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FUTURE GENERATION GLOBAL LIMITED Call Transcript 2019
64914_rns_2019-09-16_a8cff41c-bdab-4b20-954b-803426c76b9a.pdf
Call Transcript
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Investor Conference Call
17 September 2019
4:00pm - 5:00pm (Sydney time)
Dial-in number: 1300 254 410 International dial-in number: +61 3 8687 0634 Access code: 3013976
Disclaimer
This presentation has been prepared for use in conjunction with a verbal presentation and should be read in that context. The information in this presentation is only intended for Australian residents. The purpose of this presentation is to provide information only and the content of the presentation does not purport to provide investment advice. We strongly suggest that investors read the Prospectuses and all available public information and 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 Future Generation Australia (ASX: FGX) or Future Generation Global (ASX: FGG). The information provided in the presentation is given in good faith and is believed to be accurate at the time of compilation. Neither Future Generation Australia, Future Generation Global nor their directors or employees make any representation or warranty as to the accuracy, reliability, timeliness or completeness of the information. To the extent permissible by law, Future Generation Australia, Future Generation Global and their directors and employees disclaim all liability (whether arising in contract, tort, negligence or otherwise) for any error, omission, loss or damage (whether direct, indirect, consequential or otherwise). Neither Future Generation Australia, Future Generation Global nor their directors or employees guarantee or make any representation as to the performance of Future Generation Australia, Future Generation Global, the maintenance or repayment of capital, the price at which shares may trade or any particular rate of return.
Investment and social returns
Investment returns
| Portfolio performance |
Operating profit before tax |
Fully franked dividends |
Dividend dates |
|---|---|---|---|
| (six months to 30 June 2019) Future $+13.6%$ |
(six months to 30 June 2019) Generation \$19.3m |
Generation 2.4cps | Ex-dividend 11 October 2019 |
| Generation Australia |
Australia | 2019 interim Australia dividend |
Record date 14 October 2019 |
| Future | Future | 16 October 2019 Last election for DRP |
|
| $+12.5%$ Generation Global |
Generation \$12.4m Global |
1.5cps Generation June 2019 Global dividend |
Payment 25 October 2019 date |
Social returns
Future
Generation Global (ASX: FGG)
\$4.9m
2019 SOCIAL
INVESTMENT
Annualised management and performance fees and services forgone (as at 30 June 2019)
\$12.8m
Total fees forgone since inception to 2019
\$54.0m
| Investment portfolio (AS OF 31 AUGUST 2019) |
0% management fees | 0% performance fees | ||||
|---|---|---|---|---|---|---|
| Net tangible assets before tax |
Gross assets | Performance (pa since Sept 2014) |
||||
| 125.59c | \$504.4m | 9.4% | ||||
| Net tangible assets after tax and before tax on |
Market | capitalisation* | Volatility** 7.5% |
|||
| unrealised gains 125.18c |
\$439.0m | S&P/ASX All Ordinaries Accumulation Index: 11.0% |
||||
| Net tangible assets after tax |
fully franked | 2019 annualised interim dividend |
Fully franked dividend yield |
|||
| 123.07c | 4.8cps | 4.3% | ||||
| Based on the 30 August 2019 share price of \$1.105 per share and 397,295,489 shares on issue. * Volatility is measured by standard deviation. |
Since inception |
|||||
| Performance at 31 August 2019 | 6 mths |
Fin YTD |
1 yr |
3 yrs %pa |
%pa (Sept-14) |
|
| Future Generation Australia | 7.9% | 16.4% | 3.2% | 8.7% | 9.4% | |
| S&P/ASX All Ordinaries Accumulation Index | 9.3% | 20.6% | 8.6% | 11.1% | 8.1% |
Fund manager allocations
17.4% fund manager breakdown
| CBG Asset Management | 2.5% | |
|---|---|---|
| LHC Capital | 2.5% | |
| Vinva Investment Management | 2.5% | |
| Tribeca Investment Partners | 24% | |
| ARCO Investment Management | 23% |
| Centennial Asset Management | 1.6% | |
|---|---|---|
| Smallco Investment Manager | 1.5% | |
| QVG Capital | 12% | |
| Lanyon Asset Management | 0.9% |
| Long equities 45.3% | |
|---|---|
| Absolute bias 31.4% | |
| Market neutral 12.4% | |
| Cash | 10.9% |
Investment performance and index returns are before expenses, fees and taxes.
| Investment portfolio AS OF 31 AUGUST 2019) |
0% management fees 0% performance fees |
||||||
|---|---|---|---|---|---|---|---|
| Net tangible assets before tax |
Gross assets | Performance (pa since Sept 2015) |
|||||
| 142.74c | \$565.1m | 9.7% | |||||
| Net tangible assets after tax and before tax on unrealised |
Market capitalisation # |
Volatility * | |||||
| gains | 8.4% | ||||||
| 142.49c | \$509.3m | MSCI AC World Index (AUD): 10.2% |
|||||
| Net tangible assets after tax |
2019 fully franked dividend |
ESG aware \hat{} (of the portfolio) |
|||||
| 135.86c | 1.5 cps | 98.0% | |||||
| #Based on the 30 August 2019 share price of \$1.30 per share and 391,791,594 shares on issue. *Volatility is measured by standard deviation. "Based on the 2018 Annual Report. |
Since inception |
||||||
| Performance at 31 August 2019 | 6 mths |
Fin YTD |
1 yr |
3 yrs %pa |
%pa (Sept-15) |
||
| Future Generation Global | 7.3% | 14.5% | 5.1% | 12.7% | 9.7% | ||
| MSCI AC World Index (AUD) | 8.4% | 19.1% | 6.5% | 13.3% | 10.4% |
Fund manager allocations
11.8%
$\overline{7}$
Cash
Investment performance and index returns are before expenses, fees and taxes.
Our pro bono fund managers
Our designated charities
November 2019 Shareholder Presentations
Toowoomba Thursday 14 November
Burke & Wills Hotel 554 Ruthven Street, Toowoomba
Presentation: $12.15$ pm $-1.15$ pm
Hobart Monday 25 November
Hotel Grand Chancellor 1 Davey Street, Hobart
Presentation: $12.15$ pm $-1.15$ pm
Gold Coast Friday 15 November Sofitel Broadbeach 81 Surf Parade, Gold Coast
Presentation: $12.15$ pm $-1.15$ pm
Canberra Monday 18 November Hotel Realm 18 National Circuit, Canberra
Presentation: $12.15$ pm $-1.15$ pm Sydney Tuesday 19 November The Westin Sydney 1 Martin Place, Sydney
Presentation: $12.15$ pm $-1.15$ pm
Hilton Hotel 190 Elizabeth Street, Brisbane Presentation:
$12.15$ pm $-1.15$ pm
Brishane
Thursday 21 November
Perth Tuesday 26 November
The Westin 480 Hay Street, Perth
Presentation: $12.15$ pm $-1.15$ pm
Adelaide Wednesday 27 November
Hilton Hotel 233 Victoria Square, Adelaide
Presentation: $12.15$ pm $-1.15$ pm Melbourne Thursday 28 November
Grand Hyatt 123 Collins Street, Melbourne
Presentation: $12.15$ pm $-1.15$ pm Register now
The Future Generation Investment Forum will be held in Melbourne on Thursday 28 November from 1:45pm - 3:15pm
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