Clime Capital (CAM) investor relations material

Executive summary

• Revenue from ordinary activities rose 196% year-over-year to $21.95 million, driven by strong unrealised gains and higher dividends and trust distributions.

• Operating profit before CAMG note restructure costs increased 401% to $14.07 million, with profit after tax up 236% to $10.29 million.

• Net income growth was primarily due to $11.03 million in net unrealised gains (vs. $4.62 million loss prior year), partially offset by lower net realised gains and higher performance fees.

Financial highlights

• Net income: $21.95 million (up from $7.43 million year-over-year).

• Profit before tax: $13.36 million (up from $2.81 million year-over-year).

• Profit after tax: $10.29 million (up from $3.06 million year-over-year).

• Basic and diluted EPS: 7.09 cps (up from 2.05 cps year-over-year).

• Total operating expenses increased to $5.06 million, mainly due to $2.24 million in performance fees.

• Net tangible asset backing per share (post-tax): $0.84 (up from $0.817 year-over-year).

Outlook and guidance

• The Board intends to maintain quarterly ordinary dividends, supported by a high-income portfolio and franking credits.

• Dividend reinvestment plan will continue for future dividends.