Associate Global Partners Limited · ASX:APL
Associate Global Partners — Investor Presentation (February 2026)
33 slides from Associate Global Partners's investor presentation, Feb 27, 2026
Slide 1: Associate Global Partners Limited Investor Presentation February 2026
Associate Global Partners Limited (ASX: APL) Investor Presentation February 2026
Slide 2: Contents
Contents Page Number About AGP 2 H1 FY26 Review 12 Investment Manager Partners 17 Financial Performance and Position 26 Strategic Priorities 29 Disclaimer 31 Contact Details 32 01
Slide 3: About AGP
About AGP GLOBAL PARTNERS
Slide 4: About Associate Global Partners Limited
About Associate Global Partners Limited Associated Global Partners Limited (AGP) is an independent, multi-boutique asset management firm. AGP has developed a fully integrated distribution platform which provides investment managers with an end-to-end solution to build their brand and grow funds unde
Slide 5: Group Product Suite
Group Product Suite An exceptional range of investment capabilities across asset classes Distributed Product Suite The Large Cap and Small Cap Established in 2017, Vertium Asset The Switzer Dividend Growth Fund Thomson, Horstmann & Bryant portfolios are managed by WCM Management (Vertium) is a (SWTZ
Slide 6: Our Vision
Our Vision Vision To build a leading multi-boutique investment management firm with a broad and diversified investor base. Purpose Our purpose is to provide Australian investors with access to unique, world-class investment strategies that help them to achieve their financial objectives. Strategic O
Slide 7: Experienced, High Calibre Management
Experienced, High Calibre Management Board with a deep bench of experience Nerida Campbell Jason Billings Martin Switzer Dr. Brett Cairns Ken Poutakidis Independent Chair Independent Deputy Chair Chief Executive Officer and Non-Executive Independent Non-Executive Managing Director Director Director
Slide 8: Our Distribution Platform
Our Distribution Platform An Australian funds management firm with a distribution platform consisting of an experienced nationwide team and access to the highly sought after direct investor channel AGP has developed a unique platform consisting of: Specialist Distribution Platform c.13,000 150,000+
Slide 9: Our Distribution Capabilities – Servicing the Whole Investor Ecosystem
Our Distribution Capabilities – Servicing the Whole Investor Ecosystem Relationships Across Client Segments Relationships with ‘Gatekeepers’ AGP’s partnership with Switzer provides access to Australia’s large and growing self-directed and SMSF market. Rating Agencies AGP has access to a growing inve
Slide 10: Building a Direct Business
Building a Direct Business Central to building our direct strategy is our partnership with Switzer Established direct channel presence Switzer is a trusted financial media and services brand with an audience of self-directed investors. Strategic objective The purpose of the partnership is to deepen
Slide 11: Listed Products: A Core Pillar of Our Direct Distribution Strategy
Listed Products: A Core Pillar of Our Direct Distribution Strategy Delivering listed market expertise with scalable distribution capability. Proven Listed Expertise Launched one of Australia’s first active ETFs in 2017 and delivered five listed products. Active ETF Pioneer Early adopter of the activ
Slide 12: Our Key Attributes
Our Key Attributes Highly experienced distribution, marketing and operations capability built to support and grow our manager partnerships Experienced Team Experienced Expertise in Listed with Strong Marketing Capability & Unlisted Products Networks Our team of experienced Dedicated & experienced te
Slide 13: H1 FY26 Review
H1 FY26 Review GLOBAL PARTNERS
Slide 14: H1 FY26 Operational and Financial Highlights
H1 FY26 Operational Highlights and Initiatives • The Group’s FUM grew to $1.420 billion as at 31 December 2025, up 1.6% from $1.397 billion as at 30 June 2025. This was after the payment of $104.5 million in cash distributions and dividends during the half-year, mainly in July 2025 with respect to t
Slide 15: Growth in FUM since 2017
Growth in FUM since 2017 As at 31 January 2026, Associate Global Partners had FUM of $1.402 billion*. • $1.4bn diversified FUM platform across listed, unlisted and institutional strategies. • The key drivers of growth during the reporting period included: o net inflows into AGP’s suite of funds; and
Slide 16: Half-Yearly Net Flows since 2017
Half-Yearly Net Flows since 2017 Positive net flows continue into H1 FY2026, reflecting strengthening investor demand. • Positive net inflows were recorded in H1 FY2026. • The continued positive momentum highlights the strength of the Company’s diversified product suite and relationships with advise
