Pinnacle Investment Management Group Limited · ASX:PNI
Pinnacle Investment Management — Macquarie Australia Conference 2024
31 slides from Pinnacle Investment Management's conference presentation, May 7, 2024
Slide 1: Macquarie Australia Conference Presentation cover letter
7 May 2024 By Electronic Lodgement Market Announcements Office ASX Ltd 20 Bridge Street SYDNEY NSW 2000 Dear Sir / Madam Macquarie Australia Conference Presentation For personal use only Pinnacle Investment Management Group Limited (ASX: PNI) is pleased to attach a copy of a presentation that will b
Slide 2: Pinnacle Investment Management Group - Macquarie Australia Conference
For personal use only PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (PNI) Macquarie Australia Conference Alan Watson – Chair Ian Macoun – CEO/Managing Director Kyle Macintyre – Head of Retail & Wholesale Distribution Dan Longan – CFO 8 th May, 2024
Slide 3: Disclaimer
Pinnacle Investment Management Group Limited (PNI) 2 For personal use only This presentation has been prepared by Pinnacle Investment Management Group Limited ABN 22 100 325 184 (PNI). The information in this presentation is current as at 7 May 2024. PNI has prepared this presentation based on infor
Slide 4: Agenda
Agenda 3 For personal use only 01 Introduction 4 02 Latest Update 7 03 Vision for and drivers of future growth 11 04 Conclusion 19
Slide 5: Introduction
For personal use only 01 Introduction
Slide 6: 1H FY24 Themes
1H FY24 Themes (as reported in half-year results presentation) 5 Record $100bn FUM entering 2H FY24 as inflows build, platform positioned for growth For personal use only • Robust net inflows, particularly across retail and international channels, in challenging fundraising conditions • Net inflows
Slide 7: 1H FY24 financial highlights
1H FY24 financial highlights 6 Diversified platform demonstrating resilience in challenging market conditions. Investments made to support earnings growth in the future For personal use only A f f i l i a te F U M / R e v e n u e ( 1 0 0 % ) C a s h / I n v e s tm e n ts Affiliate FUM (100%) 31 Dec
Slide 8: Latest Update
For personal use only 02 Latest Update
Slide 9: Update – FUM and flows
Update – FUM and flows 8 • Estimated total Affiliate FUM (at 100%) at 30 April 2024 of ~$106 billion For personal use only • up ~$5.9 billion (~6%) from $100.1 billion at 31 December 2023 • up ~$14.1 billion (~15%) from $91.9 billion at 30 June 2023 • Estimated total Retail FUM (at 100%) at 30 April
Slide 10: Update – revenues and performance
Update – revenues and performance 9 • 82% of Pinnacle Affiliates’ strategies and products (with a track record exceeding 5 years) have out-performed their For personal use only benchmarks over the 5 years to 31 March 2024* • As at 31 March 2024*, of the funds under management on which there is a pot
Slide 11: Pinnacle to launch new Affiliate
Pinnacle to launch new Affiliate 10 For personal use only • As announced to the ASX on 1st May 2024, Pinnacle intends to form a new Affiliate led by the former Royal London global equities team, subject as usual to the pre-existing contractual obligations of those team members • The team are based i
Slide 12: Vision for and drivers of future growth
For personal use only 03 Vision for and drivers of future growth
Slide 13: Vision for evolution and growth 2024 - 2030
Vision for evolution and growth 2024 - 2030 12 For personal use only What won't change • Empowering exceptional investment talent is the core of what we do • Enabling specialized investment firms to achieve rapid commercial success through large-scale centralised distribution and operational infrast
Slide 14: Pinnacle's edge
Pinnacle’s edge 13 For personal use only Talent identification • Identify and attract the highest quality & most talented investment professionals • ‘Quality attracts quality’ (true of investors & distribution executives) Innovative Mindset • Flexible, creative approach to building & supporting the
Slide 15: Vision for evolution and growth 2024 – 2030: Growth Themes
Vision for evolution and growth 2024 – 2030 14 Growth Themes Rationale Progress Opportunity For personal use only Private Markets/Alternatives • Capture strong, rising global investor Australian & New Zealand American, European and Asia-Pacific: demand for private markets and • Private Credit (Corpo
Slide 16: Growing our global platform
