Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — Plato Investment Management — Investor Presentation (May 2026)
26 slides from Plato Income Maximiser's investor presentation, May 2026
Slide 1: Plato Global Shares Income Fund (ASX:PGI2) Update May 2026
PLATO GLOBAL SHARES INCOME FUND (ASX:PGI2) UPDATE : MAY 2026 DANIEL PENNELL CFA, SENIOR PORTFOLIO MANAGER DR DON HAMSON MD AND FOUNDER 1
Slide 2: Business overview
Business overview HIGHLIGHTS • Proven track record in • Founded in 2006, dual objective and $25.3Bn. AUM (04/26) alpha-driven investing • Majority employee • Income, low volatility, owned and low carbon • 4 PhDs, 1 CFA • Backed by Pinnacle • 22y+ av. experience $ 202bn. AUM (Q4 25) • 17 strong inves
Slide 3: Challenge 1: Domestic yield has fallen (Q1 2026)
Challenge 1 : Domestic yield has fallen (Q1 2026) Since inception realised yield* 12m Realised Yield 10.0% 10.0% 9.0% 9.0% 8.0% 8.0% 7.0% 7.0% 6.0% 6.0% 5.0% 5.0% 4.0% 4.0% 3.0% 3.0% 2.0% 2.0% 1.0% 1.0% 0.0% 0.0% S&P/ASX 200 Fund S&P/ASX 200 Fund CASH 4.1 6.7 3.2 5.2 FRANKING 1.4 2.7 1.0 2.1 *Plato
Slide 4: Challenge 2: Domestic income is very concentrated
Challenge 2: Domestic income is very concentrated 7 STOCKS & 1 INDUSTRY DOMINATE THE INCOME PAID % of Gross Dividend Income 2025 % of Gross Dividend Income 2025 BHP Microsoft Commonwealth Exxon Mobil Bank Westpac Apple Inc. National Australia JPMorgan Bank ANZ Chevron Corp Woodside Energy Johnson &
Slide 5: Plato Global Shares Income Fund
Plato Global Shares Income Fund Plato Global Income Fund Active ETF (ASX:PGI2) 5
Slide 6: Plato Global Shares Income Fund
Plato Global Shares Income Fund • Dual objectives to outperform market, whilst delivering extra income • Substantial income, distributed monthly • Risk controlled, global market exposure (fully invested) • Protect investor capital via dividend traps and red flags • Where does it sit? Diversified inc
Slide 7: Market feature 1: Global dividend opportunity set is vast
Market feature1: Global dividend opportunity set is vast Average # of ex-dates per month World Dev Aust S&P 300 2000 1800 1600 1400 1200 1000 800 600 400 200 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: FactSet, Plato Investment Management (2010-2025) “Enables greater rotation & monthly
Slide 8: Market feature 2: Global dividend run up effect
Market feature 2: Global dividend run up effect DIVIDEND PAYERS RALLY INTO THEIR EX-DATE Average performance in neighbourhood of event dates United States United Kingdom Japan Germany France Hong Kong Canada Australia 1.02 1.01 normalised at event date prior close Accumulated excess returns 1 0.99 0
Slide 9: Plato's investment process
Plato’s investment process DIVIDEND ROTATION COMBINED WITH SOLID FUNDAMENTALS “Dividend rotation combined with good value, quality and long- term holdings provides income plus growth” 9
Slide 10: The best of Value, Growth, and Quality
The best of Value, Growth, and Quality VALUE EXAMPLE, BANKS GROWTH EXAMPLE, TECH QUALITY EXAMPLE, DEFENCE • Historic European bank • Focus on ad-tech increases • Massive defence spending NIM expansion due to profitability metrics in uncertain world higher policy rates • +105% 2025 Total Return • S&P
Slide 11: Proprietary dividend cut model
Proprietary dividend cut model WE AVOID STOCKS WITH HIGH LIKELIHOOD OF CUTTING DIVIDENDS Forecasting Power of Dividend Cut Model PREDICTIVE MODEL FACTORS: MSCI Global Dev 60 • Stock performance since last dividend Realised dividend cut (%, avg) 50 • Volatility of stock performance 40 • Broker divide
Slide 12: 100+ Red Flags
100+ Red Flags AVOID LANDMINES, IDENTIFY DISTRESSED COMPANIES Annual return (%) Performance of Red Flags 17 Red Flags 15 Elevated accruals, increasing intangibles, very high earnings manipulation score, executive misconduct, poor audit, high litigation risk, 10 poor governance, large share issues. 5
Slide 13: PRISM Strong risk management overlay
PRISM Strong risk management overlay PROPRIETARY ANALYTICS SYSTEM “Minimise incidental macro risks” Source: PRISM 13
Slide 14: Performance
Performance APRIL 30, 2026 Performance 1m 3m 6m 1 yr 2 yr 3 yr 5 yr Inception (1) (after fees) (%) (%) (%) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) Fund total return (A Class) 4.6% 1.0% -0.4% 19.4% 17.7% 19.2% 13.6% 10.0% Fund Income (2) 0.8% 1.9% 2.9% 5.7% 5.2% 5.3% 5.4% 5.7% Benchmark total re
