Guardian Directed Equity Path Portfolio (GGEP.F) · TSX:GGEP.F
Guardian Directed Equity Path Portfolio (GGEP.F) — Guardian Capital Group — Shareholder Meeting (May 2021)
29 slides from Guardian Directed Equity Path Portfolio (GGEP.F)'s shareholder meeting presentation, May 13, 2021
Slide 1: Annual Meeting of Shareholders
Guardian Capital Group Limited ANNUAL MEETING OF SHAREHOLDERS George Mavroudis | President and Chief Executive Officer May 13, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain “forward-looking statements” with respect to Guardian Capital Group Limited and its products and services, including its business operations and strategy and financial performance and condition. These statements, characterized by such words as
Slide 3: The Guardian of Today
The Guardian of Today Growth Quality Ecosystem
Slide 4: Guardian's Businesses
Guardian’s Businesses March 31, 2021 Corporate Activities and Investments GUARDIAN CAPITAL GROUP Total Client Assets • Management expertise, financing, coordination of business activities $76.3 Billion and support • Shareholders’ equity: $737 million (2020 - $563M) • Securities holdings: Investment
Slide 5: Guardian's Fee-Generating Assets
Guardian’s Fee-Generating Assets Assets Under Management Assets Under Administration As at period end ($ billions) As at period end ($ billions) $47.6 $46.0 $28.7 $31.1 $22.3 $27.3 $27.3 $27.0 $20.2 $17.8 $17.4 $16.5 2016 2017 2018 2019 2020 Q1 2021 2016 2017 2018 2019 2020 Q1 2021
Slide 6: 2020 Financial Statement Highlights
2020 Financial Statement Highlights % Increase / ($ millions, except per share amounts) 2020 2019 Decrease Net revenues $ 215.8 $ 186.1 16% Operating earnings $ 54.8 $ 48.9 12% EBITDA attributable to shareholders¹ $ 70.3 $ 63.2 11% AUM $ 45,984 $ 31,147 48% AUA $ 22,289 $ 20,248 10% Shareholders’ eq
Slide 7: Q1 2021 Financial Statement Highlights
Q1 2021 Financial Statement Highlights % Increase / ($ millions, except per share amounts) 2021 2020 Decrease Net revenues $ 64.7 $ 49.9 30% Operating earnings $ 17.5 $ 10.8 62% EBITDA attributable to shareholders¹ $ 21.2 $ 14.4 47% AUM $ 47,643 $ 27,527 73% AUA $ 28,680 $ 18,152 58% Shareholders’ e
Slide 8: Financial Highlights
Financial Highlights Net Revenue Operating Earnings For the years ended December 31 ($ millions) For the years ended December 31 ($ millions) $215.8 $54.8 $186.1 $48.2 $48.9 $171.5 $46.3 $44.7 $151.2 $142.7 $64.7 $17.5 $41.5 $44.3 $49.9 $35.1 $38.6 $11.4 $12.5 $10.5 $11.2 $10.8 2016 2017 2018 2019 2
Slide 9: Diversified Revenue Sources
Diversified Revenue Sources Revenue by type for the years ended: $65.0 million $132.9 million $215.8 million 8% 10% 8% 4% 16% 23% 24% 16% 9% 64% 59% 60% December 31, 2010 December 31, 2015 December 31, 2020 Other MGA Revenues Dividend and Interest Asset-Based Revenues
Slide 10: Operating Earnings by Segment
Operating Earnings by Segment $60.00 $54.84 $46.39 $7.14 $50.00 $44.67 $38.14 $10.46 $40.00 $13.52 $12.17 $30.00 $20.14 $47.70 $20.00 $13.54 $35.93 $10.62 $31.14 $25.97 $10.00 $9.83 $9.52 $3.71 $- 2010 2012 2014 2016 2018 2020 Total Operating Businesses Corporate Operating earnings for the years end
Slide 11: Return to Shareholders: Dividends
Return to Shareholders: Dividends Quarterly Dividends Per Share Total Annual Dividends Paid For the periods shown ($ per share) For the periods shown ($ millions) $0.180 $16.8 $0.160 $15.5 $0.150 $13.3 $0.125 $0.100 $9.7 $8.6 $0.085 $3.4 $2.2 $2.5 $2.8 $1.9 $3.4 $4.0 $4.3 $2.2 $2.5 $2.8 2016 2017 20
Slide 12: Return to Shareholders: Share Buybacks
Return to Shareholders: Share Buybacks Share Buybacks Shares Average (in 000’s) Price (in $’s) For the periods ended ($ millions) Outstanding at Jan. 1, 2013 33,044 $26.0 2013 (574) $13.73 $23.9 2014 (324) $17.45 2015 (817) $17.62 2016 (1,173) $20.35 15.2 $14.4 2017 (632) $24.08 $13.5 2018 (1,118) $
Slide 13: Managing Our Investment Portfolio
Managing Our Investment Portfolio Securities Guardian Capital Proprietary Strategies (in $ millions | Total $654) (in $ millions) | Total $349 $23 $24 $24 $12 $12 $258 $88 $213 $349 Bank of Montreal, 39% Proprietary Strategies, 53% Global & US Equity (61%) Emerging Markets Equity (25%) Other Equitie
Slide 14: Investment Management
Investment Management Guardian Capital LP $18.1 billion in AUM1 Canadian Equities, Global Equities, Canadian Fixed Income, Balanced Solutions GuardCap Asset Management Limited $12.2 billion in AUM1 • $43.7 billion1 in Institutional AUM2 Global Equities, Emerging Markets Equities • Competitive invest
Slide 15: Distribution Channels of our Investment Management Business
Distribution Channels of our Investment Management Business Institutional 63% $27.4 billion Guardian Capital Group Financial 11% Intermediary – $43.7 billion in AUM Sub-Advisory $4.8 billion Financial Intermediary - 26% WRAP $11.5 billion As at March 31, 2021
