Agf Management Limited Class B · TSX:AGF.B
Agf Management Limited Class B — Q4 2021 Earnings Presentation
13 slides from Agf Management Limited Class B's earnings presentation, Jan 26, 2022
Slide 1: AGF Management Limited Earnings Conference Call Fourth Quarter 2021
AGF Management Limited Earnings Conference Call Fourth Quarter 2021 January 26th, 2022
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The forward looking information is provided as of January 26, 2022. Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the meaning of securit
Slide 3: Conference Call Participants
Conference Call Participants Presenting Kevin McCreadie, CFA, MBA Chief Executive Officer & Chief Investment Officer Adrian Basaraba, CPA, CA, CFA Senior Vice-President & Chief Financial Officer Available for questions Judy G. Goldring, LL.B, LL.D, ICD.D President & Head of Global Distribution 3
Slide 4: Today's Discussion
Today’s Discussion • Highlights of the 4th Quarter and Fiscal 2021 • Business Updates • Financial Results • Capital & Liquidity • Focus & Priorities 4
Slide 5: Fiscal 2021 Highlights
Fiscal 2021 Highlights Continued progress toward stated objectives Evolved relationship Assets1 reached Over $1.4 billion with our largest $42.6 billion of mutual fund net sales Strategic Partner Positioned to Adjusted diluted Awards Winner accelerate growth in EPS of $0.55 Lipper Fund Award3 Privat
Slide 6: Line of Business Performance
Line of Business Performance: Assets Under Management and Fee-earning Assets1 ($ millions) Q4 2020 Q4 2021 Change Mutual funds 20,322 24,006 18% Institutional, Sub-advisory & ETF 9,638 9,371 (3%) Private Client 6,043 7,077 17% Private Alternatives2 2,265 2,181 (4%) Total AUM and fee-earning assets 3
Slide 7: Mutual Fund Business Review
Mutual Fund Business Review Industry Sales ($B)1 AGF Retail Mutual Fund Sales ($M)2 Gross Sales Net Sales Gross Sales Net Sales 1,033 1,032 100 +39% 95 YoY +46% YoY +18% +61% 900 YoY YoY 83 79 790 67 648 57 490 +$289 431 40 YoY 376 +$292 355 33 33 YoY 288 22 11 11 66 (4) Q3 2020 Q4 2020 Q1 2021 Q2 2
Slide 8: Financial Results
Financial Results1,2 Sequential Quarter Year Over Year Q4-21 Q3-21 Variance FY2021 FY2020 Variance ($ millions, except per share amounts) Revenue 121.9 123.1 (1.0%) 461.6 393.7 17.2% SG&A 49.9 50.1 0.4% 195.1 174.7 (11.7%) Trailers and Subadvisory 36.5 35.5 (2.8%) 138.8 119.1 (16.5%) EBITDA before C
Slide 9: Financial Results – BPS Detail
Financial Results – BPS Detail1,2 (bps of average AUM) Q4-21 TTM Average AUM excl. Private Alternatives ($B)3 40.5 38.8 Average Mutual Fund 23.9 22.5 Average Institutional, Sub-Advisory, ETFs & 16.6 16.3 Private Client Revenue (bps)4 114 113 Less: Trailer Fees (bps) 36 36 SG&A (bps)5 50 51 EBITDA be
Slide 10: Capital & Liquidity
Capital & Liquidity1 60 400% 350% 55 50 52 300% 46 46 40 42 250% ($ millions) 200% 30 150% 20 100% 53% 57% 50% 45% 43% 50% 10 0% - -50% TTM Q4-FY20 TTM Q1-FY21 TTM Q2-FY21 TTM Q3-FY21 TTM Q4-FY21 TTM FCF TTM Dividend to FCF % (1) Free cash flow represents cash available for distribution to our share
Slide 11: 2022 Focus & Priorities
2022 Focus & Priorities Build a diversified Deliver consistent Maintain sales private and repeatable momentum and alternatives investment generate net business with performance inflows $5 billion in assets1 Meet expense guidance Enhance while continuing Corporate to invest in key Sustainability grow
Slide 12: Thank You!
Thank You! To learn more about AGF’s history visit: www.agf.com/ca/en/about- agf/our-story
Slide 13: Disclaimer
DISCLAIMER AGF Global Convertible Bond Fund (Series F): AGF Global Convertible Bond Fund (F Series) was awarded the 2021 Refinitiv Lipper Fund Award in the High Yield Fixed Income category for the three- and five-year periods out of a classification total of 55 and 51 funds, respectively, for the pe