Navigator Global Investments Ltd · ASX:NGI
Navigator Global Investments — H1 2021 Earnings Presentation
22 slides from Navigator Global Investments's earnings presentation, Feb 18, 2021
Slide 1: 2021 Interim Results Presentation
2021 Interim Results Presentation 18 February 2021 Authorised by: Board of Navigator Global Investments Limited
Slide 2: Agenda
Agenda Group update Financial results Lighthouse update
Slide 3: Group update
Group update Sean McGould, CEO Ross Zachary, MD
Slide 4: NGI Group structure
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. NGI Group structure New Group operating structure A diversified alternative asset management holding company partnering with, operating and investing in leading managers globally NGI Strategic Holdin
Slide 5: NGI Group update
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. NGI Group update Transaction Transaction closed 1 February 2021 Impact will be included in the 30 June 2021 financials results Update Acquisition is accretive on a cash earnings basis Establi
Slide 6: Financial results
Financial results Amber Stoney, CFO
Slide 7: 2021 Interim Results Snapshot
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. 2021 Interim Results Snapshot AUM 13.2 billion ▲12% from 30 June 2020 Management Fees 37.7 million ▼ 19% on pcp Performance Fees 9.8 million ▲166% on pcp Underlying EBITDA 15.1 million ▼ 21% on pcp D
Slide 8: Statutory interim result
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Statutory interim result Consolidated USD millions % 31 December 2020 31 December 2019 Change Management fee income 37.696 46.568 (19%) Performance fee income 9.755 3.662 166% Reimbursement of fund o
Slide 9: Underlying EBITDA
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Underlying EBITDA Consolidated USD millions % 31 December 2020 31 December 2019 Change EBITDA 15.504 20.085 ▼ 23% Additional cash lease payments (1.378) (0.956) Expensed transaction costs 0.946 - Und
Slide 10: Average management fee revenue
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Revenue 37.7 million 9.8 million ▼ 19% on pcp ▲166% on pcp Management Performance Fees Fees 46.6 9.8 40.9 37.7 3.7 1.9 H1 2020 H2 2020 H1 2021 H1 2020 H2 2020 H1 2021 Performance fee revenue for th
Slide 11: Net operating expenses
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Net operating expenses 24.8 million 38.4 million Employee 2.5m increase due to a combination of: • Increase in accrued bonus due to allocation from ▲13% on pcp expenses performance fee income Total •
Slide 12: Balance sheet
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Balance sheet Cash Trade & other receivables Net Tangible Assets cents per share: Current assets US$34.1 million US$24.8 million Key sources and uses of cash for the period: Predominantly comprises
Slide 13: Dividends
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Dividends Dividend Pay-out ratio Payout ratio is under the range for H1, but expect total dividends for FY21 will be within the 70-80% of EBITDA range Dividends in USD cents per share Performance
Slide 14: Estimated Accounting Contribution to FY21
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Acquired Portfolio contribution on FY21 First profit sharing period is contractually defined as the 18 months to 30 June 2021 Profit-sharing arrangements for FY21: $15.8m of relevant cash distrib
Slide 15: FY21 EBITDA Guidance
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. FY21 EBITDA Guidance Underlying EBITDA $28 - 31 million1 Add-back Transaction costs of ~$5.5m Back-out $3m of cash lease expense Statutory EBITDA $25.5 - 28.5 million 1 Includes estimated accounting
Slide 16: Lighthouse update
Lighthouse update Scott Perkins, Lighthouse MD
Slide 17: Lighthouse Investment Partners
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Lighthouse Investment Partners Delivering alternative investment solutions through the advantages of hedge fund managed account innovation. 13.2 billion AUM Track 24+ years record 111 Employees Core
Slide 18: Lighthouse Investment Partners
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Lighthouse Investment Partners Composition of AUM as at 31 December 2020: 16.7 14.2 13.4 Lighthouse 9.5 13.2 billion 8.4 AUM ▲ 12% from 30 June 2020 June 2016 June 2017 1 July 2018 June 2019 December
Slide 19: Lighthouse Investment Partners
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Lighthouse Investment Partners Composition of AUM as at 31 December 2020: Service Commingled AUM by Strategy Multi-strategy / Customised Solutions other 32% 43% 13.2bn 4.5bn Commingled Funds 34% Plat
Slide 20: Lighthouse Investment Partners: Investment performance
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Lighthouse Investment Partners Investment performance January 2021 December 2020 3 Year Lighthouse Fund 1 Month 1 month 1 Year 3 Year 5 Year Volatility Lighthouse Diversified Fund Limited Class A 2.3
Slide 21: Q&A
Q&A 21
Slide 22: Disclaimer
The numbers in this presentation have been presented in US dollars (USD) unless otherwise indicated. Disclaimer This presentation has been prepared by Navigator Global Investments Limited (NGI) and provides information regarding NGI and its activities current as at 18 February 2021. It is in summary
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