Magellan Financial Group Ltd · ASX:MFG
Magellan Financial — Shareholder Meeting (October 2026)
26 slides from Magellan Financial's shareholder meeting presentation, Oct 22, 2026
Slide 1: 2026 AGM Chair's address and Chief Executive Officer's address
22 October 2026 For personal use only 2026 AGM Chair’s address and Chief Executive Officer’s address Please find attached copies of the addresses and slides to be presented by the Chair and the Chief Executive Officer at today’s 2026 Annual General Meeting of Magellan Financial Group Ltd. This docum
Slide 2: Chair's Address
CHAIR’S ADDRESS For personal use only It is a great privilege to stand before you as your Chair for the first time, at what is undoubtedly a very significant point in this company's history. 2026 has been a transformational year. On 1 July, we completed the merger of Magellan Financial Group and Bar
Slide 3: Financial performance
Financial performance For personal use only Brian Benari, our Chief Executive Officer, will provide more depth on the financial performance of the combined group shortly, but let me provide you with the headlines. On a pro forma basis – as if the merger had completed a year earlier – for the 2026 fi
Slide 4: Governance and outlook
Neither of those things – five years of compounding growth, or twenty years of client trust – can For personal use only be manufactured overnight, and this merger now gives shareholders the benefit of both, sitting side by side in one group. Governance and outlook You'll also be asked today to vote
Slide 5: Chair's closing remarks
I am confident we have the right people, the right financial resources and the right oversight in For personal use only place to deliver on the opportunity in front of us. On behalf of the Board, thank you to everyone across the expanded group for their dedication this year, and thank you, our share
Slide 6: Chief Executive Officer's Address
For personal use only CHIEF EXECUTIVE OFFICER’S ADDRESS It's a privilege to address you today as the CEO of the combined MFG and Barrenjoey business. This has been a landmark year, and I want to use my time today to give you a sense of where the business stands, how it performed, and where we're tak
Slide 7: Barrenjoey standalone performance and fund redemptions
Barrenjoey's standalone performance was strong: revenue of $573 million, up 34%, with growth For personal use only across all three of its businesses, and operating profit after tax up 68% to $112 million. Return on equity approached 33% and operating leverage is emerging. We've also taken steps to
Slide 8: Priorities for FY27
Priorities for FY27 For personal use only Looking ahead, our priorities are clear. First, completing integration and capturing the benefits of the merger – this is our top priority for the year. Second, extending our offering and client reach internationally. We've secured a US swap dealer licence f
Slide 9: Closing
Importantly, we continue to invest in talent in the areas where we see substantial longer term For personal use only growth opportunities across our businesses and particularly in this merger year. Closing To bring it together: this has been a landmark year, in which we completed a complex merger, r
Slide 10: 2026 Annual General Meeting
rsonal use only 2026 Annual General Meeting Magellan Financial Group 22 October 2026
Slide 11: Today's Presenters and agenda
rsonal use only Today’s Presenters and agenda 1 Group update Chair’s address MFG / Barrenjoey today David Gonski FY26 financial results 2 CEO’s address Capital and cash position Brian Benari Dividend David Gonski Brian Benari Chair Chief Executive Officer 2
Slide 12: Chair's address
rsonal use only Chair’s address David Gonski 1
Slide 13: MFG and Barrenjoey today
MFG and Barrenjoey today Client-focused financial services group with diversified revenue rsonal use only Corporate Finance Rebranding to1 • Advisory – M&A, strategy, equity and debt advice (ASX: MFG) (ASX: BJY) • Equity Capital Markets – capital raising, blocks and underwriting • Debt Capital Marke
Slide 14: The combined group today
The combined group today Diversification brings greater revenue resilience and growth opportunities rsonal use only $778m $215m $41bn 593 FY26 revenue1 FY26 operating profit AUM2 Employees1,2 after tax1 [1] Pro forma FY26 (unaudited) [2] Pro forma as at 30 June 2026 5
Slide 15: Dividend
Dividend rsonal use only 2H26 dividend base • 2H26 combined MFG and Barrenjoey earnings • Fully diluted shares on issue post merger 2H26 dividend declared 25.5 cps, fully franked • Payout ratio 80%¹ Dividend policy revised (from FY27) • Targeting payout ratio of 60%–90% of operating profit after tax
Slide 16: Governance
Governance Board of directors1 rsonal use only David Gonski AC Andrew Formica Paul Compton Peeyush Gupta AM Fiona Hick Independent Non- Deputy Non-Executive Non-Executive Director | Independent Non-Executive Non-Executive Director Executive Group Chair Group Chair Chairman of Investment Director Ban
Slide 17: CEO's address
rsonal use only CEO’s address Brian Benari 2
Slide 18: Merged MFG and Barrenjoey Group
Merged MFG and Barrenjoey Group FY26 rsonal use only Pro forma Group2 MFG profit and loss Barrenjoey profit and loss MFG plus Barrenjoey with inter-entity eliminations Includes MFG share of Barrenjoey equity- accounted profit ($42m1) Operating profit after tax Operating profit after tax Operating pr
Slide 19: MFG financial performance
MFG financial performance Lower Investment Management revenues with strategic partnerships delivering rsonal use only Revenue ($m)1 Operating profit after tax ($m)1,2 Net profit after tax ($m)1 Down 12% Down 9% Down 47% 329 317 29 52 291 160 239 10 152 45 145 31 53 76 165 $246m 84 62 135 FY FY Inves
Slide 20: Barrenjoey financial performance
Barrenjoey financial performance High growth and high returning with operating leverage emerging rsonal use only Operating profit after tax ($m)1 Return on equity2 (%) Cost to income ratio (%) High earnings growth High returning business Operating leverage emerging 112 82.7% 32.9% 29.7% 75.4% 67 70.
Slide 21: Cash and capital
Cash and capital Fund investments materially reduced rsonal use only Cash and capital ($m)1 700 611 589 600 Magellan fund investments materially reduced 128 500 170 483 • $251 million of fund investments redeemed • Corresponding increase in cash 400 • Reduces earnings risk 300 348 365 200 419 Surplu
Slide 22: Combined group: drivers of diversified and resilient revenue streams
Combined group Drivers of diversified and resilient revenue streams rsonal use only Corporate Finance Financial Markets Investment Management Advisory Fixed Income • Investment performance • Sector coverage • Client coverage • Net flows and AUM • Client coverage • Risk management • AUM composition a
Slide 23: MFG and Barrenjoey today: integration and synergies
MFG and Barrenjoey today Integration running ahead of schedule and merger synergies upgraded rsonal use only • All Sydney-based staff co-located following merger • Target operating model being implemented • Operational synergies upgraded to $15 million1 (from $6 million) and progressing • Expanded p
Slide 24: Near term priorities with medium term benefits
Near term priorities with medium term benefits Clear plan for structured and disciplined growth rsonal use only Corporate Finance Financial Markets Investment Management Capture merger benefits 1 Successfully integrate and capture merger benefits Expand products and clients 2 Existing capability acr
Slide 25: Important information
Important information This presentation has been prepared by Magellan Financial Group Ltd ACN 108 437 592 (“MFG”). This presentation contains summary information about MFG, and its related bodies corporate (including Barrenjoey Capital Partners Group Holdings Pty Limited and its subsidiaries (“Barre
Slide 26: Important information
Important information To the maximum extent permitted by law, MFG (including its related bodies corporate and strategic partners, directors, officers, employees, agents, associates, affiliates and advisers) (“MFG Parties”) disclaims and excludes all liability for any loss or damage suffered or incur
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