Clime Investment Management Ltd · ASX:CIW
Clime Investment Management — Investor Presentation (November 2009)
24 slides from Clime Investment Management's investor presentation, Dec 1, 2009
Slide 1: Briefing by Paul Jensen (ASX announcement cover note)
Clime Investment Management Limited ABN 37 067 185 899 Level 1, 7 Macquarie Place, Sydney NSW 2000 Australia PO Box R1297 Royal Exchange NSW 1225 Australia p +61 2 9252 8522 f +61 2 9252 8422 web www.clime.com.au Clime Investment Management Limited (CIW) For personal use only Australian Stock Exchan
Slide 2: Investor Briefing
For personal use only IInvestment t t Briefing B i fi Investor Briefing September 2009 Paul Jensen Clime Investment Management Limited
Slide 3: Investor Briefing agenda
Clime Investment Management g Limited For personal use only I Investor Briefing B i fi 1. Business Review & Clime 2010 2. Financial Review 2009
Slide 4: Business Review & Clime 2010
For personal use only Business Review & Clime 2010
Slide 5: June 2009 Operations Update
30 June 2009 Operations p Update p For personal use only ¾ Both of our operating divisions performed well in 2008/09 o Funds management – Clime Asset Management o Online company valuation service – StockVal ✓ Strong investment performance ✓ Positive funds flow in funds management ✓ Strong membership
Slide 6: Clime Asset Management: Funds Management
Clime Asset Management For personal use only Funds Management ¾ Funds management’s strategic focus in 2009 – Improving the investment discipline & process – Strengthening our professional investment team – Maintaining client relationships ¾ Funds management delivered against these objectives – Consi
Slide 7: Consistency of investment performance has improved dramatically in 2009
The consistency of investment performance has improved dramatically in 2009. For personal use only Clime Capital Limited monthly outperformance of the ASX All Ordinaries Accum. Index 10% 8% 6% 4% 2% 0% ul-06 Occt-06 Decc-06 n-07 b-07 Mar-07 Apr-07 n-07 ul-07 Occt-07 Decc-07 n-08 b-08 Mar-08 Apr-08 n
Slide 8: Strong portfolio performance across all portfolios
Strong portfolio performance has been delivered across all portfolios For personal use only 3 months 1 year 2 years* 3 years* 4 years* Clime Value Growth Fund 24.3% 29.3% -1.3% 7.2% N/A Clime Capital Limited 23.3% 26.8% -5.4% 2.1% 7.5% ASX All Ordinaries Acc. Index 21.6% 7.4% -11.2% 1.7% 5.2% Clime
Slide 9: Funds management focus 2010
Clime Asset Management g For personal use only Funds management focus 2010 ¾ Continue to build on disciplined investment process. – creation of new funds. ¾ Aggressive expansion of funds management distribution. – Organic O i growthth o Engage new BDMs to target retail market (CVGF & CHYUF), B2B mar
Slide 10: 2010 Funds Under Management Target
Clime Asset Management For personal use only Funds Management 2010 Funds Under Management Target Funds under management Balance 30 June 2009 $162m - Organic growth $55m - Acquisition growth $75m 30 June 2010 $292m +80%
Slide 11: StockVal strategic focus 2009
On-line Company Valuation Service For personal use only StockVal StockVal strategic focus 2009 ¾ Improve the quality of the service – Improved the consistency of company valuations & commentary – Introduced weekly market view, company research articles, publish bli h St StockVal kV l ttop & b bottom
Slide 12: StockVal focus 2010
On-line Company Valuation Service For personal use only StockVal StockVal focus 2010 ¾ Broaden distribution – Increase brand presence presence, increase marketing expenditure – Create on-line presence – Continued development of affiliate partner distribution relationships – Maintain StockVal sales s
Slide 13: Corporate focus 2009
