GQG Partners, Inc. · ASX:GQG
GQG Partners — FY2021 Earnings Presentation
22 slides from GQG Partners's earnings presentation, Feb 25, 2022
Slide 1: Full Year Results
For personal use only Full Year Results GQG Partners | The Art of Investing For the year ended 31 December 2021 RAJIV JAIN TIM CARVER MELODIE ZAKALUK Chairman and CIO Chief Executive Officer Chief Financial Officer AS AT 31 DECEMBER 2021
Slide 2: Financial Year Highlights
FINANCIAL YEAR HIGHLIGHTS For the Year Ended 31 December 2021 For personal use only FUNDS UNDER MANAGEMENT Net flows of US$17.1 billion during 2021 CALL AGENDA Funds Under Management as at 31 Melodie Zakaluk, CFO: Full Year 2021 Financial Results December 2021 of US$91.2 billion, an increase o
Slide 3: Full Year Financial Results
For personal use only Full Year Financial Results MELODIE ZAKALUK Chief Financial Officer AS AT 31 DECEMBER 2021 2
Slide 4: Earnings and Revenue Growth
FINANCIAL RESULTS Earnings and Revenue Growth INCREASED REVENUE – FORECAST VS. ACTUAL RESULTS For personal use only INCREASED MARGINS FOR THE SECOND HALF OF 2021 $450.0 85.0% 81.4% ACTUAL FORECAST $400.0 80.0% 2H21 2H21 $350.0 $397.9 $300.0 74.5% Closing FUM† (US$ billions) 91.2 88.6 75.0% $250.0 Av
Slide 5: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations For personal use only CONSOLIDATED STATEMENTS OF OPERATIONS YOY COMPARISON OF DECEMBER 2021 RESULTS AND COMPARISON TO FORECAST COMMENTARY YOY COMPARISON 31 DECEMBER YTD % Net revenue was up 74.9% compared to last year. The increase in net reven
Slide 6: Consolidated Statement of Financial Condition
FINANCIAL RESULTS Consolidated Statement of Financial Condition As of 31 December 2021 For personal use only CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS OF 31 DECEMBER 2021 COMMENTARY US$M 31-Dec-21 x Balance sheet remains strong with no debt, sufficient working capital and Assets includes a di
Slide 7: Consolidated Statements of Cash Flows December 2020 vs 2021
FINANCIAL RESULTS Consolidated Statements Of Cash Flows 31 December 2020 vs 2021 For personal use only CONSOLIDATED STATEMENTS OF CASH FLOWS YOY COMPARISON OF 31 DECEMBER 2020 AND 2021 COMMENTARY • Aside from corporate tax payments, the main uses of cash have US$M FY20 FY21 historically been and are
Slide 8: Business Update
For personal use only Business Update TIM CARVER Chief Executive Officer AS AT 31 DECEMBER 2021 7
Slide 9: FUM, Flows, and Investment Performance
For personal use only FUM, Flows, and Investment Performance 8
Slide 10: Strategy Level Performance as of 31-Dec-21
BUSINESS OVERVIEW Strategy Level Performance as of 31-Dec-21 For personal use only GLOBAL EQUITY INTERNATIONAL EQUITY 25 20 18.77 20.38 15.59 19.35 Total Return % Total Return % 20 18.54 17.47 15 12.73 13.18 16.46 11.31 14.40 13.66 9.61 15 10 7.82 10.57 5.93 10 5 5 0 0 1 Year 3 Years 5 Years ITD 1-D
Slide 11: US Mutual Fund Performance YTD as of 18-Feb-22
BUSINESS OVERVIEW US Mutual Fund Performance YTD as of 18-Feb-22 For personal use only GLOBAL INTERNATIONAL US EMERGING MARKETS 2.00% 1.01% 0.36% 0.07% 0.00% -0.47% -0.83% -2.00% -1.95% -2.77% -4.00% -6.00% -6.71% -8.00% -8.57% -10.00% -12.00% -11.93% -14.00% -13.13% -14.29% -16.00% GQG Partners Glo
Slide 12: Funds Under Management
BUSINESS OVERVIEW Funds Under Management For personal use only ROLLFORWARD OF FUM† US$ BILLIONS BY YEAR 2019 2020 2021 Beginning FUM† 17.6 30.7 67.0 Net Flows 7.6 25.3 17.1 Performance 5.5 11.0 7.1 † Ending FUM 30.7 67.0 91.2 QUARTERLY NET FLOWS YTD 1Q21 2Q21 3Q21 4Q21 18-FEB-22 Net Flows 4.6 6.2 3.
