BTC Health Ltd Registered · ASX:BTC
BTC Health Ltd Registered — BTC Health — Shareholder Meeting (November 2011)
19 slides from BTC Health Ltd Registered's shareholder meeting presentation, Nov 9, 2011
Slide 1: 2011 Annual General Meeting
For personal use only 2011 Annual General Meeting 9 November 2011, Sydney 1
Slide 2: Outline
For personal use only Outline Year in Review Current Focus Portfolio Updates Outlook Background Information 2
Slide 3: Year in Review – Macro
For personal use only Year in Review – Macro Global economic growth showing signs of slowdown Concern over GFC Mark II weighing on investors Excessive sovereign debt levels and default concerns whip- sawing markets Extreme volatility across many asset classes (equities, bonds, currencies, commoditie
Slide 4: Year in Review – Macro
For personal use only Year in Review – Macro Asia-Pacific growth remains solid although concerns over global recessionary conditions undermining confidence Individuals in Australia continue to reduce debt levels moderating spending Continued investment in mega-projects (eg. Wheatstone) lays solid fu
Slide 5: Activities & Focus
For personal use only Activities & Focus Commenced the year with nine investments, now reduced to five Sale of holdings in Alchemia, Phylogica and Pacific Knowledge Systems Voluntary liquidation of Continara Three separate dividends paid totalling 8 cents per share Remaining five holdings expected t
Slide 6: Portfolio companies
For personal use only Portfolio companies 6
Slide 7: BTC Portfolio (as at Oct 2011)
For personal use only BTC Portfolio (as at 31 Oct 2011) 31 October 2011 Cost Price Board Valuation1 Market Valuation2 Cents per BTC Current Cents per BTC Company ASX Code Cost Price Current Value* Cents per BTC share share Value* share LISTED SECURITIES 1 Neurodiscovery NDL $ 1,500,000 2.01c $ 293,8
Slide 8: Portfolio Updates - Exits
For personal use only Portfolio Updates - Exits Alchemia Ltd (ASX:ACL) Remaining stake sold on-market in several tranches over the course of several months. Pacific Knowledge Systems Pty Ltd Holding sold as part of a 100% takeover of the company by a Sydney-based private family investment group. The
Slide 9: Portfolio Updates - Exits
For personal use only Portfolio Updates - Exits Continara Ltd Placed into member's voluntary liquidation on 7th June 2011. This outcome followed extensive and exhaustive attempts at securing additional capital or a viable partnering opportunity with industry players. Considerable time and effort was
Slide 10: Portfolio Updates
For personal use only Portfolio Updates Generic Health Pty Ltd Has a focus on becoming a sustainable low cost supplier of key pharmaceutical products undergoing patent expiry. The company has since established a number of exclusive supply agreements for the Australian market and now has an extensive
Slide 11: Portfolio Updates
For personal use only Portfolio Updates Biocomm Services Pty Ltd Biocomm has disposed of its stake in Hatchtech and is attempting to dispose of its last material investment being its shares in Relevare which is attempting to secure new capital to fund the next stage of its development. At this stage
Slide 12: Portfolio Updates
For personal use only Portfolio Updates Sensear Pty Ltd Has developed innovative communication devices that can operate in high-noise environments that enables speech communication to be heard without the need to remove hearing protection. The Sensear technology has numerous applications in industri
Slide 13: Outlook
For personal use only Outlook Capital market sentiment remains muted and IPOs are unlikely Firmly focused on exiting portfolio holdings in an orderly manner and for fair prices – trade sales the focus Capital will be returned to shareholders as and when funds are realised Costs will be maintained at
Slide 14: Thank you for your attendance
For personal use only Thank you for your attendance 14
Slide 15: Background information
For personal use only Background information 15
Slide 16: Pooled Development Fund Status
For personal use only Pooled Development Fund Status BTC has since inception been registered as a PDF Provides investors certain tax benefits Imposes several investment restrictions on the fund Seeking approval to provide Board discretion to de- register as a PDF if in the best interests of sharehol
Slide 17: Pooled Development Fund Status
For personal use only Pooled Development Fund Status Other issues to consider include: Existing investments will not be impacted Certain tax benefits under the PDF Act will no longer be available to the Fund or to shareholders The Board is seeking discretion in the timing of relinquishing PDF status
Slide 18: Capital Structure
For personal use only Capital Structure Ordinary shares (BTC): 74,554,108 Substantial shareholders : Select Asset Management: 29.8% Lazard Asset Management: 8.9% Top 20 hold 48% 3,396 shareholders 18
Slide 19: Links
For personal use only Links www.sensear.com http://www.youtube.com/hearspeech#p/u/2/1eMsMoIOY Qk 19