NAOS Emerging Opportunities Co. Ltd. · ASX:NCC
NAOS Emerging Opportunities — Q2 FY2016 Earnings Presentation
18 slides from NAOS Emerging Opportunities's earnings presentation, Jan 28, 2016
Slide 1: Quarterly Investor Briefing 2nd Quarter FY-2016
For personal use only QUARTERLY INVESTOR BRIEFING 2 ND QUARTER FY-2016 NAOS Emerging Opportunities Company (ASX:NCC)
Slide 2: Call Details
CALL DETAILS For personal use only 1. Date Thursday 28th January 2016 2. Time 11.00am AEDST 3. Telephone 1800 857 029 4. Guest Access Code 10842873# 5. Questions Please email all questions to enquiries@naos.com.au prior to the allotted call time Conviction Long Short Investing | Copyright 2016 NAOS
Slide 3: Agenda
AGENDA For personal use only 1. NCC Review • Key Objectives • Capital Structure • Capital Analysis • Dividend Profile • Performance & Risk Summary • Positive Stock Attribution • Historical Net Equity & Cash Exposure • Industry/Sector Exposure • Sample Company Meetings 2. Market Commentary • Australi
Slide 4: 1. NCC Review
For personal use only 1. NCC Review Conviction Long Short Investing | Copyright 2016 NAOS Asset Management Limited 4
Slide 5: Key Objectives/Features: NAOS Emerging Opportunities Company
KEY OBJECTIVES/FEATURES: NAOS EMERGING OPPORTUNITIES COMPANY (NCC) For personal use only NCC ‘Top 5’ GENUINE EXPOSURE TO QUALITY EMERGING COMPANIES NO LIQUIDITY CONSTRAINT'S DUE TO CLOSED END FUND STRUCTURE SIGNIFICANT MANAGEMENT AND SHAREHOLDER ALIGNMENT SOFT CLOSE FUND SIZE AT $100M TO MAXIMISE PO
Slide 6: Capital Structure
CAPITAL STRUCTURE AS AT 31 ST DECEMBER 2015 For personal use only SHARES ON ISSUE NTA Analysis Pre Tax - $1.11 Pre Tax Pre Unrealised Gains Tax – $1.12 Post Tax - $1.09 Share Price $0.975 Discount to NTA ~12% Fully Franked Dividend Yield 6.15% Gross Dividend Yield 8.79% Shares on Issues 46,918,297 D
Slide 7: Capital Analysis
CAPITAL ANALYSIS AS AT 31 ST DECEMBER 2015 For personal use only NTA (Net of Fees & Expenses, Pre Tax, Reinvested Dividends) Small Ordinaries Accumulation Index (XSOAI) NCC Shareprice, NCCO Option Value, Reinvested Dividends (Excluding Franking Credits)* $1.80 $1.60 $1.42 $1.40 $1.26 $1.20 $1.00 $1.
Slide 8: Dividend Profile
DIVIDEND PROFILE AS AT 31 ST DECEMBER 2015 For personal use only $0.08 $0.07 $0.0625 $0.0575 $0.06 $0.05 $0.04 $0.03 $0.0250 $0.02 $0.01 $0.00 FY2013 FY2014 FY2015 Conviction Long Short Investing | Copyright 2016 NAOS Asset Management Limited 8
Slide 9: NCC: Performance & Risk Metrics Summary
NCC: PERFORMANCE & RISK METRICS SUMMARY AS AT 31 ST DECEMBER 2015 For personal use only 2 Year Inception Inception 1 Month 3 Months 6 Months 1 Year (% p.a.) (% p.a.) (% Nom.) NCC Investment Portfolio +4.56% +9.64% +6.58% +5.41% +10.68% +17.45% +57.94% Performance* S&P/ASX Small Ordinaries Accumulati
Slide 10: NCC: Positive Stock Attribution Summary (Since Inception)
NCC: POSITIVE STOCK ATTRIBUTION SUMMARY (SINCE INCEPTION) AS AT 31 ST DECEMBER 2015 For personal use only Contribution to Return Contribution to Return Investment Investment (% NAV) (% NAV) Calliden Group Limited +11.53% Tamawood Limited +6.42% Capitol Health Limited +11.21% Village Roadshow Limited
Slide 11: NCC: Portfolio Structure Historical Net Equity and Cash Weightings
NCC: PORTFOLIO STRUCTURE HISTORICAL NET EQUITY AND CASH WEIGHTINGS AS AT 30 TH SEPTEMBER 2015 For personal use only Net Equity Weighting Cash and Cash Equivalents Weighting Short Exposure 120% 100% 99.43% 80% 60% 40% 20% 0.57% 0% 0.00% -20% -40% Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-1
Slide 12: NCC: Portfolio Structure Allocation by Industry/Sector (Net)
NCC: PORTFOLIO STRUCTURE ALLOCATION BY INDUSTRY/SECTOR (NET) AS AT 31 ST DECEMBER 2015 For personal use only 20.86% Diversified Financials 19.72% Media 15.92% Commercial Services 15.27% Transport 15.20% Telecommunications 10.24% Consumer Services 2.22% Resources 0.57% Cash and Cash Equivalents 0% 10
Slide 13: Company Meetings
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 listed
Slide 14: 2. Market Outlook/Commentary
For personal use only 2. Market Outlook/ Commentary Conviction Long Short Investing | Copyright 2016 NAOS Asset Management Limited 14
Slide 15: Market Outlook/Commentary
MARKET OUTLOOK/COMMENTARY For personal use only Australian Equity Market Domestic equity markets performed strongly over the quarter, with the Australian Small Cap Index (XSOAI) Review returning ~11% and the All Ordinaries Index (XAOAI) returning ~7%. The out performance in the small cap end of the
Slide 16: 3. Keeping Up to Date
For personal use only 3. Keeping Up to Date Conviction Long Short Investing | Copyright 2016 NAOS Asset Management Limited 16
Slide 17: Keeping Up to Date – Shareholder Communication
KEEPING UP TO DATE – SHAREHOLDER COMMUNICATION For personal use only WEBSITE • The News and Media section of our website is updated regularly. The most recent information to be added to the site includes: News/Media Publication Month Float stocks the fund managers like AFR November Claire Payne Spea
Slide 18: Disclaimer
For personal use only Disclaimer This presentation has been prepared by NAOS Emerging Opportunities Company Ltd (ACN 161 106 510). The information in this presentation is only intended for Australian residents. The purpose of this presentation is to provide information only and the contents of the p
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