Salter Brothers Emerging Companies Ltd. · ASX:SB2
Salter Brothers Emerging Companies — Investor Presentation (September 2025)
13 slides from Salter Brothers Emerging Companies's investor presentation, Sep 16, 2025
Slide 1: Salter Brothers Emerging Companies Limited Webinar
WEBINAR For personal use only SA LTE R B ROTH E R S EMERGING COMPANIES LIMITED (ASX CODE: SB2)
Slide 2: Important – General Information and Disclaimer
IMPORTANT – GENERAL INFORMATION AND DISCLAIMER This document has been prepared by Salter Brothers Funds Management Pty Ltd ACN 608 295 683 (SBFM), a This document is being provided to you on the basis that you are, and you represent and warrant that you are, a corporate authorised representative of
Slide 3: Contents
CONTENTS 1. Executive Summary For personal use only 2. Reporting Season Review 3. Investment Case – SYL 4. Investment Case – ALC 5. Key Unlisted Holdings Overview 6. SB2 Portfolio Positioning 7. Discount Opportunity 8. SB2 Independent Review 9. Q&A 10. Contacts S A LT E R B R O T H E R S | E M E R G
Slide 4: Executive Summary
1. EXECUTIVE SUMMARY › Salter Brothers is a global diversified alternative investments manager with over A$4.6 billion of group assets under For personal use only management. › Salter Brothers Emerging Companies Limited (ASX–SB2) is a professionally managed listed investment company (LIC), dedicated
Slide 5: Reporting Season Review
2. REPORTING SEASON REVIEW For personal use only Source: Factset, Morgans › ASX200 Industrial forward price to earnings ratio trading at the upper bound of historical levels. › Resources led asx performance through August particularly in small caps with small resources rising 13.5%. › Outperformance
Slide 6: Investment Case - SYL
3. INVESTMENT CASE - SYL Share Price Market Cap $1.90* $450m* Summary › Symal is an Australian founder-led business which provides construction contracting, equipment hires, material sales, recycling and remediation services to the civil construction industry For personal use only in Australia. The
Slide 7: Investment Case Study - ALC
4. INVESTMENT CASE STUDY - ALC Share Price Market Cap $0.095* $128m* Key Drivers › Alcidion delivers an enterprise health platform built around its flagship Miya Precision solution, which aggregates clinical data into centralised dashboards, For personal use only supports interoperability across sys
Slide 8: Key Unlisted Holdings Overview
5. KEY UNLISTED HOLDINGS OVERVIEW Unlisted Investments account for ~15% of the total SB2 portfolio* and provide a potential near term catalyst for portfolio performance. For personal use only IPSI is a prominent fintech firm specialising in a wide range of cloud-based payment 1 solutions. IPSI’s inn
Slide 9: SB2 Portfolio Positioning
6. SB2 PORTFOLIO POSITIONING Key Holdings Market Cap Sector Company Description 1. Alfabs Australia Ltd Provides a design-to-delivery solution for its clients across heavy steel fabrication, construction and $135m Engineering & Mining (ASX:AAL) maintenance services, mining equipment, protective coat
Slide 10: Discount Opportunity
7. DISCOUNT OPPORTUNITY Steps to Narrow the NTA and Share Price Gap: Discount Comparison For personal use only › SB2 is currently trading at a -34% discount to it’s Post-Tax NTA as at the 31st August. 1.07 › SB2 maintains an ongoing commitment to on market -34% share buy backs. › Salter Brothers has
Slide 11: SB2 Independent Review
8. SB2 INDEPENDENT REVIEW For personal use only Salter Brothers is pleased to announce that we have received a rating from SQM, one of Australia’s Premier Research Houses. The report can be accessed by wholesale investors and licensed financial advisors. For a copy, please follow this link SB2 Ratin
Slide 12: Q&A
For personal use only Q&A Q&A S A LT E R B R O T H E R S | E M E R G I N G C O M PA N I E S L I M I T E D | A U G U S T 2 0 2 5 1 2
Slide 13: Contact Us
CONTACT US Gregg Taylor Head Office Investment Director Level 9, 477 Collins St For personal use only & Head of Equities Melbourne VIC 3000 Australia E | gregg.taylor@salterbrothers.com.au Sydney Office Level 36, 264 George St Yossi Kraemer Sydney NSW 2000 Australia Co‑head Capital Partnerships Bris
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