Value Partners Group Limited · HKEX:806
Value Partners — H1 2017 Earnings Presentation
24 slides from Value Partners's earnings presentation, Aug 15, 2017
Slide 1: Value Partners Group Limited
VALUE PARTNERS GROUP LIMITED 806 % 752.3 709.1 +6.1% 546.7 529.2 +3.3% 22.3 5.2 +328.8% 140.3 109.5 +28.1% 219.5 5.0 +4,290.0% 11.8 0.3 +3,833.3% 11.8 0.3 +3,833.3% 1
Slide 2: Consolidated income statement
2 752,242 709,102 (407,861) (394,201) 344,381 314,901 21,961 13,788 366,342 328,689 (12,337) (44,109) (154,151) (117,769) (14,044) (13,782) (45,501) (43,519) (226,033) (219,179) 140,309 109,510 96,044 (81,041) 3,082 (10,869) 10,419 1,620 3 109,545 (90,290) 249,854 19,220 4 (24,645) (14,916) 225,209
Slide 3: Comprehensive income and earnings per share
6,298 (360) 10,924 (7,967) 6 17,222 (8,327) 235,597 (4,965) 239,294 3,072 (4,172) (6,032) 235,122 (2,960) 475 (2,005) 235,597 (4,965) 12.2 0.3 (0.4) (0.0) 7 11.8 0.3 12.2 0.3 (0.4) (0.0) 7 11.8 0.3 3
Slide 4: Consolidated statement of financial position
6,805 10,603 11,059 14,047 – 15,384 9 784,934 734,229 7,556 8,616 – 67,795 810,354 850,674 9 55,137 41,756 10 16,576 14,875 11 132,511 112,429 – 55,986 33,034 33,040 33,748 175,310 – 43,781 12 2,568,004 2,629,131 2,839,010 3,106,308 5 392,393 – 3,231,403 3,106,308 9 9,576 4,121 51,368 53,181 13 116,
Slide 5: Equity and reserves
68 320 65 – 133 320 3,786,297 3,760,569 15 1,391,473 1,391,473 166,331 148,515 2,165,165 2,157,728 3,722,969 3,697,716 63,328 62,853 3,786,297 3,760,569 5
Slide 6: Notes: revenue and other income
1. 34 2. 546,666 529,169 22,291 5,186 183,285 174,747 752,242 709,102 3. 111,159 31,275 (15,115) (112,316) 3,082 – – (10,869) 10,385 1,620 34 – 109,545 (90,290) 6
Slide 7: Notes: tax and subsidiaries
4. 16.5% 16.5% 24,151 14,523 1,601 722 (145) 184 25,607 15,429 (962) (513) 24,645 14,916 5. Brilliant Star Capital (Cayman) Limited 90% 3.05 90% 740 3,500 62.05% 62.05% 6. 6,298 (360) 10,924 (7,967) 17,222 (8,327) 7
Slide 8: Notes: earnings per share and investments
7. 219,501,000 5,017,000 1,851,715,000 1,848,715,000 1,853,473,000 1,848,715,000 1,758,000 2,840,000 8. 222,206,000 9. 2,186 – – – 2,186 – 37,490 30,583 – – 37,490 30,583 (4,410) (3,644) – – (4,410) (3,644) 3,368 4,514 – – 3,368 4,514 – 4,428 – – – 4,428 11,988 2,230 – – 11,988 2,230 (4,842) – – – (
Slide 9: Notes: investments and receivables
9. 668,766 625,533 116,168 108,696 784,934 734,229 45,561 37,635 – – 45,561 37,635 714,327 663,168 116,168 108,696 830,495 771,864 10. 16,576 14,875 16,576 14,875 11. 1 30 1,666 490 31 60 177 1,096 61 90 456 1,475 90 17 2,436 2,316 5,497 130,195 106,932 132,511 112,429 9
