POLLEN STREET GROUP LIMITED (POLN) — Final Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to the POLLEN STREET GROUP Final Results Investor Presentation. Throughout this recorded meeting, attendees will be in listen only mode. Questions are encouraged. You can submit them at any time just using the Q and A tab on the right hand corner of your screen. Please simply type in your questions at any time and press send. The company may not be in a position to answer every question received during today's meeting. However, the company can review your questions submitted today, and we'll publish those responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. And if you give that your kind attention, I'm sure the company will be most grateful. And now I'll it over to CEO, Lindsay McMurray. Good afternoon. Thank you, Mark. Good afternoon, everyone, and welcome to the POLN STREET Annual Results for 2024. I'm Lindsay McMurray, and I'm delighted to present with Crispin Goldsmith, our CFO. So for 2024, it's been a phenomenal and and and pivotal year for the group. Outstanding financial performance and critically that the fund management business now represents two thirds of revenue, and the key driver of performance and growth. We've seen 29% growth in AUM to £5,400,000,000 with private equity five exceeding its €1,000,000,000 target. Credit AUM rose by 25% with £500,000,000 of available capital ready to deploy. With strong fundraising momentum continuing into 2025. Fund management revenue now represents 68% of total revenue, and then with strong EBITDA margin expansion at 39%, up from 30% last year. The investment company continues to deliver strong and reliable returns with our net investment return at nine point six percent and £31,800,000 of net investment income. And together w...