AGF Management Limited Class B · TSX:AGF.B
AGF Management Limited Class B — Scotia Capital Financials Summit 2009
22 slides from AGF Management Limited Class B's conference presentation, Sep 16, 2009
Slide 1: AGF Management Limited - Scotia Capital Financials Summit
AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT SEPTEMBER 16, 2009
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS The forward looking information is provided as of June 24, 2009. Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the meaning of securities
Slide 3: AGF Management Limited: Mission
AGF MANAGEMENT LIMITED: MISSION Helping Investors Succeed 3
Slide 4: Corporate Profile
AGF MANAGEMENT LIMITED: CORPORATE PROFILE • Diversified investment management firm • Strong global equities bias • Strong relationships with distribution partners • No conflicts related to distribution • Profitable, complementary investments in AGF Trust and Smith and Williamson • Long-term value to
Slide 5: Organizational Structure
AGF MANAGEMENT LIMITED: ORGANIZATIONAL STRUCTURE AGF Management Limited AGF Investments* Smith & Williamson AGF Trust Company Holdings Limited** AGF Investments* Cypress Capital Management Limited Highstreet Asset Management Inc. Doherty & Associates * While the organizational and realignment of res
Slide 6: Competitive Advantages
AGF MANAGEMENT LIMITED: COMPETITIVE ADVANTAGES • Independent – Critical mass, strategic partnerships and international scope • Diversified – Investment styles, clients and geographic markets • A trusted and strong brand – Longevity and experience – Advisors’ choice (2008, 2006) 6
Slide 7: Strategic Priorities
AGF MANAGEMENT LIMITED: STRATEGIC PRIORITIES • Deliver excellence in money management and client service • Grow retail, institutional, high-net-worth and trust businesses • Leverage international investment capabilities • Seek out strategic acquisitions • Improve operational efficiency • Maintain a
Slide 8: The Profile Has Changed
AGF MANAGEMENT LIMITED: THE PROFILE HAS CHANGED END OF 1996 NOV. 30, 2008 August 31, 2009 High-Net-Worth High-Net-Worth $3.0B $2.9B Mutual Institutional Fund Institutional Mutual Mutual Fund & Strategic Fund Assets & Strategic Accounts Accounts Assets Assets Assets $10.0B Assets $12.8B $19.8B $16.0B
Slide 9: Our Retail Business
Positioned for the future Me OUR RETAIL BUSINESS
Slide 10: Very Concentrated Net Sales in the Top Five Long-Term Categories
VERY CONCENTRATED NET SALES IN THE TOP FIVE LONG-TERM CATEGORIES Net sales: Top five long-term categories* ($ million) 30,000 92% 78% Top five long-term categories* 44 long-term • High Yield Fixed Income 20,000 78% categories • Global Neutral Balanced had net • Canadian Neutral Balanced redemptions
Slide 11: Our Retail Business: A Focused Sales Strategy
OUR RETAIL BUSINESS: A FOCUSED SALES STRATEGY Focus on those funds with the greatest opportunity based on industry trends, performance and advisor feedback. Top Grossing IFIC LT Asset AGF SALES TOP NET LT AGF Categories March 2009 FOCUS Q1/Q2 FUNDS FYTD 2009 1. Domestic Fixed Income AGF Canadian Bal
Slide 12: Our Retail Business: Performance of Our Focus Funds
OUR RETAIL BUSINESS: PERFORMANCE OF OUR FOCUS FUNDS Equity Performance Equity Performance Equity Performance Stats/ Ranking Stats/ Ranking Stats/ Ranking 1 year 3 year 5 year Morningstar Rating AUM Fund Category (bn) FUND Perf Quartile Perf Quartile Perf Quartile (1 Year) Canadian Neutral AGF Canadi
Slide 13: Our Institutional Business
Positioned for the future Me OUR INSTITUTIONAL BUSINESS
Slide 14: Institutional Product Platform
OUR INSTITUTIONAL BUSINESS: INSTITUTIONAL PRODUCT PLATFORM AGF INVESTMENTS AGF INTERNATIONAL HIGHSTREET (TORONTO) ADVISORS Canadian GARP Equity European Value Equity Canadian Core S&P/TSX Composite MSCI Europe S&P/TSX Composite U.S. Growth Equity International Value Equity Canadian Growth S&P 500 MS
Slide 15: AGF Trust Company
Positioned for the future Me AGF TRUST COMPANY
Slide 16: Trust Company Operations: Loan Assets
TRUST COMPANY OPERATIONS: LOAN ASSETS 5.0 $4.3 $4.4 $4.4 $4.3 4.5 $4.1 4.0 3.5 2.3 2.4 2.4 2.3 3.0 2.3 $ billions 2.5 2.0 1.5 1.0 2.0 2.0 2.0 2.0 1.8 0.5 0.0 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Real Estate Loans Investment Loans 16
Slide 17: Trust Company Operations: Loan Portfolio as at May 31, 2009
TRUST COMPANY OPERATIONS: LOAN PORTFOLIO AS AT MAY 31, 2009 Real Estate Secured Loans Insured Mortgage Loans $573.2 million 32% $550.8 million HELOCs 31% Real Estate $671.9 million Conventional Mortgage Investment Secured Loans Loans Loans 37% 44% $1.8 Investment Loans $2.3 billion billion Secured 5
Slide 18: Revenue, EBITDA and SG&A
AGF MANAGEMENT LIMITED: REVENUE, EBITDA AND SG&A 200 194.3 184.7 150 152.2 138.0 143.5 $ millions 100 88.6 81.5 54.0 53.0 49.0 50 56.8 55.3 41.2 42.8 47.3 0 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Revenue EBITDA SG&A 18
Slide 19: Performance: Long-Term Value to Shareholders
PERFORMANCE: LONG-TERM VALUE TO SHAREHOLDERS TOTAL RETURN ANNUALIZED SINCE INCEPTION (AUG. 1968) AGF.B 13.21% TSX Composite 9.52% TOTAL RETURN ANNUALIZED OVER 10 YEARS AGF.B 7.44% TSX Composite 6.73% TOTAL RETURN OVER 1 YEAR AGF.B (34.24%) TSX Composite (18.22%) TOTAL RETURN TO DATE FOR FISCAL 2009
Slide 20: Capital Stewardship: Dividends
CAPITAL STEWARDSHIP: DIVIDENDS 1.00 1.00 0.90 R 2 3 % 0.80 CA G 0.70 $/share 0.60 0.50 0.40 0.30 0.20 0.13 0.10 0.00 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 • Quarterly dividends per share paid in fiscal 2009: – $0.25 per share paid on January 20, 2009 – $0.25 per share paid on April
Slide 21: • Emphasis on profitability and cost reduction initiatives • Maintain strong financial position
AGF MANAGEMENT LIMITED • Emphasis on profitability and cost reduction initiatives • Maintain strong financial position • Maintain competitive advantages • Deliver value to stakeholders 21
Slide 22: Questions
Positioned forthe future Mi QUESTIONS
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