NAOS Ex-50 Opportunities Co. Ltd. · ASX:NAC
NAOS Ex-50 Opportunities — Shareholder Meeting (November 2019)
18 slides from NAOS Ex-50 Opportunities's shareholder meeting presentation, Nov 14, 2019
Slide 1: NAOS Ex-50 Opportunities Company Limited Annual General Meeting FY19
NAOS Ex-50 Opportunities Company Limited For personal use only (ASX: NAC) Annual General Meeting FY19 Thursday, 14 November 2019 11.00am (AEDT) CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 1
Slide 2: Important Information
Important Information This material has been prepared by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529) (NAOS) for general information purposes For personal use only only and must not be construed as investment advice. It does not constitute an offer to purchase any security or fina
Slide 3: NAOS Asset Management Our Mission
NAOS Asset Management Our Mission For personal use only To provide investors with genuine long-term, concentrated exposure to Australian undervalued listed micro, small and mid-cap companies with an industrial focus. NAOS established its first Listed Investment Company (LIC) in 2013 with 400 shareho
Slide 4: Investment beliefs provide a competitive advantage
NAOS investment beliefs provide a competitive advantage For personal use only Value with Long Quality over Invest for the Performance v Term Growth Quantity Long Term Liquidity Focus 5+ years The closed end LIC structure removes application and redemption risk. Ignore the Pure Exposure Environmental
Slide 5: NAC Overview as at June 2019
NAC Overview as at 30 June 2019 For personal use only $1.00 $0.825 6.55% $390.9m 15 11.25% -2.86% Pre Tax NTA Share Price Dividend Yield Average Holdings Cash FY19 Market Cap. Weighting Performance of Portfolio Fully Franked Dividend (Cents Per Share) 31.79 10 30 22.25 20 5.00 5.25 5.25 4.75 5 10 2.
Slide 6: Investment portfolio financial year returns
NAOS investment portfolio financial year returns * For personal use only 35% 25% 22.04% 18.13% 15% 12.95% 5% -5% -15% FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 NAOS Emerging Opportunities Company Limited (ASX: NCC) NAOS Ex-50 Opportunities Company Limited (ASX: NAC) NAOS Small Cap Opportunities Compan
Slide 7: NAC portfolio update as at October 2019
NAC portfolio update as at 31 October 2019 For personal use only $1.17 $0.93 5.65% $371.5m 11 11.39% 18.13% Pre Tax NTA Share Price Dividend Yield Average Long Holdings Cash FY20 YTD Market Cap. 1 Weighting Performance of Portfolio Short Holding Update on core holdings • MNF Group Limited (ASX: MNF)
Slide 8: Outlook
Outlook The balance of risk versus return remains the key consideration For personal use only New holdings • AMA Group Limited (ASX: AMA): AMA operate in a large fragmented market worth >$7 billion. They are now the clear leader in the vehicle panel repair market with 9% market share and there is op
Slide 9: Ongoing capital management
Ongoing capital management For personal use only Continue to address the discount to NTA Buy-Back Program • Maintain a focus on performance. • We will not deviate from the NAOS investment strategy and 600,000 philosophy. • Continued focus on maintaining and growing a stream of fully franked dividend
Slide 10: Q&A
Q&A For personal use only NAOS Asset Management, the management company, is proud to be giving back ~ 1% of recurring income to the following charities ‘Golden Shouldered Parrot’ threatened ‘Reef Aid’ campaign, in partnership RFDS, dedicated to providing species project, in partnership with with Gre
Slide 11: Appendix
Appendix For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 11
Slide 12: Investment process
NAOS investment process For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 12
Slide 13: ESG framework
NAOS ESG framework For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 13
Slide 14: Management alignment
NAOS management alignment For personal use only 9,000,000 Inception Directors Shareholding 7,892,172 (Ordinary Shares) 8,000,000 31 October 2019 Directors 7,000,000 Shareholding (Ordinary Shares) 6,000,000 5,000,000 4,205,147 4,000,000 3,000,000 2,026,836 2,066,449 2,000,000 837,958 1,007,288 1,000,
Slide 15: Shareholder Numbers
NAOS Shareholder Numbers For personal use only 10,000 8,000 6,000 4,000 7,811 2,000 0 430 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Total Shareholders (June 30) CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 15
Slide 16: Directors and Team
NAOS Directors and Team For personal use only OUR DIRECTORS Sebastian Evans Warwick Evans Matthew Hyder David Rickards Sarah Williams Mark Bennett Trevor Carroll Managing Director, NAOS Chairman, NAOS Asset Director, NAOS Asset Independent Chairman & Independent Director, Director, NAOS Asset Indepe
Slide 17: Investor awareness and communication
Investor awareness and communication For personal use only CEO Insights, NAOS Shareholder Monthly Investment The news and media Twice yearly National Newsletter, Conference Calls, Report & NTA email section of our website Roadshow subscribe via our subscribe via our updates, subscribe via is updated
Slide 18: Thank you for your continued support
Thank you for your continued support For personal use only CONVICTION. LONG TERM. ALIGNED | Copyright 2019 NAOS Asset Management Limited 18
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