Investor Relations

About Us Corporate Governance

Financial Highlights

(from continuing operations)
(in millions of Canadian dollars, except per share data) 
Three months ended Nine months ended
August 31, 2017 May 31, 2017 August 31, 2016 August 31, 2017 August 31, 2016
Income 110.3 117.1 109.4 334.6 323.8
Net income from continuing operations attributable to equity owners of the Company 12.3 13.2 8.2 34.7 27.9
EBITDA1 28.6 29.2 25.3 83.4 78.8
Adjusted EBITDA1 28.6 29.2 27.4 83.4 82.4
Diluted earnings per share attributable to equity owners of the Company 0.15 0.16 0.10 0.43 0.35
Adjusted diluted earnings per share attributable to equity owners of the Company1 0.15 0.16 0.13 0.43 0.39
Free Cash Flow1 16.4 10.4 12.9 37.2 40.3
Dividends per share 0.08 0.08 0.08 0.24 0.24
Long-term debt 148.5 168.4 228.0 148.5 228.0

1  EBITDA (earnings before interest, taxes, depreciation and amortization), adjusted EBITDA, adjusted diluted earnings per share and Free Cash Flow are not standardized measures prescribed by IFRS. The Company utilizes non-IFRS measures to assess our overall performance and facilitate a comparison of quarterly and full-year results from period to period. They allow us to assess our investment management business without the impact of non-operational items. These non-IFRS measures may not be comparable with similar measures presented by other companies. These non-IFRS measures and reconciliations to IFRS, where necessary, are included in the Management’s Discussion and Analysis available at www.agf.com.

(in millions of Canadian dollars)  Three months ended
August 31, 2017 May 31, 2017 February 28, 2017 November 30, 20161 August 31, 2016
Retail fund assets under management (AUM) (including retail pooled funds) 18,165 18,884 18,299 17,774 17,811
Institutional, sub-advisory and ETF accounts AUM 10,665 11,336 10,960 10,810 11,033
Private client AUM 5,221 5,323 5,143 4,908 4,784
Alternative asset management platform AUM2 902 902 712 685 619
Total AUM, including alternative asset management platform 34,953 36,445 35,114 34,177 34,247
Net retail redemptions 40 107 119 214 303
Average daily retail fund AUM 18,336 18,647 17,925 17,756 17,682

1 Net retail redemptions includes a $149.4 million transfer of an existing client from institutional to retail.
2 Represents fee-earning committed and/or invested capital from AGF and external investors held through joint ventures. AGF’s portion of this commitment is $150.0 million, of which $77.1 million has been funded as at August 31, 2017, which includes $10.1 million return of capital related to the monetization of its seed assets.