Agf Management Limited Class B · TSX:AGF.B
Agf Management Limited Class B — Q4 2020 Earnings Presentation
14 slides from Agf Management Limited Class B's earnings presentation, Jan 27, 2021
Slide 1: AGF Management Limited Earnings Conference Call Q4 2020
AGF Management Limited Earnings Conference Call Fourth Quarter 2020 January 27th, 2021
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The forward looking information is provided as of January 27, 2021. Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the meaning of securit
Slide 3: Conference Call Participants
Conference Call Participants Presenting Kevin McCreadie, CFA, MBA Chief Executive Officer & Chief Investment Officer Adrian Basaraba, CPA, CA, CFA Senior Vice-President & Chief Financial Officer Available for questions Judy G. Goldring, LL.B, LL.D, ICD.D President & Head of Global Distribution 3
Slide 4: Today's Discussion
Today’s Discussion • Highlights of the 4th Quarter and Fiscal 2020 • Business Updates • Financial Results • Capital & Liquidity • Focus & Priorities 4
Slide 5: Fiscal 2020 Highlights
Fiscal 2020 Highlights Continued progress toward stated objectives Successfully Private alternatives completed SIB of AUM reaches $40 million $2.8 billion Adjusted diluted Lipper Fund Awards1 5% reduction in AGF U.S. Small-Mid Cap SG&A compared EPS of $0.42 Fund | AGF Global 5% higher than Convertib
Slide 6: Line of Business Performance
Line of Business Performance ($ millions) Q4 2019 Q4 2020 Change Mutual funds 19,346 20,322 5% Institutional, Sub-advisory & ETF 10,755 9,638 (10%) Private Client 6,100 6,043 (0.9%) Private Alternatives 2,580 2,810 9% Total 38,781 38,813 0.1% 6
Slide 7: Mutual Fund Business Review
Mutual Fund Business Review IFIC Industry Net Sales ($B)1 AGF Retail Mutual Fund Net Sales ($M)2 16.1 66 10.8 11.0 3.8 (4) (93) (141) (15.1) (181) Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 (1) Industry long-term funds net sales per IFIC. (2) Retail mutual fund n
Slide 8: Financial Results
Financial Results Adjusted for one-time items noted in the MD&A and restated for IFRS 161,2,3,4,5 Sequential Quarter Year Over Year ($ millions, except per share amounts) Q4-20 Q3-20 Variance 2020 2019 Variance Revenue 105.0 106.2 (1.1%) 407.0 432.6 (5.9%) SG&A 43.1 46.1 6.5% 174.7 184.5 5.3% Includ
Slide 9: Financial Results – BPS Detail
Financial Results – BPS Detail1,2 (bps of average AUM) Q4-20 TTM Average AUM excl. Private Alternatives ($B)3 34.5 34.4 Average Mutual Fund 19.5 18.8 Average Institutional, Sub-Advisory, ETFs & 15.1 15.6 Private Client Revenue (bps)4 114 111 Less: Trailer Fees (bps) 35 34 SG&A (bps)5 50 51 EBITDA be
Slide 10: Capital & Liquidity
Capital & Liquidity1 60 400% 55 350% 50 53 51 49 300% 46 40 250% ($ millions) 200% 30 150% 20 100% 47% 49% 51% 45% 53% 50% 10 0% - -50% TTM Q4-FY19 TTM Q1-FY20 TTM Q2-FY20 TTM Q3-FY20 TTM Q4-FY20 TTM FCF TTM Dividend to FCF % (1) Free cash flow represents cash av ailable for distribution to our shar
Slide 11: 2021 Focus & Priorities
2021 Focus & Priorities Deliver Position AGF Meet expense Drive the to reach guidance of consistent and repeatable organization to $5 billion $180 million sustainable in private while continuing investment net inflows alternative to invest in key performance assets growth areas 11
Slide 12: Thank You!
Thank You! To learn more about AGF’s history visit: www.agf.com/ca/en/about- agf/our-story
Slide 13: DISCLAIMER: AGF Global Convertible Bond Fund (MF Series)
DISCLAIMER: AGF Global Convertible Bond Fund (MF Series) AGF Global Convertible Bond Fund (MF Series): AGF Global Convertible Bond Fund (MF Series) was awarded the 2020 Refinitiv Lipper Fund Award in the High Yield Fixed Income category for the three- and five-year periods out of a classification to
Slide 14: DISCLAIMER: AGF U.S. Small-Mid Cap Fund (MF Series)
DISCLAIMER: AGF U.S. Small-Mid Cap Fund (MF Series) The AGF U.S. Small-Mid Cap Fund (MF Series): The AGF U.S. Small-Mid Cap Fund (MF Series) was awarded the 2020 Lipper Fund Award in the U.S. Small/Mid Cap Equity category for the 3- and 5-year periods out of a classification total of 25 and 23 funds