Perpetual Limited · ASX:PPT
Perpetual — Investor Day (December 2020)
93 slides from Perpetual's investor day presentation, Dec 9, 2020
Slide 1: ASX announcement: Investor Day Presentation
Perpetual Limited ABN 86 000 431 827 Angel Place, Level 18, 123 Pitt Street Sydney NSW 2000 For personal use only 9 December 2020 Australia Phone +61 9229 9000 ASX Limited www.perpetual.com.au ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000 Investor Day Presentation
Slide 2: Perpetual Limited Investor Day 9 December 2020
For personal use only PERPETUAL LIMITED INVESTOR DAY 9 DECEMBER 2020 ABN 86 000 431 827
Slide 3: Emma Rumble
EMMA RUMBLE For personal use only General Manager Corporate Affairs & Investor Relations
Slide 4: Agenda
AGENDA For personal use only Welcome & Introduction Emma Rumble General Manager, Corporate Affairs & Investor Relations Perpetual Strategy Update Rob Adams Chief Executive Officer & Managing Director Chris Green Chief Financial Officer Trillium Asset Matt Patsky Chief Executive Officer Management Ch
Slide 5: Rob Adams
ROB ADAMS For personal use only Chief Executive Officer & Managing Director
Slide 6: Our Strategy
OUR STRATEGY OUR PURPOSE OUR VISION OUR VALUES Enduring Prosperity Most trusted in Financial Services Excellence, Integrity, Partnership For personal use only CLIENTS PEOPLE SHAREHOLDERS Trusted brand and Attract, develop and inspire Delivering sustainable enduring relationships the best people qual
Slide 7: One Year On: Executing Strategy
ONE YEAR ON…. EXECUTING STRATEGY AND POSITIONED WELL TO COMPETE GLOBALLY For personal use only Continued strong performance from Credit & Fixed Income funds Zenith award winner in Multi Asset – Real Return category 20201 Perpetual Corporate Trust awarded “Trustee of the Year” 2 for 4th year ru
Slide 8: Perpetual Overview: Our Business Today
PERPETUAL OVERVIEW: OUR BUSINESS TODAY DIVERSIFIED AND GROWING SOURCES OF REVENUE For personal use only Perpetual Asset Management, Australia (PAMA) Highly regarded and award winning investments 26% business across Australian equities, multi-asset, 27% Australian credit and fixed income to drive s
Slide 9: Perpetual Executive Committee
PERPETUAL EXECUTIVE COMMITTEE COMPLEMENTARY SKILLSETS FOCUSED ON EXECUTION OF GROWTH STRATEGY For personal use only Rob Adams Chris Green Managing Director and Chief Chief Financial Officer Executive Officer Joined: 2006 Joined: 2018 Amanda Gazal Amanda Gillespie David Lane Chief Operating Officer G
Slide 10: Strong Foundations for Growth Across Each Division
STRONG FOUNDATIONS FOR GROWTH ACROSS EACH DIVISION WELL POSITIONED FOR SUSTAINED GROWTH For personal use only Perpetual Asset Perpetual Asset Perpetual Private Perpetual Management, Australia Management, International Corporate Trust Industry-leading advice model Consistent year on year growth
Slide 11: Transformational Acquisitions
TRANSFORMATIONAL ACQUISITIONS BUILDING WORLD-CLASS INVESTMENT AND DISTRIBUTION CAPABILITY For personal use only Compelling New Growth Scale Through Partnerships Opportunities Distribution Two unique and Materially diversifies revenue A strong and growing US compelling acquisitions with by inve
Slide 12: Perpetual Asset Management, Australia: Performance Momentum
PERPETUAL ASSET MANAGEMENT, AUSTRALIA PERFORMANCE MOMENTUM ACROSS ASSET CLASSES For personal use only Excess returns above benchmark Below benchmark returns Source: Perpetual, RBC and FactSet as at 30 November 2020 1. Returns have been calculated using exit prices after taking into account all ongoi
Slide 13: Barrow Hanley Performance Momentum Across Asset Classes
PERPETUAL ASSET MANAGEMENT, INTERNATIONAL BARROW HANLEY PERFORMANCE MOMENTUM ACROSS ASSET CLASSES For personal use only Annualised Perform ance 1 Excess returns above relative 30 Novem ber 2020 benchm ark (%) Strategy on June 30 tab Fund Benchm ark 3 m th % 1 yr 3 yr 5 yr 3 m th % 1 yr 3 yr 5 yr BHM
