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

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

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.