Slide 1: Annual Results 2024 Data Pack
Annual Results 2024 Data Pack 6 March 2025
Slide 2: Contents
Contents Page Assets under management (AUM) 3–5 Regional diversification of AUM 6 Total AUM by business area, region and product 7 Gross and net flows 8–11 Currency profile of AUM 12 Asset Management AUM – detailed analysis 13–15 Asset Management net flows by business area 16 Asset Management gross
Slide 3: Assets under management (AUM)
Assets under management (AUM) £778.7 billion at 31 December 2024 Asset Management Wealth Management Total AUM (excl. Total AUM (incl. £bn Associates and JVs total total associates and JVs) associates and JVs) 1 January 2024 532.2 110.2 642.4 108.2 750.6 Net flows (17.1) 6.3 (10.8) 6.1 (4.7) Acquisit
Slide 4: Asset Management AUM
Asset Management AUM £636.2 billion at 31 December 2024 Public Markets Asset Asset Asset Schroders Management total Management Management total £bn Mutual Capital Solutions Institutional (excl. associates associates and (incl. associates Funds and JVs) JVs and JVs) 1 January 2024 66.2 228.3 103.5 13
Slide 5: Wealth Management AUM
Wealth Management AUM £142.5 billion at 31 December 2024 Wealth Management Wealth Management Wealth Management £bn Advised Platform Managed total (excl. associates total (incl. associates associates and JVs and JVs) and JVs) 1 January 2024 68.7 18.9 22.6 110.2 14.3 124.5 Net flows 4.3 1.2 0.8 6.3 0.
Slide 6: Regional diversification of AUM
1 Regional diversification of AUM £778.7 billion at 31 December 2024 UK² £374.6bn North America² £84.0bn EMEA £113.7bn 6 Asia Pacific² £197.6bn South America £8.8bn 1 By client domicile. 2 Associates and JVs AUM comprises of £100.1 billion in Asia Pacific, £15.7 billion in the UK and £1.1 billion in
Slide 7: Total AUM by business area, region and product
Total AUM by business area, region and product Assets under management £778.7 billion By business area By region1 By product 9% 12% 9% 28% 14% 28% 15% 18% 48% 7 15% 18% 25% 19% 16% 26% Solutions Institutional Equities UK Wealth Management Multi-asset Asia Pacific Associates and JVs Fixed income EMEA
Slide 8: Gross inflows excl. associates and JVs (half-yearly)
Gross inflows excl. associates and JVs Half-yearly £bn 80 65.4 66.8 60.7 62.9 60 8 40 20 0 H1 2023 H2 2023 H1 2024 H2 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth Management Annual Results 2024
Slide 9: Gross inflows excl. associates and JVs (annually)
Gross inflows excl. associates and JVs Annually £bn 140 128.1 129.7 126.1 120 100 80 9 60 40 20 0 2022 2023 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth Management Annual Results 2024
Slide 10: Net flows excl. associates and JVs (half-yearly)
Net flows excl. associates and JVs Half-yearly £bn 20 15 4.0 5.7 10 5 0 | | | 10 (5) (10) (6.9) (15) (3.9) (20) H1 2023 H2 2023 H1 2024 H2 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth Management Annual Results 2024
Slide 11: Net flows excl. associates and JVs (annually)
Net flows excl. associates and JVs Annually £bn 30 9.7 20 10 11 0 | | (10) (1.6) (20) (10.8) (30) 2022 2023 2024 Equities Fixed income Multi-asset Private assets & alternatives Wealth Management Annual Results 2024
Slide 12: Currency profile of AUM excl. associates and JVs
Currency profile of AUM excl. associates and JVs Assets under management £661.8 billion 7% 2% GBP 2% 2% 3% USD¹ 39% EUR 13% JPY 12 TWD AUD INR 32% Other² 1 USD includes other currencies pegged to USD, including HKD. 2 Includes the following currencies which individually constitute 1% of AUM: CHF, CN
Slide 13: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £535.0 billion excl. associates and JVs Schroders Capital Solutions Mutual Funds Institutional £70.1bn £213.5bn £110.8bn £140.6bn 13 Private debt and credit Multi-asset 85% Equities 59% Equities 79% 35% alternatives Fixed
