Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Litigation Capital Mgmt.
  6. News
  7. Summary
    LIT   AU000000LCA6

LITIGATION CAPITAL MGMT.

(LIT)
SummaryQuotesChartsNewsCalendarCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Litigation Capital Mgmt : 2021 Full Year Results Presentation

09/21/2021 | 03:32am EDT

Full year results Presentation 2021

Litigation Capital Management Limited ACN 608 667 509

Sustained growth & strong financials in disrupted market conditions

H

i g h l i g h t s - F Y 2 1

Adjusted profit

Boost in investment performance increasing adjusted net profit by 47%

before tax1

Applications

Applications across all regions increased by 10% despite disruption caused by COVID-19

Assets under

Increased total investment commitments to $336m by 30 June

management

Capital invested

YoY increase demonstrates ability to put capital to work. Total capital invested increased by 69%2

Funds under

Fund I Committed 77% by September. Imminent first close on Fund II with target of US$300m

Management

Consistent

Maintaining our strong track record with 10-year cumulative IRR of 78% and cumulative ROIC of 153%,

performance

inclusive of losses

Capital structure

Increased flexibility with additional capital to facilitate growth of direct investments and fund investments

2 1 FY ended 30 June 2021 inclusive of third-party funds. Excluding third-party funds, adjusted profit before tax increased by 42% 2 FY ended 30 June 2021 inclusive of third-party funds. Excluding third-party funds, capital invested increased by 17%

Building scale

G r o w t h i n o p p o r t u n i t y

I n c r e a s e d i n v e s t m e n t

Capital committed in year 1

Number of

$109m

applications

572

Capital invested2

$88m

Applications

Capital committed

Capital invested

FY21

FY21

109

FY21

572

FY20

522

FY20

147

FY20

52

FY19

419

FY19

98

FY19

28

S u s t a i n e d g r o w t h

Total assets under management

$336m

AUM

88 FY21 336

FY20 250

FY19 138

3

1 Capital committed in year represents new commitments signed up

2 Capital invested into litigation investments during the year inclusive of third party funds

Maintaining performance through disciplined investment

  • LCM has maintained its high investment return metrics whilst building scale
  • Increased the return on invested capital
  • Maintained internal rate of return over 10 years
  • Continued the discipline in undertaking due diligence and risk management of applications
  • Ten year performance metrics include all investments, inclusive of losses

10-year cumulative portfolio ROIC of

153%1

9-year ROIC 134%

10-year cumulative portfolio IRR of

78%1

9-year IRR 78%

Conversion of applications to investments

3%

FY20 3.5%

4

1 Over the last 10 years (FY12 to FY21, inclusive of losses)

Full year results highlights

- e x c l u s i v e o f t h i r d - p a r t y f u n d ( $ A )

FY 2021

FY 2020

Change %

Gross revenue from resolution of

$36.3m

$35.8m

1%

investments1

Gross profit

$26.1m

$21.7m

20%

Adjusted profit before tax2

$15.8m

$11.1m

42%

Statutory profit before tax2

$13.1m

$9.2m

41%

Cash3

$35.5m

$24.9m

42%

Investments at cost as at end of

$88.6m

$51.8m

71%

financial period4

Total capital invested5

$48.5m

$41.3m

17%

1 Gross revenue from the resolution of investments does not include performance fees 2 FY ended 30 June 2021 exclusive of third-party funds

3 At balance sheet date and exclusive of third-party funds - FY ending 30 June 2021 and exclusive of borrowings

5 4 At balance sheet date and represented as Contract Cost in the Statement of Financial Position exclusive of third-party interests 5 Capital invested into litigation investments during the year exclusive of third-party funds

Note: Accounts prepared on historical cost basis, LCM does not adopt fair value accounting

Gross Revenue from investments1

$36.3m

Increase in Statutory PBT2

41%

Increase in Adjusted PBT2

42%

Disclaimer

Litigation Capital Management Ltd. published this content on 20 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 07:31:06 UTC.


© Publicnow 2021
All news about LITIGATION CAPITAL MGMT.
10/20LITIGATION CAPITAL MGMT : Lcm and hfw achieve a first for singapore
PU
10/07LITIGATION CAPITAL MGMT : TREASURY CONSULTATION REQUEST – CHANGES TO LAWS AFFECTING ..
PU
09/28LITIGATION CAPITAL MGMT : The use of litigation finance in disputes along china's belt and..
PU
09/22LITIGATION CAPITAL MGMT : UNFAIR PREFERENCE CLAIMS AND THE “SET-OFF” DEFENCE
PU
09/22LITIGATION CAPITAL MGMT : FUNDING FUNDAMENTALS – OVERVIEW OF FUNDING FOR INSOLVENCY ..
PU
09/21FTSE 100 Roars Back on Tuesday, Driven by M&A Prospects
DJ
09/21Miners' FTSE 100 Top Spot Isn't Expected to Last
DJ
09/21LITIGATION CAPITAL MGMT : Annual Report 30 June 2021
PU
09/21LITIGATION CAPITAL MGMT : 2021 Full Year Results Presentation
PU
09/21FTSE Rises, Stagecoach Shares Motor Ahead on Takeover Talk News
DJ
More news
Chart LITIGATION CAPITAL MGMT.
Duration : Period :
Litigation Capital Mgmt. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LITIGATION CAPITAL MGMT.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Managers and Directors
Patrick Moloney Chief Executive Officer & Executive Director
Mary Gangemi Chief Financial Officer
Jonathan P. Moulds Non-Executive Chairman
Susanna Taylor Head-Investments APAC
David William King Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
LITIGATION CAPITAL MGMT.80.30%106
CINTAS CORPORATION20.76%44 137
TELEPERFORMANCE SE32.88%24 629
BUREAU VERITAS SA24.59%14 248
EDENRED SE5.24%14 153
LG CORP.-1.44%12 802