GQG Partners US Quality Value Fund Investor Shares · NASDAQ:GQHPX
GQG Partners US Quality Value Fund Investor Shares — GQG Partners — FY2023 Earnings Presentation
29 slides from GQG Partners US Quality Value Fund Investor Shares's earnings presentation, February 2024
Slide 1: Year-End Results
Year-End Results GQG Partners For the year ended 31 December 2023 RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Global Distribution AS AT 31 DECEMBER 2023
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS For the Year Ended 31 December 2023 Funds Under Management Call Agenda — Net flows of US$10.0 billion1 for the full year ended 2023 — Business Overview — Funds Under Management as at 31 December 2023 of US$120.6 billion, an — Tim Carver, CEO increase of 37.0% from the end of 202
Slide 3: Business Overview: Highlights
BUSINESS OVERVIEW Highlights 2023 Full Year Highlights (As at or for the year ended 31 December 2023, unless otherwise specified) Performance — All strategies have outperformed their respective benchmarks on a 3-year and 5-year basis — Top decile 5-year alpha and Sharpe ratio for the four primary st
Slide 4: Strategy Level Performance
BUSINESS OVERVIEW Strategy Level Performance as at 31 December 2023 Global Equity International Equity 30 30 22.20 22.47 Total Return % Total Return % 19.81 20 20 15.62 14.20 12.73 11.72 12.16 10.31 9.71 8.17 10 6.99 7.08 10 5.75 4.25 1.55 0 0 1 year 3 year 5 years ITD 1-Oct-14 1 year 3 year 5 years
Slide 5: Alpha from Distribution and Investment Teams
BUSINESS OVERVIEW Alpha from Distribution and Investment Teams Estimated Impact of 2021 - 2023 Investment Returns and Net Flows on Ending FUM (US$ Billions) Impacts on GQG Partners FUM1 2021 2022 2023 2021 - 2023 Total Value Added Starting FUM $67.0 $91.2 $88.0 $49.6 Net Flows +$17.1 +$8.0 +$10.02 $
Slide 6: Year-End Financial Results
Year-End Financial Results MELODIE ZAKALUK Chief Financial Officer AS AT 31 DECEMBER 2023 6
Slide 7: Financial Results: Highlights
FINANCIAL RESULTS Highlights Full Year Actual Results of 2023 vs. 2022 FY23 FY22 FY23 FY22 Closing FUM† (US$ billions) 120.6 88.0 Distributable earnings (US$ millions) 297.9 253.8 Average FUM† (US$ billions) 101.9 88.8 Dividends paid (US$ millions)* 248.0 220.5 Net revenue (US$ millions) 517.6 436.8
Slide 8: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations Consolidated Statements of Operations Commentary Year over Year Comparison — Net revenue for period ending 31 December 2023 increased by 18.5% to $517.6 million For the years ended 31 December 2023 and 2022 primarily driven by an increase in av
Slide 9: Consolidated Statements of Financial Condition
FINANCIAL RESULTS Consolidated Statements of Financial Condition Consolidated Statements of Financial Condition Commentary as at 31 December 2023 and 2022 — GQG continues to have a strong balance sheet, with total assets at 31 December 2023 of $389.5 million, no debt, and sufficient working capital.
Slide 10: Consolidated Statements of Cash Flows
FINANCIAL RESULTS Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows Commentary Year over Year Comparison — The primary use of GQG’s cash continues to be working capital and For the years ended 31 December 2023 and 2022 distributions/dividends. Dividends are based upon Distr
Slide 11: Business Update
Business Update TIM CARVER STEVE FORD Chief Executive Officer Managing Director, Global Distribution AS AT 31 DECEMBER 2023 11
Slide 12: Portfolio & Performance Review
Portfolio & Performance Review AS AT 31 DECEMBER 2023 12
Slide 13: GQG Strategies Stand Apart Versus Peers on Key Metrics
PERFORMANCE OVERVIEW GQG Strategies Stand Apart Versus Peers on Key Metrics There are 7,588 eVestment strategies that are equity, long only, and actively managed. Compared to their stated benchmarks, only GQG strategies have historically met the following three criteria: eVestment Screening Criteria
Slide 14: Rolling Performance
PERFORMANCE OVERVIEW Rolling Performance as at 31 December 2023 Global Rolling 5-Year Return (net of fees) International Rolling 5-Year Return (net of fees) 20 20 5-Year Total Return % GQG Partners International Equity 5-Year Total Return % 15 GQG Partners Global Equity 15 - Average 5-Year excess re
