Magellan Financial Group ASX CEO Connect Brett Cairns | Executive Chairman 21 November 2017
Important Information This presentation has been prepared by Magellan Financial Group Limited (‘MFG’) . While the information in this presentation has been prepared in good faith and with reasonable care, no representation or warranty, express or implied, is made as to the accuracy, adequacy or reliability of any statements, estimates, opinions or other information contained in the presentation. This presentation may contain forward looking statements. These forward-looking statements have been made based upon MFG’s expectations and beliefs concerning future developments and their potential effect upon MFG (and its controlled entities) and are subject to risks and uncertainty which are, in many instances, beyond MFG’s control. No assurance is given that future developments will be in accordance with MFG’s expectations. Actual results could differ materially from those expected by MFG. This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security or financial product or service. Any such offer or solicitation shall be made only pursuant to a Product Disclosure Statement, Information Memorandum, Prospectus or other offer document relating to a financial product or service. Past performance is not necessarily indicative of future results and no person guarantees the performance of any financial product or service or the amount or timing of any return from it. There can be no assurance that the financial product or service will achieve any targeted returns, that asset allocations will be met or that the financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective. The information contained in this presentation is not intended to be relied upon as advice to investors or potential investors, who should consider seeking independent professional advice depending upon their specific investment objectives, financial situation or particular needs. No part of this material may be reproduced or disclosed, in whole or in part, without the prior written consent of MFG. Magellan|2 RP043
Magellan Financial Group Where we stand today • Sydney-based specialised, long-only global equities and global listed infrastructure fund manager • ASX listed code: MFG. Market cap $4.5 billion • $56 billion in funds under management • Retail funds under management of $17.7 billion, with over 250,000 underlying unitholders • Institutional funds under management of $38.3 billion, with over 130 clients 1 • Two business activities: • Magellan Asset Management (funds management business) • Principal Investments (balance sheet investments) • Simple and scalable business model • Offices in Sydney, Melbourne, Brisbane, Perth, Auckland and Newport Beach • 110 employees As at 31 October 2017 1 The number of clients include separately managed accounts and institutional investors in local and offshore vehicles. Magellan|3 RP043
Magellan Financial Group 11-year journey $1,000 invested in 2007, worth ~$30,000 today, ~39% p.a. 1 2006 2012 • Sep-06: Establishment of Magellan • Nov- 12: St James’s Place ~£2 • Dec-06: Magellan Flagship Fund IPO billion global equities mandate 2007 2011 2015 2017 • Jul-07: Magellan Global Fund & 2013 • Aug-11: US • Mar-15: Magellan • Oct-17: Magellan Magellan Infrastructure Fund • Aug-13: UCITS launched distribution pioneers Active ETFs Global Trust lists vehicle • Mar-15: Enters agreement with established Frontier Partners S&P/ASX 100 index 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1 Based on investment in recapitalisation in May 2007 at $0.975 per share, assuming dividends are reinvested and MFF in-specie distribution held. Magellan|4 RP043
Magellan Financial Group What do we do for our clients? We believe that successful investing is about finding, and owning for the long term, the world’s best companies to grow and safeguard our clients’ wealth. Magellan|5 RP043
Magellan Financial Group Who are our clients? Institutional mandates Institutional fund clients Bank / AMP aligned Broker advised / Independent Financial Advisers Non-aligned individual decision makers Magellan|6 RP043
Magellan Financial Group What problems are we solving for our clients? $ On-exchange investments are a more common 60% of Australian adults or 11.2 million people hold investment choice than cash or property investments outside of their institutional superannuation • 62% of investors hold on-exchange investments fund • 56% of investors hold cash • 37% of investors hold investment property SMSF use will continue to grow, with 30% of Australian Diversification is still not well understood: • 46% of investors claim to be diversified and hold 2.7 investment adults that do not currently use an SMSF planning to set products one up in the future. • 40% of investors say they do not have diversified portfolios. They hold • 15% of adults claim to have an SMSF 1.6 investment products. • 13% of adults without an SMSF are planning to establish • 15% of investors don’t know if they are diversified. one within the next year • 75% of share owners hold only Australian shares. • 8% are further planning to establish one in the next 13 – 24 months Source: ASX Australian Investor Study 2017 Magellan|7 RP043
Innovative solutions for investors Open ended - Active ETFs Online trading account Stockbroker or Adviser ASX Magellan Active ETFs – MGE, MHG and MICH Actively managed by a team Transparency of Portfolio Managers Market making to Deep stock research provide liquidity Easy access to the world’s Diversification best global companies Units in the fund(s) referred to herein are issued by Magellan Asset Management Limited (ABN 31 120 593 946, AFS Licence No 304 301). The PDS for the fund(s) is available at www.magellangroup.com.au or can be obtained by calling 02 9235 4888. Magellan|8 RP043
Innovative solutions for investors Closed ended - Listed Investment Trust Online trading account Stockbroker or Adviser ASX Magellan LIT – MGG Actively managed by a team Transparency of Portfolio Managers Closed end trust structure Deep stock research 5% discount on DRP Easy access to the world’s 4% pa target cash distribution, best global companies paid semi-annually Magellan|9 RP043
Magellan Financial Group What is next? Continue our education in global equities amongst self directed investors utilising platforms such as the Cricket Australia domestic test series. Continue developing innovative products that enable easy access to the next generation of global companies. Develop innovative financial products that meet retiree’s needs. Source: Cricket Australia, Fotosearch, retirery.com Magellan|10 RP043
Thank you www.magellangroup.com.au Phone: +61 2 9235 4888
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