- Solid long-term investment performance, with 41%, 67%, 70%, and
75% of assets under management (“AUM”) outperforming relevant
benchmarks on a one-, three-, five-, and 10-year basis,
respectively, as of December 31, 2022
- AUM increased 5% to US$287 billion compared to the prior
quarter, due to market performance and U.S. dollar depreciation,
partially offset by US$(11) billion of net outflows, of which
US$(7) billion was from previously announced redemptions
- Fourth quarter 2022 diluted EPS of US$0.39, or US$0.61 on an
adjusted basis
- Strong balance sheet and cash generation with US$1.2 billion in
cash and cash equivalents and US$146 million of cash provided from
operating activities in the fourth quarter 2022
- Board declared a quarterly dividend of US$0.39 per share;
returned US$358 million in capital through dividends and share
buybacks in 2022
Janus Henderson Group plc (NYSE/ASX: JHG; “JHG” or the
“Company”) published its fourth quarter and full-year 2022 results
for the period ended December 31, 2022.
Fourth quarter 2022 operating income was US$67.8 million
compared to US$120.7 million in the third quarter 2022 and US$157.6
million in the fourth quarter 2021. Adjusted operating income,
adjusted for one-time, acquisition and transaction related costs,
was US$123.2 million in the fourth quarter 2022 compared to
US$125.4 million in the third quarter 2022 and US$239.7 million in
the fourth quarter 2021.
Fourth quarter 2022 diluted earnings per share of US$0.39
compared to US$0.65 in the third quarter 2022 and US$0.78 in the
fourth quarter 2021. Adjusted diluted earnings per share of US$0.61
in the fourth quarter 2022 compared to US$0.61 in the third quarter
2022 and compared to US$1.05 in the fourth quarter 2021.
Ali Dibadj, Chief Executive Officer, stated:
“The global market volatility and headwinds in 2022 created one
of the most challenging investment backdrops in history. Amidst
these extreme conditions, I am proud of the tremendous amount of
work completed during the year as we reposition Janus Henderson.
During the year, we created a strategic roadmap, added
extraordinary talent and leadership, including on our Board of
Directors, and started implementing cost efficiencies to provide
the ‘Fuel for Growth’ to reinvest in the business for growth—all
while keeping our clients, and their clients, at the heart of
everything we do.
”The current environment remains uncertain. Our focus will be to
control what we can control and position Janus Henderson for
growth. We have a strong balance sheet, good cash generation,
disciplined investment teams and processes, and tight cost
management, which are essential to delivering superior outcomes for
our clients, employees, shareholders, and other stakeholders.”
SUMMARY OF FINANCIAL RESULTS (unaudited) (in US$ millions,
except per share data or as noted)
The Company presents its financial results in US$ and in
accordance with accounting principles generally accepted in the
United States of America (“GAAP”). However, JHG management
evaluates the profitability of the Company and its ongoing
operations using additional non-GAAP financial measures. Management
uses these performance measures to evaluate the business, and
adjusted values are consistent with internal management reporting.
See “Reconciliation of non-GAAP financial information” below for
additional information.
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
2022
2022
2021
2022
2021
GAAP
basis:
Revenue
515.2
512.9
697.2
2,203.6
2,767.0
Operating expenses
447.4
392.2
539.6
1,713.8
1,946.1
Operating income
67.8
120.7
157.6
489.8
820.9
Operating margin
13.2
%
23.5
%
22.6
%
22.2
%
29.7
%
Net income attributable to JHG
65.0
107.6
132.5
372.4
620.0
Diluted earnings per share
0.39
0.65
0.78
2.23
3.57
Adjusted
basis:
Revenue
405.2
394.2
549.9
1,705.3
2,212.9
Operating expenses
282.0
268.8
310.2
1,128.6
1,251.9
Operating income
123.2
125.4
239.7
576.7
961.0
Operating margin
30.4
%
31.8
%
43.6
%
33.8
%
43.4
%
Net income attributable to JHG
102.0
101.1
180.1
433.8
739.5
Diluted earnings per share
0.61
0.61
1.05
2.60
4.26
DIVIDEND AND SHARE BUYBACK
On February 1, 2023, the Board declared a fourth quarter
dividend in respect of the three months ended December 31, 2022, of
US$0.39 per share. Shareholders on the register on the record date
of February 13, 2023, will be paid the dividend on February 28,
2023.
