DATA PACK 2023

Full year results

FY23

Index

CONTENTS

SLIDE

Financial

Summary Income statement

4

Revenue margins by asset class

5

Underlying costs and cost to AUA ratio

6

Dividends

7

AUA and volumes

Total Assets Under Administration

9

Growth in total AUA

10

Group average AUA by asset class

11

Group closing AUA by asset class

12

AUA by investment over time

13

HL Workplace Solutions

14

HL Funds

15

Net new clients

16

Stockbroking volumes

17

Other information

Market share statistics

19

Assets by product and asset class

20

Asset class split by account

21

Further information

22

FY24

Financial

Financial

Summary income statement

ALL FIGURES IN £MILLIONS

FY 2023

FY 2022

FY 2021

Revenue

+26%

735.1

583.0

631.0

Fair value gains on derivatives

-

-

-

0.6

Operating costs

+12%

(350.7)

(313.0)

(266.0)

Operating profit

+42%

384.4

270.0

365.6

Finance income

19.0

0.0

1.4

Finance costs

-12%

(0.7)

(0.8)

(1.0)

Profit before Tax

+50%

402.7

269.2

366.0

Strategic Cost *

+28%

36.1

28.3

-

Underlying profit before tax **

+47%

438.8

297.5

366.0

Tax

+48%

(79.0)

(53.4)

(69.7)

Profit after tax

+50%

323.7

215.8

296.3

Tax on underlying profit

+46%

(86.1)

(59.0)

(69.7)

Underlying profit after tax**

+48%

352.7

238.5

296.3

Basic earnings per share (pence)

+50%

68.3

45.6

62.6

Diluted earnings per share (pence)

+50%

68.2

45.6

62.5

Underlying basic earnings per share (pence)**

+48%

74.4

50.4

62.6

Underlying diluted basic earnings per share (pence)**

+47%

74.3

50.4

50.4

* Includes strategic investment spend and dual tech running costs.

** Underlying measures are before accounting for strategic investment spend and dual tech running costs.

Financial

Revenue margins by asset class

FY 2023

FY 2022

Revenue

Ave

Margin

Revenue

Ave

Margin

Assets

Assets

£m

bps

£m

bps

£bn

£bn

Renewal income (net of loyalty

-

-

bonus)

Platform fee

236.4

254.5

Total revenue from funds

236.4

60.7

39

254.5

65.3

39

Stockbroking commission

113.6

160.4

Management fees

34.1

34.5

Total revenue from shares

147.7

48.8

30

194.9

52.3

37

Total revenue from cash

268.7

14.0

192

50.0

13.6

37

HL Funds1

54.3

8.4

65

60.3

8.8

69

Active Savings

8.7

6.4

14

1.8

3.8

5

Double-count2

-

(8.3)

-

-

(8.7)

-

715.8

130.0

57

561.5

135.1

43

Other income3

19.3

-

21.5

-

Total revenue

735.1

130.0

583.0

135.1

FY 2023

FY 2022

FY 2021

Ongoing

+48%

612.6

414.1

390.5

revenue

Transactional

-27%

122.5

168.9

240.5

revenue

Total revenue

+26%

735.1

583.0

631.0

1 Annual management charge on HL Funds, i.e. excluding the platform fee, which is included in revenue on funds.

2 HL Funds AUM included in Funds AUA for platform fee and in HL Funds for annual management charge. Total average AUA excludes HL Fund AUM to avoid double-counting. 3 Other income includes advisory fees and ancillary services (e.g. annuity broking, distribution of VCTs and HL Currency Services).

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Disclaimer

Hargreaves Lansdown plc published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2023 06:22:01 UTC.