NAOS Emerging Opportunities Co. Ltd. · ASX:NCC
NAOS Emerging Opportunities — Q2 FY2017 Earnings Presentation
24 slides from NAOS Emerging Opportunities's earnings presentation, Feb 2, 2017
Slide 1: Quarterly Investor Briefing 2nd Quarter FY-2017
For personal use only QUARTERLY INVESTOR BRIEFING 2ND QUARTER FY-2017 NAOS Emerging Opportunities Company Limited (ASX: NCC)
Slide 2: Call Details
CALL DETAILS For personal use only 1. Date Thursday 2 February 2016 2. Time 11:30am AEDT 3. Telephone Within Australia: 1800 857 029 Outside Australia: +61 3 8687 0635 New Zealand: 0800 449 288 4. Guest Access Code 1084 2873# 5. Questions Please email all questions to enquiries@naos.com.au prior to
Slide 3: Agenda
AGENDA For personal use only 1. NCC Q2 FY17 REVIEW • Performance & Risk Summary • Stock Contribution (Since Inception) • Return Profile, Positive v Negative Return Months • Capital Analysis • Dividend Profile • Director/Shareholder Alignment • Historical Net Equity & Cash Exposure • Industry/Sector
Slide 4: 1. NCC Review
For personal use only 1. NCC Review Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 4
Slide 5: NCC: Performance & Portfolio Characteristics Summary
NCC: PERFORMANCE & PORTFOLIO CHARACTERISTICS SUMMARY AS AT 31 DECEMBER 2016 For personal use only 2 Year 3 Year Inception Inception 3 Month 6 Months 1 Year (% p.a.) (% p.a.) (% p.a.) (% Nom.) NCC Investment Portfolio Performance* +0.97% +16.60% +36.50% +19.71% +18.54% +22.01% +114.81% S&P/ASX Small
Slide 6: NCC: Positive Stock Contribution Summary (Since Inception)
NCC: POSITIVE STOCK CONTRIBUTION SUMMARY (SINCE INCEPTION) AS AT 31 DECEMBER 2016 For personal use only Positive Stock Contribution Analysis (Contribution is what has attributed to NCC’s performance since inception) (1 March 2013 to 31 December 2016) The table below lists the top positive contributo
Slide 7: NCC: Return Profile, Positive v Negative Months
NCC: RETURN PROFILE, POSITIVE V NEGATIVE MONTHS AS AT 31 DECEMBER 2016 For personal use only 11.00% 9.00% 7.00% 5.00% 3.00% 1.00% -1.00% -3.00% -5.00% Gross Return Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 7
Slide 8: NCC Capital Analysis
NCC CAPITAL ANALYSIS: AS AT 31 DECEMBER 2016 For personal use only NTA Analysis Pre Tax - $1.39 Post Tax Pre Unrealised Gains Tax – $1.40 Post Tax - $1.27 Share Price $1.35 Discount to NTA (Pre-Tax) -2.88% Fully Franked Dividend Yield 5.00% Gross Dividend Yield 7.14% Shares on Issue 47,203,039 Direc
Slide 9: NCC: Historical Fully Franked Dividend Profile
NCC: HISTORICAL FULLY FRANKED DIVIDEND PROFILE AS AT 31 DECEMBER 2016 For personal use only $0.0800 $0.0675 $0.0700 $0.0625 $0.0575 $0.0600 $0.0500 $0.0400 $0.0250 $0.0300 $0.0200 $0.0100 $0.0000 FY-2013 FY-2014 FY-2015 FY-2016 Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Li
Slide 10: NCC: Directors Increasing Alignment with Shareholders Since IPO
NCC: DIRECTORS INCREASING ALIGNMENT WITH SHAREHOLDERS SINCE IPO AS AT 31 DECEMBER 2016 For personal use only 1,958,246 2,000,000 1,800,000 1,543,000 1,600,000 1,400,000 1,074,019 1,200,000 1,000,000 800,000 627,881 600,000 200,000 283,829 400,000 200,000 0 David Rickards Sebastian Evans Warwick Evan
Slide 11: NCC: Portfolio Structure Historical Net Equity and Cash Weightings
For personal use only 20% 40% 60% 80% 100% 120% 0% -40% -20% Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 AS AT 31 DECEMBER 2016 Net Equity Weighting Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Conviction Long Term Investing | C
Slide 12: NCC: Portfolio Structure Allocation by Industry/Sector (Net)
