Pengana Capital Group Ltd. · ASX:PCG
Pengana Capital — Investor Presentation (October 2026)
9 slides from Pengana Capital's investor presentation, Oct 8, 2026
Slide 1: ASX Announcement: Investor Presentation
ASX ANNOUNCEMENT For personal use only INVESTOR PRESENTATION 08 October 2026 Pengana Capital Group Limited (ASX: PCG) attaches an investor presentation to be used in connection with investor and shareholder meetings. This announcement has been authorised for release by the Board of Pengana Capital G
Slide 2: Shareholder Presentation
rsonal use only ASX: PCG Shareholder Presentation 8 October 2026 EST. 2003
Slide 3: Overview
Overview • Recently, PCG has increased buy-back activity that has resulted in the company acquiring a large proportion of the traded volume on any particular day rsonal use only • The reason why PCG is engaging in such activity is that it believes that at current prices, the company’s shares are sub
Slide 4: Why Is PCG's Operating Business Valuable
Why Is PCG’s Operating Business Valuable • Strong retail & advisor market brand and relationships (built over 24 years); the most valuable segment of the Australian Wealth market rsonal use only • Unique positioning in Global Private Markets (ie Global Private Credit and Global Private Equity) which
Slide 5: Key Valuation Considerations
Key Valuation Considerations PCG’s valuation should be viewed in context of the following Run Rate Why Use Run Rate? rsonal use only changes as at 30 June 1, 2 • Revenue Run Rate is an estimate calculated by taking the actual • Total Business: FUM at a specified date (i.e. 30 • FUM3 was up 14.0%, fr
Slide 6: Global Private Markets FUM - Run Rate
Global Private Markets FUM - Run Rate 1,800 rsonal use only 1,500 1,200 $ millions 900 600 300 0 30 Jun 2023 30 Jun 2024 30 Jun 2025 30 Jun 2026 Private Equity GPC Platform The amount of funds under management can increase or decrease due to a range of factors including net fund flows, distributions
Slide 7: Global Private Markets Run Rate Analysis
Global Private Markets Run Rate Analysis rsonal use only Change from ($ million) 30 Jun 23 30 Jun 24 30 Jun 25 30 Jun 26 30 Jun 25 FUM 453 620 836 1,560 723.7 Increase 37% 35% 87% Gross Base Revenue 5.5 7.0 10.2 23.0 12.8 Profit Share on Base Revenue - - - 1.9 1.9 Net Base Revenue 5.5 7.0 10.2 21.1
Slide 8: Valuation Framework (EBITDA Multiple Basis)
Valuation Framework (EBITDA Multiple Basis) Base Operating EBITDA rsonal use only • Base Operating EBITDA (i.e. not taking into account new-business acquisition costs and performance fees) for FY2026 were $5.7m • RR NBR at 6/2026 was ~$10m above FY2026 actual; so assuming Base Operating Expenses are
Slide 9: Disclaimer
Disclaimer This presentation has been prepared by Pengana Capital Group Limited (ABN 43 059 300 426) (“PCG”). The information in this presentation is current as at 8 October 2026. This presentation is not an offer or invitation for subscription or purchase of securities or a recommendation with resp
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