WAM Global Conference call 11.00am, 15 March 2018€¦ · WAM Global Conference call 11.00am, 15...
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WAM Global Conference call 11.00am, 15 March 2018 Dial-in number: 1800 200 232 Access code: 3013976#
Transcript of WAM Global Conference call 11.00am, 15 March 2018€¦ · WAM Global Conference call 11.00am, 15...
WAM Global Conference call 11.00am, 15 March 2018
Dial-in number: 1800 200 232Access code: 3013976#
DisclaimerThis presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management) for use in conjunction with a verbal presentation and should be read in that context. This presentation Information for the graphs, charts and quoted indices contained in this presentation has been sourced from WAM Capital Ltd, WAM Leaders Ltd, WAM Research Ltd, WAM Active Ltd, WAM Microcap Ltd, Century Australia Investments Ltd and WAM Global Ltd unless otherwise stated. This presentation is proprietary to Wilson Asset Management. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Wilson Asset Management. The information in this presentation is only intended for Australian residents. The purpose of this presentation is to provide information only and the contents of the presentation do not purport to provide investment or financial advice. We strongly suggest that investors consult a financial advisor prior to making any investment decision. The presentation does not take into account the investment objectives, financial situation or particular needs of any person and should not be used as the basis for making investment, financial or other decisions. The information is selective and may not be complete or accurate for your particular purposes and should not be construed as a recommendation to invest in any particular investment or security, or listed investment company offered by Wilson Asset Management. The information provided in this presentation is given in good faith and is believed to be accurate at the time of compilation. Neither Wilson Asset Management, WAM Capital Ltd, WAM Leaders Ltd, WAM Research Ltd, WAM Active Ltd, WAM Microcap Ltd, Century Australia Investments Ltd and WAM Global Ltd nor their respective directors or employees (Wilson Asset Management parties) make any representation or warranty as to the accuracy, reliability, timeliness or completeness of the information. To the extent permissible by law, Wilson Asset Management parties disclaim all liability (whether arising in contract, tort, negligence or otherwise) for any error, omission, loss or damage (whether direct, indirect, consequential or otherwise). Performance figures quoted in the report are past performance. Past performance is not an indicator of future performance. None of the Wilson Asset Management parties guarantee or make any representation as to the performance of the listed investment companies, the maintenance or repayment of capital, the price at which shares may trade or any particular rate of return. This presentation includes “forward looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan” “guidance” and other similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of any Wilson Asset Management party, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Wilson Asset Management assumes no obligation to update such information. This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase, any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Without limiting this, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States.
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Making a difference for our shareholdersand the community
– Six LICs and almost $3 billion in shareholder capital for over 55,000 retail shareholders
– Nine investment professionals with combined investment experience of more than 100 years
– Proven investment approach that has delivered strong returns for over 20 years
– Committed to philanthropic and advocacy initiatives
– Creator and supporter of: Winner of the Listed Investment Companies category at the Professional Planner | Zenith Fund Awards 2014, 2015, 2016 and 2017
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Investing in undervalued growth companies
• Focus on ASX listed small-to-mid cap industrial companies
• Research and market-driven processes
• Focus on ASX top 200 listed companies• Research and market-driven processes
• Focus on ASX listed micro-cap industrial companies
• Research and market-driven processes
• Focus on ASX listed small-to-mid cap industrial companies
• Research-driven process
• Focus on ASX listed small-to-mid cap industrial companies
• Market-driven process
• Focus on ASX top 300 listed companies• Research, market and investment-driven
processes
• Focus on small-to-mid cap international companies
• Research and market-driven processes
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Long-term performance
Performance at 28 February 2018
1yr
3 yrs%pa
5 yrs%pa
10 yrs%pa
Since inception
%pa(Aug-99)
WAM Investment Portfolio* 15.0% 15.9% 15.4% 13.6% 17.7%
S&P/ASX All Ordinaries Accumulation Index
10.8% 5.7% 8.1% 5.2% 8.4%
Outperformance +4.2% +10.2% +7.3% +8.4% +9.3%
*Investment performance and Index returns are before expenses, fees and taxes.
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Strong risk-adjusted returns from undervalued international growth companies
Investment objectives• Provide capital growth over the medium-to-long term• Deliver a stream of fully franked dividends• Preserve capital
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Experienced investment team
Geoff Wilson AOChairman & Portfolio ManagerBSc GMQ FFINSIA FAICD37+ years’ market experience
Chris Stott
Chief Investment Officer & Portfolio ManagerB Bus Grad Dip App Fin14+ years’ market experience
Catriona Burns CFA
Lead Portfolio ManagerB Comm M App Fin
14+ years’ Australian and global market experience
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Proprietary rating process
• Rate management• Rate industry/position• Forecast EPS growth• Valuation
• Buy only when a CATALYST is identified• Sell when valuation reached
Qualitative
Quantitative
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Investment case study
Global leader in seamless payments
Why it rated • Industry consolidating, new technology platform, emerging market opportunity
Catalyst• Acquisition integration and earnings upside
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Investment case study
Leading mechanical and plant engineering firm with automation expertise
Why it rated • Quality management, strong balance sheet, favourable industry structure
Catalyst
• Improving Asian demand and earnings upside
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US and global leading economic indicators
Source : OECD
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US growth leading the way
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US unemployment rate
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Global opportunities
98% of companies are overseas.
Current exciting investment themes and trends:
• eCommerce and mobility • AI and automation• Electrification• Rising Chinese and Indian middle class• Food scarcity
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Key dates
Prospectus lodged with ASIC 23 April 2018
Broker firm offer expected to close 1 June 2018
Priority and general offers expected to close 8 June 2018
Shares expected to commence trading on the ASX 22 June 2018
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$165 million priority offer to shareholders
Joint lead managers
Hamish NairnTaylor Collison Limited
+61 8 8217 3908
Nicholas ChaplinNational Australia Bank Limited
+61 2 9237 9518
Philip Lee Morgans
+61 7 3334 4864
Ross BaildonOrd Minnett
+61 7 3214 5509
To be emailed a copy of the Prospectus, visit wilsonassetmanagement.com.au/global.To receive a mailed copy of the Prospectus, please contact Boardroom Pty Limited on 1300 737 760.
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May 2018 Shareholder Presentations Launceston & Hobart Canberra Sydney Brisbane
11 May 2018 14 May 2018 15 May 2018 16 May 2018
Launceston: Conference Centre50 Glen Dhu StreetSouth Launceston TAS 7249Hobart: Wrest Point Hotel410 Sandy Bay Road, Sandy Bay TAS 7005
National Convention Centre 31 Constitution Avenue Canberra ACT 2601
The Westin1 Martin PlaceSydney NSW 2000
Brisbane Exhibition & Convention CentreCnr Merivale & Glenelg StreetsSouth Bank QLD 4101
Presentation:11.00am – 12.30pm
Presentation:10.00am – 12.00pm
Presentation:10.00am – 12.00pm
Presentation:10.00am – 12.00pm
Toowoomba Perth Adelaide Melbourne
17 May 2018 21 May 2018 22 May 2018 24 May 2018
Fitzy’s153 Margaret StreetToowoomba City QLD 4350
Perth Convention & Exhibition Centre21 Mounts Bay RoadPerth WA 6000
Adelaide Convention CentreNorth TerraceAdelaide SA 5000
Melbourne Convention Centre1 Convention Centre PlaceSouth Wharf VIC 3006
Presentation:10.00am – 12.00pm
Presentation:10.00am – 12.00pm
Presentation:10.00am – 12.00pm
Presentation: 10.00am – 12.00pm
