WAM Strategic Value Ltd · ASX:WAR
WAM Strategic Value — IPO Roadshow (May 2021)
26 slides from WAM Strategic Value's IPO roadshow presentation, May 13, 2021
Slide 1: WAM Strategic Value
Wilson Asset Management W|A|M Strategic Value Thursday 13 May 2021 3:30pm (Sydney time) Dial in: 1800 590 693 Passcode: 716502
Slide 2: Disclaimer
For personal use only Wilson Asset Management Disclaimer This presentation has been prepared by WAM Strategic Value Limited (ACN 649 096 220) (Company) and Wilson Asset Management (International) Pty Limited (ACN 081 047 118) (AFSL no. 247 333) Wilson Asset Management). The information contained in
Slide 3: Discounted asset opportunities
For personal use only Discounted asset opportunities
Slide 4: Discounted asset opportunities
Wilson Asset Management Discounted asset opportunities WAM Strategic Value (ASX: WAR) will provide exposure to Wilson Asset Management's proven market-driven investment process focused on identifying and capitalising on share price discounts to underlying asset values of listed companies, primarily
Slide 5: WAM Strategic Value aims to provide
Wilson Asset Management WAM Strategic Value aims to provide: * — Ahighly experienced and active Investment Manager with global and Australian equity market and alternative asset expertise. * — Exposure to Wilson Asset Management's proven market-driven investment process focused on identifying and ca
Slide 6: LIC investment universe
Wilson Asset Management LIC investment universe as at 31 March 2021 20 10 eis @ Ref? MIR 0H @ HM @ i@cA0 - © Bloc _ acon q Cas — ue CAM @ GVF @ MO ry €Ry0. Oe aM @ bul a0) © BIg eeer eo OseL! @ NBI em AU 5 | anges e Re eave: 2 ee Rs = § 5 a $1600 m Sm $200 m $400 m $600 m $800 m $1000 m $1200 m Mark
Slide 7: Opportunities presented by cyclicality
Wilson Asset Management Opportunities presented by cyclicality Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 IINo. of LIC/LITs trading at a premium Aug-20 Sep-20 Oct-20 Nov-20. Dec-20 MINo. of LIC/LITs trading at discount . ‘ Jan-21 Feb-21 Mar-21
Slide 8: Existing discounted LICs and LITs
Wilson Asset Management —. Discounted asset opportunities Existing discounted LICs and LITs as at 30 April 2021 Number of existing positions 16 Average dividend yield 3.6% Notes: 1. The table contains a snapshot of discounted asset opportunities held as at 30 April 2021 and provides examples of the
Slide 9: Discounted asset opportunities snapshot notes
For personal use only The above is a snapshot of the discounted asset opportunities held as at 30 April 2021 only. The WAM entities have each continued to actively trade in securities since 30 April 2021 and will continue to do so during the Offer period. This does not reflect the likely positions t
Slide 10: Case study: Wealth Defender Equities Limited
Case study: Wealth Defender Equities Limited August 2018 Arrived at off-market takeover bid May 2018 WDE announced a change in investment strategy without providing an exit mechanism for shareholders, We January 2016 We began investing at @ discount to NTA recommended a reorganisation toan unlisted
Slide 11: Case study: AMP Capital China Growth Fund
Case study: AMP Capital China Growth Fund 27 June 2016 Supreme Court decision on AMP Life's ability to vote the units it holds in the December 2014 April 2015, Fund at the EGM. LIM Asia Multi-Strategy LIM Asia Multi-Strategy Fund Inc. became a Fund Inc. increase their 23 February 2016 substantial sh
Slide 12: Case study: Templeton Global Growth Fund
Case study: Templeton Global Growth Fund July 2015 Participated in a shortfall placement at $131 per share The capital raise was at a 183% discount to the 31 May NTA and was dilutive to the NTA by 88% for shareholders Jan 2016 - 30 June 2017 We continued to buy during 2016 and 1H2017. At 30 June 201
Slide 13: Key offer details and dates
For personal use only Key offer details and dates
Slide 14: Key offer details
Wilson Asset Management Key offer details Company name WAM Strategic Value Limited ASX code ASX: WAR Application price per Share $1.25 Pro forma Net Asset Value (NAV) backing per Share $1.25 Offer size $225 million Priority allocations to members of the WAM Family $125 million Joint Lead Managers Ta
Slide 15: Key dates
Wilson Asset Management Key dates Prospectus lodged with ASIC 7 May 2021 Broker Firm and General Offer Opens 24 May 2021 Broker firm offer expected to close 4 June 2021 Priority and general offers expected to close 10 June 2021 Shares expected to commence trading on the ASX 25 June 2021
Slide 16: For personal use only
For personal use only Wilson Asset Management
Slide 17: Making a difference
— Making a difference Investing over $4 billion on behalf of more than 100,000 shareholders . ; : Proven investment Creator and lead Future Highly active approach that has supporter of: Generation P delivered solid INVESTMENT & SOCIAL RETURNS Flexible mandates returns for over Diversilication 20 A..
Slide 18: Lead Portfolio Manager
Wilson Asset Management Lead Portfolio Manager _ 7 " Geoff Wilson AO BSc GMQ FFINSIA FAICD 41+ years’ market experience Geoff has over four decades’ direct experience in investment markets having held a variety of senior investment roles in Australia, the UK and the US. Geoff founded Wilson Asset Ma
Slide 19: Investment and management team
y Investment and management team Geoff Wilson ao BSc GMQ FFINSIA FAICD Chairman and Chief Investment Officer Tobias Yao BComCFA Portfolio Manager Anna Milne BCom BFA Equity Analyst Kate Thorley BCom CA GAICD, Chief Executive Officer John Ayoub LLB BA GradCertAppFin Portfolio Manager Cooper Rogers BC
Slide 20: Superiority of the listed investment company structure
Wilson Asset Management Superiority of the listed investment company structure m fl Closed-end structure — The ability to make longer term Trades on the ASX which no applications or redemptions investment decisions provides intra-day liquidity Public companies provide Provide a stream of Provide opp
Slide 21: Critical elements of a successful LIC
Wilson Asset Management Critical elements of a successful LIC ¢ Performance - investment portfolio performance * Dividends - fully franked dividend yield * Fairness — treat shareholders equitably * Engagement - comprehensive shareholder acknowledgement, engagement, communication and education strate
Slide 22: Engagement with shareholders
Engagement with shareholders + wilson = Weer Manag a &
Slide 23: Engagement with stockbrokers, financial planners and wealth managers
Wilson Asset Management ORD MIN ‘an EG company ShawandPartners BELL POTTER er) sAmorgans 7 Engagement with stockbrokers, 6BB racer courison JBWere @ Hartleys foighaig financial planners and wealth D> vested | icnab | FMB vcore + WILSONS Managers & » * Internal m: P . pyran eH hendersons emi-annual 7
Slide 24: For personal use only
Wilson Asset Management @ an RUNES os FUN ANAL Financial Guidance. bartnership \ _ GEM . FS. Roe «eS WilliamBuck = pital ALDER & PARTNERS parker ESE cf financia ” eueerunt WILLOW FINANCIAL s) SARTO | ADVISORY INVESTWENT MANAGEMENT DECISIONS | Entrust ailegraecih
Slide 25: For personal use only
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Slide 26: W|A|M Strategic Value
For personal use only W|A|M Strategic Value