Agf Management Limited Class B · TSX:AGF.B
Agf Management Limited Class B — Q3 2021 Earnings Presentation
12 slides from Agf Management Limited Class B's earnings presentation, Sep 29, 2021
Slide 1: AGF Management Limited Earnings Conference Call Third Quarter 2021
AGF Management Limited Earnings Conference Call Third Quarter 2021 September 29th, 2021
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The forward looking information is provided as of September 29, 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 secur
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 3rd Quarter of Fiscal 2021 • Business Updates • Financial Results • Capital & Liquidity • Focus & Priorities 4
Slide 5: Q3 2021 Highlights
Q3 2021 Highlights Continued progress toward stated objectives Assets1 reached 4th consecutive AGFIA2 accepted as signatory to UK $43.4 billion quarter of mutual fund net sales Stewardship Code First Ascent Ventures Adjusted diluted AGF Scholarship & SAF Partnerships EPS of $0.21 Fund Expanding our
Slide 6: Line of Business Performance
Line of Business Performance: Assets Under Management and Fee-earning Assets1 ($ millions) Q3 2020 Q3 2021 Change Mutual funds 19,232 23,792 24% Institutional, Sub-advisory & ETF 9,252 10,302 11% Private Client 5,773 7,073 23% Private Alternatives2 2,207 2,193 (1%) Total AUM and fee-earning assets 3
Slide 7: Mutual Fund Business Review
Mutual Fund Business Review Industry Sales ($B)1 AGF Retail Mutual Fund Sales ($M)2 Gross Sales Net Sales Gross Sales Net Sales +129% +63% YoY YoY 100 1,033 1,032 95 +46% YoY +61% 83 YoY 790 67 58 648 57 490 +$524 40 450 431 YoY 33 33 376 +$292 288 YoY 11 11 66 (4) (15) (93) Q2 2020 Q3 2020 Q4 2020
Slide 8: Financial Results
Financial Results1,2 Sequential Quarter Year Over Year Q3-21 Q2-21 Variance Q3-21 Q3-20 Variance ($ millions, except per share amounts) Revenue 123.1 109.5 12.4% 123.1 97.4 26.4% SG&A 50.1 47.1 (6.4%) 50.1 46.1 (8.7%) Trailers and Subadvisory 35.5 34.2 (3.8%) 35.5 30.0 (18.3%) EBITDA before Commissi
Slide 9: Financial Results – BPS Detail
Financial Results – BPS Detail1,2 (bps of average AUM) Q3-21 TTM Average AUM excl. Private Alternatives ($B)3 39.9 37.3 Average Mutual Fund 23.1 21.4 Average Institutional, Sub-Advisory, ETFs & 16.8 15.9 Private Client Revenue (bps)4 112 113 Less: Trailer Fees (bps) 35 35 SG&A (bps)5 50 51 EBITDA be
Slide 10: Capital & Liquidity
Capital & Liquidity1 60 400% 350% 55 50 52 300% 46 46 40 42 250% ($ millions) 200% 30 150% 20 100% 53% 57% 50% 45% 45% 50% 10 0% - -50% TTM Q3-FY20 TTM Q4-FY20 TTM Q1-FY21 TTM Q2-FY21 TTM Q3-FY21 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 Position AGF Deliver Drive the to reach Meet expense consistent and guidance repeatable organization to $5 billion sustainable while continuing in private investment to invest in key net inflows alternative performance growth areas assets1 (1) Private alternative assets inclu
Slide 12: Thank You!
Thank You! To learn more about AGF’s history visit: www.agf.com/ca/en/about- agf/our-story