GQG Partners, Inc. · ASX:GQG
GQG Partners — Morgan Stanley Asia Pacific Summit 2025
32 slides from GQG Partners's conference presentation, Nov 17, 2025
Slide 1: Investor Presentation Slides
GQG Partners ASX Announcement 17 November 2025 GQG Partners Inc. (ARBN 651 066 330) 350 East Las Olas Boulevard For personal use only 18th Floor Fort Lauderdale, FL 33301 USA INVESTOR PRESENTATION SLIDES GQG Partners Inc. (GQG Partners or the Company) (ASX:GQG) attaches slides which will be used in
Slide 2: Morningstar Asia Pacific Summit
Morgan Stanley Asia Pacific Summit For personal use only 19 – 20 November 2025 LAIRD ABERNETHY Managing Director, Asia Pacific GQG Partners LLC and its affiliates (“GQG”) are not registered with or licensed by the Monetary Authority of Singapore under the Securities and Futures Act 2001 or the Finan
Slide 3: Firm Overview: A Different Perspective
FIRM OVERVIEW A Different Perspective Global Quality Growth GQG Partners exists to compound client assets. To do this, we need to manage downside risk in difficult markets and participate in rising markets. We have developed an investment approach designed to do just that based around a concept we cal
Slide 4: About GQG Partners
FIRM OVERVIEW About GQG Partners Founders Rajiv Jain, CIO Tim Carver, CEO Assets Under Management US$167.2 billion4 For personal use only Investment Process By Strategy Bottom-Up, High Conviction, Quality 70.1 4 Portfolio Managers 11 Research Analysts 8 Traders 41.0 38.9 Offices Fort Lauderdale, FL
Slide 5: A Different Perspective
INVESTING OVERVIEW A Different Perspective Client Alignment GQG Partners strives to be a benchmark of client alignment for the industry ▪ The majority of our founders' (CIO Rajiv Jain and CEO Tim Carver) personal net worth are invested in GQG Partners and For personal use only alongside clients in i
Slide 6: Compounding Capital
INVESTING OVERVIEW Compounding Capital GQG Partners Global Equity Composite Investment Growth Since Inception Seeking quality compounding that exhibits higher growth with less downside and volatility than the benchmark For personal use only 300% GQG Composite (Net of Fees) 3Q15 4Q18 1Q20 1Q22 – 3Q22
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS For the Half Year Ended 30 June 2025 Funds Under Management* — Net flows of US$8.0 billion For personal use only — Funds Under Management of US$172.4 billion, an increase of 10.8% from 2024 half year results — Funds Under Management** of US$167.2 billion as at 30 September 2025
Slide 8: Strategy Level Performance as at June 2025
PERFORMANCE OVERVIEW Strategy Level Performance as at 30 June 2025 Global Equity International Equity 20 16.17 17.35 20 17.72 13.79 12.77 13.65 12.42 15.00 13.99 Total Return % For personal use only Total Return % 9.57 11.34 10 10.13 10.34 10 5.80 4.35 0 -1.05 0 -10 1 year 3 years 5 years ITD 1-Dec-
Slide 9: Operational Value Add
BUSINESS OVERVIEW Operational Value Add Estimated 1H25 Impact of Investment Returns and Net Flows on Ending FUM (US$ Billions) For personal use only Since Inception Impacts on GQG Partners FUM1 2025 Since Inception Total Value Added 1-June-2016 Starting FUM $153.0 $0.0 $122.3 $113.6 Net Flows2 +$8.0
Slide 10: Highlights
BUSINESS OVERVIEW Highlights 2025 Half Year Highlights (As at 30 June 2025, unless otherwise specified) For personal use only Performance — All primary strategies have outperformed their respective benchmarks on a since inception basis — Top quintile Alpha and Sharpe ratio for the four primary strat
Slide 11: Retail SMA Products
GROWTH OPPORTUNITIES Retail SMA Products We believe there are significant growth opportunities within the US-based asset class based on industry trends Retail SMA Universe GQG Partners Retail SMA For personal use only $6 $8 $5.0 $5 $7 $4.4 $6 US$ Billions $4 $3.8 US$ Trillions $5 $3.0 $3 $2.5 $4 $2.
