WAM Capital Ltd. · ASX:WAM
WAM Capital — Investor conference call (March 2017)
20 slides from WAM Capital's conference presentation, Mar 8, 2017
Slide 1: Investor conference call
For personal use only Investor conference call 8 March 2017
Slide 2: Disclaimer
For personal use only Disclaimer This presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management) for use in conjunction with a verbal presentation and should be read in that context. This presentation Information for the graphs, charts
Slide 3: Agenda
For personal use only Agenda 1. About Wilson Asset Management 4. Stocks we like 2. Our listed investment companies 5. Questions 3. Interim reporting season and market outlook Page 3
Slide 4: Our team
For personal use only Our team Geoff Wilson Kate Thorley Chris Stott Matthew Haupt Chairman Chief Executive Officer Chief Investment Officer Portfolio Manager & Portfolio Manager & Portfolio Manager Martin Hickson Tobias Yao John Ayoub Oscar Oberg Head of Trading Senior Equity Analyst Senior Equity
Slide 5: WAM Capital key figures
For personal use only Gross assets Share price* $1,201.8m $2.53 Pre-tax net tangible assets Fully franked interim dividend $2.00 7.5 cents Annualised dividend yield* Performance (p.a. since August 1999) 5.9% 18.0% As at 31 January 2017 Page 5 *As at 7 March 2017
Slide 6: WAM Leaders key figures
For personal use only Gross assets Share price* $410.6m $1.135 Pre-tax net tangible assets Maiden fully franked interim dividend $1.14 1.0 cent As at 31 January 2017 Page 6 *As at 7 March 2017
Slide 7: WAM Research key figures
For personal use only Gross assets Share price* $235.6m $1.64 Pre-tax net tangible assets Fully franked interim dividend $1.28 4.5 cents Annualised dividend yield* Performance (p.a. since July 2010) 5.5% 19.8% As at 31 January 2017 Page 7 *As at 7 March 2017
Slide 8: WAM Active key figures
For personal use only Gross assets Share price* $38.9m $1.13 Pre-tax net tangible assets Fully franked interim dividend $1.07 2.75 cents Annualised dividend yield* Performance (p.a. since January 2008) 4.9% 12.9% As at 31 January 2017 Page 8 *As at 7 March 2017
Slide 9: FY2017 fully franked interim dividends – key dates
FY2017 fully franked interim dividends – key dates For personal use only WAM Capital – 7.5 cents per share WAM Leaders– 1.0 cent per share Ex date 13 April 2017 Ex date 13 April 2017 Record date 18 April 2017 Record date 18 April 2017 Last election date for the DRP 20 April 2017 Last election date f
Slide 10: Options
For personal use only Options ASX: WLEO ASX: WAAO Options exercise price: $1.10 Options exercise price: $1.14 Last date to exercise options to be Last date to exercise options to be eligible for interim dividend: 10 April 2017 eligible for interim dividend: 11 May 2017 Option expiry date: 17 Novembe
Slide 11: Interim reporting season
For personal use only Interim reporting season Earnings growth returning Economic conditions improving Housing market remains very strong High P/E companies disappointed Page 11
Slide 12: Equity market outlook
For personal use only Equity market outlook Overall market outlook positive Australian economy showing signs of growth Higher commodity prices to drive increase in government revenue Volatility expected due to geopolitical risks over the next year Page 12
Slide 13: FY17 half year update
For personal use only FY17 half year update – 7.3%* portfolio return since inception in May 2016 – Weightings increased into large caps – Higher bond yields supportive of diversified financial and insurance companies – 15% current cash weighting *As at 28 February 2017 Page 13
Slide 14: What we like: Challenger Limited
For personal use only What we like: Research-driven Challenger is an investment management firm specialising in products that generate a retirement income stream Challenger Limited ASX: CGF Why we like it Market cap: $6.7 billion – Continued strong demand of annuity products in the Australian market
Slide 15: What we like: Treasury Wine Estates
For personal use only What we like: Research-driven Treasury Wine Estates is an Australian-based global winemaking and distribution business. Treasury Wine Estates Ltd Why we like it ASX: TWE – Exposure to “masstige” wine demand in China via Penfolds and Market cap: $8.8 billion Chateau St Jean FY17
Slide 16: What we like: AUB Group
For personal use only What we like: Research-driven AUB Group is an equity-based risk management, advice and solutions provider in Australasia. AUB Group Limited Why we like it ASX: AUB – Exposure to increasing commercial lines premiums Market Cap: $746 million – Potential consensus earnings upgrade
Slide 17: May 2017 shareholder presentations
May 2017 shareholder presentations For personal use only Melbourne Sydney Adelaide Monday 15 May Tuesday 16 May Wednesday 17 May Melbourne Convention Centre The Wesley Centre The Playford 1 Convention Centre Place 220 Pitt Street 120 North Terrace South Wharf VIC 3006 Sydney NSW 2000 Adelaide SA 500
Slide 18: Get in touch
For personal use only Get in touch info@wilsonassetmanagement.com.au Telephone. +61 2 9247 6755 Level 11, 139 Macquarie Street Sydney NSW 2000 GPO Box 4658, Sydney NSW 2001
Slide 19: About us
For personal use only About us Independent boutique fund manager – We manage four LICs and just under $2 billion in shareholder capital for 45,000 retail shareholders – Seven investment professionals with combined investment experience of almost 100 years – Proven investment approach – Committed to
Slide 20: How we invest
For personal use only How we invest Page 20