Impax Asset Management Group plc · LSE:IPX

Impax Asset Management — Shareholder Meeting (March 2017)

18 slides from Impax Asset Management's shareholder meeting presentation, Mar 8, 2017

  1. Slide 1: Impax Asset Management Group plc Annual General Meeting

    Impax Asset Management Group plc Annual General Meeting 8 March 2017 CLEAR INVESTMENT

  2. Slide 2: 2016 milestones

    2016 milestones AUM1 + 59% Record net Listed Equities for 2016 inflows outperformance £496m1 North American €149m2 flows AUM increased into Private by 260% Equity 1As of 30 September 2016. Assets under advice represent ~3% of total AUM. 2As of November 2016. Includes €42m of conditional commitments.

  3. Slide 3: Catalysts for investment

    Catalysts for investment UN CLIMATE CHANGE CONFERENCE CHINA 13TH FIVE YEAR PLAN AIR POLLUTION FOOD SCANDAL Source: iStock and Shutterstock CLEAR INVESTMENT 3

  4. Slide 4: Trump Administration: reasons to be cheerful

    Trump Administration: reasons to be cheerful Source: iStock and Shutterstock CLEAR INVESTMENT 4

  5. Slide 5: Financial performance for the Period

    Financial performance for the Period FINANCIAL PERFORMANCE 2016 2015 AUM at period end1 £4.5bn £2.8bn Revenue £21.1m £19.7m Operating earnings2 £4.2m £3.1m Profit before tax £5.2m £5.1m Diluted earnings per share 3.62p 3.13p Shareholders’ equity £26.7m £25.9m Cash reserves £15.4m £19.3m 3 Full year

  6. Slide 6: Solid track record of growth

    Solid track record of growth AUM: £m 1998 15 1999 20 Phase 1: 2000 39 Establishing the business 2001 38 2002 55 2003 66 2004 69 2005 214 Phase 2: 2006 429 Scale up to critical mass 2007 982 2008 1099 2009 1265 2010 1823 Phase 3: 2011 1896 Consolidation & investment 2012 1828 2013 2197 2014 2755 Phas

  7. Slide 7: Listed Equities: strong performance record

    Listed Equities: strong performance record Percentage increase to 30 September 2016 152.9 131.1 117.6 98.7 67.1 55.3 50.5 45.1 41.2 44.6 45.0 30.6 Specialists Leaders Water MSCI ACWI 1 year 3 years 5 years Source: Factset. Gross cumulative performance in Sterling. CLEAR INVESTMENT 7

  8. Slide 8: Our offices and distribution partners

    Our offices and distribution partners UK / Ireland Europe North America BNP Paribas IEM plc PaxWorld ASN Bank UCITS Platform Delaware funds platform Absalon Capital NEI London Desjardins Asia Pacific BNP Paribas in Hong Kong Portland New York and Australia Hong Kong New distributors • Canada • Denma

  9. Slide 9: AUM growth during FY16

    AUM growth during FY16 Breakdown by client domicile (£m) Principal funds/partners UK/Ireland 614 Impax Environmental Markets plc 726 Irish UCITS Platform EMEA 1,647 BNP Paribas Investment Partners 2,774 ASN Bank Asia Pacific 53 BNP Paribas Investment Partners 67 DIAM Desjardins North America 174 NEI

  10. Slide 10: AUM growth in North America

    AUM growth in North America £ million 30 Sep 16 260 323 45 628 30 Sep 15 174 30 Sep 14 248 30 Sep 13 77 30 Sep 12 36 30 Sep 11 19 £- £100,000,000.00 £200,000,000.00 £300,000,000.00 £400,000,000.00 £500,000,000.00 £600,000,000.00 £700,000,000.00 Pax World Other US Clients Canadian Clients As of 30 Se

  11. Slide 11: Listed Equities: significant growth in most strategies

    Listed Equities: significant growth in most strategies £ million 789 Specialists 1,427 617 Leaders 893 1,010 Water 1,679 48 Food & Agriculture 165 21 Asia-Pacific 28 2015 2016 As of 30 September 2016. CLEAR INVESTMENT 11

  12. Slide 12: Private Equity: renewable energy infrastructure

    Private Equity: renewable energy infrastructure Fund II €149m successful exits inflows1 1As of November 2016. Includes €42m of conditional commitments CLEAR INVESTMENT 12

  13. Slide 13: Financial highlights

    Financial highlights REVENUE (£m) OPERATING EARNINGS (£m) PROFIT BEFORE TAX (£m) 2016 21.1 2016 4.2 2016 5.2 2015 19.7 2015 3.1 2015 5.1 CLEAR INVESTMENT 13

  14. Slide 14: Strong balance sheet

    Strong balance sheet £ million 2016 15.4 11.0 26.4 2015 19.3 7.4 26.7 Series1 Cash Series2 Investments CLEAR INVESTMENT 14

  15. Slide 15: Diluted EPS and dividends

    Diluted EPS and dividends DILUTED EPS (p) PROGRESSIVE DIVIDEND POLICY (p) 2016 0.5 1.61 2.1 2015 0.4 1.2 1.6 0.5 2016 3.62 2014 0.3 1.1 1.4 2013 0.9 Interim Final 2012 0.75 2015 3.13 Special 2011 0.7 2010 0.6 2009 0.4 2008 0.35 1Proposed CLEAR INVESTMENT 15

  16. Slide 16: Our ownership structure

    Our ownership structure Employees 38%1 Free float 37% Total ordinary shares 127.7m BNP Paribas Investment Partners 25% 1Includes vested shares within sub-funds of the Employee Benefit Trusts (EBTs) from which the individuals and their families may benefit and other shares held by EBTs in respect of

  17. Slide 17: Milestones/Prospects

    Milestones/Prospects Acknowledged Attractive Strong global brand investment distribution leader skills/strategies Potential for Scope to further develop/add scaling new capabilities CLEAR INVESTMENT 17

  18. Slide 18: Important information

    Important information This document has been prepared by Impax Asset Management Group plc and approved by Impax Asset Management Limited and Impax Asset Management (AIFM) Limited (“Impax”, authorised and regulated by the Financial Conduct Authority). Both companies are wholly owned subsidiaries of I

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