WAM Capital Ltd. · ASX:WAM
WAM Capital — Investor Presentation (March 2013)
10 slides from WAM Capital's investor presentation, Mar 7, 2013
Slide 1: WAM Capital Limited (WAM) March 2013
WAM Capital Limited (WAM) March 2013 For personal use only
Slide 2: Executive summary
Executive summary For personal use only • Interim result: − Pre-tax profit $31.8 million − Interim dividend +9.1% to 6.0 cents fully franked − Ex dividend 17 April 2013 • Annualised FY2013 fully franked dividend yield of 7.0%* • Investment portfolio +25.9% for 12 months to 31 January 2013 outperform
Slide 3: WAM options in the money
WAM options in the money For personal use only Options • Options trade on the ASX under the code ‘WAMO’ • Exercise by 16 April 2013 to receive the fully franked 6.0 cent per share interim dividend • Exercise price: $1.60. WAM share price $1.72 • Expire 31 July 2013 • WAMO trading at $0.11 vs $0.12 t
Slide 4: Outperformance since inception
Outperformance since inception For personal use only 18.3% p.a. investment return over 13 years Index re‐based 900 WAM Portfolio 800 +48.7% above pre‐ GFC peak 700 600 500 400 300 Index ‐13.7% from pre‐GFC peak 200 100 ‐ WAM Capital Limited ‐ Investment Portfolio before all expenses, fees, taxes S&P
Slide 5: Dividend growth
Dividend growth For personal use only Average fully franked dividend yield of 10.8% on IPO price over 13 years Cumulative dividends Index re-based Current annualised return 7.0% 160 140 120 100 80 60 40 20 0 Ordinary fully franked dividend Special fully franked dividend Equal access share buy-back *
Slide 6: Top growth stocks as at February 2013
Top growth stocks as at 28 February 2013 For personal use only Research Driven Investments % of assets SKE Skilled Group Limited 2.1% MFG Magellan Financial Group Limited 1.9% AHE Automotive Holdings Group Limited 1.8% AMM Amcom Telecommunications Limited 1.6% CCV Cash Converters International 1.6%
Slide 7: Top Market Driven stocks as at February 2013
Top Market Driven stocks as at 28 February 2013 For personal use only Market Driven investments % of assets CYA Century Australia Investments Limited 1.8% HIL Hills Holdings Limited 1.8% IBC Ironbark Capital Limited 1.8% ELI Emerging Leaders Investments Limited 1.7% SVW Seven Group Holdings Limited
Slide 8: Market Outlook
Market Outlook For personal use only • First stage of bull market • Lower interest rate through 2013 • Corporate activity to increase late 2013 • Earnings growth to pick up in 2013/14 8
Slide 9: Questions
For personal use only Questions 9
Slide 10: Disclaimer
For personal use only Disclaimer This presentation has been prepared for use in conjunction with a verbal presentation and should be read in that context. Information for the graphs, charts and quoted indices contained in this presentation has been sourced from IRESS Market Technology, WAM Capital L