GQG Partners, Inc. · ASX:GQG
GQG Partners — Shareholder Meeting (May 2024)
25 slides from GQG Partners's shareholder meeting presentation, May 23, 2024
Slide 1: 2024 Annual Meeting of Stockholders - ASX Announcement
GQG Partners Inc. ARBN 651 066 330 Headquarters 450 East Las Olas Boulevard, Suite 750 Fort Lauderdale, Florida 33301, USA +1.754.218.55000 23 May 2024 GQG Partners ASX Announcement 2024 ANNUAL MEETING OF STOCKHOLDERS For personal use only GQG Partners Inc. (GQG Partners or the Company) (ASX: GQG) a
Slide 2: Chairman's and CEO's Remarks
GQG Partners Inc. Annual Meeting of Stockholders 23 May 2024 2024 ANNUAL MEETING OF STOCKHOLDERS - CHAIRMAN’S REMARKS MR. RAJIV JAIN, EXECUTIVE CHAIRMAN AND CHIEF INVESTMENT OFFICER As many of you know, we founded GQG with the vision of building an enduring institution that would outlive us, where o
Slide 3: CEO's Remarks (continued)
GQG Partners Inc. Annual Meeting of Stockholders 23 May 2024 substantially lower volatility than our benchmarks as well. This is an extraordinary result, and I believe underscores the health of the business. With all of this said, we recognize that these are yesterday’s achievements, and to continue
Slide 4: Preliminary Results of Annual Meeting of Stockholders
GQG Partners Inc. Annual Meeting of Stockholders 23 May 2024 GQG Partners Inc. 9:00 am (Australian Eastern Standard Time) on Thursday 23 May 2024 7:00 pm (U.S. Eastern Daylight Time) on Wednesday 22 May 2024 Preliminary Results of Annual Meeting of Stockholders The table below provides the prelimina
Slide 5: Annual General Meeting GQG Partners May 2024
For personal use only Annual General Meeting GQG Partners May 2024 RAJIV JAIN TIM CARVER MELODIE ZAKALUK RICK SHERLEY Chairman and CIO Chief Executive Officer Chief Financial Officer General Counsel and Corporate Secretary
Slide 6: Preliminary Results of Annual Meeting of Stockholders
PRELIMINARY RESULTS GQG Partners Inc. 9:00 am (Australian Eastern Standard Time) on 23 May 2024/7:00 pm (U.S. Eastern Daylight Time) on 22 May 2024 Preliminary Results of Annual Meeting of Stockholders For personal use only The table below provides the preliminary results, received as of 21 May 2024
Slide 7: Year-End Financial Results
For personal use only Year-End Financial Results MELODIE ZAKALUK Chief Financial Officer 3
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS For the Year Ended 31 December 2023 Funds Under Management — Net flows of US$10.0 billion1 for the full year ended 2023 For personal use only — Funds Under Management as at 31 December 2023 of US$120.6 billion, an increase of 37.0% from the end of 2022 — Solid flows in 2024 with
Slide 9: Financial Results Highlights
FINANCIAL RESULTS Highlights Full Year Actual Results of 2023 vs. 2022 FY23 FY22 FY23 FY22 For personal use only Closing FUM† (US$ billions) 120.6 88.0 Distributable earnings (US$ millions) 297.9 253.8 Average FUM† (US$ billions) 101.9 88.8 Dividends paid (US$ millions)* 248.0 220.5 Net revenue (US$
Slide 10: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations Consolidated Statements of Operations Commentary Year over Year Comparison — Net revenue for period ending 31 December 2023 increased by 18.5% to $517.6 million For the years ended 31 December 2023 and 2022 primarily driven by an increase in av
Slide 11: Performance Update
For personal use only Performance Update TIM CARVER Chief Executive Officer 7
Slide 12: Performance Overview: Strategy Level Performance
PERFORMANCE OVERVIEW Strategy Level Performance as at 30 April 2024 Global Equity International Equity 40 34.45 30 26.50 Total Return % For personal use only Total Return % 30 20 20 17.46 12.39 12.60 14.40 13.23 9.32 10.66 9.44 10 8.33 8.38 5.03 4.41 10 4.27 0.35 0 0 1 year 3 year 5 years ITD 1-Oct-
