Magellan Financial Group Ltd · ASX:MFG
Magellan Financial — Shareholder Meeting (October 2018)
8 slides from Magellan Financial's shareholder meeting presentation, Oct 4, 2018
Slide 1: 2018 AGM Presentation
Magellan Financial Group Limited For personal use only 2018 AGM Presentation Brett Cairns | Executive Chairman
Slide 2: 2018 Financial Results
2018 Financial Results Slide 1 For personal use only 30 June 2018 30 June 2017 % change Profit after tax ($ millions) 211.8 196.2 8% Profit after tax before MGG net offer costs and amortisation ($ millions) 268.9 196.2 37% Diluted EPS (cents per share) 122.0 114.1 7% Diluted EPS before MGG net offer
Slide 3: Balance Sheet
Balance Sheet Slide 2 • Net tangible assets of $515 million For personal use only • Cash and liquid assets of $445.5 million1 • No debt - undrawn debt facility sized at $50 million $’000 30 June 2018 30 June 2017 30 June 2016 Cash and cash equivalents 169,095 146,243 120,362 Receivables 108,622 71,2
Slide 4: Ongoing Capital Requirements
Ongoing Capital Requirements Slide 3 For personal use only • Magellan has built up significant capital over the past 12 years (net tangible assets as at 30 June 2018: $515 million) • The Board has undertaken a review of the ongoing capital requirements of the Group and has concluded: – Magellan has
Slide 5: Revised Dividend Policy
Revised Dividend Policy Slide 4 • Increased payout ratio to 90-95% For personal use only – Interim and Final Dividends based on 90-95% of profit after tax of funds management segment (excluding performance fees) – Annual Performance Fee Dividend of 90-95% of net crystallised performance fees after t
Slide 6: Funds Under Management
Funds Under Management Slide 5 For personal use only 30 June 2018 30 June 2017 Funds under management ($ billions) 69.5 50.6 Average funds under management ($ billions) 59.0 45.7 Growth in funds under management driven by: Net Inflows (net of distributions) ($ billions) 4.1 3.4 Investment performanc
Slide 7: Magellan Global Trust
Magellan Global Trust Slide 6 Trading history For personal use only $1.90 $1.80 $1.70 $1.60 $1.50 $1.40 $1.30 $1.20 $1.10 $1.00 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 NAV Closing Price As at 28 September 2018 Magellan| 7
Slide 8: Active ETF Unitholders
Active ETF Unitholders Slide 7 As at 28 September 2018 For personal use only 30,000 25,000 20,000 15,000 10,000 5,000 0 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Active ETFs are Magellan Global Equities Fund (ASX: MGE), Magellan Global E
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