Michael Dobson Chief Executive

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Michael DobsonChief Executive

• Schroders plc
• Progress and Priorities

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Forward-looking Statements

• These presentation slides contain forward-looking
  statements and forecasts with respect to the
  financial condition, results of operations and
  businesses of Schroders plc and its subsidiaries
• These statements and forecasts involve risk and
  uncertainty because they relate to events and
  depend upon circumstances that will occur in the
  future
• There are a number of factors that could cause
  actual results or developments to differ
  materially from those expressed or implied by
  those forward-looking statements and forecasts.
  Nothing in this announcement should be construed
  as a profit forecast

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Agenda

• Progress 1999 2004
• Industry trends
• Priorities for Schroders

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Change in Business Mix
Decline of UK balanced
(bn)
()
Source Schroders
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Change in Business Mix
Growth of Retail
AUM (bn)
Source Schroders
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Change in Business Mix
Regional assets under management
(bn)
Source Schroders
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Margin Growth
Assets under management and margins
(bn)
(bps)
49
36
Source Schroders
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Margin Growth
Asset management revenues, costs and profit
(bps)
Source Schroders
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Progress 2001 - 2004

• Progress against 4-year turnaround plan
• Group costs
• Cost income ratio
• Profits
• Investment performance
• Attracting talent
• Retail and sub-advisory business
• Private Bank loss to profit
• Continental Europe
• Asia Pacific

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Priorities

• Reversing Institutional outflows
• Building on success in Retail
• Capacity management
• Continuing momentum in Europe and Asia
• Further development of Private Bank
• Growing US business
• Deployment of surplus capital

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Schroders plc Progress and Priorities