Spheria Emerging Cos. Ltd. · ASX:SEC
Spheria Emerging Cos — Shareholder Meeting (November 2019)
18 slides from Spheria Emerging Cos's shareholder meeting presentation, Nov 6, 2019
Slide 1: Spheria Emerging Companies Limited Annual General Meeting
For personal use only Spheria Emerging Companies Limited ASX : SEC Annual General Meeting 6 November 2019
Slide 2: Agenda
2 For personal use only Agenda 1. Chairman’s Address 2. Formal Business 3. Investment Update and Q&A (from 11:15am)
Slide 3: Chairman's Address
3 For personal use only Chairman’s Address Mr Jonathan Trollip
Slide 4: Overview: The Company and The Manager
4 Chairman’s Address Overview For personal use only The Company The Manager Spheria Emerging Companies Spheria Asset Limited (ASX: SEC) Management Limited • SEC offers investors access to an • Believes free cash flow drives actively managed Australian and New valuations in the medium to long term Ze
Slide 5: Investment Objective
5 Chairman’s Address Investment Objective For personal use only The Company’s investment objectives are to: • outperform the benchmark, the S&P/ASX Small Ordinaries Accumulation Index, over each full investment cycle (which the Manager considers to be a period of typically 3 to 5 years); and • provi
Slide 6: Company Details
6 Chairman’s Address Company Details For personal use only Manager Shares1 Spheria Asset Management Outstanding 65,051,651 Price $1.67 Board of Directors Market capitalisation $108.6m • Jonathan Trollip (Chairman) NTA2 • Lorraine Berends Which includes tax provided for on $2.060 realised gains • Adr
Slide 7: Dividends
7 Chairman’s Address Dividends For personal use only The Company aims to pay fully franked dividends from the portfolio income at least annually, subject to available profits, cash flow and franking credits. Dividend History 5 FY2019 Final Dividend 4 cents 4 cents 4 Amount 4.0 cents per share Cents
Slide 8: Company Performance
8 Chairman’s Address Company Performance For personal use only NTA Performance1 • 3.7% annualised from listing date to 30 September 2019 (from $2.00 at inception to $2.037, with dividends paid of $0.10 during the period). 6 months 1 year Inception p.a. Company 2.5% -0.6% 3.7% Benchmark2 7.0% 3.9% 7.
Slide 9: Initiatives to close the discount to NTA
9 Chairman’s Address Initiatives to close the discount to NTA For personal use only • Investor communication – more regular insights and video updates, Pinnacle listed products investor relations team Shareholder engagement • Investor events - Pinnacle Listed Investments Summit, manager roadshow, in
Slide 10: Shareholder Engagement
10 Chairman’s Address Shareholder Engagement For personal use only Regular shareholder Weekly NTA Half & full year email updates announcement and financial results monthly updates Website Media Conference spheria.com.au presentations
Slide 11: Formal Business
11 For personal use only Formal Business Mr Jonathan Trollip
Slide 12: Financial Statements
12 Formal Business Financial Statements For personal use only • Financial Statements of the Company for the year ended 30 June 2019, together with the Directors’ Report and the Auditor’s Report as set out in the 2019 Annual Report.
Slide 13: Resolution: Adoption of the Remuneration Report
13 Formal Business Resolution 1 For personal use only 1. Adoption of the Renumeration Report • To consider and, if thought fit, to pass the following resolution: “That the Renumeration Report of the Company for the financial year ended 30 June 2019 be adopted.”
Slide 14: Resolution - Proxies
14 Formal Business Resolution 1 - Proxies For personal use only Shares Voted For 528,683 69.52% Open 87,757 11.54% Against 144,081 18.94% Abstain 944,164
Slide 15: Resolution: Re-election of Jonathan Trollip as Director
15 Formal Business Resolution 2 For personal use only 1. Re-election of Jonathan Trollip as Director • To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Jonathan Trollip, who retires by rotation in accordance with rule 6.7 of the Company’s Constitu
Slide 16: Resolution - Proxies
16 Formal Business Resolution 2 - Proxies For personal use only Shares Voted For 1,573,700 93.80% Open 82,757 4.93% Against 21,200 1.26% Abstain 77,028
Slide 17: Thank you for joining us
17 For personal use only Thank you for joining us SEC Shareholder Enquiries For general information and investment enquiries please contact the Share Registry. T: 1300 288 664 E: [email protected]
Slide 18: Disclaimer
18 Disclaimer For personal use only Note: Past performance is not a reliable indicator of future performance. Spheria Asset Management Pty Ltd (“Spheria”) ABN 42 611 081 326, a corporate authorised representative (No. 1240979) of Pinnacle Investment Management Limited (“PIML”) ABN 66 109 659 109, AF
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