NCC: PORTFOLIO STRUCTURE ALLOCATION BY INDUSTRY/SECTOR (NET) AS AT 31 DECEMBER 2016 For personal use only 0.20% Consumer Durables & Apparel 0.75% Healthcare 2.21% Materials 2.44% Food & Beverage 5.55% Transport 13.94% Media 14.00% Telecommunications 27.02% Diversified Financials 34.89% Consumer Serv
Slide 13: NCC: Company Meetings
NCC: COMPANY MEETINGS For personal use only The NAOS investment philosophy is based around the belief that for a company to succeed and generate strong returns for shareholders it must be led by a motivated, proven and experienced management team. NAOS Investment Team has direct contact with many li
Slide 14: 2. Market Outlook
For personal use only 2. Market Outlook Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 14
Slide 15: Market Outlook: Focus for 3Q FY2017
MARKET OUTLOOK: FOCUS FOR 3Q FY2017 For personal use only Domestic Focus ASX-300 Fundamentals • 1HFY17 Reporting Season Expectations FY17 P/E – 17.60 Times • Rotation From Growth to Cyclicals • Resource Stocks Valuations vs. Commodity Prices FY17 EPS Growth – 8.60% • Retail Sector Downgrades FY17 Re
Slide 16: Market Outlook: ASX-300 Relative Industry Performance
MARKET OUTLOOK: ASX-300 RELATIVE INDUSTRY PERFORMANCE For personal use only Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 16
Slide 17: Market Outlook: Relative 1-Year Performance of Certain Resource Companies
MARKET OUTLOOK: RELATIVE 1-YEAR PERFORMANCE OF CERTAIN RESOURCE COMPANIES For personal use only Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 17
Slide 18: Market Outlook: Relative 1-Year Performance of Commodity Prices
MARKET OUTLOOK: RELATIVE 1-YEAR PERFORMANCE OF COMMODITY PRICES For personal use only Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 18
Slide 19: Market Outlook: NAOS Investment Philosophy
MARKET OUTLOOK: NAOS INVESTMENT PHILOSOPHY For personal use only Companies valued based on todays flat earnings profile but not tomorrows growing earnings Proven base. management Existing revenue teams with strong streams. shareholder alignment. Focus on Ability to drive Balance sheet flexibility. t
Slide 20: 3. Keeping Up to Date
For personal use only 3. Keeping Up to Date Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 20
Slide 21: NAOS Asset Management 2017 Investor Roadshows
NAOS ASSET MANAGEMENT 2017 INVESTOR ROADSHOWS For personal use only Conviction Long Term Investing | Copyright 2017 NAOS Asset Management Limited 21
Slide 22: Investor Awareness and Communications
INVESTOR AWARENESS AND COMMUNICATIONS For personal use only CEO Insights, Weekly NAOS Newsletter, subscribe via our website www.naos.com.au/#subscribeform Quarterly Shareholder Conference Calls, subscribe via our website www.naos.com.au/#subscribeform Monthly Investment Report & NTA email updates, s
Slide 23: The NAOS Team and Directors
THE NAOS TEAM AND DIRECTORS For personal use only Sebastian Evans Richard Preedy Chief Investment Officer/ Chief Financial & Operating Officer Managing Director Ben Rundle Julie Coventry Portfolio Manager Compliance Officer Sebastian Evans David Rickards Warwick Evans Director Independent Chairman D
Slide 24: Disclaimer
For personal use only Disclaimer This presentation has been prepared by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529, “NAML”). The purpose of this presentation is to provide information only; any other use other than informational purposes is disclaimed. The information provided is
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