Australian Ethical Investment Ltd · ASX:AEF
Australian Ethical Investment — H1 FY2024 Earnings Presentation
17 slides from Australian Ethical Investment's earnings presentation, Feb 23, 2024
Slide 1: FY24 H1 - Analyst Pack
Australian Ethical Investment Ltd FY24 HI - Analyst Pack 23 February 2024
Slide 2: Overview & history
Overview & history For over 35 years, we have sought to create a more sustainable and equitable world through the power of investment Our purpose Our vision 130+ employees* Investing for a better world Money as a force for good and growing 35+ years Managing $9.5bn+ 10% of annual profits' offering i
Slide 3: Ethics Team Investment
Continue Investment Divestment v Stopping livestock-driven deforestation In Australia Advancing | Turning off finance 'alternatives to for unsustainable animal research expansion of fossil fuels Reducing Companies building sector emissions we invest in BETTER FUTURE FOR PEOPLE. AVOIDING GREENWISH PL
Slide 4: Our business model
Our business model We offer a broad range of products for five different audience segments. Additional information • 91% of net flows acquired via direct channel* in FY24 H1 Product packaging • Investing in growing advised channel Channels Manufacturing and values aligned segment, whilst also Super
Slide 5: Channel, product and asset class overview
Channel, product and asset class overview Direct remains predominant channel with Majority of FUM in super product - Asset class expansion with alternatives advised channel now material underpinning stable net flows in volatile allocation now at 7% of portfolio market conditions 17% FUM FUM FUM by c
Slide 6: FUM summary - Asset Class & Strategy
FUM summary - Asset Class & Strategy * Including NZ equities ~ Externally managed 6
Slide 7: FUM summary - Superannuation
FUM summary - Superannuation In addition to the management fee, there is also an administration fee of 0.26% and a fixed fee of $68 per member per annum, less ORFR and rebates Notes: o Management fees exclude ICRs o Market movement/Other Includes changes in asset value due to market movements, incom
Slide 8: FUM summary - Managed Funds
FUM summary - Managed Funds Note: • Market movement/Other Includes changes in asset value due to market movements, income, reinvestments and distributions • References to 'Wholesale' funds indicate the class of pricing above a minimum investment threshold, which varies by fund • Conservative and Mod
Slide 9: Fees
Fees • Super margins have reduced over time as we continue to pass on benefits of scale to investors and members through fee reductions. Superannuation average revenue margin Managed Funds average revenue margin- • Average revenue margin across all Includes retail, wholesaleA and institutional produ
Slide 10: Investment team
Team member Position Tenure Experience Ludovic Theau Chief Investment Officer Appointed in Over 30 years of experience in ESG investing, funds management, April 2023 commercial and investment banking and financial advisory. Previously Chief Investment Officer for the Clean Energy Finance Corporation
Slide 11: Investment team (contd.)
Team member Position Tenure Experience Michelle Wigglesworth, CFA Senior Equities Analyst 1 year at AE 17+ years of Investment Experience Zeljka Black, CFA Equities Analyst Joined AE in October 20+ years investment and industry experience 2023 Investment Julian Richman, CFA Daniel Koleth, CFA Senior
Slide 12: Ethics team
Team member Position Tenure Experience Alison George Head of Impact and Joined AE in May 20+ experience in ethical investment. Alison has more than 20 years' experience in Ethics 2023 responsible investment and stewardship, working with numerous industry leaders in her prior roles with Pendal and Re
Slide 13: Growth metrics
Growth metrics Additional metrics Average age of current super members is 39 Average super account balance is $64k* Average rollover in of $49k# * Average of funded accounts # excluding rollovers from ATO A includes -28,000 members from Christian Super SFT in 1H23 ** Relates to organic growth; exclu
Slide 14: Financial metrics
Financial metrics Note the above is attributable to shareholders and excludes The Foundation " Ordinary shares on issue excludes employee share plan A Net of rebates # Payout ratio calculated on Diluted EPS based on NPAT (dilution includes employee shares). AA 1H23 high effective tax rate reflects i
Slide 15: Contacts
Contacts John McMurdo Mark Simons Chief Executive Officer Chief Financial Officer jmcmurdo@australianethical.com.au msimons@australianethical.com.au 0449 903 207 0434 369 746 Melanie Hill Elise Davidson Head of Business Performance & Investor Relations BlueChip Communication mhill@australianethical.
Slide 16: Disclaimer
Disclaimer Australian Ethical Investment Ltd (ABN 47 003 188 930; AFSL No. 229949) (AEI) is the risks and uncertainties and other important factors that could cause the actual results, Responsible Entity and Investment Manager of the Australian Ethical Managed Funds. performance or achievements to b
Slide 17: Thank you
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