Allfunds : 3Q – KPIs

INDEX

ALLFUNDS GROUP PLC
Trading update 3Q 2022
INDEX
1	3Q Trading Update
2	Quarterly flows

3Q Trading Update

Figures in EUR bn, unless otherwise stated	3Q 2022	2Q 2022	3Q 2022 QoQ (%)	1Q 2022	3Q 2022 YTD	FY 2021	3Q 2022 YTD (%)	3Q 2021	3Q 2022 YoY (%)
AuA EoP	1,290.5	1,300.9	(0.8	1,404.8	1,290.5	1,494.5	(13.7)%	1,412.5	(8.6)%
Platform service (1)	895.3	915.3	(2.2)%	996.6	895.3	1,055.1	(15.1)%	914.5	(2.1)%
Dealing & Execution(2)(4)	395.2	385.6	2.5%	408.2	395.2	439.4	(10.1)%	498.0	n.m.(4)
Platform service
Market performance	(15.7)	(76.4)	(56.1)	(148.2)	77.8	0.7
Net flows	(4.3)	(5.0)	(2.4)	(11.7)	150.4	32.7
Flows from existing clients	(13.7)	(11.5)	(12.8)	(38.0)	83.9	19.9
Flows from new clients (migrations)	9.4	6.6	10.4	26.3	66.5	12.8
Net flows as a % of BoP AuA (3)	(0.5	(0.5	(0.2	(1.1)%	20.2%	3.7%
Net flows as a % annualised of BoP AuA	(1.9)%	(2	(0.9	(1.5)%	14.9%
Dealing and Execution
D&E variation (5)	9.6	(22.6)	(31.1)	(44.2)	26.9	30.6
of which D&E migrations	7.9	-	-	7.9	-	-
D&E variation as a % of BoP AuA(5)	2.5%	(5.5)%	(7.1)%	(10.1)%	6.5%	6.6%
Note: AuA refer to Assets under administration at End of Period ("EoP") 30 September 2022
(1) Platform service AuA includes Allfunds standalone, acquisitions of Nordic Funds market, CS Investlab, BNPP Local paying agent business and BNPP Wealth management platform business.
(2) AuA for which we provide only Dealing & Execution services.
(3) Calculated as the sum of flows from existing clients and from new clients over Allfunds total AuA only as of beginning of period. For any Q 2022, beginning of period is considered previous quarter (i.e. for Q3, it is 30 June 2022 amounting to €915 billion); for YTD, it is considered 31 December 2021 (amounting to €1,055 billion).
(4) Dealing and Execution AuA as of 30 September 2021 amounted to €419.8bn on a like-for-like basis. The figure shown in the table for 3Q 2021, which is the public data, includes the portion of assets migrated during 2021 into Allfunds platform as a result of BNP Acquisition that were reclassified by the end of the year into the platform service AuA.
(5) Variation coming from Dealing and Execution portfolio refers to market performance, flows from existing clients and flows from new clients (migrations). Percentage calculated as total D&E variation over Dealing & execution AuAs as of beginning of period (for any Q, it is considered previous quarter; for 3Q 2022, considering €386bn as of 30 June 2022; for YTD, it is 31 December 2021, amounting to €439 billion).

