Value Partners Group Limited · HKEX:806
Value Partners — H1 2012 Earnings Presentation
21 slides from Value Partners's earnings presentation, Aug 21, 2012
Slide 1: Value Partners Group Limited
VALUE PARTNERS GROUP LIMITED 806 % 266.6 385.4 -30.8% 228.3 251.0 -9.0% 0.9 107.0 -99.2% 88.2 198.7 -55.6% 5.0 11.3 -55.8% 5.0 11.1 -55.0% 1
Slide 2: Consolidated income statement
2 266,577 385,427 (86,438) (80,662) 180,139 304,765 25,437 13,340 205,576 318,105 (803) (5,469) (75,268) (94,488) (6,466) (5,958) (34,221) (25,661) (116,758) (131,576) 3 14,361 42,647 103,179 229,176 (4,505) (158) – (2,186) 98,674 226,832 4 (14,700) (28,101) 83,974 198,731 (170) (1,310) (2,192) – (2
Slide 3: Consolidated balance sheet
9,190 8,129 54,746 52,670 93,000 78,000 45,414 – 132 328 7 1,162,835 959,556 13,636 13,529 1,378,953 1,112,212 7 25,548 21,081 8 62,548 61,427 31,584 37,362 9 996,277 1,315,348 1,115,957 1,435,218 15,412 69,501 10 26,034 23,933 25,962 21,197 22,875 8,785 90,283 123,416 1,025,674 1,311,802 2,404,627
Slide 4: Notes: revenue and other income
1. 34 28 9 10 12 13 2. 228,302 251,003 905 106,954 37,370 26,713 – 757 266,577 385,427 3. 15,000 9,694 27,876 29,824 (27,265) (5,444) (1,250) 8,573 14,361 42,647 4
Slide 5: Notes: taxation and earnings per share
4. 16.5% 16.5% 14,574 27,329 229 699 (299) – 14,504 28,028 196 73 14,700 28,101 5. 88,158,000 198,731,000 1,755,202,800 1,755,210,215 1,755,202,800 1,755,210,215 2,968,151 27,929,928 6. 101,802,000 5
Slide 6: Notes: financial assets
7. – – 2,437 2,458 – – 2,437 2,458 – – 244,015 58,630 – – 244,015 58,630 225,753 196,599 – – – – 225,753 196,599 225,753 196,599 246,452 61,088 – – 472,205 257,687 – – 85,156 85,107 – – 85,156 85,107 – – – – 1,284 1,187 1,284 1,187 16,128 – – – – – 16,128 – 473,108 571,424 – – – – 473,108 571,424 75
Slide 7: Notes: payables and share capital
9. 196,901 1,266,858 792,169 47,505 7,207 985 996,277 1,315,348 10. 0 30 24,080 23,070 31 60 1,236 327 61 90 471 151 90 247 385 26,034 23,933 11. 1,752,192,981 866,717 5,210,819 28,659 1,757,403,800 895,376 1,755,202,800 889,213 7
Slide 8: 7,100 5,400 2.666 10.9% 8,820 55.6% 1.061 3.4% 7.5%
72 7,100 5,400 2.666 10.9% 8,820 55.6% 1.061 1 3.4% 2 7.5% 8
Slide 9: Awards and fund performance
i) 40 2,500 A 1 16.2% 22.7% 7.4% 1.3% 28.2% 37.4% AsiaHedge Awards 10 3 Asia Asset Management 20124 30 Institutional Investor 25 ii) 7,500 5 6,300 7,000 9
Slide 10: ETF products and developments
iii) (UCITS) 5 ETF ETF ETF ETF ETF ETF ETF 3,100 ETF 3A ETF 49% 5,000 66 11 1.79 5 7.32 1.15 2.3 3,600 6.8 1 6 (CEPA) 10
