Value Partners Group Limited · HKEX:806
Value Partners — H1 2017 Earnings Presentation
16 slides from Value Partners's earnings presentation, Aug 15, 2017
Slide 1: 2017 Interim Results
Value Partners Group Limited Incorporated in the Cayman Island with limited liability A company listed on the Hong Kong Stock Exchange Stock code: 806 HK 2017 Interim Results For the period ended 30 June 2017 Results Presentation, 15 August 2017 Strictly Private and Confidential
Slide 2: Disclaimer
Disclaimer This document has been prepared by Value Partners Group Limited (the "Company") solely for use at the presentation. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should
Slide 3: Financial highlights
Financial highlights By Icy WONG Head of Finance 3
Slide 4: Assets under management ("AUM")
Assets under management (“AUM”) Value Partners’ AUM rose to US$15.5 billion as of 30 June 2017 AUM increased in 1H 2017 (US$ billion) on the back of • Positive fund returns of 20.0 15.6 15.5 US$2,237 million 15.0 12.9 13.2 • Net inflow of US$163 million 10.5 7.2 8.5 (1H 2016: net outflow of 10.0 7.9
Slide 5: Key highlights
Key highlights (In HK$ million) 1H 2017 1H 2016 % Change Profit attributable to owners of the Company 219.5 5.0 +4,290.0% Total revenue 752.3 709.1 +6.1% Gross management fees 546.7 529.2 +3.3% Gross performance fees 22.3 5.2 +328.8% Total expenses (226.0) (219.2) +3.1% Operating profit (before othe
Slide 6: Stringent cost control
Stringent cost control Breakdown of total expenses Fixed cost coverage ratio (HK$ million) Total expenses (HK$ million) 400 219 226 7 11 9 7 200 22 323 53 309 44 12 2.3x 2.3x 42 200 41 100 137 143 96 Fixed 101 expenses 0 0 1H 2016 1H 2017 1H 2016 1H 2017 Others Sales and marketing 1 Other compensati
Slide 7: Business review
Business review By Dr. AU King Lun MH, Ph.D Chief Executive Officer 7
Slide 8: Vision and positioning
Vision and positioning Value Partners’ vision – a global asset manager • Temple of value investing • Asia’s No. 1 asset manager by product and distribution • Capitalize on opportunities arising from China’s capital account liberalization Value Partners’ positioning Rest of the world Value Partners C
Slide 9: Investment capability expansion
Investment capability expansion We have been broadening our product offerings over the years. In the first half of 2017, progress was made in the six areas below. α+β 01 02 03 04 05 06 Equities Fixed Quantitative SMART Multi-asset Alternatives income investment Investment and ETFs Strategy 9
Slide 10: Investment capability expansion (cont'd)
Investment capability expansion (cont’d) Equities Fixed Income Quantitative investment and ETFs • Value Partners Classic Fund, • Value Partners Greater China • Repositioned Value ETFs as our flagship fund, achieved High Yield Income Fund institutional products with 1st quartile ranking1 in secured n
Slide 11: Investment capability expansion (cont'd)
Investment capability expansion (cont’d) α+β SMART Investment Multi-asset Alternatives Strategy • A newly created SMART • Leveraging our multi-asset • Established our first real Investment Strategy for strategy, we are pleased to estate private equity fund1 institutional investors announce a collabo
Slide 12: Product roadmap
Product roadmap By asset class 1993 By geography Equity China VP Classic Fund VP Classic Fund 2002 Asia VP High-Dividend Stocks Fund 2009 ETF Value China ETF 2012 Fixed income VP Greater China High Yield Income Fund (GCHY) 2014 Global 2015 A fund adopting contrarian strategy 1 Multi asset VP Multi-A
Slide 13: Quantitative Investment Solutions Team ("QIS Team")
Quantitative Investment Solutions Team (“QIS Team”) Drives the Group’s ETF business, big data application, and the development of quantitative products with newly established QIS Team. Mr. Kai MAK Mr. David QUAH Co-Managing Director, QIS Co-Managing Director, QIS and Senior Fund Manager QIS Team ETF
Slide 14: China Business Team
China Business Team Strengthens China Business Team with local team support covering investment management, business development and operations staff. Value Partners has 2 WFOEs in Shanghai supporting its China business PFM QDLP Hong Kong WFOE 1 WFOE 1 headquarters • Set up in 2017 in Shanghai • Set
Slide 15: Overseas business development
Overseas business development London office Continue to deepen Beijing office distribution network in Close to signing up a Singapore while leading global agreement with Shanghai office the development of one of the largest fund Hong Kong headquarters SMART Investment distribution platforms Strategy
Slide 16: Investor relations contact
Investor relations contact Value Partners Group Limited 9th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong www.valuepartners-group.com Ms. Icy Wong Chief Financial Officer Email: [email protected] Tel: (852) 2143 0464 Follow us on WeChat LinkedIn 16