The Company did not purchase any shares of its common stock on
the New York Stock Exchange (“NYSE”) or CHESS Depositary Interests
(“CDIs”) on the Australian Securities Exchange (“ASX”) in the
fourth quarter as part of the US$200 million on-market buyback
program approved by the Board in May 2022.
AUM AND FLOWS (in US$ billions)
FX reflects movement in AUM resulting from changes in foreign
currency rates as non-US$ denominated AUM is translated into US$.
Redemptions include impact of client switches.
Total comparative AUM and flows
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
2022
2022
2021
2022
2021
Opening AUM
274.6
299.7
419.3
432.3
401.6
Sales
14.8
11.4
19.3
60.5
74.4
Redemptions
(25.8
)
(17.2
)
(24.5
)
(97.0
)
(90.6
)
Net sales / (redemptions)
(11.0
)
(5.8
)
(5.2
)
(36.5
)
(16.2
)
Market / FX
23.7
(19.3
)
18.2
(80.2
)
46.9
Reclassifications and disposals1
—
—
—
(28.3
)
—
Closing AUM
287.3
274.6
432.3
287.3
432.3
Quarterly AUM and flows by
capability
Total excl
Fixed
Quantitative
Quantitative
Equities
Income
Multi-Asset
Alternatives
Equities
Equities
Total
AUM 31 Dec 2021
244.3
79.6
59.7
10.7
394.3
38.0
432.3
Sales
8.5
6.0
2.3
0.9
17.7
0.2
17.9
Redemptions
(12.3
)
(6.0
)
(4.5
)
(1.1
)
(23.9
)
(5.9
)
(29.8
)
Net sales / (redemptions)
(3.8
)
—
(2.2
)
(0.2
)
(6.2
)
(5.7
)
(11.9
)
Market / FX
(20.5
)
(4.1
)
(3.6
)
(0.2
)
(28.4
)
(2.7
)
(31.1
)
Reclassifications and disposals1
1.3
—
—
—
1.3
(29.6
)
(28.3
)
AUM 31 Mar 2022
221.3
75.5
53.9
10.3
361.0
—
361.0
Sales
5.5
4.9
1.6
4.4
16.4
—
16.4
Redemptions
(11.3
)
(8.2
)
(2.5
)
(2.2
)
(24.2
)
—
(24.2
)
Net sales / (redemptions)
(5.8
)
(3.3
)
(0.9
)
2.2
(7.8
)
—
(7.8
)
Market / FX
(38.5
)
(7.7
)
(6.5
)
(0.8
)
(53.5
)
—
(53.5
)
AUM 30 Jun 2022
177.0
64.5
46.5
11.7
299.7
—
299.7
Sales
4.8
4.4
1.5
0.7
11.4
—
11.4
Redemptions
(8.9
)
(5.6
)
(1.7
)
(1.0
)
(17.2
)
—
(17.2
)
Net sales / (redemptions)
(4.1
)
(1.2
)
(0.2
)
(0.3
)
(5.8
)
—
(5.8
)
Market / FX
(11.1
)
(4.8
)
(2.5
)
(0.9
)
(19.3
)
—
(19.3
)
AUM 30 Sep 2022
161.8
58.5
43.8
10.5
274.6
—
274.6
Sales
5.6
7.7
1.1
0.4
14.8
—
14.8
Redemptions
(13.1
)
(9.6
)
(2.1
)
(1.0
)
(25.8
)
—
(25.8
)
Net sales / (redemptions)
(7.5
)
(1.9
)
(1.0
)
(0.6
)
(11.0
)
—
(11.0
)
Market / FX
17.0
3.2
2.7
0.8
23.7
—
23.7
AUM 31 Dec 2022
171.3
59.8
45.5
10.7
287.3
—
287.3
_______________
1
Disposals relate to the sale of Intech,
and reclassifications relate to a reclassification of existing
funds from Quantitative Equities to Equities.
