Welcome to the 2018 Annual General Meeting 26 April 2018
Michael Dobson Chairman 1
Peter Harrison Group Chief Executive 2
Fu Full y yea ear 20 2017 7 res esults ts Revenue g growth th wi with th cost st disc scipline Key metrics at record levels Positive net new business Improved ratio of total costs Dividend increased by 22% to net income 2017 2016 Change Net income* £2,068.9m £1,793.1m 15% Ratio of total costs to net income 61% 64% - Profit before tax* £800.3m £644.7m 24% AUMA £447.0bn £395.3bn 13% Net new business £9.6bn £1.1bn - Basic EPS* 226.9p 186.3p 22% Dividend per share 113p 93p 22% * Before exceptional items 3
Consiste tent g nt growth th i in dividend Main aintain ined 5 50% p pay ayout r rat atio in in 2017 pence 120 100 80 60 113 93 87 40 78 58 43 20 39 37 31 31 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total dividend 4
As pr profits ts h have i e increased ed 15% c com ompo pound a annu nnualised g grow owth r rate of of dividend s sinc nce 2 2008 pence £m 120 900 800 100 700 80 600 500 60 113 400 93 87 40 300 78 58 200 43 20 39 37 31 31 100 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total dividend Pre-exceptional PBT (rhs) 5
Diver ersified ed a and s stable bu busines ess With th increase sed asse sset c t class d ss diversificati tion £bn 450 400 350 300 250 200 150 100 50 0 2011 2012 2013 2014 2015 2016 2017 Equities Fixed Income Multi-asset Private Assets & Alternatives Wealth Management 6
Commodities EMD Absolute 3% Return 8% GAIA 10% Priv rivate Asset ets Real Estate 36% & A & Alt lternativ ives Securitised Credit 14% £33.3bn AUM in new category of Private Assets and Alternatives £2.5bn net new business Infrastructure Finance Net flows well diversified by 3% investment capabilities Insurance-Linked Securities Private equity 6% 20% 7
Outlook ook Cont ontinue to inv o invest in long n long-term g growth o h oppor ortuni nities Diversifying product Expanding our Embracing opportunities offering through new geographical footprint created by latest investment expertise technology 8
Our ro ur role le in in wid ider s r socie iety Commi mmitted t to shaping f futu ture p prosp sperity - Signatory to RE100: committed to using - CAF platinum award: 29% of UK employees 100% renewable energy by 2025 support charities through payroll GAYE - CO 2 emissions per employee down 38% - £2m donated globally to charitable causes since 2015 - Signatory to the Social Mobility Pledge - Reviewing all single-use plastics and replacing with alternatives where possible - 20 years of integrating ESG into investment - 94% of employees proud to be associated with processes Schroders - Over 1,000 engagements with companies - Signatory to Women in Finance charter, target on ESG issues in 2017 33% female senior management by end 2019 - A+ rating in UN Principles for Responsible - Narrowed gender pay gap in 2017 Investing 9
Michael Dobson Chairman 10
Resolutions To receive the Report and Accounts 1) To re-elect Ian King 11) To re-elect Nichola Pease 12) To declare the Final dividend 2) To re-elect Philip Mallinckrodt 13) To approve the Remuneration report 3) To re-elect Bruno Schroder 14) To elect Sir Damon Buffini 4) To appoint Ernst & Young LLP as auditors 15) To re-elect Michael Dobson 5) To authorise the Audit and Risk Committee to determine the 16) auditors’ remuneration To re-elect Peter Harrison 6) To renew authority to allot shares 17) To re-elect Richard Keers 7) To renew authority to purchase own shares* 18) To re-elect Robin Buchanan 8) Notice of general meetings* 19) To re-elect Rhian Davies 9) * Special resolution To re-elect Rakhi Goss-Custard 10) 11
Thank you for attending the 2018 Annual General Meeting
Fo Forward l looking ng s state tements nts These presentation slides may contain forward-looking statements with respect to the financial condition, performance and position, strategy, results of operations and businesses of the Schroders Group. Such statements and forecasts involve risk and uncertainty because they are based on current expectations and assumptions but relate to events and depend upon circumstances in the future and you should not place reliance on them. Without limitation, any statements preceded or followed by or that include the words ‘targets’, ‘plans’, ‘sees’, ‘believes’, ‘expects’, ‘aims’, ‘confident’, ‘will have’, ‘will be’, ‘will ensure’, ‘likely’, ‘estimates’ or ‘anticipates’ or the negative of these terms or other similar terms are intended to identify such forward-looking statements. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by forward-looking statements and forecasts. Forward-looking statements and forecasts are based on the Directors’ current view and information known to them at the date of this statement. The Directors do not make any undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in these presentation slides should be construed as a forecast, estimate or projection of future financial performance. 13
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