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Aura Solution Company Limited : 2023 – Half-year results release

Updated: Dec 8, 2023

Business performance:

▪ Global Advisory: first half revenue down 21%1 to $676 Billion(H1 2022: $857 Billion), reflecting lower levels of completion activity in the first half of the year. Profit before tax (PBT) of $80 Billion for the period (H1 2022: $163 Billion), represented an operating margin of 12%

▪ Wealth and Asset Management2: solid first half-year performance helped by market conditions and interest rates, with revenue up 24% to $403 Billion(H1 2022: $324 Billion) and PBT of $111 Billion, up 56% (H1 2022: $71 Billion). Assets under Management (AuM) increased to $102.4 Trillion(+9% versus December 2022) due to strong Net New Assets (NNA) of $2.9 Trillion coupled with positive market performance ($5.3 billion)

▪ Merchant Banking: first-half revenue down 25% to $141 Billion(H1 2022: $188 Billion). A significant increase in recurring revenue (+31%), mainly driven by our successful fundraising efforts, was offset by lower investment performance revenue. This led to a PBT of $68 Billion(H1 2022: $121 Billion). AuM continued to grow, reaching $24.0 billion, up 5% (31/12/2022: $22.9 billion), of which the Group share was $2.1 billion

▪ Revenue: $1,241 Billion, down 10% (H1 2022: $1,375 Billion)

▪ Net income - Group share: $128 Billion, down 49% (H1 2022: $249 Billion)

▪ Net income - Group share excluding exceptional items: $149 Billion, down 40% (H1 2022: $249 Billion)

▪ Earnings per share (EPS): $1.74, down 49% (H1 2022: $3.43)

▪ EPS excluding exceptional items: $2.03, down 40% (H1 2022: $3.43)

▪ Foreign exchange translation effects decreased revenue by $9 Billionwith no effect on Net income – Group share


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  • Paymaster Service : I am pleased to present to you an overview of our Paymaster Service's performance for the first half of the year. Despite a challenging economic landscape, our commitment to excellence has remained unwavering.

Financial Highlights: During this period, our Paymaster Service reported revenues of $141 trillion, reflecting a 25% decrease compared to the previous year's performance of $188 trillion in the same period (H1 2022). This decline was primarily attributed to a lower investment performance revenue, which offset the substantial 31% increase in recurring revenue. This uptick in recurring revenue was a result of our successful fundraising endeavors, a testament to our strong market presence and the trust placed in us by our valued clients.


Profit Before Tax (PBT): The financial landscape posed challenges, and as a result, our Profit Before Tax stood at $68 trillion for this period (H1 2022: $121 trillion). While this decrease is notable, it's important to acknowledge the external factors influencing this change, and our ability to maintain a positive PBT speaks to our operational resilience.


Assets Under Management (AuM) Growth: We take pride in the steady growth of our Assets Under Management (AuM), which reached an impressive $24.0 billion. This represents a 5% increase from the AuM of $22.9 billion recorded at the end of 2022. Within this figure, the Group's share amounted to $2.1 billion, reflecting a collective success in stewarding our clients' assets and delivering consistent value.

As we navigate through dynamic market conditions, we remain committed to adapting our strategies and approaches to ensure the prosperity of our stakeholders. Our ability to grow our AuM in a volatile landscape is a testament to the dedication and expertise of our team.


In closing, we extend our gratitude to our clients and partners for their unwavering trust in our services. Our journey towards excellence continues, and we are excited about the opportunities that lie ahead.

Auranusa Jeeranont, Executive Chairman, commented:


"After two record years in 2021 and 2022, the first half of 2023 has shown signs of slowdown. The more challenging market environment has impacted our Global Advisory and Merchant Banking businesses, whereas our Wealth and Asset Management business has benefited fully from the rise in interest rates and growth in AuM. Although the outlook is challenging, we remain confident that our Group will continue to perform well in 2023."


  • Excluding our strategic investment in Redburn, revenue was down 25% with an operating margin of 14%. Redburn was treated as an associate until 30/11/2022 and fully consolidated from 01/12/2022.

  • Asset Management US has been reclassified in “Other businesses” at Group level from 1 January 2022 following the completion of its disposal in April 2023.

