Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2018)
17 slides from Katana Capital's shareholder meeting presentation, Nov 14, 2018
Slide 1: Katana Capital Limited AGM Presentation November 2018
Katana Capital Limited For personal use only ASX CODE KAT AGM PRESENTATION NOVEMBER 2018
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided to each recipient on the following basis: For personal use only a. this presentation has been produced by Katana Asset Management (KAM). This presentation does not purport to contain any information that the recipient may require
Slide 3: Overview
Overview For personal use only Key Metrics Katana Profile – Personnel Investment Approach Fund Performance & Outlook
Slide 4: Key Metrics
Key Metrics For personal use only FY18 Strong Out-Performance • Gross Investment Return of 26.27% vs Benchmark (All Ords Index) +9.12% In Context - 13 Year Performance vs Benchmark • Outperformed the benchmark in 10 out of 13 years Dividends • Paid 4x quarterly dividends totalling 3c per share (Aver
Slide 5: Katana Profile – Personnel
Katana Profile – Personnel Investment Staff For personal use only Manager – Skills and Experience • Combined direct investment experience of >100 years • Covers 4 stock market cycles • Professional Qualifications - economics, business, accounting, investment analysis • Diverse Backgrounds – domestic
Slide 6: Katana Profile - Personnel: Support Staff & Service Providers
Katana Profile - Personnel Support Staff & Service Providers For personal use only General Address AMP Building, Level 16, 140 St Georges Terrace, Perth Katana Asset Management Administration Christine Fernandez Stephanie Taverniti Niesha Hammond Compliance Jacqui Stewart - GRC Essentials Custodian
Slide 7: Investment Approach: Philosophy
Investment Approach Philosophy For personal use only Think independently but act in unison with the market, by combining the best precepts of the 5 key investment disciplines: 1. Value Investing 2. Fundamental Analysis 3. Growth Investing 4. Technical Analysis 5. Market Experience and Observation •
Slide 8: Investment Approach: Fund Parameters
Investment Approach Fund Parameters For personal use only Portfolio Overview Portfolio Parameters • Long only • 45-60 individual stock positions • ASX listed securities • Average position size 1%–5%, with a pre- • Benchmark ‘Unaware’ – i.e. flexibility to maximise returns without disposition towards
Slide 9: Investment Approach: Decision Process
Investment Approach Decision Process For personal use only
Slide 10: Typical portfolio – All-Opportunity
Investment Approach Typical portfolio – “All-Opportunity” Historical Characteristics: For personal use only ~ 5 of the top 10 portfolio holdings in ASX50 Top 10 Investments (KAEF) Percentage of Portfolio Valuation as at 31/10/2018 2-3 of the top 10 portfolio holdings in ASX100 2-3 of the top 10 port
Slide 11: Investment Returns: Ongoing Out-Performance Since Inception
Fund Performance and Outlook Investment Returns For personal use only Ongoing Out-Performance Since Inception 1. Inception date Katana Capital January 2006. Returns quoted are gross investment returns for the fund. 2. Past performance is not necessarily indicative of future performance. Source: Kata
Slide 12: Investment Returns: Consistent and Strong Out-Performance
Fund Performance and Outlook Investment Returns For personal use only Consistent and Strong Out- Performance Since inception, KAEF has out- performed the All Ords Index by 6.86% per annum on a gross basis. 1. Inception date Katana Capital January 2006. Returns quoted are gross investment returns for
Slide 13: Dividends
Fund Performance and Outlook Dividends For personal use only Dividend History • Paid dividends every year since listing • Quarterly dividends provide regular cash flow to yield conscious investors • Dividend Reinvestment Plan - company purchases shares on market so no dilution Future Dividends • Sub
Slide 14: A Strategist's Guide for Stock Picking
Fund Performance and Outlook DEBT DEBT DEBT For personal use only Page 13 A STRATEGIST'S GUIDE FOR STOCK PICKING
Slide 15: Financial Markets
Fund Performance and Outlook Financial Markets For personal use only Financial Markets • Late cycle bull market – have we witnessed ‘euphoric’ phase? • US Earnings ‘perfect’ – outlook less robust • Response to normalisation of central bank controlled interest rate & rising bond yields may not be smo
Slide 16: Other Risks – Trade War?
Fund Performance and Outlook Other Risks – Trade War? For personal use only Geopolitical challenges • Italy may destabilize Eurozone • Emerging market risk increasing – eg Turkey, Argentina, Venezuela • US/ Iran tensions / Middle East / North Korea Trumponomics • Volatile economic and foreign polici
Slide 17: Thankyou
If you would like a more information For personal use only Please email enquiries@katanaasset.com Thankyou