WAM Alternative Assets Ltd · ASX:WMA
WAM Alternative Assets — Investor Presentation (October 2026)
15 slides from WAM Alternative Assets's investor presentation, October 2026
Slide 1: WAM Alternative Assets (ASX: WMA)
WAM Alternative Assets (ASX: WMA)
Slide 2: Disclaimer
Disclaimer Wilson Asset Management and their related entities and each of their respective directors, officers and agents (together Disclosers) the have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to the accuracy, complete
Slide 3: Unique opportunities beyond traditional assets
Unique opportunities beyond traditional assets WAM Alternative Assets is The Company’s investment the only listed investment objectives are to: company on the ASX that offers investors access to a diversified portfolio of alternative assets, typically Consistently deliver absolute returns through a
Slide 4: Benefits of WAM Alternative Assets – Its role in a portfolio
Benefits of WAM Alternative Assets– Its role in a portfolio Access to investments typically accessible only by Potential to achieveexcess returns over institutional investors traditional asset classes Absolute returns less correlated to traditional LIC structure enablesliquidity via ASX assets Poten
Slide 5: Investment portfolio performance
Investment portfolio performance At 30 June 2026* 14.0% +8.9%* 13.2% Investment portfolio performance 12.2% per annum since the appointment of 12.0% Wilson Asset Management(Oct-20) 8.9% 10.0% 9.1% 8.0% 6.5% 24 5.1% 5.3% Exits achieved since the 6.0% appointment of Wilson Asset Management as Investme
Slide 6: Investment portfolio
Investment portfolio At 31 August 2026 1.3% 4.1% 6.6% 8.3% 38.2% 11.3% August 2026 15.0% 15.2% Private Equity: 38.2% Real Estate: 15.2% Infrastructure: 15.0% Water: 11.3% Private Debt: 8.3% Agriculture: 6.6% ^Total capital commitments were 19.0% as at 31 August 2026. Capital commitments are amounts
Slide 7: Best in class investment partners
Best in class investment partners At 31August 2026 – on a fully deployed basis 60% Growth Defensive 50% 40% 30% 20% 10% 0% Private Equity Real Estate Infrastructure Water Agriculture Private Debt Includes undrawn capital commitments to various closed -end strategies, which are expected to be called
Slide 8: WMA's Maturing Growth Portfolio at June 2026
WMA’s Maturing Growth Portfolio at 30 June 2026 24 exits 28.3% Since the appointment of WAMI as Weighted average premium to net Investment Manager tangible assets (NTA) value on exit 6.9 4.0 3.5 3.0 2.5 Carrying Value 2.0 1.5 1.0 0.5 0.0 2021 2022 2023 2024 2025 2026 Vintage 8
Slide 9: A portfolio focused on "boring" and resilient businesses
A portfolio focused on “boring” and resilient businesses A leading Australian manufacturer and wholesaler of An Australian fire protection provider specialising in the industrial fasteners, bolts, screws and hardware for the end-to-end design, installation, maintenance and construction, mining and t
Slide 10: Water – an outlook for growth
Water– an outlook for growth Dry conditions, horticultural expansion, aggressive bidding activity. Forecasted dry conditions, storage depletion, reduced supply via the Commonwealth Buyback. 10
Slide 11: Dividends
Dividends Since the appointment of Wilson Asset Management as Investment Manager (Oct -20) 35.1 cps Dividends paid since October 2020 Cents per share when including the value of franking 6.0 credits 5.0 6.1% 7.3% 4.0 6.0 5.0 3.0 3.0 Dividend yield* Grossed-up 4.0 3.0 2.5 2.6 2.0 dividend yield* 1.0
Slide 12: Critical elements of a successful LIC
Critical elements of a successful LIC Performance Engagement Investment portfolio performance. Regular engagement with our shareholders. This measures the growth of the A comprehensive acknowledgement, underlying portfolio of equities and engagement, communication and education cash before expenses,
Slide 13: The opportunity
The opportunity 18.0% $1.2 $0.214 $1.0 Share price discount to Net Tangible Assets $0.8 $1.1886 $0.975 $0.6 Net Tangible Assets per share at 31 August 2026 $0.975 $0.4 Share price (ASX: WMA) at 30 Sept 2026 $0.2 $- WMA 13
Slide 14: WAM's track record of closing discounts – WAM Global
WAM’s track record of closing discounts – WAM Global WGB Premium / Discount 15% 10% 5% - Total Shareholder Return (TSR) of 22.1% -5% in the 12 months to 30 June 2025. -10% Years of discount: 4 -15% Reasons for discount narrowing: -20% - Tightening share register - Increased shareholder engagement -2
Slide 15: Q&A
Q&A Join more Get in touch [email protected] (02) 9247 6755 than 100,000 www.wilsonassetmanagement.com.au weekly readers Subscribe to our investmentandmarketinsights
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