Slide 14: Asset Management AUM – detailed business area analysis
Asset Management AUM – detailed business area analysis Assets under management £535.0 billion excl. associates and JVs1 Schroders Capital Solutions Mutual Funds Institutional £70.1bn £213.5bn £110.8bn £140.6bn 14 EMEA 42% UK 80% EMEA 38% Americas 35% UK 37% Asia Pacific 11% Asia Pacific 23% Asia Pac
Slide 15: Asset Management AUM – detailed asset class analysis
Asset Management AUM – detailed asset class analysis Assets under management £535.0 billion excl. associates and JVs Equities Multi-asset Fixed income Private assets and alternatives £190.2bn £192.8bn £81.9bn £70.1bn 15 Global 30% Risk mitigation 51% Europe 27% Private debt and credit alternatives 3
Slide 16: Asset Management net flows by business area
Asset Management net flows by business area £(17.1) billion at 31 December 2024 excl. associates and JVs £bn 10.0 1.3 4.5 5.0 0.0 16 (5.0) (6.3) (10.0) (15.0) (16.6) (20.0) Schroders Capital Solutions Mutual Funds Institutional Equities Fixed income Private assets & alternatives Multi-asset Annual R
Slide 17: Schroders Capital – gross and net flows
Schroders Capital – gross and net flows Assets under management £70.1 billion £bn 10.0 8.6 8.0 6.0 5.6 5.4 4.9 5.1 4.7 4.6 4.0 3.0 2.1 2.4 2.0 1.7 1.5 17 0.0 (2.0) (2.2) (2.1) (2.6) (4.0) (3.7) (3.9) (3.9) (6.0) H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 Gross inflows Gross outflows Net flows A
Slide 18: Solutions – gross and net flows
Solutions – gross and net flows Assets under management £213.5 billion £bn 30.0 25.2 26.2 20.1 19.3 20.0 13.9 15.3 10.0 6.3 6.3 5.7 18 0.0 (10.0) (6.3) (7.9) (8.7) (13.8) (20.0) (18.9) (20.2) (20.5) (23.2) (30.0) (28.0) H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 Gross inflows Gross outflows Net
Slide 19: Mutual Funds – gross and net flows
Mutual Funds – gross and net flows Assets under management £110.8 billion £bn 30.0 20.2 20.0 17.4 17.9 14.8 16.2 14.2 10.0 19 0.0 (0.2) 1.5 (1.0) (3.1) (3.2) (3.2) (10.0) (16.4) (20.0) (18.0) (17.2) (17.4) (17.6) (23.3) (30.0) H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 Gross inflows Gross outfl
Slide 20: Institutional – gross and net flows
Institutional – gross and net flows Assets under management £140.6 billion £bn 20.0 14.8 15.1 15.0 13.4 11.9 10.5 10.4 10.0 5.0 0.2 20 0.0 (2.5) (3.8) (3.8) (5.0) (5.4) (7.5) (10.0) (15.0) (14.6) (15.8) (15.7) (18.0) (17.6) (17.2) (20.0) H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 Gross inflows
Slide 21: Wealth Management excl. associates and JVs
Wealth Management excl. associates and JVs Assets under management £126.8 billion AUM by client size Gross and net flows £bn 12% 12.0 10.8 10.0 9.3 6% 9.0 8.5 40% 7% 6.0 3.7 3.7 2.9 2.6 21 3.0 9% 0.0 11% (3.0) 7% 8% (6.0) (5.6) (5.6) (6.3) <£1m £1m-£5m (9.0) (8.2) £5m-£10m £10m-£25m H1 2023 H2 2023
Slide 22: Net operating revenue and margins – Asset Management
Net operating revenue and margins – Asset Management Asset Management operating profit £467.9 million £m 2023 2024 Net operating revenue (excl. performance fees and net carried interest) 1,827.6 1,816.1 Performance fees 36.7 33.2 Net carried interest 46.9 29.7 Net operating revenue (incl. performanc
Slide 23: Income statement progression
Income statement progression Asset Management operating profit £467.9 million £m 2023 2024 Net operating revenue 1,911.2 1,879.0 Share of profit of associates and joint ventures 48.7 37.1 Other net operating income 22.3 13.0 23 Net operating income 1,982.2 1,929.1 Operating expenses (1,471.7) (1,461