Slide 13: Quality Compounding
PERFORMANCE OVERVIEW Quality Compounding Global Equity Cumulative Growth and Downside Period Performance For personal use only 300% 3Q15 4Q18 1Q20 1Q22 – 3Q22 Energy China COVID Russia and Rates 250% 200% 150% 100% 50% 0% GQG -3.4% GQG -7.9% GQG -13.8% GQG -15.1% Index -9.5% Index -12.8% Index -21.4
Slide 14: Risk-Adjusted Performance
PERFORMANCE OVERVIEW Risk-Adjusted Performance Global Equity Risk-Return % International Equity Risk-Return % Since GQG Inception 1-June-2016 Since GQG Inception 1-June-2016 18 14 16 For personal use only GQG Partners 12 GQG Partners Returns Returns 14 Global Equity 10 International Equity eVestment
Slide 15: Pivoting of the Portfolio
PERFORMANCE OVERVIEW Pivoting of the Portfolio GQG Global Equity Active Exposure versus the MSCI ACWI Index % Last 3 Calendar Year Ends Current and 5-Year Sector Range Current and 5-Year Factor Range For personal use only 9.5 Energy 17.9 8.2 0.3 Materials 2.8 -0.8 -9.3 Industrials -6.4 -5.6 -8.6 Con
Slide 16: All-Weather Alpha
PERFORMANCE OVERVIEW All-Weather Alpha GQG Partners Global Equity Rolling 5-Year Outperformance and Volatility GQG outperformed the benchmark and peer universe average, with less volatility, 56 of 56 times (100%). For personal use only 1.3 9 1.2 6 1.1 3 1.0 Alpha % Beta 0 0.9 -3 0.8 -6 0.7 0.6 -9 20
Slide 17: Rolling Performance as at April 2024
PERFORMANCE OVERVIEW Rolling Performance as at 30 April 2024 Global Rolling 5-Year Return (net of fees) International Rolling 5-Year Return (net of fees) 20 20 GQG Partners International Equity For personal use only 5-Year Total Return % 5-Year Total Return % GQG Partners Global Equity 15 15 - Avera
Slide 18: Funds Under Management Rollforward and Net Flows
DISTRIBUTION OVERVIEW Funds Under Management† Rollforward of FUM (US$ Billions) BY YEAR 2019 2020 2021 2022 2023 2024 For personal use only Beginning FUM 17.6 30.7 67.0 91.2 88.0 120.6 Net Flows 7.6 25.3 17.1 8.0 10.0 6.31 Performance 5.5 11.0 7.1 -11.2 22.6 15.1 Ending FUM 30.7 67.0 91.2 88.0 120.6
Slide 19: Funds Under Management by Strategy, Channel and Region
DISTRIBUTION OVERVIEW Funds Under Management† 55.8 FUM by Strategy (US$ Billions) FUM by Channel & Region (US$ Billions) 14.3 2.4 39.6 For personal use only 52.6 35 54.8 8.7 11.6 116.6 34.6 Institutional Wholesale Sub-Advisory Americas Australia EMEA Other APAC International Global Emerging Markets
Slide 20: Operational Value Add
BUSINESS OVERVIEW Operational Value Add Estimated 2023 Impact of Investment Returns and Net Flows on Ending FUM (US$ Billions) For personal use only Since Inception Impacts on GQG Partners FUM1 2023 2023 Total Value Added 1-June-2016 Starting FUM $88.0 $0.0 $17.4 Net Flows2 +$10.0 +$85.2 $10.0 Capit
Slide 21: Investment Environment
For personal use only Investment Environment RAJIV JAIN Chairman & Chief Investment Officer 17
Slide 22: Question Time: Management Team
QUESTION TIME Management Team For personal use only RAJIV JAIN TIM CARVER MELODIE ZAKALUK RICK SHERLEY Chairman & Chief Executive Officer Chief Financial Officer General Counsel and Chief Investment Officer Corporate Secretary 18
Slide 23: Conclusion
CONCLUSION We are passionate about investing For personal use only We will always endeavour to grow, learn, adapt, and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility thr
Slide 24: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or alloc
Slide 25: Important Information
IMPORTANT INFORMATION MSCI All Country World (Net) Index (MSCI ACWI) The MSCI All Country World (Net) Index (MSCI ACWI) captures large and mid-cap representation across 23 developed and 24 emerging markets countries. Developed countries Australia, Austria, Belgium, Canada, Denmark, Finland, France,