Hargreaves Lansdown Plc, Bristol (HL.:LN)

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Business Description and Key Statistics

Hargreaves Lansdown is a direct-to-investor investment service Current YTY % Chg administering investments in individual savings accounts and self- invested personal pensions, Fund and Share accounts and Active Revenue LFY (M) 551 14.7 Savings, providing services for individuals and corporates. EPS Diluted LFY 0.66 26.7 Market Value (M) 6,817 Shares Outstanding LFY (000) 473,747 Book Value Per Share 1.18 EBITDA Margin % 63.80

Net Margin % 56.9 Website: www.hl.co.uk Long-Term Debt / Capital % 0.0 ICB Industry: Financials Dividends and Yield TTM 0.56 - 3.86% ICB Subsector: Asset Managers and Custodians Payout Ratio TTM % 65.1 Address: One College Square South;Anchor Road Bristol 60-Day Average Volume (000) 866 GBR 52-Week High & Low 1,788.00 - 1,348.50 Employees: 1,599 Price / 52-Week High & Low 0.80 - 1.07

Price, Moving Averages & Volume

1,810.0 1,810.0 Hargreaves Lansdown Plc, Bristol is currently trading at 1,439.00 which is 4.6% below 1,749.5 1,749.5 its 50 day moving average price of 1,507.88 and 9.3% 1,689.1 1,689.1 below its 200 day moving average price of 1,586.74.

1,628.7 1,628.7 HL.:LN is currently 19.5% below its 52-week high price of 1,788.00 and is 6.7% above its 1,568.3 1,568.3 52-week low price of 1,348.50. Over the past 52- 1,507.8 1,507.8 weeks, HL.:LN is down 7.5% while on a calendar year-to- date basis it is down 5.6%. 1,447.4 1,447.4 The Relative Strength Index (RSI) indicator for HL.:LN is 1,387.0 1,387.0 currently 44.66. An RSI value of 70 and above is considered 1,326.5 1,326.5 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 32,928 32,928

24,696 24,696

16,464 16,464

8,232 8,232

Mean (1280.55) 0 0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 1.16 0.21 50-Day Average Price 1507.88 1-Week % -0.03 -1.15 Price / 50-Day Average 0.95 4-Week % -5.05 -4.19 200-Day Average Price 1586.74 52-Week % -7.49 -30.44 Price / 200-Day Average 0.91 RSI - Relative Strength Index 44.66 Quarter-to-Date % -9.44 -9.92

Year-to-Date % -5.64 -16.19 Risk Metrics Last Month % -7.60 -9.52 Price Volatility 33.38 Last Quarter % 3.08 -1.59 Sharpe Ratio 0.05 Last Calendar Year % -21.19 -8.20 Sortino Ratio 0.10

5-Year Price Performance vs. FTSE 350

Hargreaves Lansdown Plc, Bristol Current: 1.14 CAGR: 2.6% Over the past five years, FTSE 350 Index Current: 1.20 CAGR: 3.8% Hargreaves Lansdown Plc, Bristol's stock price is up 2.0 2.0 13.8% which is 6.4% below the FTSE 350 Index performance of 20.2% over the 1.9 1.9 same period. Hargreaves Lansdown Plc, Bristol's 1.8 1.8 cumulative annualized growth rate (CAGR) over the five year period has been 2.6% while 1.7 1.7 that of the FTSE 350 Index has been 3.8%.

1.6 1.6 Over the past year, Hargreaves Lansdown Plc, 1.5 1.5 Bristol's stock price performance of -7.5% has underperformed that of the 1.4 1.4 FTSE 350 Index by 30.4%. On a year-to-date basis, 1.3 1.3 Hargreaves Lansdown Plc, Bristol's stock price performance of -5.6% has ^NMX:LN 1.2 1.2 underperformed the FTSE HL.:LN 350 Index by 16.2%. 1.1 1.1 Over the past week, Hargreaves Lansdown Plc, 1.0 1.0 Bristol's stock price performance of 0.0% has underperformed that of the 0.9 0.9 FTSE 350 Index by 1.2%.

