SCHRODERS PLC SCHRODERS PLC
ANNUAL GENERAL MEETING
25 April 2024
Welcome to the 2024 Annual General Meeting
Marketing material for professional clients only.
SCHRODERS PLC
ANNUAL GENERAL MEETING
25 April 2024
Dame Elizabeth Corley
Chair
SCHRODERS PLC
ANNUAL GENERAL MEETING
25 April 2024
Peter Harrison
Group Chief Executive
Resilient top line performance and strong cost discipline
Operating profit impacted by FX and share of profits from associates and JVs
2023 | 2022 | |
Net operating income (£m) | 2,419.0 | 2,475.5 |
Operating expenses (£m) | (1,758.0) | (1,752.5) |
Operating profit (£m) | 661.0 | 723.0 |
AUM (£bn) | 750.6 | 737.5 |
Net new business excl. joint ventures and | 9.7 | (1.6) |
associates (£bn) | ||
Basic operating EPS (pence) | 32.5 | 37.4 |
Dividend per share (pence) | 21.5 | 21.5 |
Strategic growth areas generated
NNB of £23.4bn,
nearly double 2022
Strong discipline on cost management continues
Evolving our operating model to reshape for future growth
Operating expenses £m
+0%
1,752.51,758.0
631.3645.6
1,121.21,112.4
2022 | 2023 | |
Compensation costs | Non-compensation costs | |
Managing our cost base
2023 operating expenses stable despite increased scale, acquisitions and inflationary pressures
Continued focus on organic growth
Invested £86.2m to progress cost efficiency initiatives
Executing on our strategic transformation
Our strategic | ||||
areas of | ||||
focus have | ||||
grown from | ||||
35% of our | … to 56% | |||
AUM… | ||||
2023 | of our AUM | |||
2016 | ||||
£453.6bn | ||||
£750.6bn |
Wealth | Private Markets | Solutions | Public Markets | |||
Management | ||||||
Operating revenue contribution up from
31% in 2016 to
48% in 2023
Strategic priorities driving growth
Differentiated strategy to pivot to higher longevity areas
AUM and compound annual growth rate (CAGR) by business £bn
250 | 30% | |||||
228.3 | 237.7 | |||||
200 | ||||||
150 | 20% | |||||
17% | ||||||
16% | ||||||
13% | ||||||
100 | 110.2 | |||||
108.2 | 10% | |||||
50 | 66.2 | 7% | ||||
0 | 1% | 0% | ||||
Wealth Management | Private Markets | Solutions | Public Markets | JVs and associates |
7-year AUM CAGR
Moving forward
Sustainability
'A' rated by | |
CDP | 6,700+ |
‒ top 2% of | engagements |
companies | with investee |
for action and | |
companies | |
transparency on | |
climate change | |
#1 financial | |
On track to | institution in |
Forest 500 | |
meet temperature | |
alignment goals | report for our |
action | |
on deforestation | |
Employee proposition
#1 | Employee |
Choice | |
non-US firm | |
Award in | |
in NMG brand | 2023 |
rankings | by Glassdoor |
Set 2030 | Volunteer hours |
I&D aspirations | up 46% |
Innovation
Launched | 80+ distinct use |
cases of our AI | |
industry first | |
tool | |
LTAFs | |
Genie | |
Tokenisation | Awarded |
partnership with | contracts to |
Monetary | finance |
low-carbon | |
Authority of | |
hydrogen | |
Singapore | |
production | |
2024 and beyond
Continue our pivot to areas of
strategic growth
Focused on maintaining cost discipline to support growth
Launch of £250m Tier 2
subordinated debt
Forecast for global markets and
economy remain mixed
SCHRODERS PLC
ANNUAL GENERAL MEETING
25 April 2024
Dame Elizabeth Corley
Chair
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Schroders plc published this content on 01 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 10:07:24 UTC.
