StatPro Proactive Investors One2One Forum December 2010

Transcription

1 Click to edit Master title style StatPro Proactive Investors One2One Forum December

2 A Platform for Portfolio Analytics Valuations & Research 2

3 StatPro History Established 1994 Employees 250+ Clients 250+ Revenue in million (up 16%) H million (up 7%) Profit* in million (up 48%) H million (up 6%) Recurring Revenue million (June 2010) Recognised leader in Performance and Risk *Adjusted profit before tax 3

4 Worldwide Offices 4

5 Portfolio Analysis Why do we need it? Manage your portfolio better Win new investors Transparency for investors (Madoff!) Comply with Regulations 5

6 The Asset Management Market Place Key Facts There are about $90 Trillion under management 30% is managed by just 25 companies! 30% is managed by companies with <$1 billion StatPro s Traditional Market The top 1,000 asset managers >$5 billion Assets under Management (AUM) 14 of the top 20 asset managers are clients 6

7 Market Size for Portfolio Analytics Category BY AUM Approximate Number of Asset Managers Potential Budget* for Analytics Systems > 1 Trillion Dollars** 25 $300m > 200 and 1,000 Billion Dollars** 150 $400m > 50 and 200 Billion Dollars** 300 $600m > 5 and 50 Billion Dollars # 500 $800m > 1 and 5 Billion Dollars # 3,000 $1,000m < 1 Billion Dollars # 25,000+ $3,000m Total approximately 30,000+ $6,100m+ * Estimate that excludes people, data, back and front office systems ** Source Watson Wyatt # Estimate by StatPro from various sources 7

8 The technical challenge for analytics The traditional approach Install the software with clients Offer annual upgrades The problem It is a slow process Over time, you get the software grid of death The solution SaaS* allows scalability Rapid deployment 8 *Software as a Service

9 The Opportunity with SaaS New markets for StatPro Revolution Gatekeepers Custodians, Wealth Managers Smaller asset managers with limited solutions The front office of existing clients New territories Asia, South America 9

10 Addressing this Market It is good to have a large market, but how do you access it? The product must be : Easy to use Easy to deploy Easy to support Have superb analytics Be affordable and in the Cloud The business model must be adapted to the market 10

11 Statpro Revolution is Data Analysis Presentation Publish Research per portfolio per month 11

12 The Strategy for Revolution Data Focus on Gatekeepers Custodians Software Vendors Data Vendors Quick wins from our existing asset management clients Revolution will not cannibalise existing revenue Build market awareness Build the StatPro shop with third party services Data suppliers Software suppliers 12

13 The Current Situation Revolution free public beta started on July 2010 Over 200 companies have signed up First client is a global custodian bank Data Potential portfolios 3, probably have between portfolios Revolution goes live on February 2011 StatPro has 250 clients that we can integrate with it We are focusing on Gatekeeper & distributor prospects 13

14 Our Objective Revolution will become a Platform for analytics Open to any supplier Open to any asset manager Data Collaboration and transparency will be simple Analytics will be affordable 14

15 Appendix 15

16 Financial Highlights of H

17 Financial and Operational Highlights H

18 Growth in Revenue 18

19 Adjusted Operating Profit 19

20 Free Cash Flow 20

21 Revolution Screenshots Revolution screenshot: Dashboard Overview 21

22 22 Revolution screenshot: Equity Attribution Overview

23 23 Revolution screenshot: Contribution Overview

24 StatPro Shareholders Shareholder Name (* - Director) Amount % Holding JMBT Wheatley * 7,159, Herald Investment Trust 6,981, AXA Framlington 6,638, Liontrust Asset Management 4,576, Artemis Investment Management 3,897, Strategic Equity Capital 2,627, MC Adorian * 2,520, Freefloat 50.7% 24

25 StatPro Board Justin Wheatley Group Chief Executive Justin, 45, began his career with Micropal in In 1991 he set up an agency to sell Micropal products in Switzerland and from there grew the business by expanding it in France and Luxembourg. In 1994, he founded StatPro to develop portfolio analysis software systems. In 1999 he sold off the Micropal agency to raise 1.7m to fund StatPro's growth and in May 2000 he floated StatPro by raising 5.0 million to build up StatPro's international expansion. Since flotation Justin has led several secondary fund raisings, acquired 10 businesses and disposed of two business units. He has day to day responsibility for the Group. Carl Bacon CIPM (123) Non-Executive Chairman Carl, 47, was appointed Chairman in Previously he worked as Director of Risk Control and Performance at F&C Investment Management Limited and prior to that was Vice President - Head of Performance at J P Morgan Investment Management Inc. He is a founder member of both the Investment Performance Council and GIPS, a member of the GIPS Executive Committee, chair of the Verification Sub-Committee, a member of the UK Investment Performance Committee and a member of the Advisory Board of the Journal of Performance Measurement. Carl is also the author of "Practical Portfolio Performance Measurement & Attribution". Andrew Fabian FCA FCT Group Finance Director Andrew, 48, was appointed Finance Director in Prior to joining StatPro, he was Group Financial Controller at William Baird PLC. Andrew has significant experience in the financial services sector, both through senior finance roles at William Baird PLC and De La Rue plc, and also through advising financial institutions as a management consultant at Deloitte & Touche. Andrew is a chartered accountant and qualified corporate treasurer. He is a Fellow of both the ICAEW and the Association of Corporate Treasurers and served for three years on the ACT's governing council. Andrew is responsible for the finance and operations functions at StatPro. 25

26 StatPro Board Charles Fairbairn ACA (123) Non-Executive Director Charles, 47, has many years' experience in the media sector and in growing entrepreneurial companies. He is currently a director of a number of private companies. He has been a non-executive director of many other AIM listed companies, including Research Now plc that was sold in Previously he worked for Pearson plc, both as finance director of Pearson New Entertainment Limited, a start-up division with interests in computer publishing which was sold to Apax Partners in 1998 for 142 million, and as Group Chief Accountant. Charles chairs the Group's Audit Committee. Mark Adorian (123) Non-Executive Director Mark, 47, was appointed to the Board in He was previously Managing Director of Standard & Poor's Fund Services. Mark co-founded Micropal, the global fund performance analysis company in 1986, becoming their Sales & Marketing Director in In 1992 he became Managing Director of Micropal, and subsequently in 1997 negotiated the sale of Micropal to Standard & Poor's, a division of the McGraw-Hill Companies. Between 1999 and 2001, Mark was Managing Director of Standard & Poor's Fund Services, a business created through merger of Micropal together with two existing Standard & Poor's businesses and another acquisition. His specific responsibilities included the global development of the enlarged entity. Mark chairs the Group's Nominations and Remuneration Committees. Stuart James Clark (1) Non-Executive Director Stuart, 62, was appointed to the Board in September He has been employed in the financial information industry since From 1995 to 2009 Stuart held various senior positions at Interactive Data Corporation ("IDC") and served as a member of the board of directors from 2000 to As President and CEO from 2000, Stuart led the business through nine years of continuous and strong growth, with revenues more than doubling to US$750 million with profitability and cash flow growing more than threefold. IDC consistently outperformed the market in growth over that period and, at around 30%, had close to the highest EBITA margin amongst major comparable players in its industry. Stuart is also nonexecutive chairman of Ipreo Holdings LLC. 26