Associate Global Partners Limited · ASX:APL
Associate Global Partners — WCM Global Growth — Investor Presentation (February 2026)
28 slides from Associate Global Partners's investor presentation, Feb 19, 2026
Slide 1: WCM Global Growth Limited: Share Placement and Entitlement Offer
WCM Global Growth Limited ASX code: WQG Share Placement and Entitlement Offer Investor Presentation February 2026
Slide 2: Important information
Important information This document has been prepared by AGP International Management Pty Ltd (AGP International) ACN 617 319 123, AFSL no 237119 as the Investment Manager of WCM Global Growth Limited (ABN 69 617 281 268) (WQG). WCM Investment Management LLC (WCM) is the Investment Adviser to WQG. T
Slide 3: Disclaimer
Disclaimer This document has been prepared by AGP International Management Pty Ltd (AGP International) ACN 617 319 123, AFSL no 237119 as the Investment Manager and WCM Global Growth Limited (ABN 69 617 281 268) (WQG) in relation to a placement of shares to certain wholesale and sophisticated invest
Slide 4: Offer Overview
Offer Overview
Slide 5: Entitlement Offer and Share Placement Overview
Entitlement Offer and Share Placement Overview $1.75 • New capital raised will be invested in line with the existing investment strategy managed on behalf of WCM Global Growth Limited (WQG or the Company) for which WCM Investment Management, LLC serves as investment adviser. • Benefits from the capi
Slide 6: Key Dates
Key Dates Offer Bookbuild Completed How to participate in the Entitlement Offer 18 February 2026 Eligible shareholders may participate by completing and submitting their Entitlement and Acceptance Form (or online application) and making payment in full in accordance with the instructions set out in
Slide 7: About WCM Global Growth Limited (ASX:WQG)
About WCM Global Growth Limited (ASX:WQG)
Slide 8: Executive Summary
Executive Summary • Founded in 1976, WCM Investment Management, (WCM) is a California-based specialist active global and emerging markets asset management firm with over A$176.6 billion* in funds under management. • Associate Global Partners Limited (AGP) has an exclusive retail distribution arrange
Slide 9: Why Invest in WQG
Why Invest in WQG A differentiated global growth strategy aligned with long-term shareholder outcomes Proven World-Class Manager Fully Franked Income WCM has an outstanding long-term track record of global Access to a fully franked income stream, derived from a equity management. Its Quality Global
Slide 10: WCM Global Growth Investment Objectives
WCM Global Growth Investment Objectives The Company’s investment objectives are: Cumulative outperformance of WCM QGG strategy 1. To exceed the portfolio’s benchmark, being the WQG’s investment strategy is based upon WCM’s MSCI All Country World Index (ex-Australia) Quality Global Growth Strategy (Q
Slide 11: Long-Term Shareholder Value Creation
Long-Term Shareholder Value Creation The long-term performance of the Company’s investment portfolio remains strong As at 31 January 2026, the total portfolio value of a $10,000 investment in the Company’s initial public offer in June 2017 had grown to $36,040 as shown in the chart below. $40,000 $3
Slide 12: Outperformance Across Market Cycles
Outperformance Across Market Cycles The WQG portfolio has delivered annualised returns in excess of the Benchmark over two, three, four and seven years, as well as since its inception. 25.52% 24.25% 20.24% 18.65% 17.36% 16.05% 14.62% 14.54% 14.05% 13.34% 13.42% 12.53% 9.92% 6.15% 1 Year 2 Years 3 Ye
Slide 13: Portfolio Composition & Allocation
Portfolio Composition & Allocation As at 31 January 2026, the following outlines the Top 10 holdings, sector breakdown and regional market allocation of the WQG Portfolio. Top 10 Holdings Sector Breakdown Regional Market Allocation Other Company Weight (%) Information Technology 25.43% Asia 3% AppLo
Slide 14: High-conviction core positions
High-conviction core positions Long-term compounders with durable growth and structural moats AppLovin XNAS AI-driven ad platform with data scale and network effects Siemens Energy XETR Mission-critical grid infrastructure Taiwan Semiconductor XTAI Process leadership and scale economics Saab XSTO De
Slide 15: Progressive Quarterly Dividend Policy
