Slide 1: Half-year Results 2020 Data Pack
Half-year Results 2020 Data Pack July 2020
Slide 2: Contents
Contents Page Assets under management (AUM) 2 Regional diversification of AUM 3 Gross and net flows 4-5 Currency profile of AUM 6 AUM by business area, region and product 7-9 Asset Management AUM – detailed asset class analysis 10 Asset Management gross and net flows 11-14 Wealth Management 15 Net o
Slide 3: Assets under management (AUM)
Assets under management (AUM) £525.8 billion at 30 June 2020 Private Assets & Asset Wealth £bn Solutions Mutual Funds Institutional Total AUM Alternatives Management Management 1 January 2020 44.2 142.8 102.4 144.1 433.5 66.7 500.2 Net flows (0.4) 42.7 (4.8) (0.7) 36.8 1.3 38.1 Acquisitions1 - - - -
Slide 4: Assets under management (AUM) by region
Assets under management (AUM) £525.8 billion at 30 June 2020 Continental UK Europe £ 2 5 5 .0 b n £84.2bn North America £70.6bn Middle East and Africa £10.3bn Asia Pacific South America £97.7bn £ 8 .0 b n 3 Data Pack 2020
Slide 5: Gross flows
Gross flows Half-yearly £bn 100 94.0 90.5 80 60 52.7 50.9 42.1 37.8 40 20 0 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management 4 Data Pack 2020
Slide 6: Net flows
Net flows Half-yearly £bn 50 38.1 44.6 40 30 20 8.8 1.2 10 0 (10) (1.2) (10.7) (20) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management 5 Data Pack 2020
Slide 7: Currency profile of AUM
Currency profile of AUM Assets under management £525.8 billion 8% 2% 2% 3% 3% 31% 3% 6% 14% 28% USD¹ GBP EUR CNY JPY AUD CHF TWD KRW Other² 1USD includes other currencies pegged to USD, including HKD. 2Includes the following currencies which individually constitute 1% of AUM: SGD, INR, IDR, BRL, CAD
Slide 8: Total AUM by business area, region and product
Total AUM by business area, region and product Assets under management £525.8 billion By business area By region1 By product 9% 9% 15% 12% 28% 12% 31% 18% 48% 18% 19% 33% 19% 29% UK Institutional Equities Solutions Asia Pacific Multi-asset Mutual Funds Europe, Middle East & Africa Fixed Income Wealt
Slide 9: Asset Management AUM by business area and product
Asset Management AUM by business area and product Assets under management £460.1 billion Private Assets & Mutual Funds £94.1bn Solutions £175.2bn Institutional £145.5bn Alternatives £45.3bn Real estate 36% Private Equity 19% Multi asset 78% Equities 50% Equities 65% Securitised credit 19% Equities 1
Slide 10: Asset Management AUM by business area and region
Asset Management AUM by business area and region Assets under management £460.1 billion Private Assets & Alternatives Solutions £175.2bn Mutual Funds £94.1bn Institutional £145.5bn £45.3bn Europe, Middle East & Africa 55% UK 79% Europe, Middle East & Africa 36% Asia Pacific 31% UK 25% Asia Pacific 1
Slide 11: Asset Management AUM – detailed asset class analysis
Asset Management AUM – detailed asset class analysis Assets under management £460.1 billion Equities £162.4bn Multi-asset £150.9bn Fixed Income £101.5bn Private Assets & Alternatives £45.3bn Asia Pacific 23% 30% Real estate Global 18% Risk controlled growth 51% Private Equity Global US 27% Emerging
Slide 12: Alternatives – gross and net flows
Private Assets & Alternatives – gross and net flows Assets under management £45.3 billion £bn 8.0 5.9 6.0 3.7 3.6 4.0 3.3 3.2 3.2 3.2 1.8 2.0 1.4 0.9 0.0 (0.4) (0.4) (2.0) (1.5) (1.8) (2.3) (2.7) (4.0) (4.1) (4.0) (6.0) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Gross inflows Gross outflows Net
