AGF Management Limited Class B · TSX:AGF.B
AGF Management Limited Class B — Scotia Capital Financials Summit 2007
21 slides from AGF Management Limited Class B's conference presentation, Sep 11, 2007
Slide 1: AGF Management Limited – Scotia Capital Financials Summit
AGF MANAGEMENT LIMITED SCOTIA CAPITAL FINANCIALS SUMMIT SEPTEMBER 11, 2007
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD- LOOKING STATEMENTS This presentation includes forward-looking statements about AGF Management Limited, including its business operations, strategy and expected financial performance and condition. Forward-looking statements include statements that are predictive in nature,
Slide 3: Corporate Profile: Highlights
CORPORATE PROFILE: HIGHLIGHTS In business for 50 years Industry leading investment performance Top non-bank retail net sales Growing Institutional business Trust business poised to continue growth Committed to growing profits and dividends 3
Slide 4: Corporate Profile: Business Segments
CORPORATE PROFILE: BUSINESS SEGMENTS Investment AGF Trust Management Industry leading investment Top supplier to performance delivered to advisors of investment retail, institutional and loans, mortgages private clients and GICs 4
Slide 5: Corporate Profile: Assets by Business Segment
CORPORATE PROFILE: ASSETS BY BUSINESS SEGMENT Investment Management Trust Company Retail Institutional Real Estate Investment $20B Loans Secured $30B $1.6B Loans $1.4B Private Client $4B Total assets under management*: Total loan assets*: $54 billion $3 billion * Total AUM as at August 31, 2007. Tot
Slide 6: Recent Performance: Institutional – Growth in Assets
RECENT PERFORMANCE: INSTITUTIONAL – GROWTH IN ASSETS 20 15 $ Billions 10 21.1 5 10.9 0 Q2 2006 Q2 2007 * Note: The acquisition of 80% of Highstreet on December 1, 2006 added $4.5 billion in AUM. 6
Slide 7: Randy Ambrosie, President, AGF Funds Inc.
AGF MANAGEMENT LIMITED RANDY AMBROSIE PRESIDENT, AGF FUNDS INC. 7
Slide 8: Retail Business: Profile
RETAIL BUSINESS: PROFILE Total Retail Assets as at August 31 • $30 Billion in AUM* 2007 30 • Over 50 mutual funds across all regions, investment styles and asset classes • Exceptional investment 2006 24 performance record • International presence 0 10 20 30 40 Billions • Broad distribution platform
Slide 9: Retail Business: Business Model
RETAIL BUSINESS: BUSINESS MODEL Product Relationship Management Management Predictable Excellence Investment Management 9
Slide 10: Retail Business: Investment Management
RETAIL BUSINESS: Product Management Relationship Management INVESTMENT MANAGEMENT Predictable Excellence Investment Management For the Top 10 mutual fund firms in Canada*, AGF has the highest percentage of AUM above median over one year. % of AUM Above Median at July 31, 2007 One Year Two Year Ten Y
Slide 11: Relationship Management: 2006 Advisors' Choice
RETAIL BUSINESS: Product Management Relationship Management RELATIONSHIP MANAGEMENT Predictable Excellence Investment Management 2006 ADVISORS’ CHOICE Favourite Investment Fund Company of the Year Award International Equity Fund Award AGF International Stock Class Emerging Markets Equity Fund Aw
Slide 12: Retail Business: Products
RETAIL BUSINESS: Product Management Relationship Management PRODUCTS Predictable Excellence Investment Management Industry net new sales % of long-term category total, to July 2007 40% 30% 38% 33% 20% 20% 10% 0% Cdn Balanced Global & Int'l Equity Global Balanced Number of AGF funds 2002 3 16 0 2007
Slide 13: Retail Business: Sales Breadth
RETAIL BUSINESS: SALES BREADTH Mutual Fund Gross Sales continue to represent over 70% of Total FYTD Gross Sales 22% 28% 28% August 2005 August 2006 August 2007 72% 72% 78% Harmony/Elements Mutual Funds Source: AGF Reporting 13
Slide 14: Retail Business: Broader and Deeper
RETAIL BUSINESS: BROADER AND DEEPER Number of AGF funds with positive net new sales 50 62% 45 56% 40 35 41 30 37% 36 25 20 15 23 10 5 0 2005 2006 2007 Fiscal YTD August Note: Figures relate to AGF Mutual Funds, Elements Portfolios and Harmony Pools Source: AGF Reporting 14
Slide 15: Retail Business: Top Selling Non-Bank Firm
RETAIL BUSINESS: TOP SELLING NON-BANK FIRM AGF was the top selling non-bank firm in Canada for the fiscal year to date, with long-term fund net sales* of $2,282M. 2007 Net Sales of Long Term Funds (in $ millions) Rank Firm 9 Months Ended August ** August 31 #1 AGF $2,282 $37 #2 IGM $2,030 $34 #3 Dyn
Slide 16: Blake C. Goldring, Chairman and Chief Executive Officer
AGF MANAGEMENT LIMITED BLAKE C. GOLDRING, CFA CHAIRMAN AND CHIEF EXECUTIVE OFFICER, AGF MANAGEMENT LIMITED 16
Slide 17: AGF Management Limited: Profitability – Continuing Operations
AGF MANAGEMENT LIMITED: PROFITABILITY – CONTINUING OPERATIONS 400 350 382 300 EBITDA increased $ Millions 302 250 200 178 35% YOY. 132 150 100 50 87 0 45 2006 2007 Six Months Ended May 31 Revenue EBITDA Net Income 2006 revenue and EBITDA include $9.9 million related to gain from RSP loan securitizat
Slide 18: 10 Year Financial Summary: Dividends
10 YEAR FINANCIAL SUMMARY: DIVIDENDS 0.80 0.80 R 24 % 0.70 C A G 0.60 0.50 $ 0.40 0.30 0.20 0.10 0.09 0.00 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007* * Annualized based on Q2 (May 31, 2007) results 18
Slide 19: Recent Performance: Extraordinary Value to Shareholders
RECENT PERFORMANCE: EXTRAORDINARY VALUE TO SHAREHOLDERS TOTAL RETURN OVER 1 YEAR AGF.B 64% TSX Composite 16% TOTAL RETURN ANNUALIZED OVER 10 YEARS AGF.B 18% TSX Composite 9% TOTAL RETURN ANNUALIZED SINCE INCEPTION (AUG. 1968) AGF.B 16% TSX Composite 11% As at August 31, 2007 19
Slide 20: AGF Management Limited: Highlights
AGF MANAGEMENT LIMITED: HIGHLIGHTS In business for 50 years Industry leading investment performance Top non-bank retail net sales Growing Institutional business Trust business poised to continue growth Committed to growing profits and dividends 20
Slide 21: Questions?
1Q57 2007 QUESTIONS? Loe PUNY Pe LPned.® MODERN THINKING CLASSIC PERFORMANCE™ AGF CELEBRATES YEARS
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