Mirrabooka Investments Ltd · ASX:MIR
Mirrabooka Investments — Investor Presentation (March 2021)
23 slides from Mirrabooka Investments's investor presentation, Mar 18, 2021
Slide 1: Teleconference/Webcast Presentation
18 March 2021 For personal use only The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement Mirrabooka Investments Limited Teleconference/ Webcast Presentation Please find attached the presentation to be given
Slide 2: Shareholder Presentation
Shareholder Presentation 18 March 2021 For personal use only
Slide 3: Disclaimer
Disclaimer Mirrabooka Investments Limited and Australian Investment Company Services Limited (AFSL: 303209), its For personal use only related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in
Slide 4: Objectives
Objectives For personal use only Shareholder Meeting March 2021 3
Slide 5: Our approach
Our approach For personal use only Shareholder Meeting March 2021 4
Slide 6: Half Year in Summary; Share Purchase Plan
For personal use only Half Year in Summary Share Purchase Plan Shareholder Meeting March 2021 5
Slide 7: Six Months to December 2020 in Summary
Six Months to 31 December 2020 in Summary For personal use only *Assumes an investor can take full advantage of the franking credits Shareholder Meeting March 2021 6
Slide 8: Support for the Share Purchase Plan was strong
Support for the Share Purchase Plan was strong For personal use only Raised $38.9 million 28% of shareholders participated with an average contribution of $19,300 Issue price of shares was $3.10 per share noting that the new shares, MIRNA, are eligible for fifty per cent of the final dividend
Slide 9: Long term share price returns (with franking)
Long term share price returns (with franking) – 10 years to 28 February 2021 For personal use only Assumes an investor can take full advantage of the franking credits Shareholder Meeting March 2021 8
Slide 10: Share price premium/discount to NTA
Share price premium/discount to NTA For personal use only Shareholder Meeting March 2021 9
Slide 11: The Market and Portfolio
For personal use only The Market and Portfolio Shareholder Meeting March 2021 10
Slide 12: What a turnaround from this time last year
What a turnaround from this time last year when we were having this meeting at near the bottom of the market For personal use only Combined S&P/ASX Small Ordinaries and Mid Cap 50 Accumulation Indices Shareholder Meeting March 2021 11
Slide 13: Importance of taking a long term view
This is what we said last year; the importance of taking a long term view: Mirrabooka’s portfolio (NTA) return history – including For personal use only dividends and full benefit of franking Worst and best returns over 1 year: Update 1 year later Worst – November 2007 to November 2008: -40.7% 1 y
Slide 14: Portfolio Performance to February 2021
Portfolio Performance to 28 February 2021 For personal use only Shareholder Meeting March 2021 13
Slide 15: Larger positions have performed strongly despite recent rotation
Some of the portfolio’s larger positions have performed strongly, although the recent rotation in the market has seen a small pull- back in these stocks – we remain confident in these holdings For personal use only 12 month return to 31/1/2021 Average return 1/2/2021 to 5/3/2021 Greater than 100% -1
Slide 16: Portfolio at February 2021 (Excluding Cash)
Portfolio at 28 February 2021 (Excluding Cash) Diversification of the Portfolio Top 10 Holdings For personal use only – 58 Holdings in Total Rank Company % of Portfolio 1 Mainfreight 6.1% 2 ARB Corporation 4.9% 3 Macquarie Telecom Group 4.6% 4 Reece 4.2% 5 Breville Group 3.3% 6 Qube Holdings 3.0% 7
Slide 17: Portfolio at February 2021 (Excluding Cash) continued
Portfolio at 28 February 2021 (Excluding Cash) continued Diversification of the Portfolio Top 10 Holdings For personal use only – 58 Holdings in Total Rank Company % of Portfolio 11 James Hardie Industries* 2.5% 12 Carsales.com 2.4% 13 IRESS 2.4% 14 Seek 2.3% 15 Invocare 2.3% Pinnacle Investment Man
Slide 18: Some proceeds of SPP have been invested across a number of companies
Some proceeds of SPP have been invested across a number of companies For personal use only Dominos Pizza Shareholder Meeting March 2021 17
Slide 19: Reporting season in small/mid cap sector
Reporting season in small/mid cap sector Profit results generally exceeded expectations: For personal use only Driven by revenue resilience (growth in some sectors) and lasting benefit of cost reduction initiatives in response to COVID downturn Outlook commentary more confident than August reporti
Slide 20: Considerations for some Mirrabooka holdings in a post COVID period
Considerations for some Mirrabooka holdings in a post COVID period. Short Term Long Term For personal use only How significantly will hospital hardware Will the increased installed hardware base result in a sales decline post peak ICU COVID step change in consumable product demand? patient treatment
Slide 21: Closing Remarks
For personal use only Closing Remarks Shareholder Meeting March 2021 20
Slide 22: Questions
For personal use only Questions Shareholder Meeting March 2021 21
Slide 23: Mirrabooka Investments Limited
For personal use only mG 1 MIRRABOOKA Investments Limited
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