Slide 1: 2017 Annual Results
Incorporated in the Cayman Islands with limited liability A company listed on the Hong Kong Stock Exchange Stock Code: 806.HK 2017 Annual Results For the year ended 31 December 2017 Results Presentation, 12 March 2018
Slide 2: Disclaimer
Disclaimer This document has been prepared by Value Partners Group Limited (the "Company") solely for use at the presentation. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should
Slide 3: Financial highlights
Financial highlights By Icy WONG Chief Financial Officer 3
Slide 4: Financial highlights
Financial highlights (In HK$ million) 2017 2016 Change Profit attributable to owners of the Company 2,048.1 137.5 +1,390% Fee income and other revenue 4,105.9 1,398.6 +194% Gross management fees 1,196.0 1,049.1 +14% Gross performance fees 2,570.9 10.8 +23,705% Total expenses (1,091.8) (471.7) +131%
Slide 5: Assets under management
Assets under management Assets under management (“AUM”) (US$ billion) 20 15.6 16.6 Major reason of 15 12.9 13.2 AUM increase 10.5 10 • Strong performance of US$4 billion 5 0 Dec-2013 Dec-2014 Dec-2015 Dec-2016 Dec-2017 AUM change in the year 2017 Beginning AUM 13,249 Subscriptions 8,345 Redemptions
Slide 6: AUM analysis
AUM analysis 1. AUM as at 31 December 2017 and 31 December 2016. 6
Slide 7: Stringent cost control
Stringent cost control Total expenses Fixed cost coverage ratio (HK$ million) (HK$ million) Total 1,092 26 800 expenses 1000 16 707 800 600 617 692 2.1x 2.3x 600 400 19 472 400 18 54 89 49 292 309 96 200 200 87 Fixed expenses 205 213 0 0 2016 2017 2016 2017 Others Sales and marketing 1 Other compens
Slide 8: Dividends
Dividends (HK cents) 104% 101% 101% 120 54% 64% 40% 40% 100 80 60 86.0 40 20 6.0 9.7 6.0 16.0 7.2 18.0 5.8 6.3 10.7 10.0 4.8 - 2011 2012 2013 2014 2015 2016 2017 Special dividend per share Final dividend per share Dividend payout ratio (As a percentage of realized profit) 1. Dividend per share is de
Slide 9: Strong Balance Sheet
Strong Balance Sheet As at 31 December, 2017 HK$ millions ASSETS Current assets 5,106 • Cash & equivalents1 • 2,241 • Fees receivable • 2,611 • Investments2 • 127 Non-current assets 1,772 • Investments (including investment in JV)2 • 1,702 Total assets 6,878 LIABILITIES Current liabilities 1,219 • A
Slide 10: Business review
Business review By Dr. AU King Lun MH, PhD Chief Executive Officer 10
Slide 11: Positioning for the future
Positioning for the future Expand product suite Strengthen distribution network Streamline operations China Investment Investment Solutions Rest of the World Expert Value Partners Provider China MSCI China A-share Hong Kong’s largest World’s second-largest inclusion home-grown asset econ
Slide 12: Product suite expansion
Product suite expansion Private Equity Real Estate By asset class Established a private equity real estate Equity ETF Fixed Income Multi-Asset platform VP Classic Fund Value China ETF VP Greater China VP Multi-Asset Fund Attracted Liu Chong Hing Investment High Yield Income (194.HK) as a co-inve
Slide 13: Deepening our China footprint
Deepening our China footprint Adopting a multi-pronged approach to growing in Mainland China Private Fund Management (“PFM”) WFOE Became first HK-based asset manager to be granted a PFM license in November 2017 Launched first PFM fund in January 2018 Allows foreign asset managers to offer thei
Slide 14: Growing our international presence
Growing our international presence United Kingdom (our Europe hub) China (our strategic market) Hong Kong (our headquarters) Singapore (our Southeast Asia hub) Value Partners as a China Investment Expert International distribution hubs in strategic locations around the world Build awareness of t
Slide 15: Investor relations contacts
Investor relations contacts Value Partners Group Limited 9th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong www.valuepartners-group.com Ms. Icy Wong Chief Financial Officer Email: icywong@vp.com.hk Tel: (852) 2143 0464 Follow us on WeChat LinkedIn Ms. Isabella Zhong Associate Director,