Navigator Global Investments Ltd · ASX:NGI
Navigator Global Investments — H1 2020 Earnings Presentation
21 slides from Navigator Global Investments's earnings presentation, Feb 13, 2020
Slide 1: 2020 Interim Results Presentation
2020 Interim Results Presentation Sean McGould, CEO & Amber Stoney, CFO 13 February 2020 Authorised by: Board of Navigator Global Investments Limited
Slide 2: 2020 Interim snapshot
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. 2020 Interim snapshot Closing AUM Management fee revenue 54.8 50.6 16.7 46.6 14.7 14.2 13.4 37.8 37.7 US$13.4 billion US$46.6 million 10.5 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H1 2018 H2 2018 H1
Slide 3: Interim financial results
Interim financial results
Slide 4: Summary of interim result
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of interim result 31 December 2019 31 December 2018 % USD millions USD millions Change Management fee income 46.568 54.798 (15%) Performance fee income 3.662 0.216 1,595% Reimbursement of fu
Slide 5: Summary of results by half year period
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of results by half year period FY2018 FY2019 2020 H1 = six months ending 31 December H1 H2 H1 H2 H1 H2 = six months ending 30 June USD USD USD USD USD millions millions Millions millions mil
Slide 6: Revenue: management and performance fees
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Revenue Management and platform fees Performance fees Management fees of $46.6m for the half, down 15% on the prior comparative period and 8% on The Group earns performance fees on selected Commingl
Slide 7: Net operating expenses
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Net operating expenses Employee expenses Professional & consulting There was a $2.2 million decrease in employee costs for the Group as compared to the prior The Group utilises a number of expert co
Slide 8: Solid balance sheet
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Solid balance sheet Cash Trade & other receivables Net Tangible Assets cents per share: Current assets US$35.1 million US$23.1 million 42.4* Key sources and uses of cash for the period: Predominantl
Slide 9: Dividends
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Dividends Dividends in USD cents per share Capital management policy The Company has set a policy of paying a dividend of 70% to 80% of the earnings before interest, tax, depreciation and amortisati
Slide 10: Earnings Guidance
FY20 Outlook The Group finished the first half of the 2020 financial year well, and in particular strong investment performance in the December 2019 quarter provides Guidance Earnings a good base to build on for the remainder of the financial year. Expect to see the full benefits of the cost rat
Slide 11: AUM & performance
AUM & performance
Slide 12: 31 December 2019 AUM
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. 31 December 2019 AUM Assets Under Management for the six months to 31 December 2019: 30 June 2019 Net Flows Performance 31 December 2019 Note 1 Note 2 & 3 Note 3 Commingled Funds USD 4.80 bn ↓ USD 0
Slide 13: Key Lighthouse Funds – performance estimates
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Key Lighthouse Funds – performance estimates January 2020 December 2019 Calendar 3 Year Lighthouse Fund 1 Month 1 month 3 Year 5 Year YTD Volatility Lighthouse Diversified Fund Limited Class A 1.00%
Slide 14: Business overview
Business overview
Slide 15: Navigator Global Investments
Navigator Global Investments A global investment group dedicated to managing hedge fund solutions Navigator Global Investments Limited is the ASX-listed parent entity of the Navigator Group of companies. Lighthouse Investment Partners, LLC is the core operating subsidiary of the Group. Based in the
Slide 16: Delivering alternative investment solutions
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Delivering alternative investment solutions through the advantages of hedge fund managed account innovation US$13.4 billion Total AUM1 23+ Year track record 116 Total employees 37 Europe, 15% Other
Slide 17: Our core values
Our core values A guiding force in our business philosophy Ethics & Integrity Teamwork Professionalism Do the right thing at all times Work together and use all of Treat all people (internally and in all circumstances, the resources of the firm to and externally) with respect whether or not anyone i
Slide 18: Appendices
Appendices
Slide 19: Reconciliation of total expenses to net operating expenses
Appendix 1 Reconciliation of total expenses to net operating expenses 31 December 2019 31 December 2018 % USD millions USD millions Change Employee expense (22.328) (24.508) 9% Professional and consulting expenses (3.276) (2.646) (24%) Information technology expense (1.511) (1.961) 23% Occupancy exp
Slide 20: Effect of implementation of AASB Leases from July 2019
Appendix 2 Effect of implementation of AASB 16 Leases from 1 July 2019 On 1 July 2019, in relation to these leases, the Group recognised the following balance sheet items: The Group adopted AASB 16 Leases on 1 July 2019. Assets - $14.7m of net new assets AASB 16 introduces a single lease account
Slide 21: Disclaimer
Disclaimer This presentation has been prepared by Navigator Global Investments Limited (NGI) and provides information regarding NGI and its activities current as at 13 February 2020. It is in summary form and is not necessarily complete. It should be read in conjunction with NGI’s 31 December 2019 I
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