Record plc
Annual results
Year ended 31 March 2020
Presentation
19 June 2020
Disclaimer
IMPORTANT INFORMATION
This document does not constitute an offer to sell or an invitation to buy shares in Record plc or any other invitation or inducement to engage in investment activities. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's current expectations and projections about future events. By their nature, forward-looking statementsinvolve a number of risks, uncertainties and assumptions that could cause actual results orevents to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The value of investments, and the income from them, may go down as well as up, and is notguaranteed. Past performance cannot be relied on as a guide to future performance. TheCompany does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any forward-looking statements, which speak only as of the date of this document.
Headlines
AUME $58.6bn (31 March 2019: $57.3bn)
Pre-tax profit £7.7m (FY19: £8.0m)
Revenue £25.6m (up 2.4% on FY19)
Basic EPS 3.26p per share (FY19: 3.27p per share)
Management fees £23.1m (FY19: £22.3m)
Performance fees £1.8m (FY19: £2.3m)
Operating profit margin 30% (FY19: 32%)
AUME1
($bn at period end)REVENUE
(£m)
Final ordinary dividend of 1.15p per share, payable 11 August
2020
Special dividend of 0.41p per share, payable 11 August 2020
Shareholders' equity £28.2m at 31 March 2020
MANAGEMENT FEES | PRE-TAX PROFIT | BASIC EARNINGS PER |
(£m) | (£m) | SHARE (pence) |
23.1
58.6
25.6
23.5
22.3
8.0
7.7
3.26
FY18
FY19
FY20
FY18
FY19
FY20
FY18
FY19
FY20
FY18
FY19
FY20
FY18
FY19
FY20
1-The definition of AUME is provided on page 31.
Agenda
Business Strategy
Product Performance
Financial performance
Growth strategy
Growth being pursued and building on strong foundations:
37 year track record - established reputation and expertise within FX market
Profitable and cash generative business model
Broad suite of products and services
High quality institutional clients and longevity of client relationships
Enhanced distribution capabilities-both internal and external
Further development of ESG/impact offerings in currency
Focus on client-led product development opportunities
Increase operational efficiency and capability through third party systems
Plan for future generational change
Maintain strong capital position to support investment and dividend policy
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Record plc published this content on 19 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2020 13:41:08 UTC