Slide 24: Income statement progression
Income statement progression Wealth Management operating profit £172.6 million £m 2023 2024 Management fees 327.5 377.1 Transaction, performance and other fees 32.4 39.3 Net banking interest income 63.3 62.3 Net operating revenue 423.2 478.7 Share of profit of associates and joint ventures 2.4 10.5
Slide 25: Asset Management fee and margin breakdown
Asset Management fee and margin breakdown By business area Schroders Capital Solutions £m 2023 2024 £m 2023 2024 Average AUM (£bn) 64.2 68.4 Average AUM (£bn) 212.1 220.8 1 Net operating revenue margin (bps) 57 57 Net operating revenue margin (bps)1 12 11 Management and other fees 363.2 383.7 Manage
Slide 26: Interests in joint ventures and associates
Interests in joint ventures and associates Group's share of profit £47.6 million 2024 Asset Management Wealth Management Total Net operating income (£m) 399.7 158.1 557.8 Profit after tax (£m)1 143.4 21.3 164.7 Group’s share of profit (£m)¹ 37.1 10.5 47.6 Contribution to Group’s PAT 11% Revenue marg
Slide 27: Cost and return metrics
Cost and return metrics Total costs 2023 2024 Operating expenses (£m) 1,758.0 1,786.3 Central costs (£m) 52.9 53.0 1,810.9 1,839.3 Operating expenses ratio 27 Operating expenses ratio 73% 74% = operating expenses divided by net operating income Headcount 6,438 6,363 Operating compensation ratio Oper
Slide 28: Group capital composition
Group capital composition Capital base £m 2023 2024 Equity capital base 4,464 4,495 Regulatory deductions1 (2,158) (2,116) Dividend2 (233) (233) Regulatory capital requirement (1,443) (1,477) 28 Equity capital surplus 630 669 Tier 2 bond – 250 Capital surplus over regulatory requirement 630 919 Boar
Slide 29: Balance sheet summary
Balance sheet summary Indicative Asset Management and Group Treasury balance sheet Wealth Indicative Asset Consolidated Unit-linked life 31 December 2024 Consolidated Management Management and Group balance assurance £m funds financial assets Group Treasury sheet1 business2 and liabilities3 balance
Slide 30: Cash generation and utilisation
Cash generation and utilisation Simplified view of the Group's cash flow £m 2023 2024 Profit after tax 402.6 433.0 Amortisation and depreciation of software and fixed assets (non-cash movement) 153.7 135.4 Amortisation of acquired intangible assets (non-cash movement) 58.5 55.7 Adjustment to reflect
Slide 31: Guidance and targets
Guidance and targets Net operating revenue margins1 Income statement items bps Exit rates FY24 FY24 Guidance FY25 Schroders Capital 57 Adjusted operating cost: income Improvement of 75% ratio c. 1 percentage point Solutions 11 Acquisition related costs £74m £80m Mutual Funds 64 Operating effective t
Slide 32: Reconciliation - current to revised income statement presentation
Reconciliation - current to revised income statement presentation to be introduced in H1-25 FY 2024 Management Changes1 adjustments2 Principally Acquisition Revised Acquisition Current Finance Central gains on Adjusted From H1 2025, we will simplify £m related statutory related and view charges3 cos
Slide 33: Reconciliation - current to revised income statement presentation
Reconciliation - current to revised income statement presentation to be introduced in H1-25 FY 2023 Management Changes1 adjustments2 Principally Acquisition Revised Acquisition Current Finance Central gains on related items and Adjusted £m statutory related and view charges3 costs seed restructuring
Slide 34: Forward looking statement
Forward looking statement 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 Schroders Group. Such statements and forecasts involve risk and uncertainty because they