Average AUM by capability
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
2022
2022
2021
2022
2021
Equities
171.3
182.4
243.0
193.2
236.4
Fixed Income
59.0
63.7
79.8
67.2
80.6
Multi-Asset
45.5
47.5
57.3
49.2
53.2
Quantitative Equities
—
—
38.7
7.7
41.3
Alternatives
10.7
11.4
10.6
11.5
10.5
Total
286.5
305.0
429.4
328.8
422.0
INVESTMENT PERFORMANCE
% of AUM outperforming benchmark (as of
December 31, 2022)
Capability
1-year
3-year
5-year
10-year
Equities
58
%
54
%
57
%
64
%
Fixed Income
18
%
78
%
89
%
90
%
Multi-Asset
5
%
96
%
96
%
99
%
Alternatives
34
%
100
%
100
%
100
%
Total
41
%
67
%
70
%
75
%
Outperformance is measured based on composite performance gross
of fees versus primary benchmark, except where a strategy has no
benchmark index or corresponding composite in which case the most
relevant metric is used: (1) composite gross of fees versus zero
for absolute return strategies, (2) fund net of fees versus primary
index, or (3) fund net of fees versus Morningstar peer group
average or median. Non-discretionary and separately managed account
assets are included with a corresponding composite where
applicable.
Cash management vehicles, ETF-enhanced beta strategies, Managed
CDOs, Private Equity funds, and custom non-discretionary accounts
with no corresponding composite are excluded from the analysis.
Performance across all time periods excludes Intech, the sale of
which was completed March 31, 2022. Excluded assets represent 5% of
AUM as of December 31, 2022. Capabilities defined by Janus
Henderson.
% of mutual fund AUM in top 2
Morningstar quartiles (as of December 31, 2022)
Capability
1-year
3-year
5-year
10-year
Equities
61
%
54
%
72
%
89
%
Fixed Income
22
%
36
%
68
%
65
%
Multi-Asset
5
%
92
%
92
%
96
%
Alternatives
98
%
97
%
97
%
100
%
Total
46
%
60
%
76
%
88
%
Includes Janus Investment Fund, Janus Aspen Series and Clayton
Street Trust (U.S. Trusts), Janus Henderson Capital Funds (Dublin
based), Dublin and UK OEIC and Investment Trusts, Luxembourg
SICAVs, and Australian Managed Investment Schemes. Performance
across all time periods excludes Intech, the sale of which was
completed March 31, 2022. The top two Morningstar quartiles
represent funds in the top half of their category based on total
return. For the 1-, 3-, 5-, and 10-year periods ending December 31,
2022, 52%, 54%, 59%, and 67% of the 187, 179, 172, and 154 total
mutual funds, respectively, were in the top 2 Morningstar
quartiles.
Analysis based on “primary” share class (Class I Shares,
Institutional Shares, or share class with longest history for U.S.
Trusts; Class A Shares or share class with longest history for
Dublin based; primary share class as defined by Morningstar for
other funds). Performance may vary by share class. Rankings may be
based, in part, on the performance of a predecessor fund or share
class and are calculated by Morningstar using a methodology that
differs from that used by Janus Henderson. Methodology differences
may have a material effect on the return and therefore the ranking.
When an expense waiver is in effect, it may have a material effect
on the total return, and therefore the ranking for the period.
ETFs and funds not ranked by Morningstar are excluded from the
analysis. Capabilities defined by Janus Henderson. © 2022
Morningstar, Inc. All Rights Reserved.
FIRST QUARTER 2023 RESULTS
Janus Henderson intends to publish its first quarter 2023
results on May 3, 2023.
FOURTH QUARTER AND FULL-YEAR 2022 RESULTS BRIEFING
INFORMATION
Chief Executive Officer Ali Dibadj and Chief Financial Officer
Roger Thompson will present these results on February 2, 2023, on a
conference call and webcast to be held at 8 a.m. EST, 1 p.m. GMT,
12 a.m. AEDT (February 3).
Those wishing to participate should call:
United States
844 200 6205 (toll free)
United Kingdom
0808 189 6484 (toll free)
Australia
02 7908 3093 (this is not toll
free)
All other countries
+1 929 526 1599 (this is not toll
free)
Conference ID
264757
Access to the webcast and accompanying slides will be available
via the investor relations section of Janus Henderson’s website
(ir.janushenderson.com).
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, multi-asset, and alternative asset class
strategies.
As of December 31, 2022, Janus Henderson had approximately
US$287 billion in assets under management, more than 2,000
employees, and offices in 23 cities worldwide. Headquartered in
London, the company is listed on the NYSE and the ASX.
