Kaizen Global Investments : AGM presentation and results of resolutions

ANNUAL GENERAL MEETING NOVEMBER 2021

ANNUAL GENERAL MEETING 2021

Disclaimer

This presentation is issued by Kaizen Global Investments Ltd (ACN: 602 033 670) and Kaizen Capital Pty Ltd (ACN: 137 114 160) as Manager. The Company and the Manager have used best endeavours to ensure that the information in this presentation is accurate. However, its accuracy, reliability, or completeness is not assured. To the maximum extent permitted by law, neither the Company nor the Manager accepts any liability for any error or omission or for any loss or damage suffered as a result of others relying and acting on the contents of this presentation.

All intellectual property rights in this document are owned by the Company and the Manager. Its contents may not be copied, reproduced or otherwise included in any other document, or distributed to a third party, without the prior express consent of the Company or the Manager. This presentation does not constitute an offer of interest in the Company. You should not rely on this presentation if or when deciding whether or not to invest in the Company. This document must not be circulated and is confidential in nature. By accepting this document you agree to comply with such confidentiality.

This presentation has been prepared without taking into account your personal financial objectives or needs. An investment in the Company carries potential risks and fees which are described in other relevant documentation. Before deciding whether to invest in the Company, an investor should seek independent advice which relates to their specific investment and financial requirements.

This presentation is for general information purposes only. Neither the Company, nor the Manager, nor any other person guarantees the investment performance, earnings, or return of capital invested in the Company. The information contained in this document is current as at 28 November 2021 and is subject to change without notice.

Past performance of the Manager is no indication of future performance. Assumptions and estimates used may prove to be inaccurate. The Company assumes no responsibility to correct any inaccuracies. Changes in circumstances may occur at any time and may impact the accuracy of the information contained in this presentation.

KAIZEN GLOBAL INVESTMENTS

ANNUAL GENERAL MEETING 2021

AGM Agenda

1. Chairman's welcome and address
2. Results
3. Investment outlook
4. Portfolio and investment process
5. Resolutions

KAIZEN GLOBAL INVESTMENTS

ANNUAL GENERAL MEETING 2021

Name	Position	Independence	Prior experience
Simon Winfield	Executive Chairman	Not independent	Credit Suisse, Bank of
MBA			America Merrill Lynch
Connor Grindlay	Managing Director	Not independent	Credit Suisse, Lazard,
MEng (Hons)			Trafelet, Millennium Capital
			Partners, Caledonia
			Investments.
Andre Edmunds	Non-executive Director	Independent	AMP General insurance, CSC
BEng (Hons)			Australia, Deloitte UK,
			Barclays, Toyota,
			Volkswagen, Cazenove
			Capital, Orange Sweden,
			Hutchinson 3G, VirginMedia,
			Optus, Telstra, Downer,
			Foxtel, News Ltd and
			Transport for NSW.

KAIZEN GLOBAL INVESTMENTS

ANNUAL GENERAL MEETING 2021

Financial results for the year ended 30 June 2021

	30 June 2021
Pre Tax (loss) dollars	924,443
Basic profit per share (cents per share)	29.86
Net tangible backing per share post tax (cents per share)	1.2514

Recent Net tangible backing per share (cents per share)

• 31 October 2021 (unaudited) 1.1076 (pre tax, cents per share)
• 125.14 (post tax cents per share) June 30 2021 (+31.3% year on year)
• 13.39% decrease in post tax NTA since June 30 2020 (to October 31 NTA*).

Dividends

• Board will consider dividends in FY 2022 if profit and franking balances allow this, but also assess capital allocation options with share buybacks.

* June 30 post tax NTA $1.2514 (audited) October 31 post tax NTA $1.0838

KAIZEN GLOBAL INVESTMENTS