Sprott Inc. (NYSE:SII) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET
Company Participants
Whitney George – Chief Executive Officer
Kevin Hibbert – Chief Financial Officer and Senior Managing Partner
John Ciampaglia – Chief Executive Officer-Sprott Asset Management
Conference Call Participants
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2022 Annual Results Conference Call. At this time all participants are in a listen-only mode. Following the presentation, we will conduct the question-and-answer session. Instructions will be provided at that time for your to queue up for questions. As a reminder, this conference is being recorded today, February 24, 2023.
On behalf of the speakers that follow, listeners are cautioned that today's presentation and the responses to questions may contain forward-looking statements within the meaning of the safe harbor provision of the Canadian provincial securities law. Forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. For additional information about factors that may cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements, please consult the MD&A for the quarter and Sprott's other filings with the Canadian and U.S. securities regulators.
I will now turn the conference over to Mr. Whitney George. Please go ahead, Mr. George.
Whitney George
Thank you, moderator, and good morning, everyone, and thanks for joining us today. On the call today with me is our CFO, Kevin Hibbert; and John Ciampaglia, CEO of Sprott Asset Management. Our 2022 annual results were released this morning and are available on our website where you can also find the financial statements and MD&A. I'll start on Slide 4. Sprott's positioning in precious metals and energy transition materials served our shareholders well during a very challenging year in 2022. Our physical trust and private strategies delivered strong net sales and continue to be key drivers of AUM growth. We've made good progress building scale in our ETF business through the 2022 acquisition of URNM and several new products offered early in 2023.
We launched an actively managed energy transition strategy to capitalize on the depth of our investment team, and we are pleased with the early results. We're currently experiencing very high levels of engagement from both new and existing investors. The expansion of our energy transition offerings has attracted the interest of a global investor audience in new geographies and new demographics. We expect these activities to translate into meaningful AUM growth when markets stabilize and investors reposition themselves for the new geopolitical and global economic realities. We are focused on our core asset management activities and have been gradually transitioning away from transaction-oriented business.