NGE Capital Ltd · ASX:NGE
NGE Capital — Investor Presentation (January 2018)
18 slides from NGE Capital's investor presentation, Jan 31, 2018
Slide 1: NGE Capital Limited Market update
For personal use only NGE Capital Limited Market update 31 January 2018
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 (31 Dec 2017) $
Slide 4: Review of operations – FY2017
Review of operations – FY2017 For personal use only 26.8% increase in NTA (after tax) per share to NGE performance – 2017 $0.630 in the first full year of operation as a LIC. Achieved an after-tax profit (unaudited) of $4.68M Total return NGE ASX 200 Accum. for the year. NTA per share 26.8% Un
Slide 5: Investment philosophy
Investment philosophy For personal use only Target investments that can generate strong returns with an adequate margin of safety • Individual securities can and do significantly deviate away from their fair value. • Potential to generate strong risk-adjusted returns by investing in select securitie
Slide 6: Investment process
Investment process For personal use only Idea generation Proprietary research • Screening • Fundamental analysis • Identify mispricing • Company meetings / site visits • Leverage network of contacts • Speak to experts Investment decision Assessment • Buy, hold, sell, wait, do nothing • Qualify again
Slide 7: A top performing LIC in 2017
A top performing LIC in 2017 For personal use only NGE has been one of the best performing LICs on the ASX over calendar year 2017. (1) Total portfolio return CY2017 – NGE Portfolio performance – all ASX LICs ($ per share) CY 2017 +26.8% $0.629 $0.630 Total portfolio return # Average Low High $0.5
Slide 8: NGE portfolio
NGE portfolio For personal use only Key characteristics – 31 December 2017 Top holdings – 31 December 2017 Listed equities 59% Listed equities Unlisted equities 17% Mineral Deposits 35% Convertible notes 3% Eureka Group Holdings 12% (1) Cash balance 21% Godfreys Group 6% (1) Net of liabilities. Mill
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 (29 Jan 2018) $ 1.17 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 (29 Jan 2018) $ 0.315 Government pension and Rent Assistance. Market cap $m 72
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 (29 Jan 2018) $ 0.40 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 (29 Jan 2018) $ 1.415 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 ~$7bn in funds under administration. F
Slide 15: Board and management
Board and management For personal use only David Lamm Adam Saunders Ilan Rimer Leslie Smith Executive Chairman & Executive Director & Non-Executive Director Chief Financial Officer & Chief Investment Officer Portfolio Manager Company Secretary Responsible for the origination of Responsible for t
Slide 16: LIC structure
LIC structure For personal use only Estimated running costs (p.a.) ($m) NGE is an internally managed LIC with no external management fees or external performance fees. 0.77 Became a LIC in November 2016 following a change in nature of business and ASX re-compliance process. Negligible legacy 0.1
Slide 17: 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 provide a level of protection ago. Continue to grow NTA based from macro-drive
Slide 18: 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