GQG Partners US Quality Value Fund Investor Shares · NASDAQ:GQHPX
GQG Partners US Quality Value Fund Investor Shares — GQG Partners — H1 2025 Earnings Presentation
29 slides from GQG Partners US Quality Value Fund Investor Shares's earnings presentation, August 2025
Slide 1: Half Year Results
Half Year Results GQG Partners For the half year ended 30 June 2025 RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD CHARLES FALCK Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Deputy Chief Financial Officer Global Distribution AS AT 30 JUNE 2O25 2025
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS For the Half Year Ended 30 June 2025 Funds Under Management* Call Agenda — Net flows of US$8.0 billion — Business Overview — Funds Under Management of US$172.4 billion, an increase of 10.8% from 2024 — Tim Carver, CEO half year results — Charles Falck, Deputy CFO — Estimated Fun
Slide 3: Performance Overview: Strategy Level Performance
PERFORMANCE OVERVIEW Strategy Level Performance as at 30 June 2025 Global Equity International Equity 20 16.17 17.35 20 17.72 13.79 12.77 13.65 12.42 15.00 13.99 Total Return % Total Return % 9.57 11.34 10 10.13 10.34 10 5.80 4.35 0 -1.05 0 -10 1 year 3 years 5 years ITD 1-Dec-14 1 year 3 years 5 ye
Slide 4: Business Overview: Operational Value Add
BUSINESS OVERVIEW Operational Value Add Estimated 1H25 Impact of Investment Returns and Net Flows on Ending FUM (US$ Billions) Since Inception Impacts on GQG Partners FUM1 2025 Since Inception Total Value Added 1-June-2016 Starting FUM $153.0 $0.0 $122.3 $113.6 Net Flows2 +$8.0 +$113.6 Capital Appre
Slide 5: Business Overview: 2025 Half Year Highlights
BUSINESS OVERVIEW Highlights 2025 Half Year Highlights (As at 30 June 2025, unless otherwise specified) Performance — All primary strategies have outperformed their respective benchmarks on a since inception basis — Top quintile Alpha and Sharpe ratio for the four primary strategies since strategy i
Slide 6: Growth Opportunities: Retail SMA Products
GROWTH OPPORTUNITIES Retail SMA Products We believe there are significant growth opportunities within the US-based asset class based on industry trends Retail SMA Universe GQG Partners Retail SMA $6 $8 $5.0 $5 $7 $4.4 $6 US$ Billions $4 $3.8 $5 US$ Trillions $3.0 $3 $2.5 $4 $2.4 $2.1 $2 $3 $2 $1 $1
Slide 7: Growth Opportunities: Exchange Traded Fund Products
GROWTH OPPORTUNITIES Exchange Traded Fund (ETF) Products We continue to expand our suite of products and fund formats to meet investor demand US Active ETF Universe $2.00 $1.75 $1.7 — Launched our first active ETF, the GQG US Equity $1.50 ETF (GQGU), with approximately $200 million* in $1.2 $1.25 as
Slide 8: Half Year Financial Results
Half Year Financial Results AS AT 30 JUNE 2O25 8
Slide 9: Financial Results: Highlights
FINANCIAL RESULTS Highlights Half Year Results of 2025 vs. 2024 (Dollars in US$ millions, except per share data) HY25 HY24 HY25 HY24 Closing FUM† (US$ billions) 172.4 155.6 Distributable earnings (US$ millions) 236.5 209.9 Average FUM† (US$ billions) 162.9 139.5 Dividends paid (US$ millions)* 224.1
Slide 10: Consolidated Statements of Operations
FINANCIAL RESULTS Consolidated Statements of Operations Consolidated Statements of Operations Commentary Half Year Comparison Net revenue was $403.0 million, an increase of 11.0% compared to the six months ended 30 June 2024. Net For the six months ended 30 June 2025 and 2024 management fees increas
Slide 11: Consolidated Statements of Financial Condition
FINANCIAL RESULTS Consolidated Statements of Financial Condition Consolidated Statements of Financial Condition As at 30 June 2025 and 31 December 2024 Commentary US$M 30-Jun-25 31-Dec-24 GQG continues to have a strong balance sheet, with total assets as at 30 June 2025 of $488.1 million. Assets Bal
Slide 12: Consolidated Statements of Cash Flows
FINANCIAL RESULTS Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows For the Six Months Ended 30 June 2025 and 2024 Commentary US$M 1H25 1H24 — The primary use of GQG’s cash continues to be working capital and dividends. Dividends are based Net income before noncontrolling i
Slide 13: Performance and Distribution Update
