Interim results for six months to 31 March 2021
The specialist asset manager focused on a more sustainable economy
Agenda
- Highlights and Business update
- Financial update
- Background to the Company
Ian Simm | Charlie Ridge |
Founder & Chief Executive | Chief Financial Officer |
2
H1 2021 highlights
AUM increased | Strong investment | Completed | Solid platform for |
49% to £30.0bn1 | performance and | integration of | |
further expansion | |||
record net inflows | Pax World | ||
of £6.8bn | Management |
1As at 31 March 2021. Assets under advice represent ~2% of total AUM.
3
Financial performance1
FINANCIAL HIGHLIGHTS
Revenue (£m)
60.6
46.3
41.2
ASSETS UNDER MANAGEMENT (£bn)²
H1 2021 | 30.0 | |
H2 2020 | 20.2 | |
H1 2020 | 14.4 | |
£32.2bn AUM
as at
30 April 2021
Adjusted
20.7
SHAREHOLDERS' EQUITY (£m)
operating12.8 profit (£m)³
10.5
18.7
Adjusted profit 12.1 before tax (£m)
10.1
2021 H1
H1 2021
H2 2020
H1 2020
DIVIDEND PER SHARE (pence)
81.1
71.5
63.2
Adjusted diluted
11.8
2020 H2
20213.6
earnings per 8.2 share (p)
6.3
2020 H1
2020 | 1.8 | 6.8 |
8.6
1Adjusted results are shown after removing the effects of changes in Contingent Consideration, ongoing amortisation of intangi bles acquired and mark-to-market effects of National Insurance on equity award schemes. A reconciliation of the International Financial Reporting Standards (IFRS) and adjusted KPIs is provided in note 3 of the financial statements. 2Assets under management and advice. 3Revenue less adjusted operating costs.
4
Attractive market context
- Drivers strengthening transition to a more sustainable economy
- Policy announcements e.g. Biden infrastructure; UK decarbonisation
- Pressure on oil/gas companies to reduce exploration capex
- "Build back better" and the economic and social challenges following COVID-19
- Expanding investment opportunities
- Demand growing rapidly e.g. energy efficiency, air pollution control, water treatment
- Continued sustained out-performance of Environmental Markets vs global indices
- Secular trend: allocations by asset owners accelerating
- Rising interest in "ESG"; motivated by compelling growth, risk management and "values"
- Impax well positioned
- Authenticity and strong brand built over 22+ years
- Large, stable team with compelling investment track record
- Proven distribution network, client relationships & scalable business model
5
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Impax Asset Management Group plc published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 08:16:06 UTC.