NAOS Ex-50 Opportunities Co. Ltd. · ASX:NAC
NAOS Ex-50 Opportunities — NAOS Absolute Opportunities Company — Shareholder Meeting (November 2017)
14 slides from NAOS Ex-50 Opportunities's shareholder meeting presentation, Nov 10, 2017
Slide 1: Annual General Meeting FY2017
For personal use only ANNUAL GENERAL MEETING FY2017 NAOS ABSOLUTE OPPORTUNITIES COMPANY LIMITED (ASX: NAC)
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only This material has been prepared by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529) (NAOS) for general information purposes only and must not be construed as investment advice. It does not constitute an offer to purchase any security or fina
Slide 3: NAC Agenda
NAC AGENDA For personal use only 1. NAC FY2017 Review • Performance • Capital Analysis • Stock Attribution (Since Inception) • Dividend History • Total Return • NAC FY18 Update • NAOS Investment Beliefs 2. Keeping Up to Date • Investor Awareness & Communications • NAOS Team and Board of Directors Lo
Slide 4: 1. NAC Review
For personal use only 1. NAC Review ”It is impossible to produce a superior return unless you do something different to the majority” Sir John Templeton
Slide 5: NAC Performance
NAC PERFORMANCE For personal use only 1 Month 6 Month 1 Year 2 Years Inception Inception (p.a.) (p.a.) (nom.) NAC Investment +0.65% -3.02% +6.69% +17.83% +17.15% +51.66% Portfolio Performance* Benchmark (RBA Cash +0.35% +2.14% +4.39% +4.84% +4.73% +12.94% Rate + 250bps) Relative Performance +0.30% -
Slide 6: NAC Capital Analysis
NAC CAPITAL ANALYSIS As at 30 June 2017 For personal use only NTA $1.08 $1.10 $1.07 Pre Tax NTA Post Tax & Pre Post Tax NTA Unrealised Gains Tax SHARE PRICE $1.035 4.17% Share Price Discount to Pre Tax NTA SHARES ON ISSUE 52,536,889 DIRECTORS SHAREHOLDING 6,693,760 NUMBER OF HOLDINGS 17 *Investment
Slide 7: NAC Positive Stock Attribution Summary (Since Inception)
NAC POSITIVE STOCK ATTRIBUTION SUMMARY (SINCE INCEPTION) AS AT 30 JUNE 2017 For personal use only Positive Stock Contribution Analysis (Contribution is what has attributed to NAC’s performance since Inception of 12 November 2014) The table below lists the top positive contributors to NAC’s total ret
Slide 8: NAC Dividend History
NAC DIVIDEND HISTORY AS AT 30 JUNE 2017 For personal use only Net Yield 4.83% | Franking 100% | Gross Yield 6.90% Fully Franked Dividends $0.0500 $0.05 $0.0475 $0.04 $0.03 Part Year $0.0200 $0.02 $0.01 $0.00 FY2015 FY2016 FY2017 Long Term Value Investing | Copyright 2017 NAOS Asset Management Limite
Slide 9: NAC Total Return
NAC TOTAL RETURN AS AT 30 JUNE 2017 For personal use only Historical Shareholder Return Breakdown* $0.1200 $0.12 $0.10 $0.0925 $0.08 $0.0800 $0.06 $0.0396 $0.04 $0.02 $0.00 Franking Dividends NACO Options NTA (Pre-Tax) *Assumes an intrinsic NACO value of $0.1200 cents per option at expiry (30 Novemb
Slide 10: NAC FY18 Update
NAC FY18 UPDATE AS AT 31 OCTOBER 2017 For personal use only +3.75% $1.09 860 270 SHAREHOLDERS OCTOBER FY18 PRE TAX NTA (INCREASE 4% ROADSHOW PERFORMANCE SINCE JUNE 2017 ATTENDEES 950 Oct 17, 860 850 Shareholders 750 Jun 17, 831 650 550 450 Jun 16, 442 350 250 NAC Shareholders NAOS Shareholders Total
Slide 11: NAOS Investment Beliefs
NAOS INVESTMENT BELIEFS For personal use only We believe success is achieving returns for our investors, over a three to five year period, better than and without correlation to the broader market with less risk of permanent capital loss. We see value in the sharing of ideas with our investment comm
Slide 12: 2. Keeping up to Date
For personal use only 2. Keeping up to Date “The market can remain irrational longer than you can remain solvent.” – John Maynard Keynes
Slide 13: Investor Awareness and Communications
INVESTOR AWARENESS AND COMMUNICATIONS For personal use only CEO Insights, Quarterly Monthly The news and Twice yearly Weekly NAOS Shareholder Investment Report media section of National Newsletter, Conference Calls, & NTA email our website is Roadshow subscribe via our subscribe via our updates, sub
Slide 14: NAOS Team
NAOS TEAM For personal use only THE BOARD Sebastian Evans Mark Bennett Warwick Evans David O’Halloran David Rickards Managing Director, NAOS Asset Director, NAOS Asset Chairman, NAOS Asset Director, NAOS Asset Chairman & Director, Management Limited & Management Limited Management Limited & Manageme
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