Slide 13: Solutions – gross and net flows
Solutions – gross and net flows Assets under management £175.2 billion £bn 60.0 55.8 50.0 42.7 40.0 40.0 32.4 30.0 20.0 10.7 10.0 7.6 6.9 6.6 2.6 3.4 2.1 0.2 0.0 (10.0) (5.0) (4.5) (7.3) (6.7) (7.6) (13.1) (20.0) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Gross inflows Gross outflows Net flows
Slide 14: Mutual Funds – gross and net flows
Mutual Funds – gross and net flows Assets under management £94.1 billion £bn 30.0 24.3 23.4 19.3 20.1 20.0 18.8 16.4 10.0 3.3 0.7 0.3 0.0 (1.8) (4.2) (4.8) (10.0) (20.0) (20.6) (19.8) (21.0) (22.7) (21.1) (23.6) (30.0) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Gross inflows Gross outflows Net
Slide 15: Institutional – gross and net flows
Institutional – gross and net flows Assets under management £145.5 billion £bn 20.0 11.3 11.6 11.4 10.0 9.1 8.0 7.6 0.0 (0.3) (0.7) (2.0) (5.0) (5.1) (10.0) (8.6) (11.6) (11.1) (12.7) (12.1) (16.6) (16.6) (20.0) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Gross inflows Gross outflows Net flows 1
Slide 16: Wealth Management
Wealth Management Assets under management £65.7 billion Clients by portfolio size Gross and net flows £bn 20 13% 14% 16.9 15 13.8 8% 10 18% 9% 5 4.4 4.4 3.8 3.3 3.4 1.4 1.2 0.9 1.3 0.5 10% 0 12% (3.0) (2.6) (2.8) (2.5) (3.1) (3.1) 16% (5) H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 <£1m £1m - £5
Slide 17: Net operating revenue and margins – Asset Management
Net operating revenue and margins – Asset Management Asset Management net operating revenue £819.9 million £m FY 2019 H1 2019 H1 2020 Performance fees - £m 42.9 1.9 17.4 Net carried interest - £m 29.3 25.4 1.0 Performance fees and net carried interest on average AUM 2 bps 1 bps 0 bps Net operating r
Slide 18: Income statement progression – Asset Management
Income statement progression Asset Management profit before tax £m H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Net operating revenue 911.1 877.7 852.9 910.2 819.9 Net gain/(loss) on financial instruments and other income 1.5 (4.8) 0.5 (5.9) (4.1) Share of profit of associates and joint ventures 8.9 6.8
Slide 19: Income statement progression – Wealth Management
Income statement progression Wealth Management profit before tax £m H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Net operating revenue 139.9 142.0 140.4 161.7 180.4 Net gain on financial instruments and other income 3.7 3.8 3.2 3.3 6.6 Share of profit of associates and joint ventures 0.2 0.2 0.4 0.6 0.6
Slide 20: Income statement progression – Group segment
Income statement progression Group segment profit/(loss) before tax £m H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 Net gain on financial instruments and other income 18.8 10.3 21.5 19.3 5.7 Share of profit of associates 2.0 1.8 2.5 1.6 - Net income 20.8 12.1 24.0 20.9 5.7 Operating expenses (19.8) (16.1
Slide 21: Cost and return metrics
Cost and return metrics Total Schroders Group costs 2019 H1 2019 H1 2020 Total compensation ratio Total compensation ratio1 44% 44% 45% = compensation costs divided by net income2 Headcount 5,673 5,339 5,521 Ratio of total costs to net income Total costs (£m)1 1,423.6 692.2 697.7 = costs divided by
Slide 22: Group capital
Group capital Capital Base Capital Allocation £m 3,848 3,924 3,848 3,924 4,000 4,000 1,007 1,203 1,216 1,363 3,000 3,000 216 96 578 621 2,000 1,127 1,100 2,000 408 318 148 97 1,000 1,000 1,498 1,525 1,498 1,525 0 0 31 December 2019 30 June 2020 31 December 2019 30 June 2020 Working capital – regulat