NGE Capital Ltd · ASX:NGE
NGE Capital — Shareholder Meeting (May 2019)
17 slides from NGE Capital's shareholder meeting presentation, May 31, 2019
Slide 1: NGE Capital Limited AGM investor presentation
For personal use only NGE Capital Limited (ASX:NGE) AGM investor presentation 31 May 2019
Slide 2: Disclaimer
Disclaimer For personal use only The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of NGE Capital Limited (NGE Capital) and or its various business activities. While management of NGE Capital have taken every effort to ens
Slide 3: Company snapshot
Company snapshot For personal use only NGE Capital Limited (NGE or Company) is a Listed Summary as at 30 April 2019 Investment Company (LIC) which allows investors to invest in a concentrated, high Ticker ASX:NGE conviction, actively managed portfolio of Share price $ 0.680 financial assets. Share
Slide 4: Performance
Performance For personal use only Growth in NTA per share Share price performance (2) Since inception (2) 2019 Since inception (1) (1) 2017 2018 2019 YTD (p.a.) (cum.) 2017 2018 YTD (p.a.) (cum.) 26.8% 21.4% 0.2% 18.4% 50.3% NGE 16.7% 27.5% 17.2% 25.9% 74.4% Note: Returns are before tax and net of a
Slide 5: A top performing LIC
A top performing LIC For personal use only NGE has been one of the best performing LICs on the ASX since inception (30 November 2016). Total portfolio return since inception – NGE (NTA per share before tax, net of all operating expenses) +50.3% $0.815 $0.807 $0.793 $0.765 $0.766 $0.629 $0.630 $0.6
Slide 6: Investment philosophy
Investment philosophy For personal use only Target investments that can generate strong returns with an adequate margin of safety • Individual securities can and do significantly deviate away from their fair value. • Potential to generate strong risk-adjusted returns by investing in select securitie
Slide 7: Investment process
Investment process For personal use only Idea generation Proprietary research • Screening • Fundamental analysis • Identify mispricing • Company meetings / site visits • Leverage network of contacts • Speak to experts Investment decision Assessment • Buy, hold, sell, wait, do nothing • Qualify again
Slide 8: NGE portfolio
NGE portfolio For personal use only Top holdings – 30 April 2019 United Company RUSAL HKE:0486 24.9% Karoon Energy ASX:KAR 15.4% Yellow Cake plc LSE:YCA 14.7% Horizon Oil ASX:HZN 8.8% Warrior Met Coal NYS:HCC 7.2% Base Resources ASX:BSE 6.9% (1) (2) Powerwrap ASX:PWL 6.1% Eureka Group Holdings ASX:E
Slide 9: RUSAL
Portfolio holding: RUSAL For personal use only United Company RUSAL plc (HKE:0486) Snapshot Description Vertically integrated aluminium producer, Ticker HKE:0486 responsible for ~6% of global aluminium supply. Price (30 Apr 2019) HKD 3.360 Operates 12 aluminium smelters (4mtpa capacity), 10 alum
Slide 10: Karoon Energy
Portfolio holding: Karoon Energy For personal use only Karoon Energy Ltd (ASX:KAR) Snapshot Description Oil and gas explorer with operations in Australia, Ticker ASX:KAR Brazil and Peru. Price (30 Apr 2019) $ 0.955 Key asset is its cash balance of ~A$322m (~$1.31 per share), of which ~95% is hel
Slide 11: Yellow Cake
Portfolio holding: Yellow Cake For personal use only Yellow Cake plc (LSE:YCA) NAV as at 30 Apr 2019 Description Listed investment company whose strategy is to buy and Uranium holdings mmlb 9.62 hold physical uranium for the long-term. Spot price US$/lb 25.25 Currently holds 9.6mmlbs of “natural
Slide 12: Horizon Oil
Portfolio holding: Horizon Oil For personal use only Horizon Oil Limited (ASX:HZN) Snapshot Description Oil and gas producer, with a 26.95% interest in Ticker ASX:HZN producing assets in the Beibu Gulf, offshore China, a Price (30 Apr 2019) $ 0.120 26% interest in the producing Maari/Manaia fields
Slide 13: Warrior Met Coal
Portfolio holding: Warrior Met Coal For personal use only Warrior Met Coal (NYS:HCC) Snapshot Description Producer and exporter of metallurgical coal from two Ticker NYS:HCC underground mines located in Alabama. Price (30 Apr 2019) (1) US$ 26.84 Operational capacity to mine ~8 million short tons
Slide 14: Base Resources
Portfolio holding: Base Resources For personal use only Base Resources Limited (ASX:BSE) Snapshot Description Owns and operates the Kwale Mineral Sands Project Ticker ASX:BSE in Kenya, which produces zircon, ilmenite and rutile. Price (30 Apr 2019) $ 0.270 Owns 85% (with option to purchase remai
Slide 15: Powerwrap
Portfolio holding: Powerwrap For personal use only Powerwrap Limited (ASX:PWL) Snapshot Description Powerwrap provides investment portfolio Ticker ASX:PWL administration services. Price (30 Apr 2019) (1) $ 0.350 Powerwrap has ~$7.6bn in funds under administration (FUA). Market cap $m 72 Situatio
Slide 16: Board and management
Board and management For personal use only David Lamm Adam Saunders Ilan Rimer Leslie Smith Executive Chairman & Executive Director & Non-Executive Director Chief Financial Officer & Chief Investment Officer Portfolio Manager Company Secretary Responsible for the origination of Responsible for t
Slide 17: Contact details
Contact details For personal use only David Lamm Adam Saunders Executive Chairman & Executive Director & Investment proposals Chief Investment Officer Portfolio Manager Submit an investment opportunity for us to consider to: investments@ngecapital.com.au NGE Capital Limited P: +61 3 9648 2290 E: off