Slide 15: Pivoting of the Portfolio
PERFORMANCE OVERVIEW Pivoting of the Portfolio GQG Global Equity Active Exposure versus the MSCI ACWI Index % Last 3 Calendar Year Ends Current and 5-Year Sector Range Current and 5-Year Factor Range 9.5 Energy 17.9 8.2 0.3 Materials 2.8 -0.8 -9.3 Industrials -6.4 -5.6 -8.6 Cons Disc -10.4 -5.2 7.9
Slide 16: All-Weather Alpha
PERFORMANCE OVERVIEW All-Weather Alpha GQG Partners Global Equity Rolling 5-Year Outperformance and Volatility GQG outperformed the benchmark and peer universe, with less volatility, 52 of 52 times (100%). 1.3 9 1.2 6 1.1 3 1.0 Alpha % Beta 0 0.9 -3 0.8 -6 0.7 0.6 -9 2020 2021 2022 2023 2020 2021 20
Slide 17: Risk-Adjusted Performance
PERFORMANCE OVERVIEW Risk-Adjusted Performance Global Equity Risk-Return % International Equity Risk-Return % Since GQG Inception 1-June-2016 Since GQG Inception 1-June-2016 15 15 GQG Partners 13 Global Equity 12 eVestment Global Large GQG Partners eVestment ACWI ex USA Returns Returns 11 MSCI ACWI
Slide 18: Distribution Update
Distribution Update AS AT 31 DECEMBER 2023 18
Slide 19: Distribution Overview: Funds Under Management
DISTRIBUTION OVERVIEW Funds Under Management† 46.5 FUM by Strategy (US$ Billions) FUM by Channel & Region (US$ Billions) 12.8 2.3 31.2 33.6 43.6 49.8 7.6 9.3 97.9 27.2 Institutional Wholesale Sub-Advisory Americas Australia EMEA Other APAC International Global Emerging Markets US Equity 2023 Net Flo
Slide 20: Rollforward of FUM and Net Flows
DISTRIBUTION OVERVIEW Funds Under Management† Rollforward of FUM (US$ Billions) BY YEAR 2019 2020 2021 2022 2023 Beginning FUM 17.6 30.7 67.0 91.2 88.0 Net Flows 7.6 25.3 17.1 8.0 10.01 Performance 5.5 11.0 7.1 -11.2 22.6 Ending FUM 30.7 67.0 91.2 88.0 120.6 NET FLOWS BY CHANNEL 2021 2022 2023 Antic
Slide 21: Distribution Overview: Flows
DISTRIBUTION OVERVIEW Flows National Accounts Top US Mutual Fund Families by Net Flows in 2023 (US$ Billions) — 26 platforms currently offer GQG mutual funds — 17 Emerging Markets Equity recommended lists and 11 model placements JP Morgan — 2 Global Equity recommended lists Bridge Builder — 2 US Equ
Slide 22: Australian Distribution Success
AUSTRALIAN DISTRIBUTION SUCCESS 3YR NET FLOW TOTAL FUM NET FLOW % GLOBAL EQUITY FUNDS (AUSTRALIA) Global Equity Fund (Australia) Net Flows (AU$ millions) (A$ millions) (A$ millions) OF TOTAL FUM 1 GQG Partners Global Equity Fund $1,652.31 $2,781.27 59% 800 696 2 AMP Sup Specialist International Shar
Slide 23: Morningstar Ratings
DISTRIBUTION OVERVIEW Morningstar Ratings GQG Partners Open End Fund Ratings as at 31 December 2023 MUTUAL FUNDS - MORNINGSTAR MORNINGSTAR RATING MORNINGSTAR RANK % MORNINGSTAR MEDAL GQG Partners Global Quality Equity Fund ★★★★★ 1 Gold GQG Partners Emerging Markets Equity Fund ★★★★★ 1 Gold GQG Partn
Slide 24: eVestment Views: Leading Indicator
DISTRIBUTION OVERVIEW eVestment Views: Leading Indicator EVESTMENT VIEWS GQG GLOBAL GQG INTL GQG EMERGING MKTS GQG US 1-Year View Count 2,311 1,340 1,674 1,128 1-Year View Peer Rank 1 of 717 1 of 157 1 of 607 3 of 1,230 2,500 2,311 2,000 1,674 1,500 1,340 1,128 1,000 500 98 97 114 76 - Global Intern
Slide 25: Investment Environment
Investment Environment RAJIV JAIN Chairman & Chief Investment Officer AS AT 31 DECEMBER 2023 25
Slide 26: Conclusion
CONCLUSION We are passionate about investing We will always endeavour to grow, learn, adapt, and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility through many market cycle
Slide 27: Question Time: Management Team
QUESTION TIME Management Team RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD Chairman & Chief Executive Officer Chief Financial Officer Managing Director, Chief Investment Officer Global Distribution AS AT 31 DECEMBER 2023 27
Slide 28: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or alloc
Slide 29: Important Information
IMPORTANT INFORMATION MSCI All Country World (Net) Index (MSCI ACWI) The MSCI All Country World (Net) Index (MSCI ACWI) captures large and mid-cap representation across 23 developed and 24 emerging markets countries. Developed countries Australia, Austria, Belgium, Canada, Denmark, Finland, France,