Alpha Trust Andromeda Investment Trust Sa · ATHEX:ANDRO
Alpha Trust Andromeda Investment Trust Sa — Investor Presentation (May 2023)
25 slides from Alpha Trust Andromeda Investment Trust Sa's investor presentation, May 10, 2023
Slide 1: Company Presentation
Company Presentation May 10th, 2023 ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 1 Aristidou Street, 14564, Tel: +30 210 6289100, +30 210 6289200 AIFs OFFER NO GUARANTEED RETURN AND PAST PER
Slide 2: ALPHA TRUST Andromeda at a glance
ALPHA TRUST Andromeda at a glance Key Facts (28/04/2023) The only closed-end fund listed on the Athens Stock Exchange € 27.31 m € 7.73 NAV Nav Per Share Seeks to invest in fundamentally sound assets in the domestic equity and fixed € 24.17 m € 6.84 income markets with a medium to long term Market Ca
Slide 3: Emphasis on mid and small capitalization companies
Emphasis on mid and small capitalization companies Breakdown by market capitalization ASE ALPHA TRUST ANDROMEDA Attractive valuations in Limited equity 100% the mid and research small cap coverage 77,79% sphere 75% 50% Higher Lower probability to 32,03% 32,87% liquidity generate 25,62% alpha 25% 16,
Slide 4: Fund Facts
Fund Facts Asset Class Breakdown Portfolio Breakdown by Industry Top 10 Holdings % of Portfolio Consumer, Cyclical 20,72% Industrial 18,05% Quest Holdings 6.01% Titan Cement 5.51% Technology 12,12% Consumer, Non- Viohalco 4.91% 11,95% cyclical Jumbo 3.75% Basic Materials 7,27% Petros Petropoulos 3.5
Slide 5: Portfolio Metrics
Portfolio Metrics Valuation metrics Risk facts ALPHA TRUST ATHEX Composite Correlation ANDROMEDA Index to Andromeda ALPHA TRUST-ANDROMEDA (CR) P/E 2022 7.8 6.3 ATHEX Total Return Index 32.48% P/E 2023E 8.8 4.9 ATHEX Select Index 23.68% P/SALES 0.56 0.59 ATHEX Select Plus Index 32.78% ATHEX High Divi
Slide 6: NAV is enjoying lower volatility compared to its benchmark
NAV is enjoying lower volatility compared to its benchmark NAV Performance ALPHA TRUST-ANDROMEDA Athex Composite Total Return Index Best year 25.1% 53.6% Worst year -14.6% -28.3% Number of positive years 6 6 Number of negative years 4 4 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT G
Slide 7: Ownership and Ownership Change
Ownership and Ownership Change 31/5/2022 28/4/2023 Institutional Investors 62.48% Institutional investors 69.81% Retail Investors 35.21% Retail investors 27.41% Treasury Stock 2.31% Treasury shares 2.79% Free Float: 48.13% Source: ALPHA TRUST-ANDROMEDA
Slide 8: Statement of Comprehensive Income Q1 2023
Statement of Comprehensive Income Q1 2023 Total comprehensive income after tax (€) 2.500.000 Total comprehensive income after tax 1.924.162,73 1.924.163 2.000.000 1.500.000 1.000.000 Earnings per share € 0,5582 500.000 0 -500.000 -735.603 -1.000.000 Q1 2023 Q1 2022 The accompanying notes form an int
Slide 9: Statement of Comprehensive Income
Statement of Comprehensive Income Continuing operations Q1 2023 (€) Q1 2022 (€) Gross portfolio management income 2.468.620,34 567.467,52 Portfolio management cost 420.019,68 78.554,86 Gross Profit (gross losses) 2.048.600,66 -646.022,38 Other income - expenses 361,58 68,24 Administrative expenses 1
Slide 10: ALPHA TRUST - Andromeda’s unique proposition
ALPHA TRUST - Andromeda’s unique proposition Outperforming the ASE Commitment to high Unjustified stock Composite Index in the long run dividend payout discount Investment management Preference for high team is together for years conviction trades
Slide 11: Consistent outperformance since inception (cont.)