Slide 14: Trillium Performance
PERPETUAL ASSET MANAGEMENT, INTERNATIONAL TRILLIUM PERFORMANCE For personal use only Annualised performance 30 September 2020 (%) Excess returns above benchmark 30 September 2020 (%) Strategies Benchm ark 3 m th % 1 yr 3 yr 5 yr 3 m th % 1 yr 3 yr 5 yr Global Equities MSCI ACWI NR USD 11.2 18.1 11.7
Slide 15: Chris Green
CHRIS GREEN For personal use only Chief Financial Officer
Slide 16: FY21 Expenses
FY21 EXPENSES CONTINUED INVESTMENT IN GROWTH INITIATIVES OFFSET BY COST SAVINGS FROM OPERATING MODEL For personal use only Underlying Expenses Additional Expenses Deal Completion Underlying expenses1 Trillium and Barrow Hanley Change in definition of expected to be 2 - 4% lower costs and the continu
Slide 17: Future Dividend Settings
FUTURE DIVIDEND SETTINGS CHANGE IN UNDERLYING PROFIT DEFINITION For personal use only Revised definition of UPAT 1 to reflect the changes to the Group’s operating cashflows from both existing and future opportunities Change in Definition of UPAT From FY21, NPAT will be adjusted for four types of
Slide 18: Key Financials from Barrow Hanley
KEY FINANCIALS FROM BARROW HANLEY FINANCIAL FLEXIBILITY FOR GROWTH For personal use only Consideration Funding Significant items Initial consideration of US$293 Initial consideration was funded Under new UPAT definition, million (A$4031) million paid to via a combination of proceeds transactio
Slide 19: Trillium Overview
For personal use only Trillium Overview Matt Patsky, Chief Executive Officer www.trilliuminvest.com www.trilliuminvest.com
Slide 20: The Trillium Impact
The Trillium Impact Trillium Asset Management is an impact-driven, ESG-focused firm – and one of the first ESG firms dedicated to aligning values with investment objectives For personal use only History: Today: • Founded in 1982 by ESG pioneer Joan Bavaria - a true visionary in • Trillium is an impa
Slide 21: Trillium founding quote
For personal use only “Trillium was founded to provide for the financial needs of our clients while leveraging their capital for positive social and environmental impact in alignment with their values.” – Matthew W. Patsky, CFA CEO & Portfolio Manager www.trilliuminvest.com 20
Slide 22: Multiple Approaches Maximise Social Dividends
Multiple Approaches Maximise Social Dividends℠ For personal use only & Social Impact Positive Environmental Public Policy Shareholder Shareholder Advocacy Advocacy Positive ESG Positive ESG Positive ESG Attributes Attributes Attributes Exclusionary Exclusionary Exclusionary Exclusionary ESG Screens
Slide 23: Targeted Shareholder Engagement
Targeted Shareholder Engagement We consider it fundamental to our mission and our fiduciary responsibility to engage with the companies that we hold on behalf of our clients to press for positive change on ESG topics or opportunities that we believe will help improve their ESG policies, For personal
Slide 24: Integrated ESG Case Study
For personal use only Integrated ESG Case Study Cheryl Smith Economist, Portfolio Manager www.trilliuminvest.com www.trilliuminvest.com
Slide 25: Investment Approach Summary
Investment Approach Summary Investment Philosophy For personal use only At Trillium, we believe that the incorporation of Environmental, Social and Governance (ESG) factors into fundamental financial analysis can help identify companies that appear best positioned to deliver risk adjusted, long term
Slide 26: Large Cap Core Strategy Overview
Large Cap Core Strategy Overview For personal use only Strategy Overview Portfolio Management Team The Large Cap Core portfolio seeks to invest in reasonably priced growth companies that meet our proprietary ESG criteria Cheryl Smith, CFA, Ph.D. • Focus on sustainable growth, reasonable valuations a
Slide 27: Final Large Cap Core Portfolio
