Salter Brothers Emerging Companies Ltd. · ASX:SB2
Salter Brothers Emerging Companies — Investor Presentation (October 2024)
12 slides from Salter Brothers Emerging Companies's investor presentation, Oct 29, 2024
Slide 1: AGM Season
For personal use only SALTER BROTHERS RESEARCH AGM SEASON OCTOBER 2024 S A LT E R B R OT H E R S . CO M . AU
Slide 2: Disclaimer
SALTER BROTHERS RESEARCH DISCLAIMER Important – General information and disclaimer Unless otherwise stated, statements made in this document are made Any investment contemplated by this document, including investment only as at the date of this document. The information in this document in SB2, is s
Slide 3: Contents
SALTER BROTHERS RESEARCH CONTENTS › Executive Summary. For personal use only › Summary of key holdings results. › Portfolio Metrics. › Overview of AGM’s. › Difference between Small & Large Caps. › SB2 AGM Process. S A LT E R B R OT H E R S | AG M S E A S O N | O C TO B ER 2 024 3
Slide 4: Executive Summary
SALTER BROTHERS RESEARCH EXECUTIVE SUMMARY › Salter Brothers is a global fund manager with over A$3.5B of group assets under management. For personal use only › Salter Brothers Emerging Companies Limited (ASX– SB2) is a listed investment company (LIC) dedicated to investing in small cap Australian c
Slide 5: Performance
SALTER BROTHERS RESEARCH PERFORMANCE › The Salter Brothers Emerging Companies Portfolio Performance ASX Emerging continues to deliver strong performance, achieving a For personal use only Summary# SB2 Companies Index* Difference 12-month return of 25.10% as of 30 September 2024. This result signific
Slide 6: Top Holdings and Portfolio Metrics
SALTER BROTHERS RESEARCH TOP 5 HOLDINGS AND PORTFOLIO METRICS Top 5 Holdings Market Cap Sector Company Description 1. Ai-Media Technologies Ltd Business Provider of live and recorded captioning, transcription, subtitles, translation, and speech analytics $157m (ASX:AIM) Software using a proprietary,
Slide 7: Discount to NTA
SALTER BROTHERS RESEARCH DISCOUNT TO NTA Discount Comparison Steps to Narrow the NTA and Share Price Gap For personal use only $1.060 › SB2 is currently trading at a ~31% discount to it’s Post-Tax NTA as at 30 September 2024. 31% › SB2 has been very active throughout September with its share buyback
Slide 8: What is an AGM?
SALTER BROTHERS RESEARCH WHAT IS AN AGM? › The Annual General Meeting (AGM) is a formal, legally mandated meeting for publicly listed companies. It provides shareholders with a platform to engage directly with the board and senior management to discuss the company’s For personal use only performance
Slide 9: Differences Between Small and Large Cap AGMs
SALTER BROTHERS RESEARCH DIFFERENCES BETWEEN SMALL AND LARGE CAP AGMS › Small caps focus on appointing directors, approving remuneration, and implementing equity incentive plans For personal use only to attract and retain talent. Directors often complement management by plugging operational or strat
Slide 10: SB2's AGM Process
SALTER BROTHERS RESEARCH SB2’S AGM PROCESS › SB2 has extensive board experience across both public and private companies, giving us an in-depth For personal use only understanding of the different perspectives of boards and management teams. › As an active small-cap investor, SB2’s votes carry weigh
Slide 11: Case Study (Anonymous Company)
SALTER BROTHERS RESEARCH CASE STUDY (ANONYMOUS COMPANY*) › A recent small cap example highlights the importance of good governance. In this case, Company X missed guidance for the financial year due to poor For personal use only alignment of management incentives with shareholder interests. › The co
Slide 12: Contact Us
SALTER BROTHERS RESEARCH CONTACT US Gregg Taylor For personal use only Investment Director & Head of Equities E | gregg.taylor@salterbrothers.com.au Yossi Kraemer Co‑head Capital Partnerships & Director Funds Management E | yossi.kraemer@salterbrothers.com.au P | 03 9258 2100 E | info@salterbrothers
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