Slide 1: Half Year Results 2024 Data Pack
HALF YEAR RESULTS 1 August 2024 Data Pack Half Year Results 2024
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 2 Asset Management net flows by business area 14 Asset Ma
Slide 3: Assets under management (AUM)
Assets under management (AUM) £773.7 billion at 30 June 2024 Asset Management Wealth Management Total AUM (excl. Total AUM (incl. £bn total total Associates and JVs) Associates and JVs Associates and JVs) 1 January 2024 532.2 110.2 642.4 108.2 750.6 Net Flows (7.6) 3.7 (3.9) 7.8 3.9 Acquisitions - 0
Slide 4: Asset Management AUM
Asset Management AUM £639.2 billion at 30 June 2024 Public Markets Asset Asset Management total Asset Management total Private Mutual (excl. Associates Management (incl. Associates £bn Markets Solutions Funds Institutional and JVs) Associates and JVs and JVs) 1 January 2024 66.2 228.3 103.5 134.2 53
Slide 5: Wealth Management AUM
Wealth Management AUM £134.5 billion at 30 June 2024 Wealth Management Wealth Management total (excl. Wealth Management total (incl. £bn Advised Platform Managed Associates and JVs) Associates and JVs Associates and JVs) 1 January 2024 68.7 18.9 22.6 110.2 14.3 124.5 Net flows 2.4 0.5 0.8 3.7 0.2 3.
Slide 6: Regional diversification of AUM
Regional diversification of AUM1 £773.7 billion at 30 June 2024 UK2 £374.8bn North America2 EMEA £84.8bn £108.7bn 6 Asia Pacific2 £195.8bn South America £9.6bn 1By client domicile. 2Associates and JVs AUM comprises of £100.3 billion in Asia Pacific, £15.0 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 £773.7 billion By business area By region1 By product 9% 12% 9% 29% 29% 14% 17% 14% 49% 7 15% 19% 18% 25% 26% 15% Solutions UK Equities Institutional Asia Pacific Multi-asset Wealth Management EMEA Fixed income Mutual Funds Ameri
Slide 8: Gross inflows excl. Associates and JVs
Gross inflows excl. Associates and JVs Half-yearly £bn 80 65.4 62.9 60.7 60 55.7 40 8 20 0 H2 2022 H1 2023 H2 2023 H1 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth management Half Year Results 2024
Slide 9: Net flows excl. Associates and JVs
Net flows excl. Associates and JVs Half-yearly £bn 15 4.0 5.7 5 9 (5) (6.0) (3.9) (15) H2 2022 H1 2023 H2 2023 H1 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth management Half Year Results 2024
Slide 10: Currency profile of AUM excl. Associates and JVs
Currency profile of AUM excl. Associates and JVs Assets under management £657.3 billion GBP 10% 2% 2% USD¹ 3% EUR 43% 12% 10 JPY TWD AUD 28% Other² 1USD includes other currencies pegged to USD, including HKD. 2Includes the following currencies which individually constitute 1% of AUM: INR, KRW, CHF,
Slide 11: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £537.8 billion excl. Associates and JVs Private Markets Solutions Mutual Funds Institutional £68.5bn £220.8bn £107.8bn £140.7bn 11 Real estate 33% Multi-asset 82% Equities 60% Equities 79% Securitised product 19% Fixed in
Slide 12: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £537.8 billion excl. Associates and JVs¹ Private Markets Solutions Mutual Funds Institutional £68.5bn £220.8bn £107.8bn £140.7bn 12 EMEA 41% UK 80% EMEA 37% Americas 35% UK 39% Asia Pacific 10% UK 24% Asia Pacific 30% Ame
Slide 13: Asset Management AUM – detailed asset class analysis
Asset Management AUM – detailed asset class analysis Assets under management £537.8 billion excl. Associates and JVs Equities Multi-asset Fixed income Private assets and alternatives £196.3bn £192.3bn £80.7bn £68.5bn 13 Global 29% Risk mitigation 50% Europe 26% Real estate 33% Asia Pacific 20% US 22
Slide 14: Asset Management net flows by business area
Asset Management net flows by business area (£7.6) billion at 30 June 2024 excl. Associates and JVs £bn 10 5 3.0 0 14 (0.2) (5) (2.5) (7.9) (10) Private Markets Solutions Mutual Funds Institutional Equities Fixed income Private assets & alternatives Multi-asset Half Year Results 2024
Slide 15: Private Markets – gross and net flows
