Alpha Trust Andromeda Investment Trust Sa · ATHEX:ANDRO

Alpha Trust Andromeda Investment Trust Sa — Investor Presentation (September 2023)

20 slides from Alpha Trust Andromeda Investment Trust Sa's investor presentation, Sep 18, 2023

  1. Slide 1: Company Presentation

    Company Presentation September 18th, 2023 ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 1 Aristidou Street, 14564, Tel: +30 210 6289100, +30 210 6289200 AIFs OFFER NO GUARANTEED RETURN AND PA

  2. Slide 2: ALPHA TRUST Andromeda at a glance

    ALPHA TRUST Andromeda at a glance Key Facts (31/08/2023) The only closed-end fund listed on the Athens Stock Exchange € 30.83 m € 8.72 NAV Nav Per Share Seeks to invest in fundamentally sound assets in the domestic equity and fixed € 25.45 m € 7.2 income markets with a medium to long term Market Cap

  3. Slide 3: Emphasis on mid and small capitalization companies

    Emphasis on mid and small capitalization companies Breakdown by market capitalization ASE ALPHA TRUST ANDROMEDA Attractive 100,00% valuations in Limited equity the mid and research 81.10% small cap coverage 80,00% sphere 60,00% 44.72% Higher Lower probability to 40,00% generate 31.00% liquidity alph

  4. Slide 4: Fund Facts

    Fund Facts Asset Class Breakdown Portfolio Breakdown by Industry Top 10 Holdings % of Portfolio QUEST HOLDINGS SA 6.00% TITAN CEMENT INTERNATIONAL 5.69% ATH VIOHALCO SA/NV (CB) 5.17% HELLENIC TELECOMMUN 5.00% ORGANIZA PIRAEUS FINANCIAL HOLDINGS 4.70% PETROS PETROPOULOS SA 4.16% PPC SA 3.26% Equity 8

  5. Slide 5: Portfolio Metrics

    Portfolio Metrics Valuation metrics Risk facts ALPHA TRUST ATHEX Composite Correlation ANDROMEDA Index to Andromeda P/E 2022 10.2 8.0 ALPHA TRUST-ANDROMEDA (CR) ATHEX Total Return Index 38.83% P/E 2023E 9.4 8.1 ATHEX Select Index 24.99% P/SALES 0.60 0.70 ATHEX Select Plus Index 36.06% P/BV 1.21 1.21

  6. Slide 6: NAV is enjoying lower volatility compared to its benchmark

    NAV is enjoying lower volatility compared to its benchmark NAV Performance ALPHA TRUST-ANDROMEDA Athex Composite Total Return Index Best year 25.1% 53.6% Worst year -14.6% -28.3% Number of positive years 6 6 Number of negative years 4 4 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT G

  7. Slide 7: Ownership and Ownership Change

    Ownership and Ownership Change 31/8/2022 31/8/2023 Institutional Investors 71,28% Institutional Investors 64,79% Retail Investors 27,10% Retail Investors 31,08% Own Shares 1,62% Own Shares 4,13% Free Float: 57.83% Source: ALPHA TRUST-ANDROMEDA

  8. Slide 8: Statement of Income S1 2023

    Statement of Income S1 2023 Net Profit after Tax 7.000.000 € Net profit after tax 6.029.832 € 6.029.032 mn 6.000.000 € 5.000.000 € 4.000.000 € 3.000.000 € Earnings per share € 1,7532 2.000.000 € 1.000.000 € 0€ S1 2023 S1 2022 -1.000.000 € -2.000.000 € -3.000.000 € -2.979.644 -4.000.000 € The accompa

  9. Slide 9: Statement of Income

    Statement of Income Continuing operations S1 2023 (€) S1 2022 (€) Gross portfolio management income 7.821.102,52 -2.641.055,25 Portfolio management cost -1.539.056,49 -152.747,38 Gross Profit (gross losses) 6.282.046,03 -2.793.802,63 Other income - expenses 417,80 227,14 Administrative expenses -195

