Q1 2025 Fiera Capital Corp Earnings Call Transcript

May 9, 2025 / 02:00 PM GMT

Release Date Price: C$5.67 (-13.44%)

Transcript

Key Points

Positve

Fiera Capital Corp (FRRPF) experienced positive net organic growth of approximately $550 million in Q1 2025, excluding assets sub-advised by Pineone.
Assets in the private markets platform grew by $1.4 billion or 7% during the quarter, driven by acquisitions and new mandates.
The Canadian equity strategy had top quartile performance, outperforming its benchmark by close to 240 basis points.
The private markets platform generated 34% of total revenues, providing attractive revenue growth and diversification.
The company maintained a robust pipeline of $1.5 billion in committed undeployed capital for future opportunities.

Negative

Total revenues decreased by 3% year-over-year, primarily due to lower performance fees and other revenues.
Assets under management decreased by $5.5 billion in Q1 2025, largely due to outflows from Pineone sub-advised mandates.
The decision was made to reduce the quarterly dividend to ensure financial flexibility amid uncertain economic conditions.
Net debt increased to over $700 million, reflecting higher cash used in operating activities and acquisitions.
Performance fees were significantly lower, with $0 recorded in the quarter compared to the previous year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSZ.TO - Fiera Capital Corp
Q1 2025 Fiera Capital Corp Earnings Call
May 09, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Sylvie, and I will be your conference operator today. At this time, I would like to welcome everyone to CR Capital's earnings call to discuss financial results for the first quarter of 2025. Please note that all participant lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer period. As a reminder, this conference call is being recorded.

If you would like to ask a question during the 2 period, simply press 1 on your telephone keypad. And if you would like to withdraw your question, please press 2.

Thank you. I would now like to turn the conference over to Ms. Mary Fransky, senior Vice President, Treasury and

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