L1 Group Limited · ASX:L1G
L1 — Shareholder Meeting (November 2025)
29 slides from L1's shareholder meeting presentation, Nov 18, 2025
Slide 1: 2025 Annual General Meeting, Chair and CEO/Managing Director Address and Presentation
18 November 2025 The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000 L1 Group Limited (L1G) 2025 Annual General Meeting, Chair and CEO/Managing Director Address and Presentation Slides L1G will hold its 2025 Annual General Meeting (AGM) today at 10.00am (AEDT)
Slide 2: Chair Address
L1 Group Limited, 2025 Annual General Meeting Chair Address Good morning Ladies and Gentleman and welcome to today’s Annual General Meeting. My name is Guy Strapp and I am delighted to address you as a Director and the Chair of L1 Group Limited (“L1 Group”, “Group” or “Company”). I would like to beg
Slide 3: Merger with L1 Capital
We were also able to reward our Shareholders with a special dividend of 20 cents per share in December 2024 together with an interim fully franked dividend of 1.5 cents per share. Merger with L1 Capital Over the last 12 months, the Board, with the assistance for its corporate advisor, engaged with a
Slide 4: Capital Management
implementation deed. Both Rachel Grimes AM and I remain on the Board and I will be standing for re-election at today’s meeting. Capital Management Taking the undisturbed share price immediately before the announcement of the merger on 8 July 2025 to last close yesterday, the share price has increase
Slide 5: Introduction to L1 Group
Introduction to L1 Group The combined L1 Group has just under $17 billion in funds under management, two standout investment management brands, a diversified client base and market-leading investment teams. This is supported by a scalable operating platform with strong distribution across all channe
Slide 6: L1G Investment Strategies
One of the things that excites us about the merger, and the recent capital raising, is that the L1 Group has the firepower to deliver strong growth for our Shareholders as opportunities emerge. Turning over to the next slide, I will talk through a summary of Group FUM, as of October 2025. L1G Invest
Slide 7: Outlook and Focus
While these are pro forma numbers, it demonstrates scope for margin expansion over the coming years including through the removal of duplicated functions across the two businesses. We look forward to updating you on the progress of integration execution in due course. I will wrap up with an outlook
Slide 8: L1 Group Limited (ASX:L1G) AGM 2025
L1 Group Limited (ASX:L1G) AGM 2025 18 November 2025
Slide 9: Guy Strapp, Chair – address
Guy Strapp, Chair – address
Slide 10: PTM | Operating and Financial Results FY2025
PTM | Operating and Financial Results FY2025 $7.9 billion $125.8 million y Funds Under Management (FUM)1 Total revenue 22% 44% Decrease in adjusted expenses2 Underlying Adjusted EBIT margin3 21.5 cps Fully franked dividend4 Notes: 1. FUM as at 30 June 2025.. 2. Adjusted expenses exclude turnaround i
Slide 11: Merger with L1 Capital
Merger with L1 Capital L1G was formed through a merger between L1 Capital and Platinum Asset Management completed in October 2025 Market leading investment manager High quality investment teams, innovative with $16.7bn1 in FUM products and diversified client base Two stand-out investment Scalable op
Slide 12: L1G | Key Metrics
L1G I Key metrics1 ASX:L1G $16.7 billion 5 ticker Funds Under Management (FUM)2 Locations globally $3 billion $262 million 1.12% L1 Capital net inflows (FY22-FY25) Total revenue3 Management fee margin4 $142.3 million 54% $96.0 million Underlying EBITDA5 Underlying EBITDA margin Underlying NPAT ("UNP
Slide 13: L1G Board Renewal
L1G Board Renewal Independent Non-Executive Directors • Guy Strapp, Board Chair • Rachel Grimes AM, Chair of Nomination and Remuneration Committee • Neil Chatfield, Chair of Audit, Risk and Compliance Committee Executive Directors • Julian Russell, Chief Executive Officer and Managing Director • Jan
