NGE Capital Ltd · ASX:NGE
NGE Capital — Investor Presentation (January 2019)
17 slides from NGE Capital's investor presentation, Jan 31, 2019
Slide 1: NGE Capital Limited Investor presentation
For personal use only NGE Capital Limited (ASX:NGE) Investor presentation 31 January 2019
Slide 2: Disclaimer
Disclaimer For personal use only The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of NGE Capital Limited (NGE Capital) and or its various business activities. While management of NGE Capital have taken every effort to ens
Slide 3: Company snapshot
Company snapshot For personal use only NGE Capital Limited (NGE or Company) is a Listed Summary as at 31 December 2018 Investment Company (LIC) which allows investors to invest in a concentrated, high Ticker ASX:NGE conviction, professionally managed portfolio of Share price $ 0.580 financial asse
Slide 4: Performance
Performance For personal use only Growth in NTA per share Share price performance (1) Since inception (1) Since inception FY2017 FY2018 (p.a.) (cum.) FY2017 FY2018 (p.a.) (cum.) 26.8% 21.4% 21.5% 50.0% NGE 16.7% 27.5% 21.0% 48.7% Note: Returns are before tax and net of all operating expenses. ASX 20
Slide 5: A top performing LIC
A top performing LIC For personal use only NGE has been the best performing LIC on the ASX since inception (30 November 2016). Total portfolio return since inception – NGE (NTA per share before tax, net of all operating expenses) +50.0% $0.793 $0.815 $0.765 $0.629 $0.630 $0.612 $0.565 $0.595 $0.51
Slide 6: Investment philosophy
Investment philosophy For personal use only Target investments that can generate strong returns with an adequate margin of safety • Individual securities can and do significantly deviate away from their fair value. • Potential to generate strong risk-adjusted returns by investing in select securitie
Slide 7: Investment process
Investment process For personal use only Idea generation Proprietary research • Screening • Fundamental analysis • Identify mispricing • Company meetings / site visits • Leverage network of contacts • Speak to experts Investment decision Assessment • Buy, hold, sell, wait, do nothing • Qualify again
Slide 8: NGE portfolio
NGE portfolio For personal use only Key characteristics – 31 December 2018 Top holdings – 31 December 2018 Listed equities 69% Listed equities Unlisted equities 22% United Company RUSAL HKE:0486 19.2% Convertible notes 3% Yellow Cake plc LSE:YCA 15.4% Cash balance(1) 6% Eureka Group ASX:EGH 8.7% (1)
Slide 9: RUSAL
Portfolio holding: RUSAL For personal use only United Company RUSAL plc (HKE:0486) Snapshot Description Vertically integrated aluminium producer, Ticker HKE:0486 responsible for ~6% of global aluminium supply. Price (30 Jan 2019) HKD 3.250 Operates 12 aluminium smelters (4mtpa capacity), 10 alum
Slide 10: Yellow Cake
Portfolio holding: Yellow Cake For personal use only Yellow Cake plc (LSE:YCA) Yellow Cake NAV as at 31 Dec 2018 Description Listed investment company whose strategy is to buy and Uranium holdings mmlb 8.44 hold physical uranium for the long-term. Spot price US$/lb 28.50 Currently holds 8.4mmlbs
Slide 11: Eureka Group
Portfolio holding: Eureka Group For personal use only Eureka Group Holdings Limited (ASX:EGH) Snapshot Description Provider of low cost rental accommodation to Ticker ASX:EGH independent retirees who are reliant on the Government pension and Rent Assistance. Price (30 Jan 2019) $ 0.270 The compa
Slide 12: Horizon Oil
Portfolio holding: Horizon Oil For personal use only Horizon Oil Limited (ASX:HZN) Snapshot Description Oil and gas producer, with a 26.95% interest in Ticker ASX:HZN producing assets in the Beibu Gulf, offshore China, a Price (30 Jan 2019) $ 0.120 26% interest in the producing Maari/Manaia fields
Slide 13: Base Resources
Portfolio holding: Base Resources For personal use only Base Resources Limited (ASX:BSE) Snapshot Description Owns and operates the Kwale Mineral Sands Project Ticker ASX:BSE in Kenya, which produces zircon, ilmenite and rutile. Price (30 Jan 2019) $ 0.240 Owns 85% (with option to purchase remai
Slide 14: Warrior Met Coal
Portfolio holding: Warrior Met Coal For personal use only Warrior Met Coal (NYS:HCC) Snapshot Description Producer and exporter of metallurgical coal from two Ticker NYS:HCC underground mines located in Alabama. Price (30 Jan 2019) US$ 28.30 Operational capacity to mine ~8 million short tons Mar
Slide 15: Powerwrap
Portfolio holding: Powerwrap For personal use only Powerwrap Limited Peer comparison Description Powerwrap is an unlisted public Mkt FY18 FY18 EV / company that provides investment FUA cap EV Revenue EBITDA Revenue portfolio administration services. Company $bn (1) $m (2) $m $m $m x Powerwrap ha
Slide 16: Board and management
Board and management For personal use only David Lamm Adam Saunders Ilan Rimer Leslie Smith Executive Chairman & Executive Director & Non-Executive Director Chief Financial Officer & Chief Investment Officer Portfolio Manager Company Secretary Responsible for the origination of Responsible for t
Slide 17: Contact details
Contact details For personal use only David Lamm Adam Saunders Executive Chairman & Executive Director & Investment proposals Chief Investment Officer Portfolio Manager Submit an investment opportunity for us to consider to: investments@ngecapital.com.au NGE Capital Limited P: +61 3 9648 2290 E: off