Magellan Financial Group Ltd · ASX:MFG
Magellan Financial — Shareholder Meeting (November 2023)
8 slides from Magellan Financial's shareholder meeting presentation, Nov 8, 2023
Slide 1: 2023 Annual General Meeting
Magellan Financial Group Limited For personal use only 2023 Annual General Meeting
Slide 2: Governance & People
Governance & People For personal use only • Executive Chair role for interim period whilst Board undertakes search for a new CEO • Board renewal program now concluded with the appointment of four new directors to the Board ― Board comprises five Non-Executive directors and Executive Chair following
Slide 3: Business Update
Business Update For personal use only • Funds under management of A$34.3 billion as at 31 October 2023 • Profit before tax and before performance fees of the Funds Management business of $212.3 million in FY23 • Adjusted net profit after tax for the group of $174.3 million in FY23 Key Metrics • Adju
Slide 4: Business Update (cont.)
Business Update (cont.) For personal use only 1 year 5 Years Since Inception As at 31 October 2023 (%) (% p.a.) (% p.a.)1 Magellan Global Fund 12.46% 7.41% 10.43% MSCI World NTR Index ($A) 11.58% 10.74% 7.34% Excess 0.88% (3.33%) 3.09% Magellan Infrastructure Fund (3.73%) 2.23% 6.24% Investment Infr
Slide 5: Magellan's DNA
Magellan’s DNA For personal use only • Magellan has a long history of innovation and entrepreneurial spirit as an organisation. For example: ― One of the first fund managers in Australia to offer a Global Equities Strategy Magellan’s DNA ― Pioneering the launch of the Active ETF in 2015 ― Foundation
Slide 6: Strategic Vision
Strategic Vision For personal use only • Enduring role for active management in the industry • Our purpose as an active fund manager is to: ― Protect and grow the wealth of our clients; and Purpose & Ambitions ― Invest in areas and allocate capital to businesses that build a better world for society
Slide 7: Immediate Priorities
Immediate Priorities For personal use only • Restore trust, confidence and value to Magellan’s clients • Develop proposal for Magellan Global Fund conversion of Closed Class Units into Open Class Units Clients • Sales effort on products that offer a compelling proposition to clients • Build upon and
Slide 8: For personal use only
For personal use only www.magellangroup.com.au Phone: +61 2 9235 4888
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