Allianz Smart Global Equity Active UCITS ETF Accum USD · LSE:AZGQ
Allianz Smart Global Equity Active UCITS ETF Accum USD — Allianz Global Investors — FY2008 Earnings Presentation
20 slides from Allianz Smart Global Equity Active UCITS ETF Accum USD's earnings presentation, Mar 3, 2009
Slide 1: Allianz Global Investors' Annual Press Briefing
Allianz Global Investors' Annual Press Briefing London, March 3, 2009
Slide 2: AllianzGI Annual Press Conference – Joachim Faber, CEO
AllianzGI Annual Press Conference Joachim Faber Chief Executive Officer London, March 3, 2009
Slide 3: Unprecedented challenges for our clients in 2008…
Unprecedented challenges for our clients in 2008… Financial crisis and systemic …strong impact on our clients market failure has… Financial crisis now fully affects real Funding levels of corporate and individual economy, leading to a global slow-down pensions down by ~30%1 in 2008 and rising un
Slide 4: …and for the industry as a whole
…and for the industry as a whole Current Æ Flight to quality and highly liquid products observations Æ Focus on capital preservation led to increased investments in transparent low risk products (e.g., deposits, money market funds) Æ Sharp contraction in alternative market segment Æ Profitability of
Slide 5: While business conditions are challenging, AllianzGI is positioned to perform well
While business conditions are challenging, AllianzGI is positioned to perform well Our profitability enables us to shape our strategy and to keep the organisation well stabilized 1 Profitability and strong parent We will continue to invest in our business according to our client needs and strate
Slide 6: AllianzGI Business Model proven resilient in a turbulent environment
AllianzGI Business Model proven resilient in a turbulent environment Assets under Management EUR bn -5.2% +7.3% p.a. 942 971 970 920 733 764 2003 2004 2005 2006 2007 2008 © Copyright Allianz Global Investors AG 2009 - Februar 2009 - 6
Slide 7: AllianzGI is one of the world's largest active asset managers
AllianzGI is one of the world’s largest active asset managers AuM RANKINGS IN THE ASSET MANAGEMENT INDUSTRY EUR billion, 2008 AuM of world‘s largest financial institutions AuM of world‘s largest active asset managers 1 UBS 1,464 1 AllianzGI 920 2 Allianz Group 1,138 2 BlackRock 866 3 Barclays GI 1,0
Slide 8: Risk management is a core building block allowing AllianzGI to deliver its vision
Risk management is a core building block allowing AllianzGI to deliver its vision Vision To be the preeminent global asset manager by protecting and enhancing our clients‘ wealth Investments into risk management capabilities and processes Identify and manage Development of risk- Manage risks within
Slide 9: Key focus for AllianzGI to navigate the financial market volatility
Key focus for AllianzGI to successfully navigate the financial market volatility and emerge from it even stronger Play active role in industry consolidation (e.g., Aspire first quartile cominvest) financial performance Stay focused on over a full market cycle retirement opportunity Selectively
Slide 10: Key takeaways
Key takeaways Very challenging market and industry environment With robust profitability and a strong AuM position, our relative competitive position is strong We will hold true to our values of performance and client centricity We will focus on what we do best and stick to our strategic pri
Slide 11: Disclaimer
Disclaimer CAUTIONARY NOTE: Any opinion expressed in this document, or the oral presentation accompanying it, is held as at the date of this document, and any data mentioned is correct as at that date. Both may be subject to change without notification. Nothing in this document or the oral presentat
Slide 12: Financials & Business Results
Financials & Business Results AllianzGI Annual Press Conference Marna Whittington Chief Operating Officer London, March 3, 2009
Slide 13: AllianzGI's profit declined to EUR 0.9bn amid challenging market environment
After years of double-digit growth AllianzGI´s profit declined to EUR 0.9bn, as a result of the challenging market environment DEVELOPMENT OF OPERATING PROFIT & NET INCOME EUR million Operating Profit Net Income CAGR CAGR -15.8% -3.3% 1,276 1,322 470 904 395 369 -31.6% -21.5% 2006 2007 2008 2006 200
Slide 14: Profit decline driven by volatile income components; solid underlying profitability
AllianzGI´s profit decline mainly driven by volatile income components; solid underlying profitability DEVELOPMENT OF OPERATING PROFIT EUR million Operating Profit Operating Profit drivers 2008 CAGR* CIR (%) 60% of the deviation -10.3% driven by performance fees and valuation of seed funds 1.322 -36
Slide 15: AllianzGI assets under management suffered from market losses
AllianzGI assets under management suffered from market losses AuM DEVELOPMENT EUR billion Third Party AuM 2008 Third Party AuM by region* % of bop AuM CAGR (%) Total 690 754 673 -1.2 AuM 725 (YE 2007) 67 F/X effects +3.9 +29 Asia 59 52 -5.9 Pacific AuM Adj. -1 454 412 415 +0.4 US Net Flows* +0.0 0 M
Slide 16: Productivity growth moderated due to increased headcount and volatile revenues
AllianzGI´s productivity growth moderated due to increased headcount and volatile revenues DEVELOPMENT OF FTE AND KEY PRODUCTIVITY RATIOS* 2006-2008 Investment Distri- Corporate Mgmt. bution Services FTE Ø AuM per Ø FTE Net Revenues per Ø FTE # EUR million EUR thousand Volatile income components** A
Slide 17: Key takeaways
Key takeaways 2008 results impacted by unprecedented market conditions Strong underlying business Positive net flows on a constant fx-rate basis AllianzGI confirms profit growth target of 10% p.a. over a full market cycle © Copyright Allianz Global Investors AG 2009 - Februar 2009 - 17
Slide 18: Approach to navigating uncertain times: clear strategic perspective
AllianzGI’s approach to navigating through these uncertain times: Operating with a clear strategic perspective AllianzGI will continuously review its approach to managing the challenges in light of market developments and adapt as necessary Operating Principles Strategic Imperatives AllianzGI comm
Slide 19: Disclaimer
Disclaimer CAUTIONARY NOTE: Any opinion expressed in this document, or the oral presentation accompanying it, is held as at the date of this document, and any data mentioned is correct as at that date. Both may be subject to change without notification. Nothing in this document or the oral presentat
Slide 20: Allianz Global Investors' Annual Press Briefing
Allianz Global Investors' Annual Press Briefing London, March 3, 2009
Allianz Global Investors — FY2008 Earnings Presentation on 6ix