Slide 12: Exchange Traded Fund (ETF) Products
GROWTH OPPORTUNITIES Exchange Traded Fund (ETF) Products We continue to expand our suite of products and fund formats to meet investor demand For personal use only US Active ETF Universe $2.00 $1.75 $1.7 — Launched our first active ETF, the GQG US Equity $1.50 ETF (GQGU), with approximately $200 mil
Slide 13: Half Year Financial Results
For personal use only Half Year Financial Results AS AT 30 JUNE 2O25 12
Slide 14: Financial Results Highlights
FINANCIAL RESULTS Highlights Half Year Results of 2025 vs. 2024 (Dollars in US$ millions, except per share data) HY25 HY24 HY25 HY24 For personal use only Closing FUM† (US$ billions) 172.4 155.6 Distributable earnings (US$ millions) 236.5 209.9 Average FUM† (US$ billions) 162.9 139.5 Dividends paid
Slide 15: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations Consolidated Statements of Operations Commentary Half Year Comparison Net revenue was $403.0 million, an increase of 11.0% compared to the six months ended 30 June 2024. Net For the six months ended 30 June 2025 and 2024 management fees increas
Slide 16: Consolidated Statements of Financial Condition
FINANCIAL RESULTS Consolidated Statements of Financial Condition Consolidated Statements of Financial Condition As at 30 June 2025 and 31 December 2024 Commentary US$M 30-Jun-25 31-Dec-24 GQG continues to have a strong balance sheet, with total assets as at 30 June 2025 of $488.1 million. Assets Bal
Slide 17: Consolidated Statements of Cash Flows
FINANCIAL RESULTS Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows For the Six Months Ended 30 June 2025 and 2024 Commentary US$M 1H25 1H24 — The primary use of GQG’s cash continues to be working capital and dividends. Dividends are based Net income before noncontrolling i
Slide 18: Performance and Distribution Update
For personal use only Performance and Distribution Update AS AT 30 JUNE 2O25 17
Slide 19: Alpha Proposition
INVESTING OVERVIEW Alpha Proposition Investment Objective Annualized outperformance of 200-300 bps net of fees over a full market cycle with less volatility.* For personal use only Forward-Looking Quality Many 'quality' investors emphasize historical metrics as indicators of quality. Driven by behav
Slide 20: Trailing Performance as at June 2025
PERFORMANCE OVERVIEW Trailing Performance as at 30 June 2025 30 15 30 15 20 10 20 10 For personal use only Global Equity 10 International Equity 5 10 5 0 -10 0 0 0 1-YEAR ITD (1-OCT-14) 1-YEAR ITD (1-DEC-14) AS AT 30 JUNE 2025 AS AT 30 JUNE 2025 RETURN RANK RETURN RANK RETURN RANK RETURN RANK ● Comp
Slide 21: Rolling Performance as at June 2025
PERFORMANCE OVERVIEW Rolling Performance as at 30 June 2025 Global Equity Rolling 5-Year Return (net of fees) International Equity Rolling 5-Year Return (net of fees) 20 20 GQG Partners Global Equity GQG Partners International Equity For personal use only 5-Year Total Return % 5-Year Total Return %
Slide 22: Risk-Adjusted Performance
PERFORMANCE OVERVIEW Risk-Adjusted Performance Global Equity Risk-Return % International Equity Risk-Return % Since GQG Inception 1-June-2016 Since GQG Inception 1-June-2016 16 14 For personal use only GQG Partners 12 14 GQG Partners Global Equity eVestment ACWI ex USA Returns Returns 10 Internation
Slide 23: Rolling Alpha-Beta Performance as at June 2025
PERFORMANCE OVERVIEW Rolling Alpha-Beta Performance as at 30 June 2025 Global Equity Alpha-Beta International Equity Alpha-Beta 30 30 20 20 For personal use only Alpha % Alpha % 10 10 0 0 -10 -10 -20 -20 0.4 0.6 0.8 1.0 1.2 1.4 1.6 0.4 0.6 0.8 1.0 1.2 1.4 1.6 Beta Beta 1Y 3Y 5Y 1Y 3Y 5Y EM Equity Al
Slide 24: Morningstar Ratings
DISTRIBUTION OVERVIEW Morningstar Ratings GQG Partners Open End Fund Ratings as at 30 June 2025 MUTUAL FUNDS - MORNINGSTAR MORNINGSTAR RATING MORNINGSTAR RANK % MORNINGSTAR MEDAL For personal use only GQG Partners Global Quality Equity Fund ★★★★ 13 Gold GQG Partners Emerging Markets Equity Fund ★★★★
Slide 25: Funds Under Management
DISTRIBUTION OVERVIEW Funds Under Management† FUM by Strategy (US$ Billions) FUM by Channel & Region 69.7 (US$ Billions) 16.6 3.2 For personal use only 66.5 56.6 8.8 41.1 41.7 19.9 143.8 49.3 International Global Emerging Markets US Equity Institutional Wholesale Sub-Advisory Americas Australia EMEA
Slide 26: Funds Under Management: Rollforward
DISTRIBUTION OVERVIEW Funds Under Management† Rollforward of FUM (US$ Billions) BY YEAR 2019 2020 2021 2022 2023 2024 20251H For personal use only Beginning FUM 17.6 30.7 67.0 91.2 88.0 120.6 153.0 Net Flows 7.6 25.3 17.1 8.0 10.2 20.2 8.0 Capital Appreciation* 5.5 11.0 7.1 -11.2 22.4 12.2 11.4 Endi
Slide 27: Wholesale Distribution
DISTRIBUTION OVERVIEW Wholesale Distribution Wholesale Channel Net Flows By Vehicle (US$ Billions) Mutual Funds 6.4 — GQG’s mutual fund complex experienced annualized growth of 11.5% through flows in the For personal use only 6.1 first half of 2025 4.8 Separately Managed Accounts (SMA) — Retail SMA
Slide 28: Australian Distribution Success
AUSTRALIAN DISTRIBUTION SUCCESS For personal use only 3Y Net 3Y Net Flows Total FUM Global Equity Fund (Australia) Net Flows (A$ millions) Global Equity Funds (Australia) Flows % of (A$ Millions) (A$ Millions) Total FUM $1,500 $1,348 1 GQG Partners Global Equity Fund $2,665 $4,738 56% 2 Vinva Global
Slide 29: eVestment Views: Leading Indicator
DISTRIBUTION OVERVIEW eVestment Views: Leading Indicator EVESTMENT VIEW COUNT AND DISTRIBUTION GQG PARTNERS GQG PARTNERS GQG PARTNERS GQG PARTNERS For personal use only SCORE GLOBAL EQUITY INTERNATIONAL EQUITY EM EQUITY US EQUITY eVestment 1-Year View Count 3,140 1,534 2,162 1,295 eVestment 1-Year V
Slide 30: Conclusion
CONCLUSION We are passionate about investing For personal use only We will always endeavour to grow, learn, adapt, and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility thr
Slide 31: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or alloc
Slide 32: Important Information
IMPORTANT INFORMATION MSCI All Country World (Net) Index (MSCI ACWI) The MSCI All Country World (Net) Index (MSCI ACWI) captures large and mid-cap representation across 23 developed and 24 emerging markets countries. Developed countries Australia, Austria, Belgium, Canada, Denmark, Finland, France,
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