Argo Global Listed Infrastructure Ltd. · ASX:ALI
Argo Global Listed Infrastructure — Shareholder Meeting (October 2024)
27 slides from Argo Global Listed Infrastructure's shareholder meeting presentation, Oct 21, 2024
Slide 1: Annual General Meeting 2024 ASX announcement
21 October 2024 Company Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000 For personal use only Annual General Meeting 2024 Please find attached the Chairman’s Address, Managing Director’s Address and the accompanying presentation slides for today’s Annual General Meeting of Argo Global Lis
Slide 2: Chairman's Address: financial results and dividends
2024 Annual General Meeting Chairman’s Address Delivered by Mr. Russell Higgins AO at the ninth Annual General Meeting of Argo Global Listed Infrastructure Limited (Argo Infrastructure or Company) at the Adelaide Convention Centre on Monday 21 October 2024 at 12.30pm. Financial results During the 20
Slide 3: Investment performance and share price relative to NTA
via a trust structure does not provide this advantage. Investment performance Following a challenging period, the new financial year has seen something of a reversal in fortunes for global infrastructure stocks. In the first three months of financial year 2025, the benchmark index gained +9.4% amid
Slide 4: Independent research and directorate
Independent research Pleasingly, two external research houses have again recognised Argo Infrastructure’s track record. Following an extensive research and review process, independent investment ratings firm Lonsec recently published its 2024 report on Argo Infrastructure and reaffirmed its ‘recomme
Slide 5: CFO introduction and outlook
closely with the CFO on all aspects of Argo Infrastructure’s finances and financial reporting. He is a Certified Practising Accountant and a Graduate of the Institute of Company Directors. I am pleased to formally introduce Stephen to our shareholders today. Outlook As the world’s major central bank
Slide 6: Managing Director's Address: falling interest rates and the asset class
2024 Annual General Meeting Managing Director’s Address Delivered by Mr. Jason Beddow at the eighth Annual General Meeting of Argo Global Listed Infrastructure Limited (Argo Infrastructure or Company) held at the Adelaide Convention Centre on Monday 21 October 2024 at 12.30pm. Falling interest rates
Slide 7: Cohen & Steers portfolio manager
Founded in 1986 and listed on the New York Stock Exchange, Cohen & Steers has people and operations in offices worldwide, ‘on the ground’ close to infrastructure assets, and we believe this provides a distinct competitive advantage. Their local presence provides valuable insights and connections wit
Slide 8: Argo Infrastructure Annual General Meeting 2024
ARGO INFRASTRUCTURE For personal use only Annual General Meeting 2024 1
Slide 9: Russell Higgins AO, Chairman
Russell Higgins AO Chairman For personal use only 2
Slide 10: Disclaimer
Disclaimer This presentation has been prepared by Argo Service Company Pty Ltd (ASCO) (ACN 603 367 479) (Australian Financial Services Licence 470477), on behalf of Argo Global For personal use only Listed Infrastructure Limited (ACN 604 986 914). ASCO’s Financial Services Guide is available on requ
Slide 11: Board of Directors
Board of Directors For personal use only Jason Beddow Russell Higgins AO Managing Director Sarah Brennan Non-executive Chairman Non-executive Director Mark Hall Fiona Hele Non-executive Director Non-executive Director 4
Slide 12: Our Portfolio Manager
Our Portfolio Manager For personal use only Ben Morton BAS, MES Senior Portfolio Manager 5
Slide 13: Our objective
Our objective To provide a total return for long-term investors, consisting of capital growth and For personal use only dividend income, from a global listed infrastructure portfolio which can provide diversification benefits for Australian investors. 6
Slide 14: 2024 overview
2024 overview Full year dividends For personal use only Net assets Portfolio performance $417m +4.8% 9.0c $418m in 2023 Year ended 30 June 2024 Fully franked per share 8.5c per share in 2023 Total dividends NTA per share Dividends paid 57.75c $2.37 13 Per share, paid since Net tangible assets Consec
Slide 15: Annual dividends cents per share
Annual dividends cents per share For personal use only 3.6 3.4 3.4 3.4 3.2 2.7 9.0 0.9 8.0 8.0 8.5 7.5 6.5 3.5 3.75 3.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Annual dividends Franking credits 8
Slide 16: Total returns
Total returns 24.0% For personal use only 21.8% 19.8% 18.8% 18.2% 10.9% 9.4% 9.6% 8.7% 8.7% 7.8% 8.1% 8.4% 8.4% 7.8% 6.1% 4.6% 4.8% 4.3% 3.9% 3 months 1 year 3 years (pa) 5 years (pa) since inception (pa) Share price Portfolio (before fees) Benchmark S&P/ASX 200 Accumulation Index Figures are at 30
Slide 17: Share price relative to NTA
Share price relative to NTA 8.0% For personal use only 4.0% 0.0% -4.0% -8.0% -12.0% -16.0% -20.0% Jul-15 Feb-16 Sep-16 Apr-17 Nov-17 Jun-18 Jan-19 Aug-19 Mar-20 Oct-20 May-21 Dec-21 Jul-22 Feb-23 Sep-23 Apr-24 Figures are at 30 September 2024. 10
Slide 18: Independent research
Independent research For personal use only ‘Recommended’ ‘Recommended’ 11
Slide 19: Directorate
For personal use only Directorate 12
Slide 20: Chief Financial Officer succession
Chief Financial Officer succession For personal use only Andrew Hill Stephen Mortimer 13
Slide 21: Looking ahead
For personal use only Looking ahead 14
Slide 22: Shareholder returns $10,000 invested
Shareholder returns $10,000 invested $17,000 For personal use only $16,000 $16,899 $15,000 $15,379 $14,000 $13,000 $12,000 $11,750 $11,000 $10,000 $9,000 $8,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Share price Plus dividends Plus franking Figures are at 30 September 2024. 15
Slide 23: Shareholder benefits
Shareholder benefits For personal use only Global Access new diversification Specialist global infrastructure fund manager opportunities Proven investment Enhanced risk-adjusted Simple global approach returns investing 16
Slide 24: Jason Beddow, Managing Director
Jason Beddow Managing Director For personal use only 17
Slide 25: Interest rate impacts
Interest rate impacts Assessments of appropriate policy For personal use only US Federal Reserve Board Members at Federal Open Market Committee Meetings Source: US Federal Open Market Committee. 18
Slide 26: Our Portfolio Manager
Our Portfolio Manager For personal use only Ben Morton Thuy Quynh Dang Tyler Rosenlicht BAS, MES BA BA, MBA Senior Portfolio Manager Portfolio Manager Portfolio Manager 19
Slide 27: For personal use only
For personal use only 33
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