AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (March 2013)
15 slides from AMCIL's investor presentation, Mar 6, 2013
Slide 1: ASX cover letter: Shareholder Information Meetings presentation
6 March 2013 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 Information Meetings – Presentation Dear Sir / Madam Please find attached the presentation to
Slide 2: Half-Year Meeting 2013
For personal use only Half-Year Meeting 2013
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited, its related entities 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 (express or implied) is made as to the accuracy, c
Slide 4: Summary of half-year results to December 2012
Summary of half-year results to 31 December 2012 For personal use only Half-Year Meeting 2013
Slide 5: Share price discount has closed
Share price discount has closed For personal use only Half-Year Meeting 2013
Slide 6: Dividend policy
Dividend policy For personal use only • Current policy to pay out all available franking credits at financial year end. • Given historic tax losses realised capital gains have not previously generated franking credits for distribution. • At present no interim dividend. • Tax losses have now been ext
Slide 7: Strong rise in the market although unlike the US still below pre GFC highs
Strong rise in the market although unlike the US still below pre GFC highs For personal use only Half-Year Meeting 2013
Slide 8: AMCIL portfolio is very different from the index
AMCIL portfolio is very different from the index For personal use only Half-Year Meeting 2013
Slide 9: Portfolio return – annualised returns to January 2013
Portfolio return – annualised returns to 31 January 2013* For personal use only Half-Year Meeting 2013
Slide 10: Investment activities
Investment activities For personal use only • Sale of Hastings Diversified Utilities Fund generated cash for investment. • Added to a number of existing holdings. • Selected sales and exit of four holdings. • Australian Infrastructure Fund likely to be sold given Future Fund’s acquisition of its ass
Slide 11: Companies exited completely / New companies added
Companies exited New companies added completely For personal use only Half-Year Meeting 2013
Slide 12: Top holdings at January 2013 represent 78.7% of the portfolio
Top 20 holdings at 31 January 2013 represent 78.7% of the portfolio For personal use only Rank Company $ million % of portfolio 1 Commonwealth Bank of Australia* 13.2 7.3 2 National Australia Bank* 10.0 5.6 3 Oil Search 10.0 5.6 4 BHP Billiton 9.7 5.4 5 Tox Free Solutions 8.8 4.9 6 ANZ Banking Group
Slide 13: Top holdings at January 2013 represent 78.7% of the portfolio – continued
Top 20 holdings at 31 January 2013 represent 78.7% of the portfolio – continued For personal use only Rank Company $ million % of portfolio 11 Brambles 6.7 3.7 12 Coca-Cola Amatil 6.4 3.6 13 AMP 6.3 3.5 14 Ansell 6.2 3.4 15 QBE Insurance 5.4 3.0 16 Amcor 4.8 2.6 17 ALS 4.3 2.4 18 Incitec Pivot 3.6 2
Slide 14: Outlook
Outlook For personal use only • Market not as cheap as it was. • Recent profit results supportive. • However, patchy business conditions in Australia. • Cash position is modest although AIX likely to be sold. • Patient approach given the solid rise in the market. Half-Year Meeting 2013
Slide 15: For personal use only
For personal use only