Azimut Holding (AZM) Investor presentation summary

Business overview and global platform

• Operates as an independent global asset manager with €158bn in total assets, serving 2.5m+ investors across 20 countries.

• Offers a broad product suite spanning public and private markets, wealth management, investment banking, and fintech.

• Maintains a multi-generational, technology-driven advisory platform with strong customer-centric and independent positioning.

• 53% of total assets originate from international operations, highlighting global diversification.

• Over 21% of shares are employee-owned, ensuring strong alignment of interests.

Financial performance and growth

• Achieved record organic net inflows in 1H 2026, with total assets rising 12.1% to €157.9bn.

• Recurring net profit for 1H 2026 grew 6% year-on-year to €249m, driven by strong operational performance.

• Recurring fees increased 16% YoY, supported by AUM growth and platform expansion.

• Maintains a strong capital position, with €1.3bn to be returned to shareholders over 18 months via dividends and buybacks.

• Dividend of €2.00 per share proposed for 2025, with payout ratios consistently above 50%.

Strategic transactions and expansion

• Acquired 100% of Yapı Kredi Portföy, becoming Türkiye’s #2 asset manager and securing a 15-year exclusive distribution agreement.

• NSI acquisition creates a $20bn US platform, immediately accretive with strong EBITDA outlook.

• Progressing on TNB spin-off, with €1.2bn transaction value and Azimut retaining a 19.99% stake.

• Strategic partnership with UniCredit via Nova Investment Management to develop UCITS products.

• Global expansion has delivered a 39% CAGR in total assets since 2010, with double-digit ROI on M&A investments.