Guardian Directed Equity Path Portfolio (GGEP.F) · TSX:GGEP.F
Guardian Directed Equity Path Portfolio (GGEP.F) — Guardian Capital Group — Shareholder Meeting (May 2024)
20 slides from Guardian Directed Equity Path Portfolio (GGEP.F)'s shareholder meeting presentation, May 10, 2024
Slide 1: Annual Meeting of Shareholders
Guardian Capital Group Limited Annual Meeting of Shareholders George Mavroudis President and Chief Executive Officer May 10, 2024
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. All information other than statements of historical fact may be forward-looking information. Forward-looking information is
Slide 3: Guardian at a Glance
STABILITY. TRUSTWORTHINESS. INTEGRITY. GUARDIAN AT A GLANCE v Allocation Of Capital Key Metrics over the past decade IN ACQUISITIONS3 TOTAL CLIENT MARKET $168 million IN SHARE BUYBACKS4 ASSETS1 CAPITALIZATION2 $61.3 billion $1.14 billion (excluding pending $198 million acquisition of Sterling for US
Slide 4: Financial Highlights 2023
FINANCIAL HIGHLIGHTS 2023 ($ millions, except per share amounts) 2023 2022 % Increase / Decrease Net revenues $ 241.2 $ 201.0 20% Operating earnings $ 59.8 $ 44.1 36% EBITDA1 $ 85.4 $ 64.2 33% Client assets (AUM and AUA) $ 58,774 $ 53,302 10% Shareholders’ equity, per share1 $ 49.39 $ 29.43 68% Secu
Slide 5: Financial Highlights Q1 2024
FINANCIAL HIGHLIGHTS Q1 2024 ($ millions, except per share amounts) Q1 2024 Q1 2023 % Increase / Decrease Net revenues $ 62.5 $ 54.5 15% Operating earnings $ 12.3 $ 11.2 10% EBITDA1 $ 18.9 $ 17.4 9% Client assets (AUM and AUA) $ 61,317 $ 56,326 9% Shareholders’ equity, per share1 $ 50.30 $ 48.73 3%
Slide 6: Financial Results by Segment
2023 Investment Management FINANCIAL RESULTS BY SEGMENT Corporate Activities and Investments $46.3 19% $21.5 36% $33.1 39% $241.2 $59.8 $85.4 (2022 - $201.0) (2022 - $44.1) (2022 - $64.2) $38.3 $52.3 64% 61% $194.9 81% Net Revenue by Segment Operating Earnings by Segment EBITDA by Segment ($ million
Slide 7: Return to Shareholders: Dividends
RETURN TO SHAREHOLDERS: DIVIDENDS 0.340 0.370 Total Annual Dividends per Share and Quarterly Dividend rate per Share 20% Annual For the periods shown ($ millions) Growth Rate 0.240 Over the past decade, Guardian has consistently increased our dividend rate, 0.180 with a 20% compounded 0.160 annual g
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 over the past decade (in 000’s) (in $’s) (in $000’s) shares outstanding have decreased since 2014 0.40 33,000 Outstanding at
Slide 9: Guardian's Security Portfolio
MANAGING OUR INVESTMENTS GUARDIAN’S SECURITY PORTFOLIO Guardian Capital Guardian’s Securities Proprietary Strategies Portfolio at Dec. 31, 2023 (in $ millions) | Total $517 (in $ millions | Total $1,318) $79 Bank of Montreal, 22% $292 Global & US Equity (39%) $34 $199 Emerging Markets Equity (15%) P
Slide 10: Strategic Plan Update
GUARDIAN CAPITAL STRATEGIC PLAN UPDATE After selling Worldsource in early 2023, Guardian reassessed its Strategic Plan, identifying key objectives for the next five years: Increase Maintain Financial Continue Share Increase Operating Earnings & Strength and Flexibility Buyback Program Dividend Payou
Slide 11: Guardian's Global Reach
EACH OF OUR PARTNERSHIPS IS UNIQUE AND REFLECTS OUR CORE VALUES GUARDIAN’S GLOBAL REACH 359 Company Associates* 400+ Institutional Relationships 10,000+ Retail Relationships 3,000+ Private Wealth Relationships * Company Associates includes all subsidiaries of Guardian Capital Group as of December 20
Slide 12: Guardian's Expanding Portfolio of Businesses
GUARDIAN’S EXPANDING PORTFOLIO OF BUSINESSES Canadian Equities, Global Equities, Real Estate Ultra-high-net-worth Clients Global Equities, Emerging Markets Equities Canadian Fixed Income, Balanced Solutions Digital Advisory Clients US Equities High-net-worth Clients US Fixed Income US Fixed Income,
Slide 13: Investment Solutions
INVESTMENT MANAGEMENT INVESTMENT SOLUTIONS GCLP Canadian Fixed Income | $6.7B AUM Agincourt US Fixed Income | $11.8B AUM $4.7B (8.2% of revenue) GCLP Canadian Equities | $4.7B AUM $9.5B $18.5B (19.9% of (12.5% of TOTAL revenue) revenue) Private Client | $9.5B AUM and AUA CLIENT ASSETS $58.8 B Alta U
Slide 14: Distribution Channels
CLIENT ASSETS DISTRIBUTION CHANNELS Institutional 53% $31.3 billion | 52.1% of revenue Canadian Retail $58.8B RETAIL $11.4 billion | 16.2% of revenue Total Client 31% U.S. Retail Assets $6.5 billion | 11.8% of revenue Private Wealth 16% $9.5 billion | 19.9% of revenue As at and for the twelve months
Slide 15: Institutional and Retail Client Assets and Revenue by Geography
INSTITUTIONAL AND RETAIL CLIENT ASSETS AND REVENUE: U.S. Clients BY GEOGRAPHY International Clients Canadian Clients Following the pending 23.1% acquisition of Sterling 34.9% Capital in the latter 39.3% 42.6% half of 2024, Guardian’s client assets and revenue 37.6% will be significantly 22.5% weight
Slide 16: Pending Acquisition of Sterling Capital Management, LLC
PENDING ACQUISITION OF STERLING CAPITAL MANAGEMENT, LLC ACQUISITION OF STERLING US PLATFORM FOR EXPANSION On February 2, 2024, Guardian signed an agreement to Consistent with Guardian’s Strategic Plan acquiring Sterling acquire Sterling Capital Management, LLC (“Sterling”), a will significantly enha
Slide 17: Guardian and Sterling Investment Solutions
Fixed Income GUARDIAN AND STERLING Equities INVESTMENT SOLUTIONS Private Client Multi-Asset $48.6 $20.6 Guardian and Sterling’s Total $32.8 Client Assets $10.4 Guardian’s $9.7 Total Client Assets $166.8B $61.3B CAD CAD $18.8 $87.2 Guardian’s total client assets Guardian and Sterling’s combined clien
Slide 18: Investing in Our Business
INVESTING IN OUR BUSINESS Guardian has made a number of strategic transactions and investments in our business, investing over $168 million* over the past decade. Acquisition of majority interest in ModernAdvisor, a robo- advisor Acquisition of a majority interest in 2011 2018 Agincourt Capital, a U
Slide 19: Guardian's 5-Year Plan (2024-2028)
STRATEGIC GOALS GUARDIAN’S 5-YEAR PLAN (2024-2028) Preservation of liquid capital Continued share buybacks Increasing Operating Earnings Increasing dividend payment and EBITDA 19
Slide 20: Questions?
Questions? Explore the world of Guardian Capital guardiancapital.com
Guardian Capital Group — Shareholder Meeting (May 2024) on 6ix