Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (November 2023)
27 slides from Excelsior Capital's shareholder meeting presentation, Nov 16, 2023
Slide 1: Annual General Meeting 2023
Excelsior Capital Limited For personal use only ANNUAL GENERAL MEETING 2023 Thursday, 16 November 2023 (Commencing at 11am) 1
Slide 2: Agenda
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited For personal use only AGENDA Chairman’s Introductions and Items of Business Presentation Opening Formalities Comments 2
Slide 3: Chairman
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited CHAIRMAN Danny is a senior corporate and commercial lawyer. Danny’s practice is For personal use only focused on initial public offerings, secondary market capital raisings, capital Mr Danny Herceg market divestments, public and private M&A, stra
Slide 4: Items of Business
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited For personal use only ANNUAL GENERAL MEETING ITEMS OF BUSINESS 4
Slide 5: Financial Statements and Reports
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited FINANCIAL STATEMENTS AND REPORTS For personal use only To receive and consider the Directors’ Report, Independent Auditor’s Report and the financial statements of the Company for the year ended 30 June 2023. Neither the Corporations Act 2021 (Cth
Slide 6: Resolution: Re-Election of Ms Leanne Catelan as a Director
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited RESOLUTION 1 Re-Election of Ms Leanne Catelan as a Director To consider and, if thought fit, to pass the following as a non-binding resolution. For personal use only Ordinary Resolution Results: The total of valid proxies received prior to meetin
Slide 7: Resolution: Remuneration Report
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited RESOLUTION 2 Remuneration Report To consider and, if thought fit, to pass the following as a non-binding For personal use only Ordinary Resolution Results: The total of valid proxies received prior to meeting for Resolution 2 is 1,300,337 being:
Slide 8: Resolution: Conditional Spill Resolution
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited RESOLUTION 3 Conditional Spill Resolution Only if required, to consider and, if thought fit, to pass as an ordinary resolution: For personal use only Ordinary Resolution: The total of valid proxies received prior to the meeting for Resolution 3 i
Slide 9: Shareholder Presentation
Excelsior Capital Limited SHAREHOLDER For personal use only PRESENTATION 2023 Annual General Meeting 9
Slide 10: Company Profile
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited COMPANY PROFILE For personal use only 10
Slide 11: Company Profile
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited COMPANY PROFILE Excelsior Capital Limited (ASX:ECL) is a listed investment company(LIC) with investments in a diversified portfolio and CMI Electrical Operations. CMI Electrical Operations specialises in the assembly The Listed Investment Fund at
Slide 12: FY Financial Performance
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited FY 23 FINANCIAL PERFORMANCE For personal use only 12
Slide 13: Financial Performance (Group)
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited FINANCIAL PERFORMANCE (GROUP) For personal use only Period Ended 30 June FY23 FY22 CHANGE Revenue* $m 104.9 93.9 12% EBITDA $m 16.3 13.3 23% EBITDA Margin % 15.5 14.0 1.5pp NPAT $m 10.2 8.0 28% NPAT Margin % 9.8 8.5 1.3pp EPS cps 35.3 27.6 7.7cps
Slide 14: CMI Electrical Operations Results
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited CMI ELECTRICAL OPERATIONS RESULTS CMI Electrical has continued to demonstrate strong organic sales and Period Ended 30 June FY23 FY22 CHANGE earnings growth across both divisions during FY23. • Cables sales of $92.3m (FY22, $86.2m) up 7% as a res
Slide 15: Investment Portfolio Performance FY23
Excelsior Capital Limited INVESTMENT For personal use only PORTFOLIO PERFORMANCE FY23 15
Slide 16: Investment Portfolio
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO Objective For personal use only To construct an investment portfolio that is low risk and conservative , whilst pursuing a strategy of making acquisitions and investments that will deliver long term investment returns. ( Exce
Slide 17: Investment Strategy and Return Drivers
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT STRATEGY AND RETURN DRIVERS For personal use only 2 Core Investment Buckets - • Cash and Equivalents - High Interest bearing deposits that underpin total return, lowers portfolio volatility and enhances liquidity • Managed Funds – Outs
Slide 18: Investment Portfolio Holdings
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO HOLDINGS Investment Portfolio Categories at 30 June 2023* Period Ended 30 June Listed For personal use only Non-listed equities • At 30 June 2023 the Investment Portfolio held a total of $22.98m of FUM equities $23k Alternati
Slide 19: 12 Month Performance to June 2023
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited 12 MONTH PERFORMANCE TO 30 JUNE 2023 Relative performance to other asset classes such as equities/bonds/60/40 For personal use only EXCELSIOR US Blackrock Eureka Hedge 10 Year USD 12 MONTHS to 30 June 2023 PORTFOLIO ASX200 60/40 FUNDS Top 50 Eure
Slide 20: Cash and Term Deposit Summary
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited CASH AND TERM DEPOSIT SUMMARY Period Ended 30 June 2023 For personal use only Institution $M Yield Type Credit Rating Macquarie 5.3 4.5% 3-Month Term A CBA 6.3 4.35% At Call A+ NAB 6.2 4.25% At Call A+ TOTAL 17.8 4.33% Blend • Forward running yie
Slide 21: Managed Investment Funds at October
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited MANAGED INVESTMENT FUNDS AT 31 OCTOBER 23 Fund Strategy Correlation to Expected Risk Market Value Equities Return $’000 For personal use only Bennelong Funds Management Interest bearing Notes N/a 11% Moderate $282 Commercial Dexus Property Fund D
Slide 22: Performance to Date and Outlook
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited For personal use only PERFORMANCE TO DATE AND OUTLOOK 22
Slide 23: Performance Year to Date and Outlook
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited PERFORMANCE YEAR TO DATE AND OUTLOOK CMI Electrical Operations Results to October 23 (unaudited) For personal use only Oct’23 Oct’22 CHANGE YTD YTD Revenue (Gross) $m 39.6 39.2 1% Revenue (Net) $m 36.2 35.6 2% EBITDA $m 5.6¹ 5.1 10% EBITDA Margin
Slide 24: Mining Sector Outlook
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited MINING SECTOR OUTLOOK “ELECTRIFICATION TO SPARK THE NEXT WAVE OF MINING INNOVATION” With rapid new advances in technology and exploration, opportunities are limitless for the future of the mining industry. In particular the electrification and mo
Slide 25: Infrastructure Project Spending Outlook
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited INFRASTRUCTURE PROJECT SPENDING OUTLOOK CMI Electrical is positioned to continue to benefit from the Australian This record investment creates new opportunities for Government’s high levels of large scale infrastructure and development company's
Slide 26: Shareholder Questions
For personal use only Excelsior Capital Limited SHAREHOLDER QUESTIONS 2023 ANNUAL GENERAL MEETING
Slide 27: Important Notice Disclaimer
2023 ANNUAL GENERAL MEETING Excelsior Capital Limited IMPORTANT NOTICE DISCLAIMER For personal use only Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other
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