Associate Global Partners Limited · ASX:APL
Associate Global Partners — Shareholder Meeting (November 2023)
26 slides from Associate Global Partners's shareholder meeting presentation, Nov 13, 2023
Slide 1: Annual General Meeting Presentation
Associate Global Partners Limited (ASX: APL) Annual General Meeting Presentation Marty Switzer Managing Director and CEO November 2023
Slide 2: Disclaimer
Disclaimer This material has been prepared by Associate Global Partners Limited (ABN 56 080 277 998) (AGP) (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, ag
Slide 3: About Associate Global Partners Limited
About Associate Global Partners Limited Associate Global Partners (AGP) is a multi-boutique asset management firm. Our purpose is to provide Australian investors with access to unique, world-class investment strategies that help them achieve their financial objectives. At AGP, we partner with leadin
Slide 4: Overview: FY23 Initiatives and Highlights
Overview FY23 Initiatives and Highlights • Continued FUM growth with established managers - WCM Investment Management (WCM) and Woodbridge Capital (Woodbridge) • Improved market conditions in 2H FY23, especially for global equities, had a positive influence on the portfolio returns for the WCM Large
Slide 5: Group Product Suite
Group Product Suite An exceptional range of investment capabilities across asset classes Distributed Product Suite Distributed Product Suite The Large and Small Woodbridge Capital Established in 2017, Vinva Investment The Switzer Dividend THB Asset Management portfolios are managed by (Woodbridge) i
Slide 6: Growing Distribution Capability
Growing Distribution Capability The Group continues to build its marketing and distribution platform Direct Advised High Net Worth Consultants and Institutions Direct and retail broker Experienced distribution High Net Worth individuals, Platforms Engagement with channels including the and marketing
Slide 7: Growth in FUM since 2017
Growth in FUM since 2017 As at 8 November 2023, Associate Global Partners Funds Under Management (FUM) totalled $1.154 billion1. • FUM has grown significantly since calendar year 2022 with improving market conditions, acquisition of Brookvine and agreement with Vertium Asset Management. • FUM growth
Slide 8: Growth in Retail Investor Base
Growth in Retail Investor Base As at 30 September 2023, Associate Global Partners had 13,794 unitholders and shareholders* across its product suite September 2017 September 2020 September 2023 8,504 investors 13,057 investors 13,794 investors 07 *Source: Link Market Services. Note: Contango Microcap
Slide 9: 1. Continued Growth of Established Investment Manager Partnerships
1. Continued Growth of Established Investment Manager Partnerships
Slide 10: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Associate Global Partners in June 2017, WCM now has $812m in retail FUM in Australia*. Product FUM Highlights • Net Operating Profit after tax for the year ended 30 June 2023 of $37,184,000. WCM Global Growth Limited $267m • De
Slide 11: 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 5 and 10-years basis and since inception. 14.17% 12.53% 12.50% 12.16% 11.77% 10.95% 10.47% 9.07% 8.84% 4.13% 1 Year 3 Years 5 Years
Slide 12: 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 5-years basis and since inception. Data as at 31 October 2023 in AUD. Performance is in AUD, net of fees and includes the r
Slide 13: Woodbridge Capital
Woodbridge Capital Woodbridge Private Credit Fund • The Woodbridge Private Credit Fund was launched with the purpose of providing wholesale investors with direct and indirect exposure to first mortgage (senior secured) asset backed commercial real estate and agriculture loans in Australia and New Ze
Slide 14: Income Suite
Income Suite Switzer Dividend Growth Fund Powered by (Quoted Managed Fund) (ASX:SWTZ) • SWTZ aims to generate an above-market yield while maximising franking where possible and deliver capital growth over the long term. • Since April 2021, SWTZ has been managed by Blackmore Capital Pty Limited (Blac
Slide 15: 2. M&A and Strategic Initiatives
2. M&A and Strategic Initiatives
Slide 16: Acquisition of Brookvine
Acquisition of Brookvine In April 2023, AGP announced the acquisition of Brookvine Pty. Limited (Brookvine). Brookvine was founded in 2021 and operates a multi-boutique, third- party distribution and placement business which brings investment opportunities to institutional investors. The acquisition
Slide 17: THB Asset Management
THB Asset Management • THB US Micro-Cap Fund • THB International (ex-USA) Micro Cap Fund • THB Asset Management (THB), an investment franchise of Victory Capital Management Inc., is a dedicated micro and small cap specialist investment franchise based in Connecticut, USA. • Founded in 1982, THB has
Slide 18: New Distribution Agreements
New Distribution Agreements Global Systematic Equities Fund and Vertium Equity Income Fund Australian Equities Extension Fund • On 28 June 2023, AGP entered into a new distribution agreement with Vertium • On 2 August 2023, AGP entered into a new distribution with Specialised Private Asset Managemen
Slide 19: 3. Financial Position and Performance
3. Financial Position and Performance
Slide 20: Financial Position and Performance
Financial Position and Performance • The Group’s cash balance as at 30 September 2023 was $3.712 million • Associate Global Partners has: o cash and current receivables of $5.509 million o current payables and borrowings of $2.654 million o other non-current debt of $1.252 million. Revenues from Man
Slide 21: 4. FY24 Strategic Priorities
4. FY24 Strategic Priorities
Slide 22: Well Positioned for Future Growth
Well Positioned for Future Growth FY24 strategic priorities Diversified product Growing distribution Launch new products and Financial suite footprint/ distribution look at new growth performance capability opportunities • Continue growth of established, • Continue to launch new products • The Group
Slide 23: 5. Entitlement Offer
5. Entitlement Offer ASSOCIATE GLOBAL PARTNERS AGP
Slide 24: Equity raising details
Equity raising details APL is undertaking a $1.6m fully underwritten entitlement offer • $1.614m equity raising being conducted via a fully underwritten, one for six, pro-rata non-renounceable entitlement offer of new fully paid ordinary shares in the Company (New Shares) at an offer price of $0.20
Slide 25: Equity raising timetable
Equity raising timetable SUMMARY OF KEY DATES DATE Announcement of Entitlement Offer Monday, 30 October 2023 Ex-entitlement date Wednesday, 1 November 2023 7.00pm (Sydney time), Thursday 2 November Record date 2023 Offer booklet and Entitlement and Acceptance Form lodged with ASX and provided to sha
Slide 26: 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
Associate Global Partners — Shareholder Meeting (November 2023) on 6ix