FINANCIAL DISCLOSURES
Condensed consolidated statements of
comprehensive income (unaudited)
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
(in US$ millions, except per share data
or as noted)
2022
2022
2021
2022
2021
Revenue:
Management fees
405.6
426.2
565.9
1,799.4
2,189.4
Performance fees
14.3
(13.2
)
7.7
(10.7
)
102.7
Shareowner servicing fees
51.3
54.0
68.3
224.0
260.7
Other revenue
44.0
45.9
55.3
190.9
214.2
Total revenue
515.2
512.9
697.2
2,203.6
2,767.0
Operating expenses:
Employee compensation and benefits
159.4
142.5
160.1
611.5
693.3
Long-term incentive plans
47.5
41.1
42.7
180.7
181.0
Distribution expenses
110.0
118.7
147.3
498.3
554.1
Investment administration
11.8
12.5
12.9
49.4
51.6
Marketing
6.3
5.6
11.3
27.1
31.7
General, administrative and occupancy
69.2
64.7
77.6
279.3
271.8
Impairment of goodwill and intangible
assets
35.8
—
77.5
35.8
121.9
Depreciation and amortization
7.4
7.1
10.2
31.7
40.7
Total operating expenses
447.4
392.2
539.6
1,713.8
1,946.1
Operating income
67.8
120.7
157.6
489.8
820.9
Interest expense
(3.1
)
(3.1
)
(3.2
)
(12.6
)
(12.8
)
Investment gains (losses), net
17.3
11.0
(7.3
)
(113.3
)
0.8
Other non-operating income, net
4.8
13.9
8.0
11.5
8.8
Income before taxes
86.8
142.5
155.1
375.4
817.7
Income tax provision
(5.6
)
(27.9
)
(29.6
)
(100.9
)
(205.3
)
Net income
81.2
114.6
125.5
274.5
612.4
Net loss (income) attributable to
noncontrolling interests
(16.2
)
(7.0
)
7.0
97.9
7.6
Net income attributable to JHG
65.0
107.6
132.5
372.4
620.0
Less: allocation of earnings to
participating stock-based awards
(2.1
)
(3.5
)
(3.6
)
(11.3
)
(17.7
)
Net income attributable to JHG common
shareholders
62.9
104.1
128.9
361.1
602.3
Basic weighted-average shares outstanding
(in millions)
160.1
160.5
165.6
161.7
167.9
Diluted weighted-average shares
outstanding (in millions)
160.4
160.9
166.2
162.0
168.5
Diluted earnings per share (in
US$)
0.39
0.65
0.78
2.23
3.57
Reconciliation of non-GAAP financial information
In addition to financial results reported in accordance with
GAAP, we compute certain financial measures using non-GAAP
components, as defined by the SEC. These measures are not in
accordance with, or a substitute for, GAAP, and our financial
measures may be different from non-GAAP financial measures used by
other companies. We have provided a reconciliation of our non-GAAP
components to the most directly comparable GAAP components. The
following are reconciliations of GAAP revenue, operating expenses,
operating income, net income attributable to JHG, and diluted
earnings per share to adjusted revenue, adjusted operating
expenses, adjusted operating income, adjusted net income
attributable to JHG, and adjusted diluted earnings per share.
