ANNUAL REPORT 2018

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Annual Report 2018 (8MB)

Group at a glance

Janus Henderson is an independent global asset manager, specialising in active management. We offer a broad range of investment solutions across all asset classes to a client base around the world.

Chief Executive Officer's statement

2018 was another integral year for Janus Henderson, one marked by continued
transformation across the firm and ongoing challenges across the competitive landscape.

Richard Weil
Chief Executive

"Today we are more convinced of the potential value we can create for our shareholders in the years to come. Whilst the path will not be linear, we know long-term success will be determined by our ability to deliver exceptional service to our clients, profitably grow assets under management, increase our market share across our existing businesses and develop growth drivers to build the businesses of tomorrow."

Performance highlights

2018 represented a year of further transformation for Janus Henderson, against a backdrop of challenging markets and ongoing change in the asset management sector. The Group substantially completed its merger integration and realised targeted cost synergies well ahead of plan. Despite our progress, we faced the same global market challenges and headwinds as the wider industry, with an aggregate US$18 billion of net outflows.

Notes
Data for 2017 presents the results of JHG as if the merger had occurred at the beginning of the period shown. See pro forma adjusted financial measures reconciliation on Form 10-K pages 43 and 44 for additional information.
In accordance with the Australian Securities and Investment Commission Corporations Instrument 2016/191, amounts in this Annual Report have been rounded to the nearest US$0.1 million, unless otherwise stated.
1. Investment performance data represents percentage of AUM outperforming the relevant benchmark. Full performance disclosures detailed on page 180 of the 2018 Annual Report.
2. Calculated as total flows divided by beginning of period AUM.
3. 2017 includes a hypothetical per share dividend for Janus Henderson Group plc for 1Q17. The amount is derived by taking the sum of the cash dividends each legacy firm paid to its respective shareholders (for legacy Janus that was US$20.3 million and for legacy Henderson that was US$26.9 million), divided by the number of shares outstanding as at 30 May 2017 (approximately 200.4 million). USD/GBP 1.3017.