AMCIL Limited · ASX:AMH
AMCIL — H1 2025 Earnings Presentation
19 slides from AMCIL's earnings presentation, Jan 24, 2025
Slide 1: Half Yearly Results Webcast Presentation
24 January 2025 The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement For personal use only AMCIL Limited Half Yearly Results Webcast Presentation Please find attached the presentation to be given at the Comp
Slide 2: Half Year Results January 2025
Full Year Results Month 2023 For personal use only Half Year Results January 2025
Slide 3: 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 4: Result in Summary
For personal use only Result in Summary Half Year Results / January 2025
Slide 5: Interim Result Summary – Six months to December 2024
Interim Result Summary – Six months to 31 December 2024 For personal use only *Assumes an investor can take full advantage of the franking credits. Half Year Results / January 2025 4
Slide 6: Share Price Relative to Net Tangible Assets (NTA)
Share Price Relative to Net Tangible Assets (NTA) For personal use only 31 December 2024 NTA: $1.33 Share price: $1.175 Half Year Results / January 2025 5
Slide 7: Portfolio Performance and Activity
For personal use only Portfolio Performance and Activity Half Year Results / January 2025
Slide 8: Portfolio Performance – Per Annum Returns to December
Portfolio Performance – Per Annum Returns to 31 December 2024 For personal use only *Assumes an investor can take full advantage of the franking credits. Per annum returns other than for six months. Past performance is not indicative of future performance. Half Year Results / January 2025 7
Slide 9: 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: Focused portfolio invested in quality companies where holding size is not determined by the index weighting Alignment of interests Comparatively low management cost No
Slide 10: A Closer Look at AMCIL's Investment Approach
A Closer Look at AMCIL’s Investment Approach For personal use only Attributes of a high-quality company that we seek: Why this matters: • Unique assets that are hard to replicate or have an • The presence of these factors drives a Industry leadership position (or developing one) competitive advantag
Slide 11: Recent Selected Portfolio Activity
Recent Selected Portfolio Activity For personal use only Exited Trimmed Added New (Acquired) Half Year Results / January 2025 10
Slide 12: Recent Transactions Contributing to Performance
Recent Transactions Contributing to Performance For personal use only New holdings in companies that meet our frameworks have contributed strongly to recent performance: Along with existing holdings in quality companies with founder-led characteristics: Half Year Results / January 2025 11
Slide 13: Our Investment Philosophy in Practice - New Holdings
Our Investment Philosophy in Practice - New Holdings Initiated positions in companies with attractive characteristics: For personal use only Global packaging company Owns portfolio of cinemas, hotels, Operational tailwinds - significant resorts and restaurants synergies expected from merger
Slide 14: Portfolio Well Positioned For The Future
Portfolio Well Positioned For The Future AMCIL’s portfolio is well placed to navigate a wide range of economic outcomes: For personal use only Growth Stalwart Income Cyclical / Asset Play Half Year Results / January 2025 13
Slide 15: AMCIL Top Holdings
AMCIL Top 20 Holdings % of % of Company Portfolio Ownership Period Company Portfolio Ownership Period For personal use only 1 8.0% 13 yrs 11* 3.0% 5 yrs 2 5.7% 7 yrs 12* 2.6% 3 yrs 3 4.7% 5 yrs 13* 2.6% 13 yrs 4* 4.5% 6 yrs 14* 2.4% 7 yrs 5 4.3% 21 yrs 15 2.4% 2 yrs 6* 4.3% 5 yrs 16* 2.2% 3 yrs 7 4.
Slide 16: Outlook
For personal use only Outlook Half Year Results / January 2025
Slide 17: Equity Market Valuations – A Long Term Perspective
Equity Market Valuations – A Long Term Perspective For personal use only S&P/ASX 200 Price / Earnings Source: FactSet Half Year Results / January 2025 16
Slide 18: Outlook
Outlook For personal use only Earnings growth becoming more challenging due to higher costs and subdued economic conditions. Valuations continue to appear elevated (against long term metrics). Uncertain pathway of interest rates creating market volatility. AMCIL has a good level of cash to take adva
Slide 19: For personal use only
For personal use only