Slide 1: Half Year Results 2022 Data Pack
HALF YEAR RESULTS 2022 28 July 2022 Data Pack Marketing material for professional clients only. Schroders Half Year Results 2022
Slide 2: Contents
Assets under management (AUM) 3-5 Regional diversification of AUM 6 AUM by business area, region and product 7 Gross and net flows 8-9 Currency profile of AUM 10 Asset Management AUM – detailed business area analysis 11-13 Asset Management net flows by business area 14 Asset Management gross and net
Slide 3: £773.4 billion at 30 June 2022
£773.4 billion at 30 June 2022 1 January 2022 534.0 81.2 615.2 116.4 731.6 Restatement - 20.4 20.4 14.7 35.1 Restated 1 January 2022 534.0 101.6 635.6 131.1 766.7 Net flows 0.6 3.8 4.4 4.0 8.4 Acquisitions1 51.9 0.1 52.0 - 52.0 Investment returns2 (45.0) (9.5) (54.5) 0.8 (53.7) 30 June 2022 541.5 96
Slide 4: £664.0 billion at 30 June 2022
£664.0 billion at 30 June 2022 1 January 2022 53.7 198.1 116.0 166.2 534.0 116.4 650.4 Net flows 4.8 6.3 (2.9) (7.6) 0.6 3.8 4.4 Acquisitions1 8.8 43.1 - - 51.9 - 51.9 Investment returns 2.1 (21.8) (10.5) (14.8) (45.0) 2.3 (42.7) 30 June 2022 69.4 225.7 102.6 143.8 541.5 122.5 664.0 1The acquisition
Slide 5: £109.4 billion at 30 June 2022
£109.4 billion at 30 June 2022 1 January 2022 81.2 - 81.2 Restatement 20.4 14.7 35.1 Restated 1 January 2022 61.4 18.7 21.5 101.6 14.7 116.3 Net flows 3.0 0.5 0.3 3.8 0.2 4.0 Acquisitions1 0.1 - - 0.1 - 0.1 Investment returns (5.4) (2.0) (2.1) (9.5) (1.5) (11.0) 30 June 2022 59.1 17.2 19.7 96.0 13.4
Slide 6: £773.4 billion at 30 June 2022
£773.4 billion at 30 June 2022 UK2 £359.2bn North America2 Continental Europe £80.5bn £95.1bn Middle East & Africa £10.8bn Asia Pacific2 £217.1bn South America £10.7bn 6 1By client domicile. 2JVs and associates AUM comprises of £121.3 billion in Asia Pacific, £13.4 billion in the UK and £1.2 billion
Slide 7: Assets under management £773.4 billion
Assets under management £773.4 billion By business area By region1 By product3 9% 12% 9% 12% 29% 29% 15% 14% 46% 13% 19% 19% 28% 18% 28% Solutions Equities UK Institutional Multi-asset Asia Pacific JVs and Associates Fixed Income Europe, Middle East & Africa Mutual Funds Wealth Management² Wealth Ma
Slide 8: Gross inflows half-yearly
Half-yearly £bn 72.4 64.0 59.2 H1 2021 H2 2021 H1 2022 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management¹ 1Wealth Management inflows have been restated to reflect the basis on which contractual revenues are earned by the Group. Inflows are now recognised where separat
Slide 9: Net flows half-yearly
Half-yearly £bn 4.4 11.6 5.6 H1 2021 H2 2021 H1 2022 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management¹ 1Wealth Management net flows have been restated to reflect the basis on which contractual revenues are earned by the Group. Net flows are now recognised where separ
Slide 10: Assets under management £637.5 billion
Assets under management £637.5 billion 13% GBP USD¹ 1% 2% EUR 2% 2% 42% JPY 2% AUD 3% CNY CHF 11% TWD KRW 22% Other² 10 1USD includes other currencies pegged to USD, including HKD. 2Includes the following currencies which individually constitute 1% of AUM: SGD, INR, IDR, CAD, SEK, BRL, ZAR. Schroder
Slide 11: Assets under management £541.5 billion
Assets under management £541.5 billion Private Assets & Alternatives Solutions Mutual Funds Institutional £69.4bn £225.7bn £102.6bn £143.8bn Real estate 37% Multi-asset 83% Equities 61% Equities 73% Securitised credit 17% Private Equity 15% Equities 9% Fixed income 26% Fixed income 27% Greencoat 12%
Slide 12: Assets under management £541.5 billion
Assets under management £541.5 billion Private Assets & Alternatives Solutions Mutual Funds Institutional £69.4bn £225.7bn £102.6bn £143.8bn UK 81% Europe, Middle East & Africa 34% Americas 36% Europe, Middle East & Africa 43% Asia Pacific 9% Asia Pacific 29% Asia Pacific 27% UK 40% Europe, Middle E
Slide 13: Assets under management £541.5 billion
Assets under management £541.5 billion Equities Multi-asset Fixed Income Private Assets & Alternatives £187.7bn £200.8bn £83.6bn £69.4bn Asia Pacific 25% Risk mitigation 50% US 27% Real estate 37% Global 23% Risk controlled growth 39% Europe 18% Securitised credit 17% Emerging markets 16% UK 18% Pri
Slide 14: £0.6 billion at 30 June 2022