Performance and Distribution Update AS AT 30 JUNE 2O25 13
Slide 14: Investing Overview: Alpha Proposition
INVESTING OVERVIEW Alpha Proposition Investment Objective Annualized outperformance of 200-300 bps net of fees over a full market cycle with less volatility.* Forward-Looking Quality Many 'quality' investors emphasize historical metrics as indicators of quality. Driven by behavioral biases, these in
Slide 15: Performance Overview: Trailing Performance
PERFORMANCE OVERVIEW Trailing Performance as at 30 June 2025 30 15 30 15 20 10 20 10 Global Equity 10 International Equity 5 10 5 0 -10 0 0 0 1-YEAR ITD (1-OCT-14) 1-YEAR ITD (1-DEC-14) AS AT 30 JUNE 2025 AS AT 30 JUNE 2025 RETURN RANK RETURN RANK RETURN RANK RETURN RANK ● Composite (net of fees) -1
Slide 16: Performance Overview: Rolling Performance
PERFORMANCE OVERVIEW Rolling Performance as at 30 June 2025 Global Equity Rolling 5-Year Return (net of fees) International Equity Rolling 5-Year Return (net of fees) 20 20 GQG Partners Global Equity GQG Partners International Equity 5-Year Total Return % 5-Year Total Return % - Average 5-Year exces
Slide 17: Performance Overview: 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 16 14 GQG Partners 12 14 GQG Partners Global Equity eVestment ACWI ex USA Returns Returns 10 International Equity Large Cap Eq
Slide 18: Performance Overview: Rolling Alpha-Beta Performance
PERFORMANCE OVERVIEW Rolling Alpha-Beta Performance as at 30 June 2025 Global Equity Alpha-Beta International Equity Alpha-Beta 30 30 20 20 Alpha % Alpha % 10 10 0 0 -10 -10 -20 -20 0.4 0.6 0.8 1.0 1.2 1.4 1.6 0.4 0.6 0.8 1.0 1.2 1.4 1.6 Beta Beta 1Y 3Y 5Y 1Y 3Y 5Y EM Equity Alpha-Beta US Equity Alp
Slide 19: Distribution Overview: Morningstar Ratings
DISTRIBUTION OVERVIEW Morningstar Ratings GQG Partners Open End Fund Ratings as at 30 June 2025 MUTUAL FUNDS - MORNINGSTAR MORNINGSTAR RATING MORNINGSTAR RANK % MORNINGSTAR MEDAL GQG Partners Global Quality Equity Fund ★★★★ 13 Gold GQG Partners Emerging Markets Equity Fund ★★★★ 26 Gold GQG Partners
Slide 20: Distribution Overview: Funds Under Management
DISTRIBUTION OVERVIEW Funds Under Management† FUM by Strategy (US$ Billions) FUM by Channel & Region 69.7 (US$ Billions) 16.6 3.2 66.5 56.6 8.8 41.1 41.7 19.9 143.8 49.3 International Global Emerging Markets US Equity Institutional Wholesale Sub-Advisory Americas Australia EMEA Other APAC Internatio
Slide 21: Distribution Overview: Funds Under Management Rollforward
DISTRIBUTION OVERVIEW Funds Under Management† Rollforward of FUM (US$ Billions) BY YEAR 2019 2020 2021 2022 2023 2024 20251H Beginning FUM 17.6 30.7 67.0 91.2 88.0 120.6 153.0 Net Flows 7.6 25.3 17.1 8.0 10.2 20.2 8.0 Capital Appreciation* 5.5 11.0 7.1 -11.2 22.4 12.2 11.4 Ending FUM 30.7 67.0 91.2
Slide 22: Distribution Overview: Wholesale Distribution
DISTRIBUTION OVERVIEW Wholesale Distribution Wholesale Channel Net Flows By Vehicle (US$ Billions) Mutual Funds 6.4 6.1 — GQG’s mutual fund complex experienced annualized growth of 11.5% through flows in the first half of 2025 4.8 Separately Managed Accounts (SMA) — Retail SMA pulled in record first
Slide 23: Australian Distribution Success
AUSTRALIAN DISTRIBUTION SUCCESS 3Y Net 3Y Net Flows Total FUM Global Equity Fund (Australia) Net Flows (A$ millions) Global Equity Funds (Australia) Flows % of (A$ Millions) (A$ Millions) Total FUM $1,500 $1,348 1 GQG Partners Global Equity Fund $2,665 $4,738 56% 2 Vinva Global Alpha Extension Fund
Slide 24: Distribution Overview: eVestment Views
DISTRIBUTION OVERVIEW eVestment Views: Leading Indicator EVESTMENT VIEW COUNT AND DISTRIBUTION GQG PARTNERS GQG PARTNERS GQG PARTNERS GQG PARTNERS SCORE GLOBAL EQUITY INTERNATIONAL EQUITY EM EQUITY US EQUITY eVestment 1-Year View Count 3,140 1,534 2,162 1,295 eVestment 1-Year View Peer Rank 1% (1 of
Slide 25: Investment Environment
Investment Environment AS AT 30 JUNE 2O25 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: Questions
QUESTIONS Management Team RAJIV JAIN TIM CARVER MELODIE ZAKALUK STEVE FORD CHARLES FALCK Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Deputy Chief Financial Officer Global Distribution AS AT 30 JUNE 2O25 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,