Schroders Plc · LSE:SDR
Schroders — Shareholder Meeting (May 2014)
18 slides from Schroders's shareholder meeting presentation, May 1, 2014
Slide 1: Welcome to the 2014 Annual General Meeting
Welcome to the 2014 Annual General Meeting 1 May 2014
Slide 2: 2013: Record results
2013: Record results Organic growth and strategic acquisitions Net revenue up 24% to £1,407.6m (2012: £1,134.9m) Profit before tax and exceptional items up 41% to £507.8m (2012: £360.0m) Full year dividend up 35% to 58.0 pence per share (2012: 43.0 pence per share) Net new business £7.9bn
Slide 3: Asset Management
Asset Management Assets under management: £232.8bn (2012: £195.7bn) Gross inflows £70.3bn (2012: £53.6bn) Net inflows £9.4bn Institutional £4.6bn Intermediary £4.8bn Diversified by region and asset class Integration of Cazenove Capital investment funds: net inflows £1.8bn 68% of funds
Slide 4: Wealth Management
Wealth Management Assets under management: £30.1bn (2012: £16.3bn) Net revenues up 59% to £150.0m (2012: £94.4m) Profit before tax and exceptional items up 191% to £34.3m (2012: £11.8m) Net outflows £1.5bn AUM up 85% to £30.1bn (2012: £16.3bn) Encouraging response from Cazenove Capital cli
Slide 5: Share price performance 2013
Share price performance 2013 180% 170% 160% +57% 150% 140% 130% 120% +14% 110% 100% 90% 80% Jan 2013 Jun 2013 Dec 2013 Schroders FTSE-100 6 2014 Annual General Meeting | May 2014
Slide 6: Q1 Interim Management Statement
Q1 Interim Management Statement A good start to 2014 Profit before tax and exceptional items up 14% to £130.7m (Q1 2013: £115.0m) Asset Management £117.0m (Q1 2013: £105.2m) Wealth Management £13.3m (Q1 2013: £4.9m) Net new business £3.8bn Strong performance in Intermediary Record assets
Slide 7: Outlook and future priorities
Outlook and future priorities Focus on organic growth Growth opportunities in most asset classes and regions Likely slowdown in Intermediary Good pipeline of new business in Institutional including £12.2bn from Friends Life Repositioned capability and contribution from Wealth Management Op
Slide 8: Awards
Awards 9 2014 Annual General Meeting | May 2014
Slide 9: 2014 Annual General Meeting
2014 Annual General Meeting 1 May 2014 Andrew Beeson Chairman
Slide 10: Resolutions 1 and 2
Resolutions 1 and 2 1. To receive the Report and Accounts. 2. To declare the Final Dividend. 11 2014 Annual General Meeting | May 2014
Slide 11: Resolutions 3 and 4
Resolutions 3 and 4 3. To approve the Remuneration Report. 4. To approve the Remuneration Policy. 12 2014 Annual General Meeting | May 2014
Slide 12: Resolution 5
Resolution 5 5. To elect Richard Keers. 13 2014 Annual General Meeting | May 2014
Slide 13: Resolution 6
Resolution 6 6. To re-elect Andrew Beeson. 14 2014 Annual General Meeting | May 2014
Slide 14: Resolutions 7 to 15
Resolutions 7 to 15 7. To re-elect Ashley Almanza. 12. To re-elect Philip Mallinckrodt. 8. To re-elect Luc Bertrand. 13. To re-elect Nichola Pease. 9. To re-elect Robin Buchanan. 14. To re-elect Bruno Schroder. 10. To re-elect Michael Dobson. 15. To re-elect Massimo Tosato. 11. To re-elect Lord Howa
Slide 15: Resolutions 16 and 17
Resolutions 16 and 17 16. To re-appoint PricewaterhouseCoopers LLP as auditors. 17. To authorise the Directors to fix the auditors’ remuneration. 16 2014 Annual General Meeting | May 2014
Slide 16: Resolutions 18 to 20
Resolutions 18 to 20 18. To renew the authority to allot shares. 19. To renew the authority to purchase own shares*. 20. Notice of general meetings*. *Special resolution 17 2014 Annual General Meeting | May 2014
Slide 17: Thank you for attending the 2014 Annual General Meeting
Thank you for attending the 2014 Annual General Meeting 1 May 2014
Slide 18: Forward-Looking Statements
Forward-Looking Statements These presentation slides may contain forward-looking statements with respect to the financial condition, performance and position, strategy, results of operations and businesses of the Group. Such statements and forecasts involve risk and uncertainty because they are base