NAOS Emerging Opportunities Co. Ltd. · ASX:NCC
NAOS Emerging Opportunities — FY2014 Earnings Presentation
21 slides from NAOS Emerging Opportunities's earnings presentation, Jul 17, 2014
Slide 1: NAOS Emerging Opportunities Company 4Q FY14 Investor Briefing
Presentation on: For personal use only NAOS Emerging Opportunities Company (ASX: NCC) For: 4Q FY14 Investor Briefing Shareholder Presentation
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by NAOS Emerging Opportunities Company Ltd (ACN 161 106 510). The information in this presentation is only intended for Australian residents. The purpose of this presentation is to provide information only and the contents of the p
Slide 3: Details for June Quarter Investor Conference Call
NCC – Details for June Quarter Investor Conference Call For personal use only Date: Monday 21st July 2014 Time: 11:00am (AEST) Telephone: 1800 857 029 (National Toll Free Number) Guest Access Code: 1084 2873# If you wish to send a question via email prior to the conference call please emai
Slide 4: June Quarter Investor Briefing Agenda
NCC – June Quarter Investor Briefing Agenda For personal use only Information About the Company NTA Analysis & Capital Structure Details The NCC Competitive Advantage Historical Dividend, Share Price and Option Price Graph Total Shareholder Return Analysis Quarterly Performance & Attribu
Slide 5: Information About the Company
NCC – Information About the Company For personal use only NCC is a listed investment company (LIC) which provides investors with exposure to emerging companies through a concentrated long/short portfolio of ASX listed equities as well as unlisted companies. NCC aims to provide investors with lon
Slide 6: NTA Analysis & Capital Structure Details
NCC – NTA Analysis & Capital Structure Details For personal use only NAOS Emerging Opportunities Company (ASX:NCC) NCC Share Price as at 15th July 2014 $1.05 NCC Shares on Issue 35,226,053 Current Dividend Yield at Current Share Price 5.24% Fully Franked (7.48% Gross Yield) Directors and Manager Per
Slide 7: The NCC Competitive Advantage
NCC – The NCC Competitive Advantage For personal use only Flexibility Long/Short Portfolio Structure Benchmark/Sector Agnostic Current Funds Under Management Structured to Maintain Fund Nimbleness and Maximise Potential Shareholder Returns Well Resourced Investment Team Able to Meet with Hundreds of
Slide 8: Fully Franked Dividend, NCC and NCCOA Price History
NCC – Fully Franked Dividend, NCC and NCCOA Price History For personal use only NCCOA NCCO NCC $0.25 $1.30 $1.20 $0.23 $1.10 $0.20 $1.00 $0.18 $0.90 $0.15 $0.80 $0.70 $0.13 $0.60 $0.10 $0.50 $0.08 $0.40 $0.30 $0.05 Dividend - 2.5cps Fully Franked Dividend - 2.75cps Fully Franked $0.20 $0.03 $0.10 $0
Slide 9: Total Shareholder Return Analysis Since IPO
NCC – Total Shareholder Return Analysis Since IPO (As at 30th June 2014) For personal use only NCC Shareprice, NCCO Option Price, Reinvested Dividends (Excluding Franking Credits) $140,000 Small Ordinaries Accumulation Index (XSOAI) $130,000 $122,343 $120,000 $110,000 $100,000 $93,987 $90,000 $80,00
Slide 10: Performance: Investment Portfolio Performance
Performance: Investment Portfolio Performance For personal use only 1 month (% ) 3 months (%) 6 months (%) 1 Year (%) Since Inception (% p.a) 40 36.11 35 31.58 30.48 30 25 20 17.37 13.87 13.11 15 12.48 10 5 1.78 2.71 0.67 0.45 0 -1.11 -1.39 -5 -2.26 -4.53 -10 NCC Investment Portfolio Performance S&P
Slide 11: Stock Specific Attribution Analysis
NCC – Stock Specific Attribution Analysis For personal use only 1st March 2013 – 30th June 2014 The following tables below/over shows attribution on a stock specific level and industry level in the NCC investment portfolio since inception. NCC doesn’t disclose specific investments at this stage
Slide 12: Net Positive Attribution by Industry
NCC – Net Positive Attribution by Industry For personal use only 1st March 2013 – 30th June 2014 Percentage of NAV Percentage of NAV Industry Industry (%) (%) Insurance +11.48% Retailing +4.15% Media & Advertising +5.61% Consumer Durables & Apparel +3.55% Healthcare Equipment & Services +5.34% Banks
Slide 13: Current Portfolio Structure by Industry
NCC – Current Portfolio Structure by Industry For personal use only 30th June 2014 Education Transport & Logistics 10% 12% Financial Services & Insurance Bulk Commodities 33% 4% Mining Services 2% Media & Advertising 28% Housing Related 11% Copyright 2014 NAOS Emerging Opportunities Company Limited
Slide 14: Current Portfolio Structure by Equity/Cash Exposure
NCC – Current Portfolio Structure by Equity/Cash Exposure For personal use only 30th June 2014 Net Equity Weighting Cash & Cash Equivalents Weighting Short Exposure 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% Copyright 2014 NAOS Emerging Opportunities Company Limited ACN 161 10
Slide 15: Selection of Unlisted and Listed Company Contact
NCC – Selection of Unlisted and Listed Company Contact For personal use only April 2014 – June 2014 The Pas Group Limited (PAS) Oroton (ORL) Rhype (RHP) Lunalite (WEG) Billabong (BBG) Altium (ALU) Stream Group (SGO) HFA Group (HFA) Phosphagencis (POH) 3P Learning (TPN) Site Group (SIT) Capilano Hone
Slide 16: Market Outlook (Relative Performance of Macro Sectors vs. ASX-200)
NCC – Market Outlook (Relative Performance of Macro Sectors vs. ASX-200) For personal use only The chart below highlights the significant divergence if performance between resource and industrial companies. Over the past few months we have seen a number of leading indicators show signs of develo
Slide 17: Market Outlook Cont. (Equity Market Month Forward P/E)
NCC – Market Outlook Cont. (Equity Market 12 –Month Forward P/E) For personal use only The current ASX-200 P/E of 14.7 times and above the long term average by approximately 12%. Consensus EPS growth forecasts (FY15) for the ASX-200 are approximately 5.50% with an average yield of 4.40%. The A
Slide 18: Market Outlook Cont. (Earnings Revisions for FY15)
NCC – Market Outlook Cont. (Earnings Revisions for FY15) For personal use only Consensus revisions for earning growth for FY15 have been consistently revised downwards from just over 9.00% growth to now just 4.00% for the ASX-50. Current market dynamics continue to suit stock specific performanc
Slide 19: Shareholder Communications & Distribution Update
NCC – Shareholder Communications & Distribution Update For personal use only The NAOS website (www.naos.com.au) contains extensive information relevant to NCC including how to join the company distribution list and the latest share prices for NCC & NCCO, as well as forms for exercising options. Th
Slide 20: Question & Answer Session with the Portfolio Manager
Question & Answer Session with the Portfolio Manager For personal use only Please follow the prompts to ask a question to the Portfolio Manager. If you would prefer to ask the question at a later date please email NAOS on asenden@naos.com.au or call (02) 9947 2567. Copyright 2014 NAOS Emerging O
Slide 21: Directory
NCC – Directory For personal use only Registered Office – NAOS Asset Management Ltd Level 4, 139 Macquarie Street. Sydney, NSW 2000 Investment Enquiries – NAOS Asset Management Ltd Anneke Senden (Business Development Manager) asenden@naos.com.au (02) 9947 2567 Share Registry Enquires – Boardroom Pty
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