Australian Ethical Investment Ltd · ASX:AEF
Australian Ethical Investment — Shareholder Meeting (November 2023)
37 slides from Australian Ethical Investment's shareholder meeting presentation, Nov 15, 2023
Slide 1: Australian Ethical 2023 AGM Speeches & Presentation slides
ASX: AEF Wednesday, 15 November 2023 Australian Ethical 2023 AGM Speeches & Presentation slides ASX Announcement For personal use only The Chair and Managing Director’s speeches and presentation slides (including details of proxy votes received) are attached. This announcement is authorised by Karen
Slide 2: Stephen Gibbs, Chair
Stephen Gibbs, Chair At the start of my address to last year’s AGM I said that financial year 2022 was a challenging year for Australian Ethical as it was for almost all investment managers and superannuation funds. And I also said that the challenges had continued into the first part of financial year
Slide 3: Chair speech: divestment and engagement
Anyway, as you know we did end up divesting from Lendlease because we were not satisfied that Lendlease was taking appropriate steps to protect the Koala colony that will be impacted by the development. And that leads me to make a comment about divestment. There are many within the investment communi
Slide 4: Chair speech: future of ethical investing
These are just 3 examples of our significant stewardship program. I now want to spend a couple of minutes commenting on the future of ethical investing-or responsible or sustainable or Environmental Social and Governance (commonly referred to as ESG) investing. There are those who seem to be arguing
Slide 5: Chair speech: fund flows and FY23 result
And speaking of inflows and outflows it has been noted in one report on our company that organic growth decreased in financial year 2023 compared to the previous financial year. True but flows were still substantially positive at a time when we know that many Investment managers are experiencing negative
Slide 6: John McMurdo, Managing Director
John McMurdo, Managing Director Thanks Steve, I’d also like to acknowledge the Traditional Owners of the Country on where we meet today, the Gadigal people of the Eora Nation, pay my respects to Elders past and present and thank them for protecting Country - since time immemorial. Good morning, ever
Slide 7: Managing Director speech: purpose and opportunity
Australian Ethical is more important than ever before – and indeed I would argue we need many more “Australian Ethical’s” around the globe. • And while we are driven by a burning desire and a clear purpose to create a better world – at the same time we remain deeply convicted that ethical investing
Slide 8: Business Performance and FY23 Highlights
Business Performance and FY23 Highlights In terms of business performance and highlights from the past financial year, it has been a year of many, many highlights and a couple of misses too, which I always prefer to be candid about. In the first half of the year we chose to write down our investment
Slide 9: FY23 highlights: flows, performance, advised channel
• While several fund managers were recording net outflows, given the challenging economic environment, we continued to attract month-on-month positive retail flows. • Investment performance admittedly was uncomfortably below benchmarks in the first half of the year given the spike in oil prices and
Slide 10: FY23 highlights: brand and distribution
increasingly positively rated by external research houses and asset consultants – allowing us to expand our channel mix beyond direct to consumer. • Our brand is moving from strength to strength – from increased brand awareness in the consumer market, maintaining our lead with advisers as the most k
Slide 11: Outlook and strategy execution
We will continue to execute both our medium-term strategy and the near-term opportunities that are clear to us, including new growth options, but also back-office synergy opportunities created through the SFT and other activities we have delivered. I also want to be realistic about the broader pictu
Slide 12: FY23 Annual General Meeting
Y23 Annual General Meeting r personal use only
Slide 13: Acknowledgement of Country
Australian Ethical acknowledges the Traditional Owners of the Country on which we meet, the Gadigal people of the Eora Nation. We pay our respects to Elders past and present and thank them for protecting Country — since time immemorial.