Slide 16: Investment Management
Investment Management AUM and Revenue by Type AUM and Revenue by Distribution Channels 26.4% 29.7% 45.5% 67.9% 10.9% 12.6% 36.8% 62.6% 57.7% 22.6% 17.8% 9.6% AUM Revenue AUM Revenue Canadian Equities Fixed Income Global Equities Institutional Sub-Advised Mutual Funds Wrap As at and for the 3 months
Slide 17: Institutional Investment Solutions
Institutional Investment Solutions CANADIAN GLOBAL FIXED EQUITIES EQUITIES INCOME $7.8 billion $19.9 billion $16.0 billion I N V E S T M E N T S T R AT E G I E S • Systematic Strategies (i3) • Core • Large Cap Core • Fundamental Global & • Liability Driven • Growth Emerging Market Equity • Short Dur
Slide 18: Institutional AUM and Revenue: By Geography
Institutional AUM and Revenue: By Geography 94.5% 4.0% 3.8% 8.6% 1.6% 15.4% 17.2% 18.3% 19.8% 35.3% 33.7% 94.4% 77.9% 71.6% 49.3% 49.1% 32.1% December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 Revenue: Canada Revenue: U.S., Europe, Asia & Australia Canadian Client
Slide 19: Strategic Initiatives – Patient Organic Growth
Strategic Initiatives – Patient Organic Growth GuardCap's AUM & Operating Earnings Operating GuardCap’s Client Segmentation ($millions) Earnings Q1 2021 AUM $14,000 $14.0 $165 (1%) $13.1 $12,178 Institutional $12,000 $12.0 $3,354 Retail Intermediary $10,740 (27%) Private Wealth $10,000 $10.0 $8,000
Slide 20: Strategic Investments – Canadian Retail Asset Management
Strategic Investments – Canadian Retail Asset Management GUARDING YOUR PROSPERITY JOURNEY • Recruited strong talent with track record of industry leading innovation • Solutions focused on products that meet different phases of an investor’s financial lifecycle – accumulation and decumulation • Decum
Slide 21: Wealth Management
Wealth Management Mutual Fund & Securities Dealerships $15.8 billion in AUA1 Over 850 advisors and more than 125,000 clients • $28.7 billion in AUA1 • $3.9 billion in AUM1 Life Insurance MGA • Diversified Wealth $7.5 billion in AUA1 Management business More than 4,000 advisors $1.5 billion of Premiu
Slide 22: Wealth Management
Wealth Management Revenue as % of Guardian’s Operating Earnings as a % of Guardian’s Total Revenue Total Operating Earnings 43% 39% Wealth Management Wealth Management To reflect its current operating structure, in Q1 2021 Guardian restructured it’s operating segments, and reclassified the Private W
Slide 23: Wealth Management – Growing and Predictable Revenues
Wealth Management – Growing and Predictable Revenues Wealth Management Revenue and Non-Asset Based Recurring Revenues ($ millions) • The Wealth Management Segment has a growing stream of non-asset based $97.7 recurring revenues $86.3 • These revenues include the commissions $76.2 earned on renewal o
Slide 24: IDC Worldsource Insurance Network Inc. (IDC WIN)
IDC Worldsource Insurance Network Inc. (IDC WIN) Leading Market Position & Favourable Industry Dynamics Large National Network • Success in consolidating smaller players while growing • Stable, long-standing relationships with Canada’s largest organically has driven IDC WIN to a top 3 position in th
Slide 25: Managing General Agency – IDC WIN
Managing General Agency – IDC WIN Operating Earnings Key Financial Metrics ($ millions) • Premiums in force are approximately $1.5 billion • AUA has grown from $1.6B in 2011 to $7.5B at the $20.00 $17.48 end of Q1 2021 $18.00 $16.00 • Growing recurring revenue stream – Renewal commissions represent
Slide 26: Strategic Investments – Guardian Partners Inc.
Strategic Investments – Guardian Partners Inc. WEALTH MANAGEMENT FOR THE ULTRA HIGH NET WORTH • Acquisition of an Outsourced Chief Investment Officer (OCIO) business adding over $5B in client assets • Provide highly specialized investment solutions and advice for UHNW, family offices, endowments and
Slide 27: Strategic Acquisitions
Strategic Acquisitions Guardian has made a number of strategic acquisitions which complement our organic growth strategies, investing over $150 million over the past decade. 2011 Acquisition of 2018 2020 Acquisition of BNY Mellon’s GuardCap, a UK- Canadian wealth management based institutional busin
Slide 28: Guardian Capital Group at a glance
Guardian Capital Group at a glance STABILITY TRUSTWORTHINESS INTEGRITY GUARDIAN CAPITAL GROUP Securities Market $47.6 Holdings of $28.7 Capitalization CAD Billion AUM1 $654 CAD Billion $860 • Servicing a growing eco- Million1 AUA1 Million2 system of clients and over 5,000 independent advisors • Expa
Slide 29: Explore the world of Guardian Capital
Explore the world of Guardian Capital guardiancapital.com
Guardian Capital Group — Shareholder Meeting (May 2021) on 6ix