Slide 14: L1G Capital Management
L1G Capital Management Successfully raised $286 million through institutional placement Supported by a number of cornerstone investors Share purchase plan (SPP) open for retail investors for up to $25 million Discounted placement and SPP price at $0.95 per share L1 Group Limited (ASX:L1G) 7
Slide 15: Julian Russell, CEO – address
Julian Russell, CEO – address
Slide 16: Introduction to L1 Group (ASX:L1G)
Introduction to L1 Group (ASX:L1G) L1G was formed through a merger between L1 Capital and Platinum Asset Management completed in October 2025 Merger priorities: One of Australia's most respected Pioneer of Global equities investing investment managers in Australia with strong brand recognition Deliv
Slide 17: L1G | Four growth pathways
L1G | Four growth pathways Growth of existing funds through Joint Ventures – attracting talented new performance and flows teams to launch new products Example: L1 Long Short Fund Example: L1 Global Opportunities Fund L1 International Fund L1 Catalyst Fund L1 UK Residential Fund Extension strategies
Slide 18: L1 Capital | Capital-light growth
L1 Capital | Capital-light growth L1 Capital has delivered organic FUM growth of 30% p.a. since 2014 (pre-merger) Combined $16.7b $9.7b Billions (A$) 9.0 International Fund converted to ETMF (ASX:L1IF) Catalyst Fund 6.0 launched International Fund Gold Fund U.K. Residential launched launched Propert
Slide 19: L1G | Investment Strategies
L1G | Investment Strategies Demonstrated track record of success launching new funds – owned & affiliate 6,000 5,702 L1 International including PTM Emerging L1 Group FUM 30 September 2025 31 October 2025 funds include: Platinum $ million 5,000 International • Japan L1 Affiliates 5,574 5,848 • Europe
Slide 20: Integration benefits | Illustrative pro-forma synergies
Integration benefits | Illustrative pro-forma synergies Assuming target cost savings had been fully realised in FY25, pro-forma operating expenses would be circa $93m L1 Group FY25A pro-forma operating expenses and illustrative synergies impact Announced cost reduction target of $30m – $35m within 1
Slide 21: L1G | Outlook and focus
L1G | Outlook and focus Capital-light growth Integration of Platinum • Track record of capital-light growth through the launch of • Investing in high calibre talent to bolster Platinum new strategies and affiliates investment capabilities and stabilise FUM • Inundated with enquiries from leading dom
Slide 22: Business of the meeting
Business of the meeting
Slide 23: Business of the Meeting
Business of the Meeting Financial and Statutory Reports (not voted on) Resolutions requiring Shareholder vote Resolution 1: Re-election of Guy Strapp as a Director Resolution 2: Adoption of the Remuneration Report L1 Group Limited (ASX:L1G) 16
Slide 24: Resolution 1
Resolution 1 “That Guy Strapp, a Non-Executive Director retiring in accordance with the Company’s Constitution, being eligible, is re-elected as a Non-Executive Director of the Company.” L1 Group Limited (ASX:L1G) 17
Slide 25: Resolution 1 – Proxy voting results
Resolution 1 – Proxy voting results L1 Group Limited (ASX:L1G) 18
Slide 26: Resolution 2
Resolution 2 “That the Remuneration Report of the Company for the financial year ended 30 June 2025 be adopted.” L1 Group Limited (ASX:L1G) 19
Slide 27: Resolution 2 – Proxy voting results
Resolution 2 – Proxy voting results L1 Group Limited (ASX:L1G) 20
Slide 28: Important information
Important information General Disclaimer This communication has been prepared by L1 Group Limited (“L1 Group”, “L1G” or “Company”) (ABN 13 050 064 287) (ASX:L1G). References in this presentation to L1 Group or L1G are to L1 Group Limited. References in this presentation to L1 or L1 Capital are to L1
Slide 29: Please contact us with any questions
Please contact us with any questions. Level 45, 101 Collins Street, Melbourne VIC 3000 Phone +61 3 9286 7000 Web www.L1Group.com.au ABN 21 125 378 145 | AFSL 314302