learning objectives - eventscase...jupiter asset management limited (jam), registered address: the...

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Jupiter Investment Forum 2018For professional and institutional investors only. Not for retail investors.

…changing trends in consumer spending

from material items to experiences

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Learning objectivesInvestors should leave the presentation with an ability to discuss…

…the importance of tourism for Asian

markets

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…how technologies can create

opportunities for people

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● Humans are social animals, we need other people

● Travel, tourism and entertainment are areas where the human touch remains essential to a positive experience, with a trend towards people spending money on experiences rather than on ‘stuff’

● We will examine the investment potential for sectors still reliant on social interaction, and the ways in which technology can create opportunities for people rather than replacing them

Overview

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The Jupiter taxi

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Humans are social, competitive and adaptable animals

“ People are usually afraid of change because they fear the unknown. But the single greatest constant of history is that everything changes

Modern science and technology give humans powers that far exceed those of the ancient gods

Yuval Noah Harari

“ We need to winLike you need to breatheI've an interest in games

Gary Numan, Music for Chameleons

“800m jobs could be displaced by robotic process automation worldwide by 2030

McKinsey“ Over the next decade almost one in

four jobs created worldwide will be related to tourism

World Travel & Tourism Council

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UNWTO – why tourism matters

Source: United Nations World Tourism Organization, 2017.

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Further steady growth forecast

China’s international tourism expenditure

Source: CLSA, 05.07.17.

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2000 2005 2010 2011 2012 2013 2014 2015 2016 2017F 2018F 2019F 2020F 2021F

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Source: CLSA, 05.07.17.

Favoured destinations for Chinese touristsBreakdown of Chinese outbound tourism

Hong Kong 33% Macau 16%

Korea 4% Thailand 6%

Taiwan 3% Japan 7%

USA 3% Vietnam 3%

France 2% Singapore 2%

Malaysia 2% All others 19%

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Australia’s inbound passenger mixChina represented 15% of Australia’s 8 million tourists in 2016

Source: CLSA, 05.07.17.Note: Jupiter has purchased the copyright to this image(s).

New Zealand 16%

UK 9%

China 15%

USA 9%

Singapore 5%

Japan 5%

Malaysia 5%

South Korea 3%

India 3%

Hong Kong 3%

Germany 2%

Other 25%

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Macau: a popular entertainment destination

Note: Jupiter has purchased the copyright to this image(s).

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Macau: a popular entertainment destination

Note: Jupiter has purchased the copyright to this image(s).

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IHH Healthcare

Company example is for illustrative purposes only and is not a recommendation to buy or sell.

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Tencent

Company example is for illustrative purposes only and is not a recommendation to buy or sell.Note: Jupiter has purchased the copyright to this image(s).

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Portfolio dividend yield ranges

Holding examples are for illustrative purposes only and are not a recommendation to buy or sell. Quoted yields are not guaranteed and may change in the future.Source: Jupiter, 31.12.17.

Wesfarmers

AmcorHengan

Macquarie GroupSuncorpWestpac

Singapore ExchangeAIA

APATransurbanMacquarie-

KoreaInfrastructure

Fund AGL

Meridian Energy

A-REITMapletree Commercial

Mapletree LogisticsDexus

ScentreVicinity Link Reit

Hon HaiMediatekT.S.M.C.

<3% >5%3-5%

China MobileSingapore Telecom

General Consumption Tech

Telecoms

Financials

Other Infrastructure Utilities

Property

N.W.S. HoldingsS.T. Engineering

Sands ChinaSydney Airport

I.H.H.

Malaysia Airports

Tencent

Travel, tourism, entertainmentand healthcare

SamsungElectronics

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…changing trends in consumer spending

from material items to experiences

1

Learning outcomesInvestors should have gained an ability to discuss…

…the importance of tourism for Asian

markets

2

…how technologies can create

opportunities for people

3

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This presentation is intended for investment professionals and not for the benefit of retail investors. Market and exchange ratemovements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. Any data or views given should not be construed as investment advice. Every effort is made to ensure the accuracy of the informationbut no assurance or warranties are given.Past performance is no guide to the future. Company examples are for illustrative purposes only and are not a recommendation to buy or sell. Quoted yields are not guaranteed and may change in the future. Awards and ratings should not be taken as a recommendation.For your security we may record or randomly monitor telephone calls. Jupiter Asset Management Limited (JAM), registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ is authorised and regulated by the Financial Conduct Authority.No part of this presentation may be reproduced in any manner without the prior permission of JAM.

Disclosure

learning objectives - eventscase...jupiter asset management limited (jam), registered address: the...

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