Final Large Cap Core Portfolio Macro Input For personal use only • Macro analysis led by Cheryl Smith, CFA, Ph.D. Economics, Yale Risk Controls • Recommends sector over/under-weights • Benchmark: S&P 500 • Identifies sub-industries to emphasise within a sector • Target tracking error: 3-4% • Sector
Slide 28: Large Cap Core Overview
Large Cap Core Overview Invests in large cap stocks that are well-diversified across economic sectors and meet Trillium’s sustainability criteria For personal use only Sector Allocation vs. Benchmark* Equity Characteristics* Large Cap S&P Core 500 Communication Services Consumer Discretionary Market
Slide 29: Engagement Highlight - Starbucks
Engagement Highlight - Starbucks For personal use only GMO Phase Out Corporate Social Supporting Coffee Farmers Workplace Diversity Sustainable Packaging, Dialogue with Starbucks and Responsibility Trillium and others urge end to Trillium proposal asking Plastics other ESG partners in 2001 Starbucks
Slide 30: MSCI Ratings
MSCI Ratings 1 MSCI’s Ratings database seeks to analyse a company’s Environmental, Social and Governance investment risk & provide an Intangible Value Assessment For personal use only MSCI ESG Ratings Period Ending 30/9/2020 35% 30% Companies are rated by MSCI ESG analysts 25% on an AAA-CCC scale re
Slide 31: Large Cap Core Performance
Large Cap Core Performance Annualised 16.0 For personal use only Returns in % 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Quarter YTD 1 Year 3 Year 5 Year 10 Year GIPS Inception Equities Only, Gross of Fees 9.6 6.7 14.7 14.5 14.0 13.5 9.2 Total Portfolio, Gross of Fees 9.4 6.6 14.4 14.2 13.6 13.1 8.9 Total P
Slide 32: Innovative ESG Investment Strategies
For personal use only Innovative ESG Investment Strategies John Quealy Chief Investment Officer www.trilliuminvest.com www.trilliuminvest.com
Slide 33: Decades of Exclusive ESG Investing
Decades of Exclusive ESG Investing Trillium has been focused solely on ESG investing since 1982 as we believe that a company’s commitment to implementing ESG principles creates a distinct competitive advantage and builds long-term value For personal use only Trillium is founded US SIF Ceres First In
Slide 34: Integrated ESG Investment Process
Integrated ESG Investment Process Trillium’s Sustainable Investment Approach For personal use only Evaluate Financial Integrity Assess ESG Integrity Target Strategic Leaders Advocacy Trillium’s investment approach integrates in-depth ESG research and analysis with rigorous, fundamental financial dil
Slide 35: Equity Strategies
Equity Strategies ESG Investment Strategies seeking to provide competitive risk adjusted returns For personal use only Fossil Fuel Free Strategies Fossil Fuel Free Strategies with International Weightings Additional Available Strategy Benchmark Portfolio Team* Inception AUM Model Assets as a Fund? G
Slide 36: Global Equity and Sustainable Opportunities Performance
Global Equity and Sustainable Opportunities Performance 25.0 Global Equity Sustainable Opportunities Annualised For personal use only Returns in % 20.0 15.0 10.0 5.0 0.0 GIPS GIPS Quarter YTD 1 Year 3 Year 5 Year 10 Year Quarter YTD 1 Year 3 Year 5 Year 10 Year Inception Inception Total Portfolio, G
Slide 37: Overview of Barrow Hanley
For personal use only OVERVIEW OF BARROW HANLEY BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC 2200 Ross Avenue | 31st Floor | Dallas, TX 75201-2761 214.665.1900 | [email protected] December 2020
Slide 38: Who We Are
WHO WE ARE BARROW HANLEY IS FIRM FACTS (as of 30/11/20) For personal use only A 41-year-old institutional investment management firm managing assets for pension funds, endowments, foundations and sub-advisors Founded in 1979 A value manager that rigorously applies and implements the establishe
Slide 39: Our Clients and Product Offerings
