Amundi Investor Presentation
Very good third-quarter results
Results
Business
activity
Good level of net asset management revenues, driven by net asset management fees of €707m (up 17.6% vs. Q3 2020
and up 2.6% vs. Q2 2021) and high performance fees (€90m)
Cost/income ratio of 48.4%¹ (~50% excluding exceptional level of performance fees²)
- Adjusted net income¹ up sharply to €333m:
■ +41.5% vs. Q3 2020
Excluding the exceptional level of performance fees², +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020
-
- Strong business momentum: high inflows 3-4 of +€15bn in MLT assets 5 driven by ESG offering, active management
(~11bn) and by all client segments
- Moderate outflows in treasury products4: -€2.2bn
- Outflows of -€12.7bn in the JVs due to a one-off redemption
- AuM³ of €1,811bn at 30/09/2021, +8.9% year-on-year (+1.0% for the quarter)
1. Adjusted data: excluding amortisation of distribution contracts and, in Q2 2021, excluding Affrancamento; See Slides 28-29 for definitions and methodology. 2. Data excluding
exceptional performance fees (= higher-than-average performance fees per quarter in 2017-2020, €42m). 3. Assets under management and net inflows including Sabadell AM as of
Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets marketed and take into account 100% of the Asian JVs' assets under management and net inflows.
For Wafa in Morocco, assets are reported on a proportional consolidation basis. 4. Excl. JVs. 5. Medium/Long-Term Assets: excluding treasury products
20| Amundi Investor Presentation - November 2021
Amundi
CRÉDIT AGRICOLE GROUPView entire presentation