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    LIT   AU000000LCA6

LITIGATION CAPITAL MGMT.

(LIT)
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Litigation Capital Mgmt : July 2021 Market Update

07/19/2021 | 03:29am EDT

Leading international alternative asset manager specialising in disputes financing

Market Update

July 2021

Litigation Capital Management Limited ACN 608 667 509

Alternative asset manager specialising in disputes financing

2 3

Industry

237 completed

Experienced

pioneer

investments

team

One of the pioneers of

237 separate case

LCM's Executives and

the litigation funding

investments completed

Investment Managers

industry with 23 years

since inception with

are some of the most

of experience

only 11 resulting in a

experienced in the

loss

industry globally

Geographic

Unparalleled

footprint

track record

Offices spanning

Financial performance of

Sydney, Singapore,

entire portfolio over the

London, Melbourne

past 10 years generated

and Brisbane

IRR of 78% & ROIC of

153%, inclusive of losses

Growing Asset Management

LCM's first funds management pool of US$150m largely committed and second fund well advanced

2

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

$108m

applications

572

Capital invested2

$86m

Applications

Capital committed

Capital invested

FY21

FY21

108

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

86 FY21 336

FY20 250

FY19 138

3

1 Capital committed in year represents new commitments signed up

2 Capital invested into litigation projects during the year inclusive of third party funds. The 30 June 2021 position reflects the best preliminary estimate and is not final

Maintaining performance through disciplined investment

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

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

Current portfolio of direct investments

Balances as at

30 June 2021

(A$ millions)

$105 million

Direct 100% investment2 portfolio

$76 million3

LCM direct co-investment4

$98 million5

Funded

$83 million5

to be invested

Portfolio by industry sector

(estimated A$ capital commitment)¹

1%

12%

21%

14%

13%

39%

Commercial Disputes - $21m

Insolvency - $25m

Class Action - $71m

Portfolio - $23m

Arbitration - $39m

Acquisition of claims - $2m

Portfolio by industry sector

(number of projects)

8 8

8

11

4 11$34

Commercial Disputes - 16%

Insolvency - 16%

Class Action - 22%

Portfolio - 8%

Arbitration - 22%

Acquisition of claims - 16%

Portfolio by region

(estimated A$ capital commitment)¹

$25

46%

54%$95

APAC - $84m

EMEA - $97m

1 Capital commitment denotes the total estimated budget of the portfolio of investments as at 30 June 2021 converted to AUD as at the date of litigation funding agreement

5

2

Direct investment denotes the Group's investments made 100% on-balance sheet

3 US$54 million

4 Co-investment denotes the Group's direct investment into the matters funded together with the LCM Global Alternative Returns Fund, exclusive of any investments concluded and written off

5

The 30 June 2021 position reflects the best preliminary estimate and is not final

Disclaimer

Litigation Capital Management Ltd. published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 07:28:01 UTC.


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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
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