1H23 Results
1H23 RESULTS | 23 FEBRUARY 2023
Optimised capital and operational efficiencies
Value created through scaling our team of legal asset specialists improved operational efficiencies
Demonstrating our ability to attract, retain and develop the best talent in the industry
The Group continues to maintain a strong financial position based on:
•
$93.0m cash and receivables on OBL balance sheet and access of up to $100m undrawn debt
•
Sufficient capital and dry powder to support growth, deployment obligations, liquidity requirements and corporate initiatives
OMNI
BRIDGEWAY
$m
Efficiency ratios
1H23
1H22
Change from
1H22
EPV managed per IM $m
EPV generated per IM $m
EPV/investment managers
303
237
28%
New investment EPV / investment managers
86
60
43%
CAGR 30%
CAGR 24%
Management fees / total expenditure¹
6%
8%
(25)%
Total expenditure1/ IEV
2%
1%
100%
Working capital ratio
Headcount
Number of offices
Number of investments
EPV²
1.5:1
2.9:1
(48)%
303
214
183
17%
279
86
237
75
208
24
180
56
59
60
20
20%
60
315
322
(2)%
29,803
23,150
29%
1H21
2H21
1H22
2H22 1H23
1H21
2H21 1H22 2H22 1H23
1. Excluding amortisation, impairments and adverse costs.
2. Includes current unconditional investments, conditional investments and Investment Committee approved investments
Highlights
Financial results
Portfolio performance
Strategy
AnnexureView entire presentation