Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — 2024 Macquarie Australia Conference
15 slides from Washington H. Soul Pattinson And's conference presentation, May 9, 2024
Slide 1: ASX Announcement: Macquarie Conference Presentation
Level 14 151 Clarence Street Sydney NSW 2000 Australia GPO Box 479 Sydney NSW 2001 +61 2 9210 7070 info@SoulPatts.com.au SoulPatts.com.au 9 May 2024 ASX Announcement Macquarie Conference Presentation Diversified investment house, Washington H. Soul Pattinson and Company Limited (“Soul Patts”) (ASX:S
Slide 2: Macquarie Conference Presentation
For personal use only Macquarie Conference Presentation 9 May 2024 SoulPatts.com.au
Slide 3: A diversified investment house that is unique in Australia
A diversified investment house that is unique in Australia For personal use only Soul Patts aims to grow shareholder wealth 1886 Lewy Pattinson opened his first Balmain pharmacy through a diversified range of investments that perform throughout market cycles. 1903 Washington H. Soul Pattinson & Co w
Slide 4: Diversified portfolio spanning various asset classes
Diversified portfolio spanning various asset classes 11.5 b For personal use only Total Portfolio $ 5.9b $ Net Asset Value (pre-tax) at 31-Jan-24 $ 2.4b $ 1.4b $ 1.0b $ 0.7b $ 0.1b Strategic Large Caps Private Equity Emerging Companies Credit Property • Uncorrelated industries • Index unaware • Uniq
Slide 5: Experienced leadership
Experienced leadership Investment philosophy is deeply embedded across the company with an average tenure of 11 years across the leadership team For personal use only Todd Barlow David Grbin Jaki Virtue Brendan O’Dea David Scammell Dean Price Chief Executive Officer Chief Financial Officer Chief Ope
Slide 6: Permanent capital and flexible allocation
Permanent capital and flexible allocation • Collaborative decision-making by investment team ensures capital flows to best asset classes For personal use only • Ability to generate cash and/or deploy cash quickly when opportunities present • ~$750m transacted in last quarter (3Q24) equities $3.3b ye
Slide 7: Private equity investing
Private equity investing For personal use only Investing in Australian industries with strong Competitive advantage: flexibility as it relates to deal structure and investment horizons tailwinds, typically alongside founders Education Food security Financial services Electrification Largest assets i
Slide 8: Case study: Ampcontrol
Case study: For personal use only Providing electrical solutions for the energy, infrastructure, and resources industries with Internal Rate of Return since 2005 19.5% ~1,200 employees across Australia and Asia EBIT growth (forecast) since 2022 103% • Partnered with founders in 2005 • Dominant marke
Slide 9: Credit investing
Credit investing For personal use only Competitive advantage: capable of investing Loan book is widely spread, mostly senior secured across the capital stack with bespoke structures and diverse by sector real estate unsecured materials • Portfolio established 2018; now resourced with team of 10 unli
Slide 10: Consistent long-term performance
Consistent long-term performance For personal use only Total Shareholder Return p.a. 1 year 5 year 10 year 15 year 20 year Cumulative performance to 30 April 2024 (updated to 30 April 2024) (including reinvestment of dividends) SOL 6.7% 10.1% 11.3% 11.8% 12.0% All Ords Accumulation Index 9.9% 8.4% 8
Slide 11: Continued dividend growth
Continued dividend growth Soul Patts has a proud history of paying dividends every year since listing in 1903 For personal use only Total dividends (Ordinary and Final) have increased for 24 consecutive years at a 18.5% compound annual growth rate of 9.6% 2 year CAGR 10
Slide 12: Outlook: opportunity led investing through the cycle
Outlook: opportunity led investing through the cycle For personal use only To support above market returns and dividend growth over the long term we will: • Maintain liquidity to take advantage of market dislocation • Continue allocating to Credit and Private Equity Portfolios ($290m undrawn/committ
Slide 13: Q&A
For personal use only Q&A 9 May 2024 SoulPatts.com.au
Slide 14: Thank you
For personal use only Thank you For more information please contact: info@SoulPatts.com.au SoulPatts.com.au
Slide 15: Disclaimer
For personal use only Disclaimer This document has been prepared by Washington H. Soul Pattinson (‘WHSP’). All information contained in this document (including this notice) (‘Information’) is confidential. By receiving the Information you are deemed to agree that you will hold the Information in st
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