Icg Enterprise Trust Plc Gbp · LSE:ICGT
Icg Enterprise Trust Plc Gbp — ICG Enterprise Trust — Q1 FY25 Earnings Presentation
13 slides from Icg Enterprise Trust Plc Gbp's earnings presentation, Jun 26, 2024
Slide 1: Trading update for the period ended 30 April 2024
Trading update for the period ended 30 April 2024 26 JUNE 2024 For professional investors only. Not for onward distribution Note: All data as at 30 April 2024 unless specified PRIVATE AND CONFIDENTIAL
Slide 2: Portfolio Manager perspectives
Portfolio Manager perspectives • Benefit of our clear investment strategy focused on defensive growth evident in this market • Portfolio up 1.3% on Sterling basis • We continue to expect a measured increase in transaction volumes in the coming quarters Source: ICG Enterprise Trust, as at 30 April 20
Slide 3: Q1 in review
Q1 in review PERFORMANCE OF OUR INVESTMENT STRATEGY RETURNS TO SHAREHOLDERS Portfolio Total Return Capital Return 1.3% NAV per Share 0.5% 1,925p Share Price Total Return Dividend per share1 Share buybacks NAV per Share Total Return (0.8)% 8.5p £7m 1.2% Portfolio Return on a Portfolio Return on a Loc
Slide 4: Portfolio activity overview
Portfolio activity overview Primary Direct Secondary Total ICG-managed Portfolio Return on a Local Currency Basis 1.1% 1.0% (2.0)% 0.5% (1.1)% Portfolio Return on a Sterling Basis 1.8% 1.9% (0.9)% 1.3% (0.3)% New Investments £31m £1m - £32m - Proceeds £13m £1m £16m £29m £19m New Fund Commitments £28
Slide 5: Secondary investment case study
Secondary investment case study Multiversity ~£3M High quality asset #1 market position (~57% online market share, 3x next largest competitor) RE-INVESTMENT IN 2024 Rolling proceeds from our 2019 Primary exposure (via CVC Fund VII) into a continuation vehicle, investing alongside CVC and ICG Strateg
Slide 6: Portfolio composition today
Portfolio composition today ASSESSING OUR PORTFOLIO AGAINST OUR MEDIUM-TERM TARGETS Medium-term target Five-year average Q1 FY25 1. Target Portfolio composition 1 Investment category Primary ~50% 59% 55% Direct ~25% 27% 29% Secondary ~25% 14% 16% Geography North America ~50% 40% 45% Europe (inc. UK)
Slide 7: Shareholder distributions
Shareholder distributions TOTAL SHAREHOLDER DISTRIBUTIONS (DIVIDENDS + BUYBACKS) FY25 (to date) £35m1 buybacks of £17m already exceeds full FY24 £21m £22m buybacks of £13m £18m (3) Opportunistic buyback £17m £17m2 (2) Long-term buyback (1) Dividends FY20 FY21 FY22 FY23 FY24 FY25 (to date) 3 4 PROGRE
Slide 8: Track record of delivering for shareholders
Track record of delivering for shareholders LTM RETURNS L3Y (ANNUALISED) L5Y (ANNUALISED) Portfolio Return1 +4.8% +14.6% +16.2% NAV per Share2 +4.3% +13.0% +14.5% 1 Portfolio Return on a Local Currency Basis 2 NAV per Share on a Total Return basis Source: ICG Enterprise Trust, as at 30 April 2024 Pa
Slide 9: Q&A
Q&A For follow-up questions after the event, please email: icg-enterprise@icgam.com PRIVATE AND CONFIDENTIAL
Slide 10: Appendix
Appendix PRIVATE AND CONFIDENTIAL
Slide 11: Liquidity
Liquidity • Total available liquidity of £169m • Net debt of £36m • £434m of Undrawn Commitments within investment period, and a further £118m of commitments to funds that are outside of their investment period Source: ICG Enterprise Trust, as at 30 April 2024 Past performance is not a reliable indi
Slide 12: Performance figures
Performance figures Performance for 12 months ending: 30 April 2024 30 April 2023 30 April 2022 30 April 2021 30 April 2020 NAV per Share Total Return 1.2% 8.3% 27.9% 29.8% 5.0% Share Price Total Return (0.8)% (2.2)% 5.2% 51.4% (14.3)% FTSE All-Share Index Total Return 7.5% 6.0% 8.7% 25.9% (16.7)% S
Slide 13: Legal notice
Legal notice What this document is for This document has been prepared by ICG Alternative Investment Limited (“ICG AIL”) as manager of ICG Enterprise Trust plc (“ICG Enterprise”). The information and any views contained in this document are provided for general information only. It is not intended t