Slide 1: 2021 Full-Year Results Data Pack
2021 Full-Year Results Data Pack Marketing material for professional clients only
Slide 2: Contents
Contents Page Assets under management (AUM) 2 Regional diversification of AUM 3 AUM by business area, region and product 4 Gross and net flows 5-8 Currency profile of AUM 9 Asset Management AUM – detailed business area analysis 10-11 Asset Management AUM – detailed asset class analysis 12 Asset Mana
Slide 3: Assets under management (AUM)
Assets under management (AUM) £731.6 billion at 31 December 2021 Total Private Assets Asset Wealth Joint ventures £bn Solutions Mutual Funds Institutional (excluding Group Total and Alternatives Management Management and Associates associates) 1 January 2021 46.1 192.3 104.2 159.8 502.4 72.0 574.4 8
Slide 4: Regional Diversification of AUM
Regional Diversification of AUM1 £731.6 billion at 31 December 2021 UK £293.9bn North America2 Continental Europe £90.4bn £103.7bn Middle East and Africa £12.4bn Asia Pacific2 £220.1bn South America £11.1bn Schroders 2021 Full Year Results 1By client domicile. 2 JVs and associates AUM comprises of £
Slide 5: Total AUM by business area, region and product
Total AUM by business area, region and product Assets under management £731.6 billion By business area By region1 By product 7% 14% 7% 27% 11% 11% 35% 40% 16% 16% 21% 23% 16% 30% 26% Schroders 2021 Full Year Results Solutions UK Equities Institutional Asia Pacific Multi-asset JVs and Associates Fixe
Slide 6: Gross flows excl. JVs and Associates – Half-yearly
Gross flows excl. JVs and Associates Half-yearly £bn 100 94.0 90.5 80 62.1 60 54.5 55.3 42.1 40 20 Schroders 2021 Full Year Results 0 H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 Equities Fixed Income Multi-asset Private Assets and Alternatives Wealth Management 5
Slide 7: Gross flows excl. JVs and Associates – Annually
Gross flows excl. JVs and Associates Annually £bn 160 148.5 140 132.6 117.4 120 100 80 60 40 Schroders 2021 Full Year Results 20 0 2019 2020 2021 Equities Fixed Income Multi-asset Private Assets and Alternatives Wealth Management 6
Slide 8: Net flows excl. JVs and Associates – Half-yearly
Net flows excl. JVs and Associates Half-yearly £bn 50 38.1 44.6 40 30 20 10.5 10 4.6 4.4 0 Schroders 2021 Full Year Results (10) (1.2) (20) H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 Equities Fixed Income Multi-asset Private Assets and Alternatives Wealth Management 7
Slide 9: Net flows excl. JVs and Associates – Annually
Net flows excl. JVs and Associates Annually £bn 50 42.5 43.4 40 30 20 15.1 10 0 Schroders 2021 Full Year Results (10) 2019 2020 2021 Equities Fixed Income Multi-asset Private Assets and Alternatives Wealth Management 8
Slide 10: Currency profile of AUM excl. JVs and Associates
Currency profile of AUM excl. JVs and Associates Assets under management £615.2 billion 12% GBP 2% USD¹ 2% EUR 2% 36% 3% JPY 3% AUD 3% TWD KRW CNY 13% CHF Schroders 2021 Full Year Results Other² 24% 1USD includes other currencies pegged to USD, including HKD. 2Includes the following currencies which
Slide 11: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £534.0 billion Private Assets & Alternatives Solutions Mutual Funds Institutional £53.7bn £198.1bn £116.0bn £166.2bn Real estate 36% Multi-asset 80% Equities 59% Equities 73% Securitised credit 21% Equities 11% Fixed Inco
Slide 12: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £534.0 billion Private Assets & Alternatives Solutions Mutual Funds Institutional £53.7bn £198.1bn £116.0bn £166.2bn Europe, Middle East & Africa 50% UK 77% Europe, Middle East & Africa 37% Americas 35% Asia Pacific 11% A
Slide 13: Asset Management AUM – detailed asset class analysis
