WAM Global (ASX: WGB) Initial public offering presentation - - PowerPoint PPT Presentation
WAM Global (ASX: WGB) Initial public offering presentation - - PowerPoint PPT Presentation
WAM Global (ASX: WGB) Initial public offering presentation Disclaimer This presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management) for use in conjunction with a verbal
Disclaimer This presentation has been prepared by MAM Pty Ltd and Wilson Asset Management (International) Pty Ltd (Wilson Asset Management) for use in conjunction with a verbal presentation and should be read in that context. This presentation Information for the graphs, charts and quoted indices contained in this presentation has been sourced from WAM Capital Ltd, WAM Leaders Ltd, WAM Research Ltd, WAM Active Ltd, WAM Microcap Ltd, Century Australia Investments Ltd and WAM Global Ltd unless otherwise stated. This presentation is proprietary to Wilson Asset Management. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Wilson Asset Management. The information in this presentation is only intended for Australian residents. The purpose of this presentation is to provide information only and the contents of the presentation do not purport to provide investment or financial advice. We strongly suggest that investors consult a financial advisor prior to making any investment
- decision. The presentation does not take into account the investment objectives, financial situation or particular needs of any person and should not be
used as the basis for making investment, financial or other decisions. The information is selective and may not be complete or accurate for your particular purposes and should not be construed as a recommendation to invest in any particular investment or security, or listed investment company offered by Wilson Asset Management. The information provided in this presentation is given in good faith and is believed to be accurate at the time of compilation. Neither Wilson Asset Management, WAM Capital Ltd, WAM Leaders Ltd, WAM Research Ltd, WAM Active Ltd, WAM Microcap Ltd, Century Australia Investments Ltd and WAM Global Ltd nor their respective directors or employees (Wilson Asset Management parties) make any representation or warranty as to the accuracy, reliability, timeliness or completeness of the information. To the extent permissible by law, Wilson Asset Management parties disclaim all liability (whether arising in contract, tort, negligence or otherwise) for any error, omission, loss or damage (whether direct, indirect, consequential or
- therwise). Performance figures quoted in the report are past performance. Past performance is not an indicator of future performance. None of the Wilson
Asset Management parties guarantee or make any representation as to the performance of the listed investment companies, the maintenance or repayment
- f capital, the price at which shares may trade or any particular rate of return. This presentation includes “forward looking statements” within the meaning
- f securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”,
“project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan” “guidance” and other similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of any Wilson Asset Management party, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Wilson Asset Management assumes no
- bligation to update such information. This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to
purchase, any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Without limiting this, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States.
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St Stron
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g ris isk-adju djusted r d returns f from
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panie ies Investment objectives – Provide capital growth over the medium-to-long term – Deliver a stream of fully franked dividends – Preserve capital
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An exclusive offer
– Strictly limited to $550 million – raising up to $330 million with
- versubscriptions of $220 million
– $165 million (30%) priority allocation to the WAM Family: – $150 million priority allocation to c. 55,000 WAM, WLE, WMI, WAX, WAA and CYA shareholders* – $15 million priority allocation to past shareholders, family, friends and WAM subscribers* – $2.20 issue price and pro forma net asset value – no options – The investment manager will pay all costs associated with the IPO – Selling fee: 1.5% including GST
*And their associated entities
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Long-term performance
Performance at 28 February 2018 1 yr 3 yrs %pa 5 yrs %pa 10 yrs %pa Since inception %pa (Aug-99) WAM Investment Portfolio* 15.0% 15.9% 15.4% 13.6% 17.7% S&P/ASX All Ordinaries Accumulation Index 10.8% 5.7% 8.1% 5.2% 8.4% Outperformance +4.2% +10.2% +7.3% +8.4% +9.3%
*Investment performance and Index returns are before expenses, fees and taxes
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Experienced Board of Directors
Geoff Wilson AO BSc GMQ FFINSIA FAICD Non-independent Chairman Kate Thorley BCom CA GAICD Non-independent Director Gabrielle Trainor AO LLB MA FAICD Independent Director Caesar Bryan LLB Independent Director
Geoff Wilson has over 37 years’ direct experience in investment markets having held a variety of senior investment roles in Australia, the UK and the US. Geoff Wilson is the Chairman and Founder of Wilson Asset Management. Kate Thorley has more than 12 years’ experience in the funds management industry and more than 18 years of financial accounting and corporate governance experience. Kate Thorley is the CEO of Wilson Asset Management. Caesar Bryan is an international fund manager with 39 years’ investment experience gained primarily with Gabelli Funds, which manages more than US $40bn. Gabrielle Trainor AO is a highly experienced non-executive director and advisor with over 25 years on public and private
- boards. Gabrielle’s executive
career has spanned law, journalism, government and consultancy.