Clime Investment Management For personal use only Corporate Corporate focus 2009 ¾ Ensure staff are appropriate & skilled – Hired expertise ¾ Company p y structure simplification p – Deregistered & closed non-strategic entities – JV non-core investments, created Total Funds Services Limited ¾ Focus
Slide 14: Corporate focus 2010
Clime Investment Management For personal use only Corporate Corporate p focus 2010 ¾ Actively pursue acquisitions / JVs that will drive funds management FUM and/or StockVal memberships ¾ Continue active management of balance sheet investments ¾ Continue share buyback program ¾ Objective to pay regul
Slide 15: YTD Operations
YTD Operations & Corporate Update For personal use only October 2009 Funds management 30 June 2009 31 October 2009 FUM $162m $182m StockVal 30 June 2009 31 October 2009 Membership Numbers 1252 1453 Corporate 30 June 2009 31 October 2009 Investments MTM* $13,504,460 $14,978,046 Investments** $8,222,0
Slide 16: Financial Review 2009
For personal use only Financial Review 2009
Slide 17: Profit & Loss June 2008 and June 2009
Profit & Loss June 2008 and June 2009 For personal use only The severe downswing in the financial markets negatively affected our business. 2009 2008 $’000 $’000 Revenue from continuing operations 2,898 4,143 Note 1 Administration expenses (4 926) (4,926) (4 129) (4,129) Note 2 Impairment expenses (
Slide 18: Revenue Reconciliation Analysis
Note 1 - Revenue Reconciliation Analysis For personal use only J ne 2008 and JJune June ne 2009 Revenue from Continuing Per Accounts to 30 June 2008 4,143,484 Operations Accounting Policy Impacts Adjustment to defer StockVal revenue in line (592,206) Timing with membership duration difference Adjust
Slide 19: Expense Reconciliation Analysis
Note 2 - Expense Reconciliation Analysis For personal use only J ne 2008 – June June J ne 2009 Administration Expenses Per Accounts to 30 June 2008 4,129,070 Operational Impacts Employee entitlements 44,958 Responsible Entity establishment and management 178,023 Professional & consulting fees 272,01
Slide 20: Balance Sheet Analysis: Investments
Note 3 - Balance Sheet Analysis Investments For personal use only June 2008 to June 2009 Book Price Book Price Book Value Book Value Contribution to I Investment t t 30/6/08 31/12/08 31/12/08 30/6/08 profit/(loss) Headline Group Limited $0.21 $0.14 $1,615,137 $2,398,633 ($799,402) Loftus Capital Pty
Slide 21: Mark to Market Investments
Note 4 - Balance Sheet Analysis Mark to Market Investments For personal use only June 2008 to June 2009 Investment Market Price Market Value Market Value Contribution to 30/06/09 30/06/09 30/6/08 * profit/(loss) Clime Capital Limited $0.76 $3,363,179 $3,796,634 ($433,455) (ASX:CAM) Clime Capital Lim
Slide 22: Balance Sheet Analysis June 2009
Balance Sheet Analysis For personal use only J June 2009 Net Tangible Assets Cash $4,185,259 21% Listed investments $6,366,924 32% Unlisted investments / other $7,001,547 35% Unlisted Unit Trusts $2,356,929 12% $19,910,659 100% Intangible Assets Goodwill FUM / FUA $4,566,034 85% 2.8% of FUM Goodwill
Slide 23: Equity per share & NTA Analysis
Equity per share & NTA Analysis For personal use only As at 31 October 2009 $ per share Equity summary Net Tangible Assets $23,200,124 $ 0.46 Goodwill $5,382,321 $0.11 Equity per share $0.57 Comparison to market price CIW share price 27/11/2009 $0.425 Discount to NTA $ 0.035 -8% Discount to equity $
Slide 24: Capital Management: Share buyback
Capital Management For personal use only Share buyback ¾ On 16th September 2009 the board of Clime announced its 5th intention to conduct on-market buy back of Clime Investment Management Ltd shares. 1 July 2008 number of shares on issue 53,652,440. ¾ From 1 July 2008 to 30 June 3,218,942 shares wer
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