Financial Performance and Investment Results
Strategy phase 3:
Mobilise Emerging Markets capital
Investable capital pools in Emerging Markets are growing
2x faster than in Developed Markets
Ashmore's network of local offices participate in this growth
trend
Strong organic growth opportunity in each market and
further diversification possible
Potential to expand network over time
Established network of six local offices
Ashmore
Ashmore Indonesia (AuM +51% YoY)
Investment in digital distribution partner (BIB)
Broader fund range including new fixed income and ESG
mandates
Ashmore Saudi Arabia (AuM +55% YoY)
Strong growth including new institutional equity mandates
Ashmore India (AuM +72% YoY)
Strong market performance
Ashmore Colombia (AuM flat YoY)
Marketing PE and real estate funds
Ashmore will continue to develop its network of local
businesses, and target larger EM institutions, to
increase proportion of AuM from EM-domiciled clients
from 26% today
Latin America
USD 1.3bn
Middle East
USD 1.5bn
Asia
USD 4.4bn
Global asset management platform
Local asset management presence
Distribution office
Local platforms: contribution to Group
FY2020/21
Group
Local
vs Group
AuM (USD bn)
94.4
7.2
8%
Average net management fee margin (bps)
41
70
+71%
Employees*
298
101
34%
Adjusted EBITDA
195.7
~£13m
7%
Adjusted EBITDA margin
66%
49%
-26%
* Excludes Ashmore Avenida site-based employees
AuM growth rates refer to FY2020/21
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