OUR CLIENTS AND PRODUCT OFFERINGS AS OF 30 NOVEMBER 2020 For personal use only AUM by Asset Class AUM by Clients Domicile AUM by Client Type 3% 1% 3% 2% 3% 5% 4% 23% 30% 6% 12% 23% 77% 24% 81% Endowment/Foundation Equity Fixed Taft-Hartley Luxembourg Cayman Islands Bermuda Japan Pooled Fund/Commingl
Slide 40: Who We Are: Our Goal
WHO WE ARE For personal use only OUR GOAL Grow our clients’ capital by consistently generating alpha through high conviction value investing in equity and credit markets 39 www.barrowhanley.com
Slide 41: Our Competitive Edge
OUR COMPETITIVE EDGE “FAR FROM THE CROWD” For personal use only BOUTIQUE CULTURE WE BELIEVE THE FOLLOWING DIFFERENTIATES US: T E A M : Continuity and Stability ENHANCED COMMUNICATION E X P E R I E N C E : Invested across Multiple Cycles A L I G N M E N T : Singular Focus on Identifying Underva
Slide 42: Investment Philosophy & Objective
INVESTMENT PHILOSOPHY & OBJECTIVE ANCHORED BY FUNDAMENTAL VALUE SECURITY SELECTION For personal use only TO EXPLOIT INHERENT MARKET INEFFICIENCIES Barrow Hanley seeks to generate alpha by exploiting global market inefficiencies through investing in mispriced, undervalued companies that display stabl
Slide 43: Key DNA: Fundamental Analysis
KEY DNA: FUNDAMENTAL ANALYSIS For personal use only SECURITY ANALYSIS IS focused ON ANSWERING ATTRACTIVE VALUATION FIVE QUESTIONS: 1. Why is the company trading below our assessment of + intrinsic value? STABLE TO IMPROVING OPERATING FUNDAMENTALS 2. Is the reason for the discount temporary or perman
Slide 44: Global Value Equity
For personal use only GLOBAL VALUE EQUITY Brad Kinkelaar Senior Managing Director, Portfolio Manager www.barrowhanley.com 43
Slide 45: A Differentiated Global Equity Strategy
A DIFFERENTIATED GLOBAL EQUITY STRATEGY PORTFOLIO OF BEST IDEAS For personal use only ALL-CAP VALUE Exploits the widest opportunity set and STRATEGY greatest market inefficiencies G V E F A C T S (as of 30/11/20) High Active Share: Typically over 90% vs CONVICTION both MSCI World Index and MSCI
Slide 46: Portfolio Construction
PORTFOLIO CONSTRUCTION OVERCOME COGNITIVE BIASES INHERENT THROUGHOUT THE INVESTMENT PROCESS For personal use only KEY TENETS: High Conviction, Benchmark Agnostic, Stock Selection Driven Avoid Success or Failure Based on Binomial Predictions Focus on Attractive Asymmetrical Risk/Reward Profiles
Slide 47: Global Value Gross Performance vs MSCI World Indices
GLOBAL VALUE GROSS PERFORMANCE – VS MSCI WORLD INDICES ENDING 30 November, 2020 (AUD) 15.0 13.012.8 13.1 12.3 For personal use only 11.7 10.6 11.0 10.5 10.4 9.7 9.8 10.0 8.7 8.5 7.8 7.9 6.3 6.1 5.8 5.6 5.1 5.1 5.0 2.7 0.0 Returns (%) (5.0) ( 4.2) (4.8) ( 5.4) (6.1) (10.0) (9.0) (9.7) (15.0) Since In
Slide 48: Emerging Markets Equity
For personal use only EMERGING MARKETS EQUITY Randolph Wrighton Senior Managing Director, Equity Portfolio Manager www.barrowhanley.com 47
Slide 49: A Differentiated Emerging Markets Equity Strategy
A DIFFERENTIATED EMERGING MARKETS EQUITY STRATEGY For personal use only Exploits the widest opportunity set with AL L -CAP VAL UE S TRATEGY greatest inefficiencies High Active Share: Typically over 90% Vs EME FACTS (as of 30/11/20) HIG H C ONVICTION MSCI Emerging Market Index & MSCI Emerging Mar
Slide 50: Portfolio Construction
PORTFOLIO CONSTRUCTION HIGH CONVICTION, BENCHMARK AGNOSTIC, STOCK SELECTION DRIVEN For personal use only KEY TENETS: STRONG BALANCE SHEETS: Valuation incorporates leverage CORPORATE GOVERNANCE: “SOE-Light” avoid “Dirty Value” analysis to penalise weaker companies Emerging Market companies HIGH
Slide 51: Emerging Markets Gross Performance
EMERGING MARKETS GROSS PERFORMANCE ENDING 30 November, 2020 (AUD) 20.0 For personal use only 15.0 14.1 13.8 10.2 10.4 10.0 9.1 9.2 8.5 8.7 8.6 8.2 7.7 6.5 6.0 5.6 5.1 Returns (%) 5.0 4.2 3.2 1.4 0.0 ( 3.5) (5.0) (4.4) (4.5) ( 6.2) (7.1) (7.3) (10.0) Since Inception QTD YTD 1 Year 3 Year 5 Year 10/1/
