Title: Presentation Title URL Source: https://is.gd/xGmAmL Published Time: Mon, 26 May 2025 08:55:17 GMT Markdown Content: Caledonia is a FTSE 250 self -managed investment trust company with a long track record of delivering consistent returns and progressive annual dividend payments to shareholders. Our aim is to generate long -term compounding real returns that outperform inflation by 3% -6% over the medium to long term, and the FTSE All -Share index over 10 years. We are a long -term investor and hold investments in both listed and private markets across three pools: Public Companies, Private Capital and Funds. Each has a strategic allocation of capital, investment strategy and target return. The result is a well -balanced diversified portfolio of investments with a global reach. Public Companies Strategic Allocation: 30% -40% • Global portfolio • Businesses that we understand, with underlying growth and pricing power • Around 30 high quality companies across two strategies: Capital (74%) and Income (26%) • Total return target of 10% p.a. on Capital portfolio and 7% p.a. on Income portfolio (3.5% yield on cost) Private Capital Strategic Allocation: 25% -35% • Direct investments focused on high quality, UK mid -market companies • Significant owners working in partnership with companies to drive value through business improvement • Prudent capital structures • Target portfolio of up to 10 companies • Total return target of 14% p.a. (2.5% yield on cost) Funds Strategic Allocation: 25% -35% • Proven private equity managers • Focus is on North American mid -market companies (63%) • Asian growth portfolio invested in new economy sectors (37%) • Total return target of 12.5% p.a. A Well Balanced Portfolio # Factsheet – April 2025 8.4% p.a. 1 > ( 10 year return ) 12.4% p.a. 1 (10 year return) 13.3% p.a. 1 (10 year return) 34% > NAV # At a Glance # £2.9bn Net Assets # 5387p Net Assets per share # 2.2% LTM NAVTR # 71.2p LTM Dividend per share (1.9% yield) Performance Highlights • NAVTR was -1.6% for both the month and the financial year to date. Portfolio return was -1.8% ( -0.1% excluding foreign exchange movements) • Foreign exchange resulted in a decrease in net assets of approximately £48m over the month • During the month £62m was invested and £4m was realised • Net cash at the end of the month was £88m • Over the month, £6.4m of ordinary shares have been repurchased for cancellation at a weighted average discount of 35% resulting in 6.6p accretion to NAV per share > 5% > 13% > 9% > 3% > 10% > 7% 7% > 11% > 6% > 5% 5% > 3% > 0% > 5% > 10% > 15% > 20% > Over 3 years Over 5 years Over 10 years > Caledonia NAVTR Caledonia Share Price TR FTSE All-Share TR CPIH Long -Term Performance (Annualised) > 0 > 10 > 20 > 30 > 40 > 50 > 60 > 70 > 80 > 2004 2009 2014 2019 2024 Annual Dividend / Share (p) > +100p special > +175p special 30% > NAV 30% > NAV Responsible investing We believe that responsible investment and business success go hand in hand. We are embedding the consideration of ESG factor s i nto all stages of our investment journey. For more information: Responsible Investing > 1 As at unaudited NAV at 31 March 2025 Sources: Caledonia Investments plc (‘Caledonia’) © Caledonia 2025 and FTSE International Limited (‘FTSE’) © FTSE 2025. Caledonia Investments, Time Well Invested and the sealion guardant are registered trademarks. ‘FTSE®’ is a trademark of the London Stock Exchange Group companies and is used by FTSE International Limited under license. Al l rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and /or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. The price of shares and the income from them may go down as well as up. Past performance is no indication of future performan ce. Under no circumstances should this information be considered as an offer, or solicitation, to deal in investments. Caledonia is registered in England and Wales. Company number 00235481. Regi ste red office as above. Geography (Headquartered) How to Invest An investment in Caledonia can be made by buying ordinary shares through a broker or financial intermediary. Ticker: CLDN Sector North America 46% UK & Channel Islands 35% Asia 10% Europe 9% Ten Largest Holdings Name Business £m % of NAV Stonehage Fleming Family office services 221.4 7.6 AIR -serv Forecourt vending 197.7 6.9 Cobepa Investment company 196.0 6.8 Butcombe Group Pubs, bars & inns 136.7 4.8 Philip Morris Tobacco & smoke -free products 93.9 3.3 HighVista Strategies Fund of funds 92.5 3.2 Microsoft Software 74.4 2.6 Oracle Software 71.5 2.5 Axiom Asia funds Funds of funds 71.3 2.5 Watsco Ventilation products 66.9 2.3 Other investments 1,514.3 52.7 TOTAL 2,736.6 95.2 Funds Valuation Dates Manager NAV date £m % of NAV 31 March 2025 20.1 2.3 28 February 2025 6.7 0.8 31 December 2024 768.1 87.9 30 September 2024 77.7 8.9 30 June 2024 0.9 0.1 873.5 100.0 Industrials 23% Information Technology 11% Consumer Discretionary 16% Funds of Funds 10% Financials 15% Health Care 8% Materials 6% Consumer Staples 4% Communication Services 3% Other sectors 4% Investment Portfolio £m Public Companies 988 .8 Private Capital 874 .3 Funds 873 .5 Total investment portfolio 2,736 .6 Net cash 88 .0 Other net assets 48 .5 Net assets 2,873 .1 Key Facts NAV per share 5387p Share price 3685p Discount 31.6% Market capitalisation £1.9bn Annualised dividend yield 1.9% Dividend frequency Semi annual Next anticipated dividend date August 2025 FY 24 OCR 0.81% Year end 31 March Index FTSE 250 Sector Flexible investment Ticker CLDN No. of shares in issue 52,701,841 ISIN GB0001639920 SEDOL 0163992 More Information investorrelations@caledonia.com Cayzer House, 30 Buckingham Gate, London, SW1E 6NN Tel: + 4420 7802 8080 Website: www.caledonia.com