Epe Capital Partners Ltd. Class A · JSE:EPE
Epe Capital Partners Ltd. Class A — Ethos Capital — FY2017 Earnings Presentation
5 slides from Epe Capital Partners Ltd. Class A's earnings presentation, September 2017
Slide 1: Ethos Capital Investor Presentation
E T H O S C A P I TA L I N V E S T O R P R E S E N TAT I O N September 2017
Slide 2: Portfolio overview
2 Portfolio overview 1 Portfolio highlights 2 Portfolio composition per share % of NAV % of NAV Discount to NAV June 2017 NAV of R10.37 per share 1.82 18% 40% 17% As at June 2017, 18% of NAV was invested and 37% committed 4.14 NAV 3 post year end transactions totaling R468 million R10.37 8.55 8.60 P
Slide 3: Portfolio valuation analysis
3 Portfolio valuation analysis 1 Ethos Capital valuation and portfolio companies’ average discount to peer group companies Valuation highlights 6.6x 29% 6.6x = value-weighted average portfolio EV / EBITDA 2.3x = value-weighted average portfolio net debt / EBITDA 17% 2.3x 17% = current Ethos Capital
Slide 4: Outlook
4 Outlook 1 Outlook for Ethos Capital 2 General market outlook 40% of NAV invested on a proforma basis Market conditions and business / consumer confidence likely to remain subdued Fund VII targeting first close in Q4 2017 or Q1 2018 Seller’s pricing expectations are moderating R1.25bn first close c
Slide 5: Disclaimer
DISCLAIMER THE INFORMATION CONTAINED HEREIN IS PROVIDED FOR INFORMATIONAL AND DISCUSSION PURPOSES ONLY AND IS NOT, AND MAY NOT BE RELIED ON IN ANY MANNER AS, LEGAL, TAX OR INVESTMENT ADVICE OR AS AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY OF THE ETHOS PRIVATE EQUITY FUN
Ethos Capital — FY2017 Earnings Presentation on 6ix