Slide 52: Reasons for the Continued Success of Barrow Hanley
5 REASONS FOR THE CONTINUED SUCCESS OF BARROW HANLEY For personal use only PEOPLE Our Team is Experienced, Multi-generational and Stable PHILOSOPHY The Disciplined Value Process Works; Barrow Hanley Never Deviates From It PROCESS The Fundamental Process of Research and Stock Selection is Repeatable
Slide 53: David Lane
For personal use only DAVID LANE Group Executive Perpetual Asset Management, International
Slide 54: Perpetual Asset Management, International: Implementing Strategy
PERPETUAL ASSET MANAGEMENT, INTERNATIONAL A SIGNIFICANT STEP IN THE IMPLEMENTATION OF PERPETUAL’S STRATEGY For personal use only Global Building a business with world-class investment capabilities in strategies that have Demand global demand and significant capacity Boutique Core belief that boutiqu
Slide 55: Strategic Priorities: Trillium
STRATEGIC PRIORITIES: TRILLIUM TURNING ESG EXPERTISE INTO A PRE-EMINENT GLOBAL ESG INVESTMENT MANAGER For personal use only Building Competitive Early Strategic Future focused Advantage Initiatives Delivered Goals Deep and authentic ESG Rebranding completed for Enhance global market awareness
Slide 56: Strategic Priorities: Barrow Hanley
STRATEGIC PRIORITIES: BARROW HANLEY WORLD-CLASS INVESTMENT CAPABILITIES For personal use only Building Competitive Key Strategic Future focused Advantage Initiatives Underway Goals True-to-label value manager Rebranding underway with Access growing channels with long-term investment website an
Slide 57: Adam Quaife
For personal use only ADAM QUAIFE Head of Global Distribution
Slide 58: Global Distribution: Perpetual Asset Management Business Mix
GLOBAL DISTRIBUTION PERPETUAL ASSET MANAGEMENT BUSINESS MIX For personal use only Multiple world-class Diverse institutional and Global distribution investment capabilities retail client base and client footprint Contemporary solutions across equities, Longstanding and deep relationships Presence in
Slide 59: Global Distribution: Growing Footprint
GLOBAL DISTRIBUTION TEAM OF OVER 70 AND GROWING FOOTPRINT EMEA: 1 Distribution Europe Total Market AUM A$40.9T For personal use only CAGR 3.6% (19’-24’E Forecast) Americas Transitioning London office to Perpetual is building a distribution team to grow United States: 38 Distribution Total Market A
Slide 60: Global Growth of ESG
GLOBAL GROWTH OF ESG A PRIMARY GLOBAL MEGA TREND ● For personal use only Europe Australia Explicit climate change policy Over A$7.2 trillion of ESG assets under management across Europe Responsible investing AUM has surpassed the A$1 trillion mark, or 36.7% of total professionally managed assets
Slide 61: Global Distribution: Delivering Sustainable Growth
GLOBAL DISTRIBUTION DELIVERING SUSTAINABLE GROWTH For personal use only CLIENT FIRST FUTURE FIT NEW HORIZONS Exceptional products Empowering our people to New capabilities Outstanding service deliver high performance Global footprint Offer solutions to Enhance institutional Build out the global meet
Slide 62: Chuck Thompson
For personal use only CHUCK THOMPSON Head of Distribution & Strategy, Americas
Slide 63: US Institutional Market
US INSTITUTIONAL MARKET ALL CHANNELS FORECAST TO GROW Institutional Asset Pools, Forecast CAGR and Public Equity Allocations For personal use only 7% Size of bubble Channel, reflects total Total AUM channel AUM (A$T) 6% Endowments and E&F has led institutional channels Foundations, 2.6 in incorporat
Slide 64: US Intermediary Market
US INTERMEDIARY MARKET KEY CHANNELS FORECAST TO GROW Intermediary Asset Pools, Forecast CAGR and Buyer Sophistication For personal use only 12% Size of bubble Channel, Channel, reflects total Total AUM Total AUM channel AUM (A$T) • Channels successfully gaining 10% advisors and clients. Portfolio co
Slide 65: US Client Segments