Quarterly flows

2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	FY
Organic AuA (EoP)	57	59	60	52	55	55	61	66	75	81	81	92	95	99	109	109	121	136	147	159	159	192	202	198	215	215	208	214	229	253	253	271	288	335	359	359	362	370	376	349	349	370	381	399	443	443	494	553	580	746 Silvia Rios: Allfunds: Acquisition of BNP LPA business	746	823	881	914	974	1,055	997	915	895	895
Flows from existing clients	20.3	1.3	-1.2	-4.8	-1.7	-6.4	2.5	3.5	5.8	4.2	16.0	6.9	3.6	1.8	4.3	16.6	7.9	8.5	6.6	8.0	31.1	16.9	10.4	3.7	8.8	39.8	-0.6	1.8	6.7	3	10.7	10.7	16.0	10.8	12.7	50.2	8.5	2.0	0.6	-7.9	3.2	-3.8	-3.5	0.9	6.0	-0.3	-11.7	7.7	7.9	24.2	28.0	26.0	25.3	19.9	12.7	83.9	-12.8	-11.5	-13.7	-38.0
Migrations (flows from new clients)	1.8	2.1	1.2	1.9	7.0	0.9	1.3	0.9	0.8	3.9	1.8	1.4	0.9	3.5	7.6	2.0	2.5	2.2	1.1	7.9	0.9	5.0	3.3	1.6	10.8	-0.7	2.0	1.9	17	20.0	0.7	1.7	34.4	6.3	43.2	2.0	2.0	2.7	4.2	11.0	0.1	9.8	9.1	17.2	36.3	9.1	6.1	6.6	12.9	34.8	27.5	6.7	12.8	19.5	66.5	10.4	6.6	9.4	26.3
Market effect	4.6	-0.9	-0.6	-4.1	2.5	-3.1	3.1	-0.2	2.5	0.9	6.2	2.9	-2.7	1.8	2.4	4.5	1.6	3.6	3.0	2.8	11.0	15.0	-5.3	-11.2	7.1	5.6	-6.0	2.4	5.5	5	6.9	6.8	-1.3	2.6	4.2	12.2	-7.2	3.9	2.5	-23.2	-24.0	24.7	5.0	7.4	11.9	49.0	-68.2	44.5	11.6	32.2	19.9	23.1	26.2	0.7	27.8	77.8	-56.1	-76.4	-15.7	-148.2
Acquired AuA	9	123	-2	1	1	486	412	458	467	498	520
NFM	9 Silvia Rios: Allfunds: Acquisition of NFM	-2	1	1	1	2
CS InvestLab	123 Silvia Rios: Allfunds: Acquisition of CS Investlab 1
BNP Local Paying Agent business	96
BNPP	486 Silvia Rios: Allfunds: Acquisition of BNP Third-party and FDS book	412	458	467	498	520
Assets migrated during 2021 as a result of BNPP deal	80.6
D&E AuA	439	408	386	395	395
Flows from existing clients	-0.2	-0.2
Migrations (flows from new clients)	7.9	7.9
Market effect	-0.1	-0.1
D&E variation	27	-31.1	-22.6	2.0	-51.7
AuA (including M&A)	566	494	553	580	1,232	1,159	1,280	1,348	1,412	1,494	1,494	1,405	1,301	1,290	1,290
Organic AuA growth rate	-4.5%	48.0%	35.6%	45.6%	35.3%	17.5%	41.7%	-2.7%	27.0%	46.8%	41.4%
Annual growth rate (including M&A)	62.2%	104.7%	29.0%
Net flows as a % BoP AuA	5%	1%	-6%	0%	1%	6%	8%	10%	7%	37%	11%	5%	3%	8%	30%	9%	9%	6%	6%	36%	11%	8%	3%	5%	32%	-1%	2%	4%	9%	14%	4%	7%	16%	6%	37%	3%	1%	1%	-1%	4%	10%	-1%	3%	3%	6%	14%	7%	4%	4%	4%	20%	-0%	-0%	-0%
Flows from existing clients	2%	-2%	-8%	-3%	-11%	5%	6%	9%	6%	29%	8%	4%	2%	4%	21%	7%	7%	5%	5%	28%	11%	5%	2%	4%	25%	-0%	1%	3%	1%	5%	4%	6%	4%	4%	20%	2%	1%	0%	-2%	1%	-1%	-1%	0%	1%	-0%	-3%	2%	1%	4%	6%	3%	3%	2%	1%	11%	-1%	-1%	-1%
Migrations	3%	4%	2%	4%	12%	2%	2%	1%	1%	7%	2%	2%	1%	3%	9%	2%	2%	2%	1%	7%	1%	3%	2%	1%	7%	-0%	1%	1%	7%	9%	0%	1%	12%	2%	17%	1%	1%	1%	1%	3%	0%	3%	2%	4%	10%	2%	1%	1%	2%	8%	4%	1%	1%	2%	9%	1%	1%	1%
Market effect	-2%	-1%	-7%	5%	-5%	6%	-0%	4%	1%	11%	4%	-3%	2%	2%	6%	1%	3%	2%	2%	10%	9%	-3%	-6%	4%	4%	-3%	1%	3%	2%	3%	3%	-0%	1%	1%	5%	-2%	1%	1%	-6%	-7%	7%	1%	2%	3%	14%	-15%	9%	2%	6%	5%	3%	3%	0%	3%	10%	-5%	-8%	-2%
Note 1:
