Litigation Capital Mgmt.

LIT

AU000000LCA6

Business Support Services

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03-19	Litigation Capital says time is ripe for sector after profitable half	AN
01-02	Panthera subsidiary notifies Indian government over Bhukia dispute	AN

Litigation Capital Mgmt : Annual Report 30 June 2022

September 20, 2022 at 03:00 am

Annual Report

and Financial

Statements

2022

Litigation Capital Management Limited ACN 608 667 509

CONTENTS

Strategic Report

Our Business at a Glance	6
Chair's Letter	8
Our Principles	10
Our Business Model	14
Group Strategies and KPIs	18
CEO Review	20
Market Overview	29
Financial Review	35
Risk Management and Internal Controls	43
Sustainability Report	49

Governance

Introduction to Governance	53
Board of Directors	54
The QCA Corporate Governance Code	56
Corporate Governance Statement	61
Directors' Report	71
Auditor's Independence Declaration	76

Financial Statements

Consolidated Statement of Profit
or Loss and other Comprehensive Income	78
Consolidated Statement of Financial Position	79
Consolidated Statements of Changes in Equity	80
Consolidated Statements of Cash Flows	81
Notes to the Financial Statements	82
Directors' Declaration	115
Independent Auditor's Report	116
Additional Notes on Shareholdings	119
Corporate Directory	121

We have delivered improved performance and continue to build scale with a disciplined approach.

PATRICK MOLONEY

CEO

Litigation Capital Management Limited

Our

Purpose

We strive to deliver growth in our asset management business and through disciplined investment we strive to deliver value and performance that stand out amongst our industry peers.

Annual Report and Financial Statements 2022

STRATEGIC REPORT

GOVERNANCE

FINANCIAL STATEMENTS

FY22 Highlights

We have made meaningful progress in relation to our strategic objectives with growth in our asset management business.

PATRICK MOLONEY

CEO

A$414

TOTAL ASSETS UNDER MANAGEMENT ($M)

For more information on the Total Assets Under Management, please see page 22 of the CEO Review.

79%

ELEVEN-YEAR CUMULATIVE PORTFOLIO INTERNAL RATE OF RETURN (IRR)

FY22	79%


FY21	78%


FY20	78%

163%

ELEVEN-YEAR CUMULATIVE PORTFOLIO RETURN ON INVESTED CAPITAL (ROIC)

FY22	163%


FY21	153%


FY20	134%

DIVERSIFIED PORTFOLIO BY INDUSTRY TYPE AND CAPITAL COMMITMENT (A$M)

$92m

$3m	$190m
$17m

$19m
$55m
$38m
Class action	Portfolio
Commercial disputes	Recoveries
Insolvency	Arbitration
Intellectual Property

2	Litigation Capital Management Limited

A$104m

CAPITAL COMMITTED IN YEAR ($M)

FY22	104


FY21	109
FY20

147

A$414m

TOTAL COMMITTED PORTFOLIO ($M)

FY22	414


FY21	336
FY20

250

442

NUMBER OF APPLICATIONS

FY22	442


FY21	572


FY20	522

A$47.4m

REVENUE ($M)

FY22	47.4


FY21	37.1

FY20
38.4

A$66m

CAPITAL INVESTED ($M)1

FY22	66


FY21	88
FY20

52

1. Capital deployed includes $37.3 million related to the third party fund

Annual Report and Financial Statements 2022

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Disclaimer

Litigation Capital Management Ltd. published this content on 19 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 06:59:00 UTC.

Latest news about Litigation Capital Mgmt.

Litigation Capital says time is ripe for sector after profitable half	03-19	AN
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Litigation Capital Management begins AUD10 million share buyback	23-10-05	AN
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Litigation Capital Management hails outcome of class action it funded	23-09-04	AN
Litigation Capital Management-backed Claimants Settle Class Action with Australian Government	23-09-04	MT
Panthera Resources Further Extends LCM Funding's Due Diligence Deadline	23-08-22	MT
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Litigation Capital Management claimant wins award in favour	23-06-19	AN
Litigation Capital Management-backed Claimant Wins International Arbitration Case; Jumps 14%	23-06-19	MT
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Company Profile

Litigation Capital Management Limited (LCM) is an Australia-based litigation finance company. The Company is primarily engaged in providing dispute finance and risk management services. It operates through two business models: direct investments and funds/asset management. It pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. It provides funding across multiple jurisdictions and sectors. It lends its financial support to litigants seeking single-case financing and portfolio funding, and in relation to class actions, commercial claims, international arbitration and claims arising out of insolvency. Its acquisitions of claims include investments in smaller disputes through the acquisition or assignment of the underlying cause of action. Its products and services include dispute finance for companies, international arbitration, law firms, disbursement funding, adverse costs and security for costs, and enforcement funding.

Sector

Business Support Services

Calendar

2024-09-16 - Q4 2024 Earnings Release (Projected)

More about the company

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