PRIVATE & - - PowerPoint PPT Presentation

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PRIVATE & - - PowerPoint PPT Presentation

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PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

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SLIDE 1

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

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SLIDE 2

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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Good & Clean Portfolio (Mid-Cap Focussed) Coffee Can Portfolio (Large-Cap Focussed) Emerging Giants: G&C Small Cap (Small-Cap Focussed)

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SLIDE 3

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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SLIDE 4

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Source: Bloomberg, Company, Ambit Capital

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SLIDE 5

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Source: Ambit Capital

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SLIDE 6

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SLIDE 7

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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“Which company’s stock should I buy?” “For how long should I hold this stock?”

Type 1:

Volatile earnings (could be due to external or internal factors)

Type 2:

Consistent earnings

Type 1:

Time it well

Type 2:

Forever (as long as its competitive strengths sustain)

Source: Bloomberg, Company, Ambit Capital

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SLIDE 8

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

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SLIDE 9

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SLIDE 10

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SLIDE 11

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

//

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1 Year 3 Year 5 Year 7 Year 10 Year Upper Bound of 95% 96% 49% 38% 36% 33% Median 21% 23% 23% 23% 24% Mean 28% 24% 24% 24% 24% Lower Bound of 95%

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0% 10% 11% 15% 28% 24% 24% 24% 24%

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0% 20% 40% 60% 80% 100% 120%

Shareholder returns for 95% confidence interval (CAGR %)

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SLIDE 12

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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.. #; (;67 1 Year 3 Year 5 Year 7 Year 10 Year 1 Year 3 Year 5 Year 7 Year 10 Year 1 Year H. 2

Grey = Sensex Red = Coffee Can Blue = 10 yr Govt bond Bubble size = Holding period

Worst quadrant – high risk and low return Best quadrant – low risk and high return

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SLIDE 13

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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Stock delivered positive returns while Sensex was negative Stock delivered negative returns while Sensex was positive

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NEGATIVE RETURNS POSITIVE RETURNS FY98 FY05 FY07 FY08 FY94 FY97 FY11 FY00 FY95 FY99 FY14 FY04 FY93 FY03 FY02 FY96 FY17 FY06 FY09 FY01 FY12 FY16 FY13 FY18 FY15 FY10 Less than

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0% to +10% +10% to +20% +20% to +30% >> +30% NEGATIVE RETURNS POSITIVE RETURNS FY94 FY00 FY02 FY04 FY95 FY06 FY93 FY96 FY05 FY08 FY03 FY98 FY11 FY10 FY97 FY16 FY07 FY12 FY13 FY09 FY99 FY01 FY18 FY14 FY17 FY15 <<

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SLIDE 14

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SLIDE 15

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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* Return for period starting July 2016 is absolute return till Feb 2017 ** Return from inception till Feb 2017 *** TSR = Total Shareholder Return which assumes that dividends received are reinvested

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*From July 2014 to Feb 2017

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SLIDE 16

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SLIDE 17

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SLIDE 18

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Overview Business Verticals Global Partnerships

ASSET MANAGEMENT

  • Portfolio Management Services

CORPORATE FINANCE

  • Mergers & Acquisitions (M&A) and Divestures
  • Alternative Capital Raising
  • Equity Capital Markets (ECM)

INSTITUTIONAL EQUITIES

  • Differentiated research/Bespoke strategies
  • Derivatives and Technical analysis
  • Block Trading

PRIVATE WEALTH

  • Proprietary Investment Products
  • Open Architecture Model
  • Asset Allocation, Tax and Estate Planning

SME FINANCE

  • Small Business Loans
  • Loans against Properties

STRUCTURED FINANCE

  • Lending Solutions
  • Loan Syndication

PRINCIPAL INVESTMENT

  • Investing in high potential value discovery stories
  • Small-Cap and Mid-Cap Public Companies
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SLIDE 19
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SLIDE 20

PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION

Ambit Capital Pvt. Ltd.

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Mean revert (42%) Remain in top quartile (35%) Remain in top quartile (36%) Mean revert (45%)

  • Alpha of MFs for 1-year-rolling has shrunk

from 6.5% (pre 2010) to 3.2% (post 2010)

  • Alpha of MFs for 10-year-rolling has shrunk

from 4.1% (pre 2010) to 0% (post 2010)

  • Half of the top performing mutual funds

mean revert every 3 years

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SLIDE 22

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SLIDE 23

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