£0.6 billion at 30 June 2022 £bn 6.3 4.8 (2.9) (7.6) Private Asset & Alternatives Solutions Mutual Funds Institutional Equities Fixed Income Private Assets & Alternatives Multi-asset 14 Schroders Half Year Results 2022
Slide 15: Assets under management £69.4 billion
Assets under management £69.4 billion £bn 10.0 7.5 5.9 5.6 4.4 4.8 3.2 3.6 4.1 2.5 0.9 (0.4) (2.7) (3.2) (3.1) (3.1) (4.0) (5.2) H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 Gross inflows Gross outflows Net flows 15 Schroders Half Year Results 2022
Slide 16: Assets under management £225.7 billion
Assets under management £225.7 billion £bn 55.8 42.7 40.0 32.4 25.2 13.0 9.4 10.3 6.3 0.7 (0.4) (1.1) (7.6) (9.8) (12.3) (11.4) (13.1) (18.9) H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 Gross inflows Gross outflows Net flows 16 Schroders Half Year Results 2022
Slide 17: Assets under management £102.6 billion
Assets under management £102.6 billion £bn 27.8 20.1 18.8 20.2 20.5 19.3 6.4 0.3 1.7 1.7 (2.9) (4.8) (18.5) (18.8) (19.8) (21.4) (22.2) (23.6) H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 Gross inflows Gross outflows Net flows 17 Schroders Half Year Results 2022
Slide 18: Assets under management £143.8 billion
Assets under management £143.8 billion £bn 14.6 11.4 13.0 10.7 10.0 7.6 0.7 1.0 (0.7) (3.5) (5.1) (7.6) (12.7) (12.1) (12.3) (13.6) (14.2) (17.6) H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 Gross inflows Gross outflows Net flows 18 Schroders Half Year Results 2022
Slide 19: Assets under management £96.0 billion
Assets under management £96.0 billion AUM by client size Gross and net flows £bn 10% 6% 10.2 7.9 7% 41% 6.6 4.1 3.8 7% 2.1 11% 8% 10% (4.5) (4.1) (6.1) <£1m £1m-£5m £5m-£10m £10m-£25m £25m-£50m £50m-£100m H1 2021 H2 2021 H1 2022 £100m-£250m >£250m Gross inflows Gross outflows Net flows 1Wealth Manag
Slide 20: Asset Management operating profit £329.0 million
Asset Management operating profit £329.0 million £m FY 2021 H1 2021 H1 2022 Net operating revenue (excl. performance fees and net carried interest) − £m 1,917.0 930.9 962.3 Performance fees − £m 94.2 31.0 15.8 Net carried interest − £m 31.9 12.3 5.3 Net operating revenue (incl. performance fees and
Slide 21: Asset Management operating profit £329.0 million
Asset Management operating profit £329.0 million £m H1 2021 H2 2021 H1 2022 Net operating revenue 974.2 1,068.9 983.4 Share of profit of associates and joint ventures 37.9 36.0 37.9 Other net operating income 11.6 8.9 16.5 Net operating income 1,023.7 1,113.8 1,037.8 Operating expenses (689.6) (735.
Slide 22: Wealth Management operating profit £77.9 million
Wealth Management operating profit £77.9 million £m H1 2021 H2 2021 H1 2022 Net operating revenue 175.5 184.5 194.6 Share of profit of associates and joint ventures 5.5 8.8 3.7 Other net operating income 4.8 3.4 4.2 Net operating income 185.8 196.7 202.5 Operating expenses (120.3) (133.9) (124.6) Op
Slide 23: Total costs
Total costs FY 2021 H1 2021 H1 2022 Operating expenses (£m) 1,679.0 809.9 833.4 Central costs (£m) 53.6 27.1 23.2 1,732.6 837.0 856.6 Operating expenses ratio Operating expenses ratio 67% 67% 67% = Operating expenses divided by net operating income Headcount 5,750 5,638 6,272 Total compensation rati
Slide 24: Reconciliation of operating profit to profit before tax H1 2022
£m Asset Management Wealth Management Adjustments Restated WM* Group Total Net operating revenue 983.4 226.1 (31.5) 194.6 - 1,178.0 Net gain/(loss) on financial instruments and other income 9.2 4.7 4.7 (26.7) (12.8) Share of profit of associates and joint ventures 37.9 0.5 3.2 3.7 41.6 Net income 1,
Slide 25: Reconciliation of operating profit to profit before tax H1 2021
£m Asset Management Wealth Management Adjustments Restated WM* Group Total Net operating revenue 974.2 204.3 (28.8) 175.5 - 1,149.7 Net gain/(loss) on financial instruments and other income 12.0 10.1 (5.5) 4.6 34.8 51.4 Share of profit of associates and joint ventures 37.9 0.5 5.0 5.5 - 43.4 Net inc
Slide 26: Reconciliation of operating profit to profit before tax FY 2021
£m Asset Management Wealth Management Adjustments Restated WM1 Group Total Net operating revenue 2,043.1 420.8 (60.8) 360.0 - 2,403.1 Net gain/(loss) on financial instruments and other income 21.0 11.7 (3.8) 7.9 48.6 77.5 Share of profit of associates and joint ventures 73.9 1.2 13.1 14.3 - 88.2 Net
Slide 27: Thank you
THANK YOU Schroders Half Year Results 2022