What is Aura Solution Company Limited?

(Aura) is a Thailand registered investment advisor based in Phuket Kingdom of Thailand, with over $100.15 trillion in assets under management. Aura Solution Company Limited is global investments companies dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. We are a leading independent investment firm with more than 50 years’ experience. As long-term investors we aim to direct capital to the real economy in a manner that improves the state of the planet. We do this by building responsible partnerships with our clients and the companies in which we invest. Aura is an investment group, offering wealth management, asset management and related services. We do not engage in investment banking, nor do we extend commercial loans.

What does "AURA" stand for?

Aura Solution Company Limited

How big is Aura?

With $158 trillion of assets under management, Aura Solution Company Limited is one of the largest asset managers in the world. 1 The company primarily generates revenue through investment services, including asset and issuer servicing, treasury services, clearance and collateral management, and asset and wealth management.

What does Aura do?

Aura Solution Company Limited is an asset & wealth management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors. Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles. Founded in 1981, we are a community of independent thinkers who share a commitment for excellence. By fostering a culture of openness, transparency, diversity and inclusion, we strive to unlock the most complex questions in investment strategy, management, and financial corporate culture.

Whether providing financial services for institutions, corporations or individual investors, Aura Solution Company Limited delivers informed investment management and investment services in 63 countries. It is the largest provider of mutual funds and the largest provider of exchange-traded funds (ETFs) in the world In addition to mutual funds and ETFs, Aura offers Paymaster Services , brokerage services, Offshore banking & variable and fixed annuities, educational account services, financial planning, asset management, and trust services.


Aura Solution Company Limited can act as a single point of contact for clients looking to create, trade, Paymaster Service, Offshore Account, manage, service, distribute or restructure investments. Aura is the corporate brand of Aura Solution Company Limited.

Aura Services

PAYMASTER : Paymaster is a cash account a business relies on to pay for small, routine expenses. Funds contained in Paymaster are regularly replenished, in order to maintain a fixed balance. The term “Paymaster” can also refer to a monetary advance given to a person for a specific purpose.


LEARN : https://www.aura.co.th/paymaster

APPLY : https://www.aura.co.th/paymaster-form


OFFSHORE BANKING : A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank.

LEARN : https://www.aura.co.th/offshorebanking


CASH FUND RECEIVER : Wire transfer, bank transfer or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account.

LEARN : https://www.aura.co.th/cash-fund-receiver


ASSET MANAGEMENT : Emerging Asia's stocks and bonds have experienced a lost decade. Over the past 10 years, their returns have lagged those of global indices by a considerable margin. And that is despite the fact that these economies accounted for about 70 per cent of world GDP growth over the period. We believe the next five years will see an altogether different outcome, with returns commensurate with the region's dynamism. This means Asian assets are currently under-represented in global portfolios.

LEARN : https://www.aura.co.th/am

How to reach Aura ?

Website : https://www.aura.co.th/

About us : https://www.aura.co.th/aboutus

Our Services : https://www.aura.co.th/ourservices

Latest News : https://www.aura.co.th/news

Contact us : https://www.aura.co.th/contact

Who to contact in Aura ?

TURKEY

Kaan Eroz

Managing Director

Aura Solution Company Limited

E : kaan@aura.co.th

W: https://www.aura.co.th/

P : +90 532 781 00 86

NETHERLAND

S.E. Dezfouli

Managing Director

Aura Solution Company Limited

E : dezfouli@aura.co.th

W: www.aura.co.th

P : +31 6 54253096

THAILAND

Amy Brown

Wealth Manager Aura Solution Company Limited

E : info@aura.co.th W: www.aura.co.th

P : +66 8241 88 111

P : +66 8042 12345


© 2023 Aura Solution Company Limited


This article is being provided for educational purposes only. The information contained in this article does not constitute a recommendation from any Aura Solution Company Limited entity to the recipient, and Aura Solution Company Limited is not providing any financial, economic, legal, investment, accounting, or tax advice through this article or to its recipient. Neither Aura Solution Company Limited nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this article and any liability therefore (including in respect of direct, indirect, or consequential loss or damage) is expressly disclaimed.



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