Spheria Emerging Cos. Ltd. · ASX:SEC
Spheria Emerging Cos — Shareholder Meeting (November 2020)
21 slides from Spheria Emerging Cos's shareholder meeting presentation, Nov 25, 2020
Slide 1: 2020 Annual General Meeting
For personal use only Spheria Emerging Companies Limited ASX : SEC 2020 Annual General Meeting 25 November 2020
Slide 2: Agenda
2 For personal use only Agenda 1. Chairman’s Address 2. Formal Business 3. Investment Update and Q&A (from 10:30am)
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 Objectives
5 Chairman’s Address Investment Objectives 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 • prov
Slide 6: Company Details
6 Chairman’s Address Company Details For personal use only Manager Shares1 Spheria Asset Management Outstanding 61,259,696 Price $1.68 Board of Directors Market capitalisation $102.9m • Jonathan Trollip (Chairman) NTA2 • Lorraine Berends Pre-tax (Which includes tax provided for $1.965 on realised ga
Slide 7: Dividends
7 Chairman’s Address Dividends For personal use only • Final dividend of 2.5 cents per share • Annual dividend of 5.5c per share equivalent to a yield of 3.3%11or 4.7% grossed up for franking • Commitment to pay at least 6.0c per share of annual dividends in FY2021 and FY2022 (100% franked) Final di
Slide 8: NTA movements since IPO
8 Chairman’s Address NTA movements since IPO For personal use only $2.25 + $0.190 - $0.079 $2.20 $2.15 - $0.019 - $0.155 $2.10 $2.05 $2.000 $2.00 + $0.028 $1.965 $1.95 Final dividend $1.90 (100% Interim franked) $1.85 dividend Pre-tax NTA - Portfolio Inceptionperformance Tax provided or Company paid
Slide 9: Company Performance
9 Chairman’s Address Company Performance For personal use only Company Performance1 • 3.1% annualised from inception to 31 October 2020 Inception 1 month 6 months 1 year 2 years p.a. p.a. Company 1.8% 21.3% -2.5% 3.2% 3.1% Benchmark2 0.5% 15.1% -2.4% 5.7% 3.3% TSR Performance3 • -2.7% annualised fro
Slide 10: Initiatives to close the discount to NTA
10 Chairman’s Address Initiatives to close the discount to NTA For personal use only The Board acknowledges the current discount to NTA and is concerned about this unsatisfactory position and remains committed to addressing the discount to NTA. • Already executed $7.7m (7.7% of total shares in issue
Slide 11: Shareholder Engagement
11 Chairman’s Address Shareholder Engagement For personal use only Regular shareholder Daily NTA Half & full year email updates announcement and financial results monthly updates Website Media Conference Spheria.com.au presentations
Slide 12: Formal Business
12 For personal use only Formal Business Mr Jonathan Trollip
Slide 13: Financial statements and reports
13 Formal Business Financial statements and reports For personal use only Consideration of financial statements and reports
Slide 14: Resolution: Adoption of the Remuneration Report
14 Formal Business Resolution 1 For personal use only Adoption of the Remuneration Report To consider and, if thought fit, to pass the following resolution: “That the Remuneration Report of the Company for the financial year ended 30 June 2020 be adopted.”
Slide 15: Resolution - Proxies
15 Formal Business Resolution 1 - Proxies For personal use only Shares Voted For 5,777,831 93.55% Open 90,637 1.47% Against 307,402 4.98% Abstain 104,550
Slide 16: Resolution: Re-election of Lorraine Berends as a director
16 Formal Business Resolution 2 For personal use only Re-election of Lorraine Berends as a director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Lorraine Berends, who retires by rotation in accordance with rule 6.7 of the Company’s Constitutio
Slide 17: Resolution - Proxies
17 Formal Business Resolution 2 - Proxies For personal use only Shares Voted For 4,255,578 67.18% Open 110,637 1.75% Against 1,968,504 31.07% Abstain 20,702
Slide 18: Formal Business Q&A
18 For personal use only Formal Business Q&A
Slide 19: Investment Manager Update
19 For personal use only Investment Manager Update
Slide 20: Thank you for joining us
20 For personal use only Thank you for joining us SEC Shareholder Enquiries For general information and investment For investment enquiries please contact Pinnacle enquiries please contact the Share Registry, Automic. T: 1300 010 311 T: 1300 288 664 E: [email protected] E: [email protected]
Slide 21: Disclaimer
21 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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