Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (October 2020)
23 slides from Excelsior Capital's shareholder meeting presentation, Oct 15, 2020
Slide 1: Annual General Meeting 2020
ANNUAL GENERAL MEETING 2020 Excelsior Capital Limited Thursday 15 October
Slide 2: Agenda
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Agenda 1 Chairman’s Comments 2 Introductions and Formalities 3 Items of Business 4 Presentation 2 2
Slide 3: Chairman – Danny Herceg
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Chairman – Danny Herceg Danny joined the Board in October 2019 and previously served as a Director of the company from 2007 to 2014. Danny is a senior corporate and commercial lawyer. Danny’s practice is focused on initial public offerings, secon
Slide 4: Annual General Meeting Items Of Business
Annual General Meeting Items Of Business 4
Slide 5: Financial Statements and Reports
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Financial Statements and Reports To receive and consider the Directors’ Report, Independent Auditor’s Report and Financial Statements for the Company for the year ended 30 June 2020. Reports were audited by Hall Chadwick (NSW). 5
Slide 6: Resolution 1: Election of Oliver Schweizer as a Director
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 1: Election of Oliver Schweizer as a Director The total of valid proxies received for Resolution 1 is 20,935,499 being: 18,062,692 FOR the resolution 1,842,081 AGAINST the resolution 1,030,726 OPEN to proxy 31,511 ABSTAIN 6
Slide 7: Resolution 2: Appointment of Auditor – Hall Chadwick
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 2: Appointment of Auditor – Hall Chadwick (Special Resolution) The total of valid proxies received for Resolution 2 is 20,896,082 being: 18,871,734 FOR the resolution 955,166 AGAINST the resolution 1,069,182 OPEN to proxy 70,928 ABSTAI
Slide 8: Resolution 3: Remuneration Report
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 3: Remuneration Report The total of valid proxies received for Resolution 3 is 6,336,171 being: 1,220,849 FOR the resolution 4,084,596 AGAINST the resolution 1,030,726 OPEN to proxy 71,902 ABSTAIN 8
Slide 9: Resolution 4: Election of Mr Warwick Sauer as a Director
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 4: Election of Mr Warwick Sauer as a Director The total of valid proxies received for Resolution 4 is 20,963,664 being: 4,233,890 FOR the resolution 15,699,048 AGAINST the resolution 1,030,726 OPEN to proxy 5,511 ABSTAIN 9
Slide 10: Resolution 5: Voluntary Winding-up
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 5: Voluntary Winding-up (Special Resolution) The total of valid proxies received for Resolution 5 is 20,963,675 being: 4,187,835 FOR the resolution 15,745,114 AGAINST the resolution 1,030,726 OPEN to proxy 5,500 ABSTAIN 10
Slide 11: Shareholder Presentation
SHAREHOLDER PRESENTATION ANNUAL GENERAL MEETING 2020 THURSDAY 15 OCTOBER (VIRTUAL MEETING) 11
Slide 12: Company Profile
| Company Profile waned 12
Slide 13: Company Profile
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Company Profile Excelsior Capital Limited (ASX:ECL) is a listed investment company made up of two major business units, a Listed Investment Fund and CMI Electrical Operations. CMI Electrical Operations specialises in the design and The Listed Inv
Slide 14: FY20 Financial Performance
FY 20 Financial Performance 14
Slide 15: Financial Performance (Group)
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Financial Performance (Group) PERIOD ENDED 30 JUNE FY20 FY19 CHANGE Revenue* $m 60.0 59.3 1% EBITDA $m 6.7 6.7 - EBITDA Margin % 11.0 11.0 - NPAT $m 3.6^ 4.1 (12.2%) NPAT Margin % 6.1 7.0 (0.9pp) EPS cps 13.0 14.0 (7.1%) ROE % 7.4 8.6 (1.2pp) Cos
Slide 16: CMI Electrical Operations results
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited CMI Electrical Operations results PERIOD ENDED 30 JUNE FY20 FY19 CHANGE FY20 results were robust despite Covid-19 impacts in 2H FY20. Revenue (Gross) $m 65.0 64.3 1% • Cables sales of $52m (FY19, $48.5m) as a result of Revenue (Net) $m 60.0 59.3
Slide 17: Investment Portfolio results
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Investment Portfolio results PERIOD ENDED 30 JUNE Asset Classes Equities $0.9m 4.9% • At 30 June 2020 the Investment Portfolio held: Listed equities - 1 Unlisted equities- 1 Cash & • During Q2 and Q3 of FY20 the hybrid investments of Equiv. the f
Slide 18: Outlook & Priorities
OUTLOOK & PRIORITIES DANNY HERCEG CHAIRMAN Outlook and Priorities 18
Slide 19: Outlook and Priorities
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Outlook and Priorities CMI Electrical Operations • Australian Government has committed large stimulus budget allocations to the infrastructure, mining and publics works programs all of which may have a positive impact on CMI. • To take advantage
Slide 20: Mining Sector Outlook
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Mining Sector Outlook The top miners both domestically and internationally have weathered Covid- 19 storm relatively unscathed and much better than most other sectors due to automation and technology. A paper by PwC showed that mine operations an
Slide 21: Infrastructure Project Spending Outlook
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Infrastructure Project Spending Outlook Excelsior is positioned to benefit from the Australian Government’s recently announced commitment to large scale The Federal Government also infrastructure and development projects in energy, roads, rail, a
Slide 22: Shareholder Questions
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Shareholder Questions 22
Slide 23: Important Notice
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Important Notice DISCLAIMER Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in Excelsi
Excelsior Capital — Shareholder Meeting (October 2020) on 6ix