Jupiter Fund Management Plc · LSE:JUP
Jupiter Fund Management — Merger or Acquisition (2025)
12 slides from Jupiter Fund Management's merger presentation, 2025
Slide 1: Acquisition of CCLA Investment Management Limited
ACQUISITION OF CCLA INVESTMENT MANAGEMENT LIMITED
Slide 2: A strategically, culturally and financially attractive acquisition
A strategically, culturally and financially attractive acquisition New non-profit Consistent net Complementary Materially Increased scale client channel 5 inflows, with : : : : investment : 7 accretive, all in home market with no client ren high client a capabilities cash acquisition of UK overlap l
Slide 3: An introduction to CCLA
An introduction to CCLA * CCLAis the largest asset manager in the UK focused on the non-profit client channel * Manages £15bn AUM (£4bn of which is in money market funds), on behalf of charities, religious organisations and local authorities + Apioneer in ethical and responsible investing, with mark
Slide 4: Increased scale in home market of UK through a new client channel
Increased scale in home market of UK through a new client channel CCLA AUM by client type . 2% Non-profit clients are a significant new client channel for Jupiter, and there is no client overlap * Allows Jupiter to expand its presence with local authorities, where the business has a select number of
Slide 5: Complementary investment capabilities resulting in a more diversified combined group
Complementary investment capabilities resulting in a more diversified combined group CCLA AUM by capability Combined Group AUM by capability £59.4bn 11% m™ Multi-asset © Property ™ Global equities WUK equities ™ European equities ™ Global equities _ 7 ~ Systematic equities m Asian and EM equities Mu
Slide 6: Consistent net inflows into long-term funds for each of the last 15 calendar years
Consistent net inflows into long-term funds for each of the last 15 calendar years Net new business into long-term funds (£m) 300 * Generated positive net inflows for each of the last 15 calendar years 700 * Cumulative net inflows £4.3bn since 2015 600 sam * Recent net inflows predominantly driven b
Slide 7: Leading to consistent and sustainable growth in AUM
Leading to consistent and sustainable growth in AUM AUM (incl. MMF) (£bn) 16 * Strong year-on-year growth in AUM, with over “4 10% CAGR since 2015 12 * Growth across all client sub-channels 10 8 * Charities sector has seen largest growth, with nearly 200% increase in AUM 6 4 2 (e) 2015 2016 2017 201
Slide 8: Consistent growth in revenue while maintaining stable fee margins
Consistent growth in revenue while maintaining stable fee margins Revenue (£m) 80 * Consistent revenue growth with c.9% CAGR since 2019 70 66 61 60 58 59 : . * Net management fee margins have remained on broadly stable over recent years, was 44bps at 50 7 FY25 40 2) 30 20 2019 2020 2021 2022 2023 20
Slide 9: A financially resilient business
A financially resilient business Summary P&L! (£m) Key metrics! FY FY Annualised FY Mar-23 Mar-24 run rate Mar-23 Net revenue 59.0 60.9 66.0 AUM (Ebn) 13.5 Net flows into long-term funds (£m) 285 Compensations costs (31.4) (32.8) (34.1) Non-compensation costs (15.6) (17.2) (20.5) Management fee marg
Slide 10: A materially accretive transaction
A materially accretive transaction Allcash . Ravacil + Jupiter is to acquire the entire issued share capital of CCLA for consideration of £100 million, funded consideration: entirely through existing balance sheet cash resources £ 1 0 0 m * Includes downside protection through a purchase price adjus
Slide 11: Forward looking statements
Forward looking statements The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and
Slide 12: Jupiter Fund Management plc
Jupiter Fund Management ple The Zig Zag Building, 70 Victoria Street London, SW1E 6SQ, United Kingdom T: +44 (0)20 3817 1000 F: +44 (0)20 3817 1820 EZ @iupiteram_uk {in| Jupiter Asset Management Jupiteram.com JUPITER
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