NGE Capital Ltd · ASX:NGE
NGE Capital — Investor Presentation (October 2017)
20 slides from NGE Capital's investor presentation, Oct 19, 2017
Slide 1: NGE Capital Limited Market update
For personal use only NGE Capital Limited Market update 19 October 2017
Slide 2: Disclaimer
Disclaimer For personal use only The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of NGE Capital Limited (NGE Capital) and or its various business activities. While management has taken every effort to ensure the accuracy
Slide 3: Company snapshot
Company snapshot For personal use only NGE Capital Limited (NGE or Company) is a Listed Summary Investment Company (LIC) which allows investors to invest in a concentrated, high ASX ticker NGE conviction, professionally managed portfolio of financial assets. NTA per share post tax (30 Sep 2017) $
Slide 4: Review of operations
Review of operations For personal use only 26.6% increase in NTA (after tax) per share to NGE performance YTD $0.629 as at 30 September since 1 January. Continued to build up NGE’s portfolio based on our Total return NGE ASX 200 Accum. investment principles, with investments in Eureka, NTA 26.6%
Slide 5: Investment philosophy
Investment philosophy For personal use only Target investments that can generate strong returns with an adequate margin of safety • Individual securities can and do significantly deviate away from their fair value. • Potential to generate strong risk-adjusted returns by investing in select securitie
Slide 6: Investment process
Investment process For personal use only Idea generation Proprietary research • Screening • Fundamental analysis • Identify mispricing • Company meetings / site visits • Leverage network of contacts • Speak to experts Investment decision Assessment • Buy, hold, sell, wait, do nothing • Qualify again
Slide 7: A top performing LIC in 2017 YTD
A top performing LIC in 2017 YTD For personal use only NGE has been one of the best performing LICs on the ASX since the beginning of the year. NTA per share (year to date) ($ per share) $0.650 $0.629 $0.619 $0.621 Total portfolio return 9 mths to 30 Sep $0.595 NGE 26.6% $0.600 $0.580 $0.565 $0.57
Slide 8: NGE portfolio
NGE portfolio For personal use only Key characteristics – 30 September 2017 Top holdings – 30 September 2017 Listed equities 57% Listed equities Unlisted equities 16% Mineral Deposits 28% Convertible notes 3% Eureka Group Holdings 12% Other 0% Godfreys Group 11% Cash balance 24% Millennium Services
Slide 9: Portfolio holding: Mineral Deposits
Portfolio holding: Mineral Deposits For personal use only Mineral Deposits (ASX:MDL) Snapshot – Mineral Deposits Description MDL owns a 50% stake in the TiZir joint venture, ASX ticker MDL which owns the Grande Cote (GCO) mineral sands Price (18 Oct 2017) $ 0.805 operation in Senegal and the TiZir
Slide 10: Portfolio holding: Eureka Group
Portfolio holding: Eureka Group For personal use only Eureka Group Holdings (ASX:EGH) Snapshot Description Provider of low cost rental accommodation to ASX ticker EGH independent retirees who are reliant on the Price (18 Oct 2017) $ 0.350 Government pension and Rent Assistance. The company owns
Slide 11: Portfolio holding: Godfreys
Portfolio holding: Godfreys For personal use only Godfreys Group (ASX:GFY) Snapshot Description Specialty retailer of vacuum cleaners and cleaning ASX ticker GFY products for domestic use in Australia and NZ. Price (18 Oct 2017) $ 0.63 Situation Share price has taken a battering after a series o
Slide 12: Portfolio holding: Godfreys
Portfolio holding: Godfreys For personal use only We encourage our shareholders to shop at Godfreys stores and take advantage of the excellent in-store service and fantastic product range Selected product range Hoover Air Stick Pro 25.2V Hoover Zoom Wertheim 7 Series Vacuum Stickvac (launched July 2
Slide 13: Portfolio holding: Millennium Services
Portfolio holding: Millennium Services For personal use only Millenium Services (ASX:MIL) Snapshot Description Mid-tier provider of cleaning, security and low- ASX ticker MIL level maintenance services to retail shopping Price (18 Oct 2017) $ 1.69 centres, offices and schools in Australia and New
Slide 14: Portfolio holding: Powerwrap
Portfolio holding: Powerwrap For personal use only Powerwrap Limited Snapshot – Powerwrap Description Powerwrap is an unlisted public company that FUA (1) $bn ~7.0 provides investment portfolio administration services. FY17 Revenue (2) $m 11.6 Powerwrap has ~$7bn in funds under administration FY
Slide 15: Recent wins – Karoon Gas Australia
Recent wins – Karoon Gas Australia For personal use only Karoon Gas Australia Limited (ASX:KAR) Share price performance 5.00 20,000 Description Oil and gas explorer with operations in Australia, Brazil and Peru. 4.50 18,000 Stated ambition to transition from explorer to producer. 4.00 16,000 Sit
Slide 16: Recent wins – Metals X / Westgold
Recent wins – Metals X / Westgold For personal use only Metals X (ASX:MLX) and Westgold Resources (ASX:WGX) Share price performance – Metals X 1.00 150,000 Description Gold and base metals (Copper and Tin) Purchase shares 0.90 125,000 exploration, development and production at $0.68 equiv. company
Slide 17: Board and management
Board and management For personal use only David Lamm Adam Saunders Ilan Rimer Leslie Smith Executive Chairman & Executive Director & Non-Executive Director Chief Financial Officer & Chief Investment Officer Portfolio Manager Company Secretary Responsible for the origination of Responsible for t
Slide 18: LIC structure
LIC structure For personal use only Estimated running costs (p.a.) NGE is an internally managed LIC with no external ($m) management fees or external performance fees. Became a LIC in November 2016 following a change in nature 0.77 of business and ASX re-compliance process. Negligible legacy 0.1
Slide 19: Outlook
Outlook For personal use only We continue to see more value Continue to build up and Our bottom-up, value-based opportunities in the market manage NGE’s portfolio. stock picking approach should than was the case 12 months shield our portfolio from most ago. Continue to grow NTA based macro-driven ev
Slide 20: Contact details
Contact details For personal use only David Lamm Adam Saunders Executive Chairman & Executive Director & Investment proposals Chief Investment Officer Portfolio Manager Submit an investment opportunity for us to consider to: investments@ngecapital.com.au NGE Capital Limited P: +61 3 9648 2290 E: off