Annual General Meeting
19 July 2023
www.caledonia.com
David Stewart
Chair
www.caledonia.com
Presentation of Final Results
Year ended 31 March 2023
Mat Masters
CEO
Tim Livett
CFO
Tom Leader
Head of Private Capital
www.caledonia.com
Highlights
Year ended 31 March 2023
NAV total return
+5.5%
(2022: +27.9%)
NAV per share
5068 pence | +0.5% |
(2022: 5041p) | |
Net assets | |
£2,798m | +0.5% |
(2022: £2,783m) | |
Share price | |
3390 pence | -4.2% |
(2022: 3540p) | |
Annual dividend per share | |
67.4 pence | +4.0% |
(2022: 64.8p) | |
- +5.5% NAV per share total return for year
- Private Capital and Funds pools generated good returns
- Favourable impact of fall in value of Sterling v. US dollar
- Payment of special dividend limited growth in NAV
- 4.0% increase in full year dividend
- CFO succession - Rob Memmott appointment announced
- Post year-end (April 2023): Acquired majority stake in European division of AIR-serv for £142.5m
AGM 2023 | 3 |
Performance Track Record
Consistent long term outperformance
- Aim to grow capital value and income over the long term (10 years) measured in real terms
- Target return of RPI +3% to +6% over medium / long term
- Aim to outperform FTSE All-Share Total Return over 10 years
20% | +19.3% | +5.5% | Annualised Performance | Target range: | |||||||||||||
Medium and Long-Term | |||||||||||||||||
long-term | |||||||||||||||||
+15.7% | RPI + 3%-6% | ||||||||||||||||
15% | +13.8% | ||||||||||||||||
RPI | +11.6% | +6.6% | +10.8% | +5.0% | |||||||||||||
7.9% | |||||||||||||||||
RPI | |||||||||||||||||
10% | +8.2% | +9.4% | |||||||||||||||
5.7% | |||||||||||||||||
RPI | |||||||||||||||||
4.0% | +5.8% | ||||||||||||||||
+5.0% | |||||||||||||||||
5% | |||||||||||||||||
0% | |||||||||||||||||
Over 3 years | Over 5 years | Over 10 years | |||||||||||||||
Caledonia NAVTR | Caledonia Share Price TR | FTSE All-Share TR | |||||||||||||||
AGM 2023 | 4 |
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Disclaimer
Caledonia Investment plc published this content on 19 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2023 17:04:03 UTC.