WAM Research Ltd. · ASX:WAX
WAM Research — Investor Presentation (May 2018)
27 slides from WAM Research's investor presentation, May 15, 2018
Slide 1: For personal use only
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Slide 2: May 2018 Shareholder Presentation
For personal use only May 2018 Shareholder Presentation
Slide 3: Disclaimer
For personal use only Disclaimer Wilson Asset Management and their related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to
Slide 4: Is the end near?
Is the end near? For personal use only Page 4
Slide 5: Forecasting dramatic events is a waste of time
For personal use only “Forecasting dramatic events is a waste of time.” Prof Bruce C. N. Greenwald, PhD Columbia University 5 May 2018 Omaha, Nebraska A leading authority of value investing Page 5
Slide 6: Global opportunities
Global opportunities For personal use only Navigating Rising interest Rising Chinese peaks in the rates and and Indian global growth volatility middle class cycle eCommerce AI and Electrification and mobility automation Page 6
Slide 7: Investing in undervalued international growth companies
For personal use only Investing in undervalued international growth companies Register for updates at wilsonassetmanagement.com.au/global
Slide 8: Domestic economic growth remains below trend
For personal use only Domestic economic growth remains below trend
Slide 9: Advertising spend moves from digital back to traditional
Advertising spend For personal use only moves from digital back to traditional Page 9
Slide 10: For personal use only
For personal use only ASX ASX ASX ASX ASX SVW ASL SCO NEC GDG ASX ASX ASX ASX IMD IDX AOG CGR
Slide 11: Financial Services Royal Commission
Financial Services For personal use only Royal Commission Page 11
Slide 12: Central Bank assets
Central Bank assets For personal use only 12m change in central bank assets (USDbn - at current FX rates) 3000 United States Japan Euro Zone United Kingdom Switzerland China Russia Brazil India Total 2500 2000 1500 1000 500 0 -500 -1000 Page 12 2012 2013 2014 2015 2016 2017 2018
Slide 13: The bears are coming for Goldilocks
The bears are coming for Goldilocks For personal use only Page 13
Slide 14: Too soon to exit
Too soon to exit For personal use only Page 14
Slide 15: Mission almost accomplished. Will it be OPEC 2.0?
Mission almost accomplished. Will it be OPEC 2.0? For personal use only Page 15
Slide 16: For personal use only
For personal use only ASX ASX ASX ASX ASX BHP WOW STO ORG JHX ASX ASX ASX ASX ASX ASX WPL RIO MQG EVN QBE Page 16
Slide 17: Increased volatility and mispricing opportunities
For personal use only Increased volatility and mispricing opportunities provide a fertile ground for investing Page 17
Slide 18: How we will invest
How we will invest For personal use only SELLING SCREEN RATE BUY SELLING SELL investment Qualitative Quantitative when a catalyst when our valuation when valuation when valuation universe for value management, forecast EPS growth is identified is reached is reached & growth industry & valuation is r
Slide 19: United States
United States For personal use only Economic tailwinds and mispricing opportunities Page 19
Slide 20: Europe outlook
Europe outlook For personal use only Political challenges hide quality companies Page 20
Slide 21: Japan outlook
Japan outlook For personal use only Green shoots follow two “lost” decades Page 21
Slide 22: Open for applications
For personal use only Open for applications wilsonassetmanagement.com.au/global Page 22
Slide 23: An exclusive offer
An exclusive offer For personal use only Strictly limited to Key dates $550m Priority allocation $165m Priority and general offers to close to the WAM family 8 June 2018 Issue price Broker firm close (no options) $2.20 1 June 2018 Raising up to Oversubscriptions The investment manager will pay + Sha
Slide 24: Investment & management team
Investment & management team For personal use only Geoff Wilson AO Kate Thorley Chris Stott Catriona Burns CFA Matthew Haupt CFA Martin Hickson Oscar Oberg CFA BSc GMQ FFINSIA FAICD BCom CA GAICD BBus GradDipAppFin MFINSIA BCom MAppFin FFINSIA BCom GradDipAppFin BBus BComp MAppFin LLB BBus Chairman
Slide 25: Sign our petition to maintain the dividend imputation system
Sign our petition to maintain the For personal use only current dividend imputation system wilsonassetmanagement.com.au/petition Page 25
Slide 26: For personal use only
For personal use only Page 26
Slide 27: Contact us
Join more than For personal use only 35,000 weekly readers wilsonassetmanagement.com.au Contact us [email protected] Q&A (02) 9247 6755 Page 27