Slide 10: Notes: payables and share capital
12. 319,460 183,371 2,247,839 2,439,201 705 6,559 2,568,004 2,629,131 13. 0 30 116,558 103,357 31 60 71 2,129 61 90 13 244 90 188 237 116,830 105,967 14. 15. 1,851,714,831 1,391,473 1,848,714,831 1,377,533 10
Slide 11: 17% 2.2 9,900 9,200 5.47 5.29 2,200 . 25.3%1 6.6 2 11
132 17% 155 500 2.2 9,900 9,200 5.47 5.29 500 2,200 60 . 25.3%1 6.6 2 11
Slide 12: ETF and smart beta
. 3 15.9% 10 . ETF ETF smart beta ETF ETF ETF ETF ETF ETF A ETF ETF ETF . SMART alpha SMART beta 4 12
Slide 13: AIA MPF and ETF
. AIA MPF AIA MPF AIA MPF 9% ETF . 4 . ETF ETF ETF 13
Slide 14: MSCI A
. MSCI 222 A MSCI A B . 14
Slide 15: Fund performance
MH, Ph.D 1. A +14.0% +11.2% +13.5% -1.5% -3.2% +25.3% 2. 3. P Acc +13.0% +1.2% +1.1% +6.1% +15.9% +5.6% 4. 15
Slide 16: Assets under management and performance
16.7% 154.67 132.49 22.37 1.63 1 +16.7% 2 3 25.3% 4 18.2% 1.63 6.51 12.79 38.87 19.39 37.24 25.90 3,887 3,724 4,000 3,266 2,590 1,939 1,987 2,000 163 (651) (1,279) 0 -2,000 13,249 3,887 (3,724) 2,237 (182) 15,467 15,467 15,271 15,008 14,543 14,554 13,788 13,785 13,769 14,370 13,600 14,008 13,249 13,
Slide 17: Asset allocation breakdown
(73%) (75%) (23%) 73% 73% 27% 27% 75% 81% 23% 17% ETF 1% 1% 1% 1% 62% 58% 38% 42% 83% 83% 6% 7% 38% 42% 22% 22% 21% 17% 16% 16% 3% 3% 83% 83% 4% 4% 4% 4% 4% 4% 2% 3% 1% 1% 2% 1% 17
Slide 18: Financial highlights
752.3 709.1 +6.1% 546.7 529.2 +3.3% 22.3 5.2 +328.8% 140.3 109.5 +28.1% 219.5 5.0 +4,290.0% 11.8 0.3 +3,833.3% 11.8 0.3 +3,833.3% 800 752.3 (407.9) 709.1 (394.2) 600 546.7 529.2 22.3 5.2 183.3 174.7 400 22.0 13.8 (224.2) (219.8) (0.8) (0.2) 200 366.4 (182.9) (174.2) 328.7 22.0 13.8 0 2.195 500 6.1%
Slide 19: Revenue and cost breakdown
1,710 2,230 520 2,200 1,380 1,350 680 810 600 96.0 (81.0) 3.1 (10.9) 10.4 1.6 109.5 (90.3) 250 59.5 57.3 200 166.5 101.0 95.7 161.9 51.1 21.2 150 2.1 0.9 226.0 219.2 12.3 44.1 100 42.0 40.9 50 6.4 9.1 8.6 6.5 0 2.5 0.8 19
Slide 20: 2.3 2.3 1.010 9,570 20% 23% 5,110 2,120 1,230 ,410 4,200 4,090 640 910
2 2.3 2.3 530 1.010 9,570 20% 23% 5,110 2,120 210 90 1,230 4,410 4,200 4,090 640 910 20
Slide 21: Fund performance returns
25.680 1.035 12.7 37.863 18.5 1. 2. 15 1 3. A +25.2% +8.1% +9.4% -3.7% -0.2% +18.2%. 4. 21
Slide 22: Shareholding
3.7 13.09 XIVA 3.7 461,201,312 24.9% 56,620,000 298,805,324 16.14% 3.7 3.5 2.984 5.399 22
Slide 23: 2410
189 205 11 10 2 13 17 52 79 2410 23
Slide 24: Contact
(www.hkexnews.hk) (www.valuepartners-group.com) MH, Ph.D Lee Siang Chin 24