NAOS Ex-50 Opportunities Co. Ltd. · ASX:NAC
NAOS Ex-50 Opportunities — Q2 2018 Earnings Presentation
19 slides from NAOS Ex-50 Opportunities's earnings presentation, Jan 31, 2018
Slide 1: Quarterly Investor Briefing Q2 FY2018
For personal use only QUARTERLY INVESTOR BRIEFING Q2 FY2018 WEDNESDAY, 31 JANUARY 2018 10:30 AM AEDT WITHIN AUSTRALIA: 1800 804 595 OUTSIDE AUSTRALIA: +61 3 8687 0650
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: 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 4: Our Listed Investment Companies
OUR LISTED INVESTMENT COMPANIES For personal use only NAOS EMERGING NAOS SMALL CAP NAOS ABSOLUTE OPPORTUNITIES OPPORTUNITIES OPPORTUNITIES COMPANY LIMITED COMPANY LIMITED COMPANY LIMITED ASX: NCC ASX: NSC ASX: NAC Emerging /Microcap Small Cap Small/Mid Cap Industrial Companies Industrial Companies I
Slide 5: 1. Review
For personal use only 1. Review “ You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.“ Charlie Munger
Slide 6: Performance as at December 2017
PERFORMANCE AS AT 31 DECEMBER 2017 For personal use only $1.40 $1.46 +4.91% +13.69% NCC* Pre Tax NTA Share Price 3 month Performance 3 month Performance XSOAI# $1.04 $0.935 +1.09% +3.20% NSC^ Pre Tax NTA Share Price 1 month Performance 1 month Performance XSOAI# NAC* $1.17 $1.055 +12.59% +1.06% Pre
Slide 7: Dividend History as at December 2017
DIVIDEND HISTORY AS AT 31 DECEMBER 2017 For personal use only ASX: NCC ASX: NAC 4.79% 100% 4.74% 100% Historical Dividend Franking Historical Dividend Franking Yield Yield $1.40 7c $1.17 5c Pre Tax NTA Fully Franked Pre Tax NTA Fully Franked Dividend Dividend $0.06 NAC Fully Franked Dividends $0.050
Slide 8: Key Events
KEY EVENTS ASX: NCC For personal use only • ASX: COG Looking for signs of both business and financial progress to be made through CY2019 after a year of consolidation. • ASX: BSA and ASX: SND Revenue and margin expansion from significant industry tailwinds through infrastructure spending. • ASX: BRI
Slide 9: Key Events
KEY EVENTS ASX: NSC For personal use only • ASX: TOT, ASX: TGP, ASX: JHC and ASX: SSM Add to what we believe are conservatively positioned businesses that offer reasonable (8-15% p.a.) long term returns with lower capital risk. • ASX: OTW and ASX: HLO Selectively invest and increase exposure to more
Slide 10: Key Events
KEY EVENTS ASX: NAC For personal use only • Further build out a small number of strategic long term positions to supplement ASX: MOE, ASX: MNF and ASX: CAJ in the Australian mid-cap space (such strategic positons often account for a significant amount of the portfolio performance i.e. ASX: ELD and A
Slide 11: 2. Market Outlook
For personal use only 2. Market Outlook “First, no one really knows what events are going to transpire. And second, no one knows what the market’s reaction to those events will be.” Howard Marks
Slide 12: Market Outlook CY18: Heightened Awareness
MARKET OUTLOOK CY18 For personal use only Portfolio Overall | Heightened Awareness 1. Stock specific valuations of mainly growth companies especially when overlaying potential long term earnings fluctuations. 2. Company balance sheets and the ability to fund acquisitions or reinvestment organically,
Slide 13: Managing Stock Specific Risk
MANAGING STOCK SPECIFIC RISK For personal use only Can these businesses prove themselves over the long term? 1YR Total Return Market Cap Getswift (GSW) 949% 595M Linius (LNU) 240% 153M Temple and Webster 243% 65M (TPW) We prefer to be in these types of businesses 1YR Total Return Market Cap Elders L
Slide 14: Market Outlook CY18: NAOS Focus
MARKET OUTLOOK CY18 For personal use only Portfolio Overall | NAOS Focus 1. Stock specific fundamentals over a 3 year view and not market noise. We will focus on risk mitigation and then returns. Variables to consider include technological competitive advantages, reliance on equity markets for fundi
Slide 15: 3. Keeping up to Date
3. Keeping For personal use only up to Date “Wide diversification is only required when investors do not understand what they are doing.” Warren Buffett
Slide 16: NAOS Investor Roadshow March 2018
NAOS INVESTOR ROADSHOW MARCH 2018 For personal use only Save the date Adelaide Canberra Brisbane 11:00 am- 12:30 pm 6 March 2018 11:00 am- 12:30 pm 7 March 2018 11:00 am- 12:30 pm 8 March 2018 Pullman Hotel Adelaide Hyatt Hotel Canberra Customs House Brisbane 16 Hindmarsh Square 120 Commonwealth Ave
Slide 17: Investor Awareness and Communication
INVESTOR AWARENESS AND COMMUNICATION 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, subs
Slide 18: 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
Slide 19: Q&A
For personal use only Q&A THANK YOU FOR YOUR SUPPORT
Naos Ex-50 Opportunities Company — Q2 2018 Earnings Presentation on 6ix