Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — Investor Presentation (November 2021)
24 slides from Plato Income Maximiser's investor presentation, Nov 16, 2021
Slide 1: Shareholder webinar and presentation on Share Purchase Plan
Plato Income Maximiser Limited Level 35, 60 Margaret Street Sydney NSW 2000 T: 1300 010 311 E: invest@plato.com.au For personal use only ABN 63 616 746 215 16 November 2021 By Electronic Lodgement Market Announcements Office ASX Ltd 20 Bridge Street SYDNEY NSW 2000 Dear Shareholder, Shareholder webi
Slide 2: Share Purchase Plan (SPP) and Company Update
SHARE PURCHASE PLAN (SPP) AND COMPANY UPDATE PLATO INCOME MAXIMISER LIMITED ASX: PL8 For personal use only 1
Slide 3: Disclaimer
Disclaimer Note: Past performance is not a reliable indicator of future performance. About this presentation For personal use only This communication has been prepared by Plato Income Maximiser Limited ABN 63 616 746 215 (PL8) and Plato Investment Management Limited AFSL 504616 ABN 77 120 730 136 (‘
Slide 4: Agenda
Agenda For personal use only 01 02 Company overview and PL8 investment strategy Share Purchase Plan and performance overview 03 04 Market update Questions 3
Slide 5: Company overview and Share Purchase Plan overview
For personal use only Company overview and Share Purchase Plan overview 4
Slide 6: PL8 Overview
PL8 Overview PLATO INCOME MAXIMISER LIMITED For personal use only First and only Based on the Designed specifically Australian Listed investment strategy of with retiree investors Investment Company the Plato Australian in mind (pension phase (LIC) paying monthly Shares Income Fund superannuation or
Slide 7: Delivering consistent monthly income
Delivering consistent monthly income INCREASED MONTHLY DIVIDENDS TO $0.005 PER SHARE For personal use only MONTHLY DIVIDENDS 0.6 0.5 0.4 Cents per share 0.3 0.2 0.1 0 Jul-18 Jul-19 Jul-20 Jul-21 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Aug-18 Dec-18 Sep-18 Oct-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19
Slide 8: Price has closely tracked NTA
Price has closely tracked NTA PL8 PRICE VERSUS PRE-TAX NTA SINCE LISTING For personal use only $1.40 $1.30 $1.20 $1.10 $1.00 $0.90 $0.80 $0.70 Nov-17 Nov-18 Nov-19 Nov-20 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Jul-17 Jan-18 Jan-19 Jul-20 Jan-21 Jul-21 May-17 Mar-18 Jul-18 May-18 Mar-19 Jul-19 Jan-20 May
Slide 9: PL8 Share Purchase Plan
PL8 Share Purchase Plan Share Purchase Plan (SPP) For personal use only • Follows the successful completion of a Wholesale Placement (Placement) on 3 November 2021, raising $71.3 million • The SPP is an opportunity for Eligible Shareholders (PL8 shareholders on the record date of 2 November 2021) to
Slide 10: PL8 Share Purchase Plan: How to apply
PL8 Share Purchase Plan How to apply For personal use only • If you wish to participate in the SPP, please read the Share Purchase Plan Booklet (Booklet) and follow the instructions contained within your personalised Application Form. • The Booklet and your personalised Application Form was sent to
Slide 11: PL8 investment strategy and performance
For personal use only PL8 investment strategy and performance 10
Slide 12: PL8 delivering high income
PL8 delivering high income 12 month realised yield* For personal use only 7.0% 6.0% 6.0% 5.0% 4.7% 4.0% 3.0% 2.0% 1.0% 0.1% 0.0% RBA Cash Rate S&P/ASX 200 PL8 CASH 0.1% 3.5% 4.2% FRANKING 0.0% 1.2% 1.8% *to 30 September 2021, Plato, Bloomberg 11