Consistent outperformance since inception (cont.) NAV Per Share Athex Composite Total Return Index Since inception the fund has delivered an excess return of 6.47% (p.a.) 200% 150% 128.65% 100% 50% 0% -50% -46.44% -100% AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTU
Slide 12: Consistent outperformance since inception (2)
Consistent outperformance since inception (2) NAV per Share ATHEX COMPOSITE INDEX TOTAL RETURN 195,56% 200% 128,65% 100% 86,65% 78,36% 78,36% 85,95% 66,68% 48,94% 44,01% 38,52% 38,52% 17,30% 21,16% 10,68% 0,88% 0% -46,44% -100% YTD 1 Year 3 Years 5 Years 10 Years Since Capital Since Investment Since
Slide 13: Returns vs. Peers
Returns vs. Peers NAV per Share Peer Group LYXOR MSCI GREECE UCITS ETF GLOBAL X MSCI GREECE ETF Rank 35/39 12/32 4/21 100% 84,00% 81,54% 76,75% 78,36% 66,68% 70% 48,94% 41,13% 39,42% 40% 23,57% 10,80% 10% -20% -11,24% -27,20% -50% 3 years 5 years 10 years AIFs OFFER NO GUARANTEED RETURN AND PAST PER
Slide 14: Performance since latest Share Capital Increase (08/2022)
Performance since latest Share Capital Increase (08/2022) SCI Note 2 Performance update Note 1 (05/08/2022) NAV Per Share 16.80% Share Price (Total Return*) 8.8% ATHEX Composite Total 29.23% Return Index AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE *Includes
Slide 15: ALPHA TRUST - Andromeda’s unique proposition
ALPHA TRUST - Andromeda’s unique proposition Outperforming the ASE Commitment to high Unjustified stock Composite Index in the long run dividend payout discount Investment management Preference for high team is together for years conviction trades
Slide 16: Dividend yield Comparison
Dividend yield Comparison ALPHA TRUST-ANDROMEDA(CR) ATHEX COMPOSITE SHARE PRICE INDEX 9,20% 7,39% 6,00% 4,62% 3,38% 3,60% 3,24% 3,08% 2,52% 2,79% 1,92% 2,09% 2,05% 1,79% 0,96% 0,00% 0,00% 0,00% 2014 2015 2016 2017 2018 2019 2020 2021 2022 Note: Dividends and capital returns are included Source: Bloo
Slide 17: Commitment to high dividend payout
Commitment to high dividend payout *Subject to AGM approval Note: Dividends and capital returns are included Source: ALPHA TRUST-ANDROMEDA Data: 28/04/2023
Slide 18: ALPHA TRUST - Andromeda’s unique proposition
ALPHA TRUST - Andromeda’s unique proposition Outperforming the ASE Commitment to high Unjustified stock Composite Index in the long run dividend payout discount Investment management Preference for high team is together for years conviction trades
Slide 19: Unjustified stock discount
Unjustified stock discount Discount Average Discount per year 10% 0% -10% -14.65% -20% -30% -40% -50% 04/13 12/14 08/16 04/18 12/19 08/21 04/23 Source: Refinitiv, ALPHA TRUST Data: 28/04/2023
Slide 20: ALPHA TRUST - Andromeda’s unique proposition
ALPHA TRUST - Andromeda’s unique proposition Outperforming the ASE Commitment to high Unjustified stock Composite Index in the long run dividend payout discount Investment management Preference for high team is together for years conviction trades
Slide 21: Management Commitments
Management Commitments Improve stock Reduce discount Aim at a high liquidity dividend payout Focus on portfolio Keep outperforming ESG issues in the long run
Slide 22: Board of Directors
Board of Directors Chairman, Non Executive Member Margarita Vlachochristou Vice Chairman, Non Executive Member Phaedon – Theodore Tamvakakis Managing Director, Executive Member Vasileios Kletsas Eleni Linardou Independent, Non Executive Members Alexios Soultogiannis Note: The BoD’s term of office is
Slide 23: Shareholders Service Unit – Corporate Announcements Unit
Share Codes Communication with Shareholders and Investors ISIN: GRS433003019 Ms. Maria Marina Printsiou OASIS (ASE): ANDRO Corporate Secretary & Investor Relations BLOOMBERG: ANDRO GA Shareholders Service Unit – Corporate Announcements Unit REUTERS RIC: ANDr.AT
Slide 24: DISCLAIMER
DISCLAIMER: This presentation (the “Presentation”) contains general background information about the ALPHATRUST-ANDROMEDA Investment Trust SA (the “Company”) and are provided solely for use in the context of the Presentation. The information included in the Presentation (the “Materials”) is summariz
Slide 25: Company Presentation
Company Presentation May 10th, 2022 ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 7 T. Kavalieratou Street, 14564, Tel: +30 210 6289100, +30 210 6289200 www.andromeda.eu info@andromeda.eu @at
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