Guardian Directed Equity Path Portfolio (GGEP.F) · TSX:GGEP.F
Guardian Directed Equity Path Portfolio (GGEP.F) — Guardian Capital Group — Shareholder Meeting (May 2023)
18 slides from Guardian Directed Equity Path Portfolio (GGEP.F)'s shareholder meeting presentation, May 12, 2023
Slide 1: Annual Meeting of Shareholders
Guardian Capital Group Limited Annual Meeting of Shareholders George Mavroudis President and Chief Executive Officer May 12, 2023
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION Certain information included in this presentation constitutes forward-looking information within the meaning of applicable Canadian securities laws. All information other than statements of historical fact may be forward-looking information. Forward-looking information is
Slide 3: Guardian at a Glance
STABILITY. TRUSTWORTHINESS. INTEGRITY. GUARDIAN AT A GLANCE v Allocation Of Capital Key Metrics from 2012 to Present TOTAL CLIENT MARKET IN ACQUISITIONS3 IN SHARE BUYBACKS3 ASSETS1 CAPITALIZATION2 $56.3 billion $1.13 billion $168 million $185 million SHAREHOLDERS’ SECURITIES AND CASH IN DIVIDENDS AN
Slide 4: 2022 Financial Highlights
2022 FINANCIAL HIGHLIGHTS ($ millions, except per share amounts) 2022 2021 % Increase / Decrease Net revenues $ 201.0 $ 194.0 4% Operating earnings $ 44.1 $ 54.9 -20% EBITDA1 $ 64.2 $ 69.6 -8% EBITDA from discontinued operations1 $ 38.5 $ 38.1 1% Client assets (AUM and AUA) $ 53,302 $ 60,679 -12% Sh
Slide 5: Q1 2023 Financial Highlights
Q1 2023 FINANCIAL HIGHLIGHTS ($ millions, except per share amounts) Q1 2023 Q1 2022 % Increase / Decrease Net revenues $ 54.5 $ 51.8 5% Operating earnings $ 11.2 $ 13.5 -17% Net earnings from discontinued operations $ 553.7 $ 5.6 9788% Net earnings $ 580.2 $ 5.8 9903% EBITDA1 $ 17.4 $ 17.5 -1% Clien
Slide 6: Financial Results by Segment
Q1 2023 Investment Management FINANCIAL RESULTS BY SEGMENT Corporate Activities and Investments $7.5 $1.4 7.5% 13% $4.2 24% $54.5 $11.2 $17.4 (Q1 2022 -$51.8) (Q1 2022 -$13.5) (Q1 2022 - $17.5) $13.2 $47.0 $9.8 76% 86% 87% Net Revenue by Segment Operating Earnings by Segment EBITDA by Segment ($ mil
Slide 7: Return to Shareholders: Dividends
RETURN TO SHAREHOLDERS: DIVIDENDS 0.340 Total Annual Dividends per Share and Quarterly Dividend rate per Share 19% Annual For the periods shown ($ millions) Growth Rate 0.240 Since January 1, 2012, Guardian has consistently increased our dividend rate, 0.180 with a 19% compounded 0.160 annual growth
Slide 8: Return to Shareholders: Share Buybacks
Allocation Of Capital from 2012 to Present RETURN TO SHAREHOLDERS: SHARE BUYBACKS Shares Average Price Total Cost Our dividend rate has steadily risen while our Share Buybacks since 2012 (in 000’s) (in $’s) (in $000’s) shares outstanding have decreased since 2012 $0.40 35,000 Outstanding at January
Slide 9: Total Shareholder Return
TOTAL SHAREHOLDER RETURN Guardian’s Class A Shares, Total Return for a Guardian Shareholder as compared to the S&P/TSX Index assuming the reinvestment of $500 dividends, have GCG/A $450 outperformed $400 the S&P/TSX $350 Index, $300 generating a $250 total annualized $200 return to $150 S&P/TSX Inde
Slide 10: Managing Our Investment Portfolio
Bank of Montreal Shares MANAGING OUR Proprietary Liquid Securities INVESTMENT PORTFOLIO Other Securities Short-Term Securities Guardian’s Security Portfolio (in $ millions) $268.2 — Since 2012, Guardian’s (21%) $361.2 security portfolio has increased $54.6 (28%) (15%) in value over 3.5 times, notwit
Slide 11: Guardian's Operating Businesses
GUARDIAN’S OPERATING BUSINESSES Canadian Equities, Global Equities, Real Estate US Fixed Income Canadian Fixed Income, Balanced Solutions US Equities Digital Advisory Clients Global Equities, Emerging Markets Equities Ultra-high-net-worth Clients Ultra-high-net-worth Clients High-net-worth Clients H
Slide 12: Investment Management: Investment Solutions
INVESTMENT MANAGEMENT INVESTMENT SOLUTIONS GCLP Canadian Fixed Income | $6.4B AUM Agincourt US Fixed Income | $10.2B AUM $5.3B (14.9% of revenue) GCLP Canadian Equities | $5.3B AUM $9.4B $16.5B (16.8% of (19.8% of revenue) revenue) TOTAL Private Client | $9.4B AUM and AUA CLIENT ASSETS Alta US Equit
Slide 13: Distribution Channels
CLIENT ASSETS DISTRIBUTION CHANNELS Institutional 53% $30.1 billion | 51.4% of revenue Canadian Retail $56.3B RETAIL $11.0 billion | 17.7% of revenue Total Client 30% U.S. Retail Assets $5.8 billion | 10.7% of revenue Private Wealth 17% $9.4 billion | 20.2% of revenue As at and for the quarter ended
Slide 14: Institutional Client Assets and Revenue by Geography
INSTITUTIONAL CLIENT ASSETS AND REVENUE: U.S. Clients BY GEOGRAPHY International Clients Canadian Clients $10.6B (22.6%) $14.0M (33.5%) $20.3B $16.8M (43.2%) (44.7%) $16.0B (34.2%) $8.2M (21.8%) Institutional Client Assets by Client Geography Institutional Revenue by Client Geography As at March 31,
Slide 15: Investing in Our Business
INVESTING IN OUR BUSINESS Guardian has made a number of strategic transactions and investments in our business, investing over $168 million over the past decade. Acquisition of majority interest in ModernAdvisor, Acquisition of a majority a robo-advisor interest in Rae & Lipskie, Acquisition of a ma
Slide 16: The Sale of Worldsource
THE SALE OF WORLDSOURCE 3 – OPERATING EARNINGS 1 – SALE OF WORLDSOURCE 2 The 2022 operating earnings for the sold On March 1, 2023, Guardian completed the businesses were $25.4 million. sale of Worldsource Financial Management Inc., Worldsource Securities Inc. and IDC 4 – ASSETS UNDER ADMINISTRATION
Slide 17: Disciplined Capital Allocations
Disciplined Capital Allocations 468,642 Share Buybacks Number of Guardian shares repurchased for cancellation since March 1, 2023 $665 Disciplined million Dividends of $0.34/share Capital Increased allocation of operating cash flow to dividends, with an Allocations Approximate amount of increase in
Slide 18: Questions?
Questions? Explore the world of Guardian Capital guardiancapital.com
Guardian Capital Group — Shareholder Meeting (May 2023) on 6ix