Wam Income Maximiser Limited · ASX:WMX
Wam Income Maximiser — Century Australia Investments — Investor Presentation (May 2017)
15 slides from Wam Income Maximiser's investor presentation, May 2017
Slide 1: Century Australia May 2017
Wilson Asset Management Century Australia May 2017
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management). This presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context.
Slide 3: About us
About us Independent boutique fund manager – Four LICs and over $2 billion in shareholder capital for 45,000 retail shareholders – Seven investment professionals with combined investment experience of almost 100 years – Proven investment approach – Committed to philanthropic initiatives, including W
Slide 4: Our team
Our team Geoff Wilson Kate Thorley Chris Stott Matthew Haupt Chairman Chief Executive Officer Chief Investment Officer Portfolio Manager & Portfolio Manager & Portfolio Manager Martin Hickson Tobias Yao John Ayoub Oscar Oberg Head of Trading Senior Equity Analyst Senior Equity Analyst Senior Equity
Slide 5: Raising up to $75 million at NTA
Raising up to $75 million at NTA – Open to new investors and two $20 million priority allocations to existing CYA shareholders and WAM Capital, WAM Leaders, WAM Research and WAM Active shareholders – Diversified exposure to a portfolio of listed companies focused on the S&P/ASX 300 Index – No diluti
Slide 6: Issue price
Issue price – Net tangible assets (NTA) excluding deferred taxes, adjusted for offer costs – Calculated based on NTA as at close of business Wednesday, 24 May 2017 CYA currently expects to announce the issue price on Thursday, 1 June 2017. Page 6
Slide 7: Wilson Asset Management listed investment companies
Wilson Asset Management listed investment companies Gross assets* $1,201.5m $452.4m $234.8m $39.9m $80.1m Share price** $2.44 $1.13 $1.52 $1.16 0.98c Pre tax NTA* $1.92 $1.13^ $1.23 $1.08 0.98c Premium/ (discount) to NTA** 26.9% 0.0% 23.3% 7.8% 0.0% Annualised dividend 6.1% 1.8% 5.9% 4.7% 3.3% yield
Slide 8: Wilson Asset Management investment universe
Wilson Asset Management investment universe – Century Australia Investments Limited (ASX: CYA): ASX listed top 300 companies – research, market and investment-driven processes – WAM Leaders Limited (ASX: WLE): ASX top 200 listed companies – research and market-driven processes – WAM Capital Limited
Slide 9: How we will invest
How we will invest – Research-driven process: identifying undervalued growth companies – Market-driven process: exploiting short-term market mispricing opportunities – Investment-driven process: medium to long-term valuation-based investments – Flexibility to hold cash if investment opportunities ar
Slide 10: Investment idea generation process
Wilson Asset Management Research-driven investment idea generation Conduct detailed research and meetings with company management, industry and analysts Undertake qualitative and quantitative analysis Rate stock using proprietary rating process Identify catalyst INVESTMENT UNIVERSE Investment-criven
Slide 11: Investment objectives
Investment objectives – Deliver a stream of fully franked dividends – Provide capital growth – Preserve capital Page 11
Slide 12: Key Offer dates
Key Offer dates Lodgement of Prospectus 19 April 2017 Offer opens 19 April 2017 Broker firm bids due 12 May 2017 Closing date 19 May 2017 Pricing determined 24 May 2017 Expected date of settlement 1 June 2017 Expected date of allotment 2 June 2017 Expected date new shares commence trading on the ASX
Slide 13: How to invest
How to invest Century Australia Contact Telephone Email Joint Lead Managers Taylor Collison Hamish Nairn, Director (08) 8217 3908 hnairn@taylorcollison.com.au Philip Lee, Executive Director, Morgans Financial (07) 3334 4864 philip.lee@morgans.com.au Corporate Advisory Co Managers Macquarie Equities
Slide 14: Investor communication – visit our website to subscribe
Investor communication – visit our website to subscribe Weekly emails Half yearly Monthly NTA announcement Half & full year including market national investor & investment update financial results updates presentations Websites Media Industry Independent wilsonassetmanagement.com.au conferences rese
Slide 15: Get in touch
Get in touch info@wilsonassetmanagement.com.au Telephone. +61 2 9247 6755 Level 11, 139 Macquarie Street Sydney NSW 2000 GPO Box 4658, Sydney NSW 2001
Century Australia Investments — Investor Presentation (May 2017) on 6ix