Alpha Trust Andromeda Investment Trust Sa · ATHEX:ANDRO
Alpha Trust Andromeda Investment Trust Sa — ATHEX Small Cap Conference 2024
23 slides from Alpha Trust Andromeda Investment Trust Sa's conference presentation, Nov 12, 2024
Slide 1: ATHEX Small Cap Conference
ATHEX Small Cap Conference 12th of November, 2024 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE
Slide 2: At a glance
alphatrust andromeda ata glance
Slide 3: Key Facts (31/10/2024)
Key Facts (31/10/2024) Key Facts (31/10/2024) € 29.65 mn € 8.17 The only closed-end fund listed on the Athens Stock Exchange NAV Nav Per Share € 23.22 mn € 6.40 Seeks to invest in fundamentally sound assets primarily in the Market Cap Share Price domestic equity market. Looking for potentially under
Slide 4: Ownership (as of 31/10/24)
Ownership (as of 31/10/24) Free Float: 56.16% 5,26% 31,09% Institutionals Retail 63,65% Treasury shares Source: ALPHA TRUST-ANDROMEDA
Slide 5: Why Alpha Trust Andromeda?
Why Alpha Trust Andromeda?
Slide 6: Attractive Mandate
1 Attractive Mandate
Slide 7: Attractive Mandate
Attractive Mandate Positive market prospects Hidden investment opportunities in the mid and small cap categories because of lack of research coverage Portfolio includes positions in less liquid securities capitalizing on less saturated segments with high growth potential Desire to explore the Privat
Slide 8: Emphasis on mid and small capitalization companies
Emphasis on mid and small capitalization companies Breakdown by market capitalization 100,00% 83,12% 80,00% ASE ALPHA TRUST ANDROMEDA 60,00% # of companies 22 25 94 in ASE 41,31% 40,00% 32,04% <1 bn and Market Cap >1 bn < 200 m >200m 18,90% 20,00% 12,52% 4,36% % of Market cap 83.1% 12.5% 4.3 % 0,00%
Slide 9: Fund Facts
Fund Facts Asset Class Breakdown Portfolio Breakdown by Industry Top 10 Holdings % of Portfolio TITAN CEMENT INTERNATIONAL 8.25% Industrial 18.16% METLEN ENERGY & METALS 5.53% Consumer, Cyclical 13.45% HELLENIC TELECOMMUN ORGANIZ 5.30% Financial 11.20% QUEST HOLDINGS 4.98% Technology 10.91% PETROS P
Slide 10: A Dividend Champion
2 A Dividend Champion
Slide 11: Dividend yield Comparison
Dividend yield Comparison 1. Andromeda’s dividend yield by far exceeded that of the market in the last 6 9.20% years and it is expected to exceed it in the current year 2. Andromeda’s dividend is net while ATHEX’s estimated dividend yield is gross 7.39% 7,50% 6,20% 6.00% 4.62% 4,00% 3.24% 3.60% 3.38
Slide 12: Andromeda's yield exceeded that of its peers
Andromeda’s yield exceeded that of its peers Source: Association of Investment Companies (AIC)
Slide 13: A solid candidate for a Greek Equity Portfolio due to
3 A solid candidate for a Greek Equity Portfolio due to
Slide 14: Long term outperformance
Long term outperformance Since inception 200,00% the fund has delivered a return of 4.18% 150,00% (p.a.) 143,01% 117,57% 100,00% 50,00% 50,98% 0,00% -50,00% Εσωτερική Αξία Ανδρομέδα Γενικός Δείκτης Τιμών Χ.Α. HELMSI -100,00% Source: ALPHA TRUST | Data: 2014-Oct 2024
Slide 15: A low-risk addition to a Greek equity portfolio
Low correlation with ASE indices ATHEX High ATHEX Total ATHEX Mid Andromeda Dividend Yield A low-risk Return Index Index Cap Index addition to a Std. Deviation 10,53% 14,50% 13,97% 14,40% Greek Correlation with Andro 52,68% 48,60% 42,66% equity Beta 0,38 0,37 0,31 portfolio R Square 27,8% 23,6% 18,2
Slide 16: NAV is enjoying lower volatility compared to the market as a whole
NAV is enjoying lower volatility compared to the market as a whole 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 8* 8* Number of negative years 4 4 AIFs OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE
Slide 17: Unjustified stock discount
4 Unjustified stock discount
Slide 18: Closed End Funds Discounts
Unjustified stock discount Closed End Funds Discounts AVERAGE AC TUAL MEDIAN European Smaller Companies -18% -16% All Smaller -18% -15% Companies All Equity -15% -13% Income Andromeda -20% Source: Association of Investment Companies (AIC)
Slide 19: Unjustified Stock discount
Unjustified Stock discount 10% Discount Average Discount Per Year Historically, in up 0% markets, Andromeda’s discount stands around -10% 12-14% -20% -21,82% -30% -40% -50% -60% Source: Refinitiv, ALPHA TRUST | Data: 31/10/2024
Slide 20: Experienced BoD
5 Experienced BoD
Slide 21: Each member of the Board has over 30 years experience in the financial sector
Each member of the Board has over 30 years experience in the financial sector and the capital markets Chairman, Independent, Margarita Vlachochristou Non Executive Member Vice Chairman, Phaedon – Theodore Tamvakakis Non Executive Member Managing Director, Vasileios Κletsas Executive Member Non Execu
Slide 22: Communication with Shareholders and Investors
Communication Communication with Shareholders and Investors Maria Marina Printsiou Corporate Secretary & Investor Relations Shareholders Service Unit – Corporate Announcements Email: m.printsiou@andromeda.eu Τ: 210 62 89 341
Slide 23: Thank you
Thank you 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 Aristeidou Street, 14561 Kifissia, Tel: +30 210 6289100, +30 210 6289341 www.andromeda.eu info@andromeda.eu @Alpha Trust Andromeda
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