Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q2 2017 Earnings Presentation
21 slides from Fiera Capital Corporation Class A's earnings presentation, Aug 11, 2017
Slide 1: 2017 Q2 Results
AUGUST 11, 2017 2017 Q2 Results JEAN-GUY DESJARDINS Chairman of the Board and President and Chief Executive Officer JOHN VALENTINI Executive Vice President, Global Chief Financial Officer and President of the Private Alternative Investments division
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The accompanying Investor Presentation contains forward-looking information, including future-oriented financial information and financial outlooks within the meaning of Canadian securities laws and regulations. Forward-looking information may include com
Slide 3: Business Overview
Business Overview AUM of $125.7 billion as at June 30, 2017 Increasing scalability of our U.S. divisions Solid European growth driven by new flows and healthy performance Leading in private alternative investment strategies New appointments in management team Increase quarterly dividend to sharehold
Slide 4: Quarterly Financial Highlights: Quarter-over-Quarter
Quarterly Financial Highlights: Quarter-over-Quarter AUM of $ 125.7 billion, up 3% Base management fees of $102.4 million, up 6% Adjusted EBITDA1 of $28.5 million, compared to $25.2 million and net earnings of $0.9 million, compared to $4.4 million Adjusted EPS1 of $0.30 compared to $0.25 and net ea
Slide 5: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q2-2017 Q1-2017 Variation $ $ Total AUM 125.7B 122.1B 3% Total Revenues 109.3M 100.6M 9% Base Management Fees 102.4M 96.3M 6% Total Performance Fees 1.2M 0.5M 142% Other Revenues 5.7M 3.7M 54% Adjusted EBITDA1 28.5M 25.2M 13% Net Earnings 0.9M 4.4M -80% Att
Slide 6: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q2-2017 Q2-2016 Variation $ $ Total AUM 125.7B 109.1B 15% Total Revenues 109.3M 75.0M 46% Base Management Fees 102.4M 68.8M 49% Total Performance Fees 1.2M 2.3M -48% Other Revenues 5.7M 3.9M 47% Adjusted EBITDA1 28.5M 23.5M 21% Net Earnings 0.9M 7.9M -89% Attribu
Slide 7: Revenue Trend – Quarterly & Last Twelve Months
Revenue Trend – Quarterly & Last Twelve Months 7
Slide 8: Adjusted EBITDA ($) & Margin (%) Trend
Adjusted EBITDA ($) & Margin (%) Trend 1: Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures presented by other companies. P
Slide 9: Average BPS Evolution vs AUM
Average BPS Evolution vs AUM 9
Slide 10: Rolling LTM Net Earnings, LTM Adjusted EBITDA ($) and Margin (%) Trend
Rolling LTM Net Earnings, LTM Adjusted EBITDA ($) and Margin (%) Trend 1: Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures
Slide 11: Rolling LTM Dividends, Adjusted Net Earnings Per Share and Net Earnings Per Share
Rolling LTM Dividends, Adjusted Net Earnings Per Share and Net Earnings Per Share 1: Adjusted net earnings and adjusted net earnings per share are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures
Slide 12: Revenue & AUM Breakdown – by Geography
Revenue & AUM Breakdown – by Geography AUM as of June 30, 2017 Revenues Q2 2017 $125.7B $109.3M 12
Slide 13: Dividends
Dividends Quarterly Dividends Declared per Participating Share 13
Slide 14: Investment Performance (June 30, 2017)
Investment Performance (June 30, 2017) Traditional Strategies – Fixed Income and Balanced Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) FIXED INCOME Active Fixed Income Universe 0.12 0.10 3.19 -0.10 1
Slide 15: Investment Performance (June 30, 2017)
Investment Performance (June 30, 2017) Traditional Strategies – Equity Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) Canadian Equity 14.93 3.89 12.261 4.551 2013 S&P/TSX Composite Canadian Equity Core
Slide 16: Investment Performance (June 30, 2017)
Investment Performance (June 30, 2017) Alternative Strategies Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) North American Market Neutral Fund -3.90 -3.90 5.52 5.52 2007 No Benchmark Long / Short Equi
Slide 17: Outlook
Outlook Focused on generating consistent performance Leveraging strong pipeline of opportunities in the U.S. Acquisitions remain a key element of our growth strategy Committed to delivering strong organic growth Distinctive alternative offering On track with our growth strategy 17
Slide 18: Question Period
Question Period WW Wo
Slide 19: Daniel Richard
Daniel Richard Senior Vice President, Corporate Communications and Investor Relations Fiera Capital drichard@fieracapital.com T 514 954-6456 19
Slide 20: Thank You
Thank You WW hs il
Slide 21: fieracapital.com
fieracapital.com