FTSE COMPANY REPORT Share price analysis relative to sector and index performance Charles Stanley Group CAY Investment Banking and Brokerage Services — GBP 3.4 at close 18 June 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 18-Jun-2021 18-Jun-2021 18-Jun-2021 4 120 120 1D WTD MTD YTD Absolute -2.3 -3.7 -5.6 22.7 115 115 Rel.Sector -0.4 -1.0 -4.6 20.2 110 Rel.Market -0.6 -2.1 -5.2 12.7 3.5 110 105 105 VALUATION 100 3 100 95 Trailing Relative Price Relative Price Relative 95 90 PE 13.2 Absolute Price (local currency) (local Price Absolute 2.5 90 EV/EBITDA 4.0 85 PB 1.6 80 85 PCF 8.3 2 75 80 Div Yield 2.4 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Price/Sales 1.1 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.1 100 100 90 Div Payout 32.6 90 90 80 ROE 12.8 80 80 70 Share Index) Share Share Sector) Share - 70 - 70 60 DESCRIPTION 60 60 50 50 50 The Company operate as investment companies and 40 RSI RSI (Absolute) 40 40 provide investment management services, financial planning and pension administration. 30 30 30 20 20 20 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 10 10 10 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Charles Stanley Group 18 June 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-May-2021 31-May-2021 31-May-2021 40 25 2.5 35 20 30 +1SD +1SD 2 25 15 +1SD 20 Avg Avg 15 10 Avg 1.5 10 -1SD 5 -1SD 5 -1SD 0 ‖ ‖ 0 ‖ 1 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 JTC 75.5 Intermediate Capital Group 82.9 AJ Bell 15.9 Liontrust Asset Management 71.5 AJ Bell 32.1 City Of London Investment Group 14.4 Sanne Group 64.3 Liontrust Asset Management 29.4 Hargreaves Lansdown 14.1 Intermediate Capital Group 56.1 Sanne Group 24.7 Integrafin Holdings 12.8 AJ Bell 44.8 JTC 23.8 Liontrust Asset Management 10.5 Charles Stanley Group 13.2 Investment Banking and Brokerage Services 6.8 Investment Banking and Brokerage Services 1.9 Investment Banking and Brokerage Services 12.3 Charles Stanley Group 4.0 Charles Stanley Group 1.6 Plus500 4.0 M&G 2.1 TP ICAP Group 1.0 Georgia Capital 3.6 Quilter 1.8 Real Estate Credit Investments 1.0 Allied Minds -1.4 Allied Minds 0.0 IP Group 1.0 Real Estate Credit Investments -19.2 Real Estate Credit Investments 0.0 Standard Life Aberdeen 0.9 John Laing Group -30.1 John Laing Group 0.0 Georgia Capital 0.6 -40 -20 0 20 40 60 80 100 0 10 20 30 40 50 60 70 80 90 0 2 4 6 8 10 12 14 16 18 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-May-2021 31-May-2021 31-May-2021 25 4 1.6 1.5 3.5 1.4 20 +1SD 1.3 +1SD 3 +1SD 1.2 15 2.5 Avg 1.1 Avg Avg 1 2 0.9 10 -1SD -1SD 0.8 1.5 -1SD 0.7 5 1 0.6 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Intermediate Capital Group 80.0 Real Estate Credit Investments 8.2 Allied Minds 15.0 Standard Life Aberdeen 80.0 Plus500 7.5 John Laing Group 15.0 Liontrust Asset Management 49.0 M&G 7.5 3i Group 15.0 AJ Bell 44.6 Jupiter Fund Management 6.2 Integrafin Holdings 15.0 Rathbone Brothers Standard Life Aberdeen 33.3 5.3 Intermediate Capital Group 14.8 Investment Banking and Brokerage Services 14.9 Investment Banking and Brokerage Services 3.8 Investment Banking and Brokerage Services 1.9 Charles Stanley Group 8.3 Charles Stanley Group 2.4 Charles Stanley Group 3i Group -20.0 AJ Bell 1.4 1.1 John Laing Group -22.8 John Laing Group 1.4 TP ICAP Group 0.9 IP Group -48.3 JTC 1.0 St. James's Place 0.9 St. James's Place -60.4 IP Group 0.8 Quilter 0.6 Georgia Capital -100.0 Allied Minds 0.0 M&G 0.4 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 1 2 3 4 5 6 7 8 9 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Charles Stanley Group 18 June 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-May-2021 31-May-2021 31-May-2021 0.25 50 14 12 +1SD 0.2 40 Avg 10 Avg +1SD 0.15 30 -1SD 8 -1SD 0.1 20 6 Avg 4 0.05 10 2 0 0 ‖ ‖ 0 ‖ ‖ Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Intermediate Capital Group 4.1 Intermediate Capital Group 100.0 Plus500 50.0 M&G 1.5 XPS Pensions Group 100.0 Ninety One Plc 50.0 Sanne Group 1.0 River and Mercantile Group 100.0 Hargreaves Lansdown 50.0 JTC 0.9 Liontrust Asset Management 100.0 City Of London Investment Group 40.0 TP ICAP Group 0.6 Rathbone Brothers 100.0 AJ Bell 39.7 Investment Banking and Brokerage Services 0.5 Investment Banking and Brokerage Services 46.2 Investment Banking and Brokerage Services 16.5 Charles Stanley Group 0.1 Charles Stanley Group 32.6 Charles Stanley Group 12.8 Integrafin Holdings 0.0 IP Group 0.0 XPS Pensions Group 4.8 Hargreaves Lansdown 0.0 Georgia Capital 0.0 Quilter 4.5 Plus500 0.0 Allied Minds 0.0 John Laing Group -4.1 Ashmore Group 0.0 John Laing Group 0.0 Real Estate Credit Investments -5.9 Georgia Capital 0.0 Real Estate Credit Investments 0.0 Allied Minds -50.0 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 18 4 14 16 AJB 3.5 12 CLIG 14 HL. 3 10 IHP 12 2.5 8 LIO 10 2 PB N91 6 8 1.5 STJ 6 SNN 4 1 JTC CMCX ICP 4 PLUS 2 IGG 0.5 RIV BRW ASHM EMG SDR 2 RAT Investment Banki XPS CAYJUP JLG QLT III 0 0 RECIALM TCAP IPO MNG SLA CGEO 2017 2018 2019 2020 2021 0 0 10 20 30 40 50 60 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Charles Stanley Group 18 June 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question.