US CLIENT SEGMENTS KEY US SEGMENTS ARE EXPECTED TO GROW IN COMING YEARS For personal use only Influence of New Professional Buyers 5 Years US Net New 2018 US AUM Flows Active, By Channel, % Active, 2019-2023E, $T Pockets of growth Key groups of ‘Professional Legacy 27% buyers’ are expected to -$1.4T
Slide 66: ESG Strategies: Expected US Demand
ESG STRATEGIES US INSTITUTIONAL, INTERMEDIARY CHANNEL EXPECTED DEMAND IN THE NEXT 2-3 YEARS For personal use only Institutional High demand Moderate demand Low demand 3-year asset CAGR Foundations 70% 28% 2% 9.5% Endowments 67% 27% 6% 7.9% Public DB plans 65% 30% 4% Not-for-profit/Governmental DC pl
Slide 67: Growing Interest in Value, Global and Emerging Markets Equity
GROWING INTEREST IN VALUE, GLOBAL AND EMERGING MARKETS EQUITY PERPETUAL AFFILIATES HAVE STRATEGIES IN 8 OF 10 MOST SEARCHED UNIVERSES For personal use only Monitoring and replacement activity remains high within the US Large Cap Value category because it is a large component of many portfolios S
Slide 68: Americas Distribution Team
AMERICAS DISTRIBUTION TEAM A COMBINED EFFORT FORMING ACROSS THE ENTIRE ORGANISATION For personal use only Head of Distribution & Strategy – Americas Intermediary Brand & Global Consultant Client Portfolio Sales & Product Institutional Sales Marketing Relations Management Development Intermediary Bra
Slide 69: Amanda Gillespie
AMANDA GILLESPIE For personal use only Group Executive Perpetual Asset Management, Australia
Slide 70: Questions
QUESTIONS For personal use only [email protected]
Slide 71: Rob Adams
ROB ADAMS For personal use only Chief Executive Officer & Managing Director
Slide 72: A Diversified Business Executing on Our Strategy
For personal use only A Diversified Business Supported by Balance Sheet Strength, Trusted Brand, Deep Client Relationships Executing on our Strategy Solid Execution Client First, Future Fit, New Horizons Well Positioned for Future Growth Each Division tilting towards new growth opportunities An esta
Slide 73: Thank You for Joining Us Today
THANK YOU FOR JOINING US TODAY For personal use only BEST WISHES FOR THE FESTIVE SEASON Visit [email protected] to watch the replay 72
Slide 74: Appendix
APPENDIX For personal use only I. TRILLIUM II. BARROW HANLEY III. PERPETUAL
Slide 75: I. Trillium Appendix
For personal use only I. Trillium Appendix www.trilliuminvest.com www.trilliuminvest.com
Slide 76: Trillium Management Team
Trillium Management Team Matthew W. Patsky, CFA John Quealy, CPA Michelle McDonough For personal use only CEO & Portfolio Manager Chief Investment Officer Chief Operating Officer Matt has been a leader on ESG investing since his days at Lehman in John is Chief Investment Officer, overseeing the mana
Slide 77: Large Cap Core Composite Annual Disclosure Presentation
Large Cap Core Composite Annual Disclosure Presentation Annual Performance Annual Performance Composite Benchmark Year Results Composite Results Composite 3 Year 3 Year Composite Number of Composite Assets Total Firm Assets For personal use only End GROSS NET Benchmark STD DEV STD DEV Dispersion Acc
Slide 78: Large Cap Core Composite Annual Disclosure Presentation
Large Cap Core Composite Annual Disclosure Presentation Trillium Asset Management is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors act of 1940. For the purposes of establishing and maintaining compliance with the GIPS standards, the firm h
Slide 79: Global Equity Composite Annual Disclosure Presentation
Global Equity Composite Annual Disclosure Presentation Annual Performance Annual Performance Composite Benchmark Year Results Composite Results Composite 3 Year 3 Year Composite Number of Composite Assets Total Firm Assets For personal use only End GROSS NET Benchmark STD DEV STD DEV Dispersion Acco
Slide 80: Global Equity Composite Annual Disclosure Presentation
