Bentley Capital Ltd. · ASX:BEL

Bentley Capital — Shareholder Meeting (November 2006)

8 slides from Bentley Capital's shareholder meeting presentation, Nov 17, 2006

  1. Slide 1: Investment Manager Presentation to Bentley International 2006 AGM

    - Doug Little © Investment Manager sity Presentation to Bentley Internation 2006 AGM 17 November 2 CON

  2. Slide 2: Highlights

    = Highlights” | fi Strong portfolio return of 15. 5.6% . a Modest currency assist | “ Strong diversification benefits @ Low portfolio management costs ‘it Research into higher retu ns

  3. Slide 3: Sector Returns (Jun 2005-Jun 2006)

    Sector Returns (Jun2005-Jun2006) | Return Contribution to Weight {AUD) P'folio Return Aerospace & Defense. os . 2% 23% 0.5% Automobiles & Parts 4% 28% 42% Chemicals am ce ee ea ene a at Co A aes General industrials ; 2% “12% 0.2% Electronic & Electrical Equipment. : AM oo 2T% 1.1% Electricity ee AO

  4. Slide 4: Country Returns (Jun 2005-Jun 2006)

    Country Returns (3un2005-Jun2006) _ Return.’ Contribution to ~-Gountry/Region Weight (AUD) P'folio Return CANADA we : 2% A% 0.1% 2 UNITED STATES 56% 10% 5A% EUROPE : : ; 11% > 24% 27% “GREAT BRITAIN 9% 16% 1.5% SWEDEN a 3%. 14% 05%. SWITZERLAND 4% 49% 2.0% HONG KONG ee 1% 53% 06% JAPAN 11% 23 Source

  5. Slide 5: Currency impact last ten years

    Currency impact last ten years Date “> §ASUS oO MSCI ex. > oO MSCT ex Australia in $US © Australia in SA 30-Jun-1997. os 0.754 100 100. 30-Jun-2002. > 0.564 Od 140 30-Jun-2006 0.742 164 167 Return p.a. 30 Jun 1997-30 Jun 2002 ©» 9.0% >. 30 Jun 2002 - 30 Jun 2006 -9.5% Source: DataStream

  6. Slide 6: Lower Risk by Sector

    Lower Risk by Sector Diversification HomeGlobal™ | Industries balanced - Mining . Banks Real Estate Construction & Materials : Software & Computer Senices 4 “Oil & Gas Prod. “Pharm: & Biotech. Technology HW & & Equip. 0% 6% 10%? we Cons

  7. Slide 7: Low Portfolio Management Expenses

    Low Portfolio Management : _ Expenses : > Investment management fee below 1% FUM > Low marginal variable fees. ® Investment expenses less than 30% . of total expenses compared. to. 67% for similar ASX Listed Inves Company : ® Strong scaleability bene

  8. Slide 8: Research into Higher returns

    Researct into Higher returns _ » Dividend Tilt * Use of Fundamental Factors instead: of Market Cap for stock weighting ® Potential 200bps incremental return

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