Magellan Financial Group Ltd · ASX:MFG
Magellan Financial — FY2025 Earnings Presentation
31 slides from Magellan Financial's earnings presentation, Aug 20, 2025
Slide 1: Results Briefing
Results Briefing Year ended 30 June 2025 Sophia Rahmani | CEO & Managing Director Dean McGuire | CFO
Slide 2: Agenda
Agenda 1. FY25 overview Sophia Rahmani 3 2. Financial result and capital management Dean McGuire 7 3. Investment Management Sophia Rahmani 13 4. Strategic Partnerships Sophia Rahmani 18 5. FY25 review and FY26 priorities Sophia Rahmani 23 2
Slide 3: FY25 overview
FY25 overview Sophia Rahmani | CEO & Managing Director 3
Slide 4: FY25 overview
FY25 overview $159.7m 89.8c 73.3c $202.1m Returns to Operating profit Operating EPS DPS (up 5.4% on FY24) (up 7.3% on FY24) (up 12.6% on FY24) shareholders1 (up 64% on FY24) $39.6bn $245.7m $31.1m $563m Assets under Investment Strategic Liquid capital management Management revenue partnership income
Slide 5: FY25 highlights
FY25 highlights MFG demonstrates consistent profitability and resilience Group structure supporting Momentum maintained Strong platform for growth earnings diversification across business lines • Operating profit $159.7m, increased • Assets under management (AUM) of • CEO transition and executive te
Slide 6: An innovative financial services group
An innovative financial services group Investment Management Strategic Partners MFG is supported by our institutional grade platform Client Service | Distribution | Finance | HR | Operations | Product | Risk, Compliance and Legal Economic ownership: Magellan Global Equities, Magellan Global Listed I
Slide 7: Financial results and capital management
Financial results and capital management Dean McGuire | CFO 7
Slide 8: FY25 overview
FY25 overview $159.7m 89.8c 73.3c $202.1m Returns to Operating profit Operating EPS DPS (up 5.4% on FY24) (up 7.3% on FY24) (up 12.6% on FY24) shareholders1 (up 64% on FY24) $39.6bn $245.7m $31.1m $563m Assets under Investment Strategic Liquid capital management Management revenue partnership income
Slide 9: FY25 earnings
FY25 earnings 1 FY25 FY24 Change Comments $m $m Investment Management revenue 245.7 278.3 (12%) Down due to reduction in average management fee to 61bps and lower performance fees Partnership profit substantially higher driven by strong growth in Barrenjoey and contribution from equity stake Partner
Slide 10: Investment Management result
Investment Management result FY25 FY24 Change $m $m • Management fees down 9% on FY24 driven by a 13% reduction in average management fee, partially offset by a 4% increase in average AUM Management fees 234.6 256.7 (9%) • Average management fee down 9bps to 61bps due to 8bps changes in AUM Performa
Slide 11: Strategic partnerships and fund investments result
Strategic partnerships and fund investments result Segment result FY25 FY24 Change • Investment in strategic partnerships doubled over the period due to the $m $m acquisition of a 29.5% stake in Vinva in August 20243 Invested capital (at 30 June) • Strategic partnerships income grew over 200% as a r
Slide 12: Capital management and dividend policy
Capital management and dividend policy Review completed Returns to shareholders ($m) 251 Dividend policy 202 39 • Concluded the review of the dividend policy during 2H25. From FY26 onwards, a 123 74 dividend policy to pay out at least 80% of Group operating profit will apply 212 5 • Broadens the bas
Slide 13: Investment Management
Investment Management Sophia Rahmani | CEO & Managing Director 13
Slide 14: Assets under management
Assets under management Net growth +8.2% year-on-year AUM by asset 30-Jun-24 31-Dec-24 30-Jun-25 • Net increase in total AUM of class1,2 8.2% to $39.6bn YoY driven 36.6 38.6 39.6 (A$bn) 4%, 1.7bn by double-digit investment performance across all 15%, 5.4bn 19%, 7.5bn 20%, 8.0bn strategies Vinva Syst
Slide 15: AUM trajectory over the last two years
AUM trajectory over the last two years Inflows predominantly into lower margin strategies Indexed AUM1 growth by strategy over last two years (%) 200% • Airlie Australian Equity and Vinva Systematic Equity funds2 have experienced steady AUM growth 175% due to positive net flows • Global Listed Infra
Slide 16: Investment performance
