AGF Management Limited Class B · TSX:AGF.B
AGF Management Limited Class B — Scotia Capital Financials Summit 2011
14 slides from AGF Management Limited Class B's conference presentation, Sep 7, 2011
Slide 1: AGF Management Limited - Scotia Capital Financials Summit 2011
OVERVIEW AGF MANAGEMENT LIMITED AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT 2011 toronto montreal boston dublin hong kong beijing singapore
Slide 2: Scotia Capital Financials Summit Guest Speaker
OVERVIEW AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT GUEST SPEAKER Blake C. Goldring, M.S.M., CFA Chairman & Chief Executive Officer 2
Slide 3: Caution Regarding Forward-Looking Statements
OVERVIEW AGF MANAGEMENT LIMITED CAUTION REGARDING FORWARD-LOOKING STATEMENTS The forward looking information is provided as of September 7, 2011. Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking informat
Slide 4: AGF Management: Business Model
OVERVIEW AGF MANAGEMENT LIMITED AGF MANAGEMENT: BUSINESS MODEL Investment Management (Core Business) Lending 30.9 % equity ness Retail Asset Institutional Asset High-Net-Worth g / in Smith & Busin AGF Trust Willi Williamson Management Management Private Client Holdings Limited Brrand $26.2 billion i
Slide 5: AGF Management: Investment Highlights
OVERVIEW AGF MANAGEMENT LIMITED AGF MANAGEMENT: INVESTMENT HIGHLIGHTS Independent, diversified, global wealth management leader 1. One of the most experienced leadership teams in the sector 2. P Proven success in i our core investment i management business b i 3. Growing our profitable loan products
Slide 6: Diversified, Global Wealth Management Leader
OVERVIEW AGF MANAGEMENT LIMITED DIVERSIFIED, GLOBAL WEALTH MANAGEMENT LEADER Investment Management Institutional & Sub-advisory Accounts High-Net-Worth $22.1B $26.2B Retail Funds Total AUM of CAD$51.8 billion $3.5B Trust Company Real Estate Secured Loans $1.1B Investment Loans $1.9B Total loan asset
Slide 7: Experienced Management Team
OVERVIEW AGF MANAGEMENT LIMITED EXPERIENCED MANAGEMENT TEAM B d off Directors Board Di t AGF Management Limited Blake Goldring Chairman & Chief Executive Officer Judy Goldring Rose Cammareri Robert J. Bogart Chris Boyle Gordon Forrester Robert Badun Martin Hubbes Mario Causarano EVP, Chief Operating
Slide 8: Investment Management: Growing Our Core Business
OVERVIEW AGF MANAGEMENT LIMITED INVESTMENT MANAGEMENT: GROWING OUR CORE BUSINESS AGF Assets Under Management AUM Growth by Line of Business $60 30 26.2 53.7 19.8 ($ billions) 51.8 20 Retail 32% Growth $50 44.6 10 42.8 43.0 0 $40 2008 Q2 2011 35.6 33.3 33.9 34.1 ($ billions) 31.4 30 Instittutional 28
Slide 9: AGF Trust: Building a Portfolio of Quality Assets
OVERVIEW AGF MANAGEMENT LIMITED AGF TRUST: BUILDING A PORTFOLIO OF QUALITY ASSETS Loan Assets Loan Originations $4.0 $100 87.0 $3.5 3.4 $90 3.2 3.1 3.0 3.0 $80 $3.0 $70 $2.5 ($ billions) $60 ($ millions) 2.1 56.0 2.0 49.4 $2.0 2.0 1.9 1.9 $50 44.2 43.8 39.9 $1.5 $40 7.0 32 5 32.5 $30 $1.0 41.9 38.7
Slide 10: Strong Cash Flow Generation
OVERVIEW AGF MANAGEMENT LIMITED STRONG CASH FLOW GENERATION AGF Free Cash Flow Generation $60 52 $ $50 47 42 39 38 $40 millions) $30 ($ m $20 $10 $0 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Our balance sheet and strong cash flow generation gives us access to inexpensive, 10 flexible capital to execut
Slide 11: Acuity Acquisition: Proven Execution Capabilities
OVERVIEW AGF MANAGEMENT LIMITED ACUITY ACQUISITION: PROVEN EXECUTION CAPABILITIES PURCHASE PRICE $339 million for 100% of Acuity; 60% cash and 40% AGF Class B Non-Voting shares CLOSED February 1, 2011 Acuity EBITDA per share Contribution $1.60 $1.40 • Execution and integration of Acuity exceeded $0.
Slide 12: Key Performance Indicators: Continued Success
OVERVIEW AGF MANAGEMENT LIMITED KEY PERFORMANCE INDICATORS: CONTINUED SUCCESS ($ billions) AUM ($ millions) Revenue ($ millions) Adjusted EBITDA 60.0 800.0 350.0 50.0 700.0 300.0 600.0 250.0 40.0 500.0 200.0 30.0 400.0 150.0 20.0 300.0 153.8 180 1 180.1 100.0 68.1 79 0 79.0 200.0 10.0 100.0 50.0 0.0
Slide 13: Valuation: Trade at an Attractive Yield and Valuation
OVERVIEW AGF MANAGEMENT LIMITED VALUATION: TRADE AT AN ATTRACTIVE YIELD AND VALUATION Dividends Paid per Share Dividend Yield Comparison Across Canadian Peers(3) 1997 0.09 7 0% 7.0% Current Yield: 6.5% 1998 0.13 6.5%(1) 1999 0.15 6.0% 2000 0.18 2001 0.22 5.0% 4 4% 4.4% 2002 0.26 4.1% 2003 0.30 4.0%
Slide 14: Thank you
OVERVIEW AGF MANAGEMENT LIMITED Thank you 14
AGF Management — Scotia Capital Financials Summit 2011 on 6ix