Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2011)
16 slides from Katana Capital's shareholder meeting presentation, Nov 30, 2011
Slide 1: Katana Capital Ltd AGM
For personal use only November 2011 Katana Capital Ltd AGM
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation is provided to each recipient on the following basis: a) this presentation has been produced by Katana Asset Management (KAM). This presentation does not purport to contain all the information that the recipient may requ
Slide 3: Agenda
Agenda For personal use only • Who we Are • Our Investment Philosophy • Local Knowledge / Global Network • Our Track Record • Key Themes Going Forward 3
Slide 4: Who We Are
Who We Are For personal use only • Western Australian based investment management team. • Benchmark unaware long only Australian Equities. • Managing money since 2003 in the private arena and 2005 in the public arena. • Currently manage circa $40m in FUM across 2 investment vehicles of which in exce
Slide 5: Who We Are
Who We Are For personal use only Romano Sala Tenna – Portfolio Manager B.Bus (IS) with distinction, Grad Dip Applied Investment Analysis, ADA 1&2 16 years investing experience Brad Shallard – Portfolio Manager B.Bus (Accounting), CPA, Dip of FP, Grad Dip Applied Investment Analysis, ADA 1&2 17 years
Slide 6: Who We Are - Service Providers
Who We Are For personal use only Service Providers • Auditors : Ernst & Young • Custodian & Administrator : JP Morgan • Banker : JP Morgan • Legal Advisors : McMahon Clarke Legal • Registered Address : Level 36, Exchange Plaza 2 The Esplanade Perth WA 6000 6
Slide 7: Our Investment Philosophy
Our Investment Philosophy For personal use only “Think independently but act in unison with the Markets” Benchmark Unaware All Opportunities Fund • Flexibility to maximise returns without constraints on Size, Sector or Theme. Top Down Macro Overlay with Bottom Up Stock Analysis • Economic cycle (tim
Slide 8: Our Investment Philosophy - Portfolio Parameters
Our Investment Philosophy For personal use only Portfolio Parameters • 50 - 60 individual stock positions • Seek to invest 1 – 5% on average • Mandated maximum position sizes • Cash Position historically 5% - 25% • Significant value added with stock positions outside ASX50 • No gearing applied to th
Slide 9: Local Knowledge / Global Network
Local Knowledge / Global Network For personal use only • Western Australian based investment management team – Region is under covered by research analysts on the ground – Unique insights into mining industry – Unique opportunities with deal flow • Association with Bell Potter Securities – Network i
Slide 10: Our Track Record
Our Track Record For personal use only Katana Performance versus All Ordinaries Accumulation Index as at 31st October 2011 100% 80% 60% 40% 20% 0% -20% -40% Katana All Ords 10 Inception date Katana Capital January 2006. Returns quoted net of fees pre-tax. XAOAI data source IRESS. From 1st July 2011
Slide 11: Our Track Record
Our Track Record For personal use only Katana Asset Management has consistently outperformed the market net of fees pre-tax through active stock selection and asset allocation decisions. Calender Calender Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 2006 Katana 0.21% 0.72% 1.73% 2.51% 0
Slide 12: Our Track Record
Our Track Record For personal use only Katana versus All Ords Accumulation Index Per Katana versus All Ords Accumulation Index Per Annum Comparison as at 31st October 2011 Annum Outperformance as at 3st October 2011 20.00% 10.00% 9.35% 16.95% 9.00% 8.00% 15.00% 7.00% 5.87% 6.00% 10.00% 8.76% 7.60% 5
Slide 13: Portfolio Composition
Portfolio Composition For personal use only Current Top 10 Stock Holdings as at November 2011 Good mixture of large cap and growth oriented emerging companies. Stock Portfolio (%) Mineral Resources Limited 9.71% BHP Billiton Limited 4.85% Rio Tinto 3.97% IMF Australia Ltd (Shares and Notes) 3.92% Gl
Slide 14: Looking Forward
Looking Forward For personal use only • Key themes going forward – Current quarter dominated by negative news flow out of Europe regarding the current status of the sovereign debt issues in the region alongside governments inability to come together on a workable solution. – All the attention is now
Slide 15: Looking Forward
Looking Forward For personal use only • Key themes going forward continued… – However, Europe will continue to take centre stage until the sovereign debt crisis is resolved – At the time of writing, the most likely outcome would appear to be: • A series of progressively more volatile and calamitous
Slide 16: Katana Capital Ltd AGM
For personal use only November 2011 Katana Capital Ltd AGM