Associate Global Partners Limited · ASX:APL
Associate Global Partners — Shareholder Meeting (November 2022)
22 slides from Associate Global Partners's shareholder meeting presentation, Nov 9, 2022
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation Marty Switzer Managing Director and CEO November 2022
Slide 2: Disclaimer
Disclaimer This material has been prepared by Contango Asset Management Limited (ABN 56 080 277 998) (CGA) (Group) and comprises written materials/slides for a presentation concerning the Group. This is not a prospectus, disclosure document or offering document. The Group its officers, employees, ag
Slide 3: Company Highlights
Company Highlights Blackmore Capital appointed to manage the Switzer Dividend Growth Fund (Quoted Managed Fund) (SWTZ), completing April 21 Contango’s transition to a marketing and distribution platform August 21 WCM Global Growth Limited (WQG) further enhances dividend policy with the introduction
Slide 4: Growth in FUM since 2017
Growth in FUM since 2017 As at 7 November 2022, Contango’s FUM totalled $917 million1. FUM recovery from major 2H FY22 market correction 03 1 Data as at 7 November 2022. FUM and flow information is approximate, rounded, and has not been audited. The FUM information is provided by the Group’s appoint
Slide 5: Quarterly Flows since 2018
Quarterly Flows since 2018 Positive net inflows were recorded in every quarter since 2018, except Q4 FY22. Despite the significant market drawdown in 2H FY22, net inflows were positive (+$116m) for FY22. Positive inflows resuming in FY23 04 Data as at 30 September 2022. Excludes WCM Global Long Shor
Slide 6: Contemporary Distribution Capability
Contemporary Distribution Capability The Group continues to build its marketing and distribution platform Direct Advised High Net Worth Consultants and Direct and retail broker Experienced distribution High Net Worth individuals, Platforms channels including the and marketing team family office and
Slide 7: The Group's Product Suite
The Group’s Product Suite Product Suite Global Equities Income Private Credit WCM WCM Quality WCM Quality Switzer Dividend International WCM Global Switzer Higher Woodbridge Private WCM Global Global Growth Global Growth Growth Fund Small Cap Long7Short Yield Fund Growth Limited Fund (Quoted Fund (M
Slide 8: Platform Availability
Platform Availability The following products have been approved for use on several leading wealth management platforms: WCM Quality Global WCM Quality Global WCM International Small WCM Global Growth Woodbridge Private Growth Fund (Quoted Growth Fund (Managed Cap Growth Fund Limited Credit Fund Mana
Slide 9: Global Equities Update – WCM Investment Management
Global Equities Update – WCM Investment Management Since partnering with Contango in June 2017, WCM now has $817m in retail FUM in Australia*. Product FUM Highlights • Enhanced dividend policy with progressive dividend payments from August 2021 WCM Global Growth Limited $258m • Early exercise of $12
Slide 10: Large-Cap Track Record
Large-Cap Track Record Annualised returns of the WCM Quality Global Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 3, 5 and 10-years basis and since inception. 17.44% 13.47% 13.92% 13.07% 9.67% 9.67% 8.62% 7.99% 1 Year 3 Years 5 Years 10 Years Inc
Slide 11: Small-Cap Track Record
Small-Cap Track Record Annualised returns of the WCM International Small Cap Growth Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 3 and 5-years basis and since inception. 15.16% 11.17% 7.06% 7.36% 3.07% 3.82% 1 Year 3 Years 5 Years Inception -14.72% -36
Slide 12: Long Short Track Record
Long Short Track Record Annualised returns of the WCM Quality Global Growth Long Short Equity Strategy Composite vs its benchmark. The Strategy has outperformed its benchmark on a 3 and 5-years basis and since inception. 16.13% 13.83% 11.39% 9.02% 9.67% 7.99% 1 Year 3 Years 5 Years Inception -5.54%
Slide 13: WCM Global Long Short Limited (ASX:WLS)
WCM Global Long Short Limited (ASX:WLS) • On 24 January 2022 WLS announced a proposed restructure to enable investors to access the Strategy at values much closer to the underlying net tangible assets. • On 13 October 2022, an Updated Proposed Restructure was announced to the ASX, together with a fu
Slide 14: Income Suite
Income Suite Switzer Dividend Growth Fund (Quoted Managed Fund) Powered by Switzer Dividend Growth Fund (Quoted Managed Fund) (ASX:SWTZ) • SWTZ aims to generate an above-market yield while maximising franking where possible and deliver capital growth over the long term. • Blackmore Capital Pty Limit
Slide 15: Income Suite (cont.)
Income Suite (cont.) Switzer Higher Yield Fund (Managed Fund) Powered by Switzer Higher Yield Fund (Managed Fund) (Cboe:SHYF) • SHYF is a floating-rate, zero-duration bond fund that seeks to provide investors with an attractive cash yield with low capital volatility by investing in a portfolio of hi
Slide 16: New Investment Manager – Woodbridge Capital
New Investment Manager – Woodbridge Capital The Woodbridge Private Credit Fund • On 20 April 2022, the Group entered a distribution arrangement with Woodbridge Capital Pty Ltd (Woodbridge), a new Australian domiciled private credit investment manager. • The agreement involves distributing Woodbridge
Slide 17: New Revenue Streams
New Revenue Streams Vantage Private Equity Growth Fund 5 • Vantage Asset Management (Vantage) engaged the Group's direct investor platform to promote the Vantage Private Equity Growth Fund 5 (VPEG5) for a limited period during FY22. • Vantage is a leading provider of private equity investment opport
Slide 18: Growth in Retail Investor Base
Growth in Retail Investor Base As at 31 October 2022, Contango had 14,885 unitholders and shareholders* across its product suite SHAREHOLDERS / PRODUCT UNITHOLDERS WCM Global Growth 4,338 Limited (ASX:WQG), WCM Global Long Short 884 Limited (ASX:WLS) WCM Quality Global 6,498 Growth (ASX:WCMQ) Switz
Slide 19: Financial Position and Performance
Financial Position and Performance • Contango’s cash balance as at 30 September 2022 was $5.842 million • Contango remains well capitalised with: o cash and current receivables of $7.719 million o current payables and borrowings of $3.774 million o other non-current debt of $0.502 million Revenues f
Slide 20: Rebrand to Become Associate Global Partners
Rebrand to Become Associate Global Partners • Operating under a single identity that aligns both the listed company and the responsible entity will provide clarity for clients and investors, enable the business to focus on its core objective of promoting its investment managers and position the Grou
Slide 21: Strategic Priorities
Strategic Priorities Distribution Capability Financial Performance We will continue to invest in We will aim to increase annualised distribution to grow our products revenues with strict cost control organically in the retail and and expect to reach positive cash wholesale markets. flow and profitab
Slide 22: Contact Details
Contact Details MARTY SWITZER CEO and Managing Director Contango Asset Management Level 6, 10 Spring Street Sydney NSW 2000 Australia 0407 297 702 (Marty Switzer) 1300 001 750
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