Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2009)
13 slides from Katana Capital's shareholder meeting presentation, Nov 26, 2009
Slide 1: Katana Capital Ltd – AGM Presentation
For personal use only Katana Capital Ltd – AGM Presentation 26th November 2009 www.katanacapital.com.au
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation is provided to each recipient on the following basis: a) this presentation has been produced by Katana Asset Management PL (KAM) This presentation does not purport p p to contain all the information that the recipient p
Slide 3: A Challenging Year
A Challenging Year For personal use only Source: Goldman Sachs JB Were 3
Slide 4: Katana Track Record
Katana Track Record For personal use only The 2009 financial year was the most challenging to date as the global financial crisis took full affect. Despite this we were still able to once again outperform the All Ordinaries Index for the 7th consecutive year. Year Average All Ords Out Ending Return
Slide 5: Dividends
Dividends For personal use only Date Cents Per Share FY10 0.5 FY08 3 FY07 including 2 special 65 6.5 FY06 1.5 • Optimistic O ti i ti a higher hi h dividend di id d willill b be paid id iin Fi Financial i lYYear 2010 • Future dividends are expected to be fully franked • Dividend reinvestment p plan (
Slide 6: Last reported NTA and discount to NTA
Investment Update For personal use only Last reported NTA (as at 31/10/09) – $0.98 before tax (after all exps incl tax on realised gains) – $0.98 $0 98 after tax (allowing for income tax) Last price of ($0.72) is a 27% discount to the pre tax NTA Manager owns approximately 11% of KAT shares so is hi
Slide 7: Global economic growth (%)
Investment Update For personal use only Global economic growth (%) Australian economic growth to rebound in 2010 Two speed world economy (developed vs emerging economies) Source : Bell Potter Securities / UBS 7
Slide 8: International economy and expectations
Investment Update For personal use only • International Economy: – Economic growth to resume in developed economies – Economic growth to accelerate in the ‘BRIC’s – Large global stimulus programmes in place – Consumer and business confidence picking up – Unemployment p y close to p peak/peaking p g
Slide 9: % of Portfolio Invested
Investment Update For personal use only % of Portfolio Invested 100.00% 90.00% 80.00% % off Portfolio o 70.00% 60.00% 50.00% 40 00% 40.00% 30.00% 20.00% 10 00% 10.00% 0.00% Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Month C h Cash I Invested td 9
Slide 10: Top Stock Holdings as at 31st October 2009
Investment Update For personal use only Top 10 Stock Holdings as at 31st October 2009 Stock $ Value % of Portfolio Mineral Resources $3,768,300 9.2% Global Construction Services $1,936,000 4.7% Bell Financial Groupp $1,562,500 , , 3.8% BHP Billiton $1,498,000 3.7% Woodside Petroleum $1,431,000 3.5%
Slide 11: Extensively Diversified Portfolio
Extensively Diversified Portfolio For personal use only Diversification reduces risk Diversification enables a long term holding to be established through one vehicle that actively manages: – Asset allocation – Sector allocation – Economic cycle timing decisions (All Opportunities Fund) – Stock St k
Slide 12: Manager's macro themes
Investment Update For personal use only The Manager continues to endorse the following macro themes: 1 Medium term growth in resources (energy/hard rock/food) 1. 2. Continued outsourcing of resource and industrial services 3. Ageing population/(superannuation growth, etc) 4. Clean and green (lower c
Slide 13: Questions
For personal use only Katana Capital Ltd – AGM Presentation Questions www.katanacapital.com.au