Progressive Quarterly Dividend Policy WQG’s progressive quarterly dividend policy enhances shareholder value • The Company’s progressive dividend policy is an important initiative to add The chart below shows the increasing dividend payments and expected1 shareholder value as it increases the amount
Slide 16: Long-Term Shareholder Value Creation
Long-Term Shareholder Value Creation Long-term compounding in NTA per share and share price since inception Long-term compounding through market cycles The WQG portfolio has delivered: • 16.05% p.a. annualised return after fees since inception* 13 • 2.71% p.a. outperformance vs MSCI ACWI (ex-Austral
Slide 17: Sustained Trading at a Premium to Post-tax NTA
Sustained Trading at a Premium to Post-tax NTA WQG has consistently traded at a premium to post-tax NTA during FY26 Weekly Premium/(Discount) to post-tax NTA 10% 5% - (5%) Discount Premium 14 Premium to post-tax NTA supported by relative outperformance, deeper trading liquidity, active capital manag
Slide 18: Active Capital Management to Enhance Shareholder Value
Active Capital Management to Enhance Shareholder Value The Board is focused on disciplined capital allocation and long-term shareholder value Balance Sheet Strength Dividend Reinvestment Plan Share Buy-back • Dividend reserves: $222 million1 • Dividend Reinvestment Plan active • 12.3 million shares
Slide 19: Investor & Adviser Engagement Framework
Investor & Adviser Engagement Framework Supporting market access, transparency and sustainable investor demand Direct Access Adviser Distribution and Investor Education and Promotion Communications Engagement • Direct investor marketing • Targeted adviser • Weekly and monthly • Manager roadshow and
Slide 20: About WCM Investment Management and the WCM Quality Global Growth Strategy
About WCM Investment Management and the WCM Quality Global Growth Strategy
Slide 21: A Proven World Class Investment Manager
A Proven World Class Investment Manager About WCM Investment Management A$176.6 billion Assets under management¹ 67 employee-owners 99 staff globally 27 years Average senior experience Global Equity specialist United States Headquarters: Laguna Beach, California 17 1 As at 31 December 2025. Source:
Slide 22: Global Equity Team
Global Equity Team Stable, highly experienced decision-making team Paul Black Mike Trigg Jon Tringale Sanjay Ayer Portfolio Manager & Co-CEO Portfolio Manager & Co-CEO Portfolio Manager & Analyst Portfolio Manager & Analyst WCM Tenure: 36 WCM Tenure: 19 WCM Tenure: 10 WCM Tenure: 18 Industry Tenure:
Slide 23: A unique take on timeless principles
A unique take on timeless principles Investment Philosophy MOATS CULTURE TAILWINDS FOCUSED VALUATION Durable Competitive People Drive Performance Structural Growth Themes High-Conviction Portfolio Discipline and Margin of Advantage Construction Safety • Focus on moat trajectory, • Culture as a sourc
Slide 24: Focused Investment Process
Focused Investment Process From Universe to Portfolio Initial Universe: All Global Growth Analysis Fundamental Analysis Portfolio Construction Equities Universe Screens WCM Growth Screens Business Review Portfolio Review • ≥ US $3.5 billion market • High / rising ROICs • Moat trajectory • Diversific
Slide 25: Capital Preservation & Downside Protection
Capital Preservation & Downside Protection Managing risk across market cycles Downside Capture Since Inception* Gross of Fees Downside Capture All Down Years Since Inception* Net of Fees “You win by not losing. The less you lose in difficult times the less you have to make up in good times. Over the
Slide 26: Explore WCM Thinking
Explore WCM Thinking Insights from a world-class global equity manager Gratitude, Fund and Growth Stocks The Discipline of Getting Better at WCM 17+ Years of Outperformance Global Markets Outlook 2026 22
Slide 27: Key Risks Summary
Key Risks Summary Set out below are important factors and risks that could affect the financial and operating performance of the Company. You should consider these risks in light of your personal circumstances, including financial and taxation issues, before making a decision. Investment Management
Slide 28: Contact Details
Contact Details If you have any questions about the Entitlement Offer, please contact the AGP team at: Marty Switzer CEO and Managing Director marty.switzer@associateglobal.com 0407 297 702 Nicole Aubrey Head of Distribution naubrey@associateglobal.com 0421 596 524 Investor Relations invest@associat
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