Pinnacle Investment Management Group Limited · ASX:PNI

Pinnacle Investment Management — Investor Presentation (February 2025)

67 slides from Pinnacle Investment Management's investor presentation, Feb 4, 2025

  1. Slide 1: FY2025 interim financial results announcement

    4th February, 2025 By Electronic Lodgement Market Announcements Office ASX Ltd 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Pinnacle Investment Management Group Limited (ASX: PNI) FY2025 interim financial results Pinnacle Investment Management Group Limited (PNI) announces its financial results f

  2. Slide 2: Net inflows were $6.7 billion

    • Net inflows were $6.7 billion: - Domestic retail net inflows - $3.7 billion - Domestic institutional net inflows - $2.2 billion - Offshore net inflows - $0.8 billion • Continued long-term outperformance across many Affiliates – 82% of 5-Year Affiliate strategies have outperformed their respective

  3. Slide 3: Continuing long-term alpha generation of Affiliates

    continuing, long-term alpha generation of Affiliates – 82% of Affiliate strategies with track records of five years or longer have outperformed their benchmarks over that time period as at 31 December 2024 – underpins this ongoing performance fee contribution. Of particular note was the contribution

  4. Slide 4: Composition of Group Results

    Composition of Group Results The profit after tax attributable to shareholders for 1H FY25 was $75.7 million, representing diluted earnings per share of 36.7 cents, up 140% from 15.3 cents per share in 1H FY24. Income tax was paid at the Affiliate level and there was also an income tax expense at th

  5. Slide 5: Notes: references to dollars are Australian Dollars

    All references to dollars, or ‘$’, refer to Australian Dollars, unless otherwise stated. 1. Includes dividends and distributions received on PI. These were $3.0m in 1H FY25, compared with $3.6m in 1H FY24 2. Includes interest cost on the CBA facility of $3.3m in 1H FY25 ($3.6m in 1H FY24) 3. Include

  6. Slide 6: FUM Update

    FUM Update The FUM of the eighteen Pinnacle Affiliates as at 31 December 2024 was $155.4 billion, at 100%, reflecting: • an increase in FUM of $45.3 billion or 41.1% during 1H FY25, comprising net inflows of $6.7 billion, ‘acquired’ FUM of $27.9 billion and increases due to market movements/investme

  7. Slide 7: Retail and International FUM Update

    Retail FUM Update Retail FUM stood at $35.4 billion at 31 December 2024: • An increase in $6.6 billion or 22.9% from $28.8 billion at 30 June 2024, comprising net inflows of $3.7 billion, ‘acquired’ FUM of $1.2 billion and increases due to market movements/investment performance of $1.7 billion Inte

  8. Slide 8: Dividend

    1H FY25 1 Affiliate revenues are shown at 100% to indicate trend. Pinnacle owns significant minority stakes in each Affiliate and accounts for its share of Affiliates’ NPAT 2 Includes $6.8bn ‘acquired’ in Jul 2018, $3.0bn ‘acquired’ in Dec 2019, $1.1bn ‘acquired’ in Dec 2021, $9.8bn ‘acquired’ in Au

  9. Slide 9: FY25 interim financial results teleconference

    FY25 interim financial results teleconference Shareholders and analysts are invited to attend a teleconference on 5 February 2025 with Alan Watson (Chair), Ian Macoun (Managing Director), Andrew Chambers (Executive Director and Head of Institutional & International Distribution), Dan Longan (Chief F

  10. Slide 10: 1H FY25 Results Presentation

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  11. Slide 11: Agenda

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  12. Slide 12: Introduction and Highlights

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  13. Slide 13: 1H FY25 Themes

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  14. Slide 14: 1H FY25 Themes

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  15. Slide 15: 1H FY25 Themes

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  16. Slide 16: 1H FY25 Financial Highlights

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  17. Slide 17: Track record of earnings growth throughout market cycles

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  18. Slide 18: Investment Performance

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  19. Slide 19: Pinnacle has a diversified Affiliate platform

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  20. Slide 20: Diversification via Horizons 2 and 3 enables earnings growth

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  21. Slide 21: Performance fees

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  22. Slide 22: Funds under Management

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  23. Slide 23: Evolution in funds under management

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  24. Slide 24: Diversification = resilience of core earnings

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  25. Slide 25: Evolution of FUM by client type

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  26. Slide 26: Continued industry awards

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  27. Slide 27: Financial Performance

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  28. Slide 28: Revenue and margin performance and key drivers

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  29. Slide 29: 1H FY25 financial results

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  30. Slide 30: 1H FY25 financial results: balance sheet

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  31. Slide 31: Market Update – Institutional & International

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  32. Slide 32: Institutional & International Market Update

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  33. Slide 33: Market Update – Wholesale & Retail

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  34. Slide 34: Wholesale & Retail Market Update

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  35. Slide 35: Growth Agenda

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  36. Slide 36: Three Horizons of growth

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  37. Slide 37: Future growth drivers

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  38. Slide 38: Horizon 2 – accelerator for new Affiliates and strategies

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  39. Slide 39: Horizon 2 and 3 Updates – Life Cycle, PAM and VSS

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  40. Slide 40: Corporate Responsibility

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  41. Slide 41: Our Sustainability Strategy

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  42. Slide 42: PNI Foundation

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  43. Slide 43: PNI Group 2024 Aggregate Giving

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  44. Slide 44: PNI Foundation

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  45. Slide 45: Conclusion

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  46. Slide 46: Pinnacle differentiation

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  47. Slide 47: Summary

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  48. Slide 48: Q&A

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  49. Slide 49: Appendix

    Appendix

  50. Slide 50: Continuing strong investment performance of Affiliates to 31 December 2024

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  51. Slide 51: Continuing strong investment performance of Affiliates to 31 December 2024

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  52. Slide 52: Performance of Affiliates to 31 December 2024

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  53. Slide 53: Performance of Affiliates to 31 December 2024

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  54. Slide 54: Performance of Affiliates to 31 December 2024

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  55. Slide 55: Performance of Affiliates to 31 December 2024

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  56. Slide 56: 1H FY25 funds under management

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  57. Slide 57: Pinnacle Affiliates continue to win major industry awards

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  58. Slide 58: Affiliate commitment to ESG

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  59. Slide 59: Pinnacle Affiliates

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  60. Slide 60: Pinnacle Affiliates

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  61. Slide 61: Pinnacle Affiliates

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  62. Slide 62: Pinnacle Affiliates

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  63. Slide 63: Pinnacle Affiliates

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  64. Slide 64: Pinnacle Affiliates

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  65. Slide 65: Pinnacle Affiliates

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  66. Slide 66: Pinnacle Investment Management Group Limited disclaimer

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  67. Slide 67: Disclaimer

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Pinnacle Investment Management Group — Investor Presentation (February 2025) on 6ix