Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, ...

Sprott, Inc. (NYSE:SII) Q3 2023 Results Conference Call November 1, 2023 10:00 AM ET Company Participants Whitney George - CEO & Director Kevin Hibbert - CFO John Ciampaglia - CEO of Sprott Asset Management Conference Call Participants Mike Kozak - Cantor Fitzgerald Rasib Bhanji - TD Securities Geoff Kwan - RBC Capital Markets Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2023 Third Quarter Results Conference Call. [Operator Instructions] As a reminder, ...

Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 23 Notes to the Consolidated Financial Statements 28 Dear fellow shareholders, Sprott continued to grow during the third quarter of 2023, despite another challenging period in global markets. Assets Under Management ("AUM") was $25.4 billion as of September 30, 2023, up $2 billion (8%) from the end of 2022. In the quarter, our net income was $6.8 million, up $3.7 million from the $3.1 million ...

So all told, we have grown annual adjusted base EBITDA consistently over the last 5 years, and we anticipate more of the same for 2023, although at a much lower trajectory than previous years given the challenging 2023 operating environment. Lastly, as you can see on Slide 7, as part of our ongoing treasury and balance sheet management program. During the quarter, we paid down $20 million or 37% of our outstanding debt facility. We expect the total debt outstanding down by another 13% or so in the second ha ...

Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 23 Notes to the Consolidated Financial Statements 28 Dear fellow shareholders, During the second quarter of 2023, the broader Net income was $17.7 million ($0.70 per share) in financial markets remained highly-focused on fiscal the quarter, up $17 million ($0.67 per share) from and monetary policies, while technology stocks the quarter ended June 30, 2022 and $25.4 million caught AI fever. The ...

财务数据和关键指标变化 - 公司第一季度AUM达到创纪录的$25.4 billion,较上一季度增长$1.9 billion或8% [8] - 第一季度调整后基础EBITDA为$17.3 million,同比下降$852,000或5% [9] - 净现金和共同投资占公司总资产的约20%,债务/EBITDA比率低于1倍,债务/资本比率为11% [9] 各条业务线数据和关键指标变化 - 交易所交易产品(ETP)第一季度净销售额为$209 million,季度末至今净销售额为$122 million,连续45个月实现月度净销售额 [11] - 私人策略AUM增加至$2.5 billion,主要得益于贷款策略的强劲净销售额 [17] 各个市场数据和关键指标变化 - 黄金作为避险资产受到投资者青睐,但整个行业尚未看到大规模资金流入 [12] - 铀价格今年上涨约10%,有助于铀信托的表现 [12] 公司战略和发展方向和行业竞争 - 公司继续扩展能源转型产品线,推出5只新ETF,目前在该领域拥有8种不同策略 [5] - 公司预计未来几年将出现向自然资源投资的多年轮换,并正在积极增加投资人才 [18] - 公司认为自身在当前市场环境中处于有利地位,特别是在贵金属和能源转型投资方面 [6] 管理层对经营环境和未来前景的评论 - 管理层认为当前金融体系正在感受到美联储历史性加息的影响,预计信贷状况恶化最终将引发衰退 [6] - 管理层预计衰退将迫使美联储降息并可能恢复量化宽松,这将为公司的贵金属和能源转型投资带来回报 [6] - 管理层认为全球关键矿产供应链和生产的重新调整将在未来十年展开,这将刺激对矿业部门的兴趣 [19] 其他重要信息 - 公司完成了对加拿大经纪自营商的管理层收购,作为简化业务和专注于核心资产管理业务的持续过程的一部分 [5] - 公司欢迎Ryan McIntyre加入团队,他是一位实物商品专家,将增强公司在管理股权领域的研究专长 [19] 问答环节所有提问和回答 问题: 私人基金的费用结构 - 公司一直根据资本承诺确认AUM,并非在资本调用时确认 [25] - 不同私人基金策略的费用率有所不同,但公司无法在公开电话会议上详细讨论 [29] 问题: 私人策略AUM的构成和未来增长 - 私人策略AUM在流媒体和贷款策略之间大致平均分配 [31] - 公司目前专注于部署已承诺的资本,因此对未来几年AUM增长的可见性有限 [33] 问题: 经纪自营商剥离对私人市场业务的影响 - 经纪自营商业务与公司其他业务存在固有冲突,因此剥离不会影响私人市场业务 [35] - 剥离预计将带来约100个基点的整体利润率提升,但部分收益可能会被管理股权平台的营销和销售投资所抵消 [37] 问题: 黄金价格的催化剂 - 管理层认为黄金的实物市场非常强劲,央行购买量创几十年新高,预计将继续 [40] - 管理层预计去全球化、能源战略和通胀压力将继续支撑黄金需求 [40] 问题: 铀信托和现货铀市场的状况 - 管理层认为现货铀市场相当紧张,公用事业公司正在同步补充库存 [43] - 管理层认为铀价格可能会因单一新闻点或数据点而迅速上涨,尽管信托目前交易折价较大 [44]

Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 22 Notes to the Consolidated Financial Statements 27 Dear fellow shareholders, Sprott continues to benefit from our positioning in As noted in a recent piece(1) by our Market precious metals and energy transition investments Strategist, Paul Wong, the turmoil in the banking despite ongoing volatility in the financial markets. system caused a flight to safety with gold rising to During the firs ...

Company Participants Conference Call Participants On behalf of the speakers that follow, listeners are cautioned that today's presentation and the responses to questions may contain forward-looking statements within the meaning of the safe harbor provision of the Canadian provincial securities law. Forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements and ...

2022 Annual Results Contrarian. Innovative. Aligned February 24, 2023 NYSE/TSX:SII Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", " ...

Contrarian. Innovative. Aligned. 2022 Annual Report Purpose & Values We aspire to be the leading global asset manager focused on precious metals and energy transition materials ...