Value Partners Group Limited · HKEX:806
Value Partners — H1 2021 Earnings Presentation
16 slides from Value Partners's earnings presentation, Aug 12, 2021
Slide 1: 2021 Interim Results
A company listed on the Hong Kong Stock Exchange Stock code: 806 HK 2021 Interim Results For the six months ended 30 June 2021 Results Presentation, 12 August 2021 1
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 Steffanie YUEN Managing Director, Head of Marketing, Communications and Investor Relations
Slide 4: Financial highlights
Financial highlights (In HK$ million) 1H 2021 1H 2020 % Change (unaudited) (unaudited) Profit attributable to owners of the Company 209.8 125.5 +67.2% Total revenue 707.8 579.8 +22.1% Gross management fees 501.9 519.6 -3.4% Gross performance fees 91.3 15.6 +485.3% Total expenses (250.8) (239.9) +4.5
Slide 5: Assets under management ("AUM")
Assets under management (“AUM”) Value Partners’ AUM stood at US$13.0 billion as of 30 June 2021 1 (US$ billion) 20.0 15.6 16.6 15.0 15.0 14.2 15.0 12.9 13.2 13.0 1H 2021 fund flows 10.0 Net outflow : US$1.7 billion 5.0 0.0 12/2014 12/2015 12/2016 12/2017 12/2018 12/2019 12/2020 06/2021 AUM change in
Slide 6: AUM analysis
AUM analysis Source: Value Partners; As at 30 June 2021 and 31 December 2020. 6
Slide 7: Stringent cost control
Stringent cost control Total expenses Fixed cost coverage ratio (HK$ million) (HK$ million) 300 251 400 250 17 240 15 4 4 200 39 58 8 15 293 302 150 57 1.9x 46 200 1.7x 100 115 Fixed 113 172 159 50 expenses 0 1H 2020 1H 2021 0 1H 2020 1H 2021 Others 2 Sales and marketing Other compensation and benef
Slide 8: Strong balance sheet
Strong balance sheet As at 30 June 2021 HK$ million ASSETS Current assets 2,170 • Cash & cash equivalents • 1,939 • Investments1 • 19 • Fees receivables • 177 Non-current assets 3,418 • Investments (including investment in JV and investment property)1 • 3,142 Total assets 5,588 LIABILITIES Current l
Slide 9: Business and strategy updates
Business and strategy updates Angel TENG Managing Director, Chief Strategy Officer Gary GUAN Managing Director, Co-Head of China Business
Slide 10: Value Partners key growth drivers
Value Partners 3 key growth drivers Expand geographical Grow product range Capture opportunities and channel reach in new asset classes in China onshore market 10
Slide 11: Strong growth in AUM from overseas markets
Strong growth in AUM from overseas markets AUM from overseas markets (US$ billion) 5 32% 27% 30% 4 19% +11% 3 15% +34% 20% 2 +24% 3.8 4.2 1 2.3 2.8 10% 0 0% 2018 2019 2020 2021 1H Overseas market AUM % of AUM Europe AUM (US$ million) Japan AUM (US$ million) North America AUM (US$ million) 1,468 737
Slide 12: Product suite expansion and innovation
Product suite expansion and innovation Continued expansion of our fixed Strong performance and continuous inflows income product suite, including the into our flagship funds including Greater China launch of our UCITS-compliant ICAV China / Asian equities equity strategy and High-Dividend Stocks
Slide 13: Thematic equities and multi-asset growth
Thematic equities and multi-asset growth Healthcare equity strategy Healthcare equity strategy: Cross-harbour tunnel AuM (USD’m) outdoor ad YTD Performance: 440 +9.1% +193% Thematic Morningstar peer group 150 ranking 1st in 5 yr and 32 since inception periods Dec'19 Dec'20 Jun'21 Healthcare equi
Slide 14: Capturing opportunities in onshore China
Capturing opportunities in onshore China • Strengthen distribution channel sales team, to multi-regional and multi- type of customers coverage Strengthen • Expand coverage to innovative • Actively preparing for the distribution distribution channels expansion, highly anticipated launch such as onlin
Slide 15: Appendix: The management team
Appendix: The management team (By order of presentation) Steffanie YUEN Angel TENG Gary GUAN Managing Director, Managing Director, Managing Director, Head of Marketing, Communications Chief Strategy Officer Co-Head of China Business and Investor Relations Ms. Steffanie YUEN is Managing Director of
Slide 16: 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 ir@vp.com.hk Steffanie YUEN Managing Director, Head of Marketing, Communications and Investor Relations Email: steffanieyuen@vp.com.hk Tel: (852) 2143 0642 D