Thorney Opportunities Ltd. · ASX:TOP
Thorney Opportunities — H1 2022 Earnings Presentation
12 slides from Thorney Opportunities's earnings presentation, Feb 21, 2022
Slide 1: Thorney Opportunities Ltd 1H22 Results
For personal use only THORNEY OPPORTUNITIES LTD 1H22 Results February 2022
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation has been prepared by Thorney Opportunities Ltd “TOP” and does not constitute or form Neither TOP nor any other person accepts any liability and TOP, its related bodies corporate and their part of, and should not be construed as, an offer, solicitati
Slide 3: About TOP
For personal use only ABOUT TOP Thorney Opportunities Ltd (TOP) is an ASX-listed investment company that invests in listed and unlisted equities and financial assets, in a variety of sectors, including media, automotive, energy, engineering and mining services and financial services. Our primary foc
Slide 4: Investment Objectives
For personal use only INVESTMENT OBJECTIVES 01 02 Producing absolute Delivering a strong returns for shareholders fully franked over the medium- to dividend stream to long-term shareholders Thorney Opportunities Ltd: 1H22 Results | February 2022 4
Slide 5: Our Investment Philosophy
For personal use only OUR INVESTMENT PHILOSOPHY We undertake thorough due diligence to identify fundamentally mispriced or undervalued companies and combine that with constructive advocacy with boards and management to implement change when required. Thorney Opportunities Ltd: 1H22 Results | Februar
Slide 6: Key 1H FY22 Highlights
KEY 1H FY22 HIGHLIGHTS Net profit after tax for the half year $6.9m For personal use only Fully franked interim dividend per share 1.00 cent Up 25.0% on 1H21 NTA per share (before tax) 75.3 cents Up 3.0% on 1H21 NTA per share (after tax) 72.6 cents Up 3.1% on 1H21 Total shareholder return incl. fina
Slide 7: Market Performance
For personal use only MARKET PERFORMANCE TOP NTA V S&P SMALL ORDINARIES ACCUM. INDEX TOP NTA V S&P/ASX 200 ACCUM. INDEX 12 MONTHS TO 31 DECEMBER 2021 12 MONTHS TO 31 DECEMBER 2021 76.0 11500 76.0 88000 86000 74.0 74.0 11000 84000 72.0 72.0 82000 10500 80000 70.0 70.0 78000 10000 76000 68.0 68.0 7400
Slide 8: Portfolio Performance (1/2)
For personal use only PORTFOLIO PERFORMANCE (1/2) During the half, TOP grew its NTA by 3.1% and NTA growth continued in January and February. Including the final dividend paid in September 2021, total returns for shareholders were 4.7%. TOP’s second largest holding Money3 Corporation Ltd. (ASX:MNY)
Slide 9: Portfolio Performance (2/2)
For personal use only PORTFOLIO PERFORMANCE (2/2) Portfolio exposure to the infrastructure and resource services sector was underlined during the half year, with strong performances from key portfolio holdings Austin Engineering Ltd (ASX:ANG) and MMA Offshore Ltd (ASX:MRM). Other positive portfolio
Slide 10: TOP Investments as at Dec 2021
For personal use only TOP 10 INVESTMENTS AS AT 31 DEC 2021 RANK COMPANY % OF PORTFOLIO 1 20 Cashews Pty Ltd (ACM)* 22.15 2 Money3 Corporation 18.18 3 MMA Offshore 7.37 4 Austin Engineering 7.34 5 AMA Group 6.46 6 Southern Cross Electrical Engineering 5.99 7 Consolidated Operations Group 4.58 8 Decmi
Slide 11: Outlook
OUTLOOK For personal use only We remain excited about ACM and the next phase of transformation and the future growth opportunities which exist for the company. TOP remains optimistic about its second largest portfolio holding, Money3 Corporation (ASX:MNY) as it continues to pursue growth in its loan
Slide 12: Contact
For personal use only CONTACT Corporate Investors Craig Smith, Company Secretary Gabriella Hold, Market Eye E: craig.smith@thorney.com.au E: gabriella.hold@marketeye.com.au T: + 61 3 9921 7116 T: + 61 411 364 382 Thorney Opportunities Ltd: 1H22 Results | February 2022 12
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