General Capital Ltd. · NZX:GEN
General Capital — Shareholder Meeting (August 2023)
21 slides from General Capital's shareholder meeting presentation, Aug 24, 2023
Slide 1: Welcome to General Capital Limited's Annual Shareholder Meeting
Welcome to General Capital Limited’s Annual Shareholder Meeting 3:00pm Thursday 24 August 2023 1
Slide 2: Chairman of the meeting: Rewi Bugo
Chairman of the meeting: Rewi Bugo 2
Slide 3: General Capital Directors
General Capital Directors Brent King Rewi Bugo Paul Zingel Gregory James Megan Glen 3
Slide 4: Agenda
Agenda 1.1 Chairman’s Introduction 1.2 Apologies 1.3 Chairman’s Address 1.4 Regular Business 1.5 General Business and Shareholder Discussion 1.6 Close 4
Slide 5: 1.1 Chairman's Introduction
1.1 Chairman’s Introduction 5
Slide 6: 1.2 Apologies
1.2 Apologies = GENERAL S Capita
Slide 7: 1.3 Chairman's Address
1.3 Chairman’s Address = GENERAL S Capita
Slide 8: 1.4 Regular Business
1.4 Regular Business a) Consideration and Discussion of Annual Report. The meeting will receive, consider and discuss the Annual Report of the Company for the year ended 31 March 2023, including the financial statements for that year and the directors’ and auditor’s reports to the shareholders. 8
Slide 9: Managing Director: Brent King
Managing Director: Brent King 9
Slide 10: Key Points
Key Points • Total Assets up 32% to $136.1m • Total Equity up 79% to $24.3m • Revenue up 71% to $13.7m • Net Profit Before Tax up 77% to $3.3m • Net Profit After Tax up 68% to $2.3m • Results include a $537k of goodwill write off • Two complete share placements at year end • Credit Rating Upgraded t
Slide 11: General Capital Consolidated Balance Sheet
General Capital Consolidated Balance Sheet 140.0 136.1 120.0 111.8 102.9 100.0 89.4 80.0 68.2 58.6 60.0 51.2 41.8 40.0 24.3 23.9 9.5 13.5 15.2 20.0 8.8 9.4 1.0 0.1 1.1 - Equity ($mil) Total Liabilities ($mil) Total Assets ($mil) Mykco - 31 March 2018 GCL - 31 March 2019 GCL - 31 March 2020 GCL - 31
Slide 12: Growth in General Finance Limited (subsidiary)
Growth in General Finance Limited (subsidiary) 140.0 129.0 127.7 122.9 120.0 116.7 111.9 111.7 111.7 99.2 101.5 100.0 90.7 89.4 83.1 79.1 80.0 71.3 72.2 64.5 65.0 61.0 60.0 55.2 58.5 51.4 47.7 47.1 45.4 41.8 41.2 40.0 12.2 16.0 20.0 6.9 7.6 10.4 11.2 6.3 9.7 5.8 5.9 6.0 5.8 6.1 - Mar-20 Jun-20 Sep-2
Slide 13: Secured Term Deposit by Location 2020 - 2023
Secured Term Deposit by Location 2020 - 2023 50,000 45,000 40,000 35,000 30,000 $,000 25,000 20,000 15,000 10,000 5,000 - Northland Auckland Waikato Bay of Plenty Wellington Other North South Island Overseas Island 2020 2021 2022 2023 13
Slide 14: Loan by Security Type 2020 - 2023
Loan by Security Type 2020 - 2023 100,000 92,917 90,000 80,000 70,000 69,125 60,000 $,000 50,000 46,751 40,000 29,383 30,000 20,000 12,384 10,000 8,692 4,607 3,904 2,107 3,100 3,101 3,099 1,903 - Residential housing Residential bare land Residential development land and Commercial property housing 2
Slide 15: Loan by Location 2020 - 2023
Loan by Location 2020 - 2023 90,000 80,000 70,000 60,000 50,000 $,000 40,000 30,000 20,000 10,000 - Northland Auckland Waikato Bay of Plenty Wellington Other North Canterbury Otago Marlborough Island 2020 2021 2022 2023 15
Slide 16: Synthony Sponsorship
Synthony Sponsorship 16
Slide 17: Synthony in the Snow
Synthony in the Snow GENERAL CAPITAL 17 cs =)
Slide 18: 1.4 Regular Business: Resolution 1, Auditors fees and expenses
1.4 Regular Business b) Resolution 1: Auditors fees and expenses To record that Company’s auditors, Grant Thornton New Zealand Audit Limited, are automatically reappointed as auditors pursuant to section 207T of the Companies Act 1993 and to consider, and if thought fit, to pass the following ordina
Slide 19: 1.4 Regular Business: Resolution 2, Re-election of Director
1.4 Regular Business c) Resolution 2: Re-election of Director: Brent Douglas King To consider and, if thought fit, pass the following ordinary resolution: “That Brent Douglas King, who retires at the Annual Meeting and is eligible for reelection, be elected as a director of the Company.” 19
Slide 20: 1.5 General Business and Shareholder Discussion
1.5 General Business and Shareholder Discussion To consider any other matters that may be brought properly before the Meeting. 20
Slide 21: Thank you for attending General Capital Limited's Annual Shareholder Meeting
Thank you for attending General Capital Limited’s Annual Shareholder Meeting 21 21