Salter Brothers Emerging Companies Ltd. · ASX:SB2
Salter Brothers Emerging Companies — Investor Presentation (August 2025)
14 slides from Salter Brothers Emerging Companies's investor presentation, Aug 19, 2025
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 projections and forward-looking statements and the assumptions on which those statements are based. corporate authorised representative of Salter Broth
Slide 3: Contents
CONTENTS 1. Executive Summary For personal use only 2. SB2 Independent Review 3. Investment Case – WRK 4. Investment Case – AAL 5. Investment Case – ERD 6. US Small Cap vs Large Cap 7. SB2 Performance 8. SB2 Portfolio Positioning 9. Discount Opportunity 10. Q&A 11. Contacts S A L T E R B R O T H E R
Slide 4: 1. Executive Summary
1. EXECUTIVE SUMMARY › Salter Brothers is a global alternative investments manager with over A$4B of group assets under management. For personal use only › Salter Brothers Emerging Companies Limited (ASX–SB2) is a professionally managed listed investment company (LIC), dedicated to investing in smal
Slide 5: 2. SB2 Independent Review
2. SB2 INDEPENDENT REVIEW For personal use only Salter Brothers commissioned an independent review of SB2 The report and rating is available to wholesale investors. If you would like a copy, please reach out to Salter Brothers. S A L T E R B R O T H E R S | E M E R G I N G C O M P A N I E S L I M I
Slide 6: 3. Investment Case - WRK
3. INVESTMENT CASE - WRK Share Price Market Cap $0.098 $170m* For personal use only Summary › Wrkr is a regulatory technology business for Australian employers helping to simplify and streamline workforce compliance from hire to retire. › Salter Brothers initially entered the position through a capi
Slide 7: 4. Investment Case Study - AAL
4. INVESTMENT CASE STUDY - AAL Share Price Market Cap $0.40 $115m* Key Drivers › Alfabs Australia Ltd is a family-owned and operated company since 1986, with the founding family remaining 50% owners. The group operates across diversified For personal use only segments, including engineering (fabrica
Slide 8: 5. Investment Case - ERD
5. INVESTMENT CASE - ERD Share Price Market Cap $1.42 $265m* Key Drivers › Eroad is an international hardware enabled SaaS provider delivering safety, For personal use only compliance, sustainability and efficiency solutions for complex vehicle fleets, allowing operators real time visibility and con
Slide 9: 6. US Small Cap vs Large Cap Valuations
6. US SMALL CAP VS LARGE CAP VALUATIONS For personal use only S A L T E R B R O T H E R S | E M E R G I N G C O M P A N I E S L I M I T E D | AUGUST 2 0 2 5 9
Slide 10: 7. SB2 Performance
7. SB2 PERFORMANCE › The Salter Brothers Emerging Performance ASX Emerging Companies Portfolio increase 7.03% in For personal use only Summary# SB2 Companies Index* Difference July. Outperforming the ASX Emerging Companies Index (ASX:XEC), which posted a monthly return of 3.85%. 1 Month 7.03% 3.85%
Slide 11: 8. SB2 Portfolio Positioning
8. SB2 PORTFOLIO POSITIONING Key Holdings Market Cap Sector Company Description 1. Alfabs Australia Ltd Engineering & Provides a design-to-delivery solution for its clients across heavy steel fabrication, construction and maintenance $110m (ASX:AAL) Mining services, mining equipment, protective coat
Slide 12: 9. Discount Opportunity
9. DISCOUNT OPPORTUNITY Steps to Narrow the NTA and Share Price Gap: Discount Comparison For personal use only › SB2 is currently trading at a ~ 35% discount to it’s Post-Tax NTA as at the 31st July. 1.07 › SB2 maintains an ongoing commitment to on market share -35% buy backs. › Salter Brothers has
Slide 13: Q&A
For personal use only &A Q&A Q S A L T E R B R O T H E R S | E M E R G I N G C O M P A N I E S L I M I T E D | AUGUST 2 0 2 5 13
Slide 14: 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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