Wam Income Maximiser Limited · ASX:WMX
Wam Income Maximiser — Investor Presentation (October 2025)
18 slides from Wam Income Maximiser's investor presentation, Oct 15, 2025
Slide 1: Delivering monthly income and capital growth
For personal use only Delivering monthly income and capital growth by investing in high-quality Australian companies and corporate debt instruments
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by WAM Income Maximiser Limited (ACN 683 776 954) (Company) and Wilson Asset Management (International) Pty Limited For personal use only (ACN 081 047 118) (AFSL no. 247 333) (Wilson Asset Management). The information contained in this presentation is f
Slide 3: Investment characteristics
Investment characteristics For personal use only The only Australian LIC built on a Multiple levers to generate Actively managed fund at sophisticated multi-asset diversified returns and lower risk security and asset allocation platform levels Able to pursue hedging or Monthly fully franked dividend
Slide 4: Investment Process
Investment Process For personal use only Equity Fundamental Macroeconomic Market Research Analysis Positioning Debt 4
Slide 5: Investment portfolio snapshot
Investment portfolio snapshot at 30 September 2025 Equity portfolio For personal use only Portfolio vs. market volatility Weighted average yield, Sharpe ratio Portfolio allocation 75.5% (since 30-Apr-25) including franking credits (since 30-Apr-25) Gross dividend yield 4.1% 5.8% | 5.2%* 4.6% 2.7 (pa
Slide 6: WMX successfully deployed
WMX successfully deployed For personal use only On track to deliver outcomes ahead of time • Outperformed benchmark since successfully deploying IPO proceeds in May 2025. • Portfolio on track to exceed target income return of RBA cash rate + 2.5% within the first 12-months. • Fully deployed in May a
Slide 7: Investment portfolio performance
Investment portfolio performance For personal use only FYTD Since inception Since fully invested^ Performance as at 30 September 2025 (3-mth) (Apr-25) (15-May-25) WAM Income Maximiser Investment Portfolio 5.4% 8.6% 7.3% Benchmark* 3.5% 10.5% 5.8% Investment Portfolio Outperformance +1.9% -1.9% +1.5%
Slide 8: Monthly fully franked dividend income and capital growth
Monthly fully franked dividend income and capital growth Cents per share For personal use only 0.6 Monthly Dividends October 2025 monthly fully franked dividend 0.17 payable on 31 October 2025. 0.15 Target Income Return & Capital 0.4 0.13 Growth 0.11 The Company aims to provide monthly franked divid
Slide 9: Share price premium to NTA since inception
Share price premium to NTA since inception For personal use only $1.68 Share price at 14 October 2025 $1.605 Net Tangible Assets (NTA) per share before tax at 30 September 2025 5.3 cps Capital profits reserve at 30 September 2025 2.3 cps Profits reserve at 30 September 2025 9
Slide 10: There are many benefits from the WMX multi-asset approach
There are many benefits from the WMX multi-asset approach For personal use only More insight and more levers means more alpha capture • WMX has demonstrated multiple examples of both cross-asset divergences, and corroborations to capitalise on trading opportunities. • The multi-asset perspective hel
Slide 11: Key placement terms
Key placement terms For personal use only Placement size (up to) $120.15 million Placement securities (up to) 75,000,000 fully paid ordinary shares $1.602 per share (September 2025 pre-tax NTA, adjusted for the October 2025 Placement price monthly fully franked dividend) Bookbuild date Wednesday, 15
Slide 12: Appendix
For personal use only Appendix
Slide 13: Macro factors are supportive of WMX
Macro factors are supportive of WMX For personal use only Hybrid enhancement, inflation protection, global carry and diversification • Hybrid enhancement: As APRA phases out hybrids, displacing +$30 billion of cash that must be redeployed in similar or better income products. • Inflation protection:
Slide 14: Expected Australian and US debt market returns
Expected Australian and US debt market returns For personal use only 14
Slide 15: Equity sector allocation based on yield curve regime
Equity sector allocation based on yield curve regime For personal use only Ranked Sectors Bear Steepening Bear Flattening Bull Steepening Bull Flattening 1 Mining Mining Staples Real Estate 2 Energy Div. Financials Utilities Utilities 3 Div. Financials Technology CommunicationsCommunications 4 Insur
Slide 16: Expected commodity returns
Expected commodity returns For personal use only 16
Slide 17: Expected global cross-asset correlations
Expected global cross-asset correlations For personal use only 17
Slide 18: Expected global equity factor returns
Expected global equity factor returns For personal use only 18
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