WAM Capital Ltd. · ASX:WAM
WAM Capital — Shareholder Meeting (November 2002)
11 slides from WAM Capital's shareholder meeting presentation, Nov 27, 2002
Slide 1: WAM Capital Limited Presentation
TO ASX 27-NOW-2h2 14:25 FROM WILSON ASSET MANAGEMENT AUSTAALIAN STOCK ExcEiany st CNTR WAM000120 WAM CAPITAL LIMITED PRESENTATION WILSON ASSET MANAGEMENT
Slide 2: WAM Capital Objectives
WAM CAPITAL OBJECTIVES High Real Rate Of Return Preserve Capital Strong Dividend Flow
Slide 3: Value Added
P.@3¢11 TO ASX 27-NOW-2he2 14:26 FROM WILSON ASSET MANAGEMENT VALUE ADDED GROSS ALL OUTPERFORMANCE PORTFOLIO | ORDINARIES 1999/2000 +33.3% +11.3% +22.0% 2000/2001 +30.2% +8.9% 421.3% 2001/2002 +32.7% 45% +37.2% 2002/2003 -0.4% -4.0% +3.6% (4 MONTHS TO OCTOBER)
Slide 4: Dividends
P.G4-11 TO ASX 27-NOW-2h2 14:26 FROM WILSON ASSET MANAGEMENT DIVIDENDS DIVIDEND (SPECIAL 1999/2000) 2c | 2c 4e Sc 2000/2001, 3c | 3c | 6¢ Sc 2001/2002 4c | 4c | 8e 4c
Slide 5: Portfolio Structure - October
TO ASX P.@5/11 FROM WILSON ASSET MANAGEMENT 27-NOW-2h2 = 14:26 PORTFOLIO STRUCTURE - OCTOBER Sept01 Mar02 Oct 02 Top 100 Companies 17.5% 7.2% 9.9% Top 300 Companies 62.4% 50.4% 39.5% Other 37.6% 49.6% 60.5% Research Driven 60.2% 55.4% 50.1% Market Driven 39.8% 44.6% 49.9% Shares 89.5%. 72.0% 68.4% C
Slide 6: Investment Strategy
P.@6/11 INVESTMENT STRATEGY ;}ESEARCH DRIVEN: Buying shares in companies predominantly in the industrial sector ofter extensive research. IARKET DRIVEN: Buying shares in entities through initial public offerings, placements ad the purchase of a block of stock below what the manager believes is the e
Slide 7: Research Ranking Process
Pari. RESEARCH RANKING PROCESS ' Rach company is ranked on; TO ASX - Management - Earnings growth - Valuation. - Industry position. Emphasis is also placed on a company’s free cash flow and return on equity. Identify a catalyst or event. 27-NOW-2b2 14:26 FROM WILSON ASSET MANAGEMENT
Slide 8: Chairman's Address
27-NOW-2he2 14:26 FROM WILSON ASSET MANAGEMENT TO ASX P.@8¢11 CHAIRMAN’S ADDRESS WAM CAPITAL LTD ANNUAL GENERAL MEETING Wednesday 27" November 2002 ~ 2.30pm. Sydney Masonic Centre Historical House Lodge Room 2, Level 3 279 Castlereagh Street Sydney NSW 2000 1. INTRODUCTION Goad Afternoon, welcome to
Slide 9: Chairman's Address: NTA comparison and portfolio
27-NOW-2h2 14:2? FROM WILSON ASSET MANAGEMENT TO ASX P.@9¢11 Since our last AGM it is pleasing to see the share price has risen at a greater rate than the N.T.A. We believe this premium can be maintained as we continue to establish a performance track record as a public company and as long as we con
Slide 10: Portfolio and Conclusion
27-NOW-2h2 14:2? FROM WILSON ASSET MANAGEMENT TO ASX P. 1811 6. PORTFOLIO Thave included a list of our major holdings as at 31° October 2002. Ten Network Insurance Australia Group AP Eagers AJ Lucas Colorado Greens Foods Brian McGuigan Wines International Wine Fund RG Capital Radio Select Harvest Ri
Slide 11: Formal Part of the Meeting
27-NOW-2h2 14:2? FROM WILSON ASSET MANAGEMENT TO ASX P.1i/i1 Now Ladies & Gentlemen we shall conduct the formal part of the meeting. All resolutions are ordinary resolutions and only require a simple majority of 50% of votes cast to be passed. I wish to announce now that as chairman I hold 76 proxie