L1 Group Limited · ASX:L1G
L1 — L1 Capital — Investor Presentation (September 2026)
33 slides from L1's investor presentation, September 2026
Slide 1: About L1 Capital
Overview About L1 Capital Scan to access the presentation September 2026
Slide 2: L1 Capital Funds | Business overview
L1 Capital Funds | Business overview L1 Capital is a specialist investment manager founded in 2007 by Mark Landau and Rafi Lamm London Since 2017 New York and U.K. Residential Property • ‘L’ – Derived from the surnames of the founders (Lamm and Landau) Miami Since 2015 • ‘1’ – Genuine firm-wide aspi
Slide 3: Growth of L1 Capital capabilities and FuM
Growth of L1 Capital capabilities and FuM L1 Group FUM The L1 Capital FuM has grown through performance, inflows and selectively $19.0b1 adding new strategies $15 Billions (A$) Merger of L1 Capital and Platinum $12 International Fund converted Catalyst Fund to ETMF (ASX:L1IF) launched International
Slide 4: L1 Capital Funds | Investment-led culture
L1 Capital Funds | Investment-led culture Global Long Short Fund (GLSF) Long Short Fund (LSF) Global Opportunities International Equities 61.1% p.a. net return S.I.1 (MSCI World 20.8% p.a.) 20.7% p.a. net return S.I.2 (ASX200AI 8.2% p.a.) 26.3% p.a. net return S.I.4 12.6% p.a. net return S.I.
Slide 5: L1 Capital Global Long Short Strategy
1 L1 Capital Global Long Short Strategy About L1 Capital 5
Slide 6: Why invest in the L1 Capital Global Long Short Strategy?
Why invest in the L1 Capital Global Long Short Strategy? Proven investment approach and team with unconstrained global universe Global Long Short Strategy Extension of existing LSF approach: L1 track record • Same research, investment process and Best performing Australian long short investment team
Slide 7: Same investment process, team and objectives as LSF
Same investment process, team and objectives as LSF LSF Australia/NZ 70% GLSF Global 100% GLSF absolute return objective Global 30% 10% net returns p.a. over the long term Better downside protection vs. market GLSF Same as LSF1 Portfolio managers Investment team Investment philosophy GLSF characteri
Slide 8: L1 Capital Global Long Short Fund | Performance
L1 Capital Global Long Short Fund | Performance March quarter dominated by Iran War and risk-off backdrop March quarter dominated by the War in Iran L1 Capital Global Long • Strong start in January and February MSCI World Outperformance offset by drawdown in March Short Fund Strategy • L1 track-reco
Slide 9: L1 Capital Long Short Strategy
2 L1 Capital Long Short Strategy About L1 Capital 9
Slide 10: L1 Capital Long Short Fund | Overview
L1 Capital Long Short Fund | Overview Highly diversified, long short strategy applying L1 Capital’s intensive, fundamental bottom-up research process Fund characteristics • Deep valuation and industry research to identify attractive opportunities 50 – 100 positions • Extensive network in Australia a
Slide 11: L1 Capital Long Short Fund | Investment philosophy
L1 Capital Long Short Fund | Investment philosophy Value (50%) + Quality (50%) = Investment appeal Value Managers Growth Managers Focused on valuation and stocks that are ‘cheap’ Value Target Quality Focused on earnings growth and business quality portfolio Risk Risk May buy a ‘value trap’ May buy o
Slide 12: Best performing Australian long short strategy since inception
Best performing Australian long short strategy since inception1 Strong absolute and relative performance L1 Capital Long S&P/ASX 200 Accum. Period returns (Net %) Outperformance Short Index (AUD) March quarter dominated by the War in Iran • Strong start in January and February 3 months 7.1 4.5 +2.5
Slide 13: L1 Capital International
3 L1 Capital International About L1 Capital 13
Slide 14: L1 Capital International Strategy | Overview
L1 Capital International Strategy | Overview High conviction international equities fund investing with industry leaders across all market caps Strategy characteristics • High conviction strategy developed over >15 years Strategy inception date: • Portfolio of ~25 companies with favourable cashflow-
Slide 15: L1 Capital International (Unhedged) Active ETF
L1 Capital International (Unhedged) Active ETF A benchmark-agnostic, high-conviction portfolio focused on quality and consistent outcomes Fund performance* (Net, %) Fund Benchmark** Alpha Performance objectives 1 month 1.1 0.5 +0.5 • Seeks to deliver attractive 3 months 7.3 2.8 +4.5 risk-adjusted re
Slide 16: Current portfolio positioning | Diversified by industry, region and company size
Current portfolio positioning | Diversified by industry, region and company size Portfolio focused on high-quality companies in developed markets in a range of well-structured and growing industries Sector exposure Revenue exposure by region1 Semiconductor 14% Payments 13% Consumer Discretionary 12%
Slide 17: L1 Capital Catalyst Fund
4 L1 Capital Catalyst Fund About L1 Capital 17
