Results for the financial year ended 31 December 2021
Performance and net inflows drive strong growth
01 March 2022
- Assets under management (AUM) increased by 20% to $148.6 billion (31 December 2020: $123.6 billion)
- Positive investment performance of $12.5 billion (2020: $3.3 billion)
- Net inflows of $13.7 billion (2020: $1.8 billion)
- Negative FX and other impacts of $1.2 billion (2020: positive $0.8 billion)
- Core earnings per share (EPS)1 increased by 139% to 38.7¢ (2020: 16.2¢)
- Core management fee EPS1 increased by 52% to 15.7¢ (2020: 10.3¢)
- Core performance fee EPS1 increased by 290% to 23.0¢ (2020: 5.9¢)
- Statutory EPS (diluted) increased by 263% to 33.8¢ (2020: 9.3¢)
- Asset weighted investment performance versus peers across our strategies of +1.9% (2020: -1.0%)
- Run rate net management fee revenue of $939 million at 31 December 2021 (2020: $815 million)
- Balance sheet strength and liquidity position support long-term growth prospects
- Recommended final dividend of 8.4¢ per share, which implies a total dividend of 14.0¢ per share for 2021 (2020: 10.6¢ per share)
- At 25 February 2022 we had completed $88 million of the $250 million share buyback announced in December 2021
Luke Ellis, Chief Executive Officer of Man Group, said:
“2021 was an exceptionally strong period of growth for the firm. We ended the year with record assets under management, having delivered $12.5 billion of positive investment performance for our clients and recorded net inflows of $13.7 billion into both alternative and long-only strategies. Core earnings per share increased by 139% from a solid outcome in 2020, driven by significant management fee growth, material performance fees, and the operating leverage in our business facilitated by our technology capabilities.
“These results demonstrate the potential of the firm we have built and its ability to deliver growth. Our diversified range of products and longstanding client relationships, combined with our diverse talent pool and cutting-edge technology, define Man Group, underpin our strategy and give me great confidence in our ability to continue to deliver value for our clients and shareholders.”
1. For definitions and explanations of our alternative performance measures, please refer to page 51 to 56 of the press release.
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