Fiera Capital Corporation Class A · TSX:FSZ
Fiera Capital Corporation Class A — Q1 2017 Earnings Presentation
20 slides from Fiera Capital Corporation Class A's earnings presentation, May 10, 2017
Slide 1: 2017 Q1 Results
MAY 10, 2017 2017 Q1 Results JEAN-GUY DESJARDINS, Chairman of the Board and Chief Executive Officer JOHN VALENTINI, Global Chief Financial Officer and Head of Private Alternative Investments
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: Business Overview
Business Overview AUM of $122.1 billion as at March 31, 2017 Successful introduction of emerging and frontier markets strategies Investments in infrastructure projects Added $2.4 billion in new mandates during in the quarter Launch of new international equity fund in Canada 3
Slide 4: Quarterly Financial Highlights (QoQ)
Quarterly Financial Highlights (QoQ) AUM of $122.1 billion, up 4% Base management fees of $96.3 million, up 13% Adjusted EBITDA1 of $25.2 million, compared to $41.6 million Adjusted EPS2 of $0.25 compared to $0.40 1: Adjusted EBITDA excludes non-cash compensation, acquisition and restructuring-relat
Slide 5: Financial Highlights: Quarter-over-Quarter
Financial Highlights: Quarter-over-Quarter Q1-2017 Q4-2016 Variation $ $ Total AUM 122.1B 116.9B 4% Total Revenues 100.6M 121.0M -17% Base Management Fees 96.3M 85.1M 13% Total Performance Fees 0.5M 31.6M -98% Other Revenues 3.7M 4.3M -14% Adjusted EBITDA1 25.2M 41.6M -39% Net Earnings 4.4M 5.2M -15
Slide 6: Financial Highlights: Year-over-Year
Financial Highlights: Year-over-Year Q1-2017 Q1-2016 Variation $ $ Total AUM 122.1B 98.0B 25% Total Revenues 100.6M 66.3M 52% Base Management Fees 96.3M 63.4M 52% Total Performance Fees 0.5M 0.4M 25% Other Revenues 3.7M 2.5M 48% Adjusted EBITDA1 25.2M 16.2M 56% Net Earnings 4.4M 7.3M -40% Attributab
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 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 AUM as of March 31, 2016 Revenues Q1 2017 12
Slide 13: Investment Performance (March 31, 2017)
Investment Performance (March 31, 2017) Traditional Strategies – Fixed Income and Balanced Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) FIXED INCOME Active Fixed Income Universe 1.71 0.20 3.56 0.03 1
Slide 14: Investment Performance (March 31, 2017)
Investment Performance (March 31, 2017) 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 Core 17.38 -1.24 9.16 1.32 1992 S&P/TSX Composite Canadian Equity O
Slide 15: Investment Performance (March 31, 2017)
Investment Performance (March 31, 2017) Alternative Strategies Annualized Rates of Return 5 YEARS OR INCEPTION BENCHMARK 1 YEAR SINCE INCEPTION1 YEAR NAME Return (%) Added Value (%) Return (%) Added Value (%) North American Market Neutral Fund -2.00 -2.00 4.96 4.96 2007 No Benchmark Long / Short Equ
Slide 16: Outlook
Outlook On track to reach $200 billion in AUM Leveraging strong pipeline of opportunities Gaining traction from consultant ratings Pursuing disciplined approach to acquisitions Focused on growing share in alternative segment Committed to profitable growth over the long term 16
Slide 17: Question Period
<> FIERACAPITAL Question Period renee Dul: 1248 7
Slide 18: Daniel Richard
Daniel Richard Senior 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