Slide 13: Chart of Plato Income Performance
Chart of Plato Income Performance Plato Aust. Shares Income Fund v S&P/ ASX200 Accumulation Series (incl. Franking Credits) For personal use only Indexed to 1 since inception 3.80 3.30 2.80 2.30 1.80 1.30 0.80 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2015 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020
Slide 14: Market Update
For personal use only 13 Market Update
Slide 15: RBA forecasts three years of record low 0.1% cash rate
RBA forecasts three years of record low 0.1% cash rate OFFICIAL RBA CASH RATE EXPECTATIONS – EVEN LOWER FOR LONGER For personal use only RBA cash rate 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Oct-2005 Jul-2006 Apr-2007 Oct-2008 Jul-2009 Apr-2010 Oct-2011 Jul-2012 Apr-2013 Oct-2014 Jul-2015 Apr-2
Slide 16: Yields on all asset classes have fallen
Yields on all asset classes have fallen BUT NOTE THE RECENT INCREASE For personal use only Plato Aussie Income Fund (gross normalised) S&P200 Gross CashRate 12 Mth Term Deposit 3yr BBB Credit 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Sep-2012 Sep-2013 Sep-2014 Sep-2015 Sep-2016 Sep-2017 Sep-2018 S
Slide 17: Tax effective buy-backs can be very advantageous
Tax effective buy-backs can be very advantageous CBA BUYBACK – WORTH 14% AFTER TAX FOR ZERO TAX INVESTORS For personal use only • A$6bn off market buyback - >3.5% of shares on issue • Worth 14% for zero tax-paying investors (e.g. many pensioners) for every share successfully tendered • 79.4% scale-b
Slide 18: Big Aussie income stocks doing it tough
Big Aussie income stocks doing it tough! 6 STOCKS ACCOUNT FOR NEARLY HALF OF ALL DIVIDENDS For personal use only Price Performance - Rebased % of Gross Dividend Income - FY21 1.30 1.20 1.10 BHP Group 1.00 Commonwealth Bank Fortescue Metals 0.90 ANZ 0.80 National Australia Bank Rio Tinto 0.70 Other 0
Slide 19: Winning by not losing - avoiding dividend traps
Winning by not losing - avoiding dividend traps AGL ENERGY UP TO 14% GROSS DIVIDEND YIELD For personal use only Source: Plato, Bloomberg 18
Slide 20: Results season August 2021 - Dividends
Results season August 2021 - Dividends EARNINGS UP AND DIVIDENDS EVEN MORE For personal use only • Over $38bn in dividends have been declared, $17bn more than last year 2020 AND 2021 CHANGE IN DIVIDENDS (VS PRIOR and $10bn more than in 2019. COMPARABLE PERIOD) • Strong dividend increases: Average Me
Slide 21: Dividend Outlook has improved significantly over past year
Dividend Outlook has improved significantly over past year LARGE DIVIDEND AVERAGE % CHANCE OF DIVIDEND CUTS FOR AUSTRALIAN MARKET For personal use only Source: Plato, based on MSCI World IMI (Australian portion) 20
Slide 22: Asset Class Outlook for Income
Asset Class Outlook for Income FORECAST 12 MONTH INCOME AS AT 01/09/2021 For personal use only 31/12/2020 2/03/2021 1/09/2021 6% 5% 4% 3% 2% 1% 0% Official Overnight 10yr Aust Bonds Term Deposits* Company BB MSCI World ex REITs Aust Equities Cash Credit* Aust (Gross) Source: Plato, Bloomberg, *RBA.
Slide 23: Conclusion
Conclusion For personal use only Bad news: Interest rates to remain at historic lows – 2-3 years of bad news for retirees in term deposits Good news: Dividends are rebounding strongly – Plato dividend cut model returns to normal – Strong dividends from iron ore miners and banks – Take advantage of t
Slide 24: Thank You - Questions
For personal use only 23 THANK YOU Questions
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