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CI Financial Corp. (T:CIX)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: Twentieth, 2 Queen St E Floor
TORONTO ON M5C 3G7
Tel: 1-416-6816508
Website: https://www.cifinancial.com
IR: See website
Key People
William Thomas Holland
Executive Chairman of the Board
Peter W. Anderson
President, Chief Executive Officer, Director
Douglas J. Jamieson
Chief Financial Officer, Executive Vice President
Darie P. Urbanky
Chief Operating Officer, Executive Vice President
Steven J. Donald
Executive Vice President, Chief Risk Officer
Neal A. Kerr
Executive Vice President
Rohit Dev Mehta
Executive Vice President
   
Business Overview
CI Financial Corp (CI) is a Canada-based wealth management company. The Company, through CI Investments Inc. (CI Investments), is an independent investment fund companies. The principal business of CI is the management, marketing, distribution and administration of investment products for Canadian investors. It operates through two business segments: Asset Management and Asset Administration. It also provides financial advice, tax, retirement, estate and wealth planning services. CI also has asset management operations in Australia through its subsidiary, GSFM Pty Limited GSFM. CI's products are distributed primarily through brokers, independent financial planners and insurance advisors. The Asset Management segment focuses on the management of investment funds and other fee-earning investment products. The Asset Administration segment derives its revenue principally from fees and commissions from ongoing service and on the sale of investment funds and other financial products.
Financial Overview
For the three months ended 31 March 2020, CI Financial Corp revenues decreased 5% to C$499.3M. Net income decreased 14% to C$120.2M. Revenues reflect Asset Management segment decrease of 11% to C$416.5M. Net income also reflects Investment dealer fees increase of 30% to C$53.2M (expense), Other Expenses increase from C$1.6M to C$11M (expense). Dividend per share remained flat at C$0.18.
Employees: 1,793 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $5,438M as of Mar 31, 2020
Annual revenue (TTM): $2,092M as of Mar 31, 2020
EBITDA (TTM): $792.65M as of Mar 31, 2020
Net annual income (TTM): $518.58M as of Mar 31, 2020
Free cash flow (TTM): $366.62M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,485M as of Mar 31, 2020
Shares outstanding: 216,633,000 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization