WAM Microcap Ltd. · ASX:WMI

WAM Microcap — Investor Presentation (November 2019)

43 slides from WAM Microcap's investor presentation, Nov 19, 2019

  1. Slide 1: For personal use only

    For personal use only • • • • • • •

  2. Slide 2: Geoff Wilson AO, Chairman and Chief Investment Officer

    For personal use only Geoff Wilson AO Chairman and Chief Investment Officer \\ ’ Wilson Asset Management

  3. Slide 3: Disclaimer

    Wilson Asset Management Disclaimer Wilson Asset Management and their related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as t

  4. Slide 4: Investment & management team

    Investment & management team For personal use only Geoff Wilson AO Kate Thorley Catriona Burns Matthew Haupt Oscar Oberg Adrian Siew Tobias Yao BSc GMQ FFINSIA FAICD BCom CA GAICD BCom MAppFin FFINSIA CFA BCom GradDipAppFin CFA LLB BBus CFA BSc (Hons I) BCom CFA Chairman & Chief Executive Lead Portf

  5. Slide 5: Matching tax-deductible gifts to the Foundation for Rural & Regional Renewal

    For personal use only We (the investment manager) will match tax-deductible gifts to the Foundation for Rural & Regional Renewal.

  6. Slide 6: WAM Global: undervalued growth companies

    For personal use only Catriona Burns Lead Portfolio Manager W A M Global The world’s most compelling undervalued growth companies

  7. Slide 7: For personal use only

    For personal use only

  8. Slide 8: For personal use only

    LNOvET@ Apr-18 Meeting with CEO WAM in Toronto Global buys shares Jun-18 Aug-18 Oct-18 Dec-18 Feb-19 Apr-19 Jun-19 Aug-19 Oct-19

  9. Slide 9: For personal use only

    For personal use only

  10. Slide 10: Bandai share price

    Yen ¥ 6800 6300 5800 5300 4800 Bandai 4300 3800 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 — Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19

  11. Slide 11: For personal use only

    For personal use only

  12. Slide 12: For personal use only

    For personal use only

  13. Slide 13: For personal use only

    For personal use only

  14. Slide 14: For personal use only

    For personal use only

  15. Slide 15: For personal use only

    For personal use only

  16. Slide 16: Kobe Bussan

    Rape KOBE BUSSANCO.,LTD.

  17. Slide 17: Top holdings WAM Global

    Top 20 holdings W|A|M Global HCA‘ ThermeFister = s DIAGEO = SCMEGroup, = AIRBUS Healthcare Suvari LVMH enw) AON = e2ERE s uA Bs event en Xe United ies S&P Global =, . H js (HS Markit BANDAL logitech WW As at 31 October 2019

  18. Slide 18: WAM Leaders: largest, highest quality Australian companies

    For personal use only Matthew Haupt Lead Portfolio Manager WAM Leaders Actively investing in the largest and highest quality Australian companies

  19. Slide 19: Central banks versus low growth

    Central banks versus o/ Low growth Trade disputes Political tensions

  20. Slide 20: Money supply, interest rates, sector opportunities

    For personal use only Money supply Weakening USD • • • Interest rates Sector opportunities? • • • •

  21. Slide 21: Australian economic snapshot

    Australian economic snapshot | Economic Cash rate Inflation Unemployment | growth rate 14% O0./9% | MRSS | D.2% Below trend Below neutral Below RBA Strong headline Weak target number

  22. Slide 22: Weak private spending is dragging on Australia's economic growth

    Weak private spending is dragging on Australia's economic growth 18.00% 12.00% 6.00% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ——YoY% Change in Private Demand ——YoY% Change in Public Demand - - -Trade Balance (% GDP)

  23. Slide 23: Top holdings WAM Leaders

    Top 20 holdings W|A|M Leaders CSL OQ BHP sexx € MACQUARIE (¢) JamesHardie feo) Fortescue Ramsay Gh Nn ab challen ser 3 . Health Care Brambles © Qamcor V ARKTOCRNT con woodside RioTinto ...%m:., Downer= ®QBE Wea ers As at 31 October 2019

  24. Slide 24: For personal use only

    For personal use only

  25. Slide 25: For personal use only

    Second largest stock on Upgrade Tightness Hanes cycle in global supply Sequris business breaks even : Strong 170.00 i FY19 full 150.00 year result 2-Jan-17 2-Apr-17 2-Jul-17 2-Oct-17 2-Jan-18. 2-Apr-18 2-Jul-18 2-Oct-18 2-Jan-19 2-Apr-19 2-Jul-19 2-Oct-19

  26. Slide 26: James Hardie

    'JamesHardie Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Increased competition and operational issues Apr-18 Jul-18 Acquisition Fermacell Oct-18 of Jan-19 Apr-19 Inaugural CEO result and upgrade Jul-19 Strong Q1 result Oct-19

  27. Slide 27: For personal use only

    For personal use only

  28. Slide 28: For personal use only

    ASX: AMC $ Bemis 17.00 acquisition 1650 16.00 Buyback 1850 announced 15.00 14.50 14,00 Global growth concerns 13.50 13.00 1250 12.00 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19

  29. Slide 29: WAM Capital, Microcap, Research, Active: undervalued growth opportunities

    For personal use only Oscar Oberg Lead Portfolio Manager W/A|M Capital W > A|/M Microcap WAM Research W\A|M Active The most exciting undervalued growth opportunities in the Australian market

  30. Slide 30: Outperformance of high PE growth stocks vs economy exposed stocks

    Outperformance of high PE growth stocks vs stocks exposed to the economy 100.00 33.6% Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18. Oct-18 Dec-18 Feb-19 Apr-19 Jun-19 Aug-19 Oct-19 High growth stocks Economy exposed stocks

  31. Slide 31: For personal use only

    cify chic ASX: CCX 2.50 150 1.00 0.00 Jan-17— Mar-17— May-17,— Jul-17 Sep-17 Nov-17_ Jan-18 Mar-18 = May-18 = Jul-18 Sep-18 Nov-18 Jan-19 Mar-19_ May-19 = Jul-19 Sep-19 Nov-19

  32. Slide 32: Australian Building Products Earnings

    Limiteo ASX: BKW $m Australian Building Products Earnings 80.00 60.00 40.00 20.00 I 0.00 FY14A FY15SA FYI6A FY17A FY18A FY19A FY20F FY21F FY22F

  33. Slide 33: For personal use only

    SUK REVITALISING FACIAL SCRUB PARABEN FREE TRACT 6 RON MICELLAR. ORIGINAL eens re CLEANSING HYDRATING MOISTURISER TUE Se LOOENG SMOOTH WATER PARABEN FREE AU skin r¥PeS ] MIST TONER rasanen ore CHAMOMILE 8 ROSE ‘sn Tees LP ismaziae | ALL SKIN TYPES: Auk San TPES 2.00 1.00 0.00 Jan-17 Mar-17_— May-17_

  34. Slide 34: AFG lodgement volume

    AFG ASX: AFG Sbn AFG's lodgement volume Growth % 18.00 18% 16.00 14.00 1200 10.00 0% 800 “5% 600 4.00 2.00 0.00 -20% 1017 207 3017 4Q17 1018 2018 3018 4018 1019 2019 3019 4019 1020 Moan lodgement ——Growth

  35. Slide 35: Furniture and homewares online penetration by country

    TEMPLECS WEBSTER ASX: TPW Furniture and homewares online penetration by country 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% UK US 0.00% AUS

  36. Slide 36: Top holdings WAM Capital

    Top 20 holdings W|A|M Capital CRrervicesiccam ~ e MYER FOmena IMDEZ = AaiOcer BRICKWORKS = AFG AUSTAL CODAN BWx SGH |evszeases =~ KOQAN.com Sfeup £. IPH €e EAGERS & GROUP As at 31 October 2019

  37. Slide 37: Chief Executive Officer

    For personal use only lr i) ct a) 4 ys © an O Chief Executive Officer

  38. Slide 38: Geoff Wilson AO, Chairman and Chief Investment Officer

    For personal use only Geoff Wilson AO Chairman and Chief Investment Officer \\ ’ Wilson Asset Management

  39. Slide 39: Superiority of the listed investment company structure

    Superiority of the listed investment company structure For personal use only

  40. Slide 40: Making a difference

    Creator and lead Future =a supporter of: Generation Making a difference Committed to PLEDGE ee “ advocacy initiatives (eo) eur Investing more than : Proven investment «pp. ? approach that has 4 billion : delivered solid on behalf of more : returns for over than 80,000 investors ; 20 across six liste

  41. Slide 41: wamacademy.com.au

    wamacademy.com.au Ajuo osn jeuosied 105

  42. Slide 42: Join more than 50,000 weekly readers

    For personal use only Join more than 50,000 weekly readers

  43. Slide 43: For personal use only

    For personal use only

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