Affiliated Managers Group (AMG) Q2 2025 Earnings Call July 31, 2025 11:00 AM ET Speaker0Greetings, and welcome to AMG's Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Patricia Figueroa, Head of Investor Relations.Thank you. You may begin.Speaker1Good morning, and thank you for ...

Company Overview - AMG has partnered with leading investment specialists for over 30 years[2] - AMG has approximately $771 billion in Assets Under Management (AUM)[2, 63] - AMG's strategy supports compounding of earnings growth at an industry-leading rate[9] Asset Allocation and Growth - Liquid Alternatives AUM is approximately $182 billion[6] - Differentiated Long-Only AUM is approximately $440 billion[6] - Private Markets AUM is approximately $149 billion[6] - Over 50% of EBITDA is from High-Growth Areas[8] Financial Performance - The company has approximately $2 billion in 2024 Annual Economic Net Income[46] - Approximately $2.8 billion in excess capital was returned over the last 5 years[52] - The company has repurchased approximately 10% of shares annually over the last 5 years[52] - The average repurchase price over the last 5 years was $140[52] - Adjusted EBITDA increased from $795 million in 2020 to $973 million in 2024[56]

Core Insights - Affiliated Managers Group Inc. (AMG) reported second-quarter 2025 economic earnings of $5.39 per share, exceeding the Zacks Consensus Estimate of $5.26 and reflecting a 15.4% increase from the prior-year quarter [1][8] - The company's total assets under management (AUM) rose by 10% to $771 billion, with net client cash inflows of $8.1 billion contributing to this growth [4][8] - Despite the positive AUM growth, total revenues declined by 1.4% year over year to $493.2 million, missing the Zacks Consensus Estimate of $510.2 million, while total consolidated expenses increased by 14.8% to $412.7 million [3][8] Financial Performance - Economic net income for the quarter was $159.2 million, up 2.1% year over year, surpassing the estimate of $151.5 million [2] - Adjusted EBITDA increased by 1% to $219.7 million, slightly above the projected $214.8 million [3] - The company's cash and cash equivalents decreased to $361 million from $950 million as of December 31, 2024, while total debt remained stable at $2.62 billion [5] Shareholder Actions - During the second quarter, AMG repurchased shares worth $100 million, indicating a commitment to returning value to shareholders [6] Market Position - AMG is positioned for growth due to successful partnerships, global distribution capabilities, and a diverse product mix, although concerns remain regarding substantial intangible assets and a challenging operating environment [7]

Investor and Media Relations: Patricia Figueroa Exhibit 99.1 +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2025 Company reports Diluted EPS of $2.80, Economic EPS of $5.39 in the second quarter of 2025 WEST PALM BEACH, FL, July 31, 2025 — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the second quarter and six months ended June 30, 2025 ...

Core Insights - AMG reported a 15% growth in Economic Earnings per share for Q2 2025 compared to the same quarter last year, driven by effective capital allocation and strong business momentum [2][5] - The firm experienced net client cash flows exceeding $8 billion, primarily due to record inflows into alternative investments, reflecting robust private market fundraising and increasing demand for liquid alternative strategies [2][5] - AMG's Affiliates managing private markets and liquid alternative strategies generated approximately $33 billion in net client inflows in the first half of 2025, highlighting ongoing demand for specialized strategies [3][5] Financial Highlights - As of June 30, 2025, AMG's Assets Under Management (AUM) reached approximately $771 billion, up from $701 billion a year earlier [4][8] - For the three months ended June 30, 2025, AMG reported net income of $84.3 million, an increase from $76.0 million in the same period of 2024 [4][14] - Economic earnings per share for Q2 2025 were $5.39, reflecting a 15% increase from $4.67 in Q2 2024 [4][15] Capital Management - In Q2 2025, AMG repurchased approximately $100 million in common stock, bringing total share repurchases to about $273 million for the first half of the year [5][6] - The company announced a cash dividend of $0.01 per share, payable on August 25, 2025, to stockholders of record as of August 11, 2025 [6] Strategic Partnerships - AMG formed a new partnership with Montefiore, a leading European private equity firm, further diversifying its business and enhancing its presence in private markets [3][5] - In 2025, AMG announced four new partnerships with firms managing approximately $24 billion in alternative strategies, underscoring the demand for AMG's unique approach [3]

Group 1 - The company, AMG Critical Materials N.V., has declared an interim dividend of €0.20 per ordinary share, which remains unchanged from the previous year [1][2] - The interim dividend is for the period from January 1, 2025, to June 30, 2025, and will be payable on August 15, 2025, to shareholders of record as of August 7, 2025 [2] - The ex-dividend date is set for August 6, 2025, and a Dutch withholding tax of 15% will be deducted from the dividend [2] Group 2 - AMG's mission focuses on providing critical materials and related process technologies to promote a less carbon-intensive world, emphasizing energy storage materials like lithium, vanadium, and tantalum [4] - The company is a leader in recycling vanadium from oil refining residues and operates in various segments including lithium, vanadium, and advanced metallurgy for aerospace engines [5] - AMG has a global presence with approximately 3,600 employees and production facilities in multiple countries including Germany, the United States, and China [6]

Core Insights - Affiliated Managers Group Inc. (AMG) is expected to report improved year-over-year earnings and revenues for Q2 2025, with a history of earnings surprises [1][2] - The company has made strategic moves, including acquisitions and divestitures, to enhance its portfolio and align with market trends [3][4][5] Financial Expectations - Management anticipates adjusted EBITDA in the range of $210-$225 million, with net income projected between $104 million and $115 million [6][7] - Earnings per share (EPS) is expected to be between $5.01 and $5.39, reflecting stronger assets under management (AUM) and new deals [9][11] - The Zacks Consensus Estimate for earnings is $5.25, indicating a 12.4% increase from the previous year, while sales are projected at $510.2 million, showing 2% growth [11] Recent Developments - AMG announced an agreement to acquire a minority equity interest in Verition Fund Management, managing approximately $12.6 billion in assets [3] - The company reached a definitive agreement to acquire a minority interest in Qualitas Energy, focusing on renewable energy, expected to close in Q4 2025 [4] - AMG is divesting its equity stake in Peppertree Capital Management for approximately $240 million, expected to close in Q3 2025 [5] Market Position - AMG's earnings surprise history shows that it has surpassed consensus estimates in three of the last four quarters, with an average beat of 2.99% [2] - The company currently holds a Zacks Rank 3, indicating a stable outlook [10]

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Affiliated Managers Group (AMG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, th ...

Core Viewpoint - AMG is scheduled to report its financial and operating results for the second quarter ended June 30, 2025, on July 31, 2025, with a conference call to follow [2][3]. Group 1: Financial Reporting - The financial results will be discussed during a conference call hosted by key executives including the CEO, President, and CFO [3]. - The conference call will take place at 11:00 a.m. Eastern Time on July 31, 2025 [2]. Group 2: Accessing the Conference Call - Interested parties can join the call by dialing specific numbers for U.S. and non-U.S. calls [3]. - A replay of the conference call will be available approximately one hour after its conclusion, with specific dial-in numbers provided [4]. - The live call and replay, along with a presentation highlighting the company's performance, can be accessed via AMG's website [4].