Janus Henderson : Investor Presentation

Third Quarter 2020 Results Presentation

29 October 2020

Janus Henderson Group plc ("Janus Henderson") today published its third quarter results for the three month period ended 30 September 2020.

A copy of the Group's Third Quarter Results Presentation is included below.

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Authorised by:
Michelle Rosenberg, Company Secretary
Investor enquiries
Melanie Horton	[phone]
Non-US Investor Relations Manager	[e-mail]
Jim Kurtz	[phone]
US Investor Relations Manager	[e-mail]
Investor Relations	[e-mail]

About Janus Henderson

Janus Henderson Group is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.

At 30 September 2020, Janus Henderson had approximately US$358 billion in assets under management, more than 2,000 employees, and offices in 27 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

Janus Henderson Group plc

47 Esplanade, Jersey JE1 0BD Registered in Jersey No. 101484

ABN 67 133 992 766

Janus Henderson Group 3Q20 results presentation

Thursday 29 October 2020

Dick Weil

Chief Executive Officer

Roger Thompson

Chief Financial Officer

3Q20 results

• Long-terminvestment performance remains solid
• AUM increased 6.4% to US$358.3bn; strength in global markets was partially offset by net outflows of US$(2.9)bn
• Adjusted diluted EPS of US$0.70
• Declared US$0.36 per share dividend and completed US$50m of share buybacks at an average price per share of US$20.48

Key metrics - 3Q20 vs 2Q20
	3Q20	2Q20
3-year investment	61%	62%
outperformance¹
Net flows	US$(2.9)bn	US$(8.2)bn
Total AUM	US$358.3bn	US$336.7bn
US GAAP diluted EPS	US$0.65	US$0.55
Adjusted diluted EPS²	US$0.70	US$0.67
Dividend per share	US$0.36	US$0.36

1. Represents percentage of AUM outperforming the relevant benchmark. Full performance disclosures detailed in the appendix on slide 21.
2. See adjusted financial measures reconciliation on slides 28 and 29 for additional information.

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Our strategy: Simple Excellence

Strengthening our core foundation while maximising growth potential

Delivering on our strategy of Simple Excellence

Produce		Excel in		Focus and		Proactive risk		Develop
dependable			increase
	client			and control		new growth
investment			operational
	experience			environment		initiatives
outcomes			efficiency

Focus and execution lay the foundation for a successful business built for the long term

Positive flows and AUM growth

Revenue stability and profitability

A return to consistent net		A growing and diversified
inflows driven by organic		AUM and client base, able to
growth across regions, client		weather shifting market
types and investment		environments
capabilities

Revenue yield stability resulting from a focus on profitable growth, in context of changing global investor trends

A balanced approach to

managing costs, allowing for

investment, expanded

profitability and increased

cash flow generation

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