Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q1 2016 Earnings Presentation
20 slides from Fiera Capital Corporation Class A's earnings presentation, May 5, 2016
Slide 1: 2016 Q1 Results
MAY 5, 2016 2016 Q1 Results SYLVAIN BROSSEAU, Global President & COO JOHN VALENTINI, Executive VP & CFO
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements The accompanying Investor Presentation contains forward-looking information, including future-oriented financial information and financial outlooks within the meaning of Canadian securities laws and regulations. Forward-looking information may include com
Slide 3: Overview
Overview $1.3 billion in new mandates won during the quarter Organic revenue growth Strong momentum in U.S. market Expansion of U.S. platform with acquisition of Apex Capital Management New European distribution partnership Creation of a proprietary infrastructure platform and acquisition of PPP ass
Slide 4: Quarterly Highlights
Quarterly Highlights AUM of $98 billion, up 8% year-over-year Total revenues of $66.3 million, up 14% from Q1-2015 Adjusted EBITDA1 of $16.2 million, down 7% from Q1-2015 Adjusted EBITDA per share of $0.22, down 12% from Q1-2015 Adjusted net earnings2 of $21.9 million, up 51% over Q1-2015 Adjusted n
Slide 5: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q1-2016 Q4-2015 Variation $ $ Total AUM 98.0B 101.4B -3% Total Revenues 66.3M 74.0M -10% Base Management Fees 63.4M 61.3M 3% Total Performance Fees 0.4M 10.9M -97% Other Revenues 2.5M 1.8M 41% Adjusted EBITDA1 16.2M 25.7M -37% Net Earnings 7.3M 9.7M -25% At
Slide 6: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q1-2016 Q1-2015 Variation $ $ Total AUM 98.0B 90.9B 8% Total Revenues 66.3M 58.1M 14% Base Management Fees 63.4M 56.2M 13% Total Performance Fees 0.4M 0.1M 244% Other Revenues 2.5M 1.8M 41% Adjusted EBITDA1 16.2M 17.4M -7% Net Earnings 7.3M 3.7M 96% Attributable
Slide 7: Revenue Trend – Quarterly & Last Twelve Months
Revenue Trend – Quarterly & Last Twelve Months 7
Slide 8: Adjusted EBITDA ($) & Margin (%) Trend
Adjusted EBITDA ($) & Margin (%) Trend Year-over-Year 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring-related costs. 8
Slide 9: Average BPS Evolution vs AUM
Average BPS Evolution vs AUM 9
Slide 10: Rolling LTM Adjusted EBITDA ($) & Margin (%) Trend
Rolling LTM Adjusted EBITDA ($) & Margin (%) Trend 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring-related costs. 10
Slide 11: Rolling LTM Adjusted Net Earnings Per Share & Dividends
Rolling LTM Adjusted Net Earnings Per Share & Dividends 1: Adjusted net earnings per share excludes non-recurring and non-cash items. 11
Slide 12: Revenue & AUM Breakdown – by Geography
Revenue & AUM Breakdown – by Geography Revenues Q1-2016 AUM Q1-2016 Revenues Pro Forma1 Q1-2016 AUM Pro Forma1 Q1-2016 1: Including the acquisition of Apex Capital Management expected to close in the coming months. 12
Slide 13: Investment Performance (March 31, 2016)
Investment Performance (March 31, 2016) Traditional Strategies – Fixed Income Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION* YEAR NAME Return Added Value Return Added Value (%) (%) (%) (%) Active Fixed Income Universe 1.08 0.30 5.36 0.21 1997 FTSE TMX Universe Tact
Slide 14: Investment Performance (March 31, 2016)
Investment Performance (March 31, 2016) Traditional Strategies – Equity Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION* YEAR NAME Return Added Value Return Added Value (%) (%) (%) (%) Canadian Equity Value -5.57 1.00 2.86 0.76 2002 S&P/TSX Composite S&P/TSX Composit
Slide 15: Investment Performance (March 31, 2016)
Investment Performance (March 31, 2016) Alternative Strategies and Others Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION* YEAR NAME Return Added Value Return Added Value (%) (%) (%) (%) ALTERNATIVE North American Market Neutral 6.09 5.57 2.71 1.83 2007 FTSE TMX T-Bi
Slide 16: Outlook
Outlook Focus on growth Build on North American platform Seek acquisitions within risk appetite Expand global distribution channels Strengthen presence in alternative space 16
Slide 17: Question Period
<> FIERACAPITAL Question Period renee Dul: 1248 7
Slide 18: Daniel Richard
Daniel Richard Vice President, Corporate Communications and Investor Relations Fiera Capital drichard@fieracapital.com T 514 954-6456 18
Slide 19: Thank You
<> FIERACAPITAL Thank You renee Dul: 1248 19
Slide 20: fieracapital.com
fieracapital.com