Impax Asset Management Group Plc · LSE:IPX
Impax Asset Management — Shareholder Meeting (March 2016)
20 slides from Impax Asset Management's shareholder meeting presentation, Mar 3, 2016
Slide 1: Impax Asset Management Group plc Annual General Meeting
Impax Asset Management Group plc Annual General Meeting 3 March 2016 CLEAR INVESTMENT
Slide 2: Commercial overview
Commercial overview AUM increased 2% to £2.8bn at year end; £3.1bn at 31 January 2016 Strong investment performance Fund raising for real assets underway Paris Climate Agreement an important catalyst Recent awards1: Best Environmental Fund Management Group and Best Specialist Fund Manageme
Slide 3: Board appointments
Board appointments Lindsey Brace Martinez Sally Bridgeland CLEAR INVESTMENT 3
Slide 4: Financial performance (year to September 2015)
Financial performance (year to 30 September 2015) 2015 2014 1 Assets under management and advice £2.8 bn £2,8bn Revenue £19.7m £20.4m Operating earnings2 £3.1m £5.3m Profit before tax £5.1m £3.5m Shareholders’ equity £25.9m £24.9m Cash reserves £19.3m £17.2m Final dividend (full year) 1.6p3 1.4p Spe
Slide 5: Our strategy
Our strategy Attractive investment Experienced team themes ■ 67 people, including 30 investment ■ Rapidly growing markets and professionals investment universe ■ Stable senior investment team ■ Market complexity leads to mispricing ■ Significant staff ownership ■ Benefits to investors seeking to red
Slide 6: Powerful catalysts for investment
Powerful catalysts for investment CALIFORNIA DROUGHT VOLKSWAGEN EMISSIONS SCANDAL CHINA 13TH FIVE YEAR PLAN UN CLIMATE CHANGE CONFERENCE Images sourced from Wikipedia Commons and Reuters. CLEAR INVESTMENT 6
Slide 7: Strong investor interest
Strong investor interest CLEAR INVESTMENT 7
Slide 8: Investing since 1998 (financial year)
Investing since 1998 (financial year) FY AUM (£m) 1998 15 1999 20 Phase 1: 2000 39 Establishing the business 2001 38 2002 55 2003 66 2004 69 2005 214 Phase 2: 2006 429 Scale up to critical mass 2007 982 2008 1,099 2009 1,265 2010 1,823 Phase 3: Consolidation & investment 2011 1,896 2012 1,828 2013 2
Slide 9: Global distribution capabilities
Global distribution capabilities Combination of direct and third party sales UK / Ireland Europe IEM plc North America UCITS Platform BNP Paribas PaxWorld ASN Bank NEI (Canada) London Delaware funds platform Asia Pacific Portland New York BNP Paribas (Australia) Hong Kong Impax office CLEAR INVESTME
Slide 10: Listed equities update
Listed equities update AUM TRACK RECORD (years) Specialists £848m Specialists 14 Leaders £618m Leaders 8 Water £1.2bn Water 7 Food and Agriculture £58m Food and 3 Agriculture Asia - Pacific £21m Asia - Pacific 7 Global Equity £2m Global Equity 1 ¹As at 31 January 2016 CLEAR INVESTMENT 10
Slide 11: Sustainable food: the opportunity
Sustainable food: the opportunity Investing across the value chain BNPP SMaRT Food Growers & Inputs Technology & Basic Foods & Food Safety Logistics Ingredients Impax Food & Agriculture Fund Sustainable Distributors Value Added Foods Packaging CLEAR INVESTMENT 11
Slide 12: Environmental impact
Environmental impact Measurable positive impact per annum of £10m investment net CO2 emissions avoided total water treated or provided -13,400 tco2 2,640 megalitres CO2 equivalent to taking equivalent to -6,000 16,100 cars off the road for a year households’ annual water consumption total renewable
Slide 13: NEF II: geographic diversification
NEF II: geographic diversification 105MW 54MW 24MW 48MW 82MW 28MW 160MW 22MW (Solar) Owned/in development Realised CLEAR INVESTMENT 13
Slide 14: Financial highlights
Financial highlights REVENUE (£m) OPERATING EARNINGS (£m) PROFIT BEFORE TAX (£m) 2015 19.7 2015 3.1 2015 5.1 2014 20.4 2014 5.3 2014 3.5 CLEAR INVESTMENT 14
Slide 15: Strong balance sheet
Strong balance sheet CASH (£m) INVESTMENTS (£m) 19.3 30-Sep- 30-Sep-15 30-Sep-15 01-Jan-15 4.1 3.3 7.4 15 17.2 30-Sep- 01-Jan-14 30-Sep-14 30-Sep-14 7.7 2.9 10.6 14 Listed Equities Private Equity CLEAR INVESTMENT 15
Slide 16: Diluted EPS and dividends
Diluted EPS and dividends DILUTED EPS (p) DIVIDEND (p) 2015 0.4 1.21 0.51 2.1 2015 3.13 2014 1.40 2013 0.90 2012 0.75 2011 0.70 2014 2.76 2010 0.60 2009 0.40 2008 0.35 Paid Final Special 1Proposed CLEAR INVESTMENT 16
Slide 17: Shareholder register and buybacks
Shareholder register and buybacks BNP Paribas Investment Partners 25% Free float 37% 4.9m RSS awards allocated to date 14m ESOP options allocated to date 16.1m buybacks to date (average price 41.2p) 112.1m shares eligible for dividend Employees1 38% 1Includes vested and unvested shares withi
Slide 18: Impax in the media
Impax in the media CLEAR INVESTMENT 18
Slide 19: Outlook
Outlook Supportive climate for investment outperformance Strong distribution Infrastructure in place for significant AUM growth Commitment to progressive dividend policy c CLEAR INVESTMENT 19
Slide 20: Important information
Important information Disclaimer This document has been prepared by Impax Asset Management Group plc and approved by Impax Asset Management Limited and Impax Asset Management (AIFM) Limited (“Impax”, authorised and regulated by the Financial Conduct Authority). Both companies are wholly owned subsid
Impax Asset Management Group — Shareholder Meeting (March 2016) on 6ix