Katana Capital Ltd. · ASX:KAT
Katana Capital — Shareholder Meeting (November 2019)
17 slides from Katana Capital's shareholder meeting presentation, Nov 12, 2019
Slide 1: Katana Capital Limited AGM Presentation November 2019
For personal use only Katana Capital Limited ASX CODE KAT AGM PRESENTATION NOVEMBER 2019 www.katanaasset.com
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided to each recipient on the following For personal use only basis: a. this presentation has been produced by Katana Asset Management (KAM). This presentation does not purport to contain any information that the recipient may require
Slide 3: Overview
Overview For personal use only Key Metrics Katana Profile – Personnel Investment Approach Fund Performance & Outlook www.katanaasset.com 3
Slide 4: Key Metrics
Key Metrics For personal use only FY19 Performance • Gross Investment Return of -0.53% vs Benchmark (All Ords Index) +6.51% In Context - 14 Year Performance vs Benchmark • Outperformed the benchmark in 10 out of 14 years Dividends • Paid 4x quarterly dividends totalling 2.00c per share (Fully Franke
Slide 5: Katana Profile – Personnel
Katana Profile – Personnel Investment Staff For personal use only Manager – Skills and Experience • Combined direct investment experience of >70 years • Across 3 stock market cycles • Professional Qualifications - economics, business, accounting, investment analysis • Diverse Backgrounds – domestic,
Slide 6: Katana Profile - Personnel: Support Staff & Service Providers
Katana Profile - Personnel Support Staff & Service Providers For personal use only General Address Level 9, The Quadrant Building, 1 William Street, Perth Katana Asset Management Administration Christine Fernandez Stephanie Taverniti Rebecca Zaubzer Compliance Jacqui Stewart - GRC Essentials Custodi
Slide 7: Investment Approach: Philosophy
Investment Approach Philosophy For personal use only Think independently but act in unison with the market, by combining the best precepts of the 5 key investment disciplines: 1. Value Investing 2. Fundamental Analysis 3. Growth Investing 4. Technical Analysis 5. Market Experience and Observation •
Slide 8: Investment Approach: Fund Parameters
Investment Approach Fund Parameters For personal use only Portfolio Overview Portfolio Parameters • Long only • 45-60 individual stock positions • Average position size 1%–5%, with a pre- • ASX listed securities disposition towards holding a greater • Benchmark ‘Unaware’ – i.e. flexibility to maximi
Slide 9: Investment Approach: Decision Process
Investment Approach Decision Process For personal use only 9
Slide 10: Typical portfolio – All-Opportunity
Investment Approach Typical portfolio – “All-Opportunity” Historical Characteristics: For personal use only ~ 5 of the top 10 portfolio holdings in ASX50 Top 10 Investments (KAT) Percentage of Portfolio Valuation as at 31/10/2019 2-3 of the top 10 portfolio holdings in ASX100 2-3 of the top 10 portf
Slide 11: Investment Returns: Out-Performance Since Inception
Fund Performance and Outlook Investment Returns For personal use only Out-Performance Since Inception 1. Inception date Katana Capital January 2006. Returns quoted are gross investment returns for the fund. 2. Past performance is not necessarily indicative of future performance. Source: Katana Asset
Slide 12: Investment Returns: Consistent and Strong Out-Performance
Fund Performance and Outlook Investment Returns For personal use only Consistent and Strong Out- Performance Since inception, Katana Capital’s Gross Investment Return has out- performed the All Ords Index by 5.99% per annum. 1. Inception date Katana Capital January 2006. Returns quoted are gross inv
Slide 13: Dividends
Fund Performance and Outlook Dividends For personal use only Dividend History • Paid dividends every year since listing • Quarterly dividends provide regular cash flow to yield conscious investors • Dividend Reinvestment Plan - company purchases shares on market so no dilution Future Dividends • Kat
Slide 14: Market Outlook
Fund Performance and Outlook Market Outlook For personal use only There are a host of reasons as to why the ASX could fall in the coming 12 months, including but not limited to: Yet despite all of these (valid) concerns, our base case remains that equities will continue to ‘climb a wall of worry’ an
Slide 15: Market Outlook
Fund Performance and Outlook Market Outlook For personal use only 1. Trump Government mandated support and ‘Powell Put’ 2. Global equity out-flows are on a scale not seen since the GFC = investors en masse are cautious, skeptical and underweight www.katanaasset.com 15
Slide 16: Market Outlook
Fund Performance and Outlook Market Outlook For personal use only 3. Relative yield differential and absolute yield level www.katanaasset.com 16
Slide 17: If you would like more information
If you would like more information For personal use only Please email enquiries@katanaasset.com Thankyou www.katanaasset.com