Spheria Emerging Cos. Ltd. · ASX:SEC
Spheria Emerging Cos — H1 2022 Earnings Presentation
17 slides from Spheria Emerging Cos's earnings presentation, Mar 2, 2022
Slide 1: Shareholder webinar reminder and presentation on half-year results
Spheria Emerging Companies Limited (Company) Level 35, 60 Margaret Street For personal use only Sydney NSW 2000 Telephone: 1300 010 311 Email: [email protected] ACN 621 402 588 2 March 2022 By Electronic Lodgement Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 D
Slide 2: Half-year 1HFY22 Results & Portfolio Update
For personal use only Spheria Emerging Companies Limited (ASX:SEC) Half-year 1HFY22 Results & Portfolio Update 2 March 2022
Slide 3: Disclaimer
Disclaimer For personal use only Note: Past performance is not a reliable indicator of future Subject to any liability which cannot be excluded under the information is not intended as a securities recommendation or performance. relevant laws, SEC and Spheria disclaim all liability to any person s
Slide 4: Agenda
3 Agenda For personal use only 1. SEC Company update 2. Portfolio update 3. Questions 3
Slide 5: SEC
For personal use only 4 SEC Company update
Slide 6: Half-year 1HFY22 Highlights
5 Half-year 1HFY22 Highlights For personal use only 1HFY22 profit Company Yield (including Dividends2 Yield performance1 franking) $9.6m +8.1% 5.1c 4.0%3 5.8%4 • 1HFY22 net profit after tax of $9.6m • Company performance of +8.1%, Portfolio outperformance of +2.7% • Two quarterly dividends declared
Slide 7: NTA breakdown for 1HFY22
6 NTA breakdown for 1HFY22 For personal use only $2.90 $2.85 + $0.211 - $0.032 - $0.004 - $0.075 $2.80 $2.75 $2.699 $2.70 $2.65 $2.599 $2.60 $2.55 $2.50 Pre-tax NTA Portfolio Tax provided or Company Dividends paid Pre-tax NTA 1 July 2021 performance paid expenses 31 Dec 2021 Source: Spheria Emerging
Slide 8: SEC share price vs NTA
For personal use only 7 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 $2.50 $3.00 30-Nov-17 $2.75 31-Dec-17 31-Jan-18 28-Feb-18 31-Mar-18 30-Apr-18 Source: Spheria Emerging Companies, Bloomberg 31-May-18 30-Jun-18 31-Jul-18 31-Aug-18 SEC share price vs NTA 30-Sep-18 31-Oct-18 30-Nov-18 31-Dec-18 31-Jan-19 28-
Slide 9: Dividends
8 Dividends 1HFY22 – two quarterly dividends paid totaling 5.1c For personal use only • September 2021 (2.5c) and December 2021 (2.6c) quarterly dividends, equivalent to 1% of the post-tax NTA at the quarter-end • Total dividends since IPO of 29.1 cents per share SEC Dividend History 6 5 Final Final
Slide 10: Dividends: 4% cash dividend yield target, paid quarterly
9 Dividends 4% cash dividend yield target, paid quarterly For personal use only • Higher dividend: Target of 4% of post-tax NTA p.a. (5.8% including franking) puts SEC in top half of Australian Equity LICs • More regular dividend: Paid quarterly. Quarterly dividends already declared and paid for Sep
Slide 11: Portfolio update
For personal use only 10 Portfolio update
Slide 12: Performance History
11 Performance History Investment performance update For personal use only SEC Company performance Performance as at 31st Jan 2022 Period 1 month 3 month 6 month 1 year 3 year (pa) Since Inception (pa) Inception Date SEC Company performance -7.7% -7.7% -0.2% 15.2% 13.6% 9.7% 30/11/2017 S&P/ASX Small
Slide 13: Portfolio Performance since IPO
12 Portfolio Performance since IPO For personal use only 80.0% SEC Portfolio - Net Performance* since Inception Spheria 60.0% Index Relative Performance 40.0% 20.0% 0.0% -20.0% -40.0% Jul-21 Jan-18 Mar-18 May-18 Jul-18 Jan-19 Mar-19 May-19 Jul-19 Jan-20 Mar-20 May-20 Jul-20 Jan-21 Mar-21 May-21 Jan-
Slide 14: SEC key stock contributors – months to December 2021
13 SEC key stock contributors – 6 months to December 2021 For personal use only Source: Spheria Emerging Companies 13 Blue = owned in SEC portfolio. Pink = not owned in the SEC portfolio but part of the benchmark.
Slide 15: SEC Top holdings
14 SEC Top 10 holdings For personal use only Spheria Emerging Companies Ltd as of 31st January 2022 Company Name % Portfolio Invocare 4.8 Flight Centre 4.7 Michael Hill 4.6 Class 4.5 Blackmores 4.1 Seven West Media 3.9 IRESS 3.9 Adbri 3.7 H,t&E 3.4 Bega Cheese 3.3 Top 10 40.8 Source: Spheria Emergin
Slide 16: Outlook
15 Outlook For personal use only • Despite the rally the share market remains inefficient providing significant opportunities • Rising inflation and higher interest rates bode well for valuation centric investors • The easy gains from buying the growth narrative at any price has disintegrated • Tort
Slide 17: Questions
For personal use only 16 Questions
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