Slide 1: 2018 Interim Results
Incorporated in the Cayman Islands with limited liability A company listed on the Hong Kong Stock Exchange Stock Code: 806.HK 2018 Interim Results For the six months ended 30 June 2018 Results Presentation, 14 August 2018
Slide 2: Disclaimer
Disclaimer This document has been prepared by Value Partners Group Limited (the "Company") solely for use at the presentation. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should
Slide 3: Financial highlights
Financial highlights By Icy WONG Chief Financial Officer 3
Slide 4: Financial highlights
Financial highlights (In HK$ million) 1H 2018 1H 2017 Change Fee income and other revenue 958.1 752.2 +27.4% Gross management fees 712.9 546.7 +30.4% Gross performance fees 50.7 22.3 +127.4% Total expenses (266.9) (226.0) +18.1% Operating profit (before other gains or losses) 246.1 140.3 +75.4% Prof
Slide 5: Assets under management
Assets under management Assets under management (“AUM”) (US$ billion) 20 16.6 17.2 Key driver of AUM increase: 15.6 • Strong net inflow of 15 12.9 13.2 US$1.6 billion 10.5 10 (Reversed from a net outflow of US$278 million 5 in full-year2017) 0 Dec-2013 Dec-2014 Dec-2015 Dec-2016 Dec-2017 Jun-2018 AU
Slide 6: AUM analysis
AUM analysis 1. AUM as at 30 June 2018 and 31 December 2017 6
Slide 7: Stringent cost control
Stringent cost control Total expenses Fixed cost coverage ratio (HK$ million) Total (HK$ million) 300 expenses 267 8 250 11 226 11 400 414 200 75 7 53 11 323 12 2.6x 150 50 2.3x 42 200 100 162 Fixed 112 143 50 101 expenses 0 0 1H 2017 1H 2018 1H 2017 1H 2018 Others 3 Sales and marketing Other compen
Slide 8: Strong Balance Sheet
Strong Balance Sheet As at 30 June, 2018 HK$ millions ASSETS Current assets 2,710 • Cash & equivalents1 • 1,691 • Fees receivable • 162 • Investments2 • 784 Non-current assets 1,913 • Investments (including investment in JV)2 • 1,824 Total assets 4,623 LIABILITIES Current liabilities 675 • Accrued b
Slide 9: Business review
Business review By Dr. AU King Lun MH, PhD Chief Executive Officer 9
Slide 10: Gathering momentum in China
Gathering momentum in China Private Funds/ PFM Business Launched first PFM fund in January Granted QDLP Launched second PFM fund in July quota of US$100 Granted Planning to launch another fund by the million end of the year Private Fund Established WFOE Onshore Private Equity Business Ma
Slide 11: Product suite expansion
Product suite expansion Alternatives China / Greater China equities Private Equity Real Estate Launched first fund in June 2017 Quantitative QIS Preparing to launch second Investment Asia equities fund, which has the same Solutions investment strategy as our first fund Private Equity Alternative
Slide 12: A global presence
Strictly Private and Confidential A global presence U.S. Office Expected to open by the end of 2018 Will serve as our London Office North America Received approval from distribution hub the Financial Conduct To better access and Authority in March engage with Growing the suite of instituti
Slide 13: Enhancing distribution
Enhancing distribution Institutional Intermediary/ Retail Value Partners Academy Manager research reviews Brand awareness Convert Nurture Attract Convert Nurture Attract Convert Nurture 13
Slide 14: Investor relations contacts
Investor relations contacts Value Partners Group Limited 43rd Floor, The Center 99 Queen’s Road Central, Hong Kong www.valuepartners-group.com Ms. Icy Wong Chief Financial Officer Email: icywong@vp.com.hk Tel: (852) 2143 0464 Follow us on WeChat LinkedIn Ms. Isabella Zhong Associate Director, Invest