Slide 11: China: The World's Best Opportunity for Asset Managers
1 A +41.1% -47.9% +82.9% +20.2% -17.2% -3.4% 2 +44.2% -46.8% +82.8% +25.8% -11.9% +7.5% 3 4 5 6 Z-BEN Advisors China: The World’s Best Opportunity for Asset Managers 11
Slide 12: 30.8% 2.666 3.854 8,820 55.6% 1.987 71.50 7,100 1.0% 3.4% 2 7.5% 9.54 11.19
72 30.8% 2.666 3.854 8,820 55.6% 1.987 71.50 7,100 1.0% 1 3.4% 2 7.5% 9.54 11.19 11.73 8.83 3 7,100 5,400 2,000 1,814 1,500 1,000 1,119 1,173 954 883 913 901 500 71 (54) 0 -500 12
Slide 13: Assets under management breakdown
2 7,154 954 (883) (75) 7,150 0 2,000 4,000 6,000 8,000 10,000 9,163 9,000 8,480 8,191 7,905 8,000 7,665 7,779 7,656 7,580 7,000 7,103 7,154 7,225 7,150 6,755 6,000 07/11 08/11 09/11 10/11 11/11 12/11 01/12 02/12 03/12 04/12 05/12 06/12 55% 55% (91%) ETF ETF 5 6 (77%) 2011 2011 2011 12 31 12 31 12 31
Slide 14: AUM by client and region; results summary
78% 22% 68% 69% 22% 21% 2011 2011 1231 1231 2011 2011 12 31 12 31 • 34% 35% • 68% 69% • 27% 27% • 11% 11% • 22% 22% • 11% 10% • 8% 7% • 4% 5% • 5% 5% • 6% 5% • 3% 3% • 1% 1% % 266.6 385.4 -30.8% 228.3 251.0 -9.0% 0.9 107.0 -99.2% 88.2 198.7 -55.6% 5.0 11.3 -55.8% 5.0 11.1 -55.0% 14
Slide 15: Financial results by segment
7 7 7 266.0 0.6 266.6 385.4 227.7 0.6 228.3 251.0 0.9 – 0.9 107.0 37.4 – 37.4 27.4 (86.4) (0.0) (86.4) (80.6) (50.6) (0.0) (50.6) (51.1) (0.0) – (0.0) (3.9) (35.8) – (35.8) (25.6) 19.8 5.6 25.4 13.3 199.4 6.2 205.6 318.1 30.8% 2.666 3.854 10.9% 75.80 85.04 2.283 2.510 78 76 7.2% 8,640 8,060 1 61 60
Slide 16: Detailed income and costs
7 7 7 15.0 – 15.0 9.7 27.9 – 27.9 29.8 (27.3) – (27.3) (5.4) (1.2) – (1.2) 8.5 14.4 – 14.4 42.6 7 7 7 66.2 9.9 76.1 100.0 48.8 9.9 58.7 43.5 15.4 – 15.4 48.7 1.2 – 1.2 2.3 0.8 – 0.8 5.5 34.9 5.8 40.7 31.6 24.0 4.3 28.3 22.3 6.6 1.1 7.7 5.7 2.5 0.4 2.9 2.2 1.8 – 1.8 1.4 101.1 15.7 116.8 131.6 2.1 16
Slide 17: 1,520 5,870 4,350 1,540 4,870 20% 23% 25% 2,830 2,230 430 770 570 1,000
1,520 5,870 4,350 990 1,540 4,870 20% 23% 25% 120 230 80 2,830 2,230 430 770 570 1,000 180 17
Slide 18: 8,820 1.987 61.8% 6,670 1.746 49% 4,990 1.79 7.32 1.15 55.46% 60% 3.189 23
8,820 1.987 61.8% 6,670 1.746 49% 8 4,990 66 11 1.79 5 7.32 1.15 55.46% 60% 3.189 23 11 3,500 5 8.75 2,900 90% 3 9.963 3,810 12.4 18
Slide 19: 24.046 17.6 A +41.1% -47.9% +82.9% +20.2% -17.2% -3.4% +44.2% -46.8% +82.8% +25.8% -11.9%
24.046 17.6 1 A +41.1% -47.9% +82.9% +20.2% -17.2% -3.4% 2 +44.2% -46.8% +82.8% +25.8% -11.9% +7.5% 3 1,400 4 49% 5 6 7 8 19
Slide 20: 3.68 2410
3.68 114 121 23 10 8 2410 20
Slide 21: Contact details
(www.hkexnews.hk) (www.valuepartners.com.hk) Lee Siang Chin 21