Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q1 2014 Earnings Presentation
16 slides from Fiera Capital Corporation Class A's earnings presentation, May 6, 2014
Slide 1: 2014 Q1 Results
FIERA CAPITAL 2014 Q1 Results May 6, 2014 SYLVAIN BROSSEAU, President & COO
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The accompanying Investor Presentation contains forward-looking information, including future-oriented financial information and financial outlooks within the meaning of Canadian securities laws and regulations. Forward-looking information may include com
Slide 3: Overview
Overview AUM reaches $80 billion mark Significant increase of top line Growth in all market segments Progression in integrating U.S. acquisitions Significant traction and recognition in the U.S. Product development: introduction of two new funds 3
Slide 4: Quarterly Highlights
Quarterly Highlights EPS of $0.04, up 33% compared to $0.03 for corresponding quarter in 2013,and down 69% from $0.13 in Q4-2013 Base management fees and other revenue of $49 million, up 64% from Q1-2013, and up 11% from $44 million in Q4-2013 Performance fees of $0.5 million compared to $0.1 millio
Slide 5: Financial Highlights
Financial Highlights Q1-2014 Q4-2013 Variance $ $ % Total AUM 80.4B 77.5B 4% Total Revenue 50.0M 55.2M (10)% Base Management Fees 47.7M 42.8M 11% Total Performance Fees 0.5M 11.0 M (100)% Other Revenue 1.8M 1.4M 21% Adjusted EBITDA1 15.1M 22.9M (34)% Net Earnings 2.7M 8.5M (68)% Attributable to Comp
Slide 6: AUM Trend
AUM Trend BILLION $ 80.4 77.5 65.7 65.1 67.2 55.7 58.1 54.4 * Q5 due to the fiscal year change in 2012. 6
Slide 7: AUM at March 31, 2014
AUM at March 31, 2014 Market Segment Asset Class Region Private Institutional Alternative United States Others Wealth 13% Markets Strategies 9% Fixed Income Maritimes 11% 1% Quebec 54% 52% 62% 3% Western Canada 7% Retail Equity 33% 29% Ontario 26% 7
Slide 8: Revenue Trend
Revenue Trend MILLION $ 55.2 50.0 33.2 35.1 31.0 30.2 26.3 26.4 * Q5 due to the fiscal year change in 2012. 8
Slide 9: Adjusted EBITDA ($) & Margin (%) Trend
Adjusted EBITDA ($) & Margin (%) Trend MILLION $ 1 1 * Q5 due to the fiscal year change in 2012. 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring related costs. 9
Slide 10: Rolling Last Twelve Months Adjusted EBITDA ($) & Margin (%) Trend
Rolling Last Twelve Months Adjusted EBITDA ($) & Margin (%) Trend MILLION $ 1 1 * Q5 due to the fiscal year change in 2012. 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring related costs. 10
Slide 11: Investment Performance (March 31, 2014)
Investment Performance (March 31, 2014) Traditional Strategies 10 YEARS OR 1 YEAR RETURN ADDED VALUE SINCE INCEPTION (%) (%) RETURNS1 (%) FIXED INCOME Active Fixed Income 0.63 5.63 0.51 Active Fixed Income Long-term -0.95 7.32 0.40 Tactical Fixed Income 0.11 6.24 1.11 Integrated Fixed Income 1.51 5.
Slide 12: Investment Performance (March 31, 2014)
Investment Performance (March 31, 2014) Alternative Strategies 1 YEAR RETURN ABSOLUTE RETURNS (%) SINCE INCEPTION1 (%) North American Market Neutral 10.59 7.43 Long/Short Equity 30.37 13.60 Global Macro 1.32 4.07 Absolute Bond Yield -3.48 0.73 Infrastructure ( Fiera Axium) 7.85 4.57 Real Estate 11.1
Slide 13: Outlook
Outlook Positive financial markets outlook Pursuing integrations and realizing synergies Continued focus on development of new products Strengthening our U.S. presence 13
Slide 14: Questions & Answers
Questions & Answers 14
Slide 15: Thank you
Thank you sesso
Slide 16: fieracapital.com
fieracapital.com