0.8 0.8 2017 2018 2019 2020 2021 2022

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 12.6 6.9 13.2 Gross Margin % Revenues Per Share % 12.6 6.8 13.1 EBITDA Margin % 63.8 65.6 62.4 EBITDA % 9.6 11.7 14.9 Pre-Tax Margin % 68.7 65.5 62.2 EPS Diluted % 13.9 14.8 17.5 Net Margin % 56.9 52.9 45.4 Free Cash Flow % 5.4 8.9 14.9 Return on Equity % 64.7 69.7 69.4 Cash from Operations % 5.5 9.1 14.0 Return on Capital % 64.8 69.7 69.1 Book Value % 22.1 18.8 23.8 Return on Assets % 29.9 28.8 29.2

Revenue (M) Hargreaves Lansdown Plc, Bristol's cumulative annualized Current: 550.90 Median: 464.05 High: 550.90 Low: 385.70 CAGR: 12.6% revenue growth rate over the 583.9 583.9 550.9 charted period is 12.6%. This compares to cumulatative 515.1 515.1 480.5 annualized growth of 12.6% over the past 3 years. 447.6 446.3 446.3 385.7 377.4 377.4 2016 2017 2018 2019 2020 2021 Hargreaves Lansdown Plc, EPS Diluted Bristol's cumulative annualized Current: 0.66 Median: 0.51 High: 0.66 Low: 0.45 CAGR: 13.6% EPS growth rate over the 0.70 0.70 charted period is 13.6%. This 0.66 compares to cumulatative 0.61 0.61 annualized growth of 13.9% over the past 3 years. 0.52 0.53 0.50 0.53 0.45 0.44 0.44 2016 2017 2018 2019 2020 2021

Net Profit Margin % Hargreaves Lansdown Plc, Bristol's net profit margin of Current: 56.88 Median: 52.97 High: 56.88 Low: 50.20 CAGR: 3.6% 56.9% is 3.6% above the 57.2 57.2 period's mean net margin of 53.3%. During the charted 54.8 54.8 period, the observed net profit Mean (53.26) margin high and low were 52.3 52.3 56.9% and 50.2% respectively.

49.9 49.9 2016 2017 2018 2019 2020 2021 Hargreaves Lansdown Plc, Return on Equity % Bristol's return on equity of Current: 64.70 Median: 67.00 High: 80.00 Low: 59.10 CAGR: -5.2% 64.7% is 4.6% below the 81.0 81.0 period's mean return on equity of 69.3%. During the charted 73.4 73.4 period, the observed ROE Mean (69.32) high and low were 80.0% and 59.1% respectively. 65.7 65.7

58.1 58.1 2016 2017 2018 2019 2020 2021

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 21.8 32.1 33.5 Earnings Yield % 4.60 3.00 2.90

Price / Sales 12.4 16.7 15.4 Free Cash Flow Yield % 3.79 3.08 3.10

Price / Operating Cash Flow 20.9 31.1 32.6 Dividend Yield % 3.86 2.46 2.60

Price / Book Value 12.2 21.2 22.8 Enterprise Value / EBITDA 18.7 24.9 24.5

Price / EPS TTM Hargreaves Lansdown Plc, Bristol is trading at 21.84 times Current: 21.84 Median: 31.99 High: 47.06 Low: 20.46 CAGR: -7.6% its EPS generated during the 48.4 48.4 latest fiscal year. This multiple is below the historically 38.6 38.6 observed median of 31.99, while high and low Median (31.99) observations have been 47.06 28.9 28.9 and 20.46.

19.1 19.1 2016 2017 2018 2019 2020 2021 Price / Sales Hargreaves Lansdown Plc, Bristol is trading at a Price to Current: 12.42 Median: 16.73 High: 24.35 Low: 11.39 CAGR: -4.3% Sales ratio of 12.42 based on 25.00 25.00 sales generated during the latest fiscal year. This ratio is 20.25 20.25 below the historically observed median ratio of 16.73, while Median (16.73) high and low observations 15.49 15.49 have been 24.35 and 11.39.

