Building Financial Services Companies

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18 Νοε 2013 (πριν από 3 χρόνια και 6 μήνες)

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Building Financial Services Companies

Philip Armstrong
, CEO •
AGM

Presentation • August 13, 2008

Disclaimer

Canadian Financial Wealth

2

66% held by affluent investors (>$1 million)

Source: Investor Economics

4

.

trillion

$

2

Competitive landscape

Established
titans

Strategic Advice

Capital

Networks

Scale

Distribution

Compliance

Legal/Action

Continuous
spirit

of innovation

Banks

Mutual Funds

Insurance

Independent
Wealth
Management
companies

Hedge
Funds

Alpha
focused asset
managers

/

products

Independent
Asset
Management
companies

ETFs

Growth ceiling

3

Grow

Acquire

Create

Strategic Advice

Capital

Networks

Scale

Distribution

Compliance

Legal

Jovian:

Building Financial Services Companies

The Jovian Advantage

Grow

4

Track Record of Growth

Client Assets

Acquire
(12)

$0.2


billion

2001

Create
(8)

Grow

$5.6


billion

2004

$15


billion

2008

5

our portfolio companies

Acquired:

November 2003*

Client assets:



Retail focused investment
firm with offices across
Canada


Professional private wealth
management solutions

$0.15


billion

$1.8

billion

2001

June 30, 2008

7

*85% owned by Jovian


Provider of unique financial
solutions for retail clients


85,000 clients across
Canada


Growing in Ontario

Established:

1968

Acquired:

2003*

Purchase price:

$6.0 million

Client assets:


$3.5


billion

$3.9

billion

2003

June 30, 2008

8

*100% owned by Jovian


Oldest independent
investment organization

in Ontario


Offices in Toronto and
Vancouver

Established:

1939

Acquired:

2004*

Purchase price:

$12.1 million

Client assets:


$0.7


billion

$1.8

billion

*
83% owned by Jovian

Client base:

primarily HNW individuals, estates
and trusts; also serve institutions, charitable
foundations and pension plans

2004

June 30, 2008

9


One of the largest private
wealth advisors in Canada


Offers financial planning and
investment advice on

a fee
-
only basis

Established:

1972

Acquired:

2003*

Purchase price:

$8.8 million

Client assets:


$0.8

billion

$2.3

billion

*
100% owned by Jovian

Client base:

HNW individuals and institutions

2003

June 30, 2008

10


Asset management
company that creates,
manages and distributes
innovative, high
-
quality
investment products

Created:

2007*

Invested capital:

$20.6 million

Client assets:


$1.7


billion

$2.5

billion

Client base:

individual investors and advisors

2007

June 30, 2008

11


Provides back
-
office and
middle
-
office services,

as well as professional
administrative services


Third party service provided
within a control environment
complete with Section 5970
Report by KPMG

Established:

2001

Acquired:

2003*

Purchase price:

$1 million

Supports
50+

customer products


with a combined asset
value of
$3.7+ billion

12

*
100% owned by Jovian


One of the largest providers
of Exchange Traded Funds
(ETFs) in Canada with over
50% of ETF trading volume
on the TSX


28 ETFs on the TSX


One of the fastest
-
growing
ETF providers in North
America

Created:

2007

Invested Capital:

$9.4 million*

Client assets:


$0


million

$1.75

billion

* 60% owned by Jovian (15% closed in escrow)

2007

June 30, 2008

13

Exchange Traded Funds (ETFs)

Canada

United States

World

5

7

funds

0

6

funds

1

funds

1

$

billion

5

$

billion

8

billion

7

1

,

1

9

7

$

9

7

0

9

Building Financial Services Companies

Financials •
July 2008

Revenue



2004

150

120

90

60

30

0

2005

2006

2007

2008

$ millions

36.4

72.9

131.8

128.4

103.9

16

Segmented Revenue

Wealth management

$xx


million

Asset management

2006

$49.6


million

2007

2008

$34.9


million

$52.1


million

$78.2


million

$96.4


million

$51.6


million

17

2006

2007

2008

EBITDA

Wealth management

$xx


million

Asset management

$xx


million

2006

$7.4


million

2007

2008

2006

2007

2008

$5.1


million

$8.0


million

$10.8


million

$18.9


million

$
-
4.0


million

18

2004

10

8

6

4

2

0

2005

2006

2007

2008

Client Assets

Asset Under Administration

Asset Under Management

$ billions

19

2008 Financial Highlights


Client assets rose 6% year
-
over
-
year to $15 billion despite difficult
financial markets


Raised $25.9 million in a private placement for 32.4 million common
shares


Graduated to the Toronto Stock Exchange from the Venture Exchange


Tailwind Financial Inc., a U.S. special purpose acquisition company,
raised approximately $100 million to fund an acquisition


Subsequent to year
-
end, entered into an agreement to increase our
ownership of BetaPro Management Inc. to 60% (15% in escrow)

20

The Jovian Advantage

Strategic Advice

Capital

Networks

Scale

Distribution

Compliance

Legal

Acquire

Create

Grow

21

Building Financial Services Companies

Philip Armstrong
, CEO •
AGM

Presentation • August 13, 2008