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Wam Income Maximiser — Wilson Asset Management — Investor Presentation (November 2017)
43 slides from Wam Income Maximiser's investor presentation, November 2017
Slide 1: November 2017 Shareholder Presentation
November 2017 Shareholder Presentation
Slide 2: Play Video
Play Video >
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management) for use in conjunction with a verbal presentation and should be read in that context. This presentation Information for the graphs, charts and quoted indices co
Slide 4: All bull markets end
All bull markets end Page 4
Slide 5: The economy of the future
The economy of the future Page 5
Slide 6: Millennials are changing how we live and work
Millennials Big p are changing how we live and work IMAGE XXXX
Slide 7: You will be healthier for longer
WAM Global Key points You will be healthier for longer
Slide 8: The line between computers and humans will blur
The line between computers and humans will blur
Slide 9: 97% of the world's listed companies are outside Australia
97% of the world’s listed companies are outside Australia
Slide 10: Investing in undervalued international growth companies
Investing in undervalued international growth companies Register for updates at wilsonassetmanagement.com.au/global
Slide 11: Market outlook: The Australian economy remains patchy
Market outlook Housing The and infrastructure Australian economy CHINA IMAGE remains patchy
Slide 12: China's continued growth will assist
China’s continued growth will assist
Slide 13: Resources and mining services are set to thrive
Resources and mining services are set to thrive
Slide 14: Infrastructure is booming
a iwat Reet Maas ae “eet ‘a es Tas ae a
Slide 15: Major transport infrastructure projects
Major transport infrastructure projects Source: Macromonitor March 2017
Slide 16: Amazon enters Australia
Amazon enters Australia
Slide 17: Selected holdings
Selected holdings ASX ASX ASX ASX ASX SVW EHL PSI NEC RKN ASX ASX ASX ASX ASX GEM APT PTM VAH PPC
Slide 18: WAM Capital selected holdings
Wilson Asset Management W|A|M Capital SGH | Industrial Services, Media, Energy and Investments ASX SVW entertainment co. ASX NEC
Slide 19: WAM Microcap selected holdings
Wilson Asset Management W|A|M Microcap > Emeco : PACIFIC CURRENT GROUP ASX ASX FHL PAC
Slide 20: WAM Research selected holdings
Wilson Asset Management W|A|M Research & PSC BROKERS” ASX PSI CD) G8 Education" ASX GEM
Slide 21: WAM Active selected holdings
Wilson Asset Management W|A|M Active Ofkimm = PEET ASX ASX PTM : PPC
Slide 22: Central banks vs. equity markets
Central banks vs. equity markets
Slide 23: The great unwind
The great unwind Note: Changes in balance sheets are calculated as a 12-month rolling sum Source: Institute of International Finance
Slide 24: Global leading economic indicators are pointing to above-trend growth
Global leading economic indicators are pointing to above-trend growth ©BCA Research 2017 *Includes 23 countries, shown standardised, based on BCA calculations
Slide 25: Recessions & unemployment
Recessions & unemployment US unemployment rate* *Shown as a 3-month long average Note: grey shading indicates NBER-designated recessions
Slide 26: Recessions & bear markets
Recessions & bear markets US S&P 500* *Shown in log scale Note: grey shading indicates NBER-designated recessions
Slide 27: Oil price to rise as OPEC supply tightens
Oil price to rise as OPEC supply Retail Mining services tightens
Slide 28: Oil inventory drawdowns support higher prices
Oil inventory drawdowns support higher prices
Slide 29: Insurers attractive after hurricane season
Insurers attractive after hurricane season
Slide 30: Major banks deliver healthy numbers
Major banks deliver healthy numbers
Slide 31: Selected holdings
Selected holdings ASX ASX ASX ASX ASX BHP WOW SGR TAH BLD ASX ASX ASX ASX ASX WFD CGF ORG JHG CPU
Slide 32: WAM Leaders selected holdings
Wilson Asset Management W|A|M Leaders BORAL & Tabcorp ASX i ASX TAH : BLD
Slide 33: Century Australia selected holdings
Wilson Asset Management CENTURY AUSTRALIA Orrin ASX ORG Westfield ASX WFD
Slide 34: Share price premiums and discounts to NTA since inception
Share price premiums and discounts to NTA since inception 40% 30% 20% 10% 0% -10% -20% -30% -40% 2012 2002 2010 2000 2014 2004 2016 2006 2008 Page 34 As at 31 October 2017
Slide 35: Profit reserves
Profit reserves 1.1 1.3 years years 3.6 1.5 years years Based on FY2017 dividends
Slide 36: Activism is on the rise
Activism is on the rise Total Global Activism 2012-1H 2017 1200 Number of companies targeted by activists 1000 17 800 7 61 485 88 7 59 600 4 58 111 51 80 57 37 54 28 7 3 28 67 38 400 9 62 12 55 495 529 437 200 377 350 304 0 2012 2013 2014 2015 2016 1H 2017 North America Europe Asia-Pacific Australia
Slide 37: Slide 37
Slide 38: challenge
challenge UBS
Slide 39: Touring a walk
TORING a walk
Slide 40: Wilson Asset Management
Wilson Asset Management inl
Slide 41: Slide 41
Slide 42: Future Generation: Providing investment & social returns
® FUTURE GENERATION Providing investment & social returns. FUTURE GENERATION Play Video >
Slide 43: Shareholder Presentation
Shareholder Presentation 12.30pm – 1.30pm
Wilson Asset Management — Investor Presentation (November 2017) on 6ix