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
(in US$ millions, except per share data
or as noted)
2022
2022
2021
2022
2021
Reconciliation of revenue to adjusted
revenue
Revenue
515.2
512.9
697.2
2,203.6
2,767.0
Management fees1
(39.3
)
(46.0
)
(56.5
)
(193.2
)
(208.4
)
Shareowner servicing fees1
(42.4
)
(43.7
)
(56.2
)
(185.2
)
(214.7
)
Other revenue1
(28.3
)
(29.0
)
(34.6
)
(119.9
)
(131.0
)
Adjusted revenue
405.2
394.2
549.9
1,705.3
2,212.9
Reconciliation of operating expenses to
adjusted operating expenses
Operating expenses
447.4
392.2
539.6
1,713.8
1,946.1
Employee compensation and benefits2
(16.8
)
—
—
(16.8
)
—
Long-term incentive plans2
(2.1
)
(2.4
)
0.1
(21.1
)
0.4
Distribution expenses1
(110.0
)
(118.7
)
(147.3
)
(498.3
)
(554.1
)
General, administration and occupancy2
(0.2
)
(1.7
)
(2.6
)
(9.5
)
(10.8
)
Impairment of goodwill and intangible
assets3
(35.8
)
—
(77.5
)
(35.8
)
(121.9
)
Depreciation and amortization3
(0.5
)
(0.6
)
(2.1
)
(3.7
)
(7.8
)
Adjusted operating expenses
282.0
268.8
310.2
1,128.6
1,251.9
Adjusted operating income
123.2
125.4
239.7
576.7
961.0
Operating margin
13.2
%
23.5
%
22.6
%
22.2
%
29.7
%
Adjusted operating margin
30.4
%
31.8
%
43.6
%
33.8
%
43.4
%
Reconciliation of net income
attributable to JHG to adjusted net income attributable to
JHG
Net income attributable to JHG
65.0
107.6
132.5
372.4
620.0
Employee compensation and benefits2
16.8
—
—
16.8
—
Long-term incentive plans2
2.1
2.4
(0.1
)
21.1
(0.4
)
General, administration and occupancy2
0.2
1.7
2.6
9.5
10.8
Impairment of goodwill and intangible
assets3
35.8
—
77.5
35.8
121.9
Depreciation and amortization3
0.5
0.6
2.1
3.7
7.8
Investment gains, net4
0.4
—
—
0.4
0.2
Other non-operating income (expense),
net4
0.1
(10.3
)
(9.1
)
0.3
(14.2
)
Income tax provision5
(18.9
)
(0.9
)
(25.4
)
(26.2
)
(6.6
)
Adjusted net income attributable to
JHG
102.0
101.1
180.1
433.8
739.5
Less: allocation of earnings to
participating stock-based awards
(3.4
)
(3.3
)
(5.0
)
(13.1
)
(21.1
)
Adjusted net income attributable to JHG
common shareholders
98.6
97.8
175.1
420.7
718.4
Weighted-average diluted common shares
outstanding – diluted (two class) (in millions)
160.4
160.9
166.2
162.0
168.5
Diluted earnings per share (two class)
(in US$)
0.39
0.65
0.78
2.23
3.57
Adjusted diluted earnings per share
(two class) (in US$)
0.61
0.61
1.05
2.60
4.26
_______________
1
JHG contracts with third-party
intermediaries to distribute and service certain of its investment
products. Fees for distribution and servicing related activities
are either provided for separately in an investment product’s
prospectus or are part of the management fee. Under both
arrangements, the fees are collected by JHG and passed through to
third-party intermediaries who are responsible for performing the
applicable services. The majority of distribution and servicing
fees collected by JHG are passed through to third-party
intermediaries. JHG management believes that the deduction of
distribution and service fees from revenue in the computation of
adjusted revenue reflects the pass-through nature of these
revenues. In certain arrangements, JHG performs the distribution
and servicing activities and retains the applicable fees. Revenues
for distribution and servicing activities performed by JHG are not
deducted from GAAP revenue.
2
Adjustments for the year ended December
31, 2022, and the three months ended December 31 and September 30,
2022, consist primarily of long-term incentive plan expense
acceleration related to the departure of certain employees and rent
expense for subleased office space. Adjustments for the year ended
December 31, 2021, include a one-time charge related to the
employee benefits trust and rent expense for subleased office
space. Adjustments for the three months ended December 31, 2021,
include rent expense for subleased office space. JHG management
believes these costs do not represent our ongoing operations.
3
Investment management contracts have been
identified as a separately identifiable intangible asset arising on
the acquisition of subsidiaries and businesses. Such contracts are
recognized at the net present value of the expected future cash
flows arising from the contracts at the date of acquisition. For
segregated mandate contracts, the intangible asset is amortized on
a straight-line basis over the expected life of the contracts.
Adjustments also include impairment charges of certain mutual fund
investment management contracts, client relationships and
trademarks. JHG management believes these non-cash and
acquisition-related costs do not represent our ongoing
operations.
4
Adjustments primarily relate to
accumulated foreign currency translation expense related to
liquidated JHG entities and rental income from subleased office
space. In addition, the adjustments for the years ended December
31, 2022 and 2021, include a one-time charge related to the sale of
subsidiaries. JHG management believes these costs are not
representative of our ongoing operations.
5
The tax impact of the adjustments is
calculated based on the applicable U.S. or foreign statutory tax
rate as it relates to each adjustment. Certain adjustments are
either not taxable or not tax-deductible.