Asset Management AUM – detailed asset class analysis Assets under management £534.0 billion Equities Multi-asset Fixed Income Private Assets & Alternatives £210.4bn £172.8bn £97.1bn £53.7bn Asia Pacific 24% Risk controlled growth 50% US 25% Real estate 36% Global 23% Global 23% Securitised credit 21
Slide 14: Private Assets and Alternatives – gross and net flows
Private Assets and Alternatives – gross and net flows Assets under management £53.7 billion £bn 10.0 8.0 7.5 5.9 5.6 6.0 4.1 4.4 3.7 3.6 4.0 3.2 2.5 2.0 0.9 0.0 (0.4) (0.4) (2.0) (2.7) (4.0) (3.2) (3.1) (3.1) Schroders 2021 Full Year Results (4.1) (4.0) (6.0) H1 2019 H2 2019 H1 2020 H2 2020 H1 2021
Slide 15: Solutions – gross and net flows
Solutions – gross and net flows Assets under management £198.1 billion £bn 60.0 55.8 50.0 42.7 40.0 40.0 32.4 30.0 20.0 13.0 9.4 10.3 10.0 6.6 2.1 0.7 0.0 (0.4) (1.1) (10.0) (4.5) Schroders 2021 Full Year Results (7.6) (9.8) (11.4) (13.1) (12.3) (20.0) H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021
Slide 16: Mutual Funds – gross and net flows
Mutual Funds – gross and net flows Assets under management £116.0 billion £bn 40.0 30.0 27.8 19.3 20.1 18.8 20.2 20.5 20.0 10.0 6.4 0.3 1.7 1.7 0.0 (1.8) (10.0) (4.8) Schroders 2021 Full Year Results (20.0) (19.8) (18.5) (18.8) (21.1) (21.4) (23.6) (30.0) H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2
Slide 17: Institutional – gross and net flows
Institutional – gross and net flows Assets under management £166.2 billion £bn 20.0 14.6 13.0 11.4 9.1 10.7 10.0 7.6 0.7 1.0 0.0 (0.7) (2.0) (3.5) (5.1) (10.0) (11.1) (12.7) (12.1) (12.3) Schroders 2021 Full Year Results (13.6) (14.2) (20.0) H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 Gross infl
Slide 18: Wealth Management
Wealth Management Assets under management £81.2 billion Clients by portfolio size Gross and net flows £bn 20 3% 19% 16.9 15% 15 13.8 9% 12% 10 6.3 4.4 4.2 4.7 5 3.4 3.1 11% 0.9 1.3 1.0 0.4 18% 0 13% Schroders 2021 Full Year Results (2.5) (3.1) (3.1) (5) (3.8) (3.7) (3.2) H1 2019 H2 2019 H1 2020 H2 2
Slide 19: Net operating revenue and margins – Asset Management
Net operating revenue and margins – Asset Management Asset Management net operating revenue £2,043.1 million £m 2020 2021 Performance fees – £m 85.8 94.2 Net carried interest – £m 8.8 31.9 Net operating revenue (ex performance fees and net carried interest) – £m 1,652.6 1,917.0 Performance fees and
Slide 20: Income statement progression – Asset Management
Income statement progression Asset Management profit before tax £m 2019 2020 2021 Net operating revenue 1,763.1 1,747.2 2,043.1 Net (loss)/gain on financial instruments and other income (5.4) (9.8) 21.0 Share of profit of associates and joint ventures 23.5 49.5 73.9 Net income 1,781.2 1,786.9 2,138.
Slide 21: Income statement progression – Wealth Management
Income statement progression Wealth Management profit before tax £m 2019 2020 2021 Net operating revenue 302.1 366.9 420.8 Net gain on financial instruments and other income 6.5 14.7 11.7 Share of profit of associates and joint ventures 1.0 1.1 1.2 Net income 309.6 382.7 433.7 Operating expenses (22
Slide 22: Income statement progression – Group segment
Income statement progression Group segment profit before tax £m 2019 2020 2021 Net gain on financial instruments and other income 40.8 58.1 48.6 Share of profit of associates 4.1 - - Net income 44.9 58.1 48.6 Operating expenses (38.1) (39.6) (53.6) Group profit/(loss) before tax and exceptional item
Slide 23: Cost and return metrics
Cost and return metrics Total costs1 2019 2020 2021 Total compensation ratio Total compensation ratio1 44% 45% 45% = compensation costs divided by net income2 Headcount 5,673 5,571 5,750 Total costs (£m)1 1,423.6 1,476.9 1,732.6 Ratio of total costs to net income Ratio of total costs to net income1
Slide 24: Schroders
Schroders