WCM Global Growth Ltd. · ASX:WQG
WCM Global Growth — Investor Presentation (February 2019)
18 slides from WCM Global Growth's investor presentation, Feb 25, 2019
Slide 1: ASX cover letter and adviser roadshow schedule
Monday, 25 February 2019 The Manager ASX Market Announcements Australian Securities Exchange Limited For personal use only Melbourne VIC 3000 By e-Lodgement Dear Manager, WCM Global Growth Limited (ASX: WQG) Investor Presentation WCM Global Growth Limited (the Company or WQG) wishes to provide the a
Slide 2: WCM Global Growth Limited Investor Presentation
For personal use only WCM Global Growth Limited ASX code: WQG Investor Presentation February 2019
Slide 3: Executive Summary/Key Investment Highlights
Executive Summary/Key Investment Highlights • For personal use only Founded in 1976, WCM Investment Management (WCM) is a California-based specialist active global and emerging markets asset management firm with over $42 billion in funds under management. • WCM entered the Australian market in 2013
Slide 4: WCM Global Growth investment objectives
WCM Global Growth investment objectives For personal use only The company’s investment objectives are: WCM Global Growth Limited’s investment strategy is based upon WCM’s Quality Global Growth Composite1. (“QGG”) which has delivered cumulative 1. To exceed the portfolio’s benchmark, being the outper
Slide 5: Strong investment performance of LIC since inception
WCM Global Growth Limited performance For personal use only Strong investment performance of LIC since inception Performance1 MSCI ACWI Value Add Portfolio (%) (after management fees) (ex-Aus) (%) (%) 3 1 Month 4.03% 4.54% -0.51% 3 Months 1.39% -0.97% 2.36% 6 Months 0.64% -2.28% 2.92% 12 months 9.15
Slide 6: Top performing international LICs since June 2017
Top 2 performing international LICs since 30 June 2017 For personal use only WCM Global Growth Limited listed in June 2017. Since listing, its growth in NTA per share ranks second among the international equities strategy LICs that have been continuously listed over the same period. Change in NTA1.
Slide 7: Share price discount to NTA
Share price discount to NTA • Notwithstanding strong performance, WCM Global Growth Limited’s share price discount to NTA1. is the largest in the peer For personal use only group. • We believe that as the WCM brand continues to build in the Australian market, this discount should narrow. • The poten
Slide 8: Consistent NTA per share growth
Consistent NTA per share growth For personal use only With 19 months of monthly NTA reported, WCM Global Growth Limited has delivered monthly NTA per share gains 13 times against 6 declines. Two of those monthly declines occurred in the last quarter of CY2018 amidst the broad global equities market
Slide 9: ...and downside risk management
…and downside risk management Downside capture1. Downside buffering For personal use only For every 10% decline in the benchmark, the WCM Quality Global Growth Returns of the WCM Quality Global Growth strategy during years of negative benchmark performance strategy has fallen just 5.9% on average si
Slide 10: A proven world class investment manager with strong long-term outperformance
A proven world class investment manager with strong long-term outperformance For personal use only About WCM Investment Management • An independent asset management firm • 51 staff members, 28 of whom own 100% of the firm • Global and international equities specialist • Highly experienced decision m
Slide 11: A unique take on timeless investment principles
A unique take on timeless investment principles For personal use only Our investment strategy is driven by timeless principles: MOATS CULTURE TAILWINDS FOCUSED VALUATION Businesses with durable Great people, empowered Businesses Only best ideas; Great growth and growing competitive and engaged, defi
Slide 12: Focused investment process
Focused investment process For personal use only INITIAL UNIVERSE GROWTH FUNDAMENTAL PORTFOLIO CONSTRUCTION ALL NON-U.S. EQUITIES ANALYSIS ANALYSIS Basic Screens WCM Screens Individual Business Review Team Review ≥ $3.5 billion market cap High / rising ROIC Moat trajectory Diversification considerat
Slide 13: Top portfolio holdings of WCM Quality Global Growth Strategy
Top 10 portfolio holdings of WCM Quality Global Growth Strategy For personal use only INDUSTRY INDUSTRY COMPANY DESCRIPTION COMPANY DESCRIPTION (COUNTRY) (COUNTRY) Keyence Corp develops and manufactures industrial automation & inspection equipment First Republic Bank is an American bank and wealth m
Slide 14: Capital structure
Capital structure For personal use only Contango Asset Management distributes WCM’s Quality Global Growth Our security holders: Strategy in Australia via the WCM Global Growth Limited listed investment 2,638 WQG share holders company (ASX: WQG), the WCM Quality Global Growth (Quoted Managed 2,324 WQ
Slide 15: Active capital management to enhance shareholder value
Active capital management to enhance shareholder value For personal use only The board is committed to supporting shareholders through active capital management and efficient capital allocation • Share Buyback WCM Global Growth has bought back 1.46 million shares since the on-market share buyback co
Slide 16: WQG investor and adviser engagement
WQG investor and adviser engagement For personal use only Investor and adviser engagement is a critical part of the WCM Global Growth strategy • Recruitment of high quality • Moving to weekly reporting of distribution team NTA to increase investor • Targeted promotion to transparency independent adv
Slide 17: Contact
Contact For personal use only CONTANGO ASSET MANAGEMENT LIMITED (ASX:CGA) CONTANGO INTERNATIONAL LIMITED (INVESTMENT MANAGER) Marty Switzer Damian Craven Chief Executive Officer and Managing Director Head of Retail [email protected] [email protected] 0407 297 702 0408 908 544 www.c
Slide 18: Important Information
Important Information For personal use only This document has been prepared by Contango Investment Management Limited (CIM) ACN 617 319 123, AFSL no 237119 as the Investment Manager and WCM Global Growth Limited (ABN 69 617 281 268) (WQG) as the Investment Advisor. The document comprises of written
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