Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q1 2018 Earnings Presentation
20 slides from Fiera Capital Corporation Class A's earnings presentation, May 11, 2018
Slide 1: 2018 Q1 Results
MAY 11, 2018 2018 Q1 Results VINCENT DUHAMEL JOHN VALENTINI Global President and EVP, Global Chief Financial Officer and Chief Operating Officer President of the Private Alternative Investments division
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The accompanying Investor Presentation contains forward-looking information, including future-oriented financial information and financial outlooks within the meaning of Canadian securities laws and regulations. Forward-looking information may include com
Slide 3: Business Overview
Business Overview $2B in new client AUM in the quarter Becoming one of the largest private wealth investment managers in Canada thanks to addition of CGOV Asset Management Expansion in Asia-Pacific with Acquisition of Clearwater Capital Partners Charlemagne Capital rebranded to Fiera Capital Alterna
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights: Quarter-over-Quarter AUM of $ 131.4 billion, up 2%. Base management fees of $112.2 million, up 7%. Adjusted EBITDA1 of $28.8 million, a decrease of 20%. Adjusted EPS1 of $0.24 compared to $0.35. Net earnings (loss) per share of ($0.02), compared to $0.01. 1 Adjusted E
Slide 5: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q1-2018 Q4-2017 Variation $ $ Total AUM 131.4B 128.9B 2% Total Revenues 120.0M 142.1M -15% Base Management Fees 112.2M 105.4M 7% Total Performance Fees 1.5M 31.2M -95% Other Revenues 6.3M 5.5M 16% Adjusted EBITDA1 28.8M 36.1M -20% Net Earnings (Loss) (2.2M)
Slide 6: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q1-2018 Q1-2017 Variation $ $ Total AUM 131.4B 122.1B 8% Total Revenues 120.0M 100.6M 19% Base Management Fees 112.2M 96.3M 16% Total Performance Fees 1.5M 0.5M Over 100% Other Revenues 6.3M 3.7M 70% Adjusted EBITDA1 28.8M 25.2 14% Net Earnings (Loss) (2.2M) 4.4M
Slide 7: Revenue Trend – Quarterly & Last Twelve Months
Revenue Trend – Quarterly & Last Twelve Months 7
Slide 8: Adjusted EBITDA & Margin Trend
Adjusted EBITDA ($) & Margin (%) Trend 1 Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures presented by other companies. Pl
Slide 9: Average BPS Evolution vs AUM
Average BPS Evolution vs AUM 9
Slide 10: LTM EBITDA and Margin Trend
LTM EBITDA ($), LTM Adjusted EBITDA ($) and and Margin (%) Trend 1 Adjusted EBITDA and adjusted EBITDA per share, adjusted EBITDA margin are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures presen
Slide 11: Rolling LTM Dividends and Earnings
Rolling LTM Dividends, Adjusted Net Earnings Per Share and Net Earnings Per Share 1 Adjusted net earnings and adjusted net earnings per share are not standardized measures prescribed by IFRS. These non-IFRS measures do not have any standardized meaning and may not be comparable to similar measures p
Slide 12: AUM and Revenues Breakdown – by Geography
AUM and Revenues Breakdown – by Geography AUM as of March 31, 2018 Revenues Q1 2018 12
Slide 13: Investment Performance: Fixed Income and Balanced
Investment Performance (March 31, 2018) Traditional Strategies – Fixed Income and Balanced Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) FIXED INCOME Integrated Fixed Income Universe 2.08 0.72 3.43 0.
Slide 14: Investment Performance: Equity
Investment Performance (March 31, 2018) Traditional Strategies – Equity Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) Canadian Equity 5.07 3.36 11.02 4.09 2013 S&P/TSX Composite Canadian Equity Core 3.
Slide 15: Investment Performance: Alternative Strategies
Investment Performance (March 31, 2018) Alternative Strategies Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Return (%) North American Market Neutral Fund 0.15 5.56 2007 Absolute Return Long / Short Equity Fund -4.17 12.79 2010 Absolute Return
Slide 16: Outlook
Outlook 2022 Strategic Plan to be finalized in Q3 Increase U.S. platform scale Enhancing private alternatives offering Focus on adding scale, efficiencies Adjusted margin target of 30% by end of 2019 16
Slide 17: Question Period
Question Period 17
Slide 18: Daniel Richard
Daniel Richard Senior Vice President, Corporate Communications and Investor Relations Fiera Capital drichard@fieracapital.com T 514 954-6456 18
Slide 19: Thank You
Thank You 19
Slide 20: fieracapital.com
fieracapital.com