Wilson Asset Management

Listed

June 2021

ASX Code

WAR

31 May 2024

Assets
$237.5
Equity exposure
91.7%
Share price
$1.095
Pre-tax net tangible assets
$1.28
Annualised interim
fully franked dividend
4.5
Look-through pre-tax NTA
$1.46

Investment Portfolio Performance

Performance at 31 May 2024 Fin
YTD
1
yr
Since inception
%pa (Jun-21)
WAM Strategic Value investment portfolio 17.7% 18.9% 6.0%

Investment portfolio performance is before expenses, fees and taxes.

Look-through NTA before tax

The Australian Accounting standards require the Company’s pre-tax NTA to be calculated based on the market price (or share price) of the underlying investment portfolio. The Company’s look-through pre-tax NTA is an estimation of the Company’s pre-tax NTA calculated using the estimated or most recently available pre-tax NTA of the underlying investment portfolio as at the end of the month where available. The look-through pre-tax NTA of the Company is indicative only and provides an estimate for investors of the value of the underlying investment portfolio, assuming the share price discount to NTA of the underlying discounted asset opportunities are closed.

WAM Strategic Value Limited

WAM Strategic Value became Wilson Asset Management’s eighth listed investment company in June 2021. WAM Strategic Value provides shareholders with exposure to Wilson Asset Management’s proven investment process focused on identifying and capitalising on share price discounts to underlying asset values of listed companies, primarily listed investment companies (LICs) and listed investment trusts (LITs) (commonly referred to as closed-end funds).

Board of Directors

Geoff Wilson AO

Chairman

Geoff Wilson has over 43 years’ direct experience in investment markets having held a variety of senior investment roles in Australia, the UK and the US. Geoff founded Wilson Asset Management in 1997 and created Australia’s first listed philanthropic wealth creation vehicles, Future Generation Australia Limited and Future Generation Global Limited. Geoff holds a Bachelor of Science, a Graduate Management Qualification and is a Fellow of the Financial Services Institute of Australia and the Australian Institute of Company Directors (AICD). Geoff Wilson is currently Chairman of WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited, WAM Active Limited and WAM Strategic Value Limited.

Kate Thorley

Director

Kate Thorley has over 20 years’ experience in the funds management industry and more than 25 years of financial accounting and corporate governance experience. Kate is the Chief Executive Officer of Wilson Asset Management, Director of WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap and WAM Strategic Value. Kate is a Director of Future Generation Australia and Future Generation Global. Kate is a graduate member of the Australian Institute of Company Directors and is a Chartered Accountant.

Glenn Burge

Director

Glenn is an advisor to Audant Investments and has over 36 years’ experience covering financial markets. Glenn’s career as a senior media executive included the role as editor of the Australian Financial Review (2002 to 2011). He was also editorial director for Fairfax Media’s suite of business and investment titles including BRW and Smart Investor from 2006. Other roles at Fairfax Media included executive editor of Metropolitan Media (2011 to 2014), where he led several print and digital media transformation projects. Glenn began his media career as a business reporter specialising in ASX listed companies and financial markets. He completed a Bachelor of Arts and Law from Macquarie University in 1981 and was admitted as a solicitor of the NSW Supreme Court in 1982.

Virginia Waterhouse

Director

Virginia has advisory experience across large ASX-listed, government and private corporations having advised a variety of boards, committees and executives through strategic and operational challenges, many of which have involved an acquisition or divestment of a core business unit. Virginia is recognised for her commercial acumen and has a record of delivering commercially driven advice in areas including negotiation of commercial agreements, capital raisings, M&As and project management across a range of complex transactions. Virginia is also highly skilled in cyber security governance and data risk management.

Jesse Hamilton

Company Secretary

Jesse Hamilton is a Chartered Accountant with more than 16 years’ experience working in advisory and assurance services, specialising in funds management. As the Chief Financial Officer, Jesse oversees all finance and accounting of Wilson Asset Management (International) Pty Limited. He is Company Secretary for WAM Alternative Assets Limited and WAM Strategic Value Limited and Joint Company Secretary for WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited and WAM Active Limited, in addition to Future Generation Australia Limited and Future Generation Global Limited. Prior to joining Wilson Asset Management, Jesse worked as Chief Financial Officer of an ASX listed company and also worked as an advisor specialising in assurance services, valuations, mergers and acquisitions, financial due diligence and capital raising activities for listed investment companies. Jesse was appointed Company Secretary of WAM Strategic Value Limited in March 2021.

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