,188m POSITIVE NET FLOWS OF +$1.2BN IN 9 MONTHS TO SEP 2024, UP +232% ON PCP $35m • 1 Strong support received across a range of strategies and asset classes, into both new and existing funds • Demand
Slide 10: Strong performance across a diverse range of strategies
Strong performance across a diverse range of strategies 3 YEAR ANNUALISED NET PORTFOLIO RETURNS TO 30 SEPTEMBER 20241 Regal Tactical Opportunities 33.0% Regal Resources Royalties 29.2% PM Capital Global Opportunities (ASX:PGF) 18.8% PM Capital Global Companies 18.2% Regal Australian Long Short 11.3%
Slide 11: FUM at or above high-water mark increasing
FUM at or above high-water mark increasing Performance fee-eligible FUM close to, or above, high-water mark (HWM)1 Funds/strategies at or above HWM include: • Regal Resources Long Short and High Conviction $14,000m • Regal Australian Small Companies • Regal Investment Fund • Regal Tactical Opportuni
Slide 12: PM Capital – strong performance and integration supporting accelerating inflows
PM Capital – strong performance and integration supporting accelerating inflows Key highlights: PM Capital growth in FUM1 • Strong performance across PM Capital’s funds supporting sales strategy $4.0 and growth in FUM. Net inflows accounted for ~50% of the increase in FUM since acquisition. $3.6bn $
Slide 13: Growth-focused strategy of RPL remains unchanged
Growth-focused strategy of RPL remains unchanged With multiple opportunities for expansion 1 Diversified, scalable and growing platform 2 Attractive market tailwinds 3 Strong business economics 4 Multiple opportunities for growth 12
Slide 14: Appendix
Appendix 13
Slide 15: Group FUM
Group FUM FUM up +57% over the 9 months to September 20241 9 MONTHS TO SEPTEMBER 2024 Investment Investment Argyle & $m 31 Dec 20231 Net flows Other3 30 Jun 20241 Net flows Other3 30 Sep 20241 performance2 performance2 Merricks4 Asset strategy Long/short equities 5,906 622 964 (473) 7,019 315 432 –
Slide 16: Capital base provides differentiated and resilient earnings
Capital base provides differentiated and resilient earnings RPL FUM BY LIQUIDITY1 RPL FUM BY INVESTMENT VEHICLE1 RPL FUM BY CLIENT CHANNEL1 Diversification of fund liquidity profile provides Diversification of investment vehicles reflects Highly diversified by channel, with >30,000 superior portfoli
Slide 17: Strong long-term performance track record
Strong long-term performance track record Since Performance Since Performance Fund (as at 30 September 2024) Inception Manager5 Fund (as at 30 September 2024) Inception Manager5 inception p.a.1 fee period inception p.a.1 fee period Long/Short Equities – Global Equities Private Markets Regal Atlantic
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