  10. Slide 10: ALPHA TRUST - Andromeda's unique proposition

    ALPHA TRUST - Andromeda’s unique proposition Outperforming the ASE Commitment to high Unjustified stock Composite Index in the long run dividend payout discount Investment management Preference for high team is together for years conviction trades

  11. Slide 11: Consistent outperformance since inception (cont.)

    Consistent outperformance since inception (cont.) Since inception the fund has delivered an excess return of 6.08% (p.a.) 250% 243,31% 200% 150% 129,19% 100% 50% 0% -50% 10/11 10/12 10/13 10/14 10/15 09/16 09/17 09/18 09/19 09/20 09/21 08/22 08/23 NAV Per Share Athex Composite Total Return Index AIF

  12. Slide 12: Consistent outperformance since inception (2)

    Consistent outperformance since inception (2) NAV per Share ATHEX COMPOSITE INDEX TOTAL RETURN 243,31% 200% 164.70% 100% 122.96% 109.07% 106.48% 129.19% 84.56% 83.37% 105.67% 82.09% 70.73% 44.57% 57.85% 28.13% 34.11% 0% -33,99% -100% YTD 1 Year 3 Years 5 Years 10 Years Since Capital Since Investment

  13. Slide 13: Performance since latest Share Capital Increase (08/2022)

    Performance since latest Share Capital Increase (08/2022) SCI Note 2 Performance update Note 1 (05/08/2022) NAV Per Share 34.17% Share Price (Total Return*) 17.52% ATHEX Composite Total 59.28% Return Index AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE *Includ

  14. Slide 14: Dividend yield Comparison

    Dividend yield Comparison ALPHA TRUST-ANDROMEDA(CR) ATHEX COMPOSITE SHARE PRICE INDEX 9,20% 7,39% 6,00% 4,62% 3,38% 3,60% 3,24% 3,08% 2,52% 2,79% 1,92% 2,09% 2,05% 1,79% 0,96% 0,00% 0,00% 0,00% 2014 2015 2016 2017 2018 2019 2020 2021 2022 Note: Dividends and capital returns are included Source: Bloo

  15. Slide 15: Unjustified stock discount

    Unjustified stock discount Discount Average Discount per year 10% 0% -10% -14.77% -20% -30% -40% -50% 08/13 04/15 12/16 08/18 04/20 12/21 08/23 Source: Refinitiv, ALPHA TRUST Data: 31/08/2023

  16. Slide 16: Management Commitments

    Management Commitments Improve stock Reduce discount Aim at a high liquidity dividend payout Focus on portfolio Keep outperforming ESG issues in the long run

  17. Slide 17: Board of Directors

    Board of Directors Chairman, Non Executive Member Margarita Vlachochristou Vice Chairman, Non Executive Member Phaedon – Theodore Tamvakakis Managing Director, Executive Member Vasileios Kletsas Eleni Linardou Independent, Non Executive Members Alexios Soultogiannis Note: The BoD’s term of office is

  18. Slide 18: Shareholders Service Unit – Corporate Announcements Unit

    Share Codes Communication with Shareholders and Investors ISIN: GRS433003019 Ms. Maria Marina Printsiou OASIS (ASE): ANDRO Corporate Secretary & Investor Relations BLOOMBERG: ANDRO GA Shareholders Service Unit – Corporate Announcements Unit REUTERS RIC: ANDr.AT

  19. Slide 19: Disclaimer

    DISCLAIMER: This presentation (the “Presentation”) contains general background information about the ALPHATRUST-ANDROMEDA Investment Trust SA (the “Company”) and are provided solely for use in the context of the Presentation. The information included in the Presentation (the “Materials”) is summariz

  20. Slide 20: Company Presentation

    Company Presentation September 18th 2022 ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 7 T. Kavalieratou Street, 14564, Tel: +30 210 6289100, +30 210 6289200 www.andromeda.eu info@andromeda.e

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