Investment performance Fundamental Equities Fund performance net of fees (%) Global Equities As at 31 December 2024 As at 30 June 2025 • Magellan Global Fund delivered double-digit Since inception1 absolute returns over the year and continued 1 year (%) 3 years (% p.a.) 1 year (%) 3 years (% p.a.) t
Slide 17: Leading distribution platform remains a strength
Leading distribution platform remains a strength Magellan Investment Partners global footprint • Global distribution model aligned to world’s biggest markets, supported by Head of UK and EMEA appointment ̶ Asia Pac UK & Europe ̶ North America Institutional AUM ̶ UK and EMEA $5.0bn1 UCITS fund pl
Slide 18: Strategic Partnerships
Strategic Partnerships Sophia Rahmani | CEO & Managing Director 18
Slide 19: Barrenjoey Capital Partners
Barrenjoey Capital Partners FY25 business update Growth focus • Strong financial performance • International equity execution capability commencing facilitated by strategic partner Barclays —24% increase in revenue combined with operational cost leverage lifted NPAT to $59.4m • Expanded advisory foo
Slide 20: Vinva Investment Management
Vinva Investment Management Four Vinva funds now distributed to retail clients by MFG Systematic Pioneer — Investment outperformance across all funds equities in systematic investing with genesis dating — Buy/Recommended ratings achieved across all four funds from the wholesale strategies across Aus
Slide 21: FinClear Holdings
FinClear Holdings Sustained growth across key metrics and reduced loss in core businesses — Revenue growth of 8% driven by stronger trade volumes and initial contribution from $180bn +8% new products assets under revenue growth year- administration on-year — Focus on operational expenses control, ba
Slide 22: Delivering successful partnerships
Delivering successful partnerships Experienced team Strategic support and input Track record of identifying and capitalising Collaborating and supporting businesses We drive success on compelling opportunities with commercial and strategic insight across the Trust and confidence Supportive capital S
Slide 23: FY25 review and FY26 priorities
FY25 review and FY26 priorities Sophia Rahmani | CEO & Managing Director 23
Slide 24: Renewed strategy supports diversified growth
Renewed strategy supports diversified growth Key progress in FY25 MFG strategic priorities An innovative focussed financial services business 1 • Mobilisation of distribution in key markets of Asia Pac, North America and UK and EMEA whilst maintaining Global distribution platform leading Australian
Slide 25: FY26 priorities
FY26 priorities Leverage and support our global distribution platform to attract and 1 retain clients in established and new client solutions; continued focus on improving long-term investment performance Further expand client solutions in line with evolving client needs 2 through partnerships and o
Slide 26: Q&A
Q&A 26
Slide 27: Appendix
Appendix 27
Slide 28: Assets under management
Assets under management A$ bn 30 Jun 2024 Net Flows Other1 30 Jun 2025 Retail Fundamental Equities Global Equities 12.8 (3.0) 0.7 10.5 Global Listed Infrastructure 3.6 (0.7) 0.6 3.5 Australian Equities 0.8 0.3 0.0 1.1 Systematic Equities Global and Australian Equities - 0.1 1.62 1.7 Retail AUM 17.2
Slide 29: Quarterly net flows by strategy
Quarterly net flows by strategy Net flows by strategy FY23 - FY25 (A$bn) 0.5 - Quarterly retail (0.5) outflows have continued to slow Retail (1.0) throughout FY25, with Excl. $1.2bn outflows in (1.5) 1Q25 due to MGF $1.2bn outflows in conversion 1QFY25 due to MGF (2.0) conversion Q1 FY23 Q2 FY23 Q
Slide 30: Fund performance (net of fees)
Fund performance (net of fees) As at 30 June 2025 1 year (%) 3 years (% p.a.) 5 years (% p.a.) Since inception (% p.a.)1 Fundamental Equities Magellan Global Fund 15.55 18.47 10.19 11.50 Excess return on 9% objective 6.55 9.47 1.19 2.50 Excess return on benchmark (2.93) (1.75) (5.50) 2.68 Global Equ
Slide 31: Important information
Important information This presentation has been prepared by Magellan Financial Group Ltd ACN 108 437 592 (“MFG”). This presentation contains summary information about MFG, its related bodies corporate, its strategic partners and funds issued by Magellan Asset Management Limited (“Magellan Funds”) i
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