Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2006)
18 slides from Katana Capital's shareholder meeting presentation, Nov 30, 2006
Slide 1: ASX/Media Release: AGM Presentation
7 Bethe. CAPITAL LT ASX/MEDIA RELEASE 30 November 2006 AGM PRESENTATION Katana Capital Limited (ASX: KAT) (“Katana Capital’) Please find attached the investor presentation to be made at today’s AGM by Katana Capital’s Investment Manager ~ Classic Capital Pty Ltd. For more information about Katana Ca
Slide 2: eae y
eae y SIAL EIEN OE wee — KATANA CAPITAL LTO
Slide 3: CAPITAL LTD
KATANA CAPITAL LTD The information contained in this presentation is provided to each recipient on the following basis: a) b) this presentation has been produced by Classic Capital PL (CCL). This presentation does not purport to contain all the information that the recipient may require to evaluate
Slide 4: Hae
Hae pee beh eo i CAPITAL LTD ue EG. ie oe a a A ce 3 2 ) Lye
Slide 5: Global economic growth stabilised around 4.5% in 2006
PUTAL LF m= Global economic growth has stabilised around 4.5% in calendar 2006 but is still forecast to exhibit a marked slowdown to 3.4% in 2007, which is below the annual average growth rate of 3.7% over the past 30 years, before a modest improvement in 2008 Global economic growth (%) Weight 2004(
Slide 6: Earnings growth by sector and region
growth (%) 2004{a) 2005(a) 2006(e) 2007(6) 2004(a) KATANA CAPITAL LTD 2005(a) 2006(e) 2007(e) Materials Consumer Discretionary Consumer Staples Energy Financials Health Care industrials information Technology Telecommunications Uultties 783 210 AT 321 a4 26.2 5.8 98 12.0 15.0 10.0 10.4 74 United Sta
Slide 7: pont
a 5 a E a a pont
Slide 8: Cumulative returns by sector over previous episodes
Resources 30% ~~ 20% ~ 10% cumulative return 0% = 10% 2% -F +6 +9 #4AZ months. imo average of previous four episodes aes current episode Banks cumulative return: 0 *3 46 +9 412 months nen average of previous four episodes mama current episode KATANA CAPITAL LTD industrials 30% 20% cumulative return
Slide 9: Consumption still has a long way to go
KATANA CAPITAL LYE ...and consumption still has along way to go, for some. Average urban per capita consumption levels in deveboped nations is much higher than emerging regions. = Between 150 — 200 kg/copper per capita needed to supply full infrastructure and transportation services enjoyed by resid
Slide 10: A longer-term concern: the growing global energy gap
KATANA CAPITAL LTD A longer-term concern: The Growing Global Energy Gap Global efi discaveries peaked in the 1960s, but when will glokaé ett procduction peewke? Billion Barrets/¥ear | AA ie hil lit 1940 1950 1960 1970 1980 +990 2000 201 0E 2020€ WE Discoweries — Miliinil Projected Discoweries Consum
Slide 11: a a E a Si ee pont = SS
a 5 a E a Si ee pont = SS
Slide 12: On valuation grounds our share market is attractive
KATANA APITAL LYE m On valuation grounds our share market is attractive -— the market's forward PER has been range-bound between 13x and 15x over the duration of this bull market because the strength in share prices has been matched by strong profit growth - the prospective fiscal 2007 PER of 13.4x
Slide 13: CAPITAL LTD
CAPITAL LTD 5 x Y i doe eas
Slide 14: Top portfolio holdings
Mineral Resources Limited $3,073,901 12.19% BHP Billiton Limited $1,991,440 1.89% Rio Tinto Limited $1,166,952 462% Telstra Corporation Limited $807,840 3.20% Woodside Petroleum Limited $751,000 2.98% Automotive Holdings $684,000 211% Santos Limited $635,400 252% Zinifex Limited $530,950 2.10% Mount
Slide 15: Revenue Generation
KATANA CAPITAL LTD Revenue Generation 338,922.04 $71,745.64 Nii $130,108 : \ @ Equities w Options O Dividends O Cash Management g Bank Bills $3,141,460.33
Slide 16: % of Portfolio Invested
KATANA CAPITAL LTD % of Portfolio Invested 100.00% + 90.00% 4 80.00% 5 70.00% + % of Portfolio 50.00%4 40.00% + 30.00% 5 20.00% + Cash M@ Invested D F A Jun- A Oct- ug-
Slide 17: % Return: Katana Capital vs All Ordinaries
KATANA APITAL LYE % Return Jan-O06 Mar-06 May-06 Jul06 Sep-06 Month @ Katana Capital m All Ordinaries
Slide 18: ce ee
rr 7) ce ee ue. —— fe ay GE i CAPITAL LYO