Keweenaw Land Association, Ltd. · OTC:KEWL
Keweenaw Land Association — Investor Presentation (April 2013)
13 slides from Keweenaw Land Association's investor presentation, Apr 26, 2013
Slide 1: Keweenaw Land Association, Limited Investor Presentation
Keweenaw Land Association, Limited Investor Presentation April 26, 2013
Slide 2: Strategic Plan
Keweenaw Land Association, Limited Strategic Plan • Core Business • Commercial forestry company with real estate and mineral assets appreciation • Strategic Objective • Manage assets for long-term growth and capital appreciation • Management Initiatives • Upgrade and consolidate timberland holding •
Slide 3: Keweenaw stock has outperformed S&P 500 over past 10 years
Keweenaw stock has outperformed S&P 500 over past 10 years • Stock compound annual growth of 9.9% vs. 5.7% for S&P 500 Keweenaw Stock Price vs. S&P 500 Index Since 2003 Index Base Year 2003 = 100 0% 2% 4% 6% 8% 10% KEWL S&P 500
Slide 4: Active management has resulted in increased value of land and timber assets
Active management has resulted in increased value of land and timber assets • Per acre value up over 8% since 2009 appraisal, 115% since 1998 • Conducted independent third-party appraisals since 1998 • Executive Summary of recent appraisal provide to shareholders on website Acres under Management Ov
Slide 5: Management remains focused on value creation
Management remains focused on value creation • Upgraded and consolidated ownership in cost effective, tax efficient manner • Accomplished through IRS Section 1031 Like-Kind Exchanges and outright purchase • Since 2003, disposed of 5,700 acres of HBU, non-strategic, and low productive lands • Acquire
Slide 6: Capitalizing on other revenue opportunities
Capitalizing on other revenue opportunities • Actively promoting development of the mineral resources • 2008 - Orvana • 2011 - Trans-Superior, Gogebic-Taconite • 2012 - Keweenaw Copper Co. • Developed Mineral ownership map • Contacted over 85 mining/exploration companies since 2006 • Marketing a Tim
Slide 7: Keweenaw practices good corporate governance
Keweenaw practices good corporate governance • Five of six Board members are classified as independent • Corporate officers are employees, not Board members • Separate President and Chairman positions • Audit, Nominating, and Compensation committees are all fully independent • Audit Committee held 4
Slide 8: Keweenaw voluntarily complies with key Sarbanes-Oxley provisions
Keweenaw voluntarily complies with key Sarbanes-Oxley provisions • Section 202 – No Outside Services by Auditor • Section 204 – Auditor Reports to Audit Committee • Section 206 – No Conflict of Interest by Auditor • Section 302 - Corporate Responsibility • Principle officers certify and approve fina
Slide 9: Extremely experienced and qualified nominees
Extremely experienced and qualified nominees John E. Earhart – Director since 1991 • Over 35 years of experience international environment and conservation fields • Currently Chairman and Founding Member of the Global Environmental Fund (GEF), a US-based financial advisory group with approximately $
Slide 10: Extremely experienced and qualified nominees
Extremely experienced and qualified nominees Marjorie E. Nesbitt – Director since 1988 • President and Founder of Eight Points Asset Management, LLC, which provides oversight of real estate and closely-held businesses for institutional fiduciaries and high net worth families • Managing Director of T
Slide 11: Keweenaw has conducted comprehensive evaluations of investor proposals
Keweenaw has conducted comprehensive evaluations of investor proposals • REIT Conversion • $17 million in retained earnings must be distributed prior to conversion • Must raise capital by issuing shares, debt, or sell 19% of land base • Dividend distribution eliminates land acquisition opportunities
Slide 12: Annual SEC Registration/NASDAQ listing fees would exceed 30% of Pre-Tax Income
Annual SEC Registration/NASDAQ listing fees would exceed 30% of Keweenaw’s Pre-Tax Income • SEC Registration expenses significant for small companies • $300,000 in one-time SEC Registration expenses • $250,000 in annual SEC related cost • New financial reporting system • Sec 404 – Internal control c
Slide 13: Contact Information
Contact Information If you have questions or wish to contact us regarding this presentation material, please call or email us at: Toll Free – 877-539-3362 Email – Investors@keweenaw.com David Ayer – Chairman Brian D. Glodowski – President Keweenaw Land Association, Limited
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