Morphic Ethical Equities Fund Ltd. · ASX:MEC

Morphic Ethical Equities Fund — Shareholder Meeting (November 2024)

28 slides from Morphic Ethical Equities Fund's shareholder meeting presentation, Nov 18, 2024

  1. Slide 1: Morphic Ethical Equities Fund Limited Annual General Meeting

    For personal use only Morphic Ethical equities fund limited 18 November 2024 Annual General Meeting 1 Global Responsible Investors

  2. Slide 2: AGM Agenda

    AGM Agenda For personal use only • Consideration of Financial Statements and Reports • Resolution 1: Remuneration Report • Resolution 2: Re-election of Jack Lowenstein as a Director • Resolution 3: Approval to increase on-market buy back capacity • Portfolio Update 2 Global Responsible Investors

  3. Slide 3: Consideration of Financial Statements and Reports

    Consideration of Financial Statements and Reports For personal use only To receive the Financial Report, Directors’ Report and Auditor’s Report for the Company for the financial year ended 30 June 2024. There is no requirement for Shareholders to approve these reports 3 Global Responsible Investors

  4. Slide 4: Company Results

    Company Results For personal use only Company Performance Dividend – cents per share per calendar year 9 months to 12 months to 12 months to 30 June 2022** 30 June 2023 30 June 2024 Amount Pre-Tax Operating -$ 16.2m +$ 10.7m -$1.2m Profit/Loss Post-Tax Operating Total Dividend CYTD 2024 5¢ per share

  5. Slide 5: AGM – Proxies & Voting

    For personal use only AGM – PROXIES & VOTING 5 Global Responsible Investors

  6. Slide 6: Resolution – Remuneration Report

    RESOLUTION 1 –Remuneration Report For personal use only “That the Remuneration Report of the Company (which forms part of the Directors' Report) for the financial year ended 30 June 2024 be adopted.” 6 Global Responsible Investors

  7. Slide 7: Resolution 1 - Proxy Voting Results

    RESOLUTION 1- Proxy Voting Results For personal use only Number % FOR 7,223,869 94.57 AGAINST 176,071 2.30 OPEN – Nominated Chair1 28,417 0.37 – Other Nomination 211,011 2.76 1. To be voted in favour of the resolution 7 Global Responsible Investors

  8. Slide 8: Resolution – Re-election of Director

    RESOLUTION 2 – Re-election of Director For personal use only “That Mr Jack Lowenstein, who retires by rotation in accordance with rule 6.7 of the Company’s Constitution and, being eligible, offers himself for re-election, be re-elected as a director of the Company.” 8 Global Responsible Investors

  9. Slide 9: Resolution - Proxy Voting Results

    RESOLUTION 2 - Proxy Voting Results For personal use only Number % FOR 7,331,112 95.51 AGAINST 105,522 1.37 OPEN – Nominated Chair1 28,417 0.37 – Other Nomination 211,011 2.75 1. To be voted in favour of the resolution 9 Global Responsible Investors

  10. Slide 10: Resolution – Approval to increase on-market buy back capacity

    RESOLUTION 3 – Approval to increase on-market buy back capacity For personal use only “That for the purposes of section 257C of the Corporations Act and for all other purposes, approval is given to the Company to buy back up to 7,447,531 Shares on the terms described in the Explanatory Memorandum wh

  11. Slide 11: Resolution - Proxy Voting Results

    RESOLUTION 3 - Proxy Voting Results For personal use only Number % FOR 7,386,858 96.21 AGAINST 51,777 0.67 OPEN – Nominated Chair1 28,417 0.37 – Other Nomination 211,011 2.75 1. To be voted in favour of the resolution 11 Global Responsible Investors

