Slide 1: Record Financial Group FY25 results presentation
Record Financial Group FY25 results presentation 20 June 2025 J =r record Listen Understand Deliver
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION This document does not constitute an offer to sell or an invitation to buy shares in Record plc or any other invitation or inducement to engage in investment activities. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the
Slide 3: Highlights
Highlights
Slide 4: Highlights
Highlights AUM $100.9bn ~ ™%.,. Revenue £41.6m ee. Operating Costs £30.8m on. EPS 9 5.03p ae. Ordinary dividend per share 4.65p aM. ar record Maintained AUM above $100 billion with strong inflows and new business wins offsetting the impact of isolated outflows Management fees down 4%, total revenue
Slide 5: Strategic Update
Strategic Update
Slide 6: Strategic and Operational Progress
Strategic and Operational Progress + Completed transition to new CEO and CFO and + Finalised product structure. Business now operating as appointment of new CIO 3 product pillars: + Restructured tech function and commenced program : : of tech investment aligned to operational priorities Risk Managem
Slide 7: Risk Management
Risk Management + Our Risk Management solutions are designed to help clients navigate the complexities of foreign exchange fluctuations. + Solutions tailored to clients needs, ensuring currency risk is managed effectively across various individual investment strategies, reducing volatility, preservi
Slide 8: Absolute Return
Absolute Return + Our Absolute Return products employ strategies that aim for uncorrelated returns and strategic downside protection. + Collectively, these products provide clients with attractive returns while maintaining low correlation with traditional asset classes. Custom Opportunities Arange o
Slide 9: Private Markets
Private Markets + Our Private Market offerings provide clients with access to high-quality, long-term investment opportunities. + These strategies offer diversification and potential for attractive risk adjusted returns in the private market sector. + Our pipeline of Private Markets will also extend
Slide 10: Focus on our strategic objectives
Focus on our strategic objectives Organic Growth Y Improve Quality of earnings [x5] Operational Excellence - Hedging for Asset Managers AUM +37%; management fee income +24%. + €1.1 billion commitments to Record Infrastructure Equity Fund to be deployed over three years. + Existing Risk Management cl
Slide 11: Financial Performance Summary & Outlook
F record Financial Performance Summary & Outlook Appendix FY25 results presentation | Record Financial Group
Slide 12: Financials
Financials £m Fv2s Fy24 Change + Total revenue down 8% due to impact of lower performance Revenue 41.6 45.4 (8%) fees eostoriseles @) i) Geis + Operating costs down 6%. Excluding impact of prior year IT Greesieiis ea) a3) (9%) write off, operating costs flat Operating costs (30.8) (32.7) (6%) . . +
Slide 13: Assets Under Management
Assets Under Management AUM bridge for the year ended 31 March 2025 | ($bn) AUM by Currency 102.2 =CHF 100.9 USD (1) (0.4) MEUR m=GBP "Other 4Frecord FY25 results presentation | Record Fina
Slide 14: Summary of revenue by product
Summary of revenue by product —m FY25 FY24 Change Management fees Passive Hedging 15 97 18% Dynamic Hedging 13.7 137 0% Hedging for Asset Managers 35 29 24% Risk Management 28.7 26.3 9% FX Alpha 16 13 30% Custom Opportunities 19 63 (70%) Absolute Return 35 7.6 (53%) EM Local Debt 5.0 48 4% Private M
Slide 15: Operating costs
Operating costs —m FY25 FY24 Change Staff costs 15.9 16.7 (5%) Technology 4.2 65 (35%) Professional fees 31 24 32% Occupancy 13 1.0 36% Depreciation and amortisation 08 07 5% Travel and marketing 08 1.0 (8%) Operating costs (excl. Bonus) 26.2 28.3 (7%) Bonus 46 44 4% Operating costs 30.8 32.7 (6%) H
Slide 16: Balance Sheet and Capital
Balance Sheet and Capital Balance Sheet Cashflow £m + Highly cash generative, capital light business + Capital and liquidity (5.2) a sufficient to meet Ws (2.5) regulatory requirements 133 (10.0) Dividends - Strong balance sheet allows attractive dividend + Full year ordinary £m FY23 FY24 FY25 divid
Slide 17: Outlook
Outlook + Deployment of new funds in Private Markets will drive growth in revenue and EPS over the medium term + Current year outlook highly dependent on the closing of large complex deals currently in the pipeline but we anticipate FY26 revenue growing low single digits and EPS flat + We remain com
Slide 18: Summary
Summary + Our proposition remains unchanged: to deliver best in class solutions for large institutional investors + We are delivering on our strategic objectives + Progressing large opportunities in Private Markets + Well positioned to grow revenue and EPS over the medium term 4Frecord FY25 results
Slide 19: Appendix
J oF record | Appendix FY25 results presentation | Record Financial Group 19
Slide 20: Management fees by product reconciliation
Management fees by product reconciliation OLD PRESENTATION NEW PRESENTATION Currency Asset Risk Absolute Private Management Management Total Management Return Markets Total FY25 Passive Hedging 15 - 115 15 - - 115 Hedging for Asset Managers 35 - 35 35 - - 35 Dynamic Hedging 137 - 137 137 - - 37 FX A
Slide 21: AUM by product reconciliation
AUM by product reconciliation OLD PRESENTATION NEW PRESENTATION Currency Asset Risk Absolute Private Management Management Total Management Return Markets Total FY25 Passive Hedging 65.1 - 65.1 65.1 - - 65.1 Hedging for Asset Managers 143 - 143 143 - - 143 Dynamic Hedging 16.0 - 16.0 16.0 - - 16.0 F