10.74 10.74 2016 2017 2018 2019 2020 2021 Hargreaves Lansdown Plc, Price / Book Value Bristol is trading at a Price to Current: 12.21 Median: 21.20 High: 31.30 Low: 11.48 CAGR: -12.4% Book ratio of 12.21 based on 32.3 32.3 book value at the latest fiscal year end. This ratio is below the historically observed 25.0 25.0 median of 21.20, while high Median (21.20) and low observations have 17.8 17.8 been 31.30 and 11.48.

10.5 10.5 2016 2017 2018 2019 2020 2021 Hargreaves Lansdown Plc, Free Cash Flow Yield % Bristol has a Free Cash Flow Current: 3.79 Median: 3.08 High: 4.25 Low: 2.17 CAGR: 5.2% Yield of 3.79% based on free 4.4 4.4 cash flow generated during the latest fiscal year. This value is above the historically observed 3.6 3.6 median yield of 3.08%, while Median (3.08) high and low observations 2.8 2.8 have been 4.25 and 2.17.

2.1 2.1 2016 2017 2018 2019 2020 2021

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Dividends Data

Dividends Per Share TTM 0.56 Payout Ratio TTM % 65.10% Dividend Yield TTM % 3.86%

Rate Ex Date Record Date Payment Date Currency Note 0.119 11-02-2021 12-02-2021 08-03-2021 GBP INTERIM GROSS 0.263 24-09-2020 25-09-2020 16-10-2020 GBP FINAL GROSS 0.174 24-09-2020 25-09-2020 16-10-2020 GBP SPECIAL GROSS 0.112 13-02-2020 14-02-2020 09-03-2020 GBP INTERIM GROSS 0.234 26-09-2019 27-09-2019 18-10-2019 GBP FINAL GROSS 0.083 26-09-2019 27-09-2019 18-10-2019 GBP SPECIAL GROSS 0.103 14-02-2019 15-02-2019 11-03-2019 GBP INTERIM GROSS 0.221 27-09-2018 28-09-2018 19-10-2018 GBP FINAL GROSS 0.078 27-09-2018 28-09-2018 19-10-2018 GBP SPECIAL GROSS 0.101 15-02-2018 16-02-2018 09-03-2018 GBP INTERIM GROSS 0.204 28-09-2017 29-09-2017 20-10-2017 GBP FINAL GROSS 0.086 09-03-2017 10-03-2017 30-03-2017 GBP INTERIM GROSS

Dividend Growth and Yield

Dividends Per Share TTM Hargreaves Lansdown Plc, Bristol's trailing 12-month Current: 0.56 Median: 0.40 High: 0.56 Low: 0.29 CAGR: 11.7% dividend per share is 0.56 and 0.57 0.57 its dividend has grown at a cumulative annualized rate of 0.52 0.52 11.7% over the charted period. This compares to 0.47 0.47 dividend growth of 29.60% over the past year and cumulative annualized growth 0.42 0.42 of 22.20% over the past 3 years. 0.38 0.38

0.33 0.33

0.28 0.28 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Hargreaves Lansdown Plc, Bristol's current dividend yield Current: 3.86 Median: 2.46 High: 4.06 Low: 1.35 CAGR: 7.5% is 3.86% based on trailing 12 4.20 4.20 month dividends. The current yield is above the historically 3.70 3.70 observed median of 2.46% and, over the charted time 3.20 3.20 period, the observed high yield has been 4.06% and the observed low yield has been 2.71 2.71 1.35%.