Slide 14: Australian Ethical
Ajuo asn jeuosiad Jo AS Australian Ethical
Slide 15: Investing for a better world
Investing for a better world
Slide 16: For personal use only
For personal use only Conflict in Middle East NEWSROOM could bring ‘dual shock’ to global commodity markets Climate change widespread, rapid, and intensifying – IPCC Crushing Indigenous hopes, Australia rejects ‘Voice’ referendum
Slide 17: Ethical investing can deliver attractive returns and progress
For personal use only ana | AS CC Ethical investing can deliver both attractive investment returns and influence progress towards a better future for the planet and all its inhabitants.
Slide 18: Pushing Boral to do better
Boral investors urge it to stay the course on green transition Pushing Boral to do better
Slide 19: Australian Ethical walks away from Lendlease over koala development
Australian Ethical walks away from Lendlease over koala development
Slide 20: Business performance and FY23 highlights
Business performance and FY23 highlights For personal use onl
Slide 21: FY23 results
FY23 results Consistent and disciplined strategic execution + is yielding strong results ly Strong FUM & customer growth Diversification of channels & products, driving a more resilient business Solid investment performance despite challenging market conditions Full year profit at upper end of guida
Slide 22: Strategy delivering strong momentum into FY24
FY23 results + Strategy delivering strong momentum into FY24 $9.2bn S Strong second half revenue and profit uplift Record FUM ce Operating leverage emerging following Christian Super SFT ©) ®o g +22% +38% | $92m Cc a 2H revenue 2H UPAT revenue run rate pea increase increase at 30 June 2023 oO lok —_
Slide 23: FY23 operational highlights
FY23 operational highlights Progressed M&A strategy with Christian Super SFT +28.000 +81. 93bn nena $0,65bn° positive organic net flows (excl. institutional) Reached milestones of $9bn $7bn total FUM in super FUM + Excludes Cision Super FUM unit of 19360 investment Tends Super Member Engagement Repo
Slide 24: Our Foundation supports charities combatting climate change
Our Foundation supports charities combatting climate change Accounting for Nature > Protecting our ec native environment (oe) 39 and cultural heritage Visionary grants ® “ ”) l 5 = Y) srateg $500k a Strategic grants = * provided to innovative projects he Fistula i i ) + fighting climate change qroun
Slide 25: Looking forward to the future
Looking forward — to the future For personal use only 7 z &
Slide 26: For personal use only
Alison George Head of Impact and Ethics Ross Piper Chief Executive Superannuation For persona Ludo Theau Chief Investment Officer Conrad Tsang Chief Technology Officer Australian Ethical AS
Slide 27: Impact investments in our portfolios
Impact investments in our portfolios AS EA OW
Slide 28: Media coverage
ANALYSIS ‘Just better investing’: For personal use only How top ethical fund picks its winners Don’t get ‘stranded’ with fossil fuel Australia’s top companies back stocks as transition gains pace: Indigenous Voice as public support wavers Australian Ethical
Slide 29: Customer service team and awards
Customer service team Cx = 4) AWARDS For personal use only Australian Ethical AS
Slide 30: Certified Corporation
For personal use only MCRNINGSTAR Certified Corporation
Slide 31: For personal use only
For personal use only
Slide 32: For personal use only
5 © >~ —< = ae) ao ue E reuosiad 10
Slide 33: Questions?
Questions? Ajuo asn yeuosised J04
Slide 34: Resolution: Remuneration Report
Resolution 2 25,297,759 | That the Remuneration Report for the financial year ended 30 June 2023 be adopted. Open 388,281 Against 5,446,551 ana | AS
Slide 35: Resolution: Re-election of Stephen Gibbs
Resolution 3 25,875,418 | That Stephen Gibbs, Director, be re-elected as a Non-executive Director of the Company. Open 386,472 Against 5,038,549
Slide 36: Resolution: Election of Sandra McCullagh
Resolution 4 29,334,229 That Sandra McCullagh, Director, be elected as a Non-executive Director of the Company. Open 414,658 Against 1,550,975 Abstain 23,012 ana | AS
Slide 37: Australian Ethical
Ajuo asn jeuosiad Jo AS Australian Ethical
Australian Ethical Investment — Shareholder Meeting (November 2023) on 6ix