Slide 1: Half-Year Results 2023 Data Pack
HALF-YEAR RESULTS 2023 27 July 2023 Data Pack
Slide 2: Contents
Contents Page Assets under management (AUM) 3–5 Regional diversification of AUM 6 Total AUM by business area, region and product 7 Gross and net flows 8–9 Currency profile of AUM 10 Asset Management AUM – detailed business area analysis 11–13 Asset Management net flows by business area 14 Asset Mana
Slide 3: Assets under management (AUM)
Assets under management (AUM) £726.1 billion at 30 June 2023 Asset Management Wealth Management Total AUM (excl. Total AUM (incl. £bn Associates and JVs Total Total Associates and JVs) Associates and JVs) 1 January 2023 518.4 98.1 616.5 121.0 737.5 Net flows 2.0 3.7 5.7 (5.3) 0.4 Investment returns
Slide 4: Asset Management AUM
Asset Management AUM £609.8 billion at 30 June 2023 Asset Management Asset Management Schroders Schroders Mutual Asset Management £bn Institutional Total (excl. Total (incl. Capital Solutions Funds Associates and JVs Associates and JVs) Associates and JVs) 1 January 2023 68.3 210.2 100.8 139.1 518.4
Slide 5: Wealth Management AUM
Wealth Management AUM £116.3 billion at 30 June 2023 Total (excl. Associates and Total (incl. £bn Advised Platform Managed Associates and JVs) JVs Associates and JVs) 1 January 2023 60.4 17.3 20.4 98.1 13.3 111.4 Net flows 2.4 0.4 0.9 3.7 0.2 3.9 Investment returns 0.6 0.2 – 0.8 0.2 1.0 30 June 2023
Slide 6: Regional diversification of AUM
Regional diversification of AUM1 £726.1 billion at 30 June 2023 UK2 £342.7bn North America2 EMEA £81.0bn £106.3bn Asia Pacific2 £186.0bn South America £10.1bn 1By client domicile. 6 2Associates and JVs AUM comprises of £93.0 billion in Asia Pacific, £13.7 billion in the UK and £1.1 billion in North
Slide 7: Total AUM by business area, region and product
Total AUM by business area, region and product Assets under management £726.1 billion By business area By region1 By product 9% 13% 9% 29% 30% 14% 17% 15% 46% 14% 18% 19% 26% 15% 26% Schroders Solutions UK Equities Institutional Asia Pacific Multi-asset Associates and JVs Fixed Income EMEA Middle Ea
Slide 8: Gross inflows excl. Associates and JVs
Gross inflows excl. Associates and JVs Half-yearly £bn 80 72.4 59.2 60.7 60 55.7 40 20 0 H2 2021¹ H1 2022 H2 2022 H1 2023 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management 1Wealth Management inflows have been restated to reflect the basis on which contractual revenues
Slide 9: Net flows excl. Associates and JVs
Net flows excl. Associates and JVs Half-yearly £bn 16 4.4 5.7 12 5.6 8 4 0 (4) (8) (6.0) (12) H2 2021¹ H1 2022 H2 2022 H1 2023 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management 1Wealth Management net flows have been restated to reflect the basis on which contractual r
Slide 10: Currency profile of AUM excl. Associates and JVs
Currency profile of AUM excl. Associates and JVs Assets under management £618.3 billion GBP 2% 7% 2% USD¹ 2% 2% EUR 3% JPY 43% 12% AUD CNY CHF TWD 27% Other² 1USD includes other currencies pegged to USD, including HKD. 10 2Includes the following currencies which individually constitute 1% of AUM: KR
Slide 11: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £515.7 billion excl. Associates and JVs Schroders Capital Schroders Solutions Mutual Funds Institutional £68.2bn £212.1bn £100.4bn £135.0bn Real Estate 37% Multi-asset 79% Equities 62% Equities 78% Private Debt 30% Fixed
Slide 12: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £515.7 billion excl. Associates and JVs Schroders Capital Schroders Solutions Mutual Funds Institutional £68.2bn £212.1bn £100.4bn £135.0bn EMEA 44% UK 80% EMEA 35% Americas 37% UK 39% Asia Pacific 10% Asia Pacific 27% As
Slide 13: Asset Management AUM – detailed asset class analysis