Slide 17: Quality Investor Base
Quality Investor Base As at 31 January 2026, Associate Global Partners proudly serves 12,900 unitholders and shareholders* across its product suite 19 1,999 WCM Products (WCM Large Cap and Small Cap Funds) Income Products (Switzer Income Products and Vertium) Institutional Products (THB Micro Cap Fu
Slide 18: Investment Manager Partners
Investment Manager Partners 17
Slide 19: Global Equities – WCM Investment Management
Global Equities – WCM Investment Management Since partnering with Associate Global Partners in June 2017, WCM now has $1.234 billion in retail FUM in Australia serving over 10,000 retail and wholesale investors*. Product FUM Highlights • WQG reported a strong H1 FY26 financial performance, announced
Slide 20: WCM Investment Management
WCM Investment Management A Proven World Class Investment Manager AGP’s scaled national distribution platform continues to drive FUM growth across the WCM Large strategy. • WCM Quality Global Growth Key growth drivers supported by AGP’s distribution platform include: o WCM Global Growth Limited (WQG
Slide 21: Large-Cap Track Record
Large-Cap Track Record Annualised returns of the WCM Quality Global Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 3, 7 and 10-year basis and since inception. 26.87% 19.83% 18.17% 16.56% 14.11% 14.52% 14.43% 14.59% 13.42% 10.35% 8.66% 8.98% 1 Year
Slide 22: Small-Cap Track Record
Small-Cap Track Record Annualised returns of the WCM International Small Cap Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 7 and 10-year basis and since inception. 21.46% 16.12% 13.26% 14.52% 12.66% 12.72% 10.79% 10.96% 10.25% 10.14% 7.57% 3.37%
Slide 23: Thomson, Horstmann & Bryant
Thomson, Horstmann & Bryant THB US Micro-Cap Fund • Thomson, Horstmann & Bryant (THB) is a dedicated micro and small cap specialist investment franchise based in Connecticut, USA. • Founded in 1982, THB has over 40 years of experience investing in US micro-cap stocks and has one of the longest and m
Slide 24: Vertium Asset Management
Vertium Asset Management Vertium Equity Income Fund • Vertium Asset Management Pty Ltd (Vertium) is a Sydney-based Australian equity fund manager. • Vertium was created to fill a perceived void in the market for retirement portfolios: a strategy that can provide income (and capital growth potential)
Slide 25: Income Suite
Income Suite Switzer Dividend Growth Fund Active ETF (ASX:SWTZ) • SWTZ aims to generate an above-market yield while maximising franking where possible and deliver capital growth over the long term. • Vertium has been the investment manager of SWTZ since 28 March 2024. • The fund remains focused on d
Slide 26: Muzinich and Co
Muzinich and Co • Founded in 1988, Muzinich & Co. (Muzinich) is a privately owned global credit manager specialising in public and private corporate credit for institutional investors across North America, Europe and Asia. • Muzinich manages over A$62.6 billion in assets and has a proven track recor
Slide 27: Financial Performance and Position
Financial Performance and Position 26
Slide 28: Operating Profitability Achieved in H1 FY26
Operating Profitability Achieved in H1 FY2 Strong momentum into H2 FY26 • The Group’s total revenue in H1 FY26 increased by 10.2% to $3,565,000 (H1 FY25: $3,236,000), attributable mainly to favorable market conditions and FUM growth. • The increase in total revenue was driven by an increase in inves
Slide 29: Strong Financial Position
Strong Financial Position • The Group’s cash balance as at 31 $’000 31 December 2025 30 June 2025 December 2025 was $5.196 million, up from ASSETS $4.842 million as at 30 June 2025. Current assets Cash and cash equivalents 5,196 4,842 • As at 31 December 2025, AGP had: Other current assets 1,498 1,3
Slide 30: Strategic Priorities
Strategic Priorities ASSOCIATE GLOBAL PARTNERS AGP
Slide 31: Strategic Priorities: Well Positioned for Future Growth
Strategic Priorities Well Positioned for Future Growth Grow Manager Expanding Distribution Launching Products & Financial Partnerships and Diversifying Investors Exploring Growth Performance • Continue to grow FUM with the • We will continue to strengthen AGP’s • Launch new products with the • The G
Slide 32: Disclaimer
Disclaimer This material has been prepared by Associate Global Partners Limited (ABN 56 080 277 998) (AGP or Group) and comprises written materials/slides for a presentation concerning the Group. This is not a prospectus, disclosure document or offering document. The Group its officers, employees, a
Slide 33: Contact Details
Contact Details MARTY SWITZER CEO and Managing Director Associate Global Partners Limited Level 12 2 Chifley Square Sydney, NSW, 2000 0407 297 702 (Marty Switzer) 1300 052 054 32
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