Morphic Ethical Equities Fund Ltd. · ASX:MEC
Morphic Ethical Equities Fund — Shareholder Meeting (December 2020)
24 slides from Morphic Ethical Equities Fund's shareholder meeting presentation, Dec 4, 2020
Slide 1: AGM Chairman's Address and Presentation
ASX: MEC 4 December 2020 For personal use only Market Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 AGM Chairman’s Address and Presentation Please find attached the following documents to be delivered at MEC’s AGM today: - Chairman’s address; and - AGM Presen
Slide 2: 2020 Annual General Meeting – Chairman's Address
2020 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS For personal use only Good morning ladies and gentlemen. On behalf of the Board, I would like to welcome all Morphic Ethical Equities Fund shareholders, invited guests and other visitors to our 2020 Annual General Meeting. My name is Joanna Fisher and
Slide 3: For personal use only
At that time, if you are eligible to vote at this meeting, a new polling icon will appear. Selecting this icon will bring up a list of resolutions and present you with voting options. To cast your vote simply select one of the options. There is no need to hit the submit or enter button as the vote i
Slide 4: Resolution 2 – Re-election of Director
If there are no further questions, I will ask you to complete your voting on Resolution 1. We will move to the next item of business. RESOLUTION 2 – RE-ELECTION OF DIRECTOR The next item of business to consider and if thought fit to pass the following resolution “That Mr Mark Forstmann, who retires
Slide 5: December 2020
For personal use only Global Responsible Investors December 2020 1 Global Responsible Investors
Slide 6: AGM Agenda
AGM Agenda For personal use only • Consideration of Financial Statements and Reports • Resolution 1: Remuneration Report • Resolution 2: Re-election of Mark Forstmann as a Director • Portfolio Update 2 Global Responsible Investors
Slide 7: For personal use only
For personal use only 3 Global Responsible Investors
Slide 8: Online Attendees – Question Process
Online Attendees – Question Process For personal use only • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and the press the send arrow • Your question will be sent immedia
Slide 9: Online Attendees – Voting Process
Online Attendees – Voting Process • When the poll is open, the vote will be For personal use only accessible by selecting the voting icon at the top of the screen • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour. • There is no su
Slide 10: Company Results
Company Results For personal use only Company Performance Dividends Year ended Year ended Amount 30 September 2019 30 September 2020 Pre-Tax Operating Profit $ 1.96m $ 3.50m Total Dividend 2020 2.5 c per share Post-Tax Operating Profit Interim Dividend $ 1.41m $ 2.43m 1 c per share (Payment date: 31
Slide 11: Financial Statements
Financial Statements For personal use only To receive the Financial Report, Directors’ Report and Auditor’s Report for the Company for the financial year ended 30 September 2020. There is no requirement for shareholders to approve these reports. 7 Global Responsible Investors
Slide 12: Resolution – Remuneration Report
RESOLUTION 1 – Remuneration report For personal use only “That the Remuneration Report of the Company (which forms part of the Directors' Report) for the financial year ended 30 September 2020 be adopted.” 8 Global Responsible Investors
Slide 13: Resolution – Re-election of Mark Forstmann
RESOLUTION 2 – Re-election of Mark Forstmann For personal use only “That Mr Mark Forstmann, who retires by rotation in accordance with rule 6.7 of the Company’s Constitution and, being eligible, offers himself for re-election, be re-elected as a director of the Company.” 9 Global Responsible Investo
Slide 14: For personal use only
For personal use only 10 Global Responsible Investors
Slide 15: Positioning Considerations
Positioning Considerations Blue Wave For personal use only • Increase Corporate Tax to 28% • Increased Regulations • Aggressive Fiscal Stimulus potentially >$3.0tr • Accelerate Climate Agenda Blue Ripple • Minimal change to Tax • Minimal Regulatory change • Fiscal Stimulus dependent on economy and v
Slide 16: Positioning Considerations: Covid-19 Cases Spiking
Positioning Considerations Covid-19 Cases Spiking in Northern Hemisphere For personal use only COVID-19 daily new cases in US COVID-19 daily new cases in Europe ex UK COVID-19 daily new cases in UK 200,000 300,000 35,000 180,000 250,000 30,000 160,000 140,000 25,000 200,000 120,000 20,000 100,000 15
Slide 17: Positioning Considerations: Positive Vaccine News
Positioning Considerations Positive Vaccine news For personal use only • Pfizer/BioNTech 90% efficacy • Longer term data required • Pfizer shots need to be stored at -70°C or cooler – logistics • Will still take several months for distribution 13 Global Responsible Investors
Slide 18: Positioning Considerations: Current Backdrop
Positioning Considerations Current Backdrop For personal use only Political Gridlock in the US Accommodative Central Banks Prospects of further fiscal stimulus Further vaccine progress Economic rebound much quicker than expected Χ Risks of further lockdowns Χ Stimulus may not get passed Χ
Slide 19: Portfolio Positioning
Portfolio Positioning • Global leader in the €200bn testing, inspection and certification For personal use only (TIC) market with dominant market share in many industries • 3 megatrends providing considerable opportunities, and all driven by sustainability • Q3 trading update provided an encouraging
Slide 20: Portfolio Positioning
Portfolio Positioning • Category leader in sustainable building products focused on recycling For personal use only plastic waste, preserving natural resources and utilizing energy- efficient manufacturing processes • Large, high growth markets benefitting from long-term material conversion, favorab
Slide 21: Portfolio Positioning
Portfolio positioning As at October 2020 by country, sector and stock For personal use only Stocks (Shorts) Theme Region Weighting Fujitsu Information Technology Asia Pacific 3.8% Assurant Inc Financials North America 3.7% Keysight Technologies Information Technology North America 3.7% New Oriental
Slide 22: Portfolio Positioning
Portfolio positioning As at October 2020 by country, sector and stock By Region By Sector For personal use only North America 52.8% 29.4% Information Technology Industrials 18.0% Asia Pacific 24.5% Consumer Discretionary 14.7% 16.0% Financials 10.7% Western Europe Communication Services 7.8% Africa
Slide 23: Morphic Asset Management
Morphic Asset Management Level 11, 179 Elizabeth St For further enquiries: Sydney 2000 For personal use only Investor Relations Team New South Wales Phone:+612 9021 7701 Australia Email: [email protected] Disclaimer: Unless specifically indicated, this presentation is for information purpose
Slide 24: For personal use only
For personal use only 20 Global Responsible Investors
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