Condensed consolidated balance sheets
(unaudited)
31 Dec
31 Dec
(in US$ millions)
2022
2021
Assets:
Cash and cash equivalents
1,162.3
1,107.3
Investment securities
261.6
451.4
Property, equipment and software, net
51.8
63.3
Intangible assets and goodwill, net
3,667.8
3,884.2
Assets of consolidated variable interest
entities
352.0
264.3
Other assets
742.3
931.9
Total assets
6,237.8
6,702.4
Liabilities, redeemable noncontrolling
interests and equity:
Long-term debt
307.5
310.4
Deferred tax liabilities, net
574.6
619.2
Liabilities of consolidated variable
interest entities
4.3
2.6
Other liabilities
754.9
967.9
Redeemable noncontrolling interests
233.9
163.4
Total equity
4,362.6
4,638.9
Total liabilities, redeemable
noncontrolling interests and equity
6,237.8
6,702.4
Condensed consolidated statements of
cash flows (unaudited)
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
(in US$ millions)
2022
2022
2021
2022
2021
Cash provided by (used for):
Operating activities
146.0
221.9
281.2
473.3
895.4
Investing activities
(52.5
)
51.8
(17.5
)
58.5
(283.3
)
Financing activities
(3.9
)
(64.5
)
(90.7
)
(419.1
)
(588.1
)
Effect of exchange rate changes
51.1
(47.2
)
1.0
(54.9
)
(13.5
)
Net change during period
140.7
162.0
174.0
57.8
10.5
STATUTORY DISCLOSURES
Associates and joint ventures
As of December 31, 2022, the Company holds interests in the
following associates and joint ventures managed through shareholder
agreements with third party investors, accounted for under the
equity method:
- LongTail Alpha LLC ownership 20%
Basis of preparation
In the opinion of management of Janus Henderson Group plc, the
condensed consolidated financial statements contain all normal
recurring adjustments necessary to fairly present the financial
position, results of operations, and cash flows of JHG in
accordance with GAAP. Such financial statements have been prepared
in accordance with the instructions to Form 10‑Q pursuant to the
rules and regulations of the SEC. Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with GAAP have been condensed or omitted pursuant to
such rules and regulations. The financial statements should be read
in conjunction with the annual consolidated financial statements
and notes presented in Janus Henderson’s Annual Report on Form 10‑K
for the year ended December 31, 2021, on file with the SEC
(Commission File No. 001‑38103). Events subsequent to the balance
sheet date have been evaluated for inclusion in the financial
statements through the issuance date and are included in the notes
to the condensed consolidated financial statements.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Past performance is no guarantee of future results. Investing
involves risk, including the possible loss of principal and
fluctuation of value.
This document includes statements concerning potential future
events involving Janus Henderson Group plc that could differ
materially from the events that actually occur. The differences
could be caused by a number of factors, including, but not limited
to, recent changes in interest rates and inflation, volatility, or
disruption in financial markets, our investment performance as
compared to third-party benchmarks or competitive products,
redemptions and other withdrawals from the funds and accounts we
manage, and other factors identified in JHG’s Annual Report on Form
10‑K for the fiscal year ended December 31, 2021, and in other
filings or furnishings made by the Company with the Securities and
Exchange Commission from time to time (Commission File No.
001‑38103), including those that appear under headings such as
“Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations.” Many of these
factors are beyond the control of JHG and its management. Any
forward-looking statements contained in this document are as of the
date on which such statements were made. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements after the date they are made, whether as a result of new
information, future events, or otherwise, except as required by
law.
Annualized, pro forma, projected, and estimated numbers are used
for illustrative purposes only, are not forecasts, and may not
reflect actual results.
The information, statements, and opinions contained in this
document do not constitute a public offer under any applicable
legislation or an offer to sell or solicitation of any offer to buy
any securities or financial instruments or any advice or
recommendation with respect to such securities or other financial
instruments.
Not all products or services are available in all
jurisdictions.
Janus Henderson is a trademark of Janus Henderson Group plc or
one of its subsidiaries. © Janus Henderson Group plc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230202005157/en/
Investor enquiries: Jim Kurtz Head of Investor Relations
+1 303 336 4529 jim.kurtz@janushenderson.com
Or
Investor Relations investor.relations@janushenderson.com
Media enquiries: Nicole Mullin Director of Media
Relations +44 (0)20 7818 2511 nicole.mullin@janushenderson.com
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