Bentley Capital Ltd. · ASX:BEL

Bentley Capital — Shareholder Meeting (November 2015)

8 slides from Bentley Capital's shareholder meeting presentation, Nov 30, 2015

  1. Slide 1: CBG Fund Investment Manager's Presentation at Annual General Meeting

    Monday, 30 November 2015 MARKET ANNOUNCEMENT CBG Fund Investment Manager’s Presentation at Annual General Meeting The Company encloses a copy of a presentation to be delivered by Mr Ronni Chalmers of CBG Asset Management Limited, Investment Manager of the CBG Australian Equities Fund (Wholesale) (CB

  2. Slide 2: CBG Asset Management Presentation

    CBG Asset Management Presentation Bentley Capital AGM 2015 30th November 2015 Presentation by: Ronni Chalmers AFSL 246790 ABN 12 098 327 809 rchalmers@cbgam.com.au CBG Asset Management A bright future ‡ Experienced investment team with extensive funds management experience ‡ Same investment philosop

  3. Slide 3: Investment Philosophy and Competitive Advantage

    Investment Philosophy ‡ Seek stocks that will outperform over 2-3 year time horizon ‡ Tax efficiency – low portfolio turnover (2014 was 13%) ‡ Tend to be overweight ex ASX 100 Why? Crowding by fund managers to ASX 100 ‡ Seek to position portfolio with active positions. Currently 58%. ‡ Typically hav

  4. Slide 4: Competitive Advantage (cont'd)

    Competitive Advantage (cont’d) ‡ The investment team has in excess of 500 meetings each year with management of ASX companies that we follow. ‡ Many of our peers have a level of FUM which becomes a disadvantage in terms of ability to invest outside the largest cap stocks in the market. ‡ As an indep

  5. Slide 5: A strong return for average risk

    An strong return for average risk 7 Net Performance as at 31 October 2015 CBG AM S&P / ASX 200 Net Value Fund Net Return Accum. Added 1 Year 5.2% -0.7% +5.9% 2 Years 6.8% 2.7% + 4.1% pa 3 Years 14.7% pa 9.8% pa + 4.9% pa 4 Years 12.6% pa 9.9% pa + 2.7% pa 5 Years 8.3% pa 7.1% pa + 1.2 % pa 7 Years 1

  6. Slide 6: Top 20 Holdings as at 31 October 2015

    Top 20 Holdings as at 31 October 2015 Name CBG Weight ASX 200Weight CBA COMMONWEALTH BANK 9.8% 9.9% ANZ ANZ BANKING GROUP 8.7% 5.8% WBC WESTPAC BANKING CORPORATION 7.6% 7.7% BTT BT INVESTMENT MANAGEMENT 5.7% 0.1% TCL TRANSURBAN GROUP 5.0% 1.5% HGG HENDERSON GROUP 4.6% 0.3% MQA MACQUARIE ATLAS ROADS

  7. Slide 7: How is the Fund Positioned Today?

    Attribution for the last 36 months 3 year attribution results as at 31/10/2015 Average Average Portfolio Benchmark Value-Added Portfolio Benchmark Return (%) Return (%) (%) Name of Stock Sector Weight (%) Weight (%) Top 10 Contributors BT Investment Management Limited Financials 2.98% 0.01% 491.93%

  8. Slide 8: Current Investment Thoughts and Disclaimer

    Current Investment Thoughts ‡ US economy growing at 3% pa, unemployment now below 6% ‡ Europe beginning to show early stage signs of economic pick up ‡ Asian growth outlook still robust ‡ On consensus earnings the Australian equity market is trading at 15.0 times FY 2016 and 4.5% dividend yield ‡ In

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