AGF Management Limited Class B · TSX:AGF.B
AGF Management Limited Class B — Scotia Capital Financials Summit 2008
25 slides from AGF Management Limited Class B's conference presentation, Sep 9, 2008
Slide 1: AGF Management Limited - Scotia Capital Financials Summit
AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT SEPTEMBER 9, 2008
Slide 2: Blake C. Goldring, Chairman and CEO
AGF MANAGEMENT LIMITED BLAKE C. GOLDRING, CFA CHAIRMAN AND CHIEF EXECUTIVE OFFICER, AGF MANAGEMENT LIMITED
Slide 3: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS The forward looking information is provided as of June 25, 2008. Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the meaning of securities
Slide 4: Corporate Profile: Highlights
CORPORATE PROFILE: HIGHLIGHTS In business for over 50 years Competitive product line-up Diversified investment management business Trust business contributing substantial profits Strong balance sheet Committed to growing profits and dividends
Slide 5: Organizational Structure
AGF MANAGEMENT LIMITED: ORGANIZATIONAL STRUCTURE AGF Management Limited Investment Management AGF Trust Company Segment AGF Funds Inc. AGF Asset Management Smith & Williamson Group Limited Holdings Limited* - AGF Asset Management Asia Limited - Cypress Capital Management Limited - Highstreet Asset M
Slide 6: Assets by Business Segment
AGF MANAGEMENT LIMITED: ASSETS BY BUSINESS SEGMENT Trust Company Investment Management Smith & Williamson Institutional & Real Estate Strategic Investment Secured Mutual Fund Assets Accounts Loans Loans $2.3B $26.4B $18.5B $2.0B High-net-worth $3.8B Total loan assets*: Total assets under Total asset
Slide 7: The Profile Has Changed
AGF MANAGEMENT LIMITED: THE PROFILE HAS CHANGED Nov. 30, 1996 August 31, 2008 High-Net-Worth $3.8B Mutual Institutional Mutual Fund & Strategic Fund Assets Accounts Assets Assets $10.0B $ 26.4B $ 18.5B Total assets: Total assets: $10.0 billion $ 48.7 billion Nov. 30, 1996 August 31, 2008 Trust Loan
Slide 8: Strategic Priorities
AGF MANAGEMENT LIMITED: STRATEGIC PRIORITIES • Client-centric focus while growing revenue and controlling expenses • Capitalize on strategic synergies within businesses and between businesses • Promote international investment management competency across multiple channels • Look for acquisition opp
Slide 9: Randy G. Ambrosie, President, AGF Funds Inc.
AGF MANAGEMENT LIMITED RANDY G. AMBROSIE PRESIDENT, AGF FUNDS INC.
Slide 10: Retail Business: Profile
RETAIL BUSINESS: PROFILE Retail Assets as at August 31, 2008 • $33 Billion in AUM, including Money Market 2% $26 Billion in mutual funds* Balanced 11% Variety of Investment Solutions: • Retirement Notes Fixed Income 12% • Linked Notes • Managed Assets Equity 75% • Over 50 mutual funds across all reg
Slide 11: Top Five Long-Term Categories Get Most of the Net Sales
TOP FIVE LONG-TERM CATEGORIES GET MOST OF THE NET SALES Net sales top five long-term categories* ($ million) = % of total industry long-term net new sales 40,000 30,000 87% 80% Net sales of the 78% 20,000 44 long-term 84% asset categories reported net redemptions of 22,893 21,378 -$ 534 million 10,0
Slide 12: Retail Business: Business Model
RETAIL BUSINESS: BUSINESS MODEL IM PM ADMIN & SERVICE RM
Slide 13: Results November 2007: Environics Perception Survey
RESULTS NOVEMBER 2007: ENVIRONICS PERCEPTION SURVEY Category Rank ‘06 to ‘07 Change Overall Company #1 (tie) 12% Sales Penetration #1 12% AUM Penetration #1 10% Brand Equity #1 8% Source: Environics – based on survey of 1,955 advisors on 19 mutual fund companies
Slide 14: Fund Performance Comparison, July 31, 2008
FUND PERFORMANCE COMPARISON, JULY 31, 2008 % of total assets above median COMPANY One Year Two Year Three Year Five Year AGF Funds Inc. 40% 60% 62% 65% Source: Morningstar
Slide 15: Stand-Alone Fund Flows: Key Driver Fund Performance
STAND-ALONE FUND FLOWS KEY DRIVER: FUND PERFORMANCE Net Sales in Billions of Dollars Number of funds $3.61 $3.08 67 211 ($2.94) ($3.37) ($0.31) 330 225 95 5 4 3 2 1 Morningstar Rating™ Source: Investor Economics as of March 31, 2008
Slide 16: MFoFs Fund Flows: Manufacturer and Distribution Strategies
MFoFs FUND FLOWS KEY DRIVER: MANUFACTURER AND DISTRIBUTION STRATEGIES Net Sales in Billions of Dollars Number $4.64 of funds $4.27 $3.33 145 95 99 $1.04 $0.34 25 37 5 4 3 2 1 Morningstar Rating™ Source: Investor Economics as of March 31, 2008
Slide 17: Some Traction in Industry's Best-Selling Categories
SOME TRACTION IN INDUSTRY’S BEST-SELLING CATEGORIES % of total industry net sales vs. % of AGF funds net sales 95% Industry AGF 85% 75% 65% 55% 45% 35% 25% 15% 5% -5% $11,125 -$23 $2,387 -$109 $2,123 -$7 $1,220 $55 $910 $135 Cdn Money Market Cdn Neutral US Money Market Global Equity Global Neutral B
Slide 18: Sales Trends: Future Trends
SALES TRENDS ¾Fund of Funds Future Trends ¾Retirement Products ¾Tax Efficiency
Slide 19: Retail Business: Business Model
RETAIL BUSINESS: BUSINESS MODEL IM PM ADMIN & SERVICE RM
Slide 20: Blake C. Goldring, Chairman and CEO
AGF MANAGEMENT LIMITED BLAKE C. GOLDRING, CFA CHAIRMAN AND CHIEF EXECUTIVE OFFICER, AGF MANAGEMENT LIMITED
Slide 21: Profitability - Continuing Operations
AGF MANAGEMENT LIMITED: PROFITABILITY – CONTINUING OPERATIONS 400 350 382 389 300 250 178 178 $ Millions 200 150 100 50 0 2007 2008 Six Months Ended May 31 Revenue EBITDA 2007 revenue and EBITDA include $8.0 million related to gain from RSP loan securitization. ($5.2 million after tax)
Slide 22: Capital Stewardship - Dividends
AGF MANAGEMENT LIMITED: CAPITAL STEWARDSHIP – DIVIDENDS 12 consecutive years of dividend increases 1.00 1.00 R 24 % 0.90 C A G 0.80 0.70 $ / share 0.60 0.50 0.40 0.30 0.20 0.09 0.10 0.00 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* * Annualized based on January 30, 2008 announcement
Slide 23: Corporate Profile: Highlights
CORPORATE PROFILE: HIGHLIGHTS In business for over 50 years Competitive product line-up Diversified investment management business Trust business contributing substantial profits Strong balance sheet Committed to growing profits and dividends
Slide 24: Questions?
P oucsnons? =
Slide 25: AGF Management Limited - Scotia Capital Financials Summit
AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT SEPTEMBER 9, 2008
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