Slide 1: Sprott Inc. 2021 Annual Results
Sprott Inc. (NYSE/TSX: SII) 2021 Annual Results February 25, 2022
Slide 2: Forward-looking Statements
Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities l
Slide 3: Speakers
Speakers Peter Grosskopf, Whitney George, CEO, President, Sprott Inc. Sprott Inc. John Ciampaglia, Kevin Hibbert CEO, CFO, Sprott Asset Sprott Inc. Management Sprott Inc. | 3
Slide 4: 2021 Highlights
2021 Highlights • Strong performance from all business units in 2021 • Continued growth in Exchange Listed Products o Sprott Physical Silver Trust inflows in H1 o Acquisition of UPC and subsequent launch of the Sprott Physical Uranium Trust established Sprott as a global leader in physical uranium i
Slide 5: December 31, 2021 AUM summary
December 31, 2021 AUM summary • AUM was $20.4 billion as at December 31, 2021, up $1.4 billion (8%) from September 30, 2021, and up $3.1 billion (18%) from December 31, 2020 AUM (in $ billions) 20.4 19.0 1.6 17.4 1.4 1.4 1.3 1.4 2.5 1.0 2.4 2.8 13.8 15.0 12.2 Dec 31, 2020 Sep 30, 2021 Dec 31, 2021 E
Slide 6: Segment results
Segment results • Net income for the 3 months ended Dec 31, 2021 was $10.2 million, up $3.5 million (51%) from the 3 months ended Dec 31, 2020 and $33.2 million for the 12 months ended Dec 31, 2021, up $6.2 million (23%) from the 12 months ended Dec 31, 2020 • Adjusted base EBITDA for the 3 months e
Slide 7: Exchange Listed Products: Physical Trusts
Exchange Listed Products: Physical Trusts • Q4 sales of $646MM • 2021 flows of $3.1B, up $300MM from 2020 o SPUT & PSLV accounted for majority of new sales • Flows returning to PHYS YTD 2022 after quiet 2021 • SPUT ATM sales accelerating quickly in Q1 after slower December Sprott Inc. | 7
Slide 8: Growing Our Market Share
Growing Our Market Share 2021 Fund Flows Data 2021 Fund Flows Data Gold Funds Silver Funds Net Flows Net Flows Ticker Fund Name AUM (MM) Ticker Fund Name AUM (MM) (MM) (MM) IAUM iShares Gold Trust Micro 849.39 872.38 PSLV Sprott Physical Silver Trust $1,756 3,600.11 Aberdeen Standard Physical GLDM S
Slide 9: URNM ETF Transaction
URNM ETF Transaction • In Q4 2021, Sprott announced agreement to acquire exclusive licensing rights to the index tracked by the North Shore Global Uranium ETF (NYSE Arca: URNM) • Perfect complement to SPUT o High investor overlap between physical uranium and uranium equities o Positions Sprott with
Slide 10: Managed Equities
Managed Equities • Gold & silver stocks failed to captured investor attention in 2021 as broader markets surged • Sprott strategies delivered performance largely in line with competitors • Redemptions were down significantly in 2021 compared to 2020 • Rotation underway in 2022 o Positive performance
Slide 11: Private Strategies
Private Strategies • Combined Lending and Streaming strategies AUM $1.4B as of December 31, 2021 • Weaker originations in Lending funds were offset by strong flows to Private Resource and Streaming strategy o Streaming and Royalty Strategy raised more than $400MM in 2021 and recently completed $700M
Slide 12: Brokerage
Brokerage • Canadian and US brokerages delivered strong contributions in 2021 • Canadian broker benefited from strong origination activity in H1 2021 o Focused on diversifying coverage to include energy transition and specialty metals • US broker continued to generate new sales, largely from transit
Slide 13: 2022 Focus
2022 Focus Driving Sustainable Growth Conditions in place for resumption of Building on SPUT success with new precious metals bull market strategies in complementary mineral sectors Focused on driving growth in core Continuing to explore opportunities strategies to grow AUM through product acquisiti
Slide 14: Supplemental Financial Information
Supplemental Financial Information
Slide 15: Revenues
Revenues 3 months ended 12 months ended Q4 Q4 Q4 Q4 In millions $ 2021 2020 2021 2020 Management fees 27.8 22.0 103.9 72.9 Carried interest and performance fees 4.3 10.1 12.2 10.1 Carried interest and performance fee payouts (2.5) (5.5) (7.2) (5.5) Trailer, sub-advisor and other fees (1.7) (0.6) (4.
Slide 16: Expenses
Expenses 3 months ended 12 months ended Q4 Q4 Q4 Q4 In millions $ 2021 2020 2021 2020 Compensation 20.6 20.2 76.7 57.6 Carried interest and performance fee payouts (2.5) (5.5) (7.2) (5.5) Commission expense and direct payouts (5.5) (2.8) (20.9) (10.8) Severance and new hire accruals (0.2) (0.1) (0.7
Slide 17: EBITDA reconciliation
EBITDA reconciliation 3 months ended 12 months ended Q4 Q4 Q4 Q4 In millions $ (except for per share amounts) 2021 2020 2021 2020 Net Income 10.2 6.7 33.2 27.0 Per share 0.41 0.27 1.33 1.10 Adjustments: Interest expense 0.2 0.3 1.2 1.2 Provision for income taxes 3.4 2.6 12.0 7.7 Depreciation and amo