Global Equity Composite Annual Disclosure Presentation Trillium Asset Management is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors act of 1940. For the purposes of establishing and maintaining compliance with the GIPS standards, the firm ha
Slide 81: Sustainable Opportunities Composite Annual Disclosure Presentation
Sustainable Opportunities Composite Annual Disclosure Presentation Annual Performance Annual Performance Composite Benchmark Composite Year Results Composite Results Composite 3 Year 3 Year Composite Number of Assets Total Firm Assets For personal use only End GROSS NET Benchmark STD DEV STD DEV Dis
Slide 82: Sustainable Opportunities Composite Annual Disclosure Presentation
Sustainable Opportunities Composite Annual Disclosure Presentation Trillium Asset Management is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors act of 1940. For the purposes of establishing and maintaining compliance with the GIPS standards,
Slide 83: Disclosure: Important Information
Disclosure: Important Information The S&P Indices are widely recognized, unmanaged indices of common stock. It is not possible to invest directly in an index. The S&P 500 Index is recognized as a gauge of the large cap U.S. equities market. The S&P 1000 combines the S&P Midcap 400 and the S&P SmallC
Slide 84: Definitions
Definitions Dividend Yield – The estimated dividend per share expressed as a percentage of the PEG Ratio – The ' PEG ratio' ( price/earnings to growth ratio) is a valuation metric for current share price. determining the relative trade-off between the price of a stock, the earnings For personal use
Slide 85: II. Barrow Hanley Appendix
For personal use only II. BARROW HANLEY APPENDIX www.trilliuminvest.com
Slide 86: Management Team
MANAGEMENT TEAM CORY MARTIN MARK GIAMBRONE For personal use only Executive Director/CEO, 21 years at BH Senior Managing Director, 21 years at BH Equity Portfolio Manager 30 years’ experience Equity Portfolio Manager/Analyst 28 years’ experience Cory joined Barrow Hanley in 1999 and was appointed Exe
Slide 87: GIPS Composite Report: Global Value Equity Composite
GIPS® COMPOSITE REPORT BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC GLOBAL VALUE EQUITY COMPOSITE For personal use only Barrow, Hanley, Mewhinney & Strauss, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GI
Slide 88: GIPS Composite Report: Emerging Markets Equity Composite
GIPS® COMPOSITE REPORT BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC EMERGING MARKETS EQUITY COMPOSITE For personal use only Non-Fee Total Total Composite MSCI World Composite Paying % of Firm Year Return Return 3-Yr Ex-Post MSCI World 3-Yr Ex-Post No. of Composite Assets Composite Firm Assets Ending GOF
Slide 89: Disclosures
DISCLOSURES General Disclosures: special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such A complete list and description of all composites is available upon request. Past performance is not indicative of future damages. For personal
Slide 90: III. Perpetual Appendix
For personal use only III. PERPETUAL APPENDIX
Slide 91: US Market Channel Sizing, 2019
US MARKET CHANNEL SIZING, 2019 (A$T) US ASSETS UNDER MANAGEMENT REACHED A$85.0T IN 2019 For personal use only Institutional AUM: A$37.9T Barrow, Hanley Legacy Intermediary AUM: A$47.1T Trillium Legacy Note: AUM figures translated at AUD:USD 0.73 at 24 November 2020 Source: Cerulli Associates 90
Slide 92: Disclaimer
DISCLAIMER Important information For personal use only This presentation has been prepared by Perpetual Limited ABN 86 000 431 827 (Perpetual). By attending the Investor Day, or accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out below and to the other
Slide 93: Contacts
CONTACTS Level 18, Angel Place, 123 Pitt Street SYDNEY NSW 2000 AUSTRALIA Emma Rumble For personal use only General Manager, Corporate Affairs & Investor Relations [email protected] +612 9229 3998 Marisa Zammit Head of Investor Relations [email protected] +61 425 282 805 Abou