Asset Management AUM – detailed asset class analysis Assets under management £515.7 billion excl. Associates and JVs Equities Multi-asset Fixed income Private Assets & £188.6bn £179.5bn £79.4bn Alternatives £68.2bn Global 26% Risk mitigation 46% US 26% Real estate 37% Asia Pacific 23% Risk controlle
Slide 14: Asset Management net flows by business area
Asset Management net flows by business area £2.0 billion at 30 June 2023 excl. Associates and JVs £bn 8 6.3 6 4 1.8 2 0 (2) (0.8) (4) (6) (5.3) (8) Schroders Capital Schroders Solutions Mutual Funds Institutional Equities Fixed Income Private Assets & Alternatives Multi-asset 14 Schroders Half-Year
Slide 15: Schroders Capital – gross and net flows
Schroders Capital – gross and net flows Assets under management £68.2 billion £bn 12.0 10.0 10.0 8.0 7.5 5.6 6.1 6.0 5.4 4.4 4.8 4.1 4.0 2.5 1.6 1.8 2.0 0.9 0.0 (2.0) (4.0) (3.2) (3.1) (3.1) (3.6) (6.0) (4.5) (5.2) H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 Gross inflows Gross outflows Net flow
Slide 16: Schroders Solutions – gross and net flows
Schroders Solutions – gross and net flows Assets under management £212.1 billion £bn 35.0 25.2 25.0 20.1 13.0 14.3 15.0 9.4 10.3 6.3 6.3 5.0 0.7 (5.0) (0.4) (1.1) (6.5) (9.8) (11.4) (15.0) (12.3) (13.8) (18.9) (20.8) (25.0) H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 Gross inflows Gross outflows
Slide 17: Mutual Funds – gross and net flows
Mutual Funds – gross and net flows Assets under management £100.4 billion £bn 40.0 30.0 27.8 20.2 20.5 19.3 20.0 14.4 15.5 10.0 6.4 1.7 1.7 0.0 (2.9) (3.0) (0.8) (10.0) (20.0) (16.3) (18.5) (18.8) (17.4) (21.4) (22.2) (30.0) H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 Gross inflows Gross outflow
Slide 18: Institutional – gross and net flows
Institutional – gross and net flows Assets under management £135.0 billion £bn 20.0 14.6 14.3 15.0 13.0 10.7 10.0 10.4 10.0 5.0 0.7 1.0 0.3 0.0 (5.0) (3.5) (5.3) (10.0) (7.6) (15.0) (12.3) (13.6) (14.2) (14.0) (15.7) (20.0) (17.6) H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 Gross inflows Gross o
Slide 19: Wealth Management excl. Associates and JVs
Wealth Management excl. Associates and JVs Assets under management £102.6 billion AUM by client size Gross and net flows £bn 12.0 12% 10.2 9.3 6% 7.9 8.0 6.6 7% 41% 4.1 3.8 3.7 4.0 7% 1.6 11% 0.0 7% 9% (4.0) (4.1) (5.0) (5.6) <£1m £1m-£5m (8.0) (6.1) £5m-£10m £10m-£25m H2 2021¹ H1 2022 H2 2022 H1 20
Slide 20: Net operating revenue and margins – Asset Management
Net operating revenue and margins – Asset Management Asset Management operating profit £265.5 million £m FY 2022 H1 2022 H1 2023 Net operating revenue (excl. performance fees and net carried interest) − £m 1,908.0 962.3 927.2 Performance fees − £m 42.6 15.8 13.1 Net carried interest − £m 16.5 5.3 19
Slide 21: Income statement progression
Income statement progression Asset Management operating profit £265.5 million £m H1 2022 H2 2022 H1 2023 Net operating revenue 983.4 983.7 959.8 Share of profit of associates and joint ventures 37.9 35.7 33.9 Other net operating income 16.5 11.5 2.3 Net operating income 1,037.8 1,030.9 996.0 Operati
Slide 22: Income statement progression
Income statement progression Wealth Management operating profit £75.9 million £m H1 2022 H2 2022 H1 2023 Net operating revenue 194.6 199.7 210.0 Share of profit of associates and joint ventures 3.7 0.3 1.0 Other net operating income 4.2 4.3 4.9 Net operating income 202.5 204.3 215.9 Operating expens
Slide 23: Cost and return metrics
Cost and return metrics Total costs FY 2022 H1 2022 H1 2023 Operating expenses (£m) 1,752.5 833.4 870.5 Central costs (£m) 48.8 23.2 23.4 1,801.3 856.6 893.9 Operating expenses ratio 71% 67% 72% Operating expenses ratio = operating expenses divided by net operating income Headcount 6,434 6,272 6,386
Slide 24: Thank You
THANK YOU