Investing, Uncompromised

earnings per share

revenue

Corporate ProfileAs of March 31, 2016 | HNNA

hennessyadvisors.com | 800-966-4354

Neil J. HennessyFounder, President, Chairman & CEO

Neil Hennessy is a seasoned CEO and portfolio manager with more than three decades of financial industry experience. Neil began his career as a financial advisor before opening his own investment management firm in 1989. Neil has a successful history acquiring asset management contracts and starting mutual funds, and today he oversees approximately $6.4 billion in assets in 16 mutual funds.

Neil is a recognized and respected asset manager who has ranked among Barron’s Top 100 Mutual Fund Managers for many years. He is a frequent contributor to national financial media including CNBC, Fox Business, Bloomberg TV and Radio, The Wall Street Journal, Barron’s and Kiplinger’s, among other leading publications.

Neil graduated from the University of San Diego and the Wharton School of Upper Management through the SIA.

hypothetical growth of $10,000 (since inception – 3/31/16)

0.00

0.20

0.40

0.60

0.80

$0.07$0.19

$0.48 $0.53

$0.73 $0.70

$0.28

-$0.03

$0.16 $0.21 $0.17

$0.83

$1.30

1.00

1.20

1.60

1.80

$2.00

1.40

2014201320122011201020092008200720062005200420032002

$1.91

2015

$1.35*

YTD2016

Results are post stock splits, which occured on 3/8/05, 3/7/06 and 3/7/07.For the �scal year ended 9/30.*YTD 2016 represents six months ended 3/31/16.

$25.3*

YTD2016

in millions

0

5

10

15

20

25

$2.3$4.8

$9.5$12.0

$16.9 $16.1

$10.3

$5.8$7.7 $7.6 $7.1

$24.3

$34.535

$45

30

40

2014201320122011201020092008

$44.7

2015200720062005200420032002

For the �scal year ended 9/30.*YTD 2016 represents six months ended 3/31/16.

$94,7743/31/16

10,000

0

20,000

30,000

40,000

50,000

60,000

70,000

80,000

9/149/139/129/119/109/099/089/079/069/059/049/039/02

Total return, including dividends earned.

90,000

100,000

110,000

$120,000

9/15

firm facts

Ticker HNNA (NASDAQ)

Sector Financial Services

Industry Asset Management

Founded 1989

Employees 22

Market Cap $135 million

Assets Under Management $6,424 million

Total Shares Outstanding 5.07 million

milestones and acquisition history

1989 Firm commenced operations

1996 Launched its first mutual fund, Hennessy Balanced Fund

1998 Launched Hennessy Total Return Fund

2000 Acquired Cornerstone Value and Cornerstone Growth Funds

2002 Initial Public Offering

2003 Acquired SYM Select Growth Fund and launched Hennessy Cornerstone Mid Cap 30 Fund

2004 Acquired Lindner Asset Management and merged five funds into existing Hennessy Funds

2005 Acquired Henlopen Fund and launched Hennessy Cornerstone Growth Fund, Series II

2009 Acquired Tamarack Large Cap Growth Fund and Tamarack Value Fund and launched Hennessy Cornerstone Large Growth Fund and Hennessy Large Value Fund

2009 Acquired SPARX Japan Fund and SPARX Japan Smaller Companies Fund, the predecessors to Hennessy Japan Fund and Hennessy Japan Small Cap Fund

2012 Acquired the FBR Funds, merged three funds into existing Hennessy Funds and added the following seven funds to the line-up: Hennessy Focus Fund, Hennessy Gas Utility Fund, Hennessy Small Cap Financial Fund, Hennessy Large Cap Financial Fund, Hennessy Technology Fund, Hennessy Equity & Income Fund and Hennessy Core Bond Fund

2014 Stock listing moved to NASDAQ from OTC BB

2015 Completed self-tender offer to repurchase 1 million shares at $25.00 per share

Information contained within this profile relates to Hennessy Advisors, Inc. This material is not intended to promote the Hennessy Funds.

dividends

Annual Dividend $0.26

Yield (annualized) 0.97%

Annual Dividends Paid Quarterly

Dividend Growth

1 Year 36.84%

3 Year 27.65%

5 Year 16.6%

financial highlights

Stock Price $26.70

52-Week Closing High $32.46

52-Week Closing Low $18.58

P/E Ratio* 10.76x

P/B Ratio 4.50x

Pre-Tax Margin* 44.54%

Earnings Per Share* $2.48

Return on Equity* 51.43%

*Trailing 12 months as of 3/31/16

Hennessy Advisors, Inc. (HNNA) As of March 31, 2016

contact us

Teresa M. Nilsen CFO and COO 800-966-4354

terry@hennessyadvisors.com

Hennessy Advisors, Inc. 7250 Redwood Blvd, Suite 200

Novato, CA 94945

HENNESSYADVISORS.COM

about us

Hennessy Advisors, Inc. is a publicly traded investment manager that oversees, services and markets the family of Hennessy Funds. Hennessy offers a broad range of mutual funds, including traditional equity, specialty category and sector funds, as well as more conservative balanced and fixed income products, with strategies that can play a role in nearly every investor’s portfolio allocation. Hennessy is committed to its consistent and repeatable investment process and to its unwavering dedication and superior service to shareholders.

assets under management

$1,222

$374

$1,807$2,056

$1,721

$892 $749 $919

$4,034

$5,521

$876 $923$835

2014201320122011201020092008200720062005200420032002

in millions

$5,988

2015

1,000

2,000

3,000

4,000

5,000

$7,000

6,000

0

$6,424*

YTD2016

For the �scal year ended 9/30.*Represents assests under management as of 3/31/16.