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Strong investment leadership
Geoff Wilson AO Chairman & Portfolio Manager
BSc GMQ FFINSIA FAICD 37+ years’ market experience
Chris Stott Chief Investment Officer & Portfolio Manager
B Bus Grad Dip App Fin 14+ years’ market experience
Catriona Burns CFA Lead Portfolio Manager
B Comm M App Fin 14+ years’ Australian and global market experience
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Martin Hickson BBus BComp MAppFin Portfolio Manager John Ayoub LLB BA GradCertAppFin Senior Equity Analyst Nick Healy BEng MBA Global Equity Analyst Matthew Haupt CFA BCom GradDipAppFin Portfolio Manager Tobias Yao CFA BCom Senior Equity Analyst Oscar Oberg CFA LLB BBus Portfolio Manager Martyn McCathie General Manager James McNamara BJourn MComm GradDipFin Head of Corporate Affairs Jesse Hamilton BCom CA Chief Financial Officer Cooper Rogers BCom GradDipAppFin Assistant Dealer Kate Thorley BCom CA GAICD Chief Executive Officer
Robust investment and management team
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Proprietary rating process
– Rate management – Rate industry/position – Forecast EPS growth – Valuation – Buy only when a CATALY LYST is identified – Sell when valuation reached
Qualitative Quantitative
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Investment case study
Global leader in seamless payments
Why it rated – Industry consolidating, new technology platform, emerging market opportunity Catalyst – Acquisition integration and earnings upside
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Investment case study
Leading mechanical and plant engineering firm with automation expertise
Why it rated – Quality management, strong balance sheet, favourable industry structure Catalyst – Improving Asian demand and earnings upside
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US and global leading economic indicators
Source : OECD
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US growth leading the way
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US unemployment rate
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Global opportunities
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Offer summary
ASX code WGB Offer structure Fully paid ordinary shares at $2.20 per share Minimum raising $16.5 million Maximum raising $330 million (before oversubscriptions) Oversubscriptions $220 million Priority allocation $165 million Minimum subscription Minimum application amount $2,200 Investment manager Wilson Asset Management Portfolio managers Catriona Burns, Geoff Wilson, Chris Stott
The investment manager will pay all costs associated with the WAM Global IPO.
Fee structure Management fee: 1.25% Performance fee: 20%
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Key dates
Prospectus lodged with ASIC 23 April 2018 Broker firm offer expected to close 1 June 2018 Priority and general offers expected to close 8 June 2018 Shares expected to commence trading on the ASX 22 June 2018
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How to invest
To participate in the broker firm offer, please contact: To be emailed a copy of the Prospectus, visit wilso ilsonas asse setman anag agement.com.au au/glo lobal bal. To receive a mailed copy of the Prospectus, please contact Boardroom Pty Limited on 1300 737 760.
Joi
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nt lea ead mana nager ers
Hamish Nairn Taylor Collison Limited +61 8 8217 3908 Nicholas Chaplin National Australia Bank Limited +61 2 9237 9518 Philip Lee Morgans +61 7 3334 4864 Ross Baildon Ord Minnett +61 7 3214 5509 Co-managers:
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Investing in undervalued growth companies
– Focus us on AS ASX l listed sm small-to to-mid d cap ap indu dustrial al c compan panies – Research and market-driven processes – Focus on A n ASX t top 2 200 00 listed ed compani nies – Research and market-driven processes – Focu cus on A ASX l X listed mi micr cro-cap ap indu dustrial al c compan panies – Research and market-driven processes – Focus us on AS ASX l listed sm small-to to-mid d cap ap indu dustrial al c compan panies – Research-driven process – Focus us on AS ASX l listed sm small-to to-mid d cap ap indu dustrial al c compan panies – Market-driven process – Focus on A n ASX t top 3 300 l 00 listed ed compani nies – Research, market and investment-driven processes – Focus us on sm small-to to-mid d cap i ap internat ational al c compan panies – Research and market-driven processes
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Current wraps and platforms
Wilson Asset Management’s listed investment companies are found on 30 wraps and platforms including:
– PortfolioCare – North Investments – AMP – BT Financial Group – Colonial First Wrap – Hub24 – ING Direct – Living Super – IOOF Pursuit Select – Macquarie Wrap – The Emerald Wrap – Netwealth Investment Wrap
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Making a difference for our shareholders and the community
– Six LICs and almost $3 billion in shareholder capital for over 55,000 retail shareholders – Nine investment professionals with combined investment experience of more than 100 years – Proven investment approach that has delivered strong returns for over 20 years – Committed to philanthropic and advocacy initiatives – Creator and supporter of:
Winner of the Listed Investment Companies category at the Professional Planner | Zenith Fund Awards 2014, 2015, 2016 and 2017
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May 2018 Shareholder Presentations
Launceston &
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Hob
- bart
Ca Canberr rra Syd ydney Bris risbane
11 May 2018 14 May 2018 15 May 2018 16 May 2018
Hob
- bar
art: Wrest Point Hotel 410 Sandy Bay Road, Sandy Bay TAS 7005 Lau Launcest ston
- n: Conference Centre
50 Glen Dhu Street South Launceston TAS 7249 National Convention Centre 31 Constitution Avenue Canberra ACT 2601 The Westin 1 Martin Place Sydney NSW 2000 Brisbane Exhibition & Convention Centre Cnr Merivale & Glenelg Streets South Bank QLD 4101 Presentation: 11.00am – 12.30pm Presentation: 10.00am – 12.00pm Presentation: 10.00am – 12.00pm Presentation: 10.00am – 12.00pm
Toow
- owoom
- omba
Pe Perth Adela laid ide Me Melb lbourn rne
17 May 2018 21 May 2018 22 May 2018 24 May 2018
Fitzy’s 153 Margaret Street Toowoomba City QLD 4350 Perth Convention & Exhibition Centre 21 Mounts Bay Road Perth WA 6000 Adelaide Convention Centre North Terrace Adelaide SA 5000 Melbourne Convention Centre 1 Convention Centre Place South Wharf VIC 3006 Presentation: 10.00am – 12.00pm Presentation: 10.00am – 12.00pm Presentation: 10.00am – 12.00pm Presentation: 10.00am – 12.00pm
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