Navigator Global Investments Ltd · ASX:NGI
Navigator Global Investments — FY2019 Earnings Presentation
23 slides from Navigator Global Investments's earnings presentation, Aug 8, 2019
Slide 1: 2019 Annual Results Presentation
2019 Annual Results Presentation Sean McGould, CEO & Amber Stoney, CFO 8 August 2019
Slide 2: 2019 Snapshot
2019 Snapshot US$14.2 billion US$105.4 million Closing AUM Management fee revenue ↑ 40% ↓ 15% 16.7 105.4 14.2 75.5 71.2 9.5 FY17 FY18 FY19 FY17 FY18 FY19 US$37.7 million 17.0 US cents EBITDA Total dividends per share for the year ↑ 10% ↑ 6% 17.0 37.7 16.0 34.2 14.0 29.8 FY17 FY18 FY19 FY17 FY18 FY19
Slide 3: 2019 Annual Financial Result
2019 Annual Financial Result
Slide 4: Summary of annual result
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of annual result 30 June 2019 30 June 2018 % USD millions USD millions Change Management fees 105.392 75.518 40% Performance fees 1.135 7.680 (85%) Reimbursement of fund operating expenses 6
Slide 5: Reconciliation of total expenses to net operating expenses
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Reconciliation of total expenses on page 4 to net operating expenses 30 June 2019 30 June 2018 % USD millions USD millions Change Employee expense 48.573 35.477 (37%) Professional and consulting exp
Slide 6: Revenue: management fees and performance fees
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Revenue Management fees Performance fees Management fee revenue was up 40% to $105.4 million. The Group earns performance fees on selected Commingled Funds and Customised Solutions portfolios. The f
Slide 7: Net operating expenses and employees by department
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Net operating expenses Employee expenses Professional & consulting There was an $13.1 million (37%) increase in employee costs for the Group as compared to The Group utilises a number of expert cons
Slide 8: Results from investments and management activities
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Summary of results by half year period FY2017 FY2018 FY2019 H1 H2 H1 H2 H1 H2 USD USD USD USD USD USD millions millions millions millions millions millions Management fee income 34.770 36.387 37.777
Slide 9: Solid Balance Sheet
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Solid Balance Sheet Net Tangible Assets per share: Cash Trade & other receivables Current assets 40.6 US$29.0 million US$19.4 million 35.8 30.8 Key sources and uses of cash for the period: Predomina
Slide 10: Dividends and annual dividend yield
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Dividends Capital management policy Annual dividend yield The Company has a policy of paying a dividend of 70% to 80% of the earnings 8.00% before interest, tax, depreciation and amortisation and im
Slide 11: Total Returns
Total Returns NGI – 5 years to 28 June 2019 Total Return Analysis NGI – 10 years to 28 June 2019 Total Return Analysis 2014 2015 2016 2017 2018 2019 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Bloomberg 11
Slide 12: AUM & performance
AUM & performance
Slide 13: US$14.2 billion of AUM
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. US$14.2 billion of AUM As at 30 June 2019 Historical growth Lighthouse Customised Clients 7.14 16.7 14.2 14.2 billion 9.5 8.7 8.4 MAS Commingled 0.89 Lighthouse MAS Customised Commingled Clients 2.2
Slide 14: AUM fall from opening peak
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. AUM fall from opening peak Changes in AUM over FY19 1 July 2018 Net Flows Performance 30 June 2019 Note 1 Note 2 & 3 Note 3 Commingled Funds - Lighthouse USD 4.65 bn ↓ USD 0.67 bn ↓ USD 0.07 bn USD
Slide 15: Key Lighthouse Funds – performance
The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Key Lighthouse Funds – performance June 2019 performance estimates Calendar 3 Year Lighthouse Fund June 2019 3 Year 5 Year YTD Volatility Lighthouse Diversified Fund Limited Class A 1.05% 4.51% 3.14
Slide 16: Business Overview
Business Overview
Slide 17: Navigator Global Investments
Navigator Global Investments A global investment group dedicated to managing hedge fund solutions Navigator Global Investments Limited is the ASX-listed parent entity of the Navigator Group of companies. Lighthouse Investment Partners, LLC is the core operating subsidiary of the Group. Based in the
Slide 18: Delivering alternative investment solutions
Delivering alternative investment solutions through the advantages of hedge fund managed account innovation US$14.2 billion Total AUM1 London Chicago New York 23+ Tokyo Palm Beach Gardens Hong Kong Year track record Brisbane 139 Total employees Other Lighthouse institutions, employees, 2% 23% Asia-P
Slide 19: Our core values
Our core values A guiding force in our business philosophy Ethics & Integrity Teamwork Professionalism Do the right thing at all times Work together and use all of Treat all people (internally and in all circumstances, the resources of the firm to and externally) with respect whether or not anyone i
Slide 20: Our fundamental strengths
Our fundamental strengths In pursuit of a better hedge fund experience Executive management has remained intact and stable Stable Management More transparency, protection and control as compared Managed Accounts to traditional hedge fund investments Preference for smaller managers that are highly fo
Slide 21: Our solutions
Our solutions Striving to meet different investor needs… Ready to go….. Approximately US$5 billion in pooled funds Fully customised….. for investors to Over US$7 billion of custom choose among solutions tailored to investors’ established strategies specific portfolio needs Commingled Funds Custom So
Slide 22: Strategic goals
Strategic goals The global asset management space remain competitive. Current global markets present some very interesting challenges. Institutional investors appear to be wrestling with the two, seemingly contradictory, paths that the equity and fixed income markets are taking. In this unusual Our
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Navigator Global Investments Limited (NGI) and provides information regarding NGI and its activities current as at 8 August 2019. It is in summary form and is not necessarily complete. It should be read in conjunction with NGI’s 30 June 2019 Annual F
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