Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (November 2021)
23 slides from Excelsior Capital's shareholder meeting presentation, Nov 30, 2021
Slide 1: Annual General Meeting 2021
ANNUAL GENERAL MEETING 2021 For personal use only Excelsior Capital Limited Tuesday, 30 November
Slide 2: Agenda
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Agenda For personal use only 1 Chairman’s Comments 2 Introductions and Formalities 3 Presentation 4 Items of Business 22
Slide 3: Chairman – Danny Herceg
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Chairman – Danny Herceg For personal use only Danny re-joined the Board in April 2021 having previously served on the board as a Director of the company from 2007 to 2014 and 2019 to March 2021. Danny is a senior corporate and commercial lawyer.
Slide 4: Shareholder Presentation
SHAREHOLDER PRESENTATION For personal use only ANNUAL GENERAL MEETING 2021 TUESDAY, 30 NOVEMBER 2021 (VIRTUAL MEETING) 4
Slide 5: Company Profile
For personal use only Company Profile 5
Slide 6: Company profile
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Company profile For personal use only Excelsior Capital Limited (ASX:ECL) is a Listed Investment Company. The Listed Investment Fund at 30 June 2021 had its main CMI Electrical Operations specialises in the design and investment with the Electric
Slide 7: Strategic Review Update
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Strategic Review Update For personal use only The strategic review is now largely complete. The key takeaways to date have been: CMI Electrical Operations – We have changed our focus in relation to this business from being a separate operating en
Slide 8: FY Financial Performance
For personal use only FY 21 Financial Performance 8
Slide 9: Financial Performance (Group)
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Financial Performance (Group) For personal use only PERIOD ENDED 30 JUNE FY21 FY20 CHANGE Revenue* $m 75.3 60.0 26% EBITDA $m 9.6 6.7 43% EBITDA Margin % 13.0 11.0 2pp NPAT $m 5.4 3.6 50% NPAT Margin % 7.2 6.1 1.1pp EPS cps 18.0 13.0 5cps ROE % 1
Slide 10: FY21 results were extremely strong despite Covid-19
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited FY21 results were extremely strong despite Covid-19 CMI Electrical Operations results impacts throughout the domestic and overseas For personal use only markets. • Cables sales of $70.5m (FY20, $52m) up 35%,as a COMPARISION OF RESULTS TO 30 JUNE
Slide 11: Investment Portfolio holdings
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Investment Portfolio holdings For personal use only PERIOD ENDED 30 JUNE Asset Classes • At 30 June 2021 the Investment Portfolio held: - its Electrical business with net assets of $28m; Unlisted Investments - $280k in unlisted equities; $3.3m -
Slide 12: Outlook & Priorities
For personal use only OUTLOOK & PRIORITIES DANNY HERCEG CHAIRMAN Performance To Date and Outlook 12
Slide 13: Performance Year to Date and Outlook
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Performance Year to Date and Outlook For personal use only CMI Electrical Operations Results (unaudited) Oct’21² Oct’20 CHANGE YTD YTD Revenue (Gross) $m 30.6 24.4 25% Revenue (Net) $m 27.4 22.3 23% EBITDA $m 3.7¹ 2.5 48% EBITDA Margin % 13.3 11.
Slide 14: Analysis of Performance of ECL – 2017 to 2021
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Analysis of Performance of ECL – 2017 to 2021 For personal use only Since ECL re-listed on 20 January 2017 the Company has provided significant growth and returns to investors. These are summarised below: 1. On 20 January 2017, following relistin
Slide 15: Shareholder Questions
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Shareholder Questions For personal use only 15
Slide 16: Important Notice
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Important Notice For personal use only DISCLAIMER Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other
Slide 17: Annual General Meeting Items Of Business
For personal use only Annual General Meeting Items Of Business 17
Slide 18: Financial Statements and Reports
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Financial Statements and Reports For personal use only To receive and consider the Directors’ Report, Independent Auditor’s Report and Financial Statements for the Company for the year ended 30 June 2021. Reports were audited by Hall Chadwick (NS
Slide 19: Resolution 1: Election of Danny Herceg as a Director
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 1: Election of Danny Herceg as a Director For personal use only The total of valid proxies received for Resolution 1 is 22,495,169 being: 16,371,316 FOR the resolution 6,084,393 AGAINST the resolution 39,460 OPEN to proxy 86,238 ABSTAI
Slide 20: Resolution 2: Re-Election of Leanne Catelan as a Director
2021 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 2: Re-Election of Leanne Catelan as a Director For personal use only The total of valid proxies received for Resolution 2 is 22,581,407 being: 16,621,066 FOR the resolution 5,920,881 AGAINST the resolution 39,460 OPEN to proxy - ABSTAI
Slide 21: Resolution 3: Election of Warwick Sauer as a Director
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 3: Election of Warwick Sauer as a Director For personal use only The total of valid proxies received for Resolution 3 is 22,581,407 being: 7,291,895 FOR the resolution 15,250,052 AGAINST the resolution 39,460 OPEN to proxy - ABSTAIN *
Slide 22: Resolution 4: Remuneration Report
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 4: Remuneration Report For personal use only The total of valid proxies received for Resolution 4 is 7,967,805 being: 2,402,841 FOR the resolution 5,525,504 AGAINST the resolution 39,460 OPEN to proxy 52,500 ABSTAIN * Votes cast by a p
Slide 23: Resolution 5: Conditional Spill
2020 ANNUAL GENERAL MEETING Excelsior Capital Limited Resolution 5: Conditional Spill For personal use only The total of valid proxies received for Resolution 5 is 7,985,177 being: 6,982,936 FOR the resolution 962,781 AGAINST the resolution 39,460 OPEN to proxy 35,128 ABSTAIN * Votes cast by a perso
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