Slide 1: Associate Global Partners Limited Investor Presentation August 2024
Associate Global Partners Limited (ASX: APL) Investor Presentation August 2024
Slide 2: Disclaimer
Disclaimer This material has been prepared by Associate Global Partners Limited (ABN 56 080 277 998) (AGP) (Group) and comprises written materials/slides for a presentation concerning the Group. This is not a prospectus, disclosure document or offering document. The Group its officers, employees, ag
Slide 3: About Associate Global Partners Limited
About Associate Global Partners Limited Associate Global Partners (AGP or the Group) is a multi-boutique asset management firm. Our purpose is to provide Australian investors with access to unique, world-class investment strategies that help them to achieve their financial objectives. At AGP, we par
Slide 4: Overview: FY24 Operational Highlights and Initiatives
Overview FY24 Operational Highlights and Initiatives • Continued FUM growth with established investment manager partnerships • During FY2024, global equity markets rallied strongly, with several major indices reaching all-time highs. The improved market conditions for global equities had a positive
Slide 5: Experienced, High Calibre Management
Experienced, High Calibre Management Board with a deep bench of experience Nerida Campbell Jason Billings Ken Poutakidis Martin Switzer Independent Chair Independent Non-Executive Independent Non-Executive Chief Executive Officer and Director/ Deputy Chair Director Managing Director Experienced and
Slide 6: Group Product Suite
Group Product Suite An exceptional range of investment capabilities across asset classes Distributed Product Suite Distributed Product Suite The Large Cap and Small Cap Established in 2017, Vertium Vinva Investment Management The Switzer Dividend Growth THB Asset Management (THB), portfolios are man
Slide 7: Growing Distribution Capability
Growing Distribution Capability The Group continues to build its marketing and distribution platform Direct Advised High Net Worth Consultants and Institutions Direct and retail broker Experienced distribution High Net Worth individuals, Platforms Engagement with channels including the and marketing
Slide 8: Growth in FUM since 2017
Growth in FUM since 2017 As at 30 June 2024, Associate Global Partners had FUM of $1.292 billion*. As at 22 August 2024, FUM totalled $1.224 billion. • During FY2024, global equity markets rallied strongly, with several major indices reaching all-time highs. • The improved market conditions for glob
Slide 9: Quarterly Net FUM Flows since 2017
Quarterly Net FUM Flows since 2017 Fund flows trended positively in FY2024, with the Group delivering its largest net inflow since December 2021 in Q4 FY2024 • Fund flows trended positively, with outflows in the first three quarters reducing quarter on quarter in FY2024, culminating in the Group del
Slide 10: Quality Retail Investor Base
Quality Retail Investor Base As at 30 June 2024, Associate Global Partners had 12,402 unitholders and shareholders* across its product suite June 2018 June 2024 8,562 investors 12,402 investors 09 *Source: MUFG Pension & Market Services and Copia Investment Partners.
Slide 11: Continued Growth of Established Investment Manager Partnerships
Continued Growth of Established Investment Manager Partnerships 10
Slide 12: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Associate Global Partners in June 2017, WCM now has $903m in retail FUM in Australia*. Product FUM Highlights • WQG, a listed investment company, reported a strong net operating profit after tax for FY24 of $45.3m (30 June 2023
Slide 13: WCM Investment Management
WCM Investment Management A Proven World Class Investment Manager With improved market conditions and the enhancements made to the • WCM Quality Global Growth national distribution team over FY2024, there was significant focus on distribution and marketing activities to support WCM Large and Small C
Slide 14: Large-Cap Track Record
Large-Cap Track Record Annualised returns of the WCM Quality Global Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 1, 5 and 10-years basis and since inception. 25.97% 19.53% 16.69% 13.30% 13.72% 12.39% 12.82% 10.15% 9.75% 7.08% 1 Year 3 Years 5 Ye
Slide 15: Small-Cap Track Record
Small-Cap Track Record Annualised returns of the WCM International Small Cap Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 1 and 5-years basis and since inception. 14.59% 11.43% 9.37% 8.35% 8.65% 7.66% 2.97% 1 Year 3 Years 5 Years Inception -5.70
Slide 16: Income Suite
Income Suite Switzer Dividend Growth Fund (Quoted Managed Fund) (ASX:SWTZ) • SWTZ aims to generate an above-market yield while maximising franking where possible and deliver capital growth over the long term. • The Group’s wholly owned subsidiary, AGP Investment Management Limited (AGP IM) appointed
Slide 17: Woodbridge Capital
Woodbridge Capital Woodbridge Private Credit Fund • The Group mutually agreed with Woodbridge Capital Pty Limited (Woodbridge) to cease its Distribution Arrangement (Arrangement) for the Woodbridge Fund effective 2 April 2024. • The cessation of this Arrangement did not have a material impact on the
Slide 18: Strategic Initiatives
Strategic Initiatives ASSOCIATE GLOBAL PARTNERS AGP
Slide 19: Vertium Asset Management
Vertium Asset Management Vertium Equity Income Fund • Since the announcement of the new distribution agreement with Vertium in June 2023, AGP has worked closely with Vertium to distribute its Vertium Fund to the private wealth market, continuing to build on the growth of the Vertium strategy. • Duri
Slide 20: Vinva Investment Management
Vinva Investment Management Global Systematic Equities Fund • In the last two quarters of FY24, the Company worked closely with SPC and Vinva on the launch of the Vinva Fund, which is a 120/20 equities strategy now available to retail investors. • During the June 2024 quarter, the Vinva Fund had Lon
Slide 21: Financial Position and Performance
Financial Position and Performance 20
Slide 22: Significantly Improved FY24 Financial Performance
Significantly Improved FY24 Financial Performance Leveraged for scale and growth • The Group’s total revenue for FY2024 was up 9.8% to $6,216,000 (FY2023: $5,662,000), largely driven by improved market conditions, as well as contributions from investment managers in the Group product’s suite. • The
Slide 23: Strong Financial Position
Strong Financial Position 30 June 2024($’000) 30 June 2023 ($’000) ASSETS • The Group’s cash balance as at 30 June 2024 was $4.183 million. Current assets Cash and cash equivalents 4,183 4,054 • AGP has: Other current assets 2,076 2,321 o cash and current receivables of $5.830 million o current paya
Slide 24: Strategic Priorities
Strategic Priorities ASSOCIATE GLOBAL PARTNERS AGP
Slide 25: Strategic priorities
Strategic priorities Well Positioned for Future Growth Diversified product Growing distribution Launch new products and Financial suite footprint/ distribution consider new growth performance capability opportunities • Continue to grow FUM with the • Continue to launch new products • The Group will
Slide 26: Contact Details
Contact Details MARTY SWITZER CEO and Managing Director Associate Global Partners Limited Level 12 2 Chifley Square Sydney, NSW, 2000 0407 297 702 (Marty Switzer) 1300 052 054 25