Slide 18: L1 Capital Catalyst Fund | Overview
L1 Capital Catalyst Fund | Overview Best ideas fund with an activist overlay focused on unlocking value in Australian companies Fund characteristics • Engages with companies to identify and accelerate catalysts Typically 10 stocks • Leverages L1’s Australian equities FuM, resourcing and relationship
Slide 19: Ranked #1 out of 92 Australian long-only equity funds over 5 years
Ranked #1 out of 92 Australian long-only equity funds over 5 years¹ L1 Capital Catalyst Fund | Performance history L1 Capital Catalyst S&P/ASX 200 Accum. Period returns (Net %) Outperformance Fund Index (AUD) 1 Month (1.0) 1.5 (2.5) Delivered 11.8% p.a. since 3 Months (3.0) 4.5 (7.5) inception vers
Slide 20: L1 Capital Global Opportunities Fund
5 L1 Capital Global Opportunities Fund About L1 Capital 20
Slide 21: L1 Capital Global Opportunities Fund | Overview
L1 Capital Global Opportunities Fund | Overview Highly diversified global multi-strategy hedge fund seeking to provide superior risk-adjusted returns with a focus on capital Fund characteristics preservation and risk management Inception date: 1 June 2015 • Invests in small to mid-caps globally acro
Slide 22: L1 Capital Global Opportunities Fund | Performance history
L1 Capital Global Opportunities Fund | Performance history L1 Capital Global Opportunities Fund 3 months 3.3 • Delivered 26.3% p.a. since launch in 6 months 4.5 June 2015 1 year 11.5 • Positive returns in every month since launch 2 years p.a. 19.7 • Outstanding downside protection 3 years p.a. 16.5
Slide 23: Global Opportunities Fund: Sources of competitive advantage
L1 Capital Global Opportunities Fund Sources of competitive advantage Positive Performance has Investment Minimal performance been diversified book gaining concentration every year since globally optionality risk inception Total net return Investment profits Over time the book Largest position of 1
Slide 24: Appendix
6 Appendix About L1 Capital 24
Slide 25: Global Long Short Strategy | Key characteristics
L1 Capital Global Long Short Strategy | Key characteristics Strategy launch date 1 January 2025 Investment approach Absolute return, bottom-up stock picking globally. Rigorous, independent research with a contrarian bias. Investment objective The objective of the Fund is to achieve strong, positive,
Slide 26: Long Short Strategy | Key characteristics
L1 Capital Long Short Strategy | Key characteristics Strategy launch date 1 September 2014 Investment approach Absolute return, bottom-up stock picking. Rigorous, independent research with a contrarian bias. Investment objective 10% net return p.a. (on average) over a 5 – 7 year period Benchmark Non
Slide 27: Catalyst Fund | Key Characteristics
L1 Capital Catalyst Fund | Key Characteristics Strategy launch date 1 July 2021 Seeks to identify high-quality, fundamentally undervalued companies that have clear, recognisable catalysts to deliver strong investment Investment approach returns Investment objective To deliver strong positive risk ad
Slide 28: Catalyst Fund | Key Characteristics
L1 Capital Catalyst Fund | Key Characteristics Strategy launch date 1 July 2021 Seeks to identify high-quality, fundamentally undervalued companies that have clear, recognisable catalysts to deliver strong investment Investment approach returns Investment objective To deliver strong positive risk ad
Slide 29: International Strategy | Key characteristics
L1 Capital International Strategy | Key characteristics Strategy launch date 1 March 2019 Investing in high quality companies with favourable cashflow-based valuations in well-structured industries using fundamental, bottom-up Investment approach analysis with detailed risk assessment. Investment ob
Slide 30: Global Opportunities Fund | Key Characteristics
L1 Capital Global Opportunities Fund | Key Characteristics Strategy launch date 1 June 2015 The Fund uses rigorous fundamental analysis to invest in small to mid-capitalisation securities around the world across the capital structure. It uses macro themes to identify its investment targets then stru
Slide 31: Important information
Important information L1 Capital Pty Ltd This communication has been prepared by L1 Capital Pty Ltd (ABN 21 125 378 145 and AFS Licence 314302) on behalf of the L1 Capital Group to provide you with general information only. In preparing it, we did not take into account the investment objectives, fin
Slide 32: Contact us
Contact us Research Aman Kashyap akashyap@L1Group.com.au +61 477 341 403 Diarmuid Feeney dfeeney@L1Group.com.au +61 416 347 190 Advisers Allan Evans aevans@L1Group.com.au +61 400 993 597 Bryce Leyden bleyden@L1Group.com.au +61 407 876 532 For more Clifford Fernandes cfernandes@L1Group.com.au +61 411
Slide 33: Please contact us with any questions.
Please contact us with any questions. Level 45, 101 Collins Street, Melbourne VIC 3000 Phone +61 3 9286 7000 Web www.L1.com.au ABN 21 125 378 145 | AFSL 314302