Slide 13: eVestment Viewership
BUSINESS OVERVIEW eVestment Viewership For personal use only 1 YEAR TOTAL 1 YEAR TOTAL EMERGING MARKETS VIEWS INTERNATIONAL VIEWS GQG Partners LLC 1,624 GQG Partners LLC 1,201 Sands Capital Management, LLC 952 Dodge & Cox 902 Baillie Gifford & Co 904 Capital Group 805 RBC Global Asset Management 752
Slide 14: Global Equity Investment Growth and Excess Return
BUSINESS OVERVIEW Global Equity Investment Growth and Excess Return For personal use only 160% GQG PARTNERS GLOBAL EQUITY COMPOSITE INVESTMENT GROWTH AND EXCESS RETURN 140% 120% 100% 80% 60% 40% 20% 0% GQG Excess Return GQG Partners Global Equity (net) MSCI ACWI Ex USA (net) US INSTITUTIONAL MUTUAL
Slide 15: Funds Under Management
BUSINESS OVERVIEW Funds Under Management For personal use only FUM† BY STRATEGY US$ BILLIONS 32.3 25.6 27.3 INSTITUTIONAL CLIENT CONCENTRATION % OF TOTAL FUM† AS OF 31-DEC-2021 75% 6.0 Emerging Markets International Global US FUM† BY CHANNEL FUM† BY GEOGRAPHY US$ BILLIONS US $ BILLIONS 7.1 1
Slide 16: Year Over Year Funds Under Management Growth
BUSINESS OVERVIEW Year Over Year Funds Under Management Growth For personal use only 3 YEAR FUM GROWTH YEAR OVER YEAR GROWTH US$ BILLIONS BY CHANNEL* 2019 2020 2021 91.2 57.7% 67.0 42.2% 27.3% 30.7 Emerging Markets International Global US Institutional Sub-Advisory Wholesale YEAR OVER YEAR GROWTH YE
Slide 17: Highlights
BUSINESS OVERVIEW Highlights For personal use only 2021 HIGHLIGHTS Net flows of US$17.1 billion Entered into 8 new sub-advisory relationships during 2021 Successful launch of new products during the year: 3 Quality Dividend Income strategies which have grown to over US$0.4 billion in net ass
Slide 18: Investment Environment
For personal use only Investment Environment RAJIV JAIN Chairman & Chief Investment Officer AS AT 31 DECEMBER 2021 17
Slide 19: Conclusion
CONCLUSION For personal use only We are passionate about investing We will always endeavour to grow, learn, adapt and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility thro
Slide 20: Question Time: Management Team
QUESTION TIME Management Team For personal use only RAJIV JAIN TIM CARVER MELODIE ZAKALUK Chairman & Chief Executive Officer Chief Financial Officer Chief Investment Officer AS AT 31 DECEMBER 2021 19
Slide 21: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute There may be additional risks associated with international and INFORMATION ABOUT FUM BY CHANNEL For personal use only investment advice and no investment decision should be made emerging markets investing involving
Slide 22: Important Information
IMPORTANT INFORMATION The MSCI All Country World Index (MSCI ACWI) is a global equity representative of GQG Partners (Australia) Pty Ltd, ACN 626 132 United Kingdom is restricted by law. Accordingly, this document is For personal use only index, which tracks stocks from 23 developed and 27 emerging