Associate Global Partners Limited · ASX:APL
Associate Global Partners — Investor Presentation (February 2023)
21 slides from Associate Global Partners's investor presentation, Feb 23, 2023
Slide 1: Investor Presentation February 2023
Investor Presentation Marty Switzer Managing Director and CEO February 2023
Slide 2: Disclaimer
Disclaimer This material has been prepared by Associate Global Partners Limited (ABN 56 080 277 998) (AGP) (Group) and comprises written materials/slides for a presentation concerning the Group. This is not a prospectus, disclosure document or offering document. The Group its officers, employees, ag
Slide 3: Company Highlights
Company Highlights The Company introduces a new revenue stream with the completion of a successful private equity campaign for Vantage December 21 Asset Management Switzer Dividend Growth Fund (Quoted Managed Fund) (SWTZ) commences monthly distributions to better suit the income January 22 needs of
Slide 4: Growth in FUM since 2017
Growth in FUM since 2017 As at 16 February 2023, Associate Global Partners Funds Under Management (FUM) totalled $951 million1. $1,400m FUM continues to recover following the $1,200m H2 FY2022 market $1,000m correction. WCM Unlisted Products (includes $800m Large Cap and Small Cap Funds) $600m WCM L
Slide 5: Quarterly Flows since 2018
Quarterly Flows since 2018 Positive net inflows were recorded in every quarter since 2018, except Q4 FY2022. Despite the significant market drawdown in calendar year 2022, net inflows were positive (+$17.9m) for H1 FY2023. Positive net inflows continued to 31 December 2022 despite market volatility
Slide 6: Contemporary Distribution Capability
Contemporary Distribution Capability The Group continues to build its marketing and distribution platform Direct Advised High Net Worth Consultants and Direct and retail broker Experienced distribution High Net Worth individuals, Platforms channels including the and marketing team family office and
Slide 7: The Group’s Product Suite
The Group’s Product Suite Product Suite Global Equities Income Private Credit WCM Quality WCM Quality WCM International Switzer Dividend Switzer Higher Woodbridge Private WCM Global Global Growth Global Growth Small Cap Growth 7 Growth Fund Yield Fund Growth Limited Fund (Quoted Fund (Managed Fund (
Slide 8: Platform Availability
Platform Availability The following products have been approved for use on several leading wealth management platforms: WCM Quality Global WCM Quality Global WCM International Small WCM Global Growth Woodbridge Private Growth Fund (Quoted Growth Fund (Managed Cap Growth Fund Limited Credit Fund Mana
Slide 9: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Associate Global Partners in June 2017, WCM now has $841m in retail FUM in Australia*. Product FUM Highlights WCM Global Growth Limited • Enhanced dividend policy with progressive dividend payments from August 2021 $259m (ASX:W
Slide 10: Large-Cap Track Record
Large-Cap Track Record Annualised returns of the WCM Quality Global Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 5 and 10-years basis and since inception. 15.8% 13.3% 11.4% 12.1% 8.8% 8.3% 5.6% 5.8% 1 Year 3 Years 5 Years 10 Years Inception -12.
Slide 11: Small-Cap Track Record
Small-Cap Track Record Annualised returns of the WCM International Small Cap Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 3 and 5-years basis and since inception. 14.4% 9.5% 7.7% 3.3% 4.0% 2.7% 1 Year 3 Years 5 Years Inception -13.8% -37.6% WCM
Slide 12: WCM Global Long Short Limited (ASX:WLS) Restructure Completed
WCM Global Long Short Limited (ASX:WLS) Restructure Completed • On 12 December 2022, WLS shareholders voted at a Scheme of Arrangement (Scheme) Meeting to approve a restructure (Restructure) of WLS to address its share price discount to net asset value. • Over 98% of votes cast by WLS shareholders w
Slide 13: Income Suite
Income Suite Switzer Dividend Growth Fund Powered by (Quoted Managed Fund) (ASX:SWTZ) • SWTZ aims to generate an above-market yield while maximising franking where possible and deliver capital growth over the long term. • Since April 2021, SWTZ has been managed by Blackmore Capital Pty Limited (Blac
Slide 14: Income Suite (cont.)
Income Suite (cont.) Switzer Higher Yield Fund (Managed Fund) Powered by (CBOE:SHYF) • SHYF is a zero-duration bond fund that seeks to provide investors with an attractive cash yield with low capital volatility by investing in a portfolio of high quality and liquid fixed income securities. • Coolaba
Slide 15: New Investment Manager – Woodbridge Capital
New Investment Manager – Woodbridge Capital The Woodbridge Private Credit Fund • On 20 April 2022, the Group entered a distribution arrangement with Woodbridge Capital Pty Ltd (Woodbridge), a new Australian domiciled private credit investment manager. • The agreement involves distributing Woodbridge
Slide 16: Distribution Opportunity – Haben Property Fund
Distribution Opportunity – Haben Property Fund Haben Forest Hill Trust • Haben Property Fund (Haben) is as manager specialising in retail property investments, predominantly across the East Coast of Australia. To date, Haben has acquired and managed circa $1.7 billion in retail property investments.
Slide 17: Growth in Retail Investor Base
Growth in Retail Investor Base As at 16 February 2023, Associate Global Partners had 14,498 unitholders and shareholders* across its product suite SHAREHOLDERS / PRODUCT UNITHOLDERS WCM Global Growth 4,263 Limited (ASX:WQG), WCM Quality Global 7,083** Growth (ASX:WCMQ) Switzer Dividend Growth 2,207
Slide 18: Financial Position and Performance
Financial Position and Performance • The Group’s cash balance as at 31 December 2022 was $4.7 million • Associate Global Partners remains well capitalised with: o cash and current receivables of $6.713 million o current payables and borrowings of $3.404 million o other non-current debt of $0.502 mil
Slide 19: Company rebrand to Associate Global Partners
Company rebrand to Associate Global Partners At the Group’s Annual General Meeting held on 9 November 2022, 99.23% of votes cast by shareholders approved the special resolution to change the Company name from Contango Asset Management Limited to Associate Global Partners Limited. Subsequently, the A
Slide 20: Strategic Priorities
Strategic Priorities Distribution Capability Financial Performance We will continue to invest in We will aim to increase annualised distribution to grow our products revenues with strict cost control organically in the retail and and expect to reach positive cash wholesale markets. flow and profitab
Slide 21: Contact Details
Contact Details MARTY SWITZER CEO and Managing Director Associate Global Partners Level 6, 10 Spring Street Sydney NSW 2000 Australia 0407 297 702 (Marty Switzer) 1300 052 054
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