Pacific Current Group Ltd · ASX:PAC
Pacific Current — ASX Small and Mid-Cap Conference 2023
9 slides from Pacific Current's conference presentation, Sep 20, 2023
Slide 1: ASX Small and Mid-Cap Conference
For personal use only ASX Small and Mid -Cap Conference PRESENTER Pa u l Gre e n wo o d , CFA Managing Director, CEO and CIO 20 Se p te m b e r 20 23 1
Slide 2: Disclaimer
Th e in fo rm a tio n in th is p re s e n ta tio n is g e n e ra l in fo rm a tio n a b o u t Pa c ific For personal use only Cu rre n t Gro u p (‘Pa c ific Cu rre n t’ o r ‘PAC’) a n d is c u rre n t o n ly a t th e d a te o f th is p re s e n ta tio n . In p a rtic u la r, th is p re s e n ta tio
Slide 3: FY23 Overview
FY2 3 Ove rvie w For personal use only Pa c ific Cu rre n t Gro u p (PAC) is a g lo b a l inve s to r in inve s tm e n t m a n a g e m e n t firm s , with s ta ke s in 16 inve s tm e n t firm s a c ro s s th e US, Eu ro p e , Au s tra lia a n d As ia . PAC’s b o utiq ue s o ffe r a d ive rs e ra ng
Slide 4: Underlying FY23 Results
FY2 3 Un d e rlyin g FY2 3 (A$ m ) FY2 2 (A$ m ) FY2 3 (US$ m ) FY2 2 (US$ m ) Co m m e n ts Re s u lts Gro wth d rive n b y annualisatio n o f Banne r Oak and GQG, as Boutique management fees 39.7 32.5 26.7 23.6 we ll as ne w inve stm e nt in Co rd ille ra Bo utiq ue p e rfo rm a nc e fe e s 12.2 1
Slide 5: Building Value for Shareholders
Bu ild in g Va lu e fo r Sh a re h o ld e rs For personal use only NAV vs Fa ir Va lu e NAV vs Sh a re Pric e (p e r s h a re ) Affilia te Fa ir va lu e (A$m )* Bo o k va lu e (A$m ) Fa ir va lu e u p lift (A$m ) 14 11.76 11.92 $144.0m $80 .4m $6 3.6 m 12 11.0 9 11.15 10 8.64 8.25 8.53 8.30 8.40 8.3
Slide 6: Funds under Management – Affiliates
Fu n d s u n d e r Ma n a g e m e n t – Affilia te s For personal use only FUM m a n a g e d b y b o u tiq u e a s s e t m a n a g e rs with in Pa c ific Cu rre n t Gro u p ’s p o rtfo lio Cu m u la tive 3 -ye a r FUM g ro w th a s a t 3 0 J u n e 2 0 2 3 (in a ffilia te ’s lo c a l c urre nc y ($m
Slide 7: Strategic Transaction Update
Stra te g ic Tra n s a c tio n In la te J u ly, Re g a l Pa rtn e rs a n n o u n c e d th a t it h a d p ro vid e d PAC with a NBIO to p u rc h a s e PAC fo r A$10 .77 p e r s h a re (b a s e d o n 24 J u ly GQG s to c k p ric e ). GQG Pa rtn e rs a n n o u n c e d th a t it a ls o in te n d s to m
Slide 8: Operational Outlook
Op e ra tio n a l Ou tlo o k Ac tive ly s o lic itin g a c q u is itio n p ro p o s a ls fro m a b ro a d g ro u p o f h ig h -q u a lity p ro s p e c tive p a rtn e rs For personal use only The potential of PAC to be PAC e xp e c ts its p o rtfo lio c o m p a n ie s , e x GQG, to re c e ive A$2b -A
Slide 9: Financial Outlook
Fin a n c ia l Ou tlo o k PAC e xp e c ts s tro n g g ro wth in b o u tiq u e c o n trib u tio n s (b o th m a n a g e m e n t fe e s a n d p e rfo rm a n c e fe e s) in FY24 d u e to : For personal use only § Gro wth in m a na g e m e nt fe e s fro m ke y b o utiq ue s , inc lud ing Vic to ry Pa rk
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