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ONEX Corporation
8/5/2021
Welcome to ONIX second quarter 2021 conference call and webcast. During the presentation, all participants will be in listen-only mode. Afterwards, we will conduct a question and answer session with pre-qualified analysts. At that time, if you have a question, please press star one on your telephone keypad. If at any time during the conference you need to reach the operator, please press star then zero. As a reminder, this conference is being recorded. I will now turn the conference over to Jill Hominick, Managing Director, Shareholder Relations and Communications at Onyx. Please go ahead.
Thank you. Good morning, everyone, and thanks for joining us. We're broadcasting this call on our website. Hosting the call today are Jerry Schwartz, our founder and CEO, Bobby LeBlanc, Onyx's President and Head of Onyx Partners, and Chris Govan, our Chief Financial Officer. Earlier this morning, we issued our second quarter 2021 press release, MD&A, and consolidated financial statements, which are available on the shareholder section of our website and have also been filed on CDAR. Our supplemental information package is also available on our website. As a reminder, all references to dollar amounts on this call are in U.S., unless otherwise stated. I must also point everyone to our webcast presentation for our usual disclaimer and cautionary factors relating to any forward-looking statements contained in today's presentation and remarks. With that, I'll now turn the call over to Jerry.
Thanks, Jill. Good morning, everyone, and thanks for joining us today. Q2 was another good quarter for ONIX. All of our businesses continued to execute well. Investing capital per share increased. sometimes referred to or commonly referred to as net asset value per share or NAV per share, ended the quarter at US $80.32. Private equity had a particularly active quarter with both deployments and realizations extending right into Q3. At Omnics Credit, the team made good progress on our objective to make our CLO business less capital intensive. Gluskin Chef delivered a quarter with positive net inflows, and client capital in our private strategies continuing to increase. Bobby and Chris will provide more detail on this. Across our businesses, our focus on stronger integration continues to enhance results. Through our one-on-x approach, our team is working together to identify and to leverage opportunities for the benefit of all of our stakeholders, including, of course, shareholders. At our September 30th Investor Day, we will lay out a roadmap for how ONIX will evolve and grow in the coming years. You will hear detailed presentations from each of our business leaders. We plan also to highlight our expanding ESG programs, and we look forward to introducing more of our senior leaders. Our Investor Day will be a good opportunity to profile the progress we've made in the year since we announced our management changes in the appointment of Bobby as president. I'm proud of the work that our team has done to advance our businesses and our financial performance. We have significant momentum across ONIX and I'm confident in our ability to continue to deliver strong long-term value. Our goal is to ensure that the value and potential we see is also appropriately reflected in the value we provide to you, our shareholders. As always, we appreciate your continued support. Thank you for that. Now I'll turn it over to Bobby for more on the quarter.
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