Slide 15: Plato has delivered consistently on income objective
Plato has delivered consistently on income objective INCOME PROFILE Monthly Income (LTM) Annual income since inception 7% Fund Distribution Benchmark 1.0% 6% 0.9% 0.8% 5% 0.7% 0.6% 4% 0.5% 3% 0.4% 0.3% 2% 0.2% 0.1% 1% 0.0% 0% Fund Distribution Benchmark Source: FactSet, April 30, 2026, Benchmark: MS
Slide 16: Delivered income through challenging times
Delivered income through challenging times DIVIDEND CUT MODEL PERFORMING WELL Rolling 12 month yield Fund yield Benchmark yield 8% 7% 6% 5% 4% 3% 2% 1% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source: FactSet, April 30, 2026. Past performance is not a reliable indicator of future perform
Slide 17: Performance not tied to any one environment
Performance not tied to any one environment CUMULATIVE RETURN (ENHANCED ALPHA ENGINE PERIOD) Performance through regimes Cumulative Excess Performance 15% Value / Bear market Growth / Bull market 10% 5% 0% -5% 11/21 02/22 05/22 08/22 11/22 02/23 05/23 08/23 11/23 02/24 05/24 08/24 11/24 02/25 05/25
Slide 18: Future global dividends are less risky than domestic
Future global dividends are less risky than domestic Global dividend cut probability Australia dividend cut probability 50% 50% 45% 45% 40% 40% 35% 35% 30% 30% Long term average 25% 25% 20% 20% Long term average 15% 15% 10% 10% 5% 5% 0% 0% 200112 200312 200512 200712 200912 201112 201312 201512 2017
Slide 19: Plato's blended equity solution for income investors
Plato's blended equity solution for income investors PORTFOLIO INCOME AND TOTAL RETURN (Q1 2026) Annualised Income - 3y Total Return - 3y Cash Income Franking Credits 60% 8% 50% 7% 14.2% 2.2% 40% 6% 1.1% 30% 5% 20% 4% 10% 3% 5.2% 5.4% 5.5% 2% 0% 1% -10% 0% Plato Global 50:50 Blended Plato Domestic I
Slide 20: Plato's listed retail offering
Plato's listed retail offering Plato Strategy Listed option Plato Australian Shares Fund ASX : PL8 Plato Global Alpha Fund ASX : PGA1 ASX : PGI2 Plato Global Shares Income Fund MAY 19th launch “Plato’s retail offerings now have a listed option” 20
Slide 21: Closing Remarks
Closing Remarks • Historically strong • The strategy has performance vs both produced substantial income competitors and consistent yield and benchmark • Forecast dividends are • Differentiated strategy strong & active has a role in management remains diversifying a clients key income investments 21
Slide 22: Get in touch
Get in touch bx Cs Pid é} > © Kyle Macintyre Mark Cormack Olivia Northwood-Blyth Tom O'Donnel Lucas Di Falco wo rey : &) Gerald Willeston Emily Taylor Ally Carroll Chris Meyer Jamie Mimis Jackson Neale 8 6 { Joey McCann Annabel Roughley Lucy Hames ASSOCIAT ausin , MENT MAN ; David Batty 9» 6 Jack Ry
Slide 23: Global Shares Income Fund (Class A)
GLOBAL SHARES INCOME FUND (CLASS A) ABOUT THE FUND PLATFORM AVAILABILITY FEES Management costs: 0.85% p.a. The minimum initial investment is $15,000. (inclusive of the net effect of AMP North GST) Asgard Buy/sell spread: +0.30%/-0.30% ABOUT THE FUND – CLASS A UNITS – AU60WHT00618 BT Panora
Slide 24: Disclaimer
Disclaimer Note: Past performance is not a reliable indicator of future performance. This communication has been prepared by Plato Investment Management Limited (Plato), AFSL 504616. Interests in the Plato Global Shares Income Fund (ARSN 608 130 838) (‘Fund’) and Plato Australian Shares Income Fund
Slide 25: Ratings disclaimer
Ratings disclaimer The Lonsec Rating (assigned as follows: Plato Australian Shares Income Fund — October 2024; Plato Global Shares Income Fund — January 2025) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice”
Slide 26: Plato Investment Management investor inquiries
Plato Investment Management is an Australian owned boutique equities fund manager specialising in maximizing retirement income for pension phase investors and SMSFs. Investor inquiries for general information and investment enquiries please contact Pinnacle Investment Management Limited T: 1300 010
Plato Investment Management — Investor Presentation (May 2026) on 6ix