Annual Presentation LHC3 plc Bond Investors 30 April 2019
Disclaimer This presentation has been prepared by Allfunds Bank, S.A. (“AFB”) and its parent, LHC3 plc (“LHC3”). While the information c ontained in this presentation has been prepared in good faith, neither AFB nor LHC3, nor any of their respective shareholders, directors, officers, agents, employees, or advisors, makes any representations or warranties (express or implied) as to, or in relation to, the fairness, accuracy, reliability or completeness of the information in this presentation, and liability therefor is expressly disclaimed. 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This document contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse. 2
Today’s Presenters Luigi Lubelli Chief Financial Officer Alvaro Perera Head of Corporate Development 3
01 Business Per formance Over view
2018 Key Achievements Continued strengthening of our distribution capabilities: scale, diversification, broad 1 offering, global footprint 2 Reinforcement and diversification of senior leadership team 3 Intensified development & launch of new digital solutions Solid profitability and solvency, supporting future growth both organically and through 4 acquisitions 5
Trends In Financial Performance Avg. AuA ( € bn) Revenues ( € m) Adjusted EBITDA ( € m) 221 Adj. EBITDA Margin (%) 367 137 124 12A-18A 190 12A-18A 12A-18A +25% CAGR +33% +22% CAGR CAGR 302 111 160 101 156 220 76 197 115 69% 66% 55% 88 56 66% 64% 62% 134 64% 66 96 36 68 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 33% 31% 39% (2%) 21% 17% Growth (%) 42% 40% 47% 12% 37% 21% 56% 36% 46% (9%) 24% 10% 6
Successfully Widening Customer Footprint And Revenue Base Total number of customers Revenue diversification ( € mn) CAGR 16-18 UCITs remuneration +75 623 Other revenues From Italy/Spain +7 19% 221 Other countries +68 190 548 156 168 13% (76%) 157 (83%) 131 (84%) 53 44% (24%) 33 26 (17%) (16%) 31/03/2017 31/12/2018 2016 2017 2018 7
2018 Volume Performance € bn -2.8% (+0.8%) 87.4 358.7 11.0 348.6 Organic Flows 2.8 23.9 (+3.1%) 39.5 (-6.7%) Migrations Net Flows 42.5 271.3 5.4 + € 13.9bn Market effect AuA AuA Organic Flows Migrations Market effect AuA 31/03/17 (1) 31/12/17 31/12/18 • Allfunds generated significant alpha in its AuA performance vs. the broader market as a result of new client wins and secular growth from existing clients • C. 77% of AuA growth since 1Q17 came from new migrations -2.8%% AFB Eurostoxx 50 -14.3% FTSE MIB -15.0% -16.1% IBEX 35 Equity & Fixed Income composite (2) -6.2% 8 (1) Latest available data provided at the Roadshow (2) Used for internal benchmarking purposes consisting of 50% Equity (60% Eurostoxx 50 and 40% MSCI World Index) and 50% Fixed Income (Barclays Capital US Bond Index)
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