Salter Brothers Emerging Companies Ltd. · ASX:SB2
Salter Brothers Emerging Companies — Investor Presentation (February 2026)
13 slides from Salter Brothers Emerging Companies's investor presentation, Feb 19, 2026
Slide 1: Salter Brothers Emerging Companies Limited Webinar
WEBINAR For personal use only SA LTE R B ROTH E R S EMERGING COMPANIES LIMITED (ASX CODE: SB2)
Slide 2: Important – General Information and Disclaimer
IMPORTANT – GENERAL INFORMATION AND DISCLAIMER This document has been prepared by Salter Brothers Funds Management Pty Ltd ACN 608 295 683 (SBFM), a This document is being provided to you on the basis that you are, and you represent and warrant that you are, a corporate authorised representative of
Slide 3: Contents
CONTENTS 1. Executive Summary For personal use only 2. Calendar Year 2025 Review 3. 2025 Sector Review 4. Key Unlisted Holdings Overview 5. Portfolio Breakdown 6. SB2 Portfolio Positioning 7. Discount Opportunity 8. SB2 Independent Review 9. Q&A 10. Contacts S A LT E R B R O T H E R S | E M E R G I
Slide 4: Executive Summary
1. EXECUTIVE SUMMARY › Salter Brothers is a global alternatives asset manager. The firm manages over A$10.3 billion through its various business lines, For personal use only including investment mandates of over A$5.5 billion, trustee and administration services for over A$4.0 billion in assets, and
Slide 5: Calendar Year 2025 Review
2. CALENDAR YEAR 2025 REVIEW 1. A review of 2025 highlights a mixed though broadly positive year for the economy and financial markets. For personal use only 2. Australian small and micro caps outperformed both their domestic large cap counterparts and their international small cap and microcap equi
Slide 6: 2025 Sector Review
3. 2025 SECTOR REVIEW Industry and Index 12 month 180 Industry and Index 12 month 180 ASX: XSI Industry and Index 12 month 170 ASX: XSI ASX: XSR 170 ASX:XNJ ASX: XSR For personal use only 160 ASX:XJR ASX:XNJ 160 ASX:XTX ASX:XJR ASX:XTX 150 150 140 140 130 130 120 120 110 110 100 100 90 90 80 Jan-25
Slide 7: Key Unlisted Holdings Overview
4. KEY UNLISTED HOLDINGS OVERVIEW Unlisted Investments account for ~17% of the total SB2 portfolio* and provide a potential near term catalyst for portfolio performance. For personal use only 1 IPSI is a prominent fintech firm specialising in a wide range of cloud-based payment solutions. IPSI’s inn
Slide 8: Portfolio Breakdown
5. PORTFOLIO BREAKDOWN Portfolio Breakdown Unlisted Holdings For personal use only 7% 11% 17% 9% IPSI Listed Equities Pelican 6% 44% Unlisted Equitiies Sphere Cash Bex 77% 31% Other * Numbers as at 11 February 2026 NTA Report S A LT E R B R O T H E R S | E M E R G I N G C O M PA N I E S L I M I T E
Slide 9: SB2 Portfolio Positioning
6. SB2 PORTFOLIO POSITIONING Key Holdings Market Cap Sector Company Description 1. WRKR Ltd Wrkr is a regulatory technology business for Australian employers helping to simplify and streamline $300m Business Software (ASX:WRK) workforce compliance from hire to retire. For personal use only 2. Alfabs
Slide 10: Discount Opportunity
7. DISCOUNT OPPORTUNITY Steps to Narrow the NTA and Share Price Gap: Discount DiscountComparison Comparison For personal use only › SB2 is currently trading at a ~ 27.1% discount to it’s Post-Tax NTA as at the 30th January. 1.084 1.084 › Salter Brothers has paid an 85% franked final dividend -27.1%
Slide 11: SB2 Independent Review
8. SB2 INDEPENDENT REVIEW For personal use only SB2 has received a rating from SQM. The report can be accessed by wholesale investors and licensed financial advisors. For a copy, please follow this link SB2 Rating. S A LT E R B R O T H E R S | E M E R G I N G C O M PA N I E S L I M I T E D | F E B R
Slide 12: Q&A
For personal use only Q&A Q&A S A LT E R B R O T H E R S | E M E R G I N G C O M PA N I E S L I M I T E D | F E B R U A R Y 2 0 2 6 1 2
Slide 13: Contact Us
CONTACT US Gregg Taylor Head Office Investment Director Level 9, 477 Collins St For personal use only & Head of Equities Melbourne VIC 3000 Australia E | gregg.taylor@salterbrothers.com.au Sydney Office Level 36, 264 George St Yossi Kraemer Sydney NSW 2000 Australia Co‑head Capital Partnerships Bris
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