Associate Global Partners Limited · ASX:APL
Associate Global Partners — Contango Asset Management — Investor Presentation (August 2021)
20 slides from Associate Global Partners's investor presentation, August 2021
Slide 1: Investor Presentation
Investor Presentation Marty Switzer | Managing Director and CEO August 2021
Slide 2: Disclaimer
Disclaimer This material has been prepared by Contango Asset Management Limited (ABN 56 080 277 998) (CGA) and comprises written materials/slides for a presentation concerning CGA. This is not a prospectus, disclosure document or offering document. CGA its officers, employees, agents and related bod
Slide 3: Key Highlights
Key Highlights May 20 WCM Global Growth Limited (ASX: WQG) introduces a Dividend Reinvestment Plan (DRP). June 20 Hedged version of WCM Quality Global Growth Fund (Managed Fund) (WCMM) launched. July 20 WQG offers a DRP participation incentive and partial franking of dividends commences. August 20 W
Slide 4: Strong Growth in Retail FUM since 2017
Strong Growth in Retail FUM since 2017 As at 13 August 2021, CGA’s FUM totalled $1.143 billion*. FUM increases by $505 million to $1.14 billion in FY2021 – a 79% increase $1,400m $1,200m $1,000m $800m $600m $400m $200m $0m ** Aug 21 Jan 17 Jan 18 Jan 19 Jan 20 Jan 21 Jul 18 Jul 17 Jul 19 Jul 20 Jul
Slide 5: Strong Growth in Retail FUM Inflows
Strong Growth in Retail FUM Inflows Total net FUM inflow of $323m was achieved in FY2021, together with positive net inflows in every month, including during the COVID-19 market downturn. CGA Net Quarterly Inflows $120m $100m $80m $60m $40m $20m $0m 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30 Sep 20
Slide 6: Contango Asset Management Product Suite
Contango Asset Management Product Suite Product Suite Global Equities Income WCM Global Long WCM Quality Global WCM Quality Global WCM International Short Limited Switzer Dividend WCM Global Growth Switzer Higher Yield Growth Fund (Quoted Growth Fund Small Cap Growth Growth Fund (Quoted Limited (For
Slide 7: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Contango in June 2017, WCM now has $1.039b in retail FUM in Australia*. Product FUM Highlights • Unfranked dividends commence in August 2019, with partial franking from September 2020. • DRP introduced with attractive DRP incen
Slide 8: WCM Platform Availability Expanding
WCM Platform Availability Expanding WCM’s product suite has been approved for use on the following platforms: WCM Global Growth Limited WCM Quality Global Growth WCM Quality Global Growth WCM International Small Cap Fund (Quoted Managed Fund) Fund (Managed Fund) Growth Fund (Managed Fund) • AMP Nort
Slide 9: An Impressive Large-Cap Track Record
An Impressive Large-Cap Track Record Annualised returns of WCM’s Quality Global Growth Equity Strategy Composite vs its benchmark. Data as at 31 July 2021 in AUD. Performance is in AUD, net of fees and includes the reinvestment of all dividends and income. Past performance is not indicative of futur
Slide 10: An Impressive Small-Cap Track Record
An Impressive Small-Cap Track Record Annualised returns of WCM’s International Small Cap Growth Strategy Composite vs its benchmark. Data as at 31 July 2021 in AUD. Performance is in AUD, net of fees and includes the reinvestment of all income. Past performance is not indicative of future performanc
Slide 11: WCM Global Long Short Limited (ASX:WLS)
WCM Global Long Short Limited (ASX:WLS) WCM Long Short Limited (ASX:WLS) (formerly Contango Income Generator Limited (ASX:CIE)) • On 18 September 2020, WLS shareholders resolved to adopt a new strategy for the company’s investment portfolio, moving to a global long short strategy managed by WCM from
Slide 12: WCM Quality Global Growth Long Short Equity Strategy Composite
WCM Quality Global Growth Long Short Equity Strategy Composite • The WCM Quality Global Growth Long Short Equity Strategy Composite (the Strategy) has, since inception on 30 June 2014, generated a return of 24.8% per annum1, outperforming its benchmark, the MSCI All Country World Index by an annuali
Slide 13: An Impressive Long Short Track Record
An Impressive Long Short Track Record Annualised returns of WCM’s Quality Global Growth Long Short Equity Strategy Composite vs its benchmark. 1 Data as at 31 July 2021 in AUD. Performance is in AUD, net of fees and includes the reinvestment of all dividends and income. Past performance is not indic
Slide 14: Switzer Dividend Growth Fund
Income Update: Appointment of New Manager for SWTZ Switzer Dividend Growth Fund Powered by (Quoted Managed Fund) Switzer Dividend Growth Fund (Quoted Managed Fund) (ASX:SWTZ) • On 21 April 2021, Contango announced the appointment of Blackmore Capital Pty Limited (Blackmore) to manage the Switzer Div
Slide 15: Switzer Higher Yield Fund
Income Update: Relaunch of SHYF Switzer Higher Yield Fund Powered by (Managed Fund) Switzer Higher Yield Fund (Chi-X: SHYF) • On 2 December 2020, Contango announced the appointment of Coolabah Capital Institutional Investments, a leading active credit manager, to manage the Switzer Higher Yield Fund
Slide 16: Growth in Retail Investor Base
Growth in Retail Investor Base As at 31 July 2021, Contango had 14,925 unitholders and shareholders* across its product suite Shareholders Product / Unitholders WCM Global Growth Limited 3,966 (ASX:WQG) WCM Quality Global Growth 6,556 (ASX:WCMQ) Switzer Higher Yield Fund 471 (Chi-X:SHYF) WCM Global
Slide 17: Strong Financial Position
Strong Financial Position Cash • Contango’s cash balance as at 31 July 2021 was $5.2 million. • Contango currently has a receivable of $1.67 million in total (net of GST) from NAOS Asset Management Limited (NAOS) for the assignment of an investment mandate. • The NAOS receivable represents the final
Slide 18: Improving Financial Performance
Improving Financial Performance Management, service and performance fee revenue Financial Performance $3,000,000 • Investment management and service fees increased by 22% in the year to 30 June 2021 compared with last year. $2,500,000 • The reported FY2021 net loss of $800,000 included costs in exce
Slide 19: Strategic Priorities FY2022
Strategic Priorities FY2022 • We will invest in • We will increase annualised Costs revenues with strict cost the distribution capability required to grow our control and expect during the year to reach positive existing products DISTRIBUTION FINANCIAL organically in the advised cash flow and profit
Slide 20: Contact Details
Contact Details Marty Switzer Managing Director and CEO Contango Asset Management Level 6, 10 Spring Street Sydney NSW 2000 Australia 0407 297 702 (Marty Switzer) 1300 001 750 20
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