2.21 2.21

1.71 1.71

1.21 1.21 2016 2017 2018 2019 2020 2021

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -16.0 -3.0 9.9 22.8 35.7 -25.6 -17.0 -8.4 0.2 8.8

St James's Place PLC 33.4 Intermediate Capital Group Plc 7.2

Intermediate Capital Group Plc 17.6 3i Group Plc 5.5

3i Group Plc 10.0 St James's Place PLC -2.7

Peer Group Average 8.0 Peer Group Average -7.3

Schroders PLC 7.0 Schroders PLC -9.3

M&G plc 3.0 abrdn plc -14.3

Hargreaves Lansdown Plc, Bristol -5.6 M&G plc -16.5

abrdn plc -9.3 Hargreaves Lansdown Plc, Bristol -21.2

-16.0 -3.0 9.9 22.8 35.7 -25.6 -17.0 -8.4 0.2 8.8

Price / EPS TTM Price / Book Value 0.0 14.4 28.7 43.1 57.5 0.0 3.2 6.4 9.6 12.8

St James's Place PLC 55.0 Hargreaves Lansdown Plc, Bristol 12.2 Partners Group Holding AG 23.9 St James's Place PLC 8.5 Hargreaves Lansdown Plc, Bristol 21.8 Partners Group Holding AG 8.4 Julius Baer Group Ltd 19.1 Peer Group Average 3.8 Peer Group Average 16.7 Intermediate Capital Group Plc 3.7 Schroders PLC 13.9 Julius Baer Group Ltd 2.1 Intermediate Capital Group Plc 12.9 Schroders PLC 1.8 Janus Henderson Group Plc 9.9 3i Group Plc 1.4 UBS Group AG 8.8 Janus Henderson Group Plc 1.2 abrdn plc 6.9 M&G plc 1.0 3i Group Plc 6.6 UBS Group AG 1.0 M&G plc 4.7 abrdn plc 0.8 0.0 14.4 28.7 43.1 57.5 0.0 3.2 6.4 9.6 12.8

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -19.9 -3.7 12.6 28.8 45.1 -23.6 -9.7 4.2 18.0 31.9

Julius Baer Group Ltd 42.1 St James's Place PLC 29.4 Intermediate Capital Group Plc 30.3 3i Group Plc 18.5 3i Group Plc 17.6 Janus Henderson Group Plc 18.4 Partners Group Holding AG 15.5 Partners Group Holding AG 18.1 Hargreaves Lansdown Plc, Bristol 14.8 Intermediate Capital Group Plc 13.0 Peer Group Average 12.1 Peer Group Average 10.0 Janus Henderson Group Plc 7.7 Hargreaves Lansdown Plc, Bristol 6.9 UBS Group AG 5.8 Schroders PLC 5.9 Schroders PLC 3.5 Julius Baer Group Ltd 5.9 St James's Place PLC -5.2 UBS Group AG 0.6 abrdn plc -11.6 abrdn plc -16.5

-19.9 -3.7 12.6 28.8 45.1 -23.6 -9.7 4.2 18.0 31.9

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Financials/Asset Managers and Custodians Price: 1,439.00 GBX Report Date: September 29, 2021

Disclaimer:

© 2021 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”) and (7) The Yield Book Inc (“YB”). All rights reserved.

FTSE Russell® is a trading name of FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB. “FTSE®”, “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®”, “The Yield Book®” and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, FTSE Canada, Mergent, FTSE FI, YB. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.

All information is provided for information purposes only. All information and data contained in this publication is obtained by the LSE Group, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information and data is provided "as is" without warranty of any kind. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or of results to be obtained from the use of FTSE Russell indexes or data or the fitness or suitability of the FTSE Russell indexes or data for any particular purpose to which they might be put. Any representation of historical data accessible through FTSE Russell indexes or data is provided for information purposes only and is not a reliable indicator of future performance.

No responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special, consequential or incidental damages whatsoever, even if any member of the LSE Group is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, such information.

No member of the LSE Group nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing contained in this document or accessible through FTSE Russell indexes or data, including statistical data and industry reports, should be taken as constituting financial or investment advice or a financial promotion.

No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the LSE Group. Use and distribution of the LSE Group data requires a licence from FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB, and/or their respective licensors.