Associate Global Partners Limited · ASX:APL
Associate Global Partners — Investor Presentation (February 2024)
25 slides from Associate Global Partners's investor presentation, Feb 22, 2024
Slide 1: Associate Global Partners Limited Investor Presentation February 2024
Associate Global Partners Limited (ASX: APL) Investor Presentation February 2024
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: About Associate Global Partners Limited
About Associate Global Partners Limited Associate Global Partners (AGP) is a multi-boutique asset management firm. Our purpose is to provide Australian investors with access to unique, world-class investment strategies that help them to achieve their financial objectives. At AGP, we partner with lea
Slide 4: Overview
Overview 1H FY24 Operational Highlights and Initiatives • Continued FUM growth with established investment manager partnerships - WCM Investment Management (WCM) and Woodbridge Capital (Woodbridge) • Improved market conditions in 1H FY24, especially for global equities, had a positive influence on t
Slide 5: Experienced, High Calibre Management
Experienced, High Calibre Management Board with a deep bench of experience Nerida Campbell Jason Billings Ken Poutakidis Martin Switzer Non-Executive Chair Independent Non-Executive Independent Non-Executive Chief Executive Officer and Director Director Managing Director Experienced and specialised
Slide 6: Group Product Suite
Group Product Suite An exceptional range of investment capabilities across asset classes Distributed Product Suite Distributed Product Suite The Large and Small Woodbridge Capital Established in 2017, Vinva Investment The Switzer Dividend THB Asset Management portfolios are managed by (Woodbridge) i
Slide 7: Growing Distribution Capability
Growing Distribution Capability The Group continues to build its marketing and distribution platform Direct Advised High Net Worth Consultants and Institutions Direct and retail broker Experienced distribution High Net Worth individuals, Platforms Engagement with channels including the and marketing
Slide 8: Growth in FUM since 2017
Growth in FUM since 2017 As at 20 February 2024, Associate Global Partners Funds Under Management (FUM) totalled $1.242 billion1. • Market conditions were volatile in Q1 FY24, impacting performance of some investment strategies and subsequently total FUM. • The momentum in FUM growth in the Woodbrid
Slide 9: Quality Retail Investor Base
Quality Retail Investor Base As at 31 December 2023, Associate Global Partners had 12,953 unitholders and shareholders* across its product suite December 2017 December 2023 8,516 investors 12,953 investors 08 *Source: Link Market Services. Note: Contango Microcap Limited management rights reassigned
Slide 10: 1. Continued Growth of Established Investment Manager Partnerships
1. Continued Growth of Established Investment Manager Partnerships
Slide 11: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Associate Global Partners in June 2017, WCM now has $828m in retail FUM in Australia*. Product FUM Highlights • For H1 FY2024, the pre-tax net tangible asset (NTA) value per share of WQG has increased from $1.47 as at 30 June 2
Slide 12: 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 1, 5 and 10-years basis and since inception. 25.61% 22.05% 14.81% 13.80% 12.97% 12.91% 11.46% 10.69% 9.17% 4.47% 1 Year 3 Years 5 Ye
Slide 13: 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 1 and 5-years basis and since inception. 21.53% 15.52% 15.20% 14.14% 9.04% 8.52% 6.22% 1 Year 3 Years 5 Years Inception -1.
Slide 14: Woodbridge Capital
Woodbridge Capital Woodbridge Private Credit Fund • The Woodbridge Private Credit Fund (WPCF) was launched with the purpose of providing wholesale investors with direct and indirect exposure to first mortgage (senior secured) asset backed commercial real estate and agriculture loans in Australia and
Slide 15: Income Suite
Income Suite Switzer Dividend Growth Fund (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 (Blackmore) and
Slide 16: 2. Strategic Initiatives
2. Strategic Initiatives ASSOCIATE GLOBAL PARTNERS AGP
Slide 17: THB Asset Management
THB Asset Management THB US Micro-Cap Fund • THB Asset Management (THB), an investment franchise of Victory Capital Management Inc., is a dedicated micro and small cap specialist investment franchise based in Connecticut, USA. • Founded in 1982, THB has 39 years’ experience investing in US micro-cap
Slide 18: Vertium Asset Management
Vertium Asset Management Vertium Equity Income Fund • On 28 June 2023, AGP entered into a new distribution agreement with Vertium Asset Management (Vertium). Under this new partnership, AGP will distribute Vertium product to the private wealth market, continuing to build on the strong growth of the
Slide 19: Vinva Investment Management
Vinva Investment Management Global Systematic Equities Fund and Australian Equities Extension Fund • On 2 August 2023, AGP entered into a new distribution agreement with Specialised Private Capital Ltd (SPC), who will act as the responsible entity of the Global Systematic Equities Fund and the Austr
Slide 20: 3. Financial Position and Performance
3. Financial Position and Performance
Slide 21: Improved 1H FY24 Financial Performance
Improved 1H FY24 Financial Performance Leveraged for scale and growth • Revenue from investment management, other and performance fees in 1H FY24 was $2.986 million, which was significantly up from 1H FY23 - an increase of 20.7% from PCP. • H1 FY24 revenues were supported by improved market conditio
Slide 22: Strong financial position post capital raise
Strong financial position post capital raise $1.456 million raised in November 2023 31 December 30 June 2023 2023 ($’000) $’000 • The Group’s cash balance as at 31 December 2023 was $4.376 million. ASSETS • Associate Global Partners has: Current assets o cash and current receivables of $6.417 millio
Slide 23: 4. FY24 Strategic Priorities and Key Takeaways
4. FY24 Strategic Priorities and Key Takeaways
Slide 24: Well Positioned for Future Growth
Well Positioned for Future Growth FY24 strategic priorities Diversified product Growing distribution Launch new products and Financial suite footprint/ distribution consider new growth performance capability opportunities • Continue growth of established, • Continue to launch new products • The Grou
Slide 25: Contact Details
Contact Details MARTY SWITZER CEO and Managing Director Associate Global Partners Limited Level 12 2 Chifley Square Sydney, NSW, 2000 0407 297 702 (Marty Switzer) 1300 052 054
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