Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (November 2024)
20 slides from Excelsior Capital's shareholder meeting presentation, Nov 28, 2024
Slide 1: Annual General Meeting 2024
Excelsior Capital Limited For personal use only ANNUAL GENERAL MEETING 2024 Thursday, 28 November 2024 (Commencing at 11am – Sydney time) 1
Slide 2: Important Notice – Disclaimer
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited IMPORTANT NOTICE For personal use only DISCLAIMER 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
Slide 3: Agenda
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited AGENDA For personal use only Chairman’s Introductions and Items of Business Presentation Opening Formalities Comments 3
Slide 4: Board of Directors
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited BOARD OF DIRECTORS For personal use only Mr Danny Herceg Mr Ryan Mount Ms Leanne Catelan Chairman and Non-executive Non-executive director and Executive director director Committee Chairs 4
Slide 5: Items of Business
2024 ANNUAL GENERAL MEETING For personal use only Excelsior Capital Limited ANNUAL GENERAL MEETING ITEMS OF BUSINESS 5
Slide 6: Financial Statements and Reports
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited FINANCIAL STATEMENTS For personal use only AND REPORTS To receive and consider the Directors’ Report, Independent Auditor’s Report and the financial statements of the Company for the year ended 30 June 2024. Neither the Corporations Act 2021 (Cth
Slide 7: Resolution: Re-Election of Mr Danny Herceg as a Director
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited RESOLUTION 1 Re-Election of Mr Danny Herceg as a Director For personal use only To consider and, if thought fit, to pass the following as an Ordinary Resolution. Results: The total of valid proxies received prior to meeting for Resolution 1 is 22
Slide 8: Resolution: Remuneration Report
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited RESOLUTION 2 Remuneration Report For personal use only To consider and, if thought fit, to pass the following as a non-binding ordinary resolution. Results: The total of valid proxies received prior to meeting for Resolution 2 is 7,994,119 being:
Slide 9: Investment Portfolio Performance & Analysis FY24
2024 ANNUAL GENERAL MEETING For personal use only Excelsior Capital Limited INVESTMENT PORTFOLIO PERFORMANCE & ANALYSIS FY24 9
Slide 10: Financial Performance
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited FINANCIAL PERFORMANCE Period Ended 30 June Period Ended 30 June 2024 For personal use only FY24 FY23 CHANGE Revenue* $m 110.5 105.0 5.2% Investment income % 3.4 0.7 386% NPBT $m 57.4 14.6 $42.8m NPAT $m 50.4 10.4 385% NPAT Margin % 45.7 9.8 35.9p
Slide 11: FY2024 Overview
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited FY2024 OVERVIEW For personal use only Net Assets Earnings per share NTA per share $116.9 million $173.89c $4.03 $68.5 million 2023 35.7c per share 2023 Net tangible assets (after tax) $1.88c per share 2023 Portfolio performance Full year dividend
Slide 12: Key Financial Metrics – Years
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited KEY FINANCIAL METRICS – 6 YEARS For personal use only Key Metrics 30 June FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 Share Price (ASX:ECL) $ 1.20 1.18 1.63 1.88 2.31 3.07 Market Capitalisation $m 34.9 34.2 47.4 54.4 66.9 89.0 NTA (after tax) $m 35.6 39.
Slide 13: Investment Portfolio Objective and Philosophy
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO Objective: For personal use only The investment portfolio primary investment strategy and objectives is focused on achieving long- term growth and capital appreciation while effectively managing risk through a diversified por
Slide 14: Investment Portfolio Categories
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO CATEGORIES Period Ended 31 October 2024 For personal use only ($5.8m) $575k, (5.0%) 0.6% $30.1m, 26.3% $6.2m, $83.5m, 5.4% 72.5% $182k, 0.2% Unlisted equity shares Alternative Assets Managed Investment Funds Interest Rate Sec
Slide 15: Managed Funds Composition Oct
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited MANAGED FUNDS COMPOSITION 31 OCT 2024 For personal use only UNLISTED MANAGED FUND INVESTMENT - 31 OCT 2024 $ % WEIGHT STRATEGY Active credit fund employing long-short strategies for optimizing risk- Coolabah Smarter Money Long Short Credit Fund 4
Slide 16: Investment Portfolio Month Performance to October
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO 16 MONTH PERFORMANCE TO 31 OCTOBER 2024 For personal use only GROSS RETURNS ON THE INVESTMENT FUND NET OF EXTERNAL MANAGER FEES PERIOD EXCELSIOR¹ ASX S&P500 60/40 GOLD 7/10 BONDS COMMODITIES MULTI-STRATEGY HF TOP 50 1 Month 0
Slide 17: Investment Portfolio 16 Month Total Return
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited INVESTMENT PORTFOLIO 16 MONTH PERFORMANCE TO 31 OCTOBER 2024 For personal use only Excelsior Investment Portfolio 16 Month Total Return Ending 31 Oct 2024 ( GROSS) 1.5 Excelsior ASX 1.4 S&P500 1.3 60/40 Total Return 1.2 GOLD 7/10 BONDS 1.1 Commod
Slide 18: Managed Fund Sub-Component Month Performance to October
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited MANAGED FUND SUB-COMPONENT 16 MONTH PERFORMANCE TO 31 OCTOBER 2024 For personal use only GROSS RETURNS ON THE INVESTMENT FUND NET OF EXTERNAL MANAGER FEES PERIOD EXCELSIOR¹ ASX S&P500 60/40 GOLD 7/10 BONDS COMMODITIES MULTI-STRATEGY HF TOP 50 1 M
Slide 19: Managed Funds Sub-Component 16 Month Total Return
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited MANAGED FUNDS SUB-COMPONENT 16 MONTH PERFORMANCE TO 31 OCTOBER 2024 For personal use only Exclesior Managed Fund Portfolio 16 Month Total Return Ending 31 Oct 2024 1.5 Excelsior ASX 1.4 S&P500 1.3 60/40 Total Return 1.2 GOLD 7/10 BONDS 1.1 Commod
Slide 20: ECL Share Price
2024 ANNUAL GENERAL MEETING Excelsior Capital Limited ECL SHARE PRICE For personal use only ECL SHARE PRICE HAS RISEN BY APPROXIMATELY 150%¹ OVER LAST 5 YEARS 20 1. Calculation of percentage growth in share price uses the starting share price of $1.22 in November 2019 which increased to $3.07 at 30
Excelsior Capital — Shareholder Meeting (November 2024) on 6ix