AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (March 2022)
29 slides from AMCIL's investor presentation, Mar 29, 2022
Slide 1: Shareholder Telephone / Webcast Briefing Presentation
29 March 2022 For personal use only The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited Shareholder Telephone / Webcast briefing Presentation Please find attached the presentation to be used i
Slide 2: Shareholder Meeting 29 March 2022 - Presentation
For personal use only Shareholder Meeting 29 March 2022 - Presentation
Slide 3: Agenda
Agenda For personal use only (1) Introduction – Rupert Myer (2) Our Purpose and Approach – Mark Freeman (3) Financial Results – Geoff Driver (4) Portfolio Performance and Equity Market Performance – Kieran Kennedy, Olga Kosciuczyk (5) Features of the AMCIL portfolio and recent investment activity –
Slide 4: Disclaimer
Disclaimer For personal use only AMCIL Limited and Australian Investment Company Services Limited (AFSL: 303209) and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (expre
Slide 5: Our Purpose and Approach
For personal use only Our Purpose and Approach Annual General Shareholder Meeting Meeting March2019 2022
Slide 6: AMCIL – Our Purpose and Approach
AMCIL – Our Purpose and Approach For personal use only Purpose To deliver returns from Australian and New Zealand equities which exceed the market over the medium to long term through strong capital growth and the generation of fully franked dividends. Approach Quality Above Focused Invest with Both
Slide 7: The key unique benefits of an investment in AMCIL
The key unique benefits of an investment in AMCIL For personal use only The key unique benefits of AMCIL are the combination of: Consistency of long-term returns Alignment of interests Comparatively low management cost No performance fees Tax effectiveness from a low turnover, long term investme
Slide 8: Investment Team
Investment Team – over 100 years of ASX investing experience For personal use only Kieran Kennedy Olga Kościuczyk Jaye Guy Portfolio Manager Investment Analyst Investment Analyst David Grace Brett McNeill Nga Lucas Portfolio Manager Portfolio Manager Investment Analyst Stuart Low Jeremy Moore Nicky
Slide 9: AMCIL's Investment Approach
AMCIL’s Investment Approach Focus on investing in quality companies that can grow over the long term. For personal use only Quality companies: Have a leadership position in their industry (or developing one) Have a sustainable competitive advantage and/or unique assets Reinvest to defend and e
Slide 10: ESG is integrated into our investment framework
ESG is integrated into our investment framework For personal use only Approach to Environmental, Social and Governance (ESG) factors o Assessment of ESG risk factors is an important part of our investment process as the sustainability of a business is a key input in our assessment of a company. o As
Slide 11: Financial Results
For personal use only Financial Results Annual General Shareholder Meeting Meeting March2019 2022
Slide 12: Half Year in Summary
Half Year in Summary For personal use only *Assumes an investor can take full advantage of the franking credits Annual General Shareholder Meeting Meeting March2019 2022 11
Slide 13: Share Purchase Plan Results
Share Purchase Plan Results For personal use only • AMCIL fully invested at time of announcement. • Completed 2 March 2022, raising $10 million. • 530 shareholders participated, representing 16% of the shareholder base. • Average amount invested $18,878 @$1.15 per share. • Issue price was in line wi
Slide 14: Share price premium/(discount) to NTA
Share price premium/(discount) to NTA For personal use only Annual General Shareholder Meeting Meeting March2019 2022 13
Slide 15: Portfolio performance and equity market conditions
For personal use only Portfolio performance and equity market conditions Annual General Shareholder Meeting Meeting March2019 2022
Slide 16: Portfolio Performance – per annum returns to February 22
Portfolio Performance* – per annum returns to 28 February 2022 For personal use only Annual General Shareholder Meeting Meeting March2019 2022 15
Slide 17: A long term track record of outperformance
A long term track record of outperformance AMCIL 10 Year Performance History – Benchmark and Outperformance Contribution For personal use only AMCIL’s share price growth plus dividend series is calculated after management fees, income tax and capital gains tax on realised sales of investments. It sh
Slide 18: Significant recent volatility – market perspective
Significant recent volatility – market perspective For personal use only Annual General Shareholder Meeting Meeting March2019 2022 17
Slide 19: Significant recent volatility – AMCIL's performance perspective
Significant recent volatility – AMCIL's performance perspective 1 1 MAR 19 to 31 JAN 20 2 1 FEB 20 to 31 MAR 20 3 1 APR 20 to 31 DEC 21 4 1 JAN 22 to 28 FEB 22 For personal use only -23% -26% -13% -4% 24% 19% 76% 57% Portfolio holdings: Share prices fall Portfolio holdings: Rotation - market Earning
Slide 20: Features of the AMCIL portfolio and recent investment activity
For personal use only Features of the AMCIL portfolio and recent investment activity Annual General Shareholder Meeting Meeting March2019 2022
Slide 21: AMCIL's quality and diversification
AMCIL's quality and diversification A spread of quality of small and large businesses across different sectors allows our portfolio to outperform For personal use only in a variety of equity market and economic conditions. PORTFOLIO QUALITY INDICATORS 31% ofby AMCIL's portfolio is run owner drivers
Slide 22: AMCIL invests in current and emerging market leaders
AMCIL invests in current and emerging market leaders AMCIL has good exposure to leading domestic and global consumer-facing businesses across different sectors. For personal use only of the portfolio is invested in world-leading healthcare of the portfolio is invested in Australia’s most 16% compani
Slide 23: AMCIL invests in current and emerging market leaders
AMCIL invests in current and emerging market leaders AMCIL has good exposure to leading domestic and global businesses that critically support a growing economy. For personal use only is invested in key logistics partners for small and 17% is invested in critical infrastructure and assets: 10% large
Slide 24: Heightened valuations saw us trim some of our holdings
Heightened valuations saw us trim some of our holdings While our investment approach is long term, we observed heightened valuation risk in a number of holdings in For personal use only buoyant equity markets in late 2021. Reductions in these holdings made capital available for other opportunities.
Slide 25: Market volatility has also provided attractive opportunities to add to holdings
Market volatility has also provided attractive opportunities to add to our existing holdings Largest purchases of existing holdings over the 8 months to 28 February 2022: For personal use only Annual General Shareholder Meeting Meeting March2019 2022 24
Slide 26: Recent portfolio changes
Recent portfolio changes We also exited a number of holdings this financial year as well as initiated positions in four new companies. For personal use only Exited New Companies Annual General Shareholder Meeting Meeting March2019 2022 25
Slide 27: Portfolio outlook
For personal use only Portfolio outlook Annual General Shareholder Meeting Meeting March2019 2022
Slide 28: Portfolio Outlook
Portfolio Outlook For personal use only Equity markets Portfolio High uncertainty stems from: The rotation away from our previously o Inflation – how embedded is it? strongly performing key holdings has Short term o Interest rates – where will they commenced (as we anticipated) and (1-2 years) peak
Slide 29: For personal use only
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