Growing our global platform 15 • For over a decade, Pinnacle has been expanding its international investor networks In order to raise capital for existing global and local strategies For personal use only o o In anticipation of an expanding global affiliate platform that was more relevant to interna
Slide 17: Strong track record across Horizons
Strong track record across Horizons 2 & 3 16 Horizon 2 – deliberate investment drives high returns over time For personal use only Pinnacle and Affiliates continue to actively pursue growth initiatives, recognizing that these will moderate profits in the short-term but provide extremely lucrative gr
Slide 18: Strong track record across Horizons
Strong track record across Horizons 2 & 3 17 Horizon 3 – focus on asset classes with substantial growth potential, especially in private markets; accelerating growth by leveraging the Pinnacle platform For personal use only • Pinnacle continues to actively seek Horizon 3 partnerships that meet our ‘
Slide 19: Horizon case study – Metrics
Horizon 3 case study – Metrics 18 Helping build Australia & New Zealand's largest private debt manager Metrics is Australia and New Zealand’s largest private debt manager with A$17bn AUM For personal use only • • In June 2013, Pinnacle became Metrics’ distribution partner and helped them establish s
Slide 20: Conclusion
For personal use only 04 Conclusion
Slide 21: Pinnacle differentiation
Pinnacle differentiation 20 Australia’s leading ‘multi-affiliate’ investment firm For personal use only 1. Distinguished from competitors 2. High quality, experienced, 3. All the advantages, benefits and by comprising the highest dedicated, passionate superior conditions of a quality investment inve
Slide 22: Summary
Summary 21 Pinnacle’s diverse Affiliate stable and extensive distribution channels fosters resilience and growth For personal use only Highly regarded Affiliates with strong local and international investment consultant and research house ratings Fundamentals in • Diverse stable of Affiliates (asset
Slide 23: Additional Information
For personal use only 05 Additional Information
Slide 24: Pinnacle has a diversified Affiliate platform
Pinnacle has a diversified Affiliate platform 23 Track record of investing to deliver medium-term growth Executives of both Pinnacle and Pinnacle Affiliates have significant equity interests For personal use only Equity ownership enhances alignment with shareholders 1H FY24 Highlights: Seed FUM and
Slide 25: Continuing strong investment performance of Affiliates to 31 March 2024
24 Continuing strong investment performance of Affiliates to 31 For personal use only March 2024 82% of Pinnacle Affiliates’ strategies and products (with a track record exceeding 5 years) have out- performed their benchmarks over the 5 years to 31 March 2024 The investment returns for each fund or
Slide 26: Continuing strong investment performance of Affiliates to 31 March 2024
25 Continuing strong investment performance of Affiliates to 31 For personal use only March 2024 82% of Pinnacle Affiliates’ strategies and products (with a track record exceeding 5 years) have out- performed their benchmarks over the 5 years to 31 March 2024 The investment returns for each fund or
Slide 27: Affiliates' investment performance March 2024
26 Affiliates’ investment For personal use only performance 31 March 2024 The investment returns for each fund or strategy shown are for information purposes only. Unless otherwise stated, the investment returns have been calculated for the relevant period in AUD (with distributions reinvested) and
Slide 28: Affiliates' investment performance March 2024
27 Affiliates’ investment For personal use only performance 31 March 2024 The investment returns for each fund or strategy shown are for information purposes only. Unless otherwise stated, the investment returns have been calculated for the relevant period in AUD (with distributions reinvested) and
Slide 29: Continued industry awards
Continued industry awards 28 For personal use only 2024 Money Management 2024 Momentum Media 2024 Morningstar Awards 2023 Zenith Fund Annual Fund Manager of Australian Wealth for Investing Excellence in Awards: the Year Awards, Management Awards Australia: partnering with Lonsec: • Metrics Credit Pa
Slide 30: Disclaimer
Disclaimer 29 For personal use only Lonsec Research The Lonsec Ratings presented in this document are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of
Slide 31: For personal use only
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