Record : Interim Results Presentation Six Months Ended September 2024

About this update from Record Plc

15 November 2024 Recordfg.com Record Financial Group H1 FY25 Results Presentation 15 November 2024 Recordfg.com Agenda Highlights Strategic Update Financial Performance Summary & Outlook Highlights AUM 4% $106.0bn vs 31/3/24 Revenue (2%) £21.1m vs H1FY24 Operating margin (178 bps ) 26.8% vs H1FY24 EPS 4% 2.58p vs H1 FY24 Interim dividend per share -% 2.15p AUM up 3.7% since year end; up 25% y-o-y Growth in management fees from core currency management products Launch of Infrastructure Equity Fund marks a new chapter for Record and a foundation for future growth Key hires in RAM to build on success and accelerate growth Higher EPS to Record shareholders reflecting minority cost share Interim dividend maintained at 2.15p AUM ($bn) 87.7 102.1 106.0 65.9 80.1 84.1 83.1 80.8 84.5 H1-21 H2-21 H1-22 H2-22 H1-23 H2-23 H1-24 H2-24 H1-25 4 15 November 2024 Recordfg.com Agenda Highlights Strategic Update Financial Performance Summary & Outlook Focus on our strategic objectives Organic Growth Overall revenue down 2% with growth offset by the one-off impact of a large client mandate restructure AUM inflows in higher-margin products - Hedging for Asset Managers, FX Alpha, EM debt Improve Quality of Earnings Business reorganised by product with clearly defined accountabilities Infrastructure Equity Fund will deliver committed long-term revenues Operational Excellence Under the new IT leadership, implemented roadmap to ensure client technology remains state-of-the-art and internal infrastructure can be scaled to support growth Operational infrastructure to support growth in European asset management business Lease signed on new London headquarters 6 Products Product categories where we can offer a unique value proposition and where we can be best-in-class AUM up $21.5bn (25%) over the last 12 months across all products Risk management products increasingly attractive in periods of political and economic uncertainty Currency Management ($103.4bn) Passive FX Active FX Hedging for Asset FX Alpha Hedging Hedging Managers Asset Management ($2.6bn) Custom Solutions EM Debt Infrastructure Private Credit Equity Risk Management Return-seeking 7 Currency Management Currency Management AUM increased by $25bn since last year, to reach a record $103.4bn. During the period, AUM increased in every Currency Management product Strong pipeline for Hedging for Asset Managers and FX Alpha Passive FX Hedging AUM growth driven by FX movements; modest underlying outflows $68.3bn 3% vs H2 FY24 Active FX Hedging Weak USD affecting performance $16.8bn 2% vs H2 FY24 Hedging for Asset Managers New mandate wins during the period Strong sales pipeline $12.3bn  18% vs H2 FY24 FX Alpha Highly attractive offering continues to deliver for existing client and attract new interest $6.0bn 33% vs H2 FY24 8 Asset Management Launch of Infrastructure Equity Fund, an important milestone in building our Asset Management offering Active pipeline of large scale opportunities EM Debt EMSF launched June 2021 Trailblazing approach to EM local debt $1.1bn 14% vs H2 FY24 Infrastructure Equity Respond to demand from Swiss pension fund clients Investor opportunities in world's megatrends (eg energy transition; digital transformation) $1.1bn NEW (commitments) Active pipeline Focussed on our unique capabilities to deliver custom solutions at large scale Includes Private Credit and expansion of GP Stakes 9 Record Asset Management • Growing demand for credible, long-term partners with a strong execution track record • Comprehensive asset management services: • effective governance framework • managing legal structures Record plc RAM management team 100% 41% 59% (51% voting rights ) • supporting complex private market investment strategies • Bafin regulated, Frankfurt-based subsidiary • Highly experienced team based in Frankfurt, Zurich, Zug, and London • Management shareholding aligns incentives Record Currency Management Limited Record Asset Management GmbH 10 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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