Private Markets – gross and net flows Assets under management £68.5 billion £bn 10 8.6 7.5 5.6 5.1 4.9 4.7 4.6 5 4.4 3.0 2.1 2.4 15 1.7 0 (2.2) (2.1) (2.6) (3.1) (3.7) (3.9) (5) H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 Gross inflows Gross outflows Net flows Half Year Results 2024
Slide 16: Solutions – gross and net flows
Solutions – gross and net flows Assets under management £220.8 billion £bn 30 26.2 25.2 20.1 20 15.3 13.9 10.3 10 6.3 6.3 5.7 0 16 (1.1) (10) (6.3) (7.9) (11.4) (13.8) (20) (18.9) (20.2) (20.5) (23.2) (30) H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 Gross inflows Gross outflows Net flows Half Ye
Slide 17: Mutual Funds – gross and net flows
Mutual Funds – gross and net flows Assets under management £107.8 billion £bn 30 20.5 20.2 20 16.2 17.4 14.8 14.2 10 1.7 0 17 (1.0) (0.2) (3.1) (3.2) (3.2) (10) (20) (18.0) (17.2) (17.4) (17.6) (18.8) (23.3) (30) H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 Gross inflows Gross outflows Net flows
Slide 18: Institutional – gross and net flows
Institutional – gross and net flows Assets under management £140.7 billion £bn 20 14.8 15.1 15 11.9 10.7 10.5 10.4 10 5 0.2 0 18 (5) (3.5) (2.5) (3.8) (5.4) (10) (7.5) (15) (14.2) (14.6) (15.8) (15.7) (20) (18.0) (17.6) H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 Gross inflows Gross outflows Net
Slide 19: Wealth Management excl. Associates and JVs
Wealth Management excl. Associates and JVs Assets under management £119.5 billion AUM by client size Gross and net flows £bn 12 11% 10.0 9.3 6% 8.5 8 6.6 7% 41% 3.7 3.7 4 2.9 19 8% 1.6 11% 0 7% 9% (4) <£1m £1m-£5m (5.0) (5.6) (5.6) (8) (6.3) £5m-£10m £10m-£25m £25m-£50m £50m-£100m H2 2022 H1 2023 H2
Slide 20: Net operating revenue and margins – Asset Management
Net operating revenue and margins – Asset Management Asset Management operating profit £231.3 million £m H1 2023 H2 2023 H1 2024 Net operating revenue (excl. performance fees and net carried interest) 927.2 900.4 892.4 Performance fees 13.1 23.6 3.7 Net carried interest 19.5 27.4 11.0 20 Net operati
Slide 21: Income statement progression
Income statement progression Asset Management operating profit £231.3 million £m H1 2023 H2 2023 H1 2024 Net operating revenue 959.8 951.4 907.1 Share of profit of associates and joint ventures 33.9 14.8 20.8 Other net operating income 2.3 20.0 7.1 21 Net operating income 996.0 986.2 935.0 Operating
Slide 22: Income statement progression
Income statement progression Wealth Management operating profit £83.7 million £m H1 2023 H2 2023 H1 2024 Management fees 161.6 165.9 179.9 Transaction, performance and other fees 18.2 14.2 18.8 Net banking interest income 30.2 33.1 31.2 Net operating revenue 210.0 213.2 229.9 22 Share of profit of a
Slide 23: Asset Management fee breakdown
Asset Management fee breakdown By business area Private Markets Solutions £m H1 2023 H2 2023 H1 2024 £m H1 2023 H2 2023 H1 2024 Average AUM (£bn) 63.2 65.1 66.7 Average AUM (£bn) 215.0 209.2 222.8 Management and other fees 178.9 184.3 184.7 Management and other fees 133.3 127.0 128.1 Real estate tra
Slide 24: Interests in joint ventures and associates
Interests in joint ventures and associates Group’s share of profit £24.0 million H1 2024 Asset Management Wealth Management Total Net operating income (£m) 198.0 72.1 270.1 Profit after tax (£m)¹ 78.9 6.6 85.5 Group’s share of profit (£m)¹ 20.8 3.2 24.0 Contribution to Group’s PAT 11% Revenue margin
Slide 25: Cost and return metrics
Cost and return metrics Total costs H1 2023 H2 2023 H1 2024 Operating expenses (£m) 870.5 887.5 860.2 Central costs (£m) 23.4 29.5 28.2 893.9 917.0 888.4 25 Operating expenses ratio Operating expenses ratio 72% 74% 73% = operating expenses divided by net operating income Headcount 6,386 6,438 6,358
Slide 26: Group capital composition
Group capital composition Capital base £m FY 2023 H1 2024 Equity capital base 4,464 4,411 Regulatory deductions1 (2,158) (2,186) Dividend2 (233) (101) 26 Overall regulatory capital requirement (1,443) (1,470) Equity capital surplus 630 654 Subordinated debt – 250 Total capital surplus 630 904 1Compr
Slide 27: Thank you
Schroders Thank you
Slide 28: Forward looking statement
Forward looking statement 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 they