Bentley Capital — Shareholder Meeting (November 2007)

5 slides from Bentley Capital's shareholder meeting presentation, Nov 29, 2007

Slide 1: Presentation to Bentley International Limited 2007 AGM
CONSTELLATION CAPITAL MANAGEMENT CONSTELLATION CAPITAL MANAGEMENT Investment Manager For personal use only Presentation to Bentley International Limited 2007 AGM 29 November 2007 0 CONSTELLATION CAPITAL MANAGEMENT Disclaimer This presentation may contain general financial product advice, provided by
Slide 2: Highlights of 2007 Year
CONSTELLATION CAPITAL MANAGEMENT Highlights of 2007 Year For personal use only • Significant Fund Outperformance V Global Market Returns • Currency Headwind • Strong Diversification benefits • Low Portfolio Management Costs • Performance since June 30 2007 • Outlook 2 CONSTELLATION CAPITAL MANAGEMEN
Slide 3: Currency Headwind
CONSTELLATION CAPITAL MANAGEMENT Currency Headwind For personal use only MSCI ex MSCI ex Australia in $US Australia in $A 30/06/1997 0.754 100 100 30/06/2002 0.564 104 140 30/06/2006 0.742 164 167 30/06/2007 0.850 203 180 Return p.pa 30 Jun 1997 - 30 Jun 2002 6.0% 0.9% 6.9% 30 Jun 2002 - 30 Jun 2007
Slide 4: Low Portfolio Management Costs
CONSTELLATION CAPITAL MANAGEMENT Low Portfolio Management Costs Investment management fee below 1% For personal use only FUM Low marginal variable fees Investment expenses less than 33% of total expenses compared to c.70% for similar ASX Listed Investment Company Strong scaleability benefits
Slide 5: Outlook and Questions
CONSTELLATION CAPITAL MANAGEMENT Outlook and Questions For personal use only 8