Emerging Markets Investment Overview
Financial performance overview: H1 2021/22
Ashmore
AuM -8% over six months
Net flows -US$3.2 billion
Negative investment performance -US$3.9 billion
Adjusted net revenue -12%
H1 2021/22
H1 2020/21
£m
£m
YoY %
AuM (US$bn)
87.3
93.0
(6)
Adjusted net revenue
138.2
156.8
(12)
Adjusted operating costs
(47.8)
(51.2)
7
-
Net management fees -6%
-
Lower performance fees & FX hedge gains
Adjusted EBITDA
92.0
107.2
(14)
margin
67%
68%
.
Adjusted EBITDA -14%
Operating costs reduced by 7%
Seed capital
25.2
49.3
(49)
-
Maintained margin in the mid/high 60%s
Profit before tax
116.0
150.6
(23)
Diluted EPS (p)
13.3
18.2
(27)
Profit before tax -23%
Delivered seed capital gain of £25.2 million
DPS (p)
4.80
4.80
.
Diluted EPS -27%, DPS maintained at 4.80p
Figures stated on an adjusted basis exclude FX
translation and seed capital-related items
27
27View entire presentation