Thorney Opportunities Ltd. · ASX:TOP
Thorney Opportunities — FY2022 Earnings Presentation
14 slides from Thorney Opportunities's earnings presentation, Aug 25, 2022
Slide 1: Thorney Opportunities Ltd FY2022 Results
For personal use only THORNEY OPPORTUNITIES LTD FY2022 Results August 2022
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation has been prepared by Thorney Opportunities Ltd “TOP” and does not constitute or form part of, Neither TOP nor any other person accepts any liability and TOP, its related bodies corporate and their respective and should not be construed as, an offer,
Slide 3: About TOP
For personal use only ABOUT TOP Thorney Opportunities Ltd (TOP) is an ASX-listed investment company that invests in listed and unlisted equities and financial assets, in a variety of sectors, including media, automotive, energy, engineering and mining services and financial services. Our primary foc
Slide 4: Investment Objectives
For personal use only INVESTMENT OBJECTIVES 01 02 Producing absolute Delivering a strong returns for shareholders fully franked over the medium- to dividend stream to long-term shareholders Thorney Opportunities Ltd: FY2022 Results | August 2022 4
Slide 5: Key FY2022 Highlights
KEY FY2022 HIGHLIGHTS Net loss after tax for the full year $3.7m For personal use only Fully franked final dividend per share 1.40 cents Up 3.7% on FY2021 Total dividends incl. interim dividend paid March 2022 Up 11.6% for the 12 months ended 30 June 2022 NTA per share (before tax) 67.5 cents Down 7
Slide 6: TOP Investments as at June 2022
For personal use only TOP 10 INVESTMENTS AS AT 30 JUNE 2022 RANK COMPANY % OF PORTFOLIO 1 20 Cashews Pty Ltd (ACM)* 28.3 2 MMA Offshore 12.7 3 Money3 Corporation 11.9 4 Austin Engineering 8.7 5 Southern Cross Electrical Engineering 6.8 6 Consolidated Operations Group 5.3 7 Service Stream 4.7 8 Arden
Slide 7: Market Performance
For personal use only MARKET PERFORMANCE TOP NTA V S&P SMALL ORDINARIES ACCUM. INDEX 12 MONTHS TO 30 JUNE 2022 80.0 12,000 11,500 75.0 11,000 70.0 10,500 65.0 10,000 9,500 60.0 9,000 55.0 8,500 50.0 8,000 Jun-21 Jul-21 Jun-22 Nov-21 Apr-22 May-22 Aug-21 Sep-21 Dec-21 Jan-22 Feb-22 Mar-22 Oct-21 TOP
Slide 8: Performance
For personal use only PORTFOLIO PERFORMANCE The TOP investment portfolio (including the benefit of dividends) finished the year ended 30 June 2022 down 3.3%, outperforming the S&P Small Ordinaries Index which declined 19.5%, an outperformance of 16.2%. The decline in the NTA over the period was larg
Slide 9: Commentary (1/4)
For personal use only PORTFOLIO COMMENTARY (1/4) Money3 Corporation Ltd (MNY.ASX) continues to make solid progress towards its goal of growing its loan book well beyond $1b. Its share buyback continues to operate and reflects the strong confidence of the Board and Management in the Group’s financial
Slide 10: Commentary (2/4)
For personal use only PORTFOLIO COMMENTARY (2/4) MMA Offshore Ltd (MRM.ASX) continued to secure new contracts in a sector benefitting from increased activity and spend, as well as divesting non-core assets, leading to a strengthening of its balance sheet. MRM is well placed to benefit from higher ea
Slide 11: Commentary (3/4)
For personal use only PORTFOLIO COMMENTARY (3/4) COG Financial Services Ltd (COG.ASX) had a successful year of achievements in FY2022, as the company continued to expand its network and advisory groups. We anticipate further growth from the company in FY2023 and beyond. Two investments where profita
Slide 12: Commentary (4/4)
For personal use only PORTFOLIO COMMENTARY (4/4) EarlyPay Ltd (EPY.ASX) was impacted by the broader fintech sector volatility, but the Company has enjoyed robust trading volumes and strong growth momentum, leading to a suite of earnings upgrades over the period. AMA Group Ltd (AMA.ASX) has been a di
Slide 13: Outlook
OUTLOOK For personal use only Regardless of the considerable challenges that the world is currently facing, the TOP investment team remains cautiously optimistic. We are beginning to see some initial signs that the worst of the global market declines may be over with signs that the pressure on suppl
Slide 14: Contact
For personal use only CONTACT Corporate Investors Craig Smith, Company Secretary Gabriella Hold, Market Eye E: craig.smith@thorney.com.au E: gabriella.hold@marketeye.com.au T: + 61 3 9921 7116 T: + 61 411 364 382 Thorney Opportunities Ltd: FY2022 Results | August 2022 14