Emerging Markets Strategic Initiatives
Financial performance overview
Ashmore
•
AuM +13% YoY, average AuM flat YoY
Net flows +US$1.2 billion and positive investment
performance +US$9.6 billion
FY2020/21
FY2019/20
£m
£m
YoY %
AuM (US$bn)
94.4
83.6
13
Adjusted net revenue
296.6
325.0
(9)
.
Q1 2021/22 AuM US$91.3 billion
Net outflows of US$1.0 billion and investment performance of
-US$2.1 billion
Adjusted operating costs
(103.7)
(105.9)
2
Adjusted EBITDA
195.7
222.5
(12)
•
Adjusted net revenue -9%
margin
66%
68%
•
•
•
-
Net management fees -14%
Higher performance fees of £11.9 million
Continued strong cost management
-
Adjusted operating costs reduced by 2%
Adjusted EBITDA -12%
Margin maintained in the mid/high 60%s
Strong seed capital gains of £92.5 million
Seed capital
Profit before tax
92.5
(7.6)
nm
282.5
221.5
28
Diluted EPS (p)
34.2
25.7
33
Adjusted diluted EPS (p)
23.3
26.1
(11)
DPS (p)
16.9
16.9
•
Profit before tax +28%, diluted EPS +33%
- Adjusted diluted EPS -11%
•
Dividend maintained
Figures stated on an adjusted basis exclude
FX translation and seed capital-related items
28View entire presentation