Guardian Directed Equity Path Portfolio (GGEP.F) · TSX:GGEP.F
Guardian Directed Equity Path Portfolio (GGEP.F) — Guardian Capital Group — Shareholder Meeting (May 2025)
21 slides from Guardian Directed Equity Path Portfolio (GGEP.F)'s shareholder meeting presentation, May 9, 2025
Slide 1: Annual Meeting of Shareholders
Guardian Capital Group Limited Annual Meeting of Shareholders George Mavroudis President and Chief Executive Officer May 9, 2025
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION Certain information included in this presentation constitutes forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of forward-looking terminology such as “outlook
Slide 3: Guardian at a Glance
AUTHENTICITY. STABILITY. TRUSTWORTHINESS. INTEGRITY. GUARDIAN AT A GLANCE v Allocation Of Capital Key Metrics over the past decade TOTAL CLIENT MARKET IN ACQUISITIONS3 IN SHARE BUYBACKS3 ASSETS1 CAPITALIZATION2 $167.2 billion $1.0 billion $261 million $215 million SHAREHOLDERS’ SECURITIES IN DIVIDEN
Slide 4: Financial Highlights 2024
FINANCIAL HIGHLIGHTS 2024 ($ millions, except per share amounts) 2024 2023 % Increase / Decrease Net revenues $ 323.4 $ 241.2 34% Operating earnings $ 38.8 $ 59.8 -35% EBITDA1 $ 70.9 $ 85.4 -17% Adjusted EBITDA2 $ 85.3 $ 85.4 0% Client assets (AUM and AUA) $ 168,979 $ 58,774 188% Shareholders’ equit
Slide 5: Financial Highlights Q1 2025
FINANCIAL HIGHLIGHTS Q1 2025 ($ millions, except per share amounts) Q1 2025 Q1 2024 % Increase / Decrease Net revenues $ 95.2 $ 62.5 52% Operating earnings $ 7.1 $ 12.3 -42% EBITDA1 $ 15.9 $ 18.9 -16% Adjusted EBITDA2 $ 20.5 $ 19.6 5% Client assets (AUM and AUA) $ 167,227 $ 61,317 173% Shareholders’
Slide 6: Financial Results by Segment
US Investment Management FINANCIAL RESULTS BY SEGMENT Canada, UK & Other Investment Management 2024 Corporate Activities and Investments $42.5 13% $9.7 25% $22.9 32% $323.4 $166.9 $38.8 $85.3 $32.8 47% (2023 - $241.2) 52% (2023 - $59.8) (2023 - $85.4) $3.4 $114.0 9% $25.7 35% 66% $15.1 21% Net Reven
Slide 7: Return to Shareholders: Dividends
RETURN TO SHAREHOLDERS: DIVIDENDS 0.390 0.370 Total Annual Dividends per Share and Quarterly Dividend rate per Share 0.340 18% Annual For the periods shown ($ millions) Growth Rate Over the past decade, 0.240 Guardian has consistently increased our dividend rate, with an 18% compounded 0.180 annual
Slide 8: Return to Shareholders: Share Buybacks
Allocation Of Capital from 2012 to Present RETURN TO SHAREHOLDERS: SHARE BUYBACKS Share Buybacks Shares Average Price Total Cost Our dividend rate has steadily risen while our shares over the past decade (in 000’s) (in $’s) (in $000’s) outstanding have decreased since 2015 0.40 33,000 Outstanding at
Slide 9: Investing in Our Business
INVESTING IN OUR BUSINESS Guardian has made a number of strategic transactions and investments in our business, investing over $261 million* over the past decade. Acquisition of GPI, BNY Mellon’s Sale of Worldsource 2014 Acquisition of a majority interest in 2020 Canadian wealth management 2022 to D
Slide 10: Managing Our Investments: Securities Holdings
MANAGING OUR INVESTMENTS SECURITIES HOLDINGS Guardian’s Securities Portfolio Guardian Capital at March 31, 2025 Proprietary Strategies (in $ millions | Total $1,201) (in $ millions) | Total $590 $306 $233 Bank of Montreal (25%) Global & US Equity (40%) $41 Proprietary Strategies (49%) Emerging Marke
Slide 11: Investment Solutions
INVESTMENT MANAGEMENT INVESTMENT SOLUTIONS US Fixed Income | $87.8B AUM Canadian Fixed Income | $5.3B AUM $87.8B $5.3B Private Client | $10.5B AUM and AUA $10.5B $167.2B Total Client Advisory Solutions | $21.8B AUM and AUA Assets $21.8B Global Equities | $19.1B AUM $5.3B $19.1B $17.4B US Equities |
Slide 12: Distribution Channels
CLIENT ASSETS DISTRIBUTION CHANNELS Institutional Canada, UK & Other Institutional $13.5 billion 62% US Institutional $91.0 billion $167.2B Retail Canada, UK & Other Retail Total Client Assets $13.6 billion 31% US Retail $38.7 billion 7% Private Wealth $10.5 billion As at March 31, 2025 12
Slide 13: Strategic Plan Update
GUARDIAN CAPITAL STRATEGIC PLAN UPDATE During 2024 and 2025 YTD, Guardian has made the following progress towards our objectives set out in our Strategic Plan: Double the 2023 Investment Management Maintain Financial Operating Earnings and Continue Share Increase Strength and Flexibility EBITDA by 2
Slide 14: US Expansion
US EXPANSION Guardian Capital US Asset Management US Platform for Expansion US Offerings Consistent with our Strategic Plan to expand our presence in the Guardian’s US businesses offer fixed income, equities and multi- United States, the acquisition of Sterling significantly enhances asset solutions
Slide 15: Guardian's Future
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE Balance sheet that supports long term innovation and success Constantly investing and seeding for future growth Successful investments have produced diversified set of opportunities Several levers of optionality present or incuba
Slide 16: Guardian's Future: US Fixed Income Expansion
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE Currently Guardian’s US Fixed Income teams of approximately 40 investment professionals manage US$66 billion in client assets US Fixed Income Expansion 16
Slide 17: Guardian's Future: Canadian and US Retail Channel
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE Guardian has established relationships with approximately 40 US and 25 Canadian retail distribution networks and has existing AUM of over $50 billion US Fixed Income Canadian and US Expansion Retail Channel Opportunities 17
Slide 18: Guardian's Future: Technology Improvements
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE Guardian is undergoing a multi-year technology enhancement project to enhance our operations and better serve our clients US Fixed Income Canadian and US Technology Expansion Retail Channel Improvements Opportunities 18
Slide 19: Guardian's Future: Innovative Product Manufacturing
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE Guardian has over 80 unique products across our businesses, with more under development US Fixed Income Canadian and US Technology Our skill at Expansion Retail Channel Improvements innovative product Opportunities manufacturing
Slide 20: Guardian's Future: Strong Balance Sheet
PROVIDING EXCELLENT OPTIONALITY FOR OUR SHAREHOLDERS GUARDIAN’S FUTURE US Fixed Income Canadian and US Technology Our skill at Strong Balance Expansion Retail Channel Improvements innovative product Sheet Opportunities manufacturing 20
Slide 21: Questions?
Questions? Explore the world of Guardian Capital guardiancapital.com
Guardian Capital Group — Shareholder Meeting (May 2025) on 6ix