Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2024)
16 slides from Katana Capital's shareholder meeting presentation, Nov 13, 2024
Slide 1: Katana Capital Limited AGM Presentation November 2024
Katana Capital Limited For personal use only ASX CODE KAT AGM PRESENTATION NOVEMBER 2024 www.katanaasset.com
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided to each recipient on the following basis: For personal use only a. this presentation has been produced by Katana Asset Management (KAM). This presentation does not purport to contain any information that the recipient may require
Slide 3: Overview
Overview For personal use only Fund Performance Katana Profile Outlook www.katanaasset.com 3
Slide 4: Fund Performance Summary
Fund Performance Summary FY24 Performance For personal use only • Gross Investment Return of 9.21% vs Benchmark (All Ords Index) 8.27% • Modest out-performance of 0.94% on the back of 9.71% out-performance in 2023 In Context – 19 Year Performance vs Benchmark • Outperformed the benchmark in 15 out o
Slide 5: Fund Performance: Annual Investment Returns
Fund Performance Annual Investment Returns For personal use only Out- Performance Since Inception 1. Inception date Katana Capital January 2006. Returns quoted are gross investment returns for the fund. 2. Past performance is not necessarily indicative of future performance. Source: Katana Asset Man
Slide 6: Fund Performance: Dividends
Fund Performance Dividends Dividend History For personal use only • Paid dividends every year since listing • Quarterly dividends provide regular cash flow to yield conscious investors • Dividend Reinvestment Plan - company purchases shares on market so no dilution Future Dividends • The company has
Slide 7: Profile: Investment Staff
Katana Profile Investment Staff Manager – Skills and Experience For personal use only • 4 investment professionals • Combined direct investment experience of >75 years • Across 3 stock market cycles • Professional Qualifications - economics, business, accounting, investment analysis • Diverse Backgr
Slide 8: Profile: Philosophy
Katana Profile Philosophy Think independently but act in unison with the market, by combining the best precepts of the For personal use only 5 key investment disciplines: 1. Value Investing 2. Fundamental Analysis 3. Growth Investing 4. Technical Analysis 5. Market Experience and Observation • Overr
Slide 9: Profile: Fund Parameters
Katana Profile Fund Parameters Portfolio Overview Portfolio Parameters • 55-65 individual stock positions For personal use only • Long only • Average position size 1%–5%, with a pre-disposition • ASX listed securities towards holding a greater number of smaller positions • Benchmark ‘Unaware’ – i.e.
Slide 10: Capital Preservation
Capital Preservation Lower Risk Profile No Gearing No debt For personal use only No Derivatives No options, warrants, futures contracts or other derivatives Highly diverse Portfolio 55-65 stocks, only 3 stocks have exceeded 5% weighting in 17 years High cash weighting 5-15% through the cycle High Qu
Slide 11: Profile: Rigorous Investment Profile
Katana Profile Rigorous Investment Profile Every investment submission must cover off on set criteria in 4 categories across 11 topics. The total universe of assessable criteria is now in excess of 160 individual attributes. For personal use only Total rating Comparison based on 160+ against differe
Slide 12: Profile: Typical Portfolio - All-Opportunity
Katana Profile Typical portfolio – “All-Opportunity” Historical Characteristics: ~ 5 of the top 10 portfolio holdings in ASX50 Top 10 Investments (KAT) For personal use only Percentage of Portfolio Valuation as at 31/10/2024 2-3 of the top 10 portfolio holdings in ASX100 MINERAL RESOURCES LTD 4.5% 2
Slide 13: Market Positioning: Banks versus Resources
Market Positioning Banks versus Resources For personal use only www.katanaasset.com 13
Slide 14: Banks Trading at Highest Level on Record
Market Positioning Banks Trading at Highest Level on Record For personal use only www.katanaasset.com 14
Slide 15: PER Expansion not Earnings Growth
Market Positioning PER Expansion not Earnings Growth For personal use only www.katanaasset.com 15
Slide 16: Thank you
If you would like For personal use only more information Please email enquiries@katanaasset.com Thank you www.katanaasset.com