Schroders Plc · LSE:SDR
Schroders — Shareholder Meeting (April 2024)
16 slides from Schroders's shareholder meeting presentation, Apr 25, 2024
Slide 1: Welcome to the 2024 Annual General Meeting
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Welcome to the 2024 Annual General Meeting Marketing material for professional clients only.
Slide 2: Dame Elizabeth Corley, Chair
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Dame Elizabeth Corley Chair
Slide 3: Peter Harrison, Group Chief Executive
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Peter Harrison Group Chief Executive
Slide 4: Resilient top line performance and strong cost discipline
Resilient top line performance and strong cost discipline Operating profit impacted by FX and share of profits from associates and JVs 2023 2022 Net operating income (£m) 2,419.0 2,475.5 Operating expenses (£m) (1,758.0) (1,752.5) Strategic growth areas generated Operating profit (£m) 661.0 723.0 NN
Slide 5: Strong discipline on cost management continues
Strong discipline on cost management continues Evolving our operating model to reshape for future growth Operating expenses £m Managing our cost base +0% 1,752.5 1,758.0 2023 operating expenses stable despite increased scale, acquisitions 631.3 645.6 and inflationary pressures Continued focus on org
Slide 6: Executing on our strategic transformation
Executing on our strategic transformation Our strategic areas of focus have grown from 35% of our Operating … to 56% AUM… 2023 of our AUM revenue 2016 contribution up from £453.6bn 31% in 2016 to £750.6bn 48% in 2023 Wealth Private Markets Solutions Public Markets Management
Slide 7: Strategic priorities driving growth
Strategic priorities driving growth Differentiated strategy to pivot to higher longevity areas AUM and compound annual growth rate (CAGR) by business £bn 250 30% 237.7 228.3 200 20% 150 17% 16% 13% 100 110.2 108.2 10% 7% 50 66.2 1% 0 0% Wealth Management Private Markets Solutions Public Markets JVs
Slide 8: Moving forward
Moving forward Sustainability Employee proposition Innovation ‘A’ rated by CDP 6,700+ #1 Employee Launched 80+ distinct use ‒ top 2% of engagements Choice cases of our AI industry first companies with investee non-US firm Award in tool for action and in NMG brand LTAFs transparency on companies 2023
Slide 9: 2024 and beyond
2024 and beyond Continue our pivot to areas of Focused on maintaining cost strategic growth discipline to support growth Launch of £250m Tier 2 Forecast for global markets and subordinated debt economy remain mixed
Slide 10: Dame Elizabeth Corley, Chair
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Dame Elizabeth Corley Chair
Slide 11: Resolutions
Resolutions 1 To receive the Annual Report and Accounts 12 To re-elect Deborah Waterhouse 2 To declare the final dividend 13 To re-elect Matthew Westerman 3 To approve the remuneration report 14 To re-elect Claire Fitzalan Howard 4 To elect Iain Mackay 15 To re-elect Leonie Schroder 5 To elect Richa
Slide 12: Graham Staples, Group Company Secretary
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Graham Staples Group Company Secretary
Slide 13: Resolutions
Resolutions 1 To receive the Annual Report and Accounts 12 To re-elect Deborah Waterhouse 2 To declare the final dividend 13 To re-elect Matthew Westerman 3 To approve the remuneration report 14 To re-elect Claire Fitzalan Howard 4 To elect Iain Mackay 15 To re-elect Leonie Schroder 5 To elect Richa
Slide 14: Questions & Answers
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Questions & Answers
Slide 15: Thank you
SCHRODERS PLC ANNUAL GENERAL MEETING 25 April 2024 Thank you
Slide 16: Forward looking statements
Forward looking statements These presentation slides may contain forward-looking statements with respect to the financial condition, performance and position, strategy, results of operations and businesses of the Schroders Group. Such statements and forecasts involve risk and uncertainty because the