Alpha Trust Andromeda Investment Trust Sa · ATHEX:ANDRO
Alpha Trust Andromeda Investment Trust Sa — Investor Presentation (January 2025)
24 slides from Alpha Trust Andromeda Investment Trust Sa's investor presentation, Jan 17, 2025
Slide 1: Company presentation January 17th, 2025
Company presentation January 17th, 2025 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE 1 / 24
Slide 2: At a glance
alphatrust andromeda ata glance
Slide 3: Key Facts (31/12/2024)
Key Facts (31/12/2024) Key Facts (31/12/2024) € 31.42 m € 8.61 The only closed-end fund listed on the Athens Stock Exchange NAV Nav Per Share € 23. 64 m € 6.48 Seeks to invest in fundamentally sound assets primarily in the Market Cap Share Price domestic equity market. Looking for potentially underv
Slide 4: Ownership (as of 31/12/24)
Ownership (as of 31/12/24) Free Float: 56.07% 5.23% 30.90% Institutionals Retail 63.87% Treasury shares Source: ALPHA TRUST-ANDROMEDA 4 / 24
Slide 5: Why Alpha Trust Andromeda?
Why Alpha Trust Andromeda? 5 / 24
Slide 6: Attractive Mandate
1 Attractive Mandate 6 / 24
Slide 7: Attractive Mandate
Attractive Mandate Positive market prospects Hidden investment opportunities in the mid and small cap categories because of lack of research coverage Portfolio includes positions in less liquid securities capitalizing on less saturated segments with high growth potential Desire to explore the Privat
Slide 8: Emphasis on mid and small capitalization companies
Emphasis on mid and small capitalization companies Breakdown by market capitalization 100,00% 81,90% 80,00% ASE ALPHA TRUST ANDROMEDA 60,00% # of companies 22 26 92 in ASE 40,00% 36,45% 31,53% <1 bn and Market Cap >1 bn < 200 m 20,58% >200m 20,00% 13,57% 4,53% 0,00% % of Market cap 81.9% 13.6% 4.5 %
Slide 9: Fund Facts
Fund Facts Asset Class Breakdown Portfolio Breakdown by Industry Top 10 Holdings % of Portfolio TITAN CEMENT INTERNATIONAL 6.90% Industrial 19.53% METLEN ENERGY & METALS 6.19% Consumer, Cyclical 11.53% QUEST HOLDINGS 5.78% Financial 11.22% HELLENIC TELECOM 4.03% Technology 11.02% PETROS PETROPOULOS
Slide 10: A Dividend Champion
2 A Dividend Champion 10 / 24
Slide 11: Dividend yield Comparison
Dividend yield Comparison 1. Andromeda’s dividend yield by far exceeded that of the market in the last 6 9.20% years and it is expected to exceed it in the current year 2. Andromeda’s dividend is net while ATHEX’s estimated dividend yield is gross 7.39% 7.50% 6.20% 6.00% 4.62% 4.00% 3.24% 3.60% 3.38
Slide 12: Andromeda’s yield exceeded that of its peers
Andromeda’s yield exceeded that of its peers Source: Association of Investment Companies (AIC) 12 / 24
Slide 13: A solid candidate for a Greek Equity Portfolio due to
3 A solid candidate for a Greek Equity Portfolio due to 13 / 24
Slide 14: Long term outperformance
Long term outperformance Since change of investment 300% strategy to 250% purely Greek 269,70% (24/10/11), the 200% fund has delivered a return of 150% 168,48% 100% 10.41% (p.a.) 50% 0% -50% 10/11 10/12 10/13 10/14 10/15 09/16 09/17 09/18 09/19 09/20 09/21 08/22 08/23 08/24 NAV Per Share plus Divide
Slide 15: A low-risk addition to a Greek equity portfolio
Low correlation with ASE indices ATHEX High ATHEX Total ATHEX Mid Andromeda Dividend Yield A low-risk Return Index Index Cap Index addition to a Std. Deviation 10.63% 14.46% 14.05% 14.57% Greek Correlation with Andro 84.96% 82.94% 74.06% equity Beta 0.62 0.63 0.54 portfolio R Square 72.2% 68.8% 54.9
Slide 16: NAV is enjoying lower volatility compared to the market as a whole
NAV is enjoying lower volatility compared to the market as a whole NAV Performance ALPHA TRUST-ANDROMEDA Athex Composite Total Return Index Best year 25.1% 53.6% Worst year -14.6% -28.3% Number of positive years 8 8 Number of negative years 4 4 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DO
Slide 17: Unjustified stock discount
4 Unjustified stock discount 17 / 24
Slide 18: Andro Premium / Discount vs ASE
Andro Premium / Discount vs ASE 6.000,00 60,00% 40,00% 5.000,00 20,00% 4.000,00 0,00% 3.000,00 -20,00% -40,00% 2.000,00 -60,00% 1.000,00 -80,00% 0,00 -100,00% Premium / Discount Ανδρομέδα ΓΕΝΙΚΟΣ ΔΕΙΚΤΗΣ ΤΙΜΩΝ Χ.Α. 18 / 24
Slide 19: Factors affecting Andromeda’s discount
Factors affecting Andromeda’s discount • Average life long discount stands at 21.3% 2003 - 2007 Market Trend + • In periods when the ASE is in an uptrend, average Avg Discount -12.6% discount stands well below the average. 2008 - 2011 Market Trend - • In periods when the ASE is in a downtrend, avera
Slide 20: Closed End Funds Discounts
Unjustified stock discount Closed End Funds Discounts AVERAGE ACTUAL MEDIAN European Smaller Companies -18% -16% All Smaller -18% -15% Companies All Equity -15% -13% Income Andromeda -25% Source: Association of Investment Companies (AIC)-Dec.2024 20 / 24
Slide 21: Experienced BoD
5 Experienced BoD 21 / 24
Slide 22: Each member of the Board has over 30 years experience in the financial sector
Each member of the Board has over 30 years experience in the financial sector and the capital markets Chairman, Independent, Margarita Vlachochristou Non Executive Member Vice Chairman, Phaedon – Theodore Tamvakakis Non Executive Member Managing Director, Vasileios Κletsas Executive Member Non Execu
Slide 23: Communication with Shareholders and Investors
Communication Communication with Shareholders and Investors Maria Marina Printsiou Corporate Secretary & Investor Relations Shareholders Service Unit – Corporate Announcements Email: m.printsiou@andromeda.eu Τ: 210 62 89 341 23 / 24
Slide 24: Thank you
Thank you ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 - 1 Aristeidou Street, 14561 Kifissia, Tel: +30 210 6289100, +30 210 6289341 www.andromeda.eu info@andromeda.eu @Alpha Trust Andromeda
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