Value Partners Group Limited · HKEX:806
Value Partners — H1 2023 Earnings Presentation
19 slides from Value Partners's earnings presentation, Aug 11, 2023
Slide 1: 2023 Interim Results
A company listed on the Hong Kong Stock Exchange Stock code: 806 HK 2023 Interim Results For the period ended 30 June 2023 Results Presentation, 11 August 2023
Slide 2: Disclaimer
Disclaimer This document has been prepared by Value Partners Group Limited (the "Company") solely for use at the presentation. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should
Slide 3: Financial Review
Financial Review Ms. Nikita NG Chief Financial Officer 3
Slide 4: Financial Highlights
Financial Highlights Summary of 1H 2023 result: 1H 2023 1H 2022 • 2023 first-half results continue to be (Unaudited) (Unaudited) impacted by headwinds from interest (HK$ million) (HK$ million) % Change rate hikes, moderation of China’s post- Covid recovery, uncertainty around Total revenue 276.8 331
Slide 5: Assets under management (AUM)
Assets under management (“AUM”) AUM movement during 1H 2023 Key reasons for AUM movement: (US$ million) Beginning AUM 6,145 • Resilient flagship equity funds with proven long-term track records and Subscriptions 675 continuous inflow. Our flagship High- Redemptions (736) dividend stocks strategy’s A
Slide 6: AUM Analysis
AUM Analysis Classification by strategy (% of AUM) AUM by Strategy: 80% 73%74% • Equities: Continuous inflows into flagship equity funds, especially the 60% High-dividend stocks strategy and a 40% Chinese mandate from a European client 20% 13%13% 7% 5% 4% 4% 3% 4% 0% • Fixed income: Net outflows mai
Slide 7: Expense Analysis
Expense Analysis Total expenses (HK$ million) • Fixed operating expenses decreased by 4%, mainly on reduced staff costs as 1H 2023 Fixed Expenses = 161 part of our strategic business plan focusing on areas with growth potentials 1H 2023 111 22 9 19 7 8 3 12 191 • Other fixed operating expenses remai
Slide 8: Strong balance sheet and cash deployment strategy
Strong balance sheet and cash deployment 30 June 2023 31 Dec 2022 strategy (HK$ million) (Unaudited) (Audited) % Change Net Assets 4,434 4,494 -1.3% • Maintain a very strong balance sheet with cash-rich position • Cash & cash equivalents 1,521 1,666 -8.7% and zero debt • Investments 2,801 2,666 5.1%
Slide 9: Business and Strategy Updates
Business and Strategy Updates Ms. June WONG Chief Executive Officer 9
Slide 10: Industry macro trend 1: Short-term volatility due to macroeconomic headwinds, long-term opportunities remain
Industry macro trend 1: Short-term volatility due to macroeconomic headwinds, long-term opportunities remain • For the first half of 2023, global markets were faced with rising uncertainties arising from the banking woes in US and Europe and ongoing concerns over an imminent recession in the US. In
Slide 11: Industry macro trend 2: The growth potential of the wealth management market in Asia
Industry macro trend 2: The growth potential of the wealth management market in Asia Asia’s booming affluent segments introduce new opportunities in Asia’s wealth management industry • In 2021, the wealth pool of households with investable assets of US$100,000 to US$1 million in Asia totaled US$2.7
Slide 12: Industry macro trend 3: ESG AUM continue to climb in Asia
Industry macro trend 3 : ESG AUM continue to climb in Asia • Asia’s ESG AUM climbed for three consecutive quarters, and equities continue to be the major asset class within the Asia ESG universe • We expect ESG AUM growth to remain stable, given the following: • Solid appetite for Asia ESG strategie
Slide 13: Value Partners' key strategies
Value Partners’ 3 key strategies Business and Asset classes ESG development strategic development diversification and expansion 13
Slide 14: Business and strategic development
Business and strategic development Hong Kong headquarters & overseas China Enhance client relationships and reach • Continue to focus on the insurance segment, with an advisory mandate that has proven successful with good AUM growth • Despite the dampened market, our banking partners continued to su
Slide 15: Value Partners' key strategies
Value Partners’ 3 key strategies Business and strategic Asset classes ESG development development diversification and expansion 15
Slide 16: Diversification and growth from product suite expansion
Diversification and growth from product suite expansion To grow the alternative Strengthen fixed income Build and enhance Asia- franchise investment offerings focused ESG capabilities • Launched a Greater Bay Area- • Launch of a Money Market • Launched our first Article 8 fund, the focused alternati
Slide 17: Value Partners' key strategies
Value Partners’ 3 key strategies Business and strategic Asset classes ESG development development diversification and expansion 17
Slide 18: Value Partners' Responsible Investing mission and journey
Value Partners’ Responsible Investing mission and journey Value Partners seeks to integrate ESG considerations in every investment decision we make, as we believe Responsible Investing is fundamental to long-term risks and returns. 2020 2022 2023 Pipelines & onward: • Established a dedicated ESG inv
Slide 19: Contact Information
Contact Information Value Partners Group Limited 43rd Floor, The Center, 99 Queen’s Road Central, Hong Kong www.valuepartners-group.com ir@vp.com.hk Follow us on ValuePartnersGroup ValuePartnersGroup 惠 理集团 19