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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Disclaimer

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