  12. Slide 12: Voting closed

    For personal use only Voting closed 12 Global Responsible Investors

  13. Slide 13: Questions

    For personal use only questions 13 Global Responsible Investors

  14. Slide 14: Thank you

    For personal use only Thank you 14 Global Responsible Investors

  15. Slide 15: For personal use only

    For personal use only Investor Update 15 Global Responsible Investors

  16. Slide 16: Morphic / Ellerston Global Mid Small Cap Team

    Morphic / Ellerston Global Mid Small Cap Team Ashok Jacob – Chairman For personal use only Dedicated Global Team Bill Pridham Nick Markiewicz Gaurav Pathak* Deija Li Teng Lin Portfolio Manager Co-Portfolio Manager Snr. Investment Analyst Snr. Investment Analyst Investment Analyst (26) (13) (19) (8)

  17. Slide 17: Global Mid Small Caps in Context

    Global Mid Small Caps in Context For personal use only Source: Factset, MSCI World Index and S&P/ASX200 Index. For illustrative purposes only, not to scale. 17 Global Responsible Investors Source: Ellerston Capital

  18. Slide 18: Our Philosophy: Connecting to Tomorrow's Returns, Today

    Our Philosophy: Connecting to Tomorrow's Returns, Today For personal use only What are our guideposts How we differentiate Spin-Off Concentrated Between 20 – 40 global stocks Embedded Fallen Optionality Angels Mid/Small Cap Bias < US$20 billion Post Management IPO Change Absolute Benchmark Independe

  19. Slide 19: Investment Screening Summary

    Investment Screening Summary For personal use only Source: Ellerston Capital, 1 Revenue is defined as total consolidated revenue for the company, as per the most recent values disclosed to the market. 2 Investment companies are not involved in the production of tobacco, manufacture of nicotine alter

  20. Slide 20: What We are Looking For?

    What We are Looking For? For personal use only Stock attributes we look for Stock attributes we avoid Secular and/or Structural Growth – drives sales Companies engaging in harmful activities High or growing market share in large addressable Concept stocks markets High customer retention and recurrin

  21. Slide 21: Global Thematics

    Global Thematics For personal use only Source: Ellerston Capital. 21 Global Responsible Investors

  22. Slide 22: Thematic Exposure

    Thematic Exposure For personal use only 5GAI&&Data Data Growth Growth Circular Circular Economy Economy 5G Energy Resiliency Net Zero N ET 0 Source: Ellerston Capital as at 31 October 2024. 22 Global Responsible Investors

  23. Slide 23: Portfolio Holdings

    Portfolio Holdings For personal use only France-based international industrial Warner Music Group Corp. is a AtkinsRealis provides consulting, Aritzia offers a diverse range of Provides solutions for records company specialized in generating and multinational entertainment and record engineering, de

  24. Slide 24: Portfolio Holdings

    Portfolio Holdings For personal use only Curtiss-Wright provides leading edge sensors, AerCap is the industry leader across all areas of Resona Holdings is a financial services group GFL Environmental is the only major diversified controls, sub-systems and mission critical aviation leasing - aircraf

  25. Slide 25: Morphic Ethical Equities Fund Performance

    Morphic Ethical Equities Fund Performance For personal use only MEC Share Price vs NTA1 AUD, weekly, October 2019 – October 2024 Dividend - cents per share per calendar year 1.7 1.5 12.0 D 10.0 10.0 1.3 D D D D D 8.0 D D D D D 5.5 6.0 1.1 D 6.0 5.0 D D D 4.0 2.5 0.9 2.0 2.0 2.0 Pre-Tax NTA Share Pri

  26. Slide 26: Questions

    For personal use only Questions 26 Global Responsible Investors

  27. Slide 27: Thank You

    For personal use only THANK YOU 27 Global Responsible Investors

  28. Slide 28: Morphic Asset Management contact details

    Morphic Asset Management Level 11, 179 Elizabeth St For further enquiries: For personal use only Sydney 2000 Investor Relations Team New South Wales Phone:+612 9021 7701 Australia Email: info@ellerstoncapital.com Disclaimer: Unless specifically indicated, this presentation is for information purpose

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