In Q1 2020, assets from acquisitions (NFM and CS Investlab) were included in organic AuA. The same way, in Q4 2020, assets from the BNP Local paying agent business were consolidated in organic AuA
Source: Allfunds
Market indexes performance
MSCI World (MXWO)	1,280.1	1,335	1,331	1,104	1,183	1,182.6	1,312	1,236	1,312	1,339	1,338.5	1,435	1,434	1,544	1,654	1,654.2	1,674	1,743	1,698	1,710	1,709.7	1,741	1,736	1,582	1,663	1,662.8	1,648	1,653	1,726	1,751	1,751.2	1,854	1,916	2,001	2,103	2,103.5	2,067	2,089	2,184	1,884	1,883.9	2,108	2,178	2,180	2,358	2,358.5	1,853	2,202	2,367	2,690	2,690.0	2,805	3,017	3,007	3,232	3,231.7	3,097	2,546	2,379
% growth	4%	-0%	-17%	7%	-7.6%	11%	-6%	6%	2%	13.2%	7%	-0%	8%	7%	23.6%	1%	4%	-3%	1%	3.4%	2%	-0%	-9%	5%	-2.7%	-1%	0%	4%	1%	5.3%	6%	3%	4%	5%	20.1%	-2%	1%	5%	-14%	-10.4%	12%	3%	0%	8%	25.2%	-21%	19%	8%	14%	14.1%	4%	8%	-0%	7%	20.1%	-4%	-18%	-7%
Stoxx Europe 600 (SXXP)	277.0	276	273	226	245	244.5	263	251	268	280	279.7	294	285	310	328	328.3	334	342	343	343	342.5	397	381	348	366	365.8	338	330	343	361	361.4	381	379	388	389	389.2	371	380	383	338	337.7	379	385	393	416	415.8	320	360	361	399	399.0	430	453	455	488	487.8	456	407	388
% growth	-0%	-1%	-17%	8%	-11.7%	8%	-5%	7%	4%	14.4%	5%	-3%	9%	6%	17.4%	2%	2%	0%	-0%	4.4%	16%	-4%	-9%	5%	6.8%	-8%	-2%	4%	5%	-1.2%	5%	-0%	2%	0%	7.7%	-5%	2%	1%	-12%	-13.2%	12%	2%	2%	6%	23.2%	-23%	13%	0%	11%	-4.0%	8%	5%	0%	7%	22.2%	-7%	-11%	-5%
S&P 500 (SPX)	1,257.6	1,326	1,321	1,131	1,258	1,257.6	1,408	1,362	1,441	1,426	1,426.2	1,569	1,606	1,682	1,848	1,848.4	1,872	1,960	1,972	2,059	2,058.9	2,068	2,063	1,920	2,044	2,043.9	2,060	2,099	2,168	2,239	2,238.8	2,363	2,423	2,519	2,674	2,673.6	2,641	2,718	2,914	2,507	2,506.9	2,834	2,942	2,977	3,231	3,230.8	2,585	3,100	3,363	3,756	3,756.1	3,973	4,298	4,308	4,766	4,766.2	4,530	3,785	3,586
% growth	5%	-0%	-14%	11%	-0.0%	12%	-3%	6%	-1%	13.4%	10%	2%	5%	10%	29.6%	1%	5%	1%	4%	11.4%	0%	-0%	-7%	6%	-0.7%	1%	2%	3%	3%	9.5%	6%	3%	4%	6%	19.4%	-1%	3%	7%	-14%	-6.2%	13%	4%	1%	9%	28.9%	-20%	20%	8%	12%	16.3%	6%	8%	0%	11%	26.9%	-5%	-16%	-5%
Bloomberg Barclays Global Aggregate Index (LEGATRUU) Silvia Rios: Allfunds: The Bloomberg Barclays Global Aggregate Index is a flagship measure of global investment grade debt from twenty-four local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. (Future Ticker: I00038US)	Silvia Rios: Allfunds: Acquisition of BNP Third-party and FDS book	Silvia Rios: Allfunds: Acquisition of BNP LPA business	Silvia Rios: Allfunds: Acquisition of NFM	Silvia Rios: Allfunds: Acquisition of CS Investlab 1	422.8	428	441	446	447	446.7	451	453	468	466	466.0	456	443	456	454	453.9	465	476	461	457	456.5	448	442	446	442	442.1	468	482	486	451	451.4	459	471	480	485	484.7	491	478	473	479	478.9	489	506	509	512	511.7	510	527	541	559	558.7	534	541	536	532	532.4	500	458	427
% growth	1%	3%	1%	0%	5.6%	1%	1%	3%	-0%	4.3%	-2%	-3%	3%	-0%	-2.6%	2%	2%	-3%	-1%	0.6%	-2%	-1%	1%	-1%	-3.2%	6%	3%	1%	-7%	2.1%	2%	3%	2%	1%	7.4%	1%	-3%	-1%	1%	-1.2%	2%	3%	1%	0%	6.8%	-0%	3%	3%	3%	9.2%	-4%	1%	-1%	-1%	-4.7%	-6%	-8%	-7%
Source: Bloomberg