NAOS Ex-50 Opportunities Co. Ltd. · ASX:NAC
NAOS Ex-50 Opportunities — Shareholder Meeting (November 2018)
20 slides from NAOS Ex-50 Opportunities's shareholder meeting presentation, Nov 15, 2018
Slide 1: Annual General Meeting FY18
ANNUAL GENERAL MEETING FY18 For personal use only NAOS Ex-50 OPPORTUNITIES COMPANY LIMITED (ASX: NAC) CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 1
Slide 2: Important Information
Important Information For personal use only This material has been prepared by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529) (NAOS) for general information purposes only and must not be construed as investment advice. It does not constitute an offer to purchase any security or fina
Slide 3: NAOS Investment Mandate
NAOS Investment Mandate For personal use only 01 02 NAOS seeks to protect investor capital NAOS provides investors with genuine, whilst providing a sustainable growing concentrated exposure to Australian stream of fully franked dividends and undervalued listed micro, small and long-term capital grow
Slide 4: Investment Beliefs
NAOS Investment Beliefs For personal use only Value with Long Quality over Invest for the Performance v Term Growth Quantity Long Term Liquidity Focus Ignore the Pure Exposure Environmental, Management Index to Industrials Social and Alignment Governance (ESG) CONVICTION. LONG TERM. ALIGNED | Copyri
Slide 5: Investment Portfolio Performance as at June 2018
Investment Portfolio Performance as at 30 June 2018 For personal use only 1 YEAR 2 YEARS 3 YEARS INCEPTION INCEPTION (P.A.) (P.A.) (P.A.) (NOM.) INVESTMENT PORTFOLIO +10.25% +8.46% +15.25% +15.21% +67.21% PERFORMANCE* S&P/ASX 300 INDUSTRIALS ACCUMULATION +8.07% +10.29% +7.81% +7.93% +31.94% INDEX (X
Slide 6: NAC Overview as at June 2018
NAC Overview as at 30 June 2018 PORTFOLIO KEY METRICS For personal use only 11 5.25 cents Number of Holdings Fully Franked FY18 Dividend 6.63% $1.11 Cash Weighting Pre-Tax NTA 7.20m $0.955 NAC Directors Shareholding Share Price $879.5m $3.9m Holdings Weighted av. Mkt Cap Profit for the Year CONVICTI
Slide 7: NAC Stock Contribution FY18 as at June 2018
NAC Stock Contribution FY18 as at 30 June 2018 Top and bottom contributors to the investment portfolio return in FY18 For personal use only Top Positive Contribution to Return Bottom Negative Contribution to Return Contributors (%NAV) Contributors (%NAV) Elders Limited (ASX: Japara Healthcare ELD) +
Slide 8: NAC Overview as at October 2018
NAC Overview as at 31 October 2018 DIVIDENDS DIVIDEND PROFILE For personal use only $4.3m $0.06 $0.0525 $0.0500 Profits Reserve $0.05 $0.0475 5.55% $0.04 Fully Franked Dividend Yield $0.03 100% $0.02 $0.0200 Franking $0.0135 $0.01 $0.00 2H FY15 FY16 FY17 FY18 1Q FY19* * 1.35 cents per share fully fr
Slide 9: NAC Long Term Capital Protection as at October 2018
NAC Long Term Capital Protection as at 31 October 2018 * • On those occasions when the NAC Benchmark Index (XKIAI) experienced a negative month it was down an For personal use only average of -2.87%, whilst NAC was superior at protecting capital, returning -0.35% and outperforming the market by +2.5
Slide 10: NAC Overview: Stocks in Focus FY19
NAC Overview STOCKS IN FOCUS FY19 For personal use only Looking for: Looking for: Looking for: o Continued benefit from the rollout 1. Completion of the recent IAB o Updates on the significant of NBN which due to delays is transaction and further clarity on the acquisition of Morsco in the US expect
Slide 11: Portfolio Positioning FY19
Portfolio Positioning FY19 For personal use only 01 A focus on businesses with low risk of permanent capital loss and low net debt levels Where a NAC investment does have positive net debt to EBITDA level they often have a large PP&E balance, for example REH which own a large number of their freehol
Slide 12: Appendix
Appendix For personal use only “How many of you have 56 brilliant ideas in which you have equal confidence? How many of you have two or three insights that you have some confidence in? I rest my case.“ CHARLIE MUNGER CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 12
Slide 13: Listed Investment Companies
NAOS Listed Investment Companies For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 13
Slide 14: Investment Process
NAOS investment process For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 14
Slide 15: ESG Framework
NAOS ESG framework For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 15
Slide 16: Number of Shareholders
Number of Shareholders For personal use only 9,000 8,000 938 7,000 6,000 13% Shareholder increase FY18 5,000 4,000 3,000 2,000 831 1,000 482 442 0 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 NCC NSC NAC CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 16
Slide 17: Asset Management giving back
NAOS Asset Management giving back NAOS, the management company, is proud to be supporting the following charities For personal use only ‘Golden Shouldered Parrot’ threatened ‘Reef Aid’ campaign, in partnership RFDS, dedicated to providing species project, in partnership with with Greening Australia
Slide 18: Investor awareness and communication
Investor awareness and communication For personal use only CEO Insights, NAOS Quarterly Shareholder Monthly Investment The news and media Twice yearly National Newsletter, Conference Calls, Report & NTA email section of our website Roadshow subscribe via our subscribe via our updates, subscribe via
Slide 19: Directors and Team
NAOS Directors and Team For personal use only OUR DIRECTORS Sebastian Evans Matthew Hyder David Rickards David O’Halloran Warwick Evans Mark Bennett Trevor Carroll Managing Director, NAOS Asset Director, NAOS Asset Independent Chairman & Director, Director, NAOS Asset Chairman, NAOS Asset Director,
Slide 20: Q&A
Q&A For personal use only Thank you for your continued support CONVICTION. LONG TERM. ALIGNED | Copyright 2018 NAOS Asset Management Limited 20
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