Litigation Capital Mgmt.

LIT

AU000000LCA6

Business Support Services

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Mar. 19	Litigation Capital says time is ripe for sector after profitable half	AN
Jan. 02	Panthera subsidiary notifies Indian government over Bhukia dispute	AN

Litigation Capital Mgmt : Annual Report 2023 Year ended 30 June 2023

October 10, 2023 at 12:38 am EDT

Annual Report

and Financial

Statements

2023

Litigation Capital

Management Limited

ACN 608 667 509

Our Purpose

We strive to deliver growth in our asset management business and through disciplined investment we aim

to deliver value and performance that stands out amongst our industry peers.

Litigation Capital Management Limited

Contents

Strategic Report

Our Business at a Glance	8
Chairman's Statement	10
Our Principles	12
Our Business Model	16
Group Strategies and KPIs	21
CEO Review	22
Market Overview and Outlook	27

Financial Review

Financial Review	30
Risk Management and Internal Controls	39
Sustainability Report	46

Governance

Board of Directors	49
The QCA Corporate Governance Code	51
Corporate Governance Statement	56
Directors' Report	65
Auditor's Independence Declaration	70

Financial Statements

Consolidated Statement of Profit or Loss	72
and Other Comprehensive Income
Consolidated Statement of Financial Position	73
Consolidated Statement of Changes in Equity	74
Consolidated Statements of Cash Flows	75
Notes to the Financial Statements	76
Directors' Declaration	115
Independent Auditor's Report	116
Corporate Directory	119

Annual Report and Financial Statements 2023

FY23 Highlights

Underpinned by our strong track record, we have focused on developing our asset management business to create long-term shareholder value and stand out as a market leader.

PATRICK MOLONEY

CEO

2 Litigation Capital Management Limited

A$484m

TOTAL ASSETS UNDER MANAGEMENT ($M)

For more information on total assets under management, please see page 23 of the CEO Review.

78%

12-YEAR CUMULATIVE PORTFOLIO INTERNAL RATE OF RETURN (IRR)

FY23	78%
FY22

79%


FY21	78%

1.78x

12-YEAR CUMULATIVE PORTFOLIO RETURN ON INVESTED CAPITAL (ROIC)

FY23		1.78x


FY22	1.63x


FY21	1.53x

A$176m

CAPITAL COMMITTED IN YEAR ($M)

FY23	176


FY22	104


FY21	109

A$484m

TOTAL COMMITTED PORTFOLIO ($M)

FY23	484


FY22	414
FY21

336

A$180.8m

REALISED REVENUE ($M)

FY23	180.8

FY2247.4

FY21 37.1

A$95m

CAPITAL INVESTED ($M)1

FY23	95


FY22	66


FY21	88

1. Capital deployed includes A$33.2 million related to the third party fund.

434		$106.6m	$195.9m


NUMBER OF APPLICATIONS
			$2.9m

FY23	434		$4.8m
			$19.2m

FY22	442
			$45.1m
FY21	572

$171.1m

$37.6m

 Class action  Commercial disputes

 Insolvency  Intellectual Property  Portfolio

 Recoveries  Arbitration  Competition

DIVERSIFIED PORTFOLIO BY INDUSTRY TYPE

AND CAPITAL COMMITMENT (A$M)

Annual Report and Financial Statements 2023

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Disclaimer

Litigation Capital Management Ltd. published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 04:37:22 UTC.

Latest news about Litigation Capital Mgmt.

Litigation Capital says time is ripe for sector after profitable half	Mar. 19	AN
Panthera subsidiary notifies Indian government over Bhukia dispute	Jan. 02	AN
FTSE 100 Closed Up 0.5% Despite Oil Price Drag	23-10-05	DJ
Litigation Capital Management begins AUD10 million share buyback	23-10-05	AN
Canny consumers turn to McBride; Henry Boot payout up	23-09-19	AN
Litigation Capital Management hails outcome of class action it funded	23-09-04	AN
Litigation Capital Management-backed Claimants Settle Class Action with Australian Government	23-09-04	MT
Panthera Resources Further Extends LCM Funding's Due Diligence Deadline	23-08-22	MT
Ormonde eyes AIM exit; Online Blockchain tests AI app	23-07-27	AN
LCM Shares Surge on Affirming Business Model Amid UK Court Ruling on Dispute Investments	23-07-27	MT
AIM WINNERS & LOSERS: Safestyle UK struggling amid weak demand	23-07-27	AN
Chapel Down sales pop; Serabi output rises	23-07-20	AN
FTSE Closes Tuesday Up 0.6% Lifted by Banks, Oil Stocks; Ocado Soars	23-07-18	DJ
Andrada raises GBP7.7 million; Ixico signs contract	23-07-18	AN
UK Consumers Cut Spending Amid Rising Mortgage -2-	23-07-18	DJ
UK Consumers Cut Spending Amid Rising Mortgage Rates	23-07-18	DJ
Scheme of arrangement for ECSC takeover passes	23-06-22	AN
Stocks down over worries on China's outlook	23-06-19	AN
Litigation Capital Management claimant wins award in favour	23-06-19	AN
Litigation Capital Management-backed Claimant Wins International Arbitration Case; Jumps 14%	23-06-19	MT
AIM WINNERS & LOSERS: Abingdon launches saliva-based pregnancy test	23-06-19	AN
Arecor launches Ogluo in Denmark and Sweden	23-05-15	AN
FTSE 100 Closes Higher, Outperforming European Peers, Lifted by Miners	23-05-15	DJ
Litigation Capital Management Reaches Settlement in Australian Class Action	23-05-15	DJ
Redx confirms Jounce deal lapses, Tirupati seals deal	23-04-03	AN

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Company Profile

Litigation Capital Management Limited (LCM) is an Australia-based litigation finance company. The Company is primarily engaged in providing dispute finance and risk management services. It operates through two business models: direct investments and funds/asset management. It pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. It provides funding across multiple jurisdictions and sectors. It lends its financial support to litigants seeking single-case financing and portfolio funding, and in relation to class actions, commercial claims, international arbitration and claims arising out of insolvency. Its acquisitions of claims include investments in smaller disputes through the acquisition or assignment of the underlying cause of action. Its products and services include dispute finance for companies, international arbitration, law firms, disbursement funding, adverse costs and security for costs, and enforcement funding.

Sector

Business Support Services

Calendar

2024-09-16 - Q4 2024 Earnings Release (Projected)

More about the company

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