GAMCO Investors, Inc. · OTC:GAMI
GAMCO Investors — Shareholder Meeting (July 2024)
23 slides from GAMCO Investors's shareholder meeting presentation, Jul 10, 2024
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting July 10, 2024
Slide 2: GAMI OTCQX
GAMI OTCQX
Slide 3: Douglas R. Jamieson and Kieran Caterina
Douglas R. Jamieson Co-CEO Kieran Caterina Chief Accounting Officer 3
Slide 4: Important Disclosures
Important Disclosures Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not statements of facts or guarantees of future performance, and are subject to r
Slide 5: GAMCO Investors
1977 GAMCO INVESTORS 5
Slide 6: GAMCO Investors
GAMCO INVESTORS
Slide 7: Global Presence
Global Presence * **** ** * ** 7
Slide 8: Current Business Mix
Current Business Mix GAMCO Mutual Funds Institutional / PWM $20.5 billion $11.2 billion $31.7 billion As of March 31, 2024 8
Slide 9: Assets Under Management
Assets Under Management Gabelli/GAMCO brands ‒ 24 Open-End ‒ 14 Closed-End ‒ 5 Actively Managed ETFs Institutional and Private Wealth Management ‒ 1,400 accounts SICAV 9
Slide 10: Management Team
Management Team Douglas Jamieson President and COO, GAMCO David Goldman John Ball Chief Compliance Officer, SVP, Fund Treasurer GAMCO Peter Goldstein Kieran Caterina General Counsel, Gabelli Funds Chief Accounting Officer Maximilian Caldwell, CPA Richard Rose VP of Finance Head of Human Relations Sc
Slide 11: Investment Team
Investment Team Value Growth Mario Gabelli, CFA Howard Ward, CFA Jeffrey J. Jonas, CFA Chairman, CEO and CIO, Value CIO, Growth Christopher Marangi Ian Lapey John Belton, CFA co-CIO, Value Kevin Dreyer co-CIO, Value Robert D. Leininger, CFA Gold Tony Bancroft Gustavo Pifano Caesar M.P. Bryan Justin
Slide 12: Research Team
Research Team Years Years Tony Bancroft 14 Evan Miller, CFA 39 Daniel Barasa 9 Rosemarie Morbelli, CFA 41 Justin Bergner, CFA 22 Jenny Mu 3 Alec Boccanfuso 6 Gustavo Pifano 15 Michael Burgio 1 Wayne Pinsent, CFA 15 Sergey Dluzhevskiy, CFA 22 Ashish Sinha 21 Sarah Donnelly 24 Brian Sponheimer 20 Jose
Slide 13: Institutional/PWM Sales Team
Institutional/PWM Sales Team Marisa Avansino Christopher Desmarais Senior Vice President Managing Director Daniel Miller Janice Musselwhite Executive Vice President Senior Vice President Regina Pitaro David Ourlicht Head of Institutional Managing Director Marketing Theresa Pope Jason Swirbul Head of
Slide 14: Initiatives
Initiatives – Marketing Globally – Convert Mutual Funds to ETFs – Invest in Sales and Marketing – Added Sales Teammates – Redesign Website
Slide 15: Annual Client Meeting
Annual Client Meeting 2025 Metropolitan Museum of Art 2024 American Museum of Natural History 2023 United Nations
Slide 16: Financials
Financials
Slide 17: GAMI Capitalization
GAMI Capitalization Shares (millions) Class A 5.6 (a) Class B 19.0 (a) 24.6 Price (as of July 2, 2024) $ 23.00 Equity Value $566 million Less Net Cash and Investments 221 million (a) Enterprise Value $345 million (a) As of March 31, 2024, unless otherwise noted 17
Slide 18: Financials in Review
Financials in Review Selected Financial Metrics TTM 3/31/24 Revenues $233 m Operating Profit $ 65 m Operating Margin 28.0% Effective Tax Rate 24.2% Diluted EPS $2.40 18
Slide 19: Financial Overview
Financial Overview $ in millions 3/31/24 12/31/23 ASSETS Cash and investments $ 221.1 $ 204.9 Other assets 42.7 44.5 Total assets $ 263.8 $ 249.4 LIABILITIES AND EQUITY Other liabilities $ 74.5 $ 68.4 Equity 189.3 181.0 Total liabilities and equity $ 263.8 $ 249.4 19
Slide 20: Return to Shareholders
Return to Shareholders Since $525 million IPO in 1999 - $ in millions Spin-offs $ 1,000 Buybacks 562 Dividends 589 Total $ 2,151 As of March 31, 2024 20
Slide 21: GAMI: Cash Flow Generation
GAMI: Cash Flow Generation $350+ million over last 5 years 21
Slide 22: Thank You
Thank You
Slide 23: GAMCO Investors
GAMCO INVESTORS