Australian United Investment Co. Ltd. · ASX:AUI
Australian United Investment — Shareholder Meeting (October 2025)
21 slides from Australian United Investment's shareholder meeting presentation, Oct 15, 2025
Slide 1: 2025 AGM Chairman's Address and Presentation
Australian United Investment Company Limited 15 October 2025 ASX Announcement 2025 Annual General Meeting (AGM) Chairman’s Address and Presentation In accordance with the ASX Listing Rules, attached for release to the market is the Chairman’s Address and presentation slides which will be delivered t
Slide 2: Chairman's Address
Australian United Investment Company Limited Chairman’s Address Delivered by Mr Charles Goode at the 71st Annual General Meeting of the Company, held at 171 Collins Street, Melbourne and by audio webcast on Wednesday 15th October 2025 at 11.00am. AUI’s investment objectives are: • To maintain the co
Slide 3: Chairman's Address (continued)
AUI’s operating expenses (excluding borrowing costs) were equivalent to 0.10% of the average market value of the portfolio, unchanged from last year. Bank borrowing facilities were $145 million, drawn as to $25 million at the end of the financial year. The composition of the portfolio by sector at 3
Slide 4: Chairman's Address (continued)
Very broadly, there are nearly 400 ETF’s available to Australia with a market capitalisation totalling around $300 billion compared to around 90 Listed Investment Companies and Listed Investment Trusts with a market capitalisation of around $55 billion. We have sought to counter this discount by bri
Slide 5: For personal use only
For personal use only Australian United Investment Company Limited 2025 Annual General Meeting 1
Slide 6: Disclaimer
Disclaimer For personal use only Any information in this document has been prepared for the purposes of providing general information only, without taking account of any particular investor's objectives, financial situation or needs. Australian United Investment Company Limited is not licensed to pr
Slide 7: Investment Objectives
Investment Objectives For personal use only • To create and maintain a diversified portfolio of quality Australian companies, primarily through shares listed on the ASX, with a medium to long term view of providing capital and income appreciation; • To manage the portfolio to monitor and reduce risk
Slide 8: Strong Long-term Performance
Strong Long-term Performance $90,000 25 years to June 2025: For personal use only $80,000 $10k in AUI NTA Accum. = $86,437 $10k in ASX200 Accum. = $72,685 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 2025 Annual General Meeting 4 Australian United Investment Company Limited
Slide 9: Profit after tax
Profit after tax 80 72.0 For personal use only 60 20.9 56.4 Profit after tax, $M 1.2 49.1 49.9 0.4 40.5 1.3 40 7.5 55.2 51.1 47.8 49.5 20 33.0 0 2021 2022 2023 2024 2025 Underlying profit * Special dividends * Statutory profit less special dividends. 2025 Annual General Meeting 5 Australian United I
Slide 10: Dividends Paid
Dividends Paid 45 40 Annual growth rate: 4.3% For personal use only 35 (excl. special) 30 25 20 15 10 5 - Ordinary Dividends Special Dividends As announced on 21 August 2025, AUI intends (subject to unforeseen circumstances) to declare an annual special dividend of eight cents per share in each of t
Slide 11: Operating expenses and borrowings
At 30 June 2025 For personal use only FY25 FY24 Operating expenses 0.10% 0.10% Bank borrowing facilities $145M $175M Bank borrowings drawn $25M $77M Net debt / portfolio ex-cash 0.8% 3.6% 2025 Annual General Meeting 7 Australian United Investment Company Limited
Slide 12: Sector Allocations
Sector Allocations As at 30 September 2025 For personal use only Real Estate - 2.5% Cash and equivalents - 1.2% Industrials, Utilities and IT - 15.5% Banks and Financials - 32.4% Healthcare - 8.7% Consumer and Communications - 19.6% Mining and Energy - 20.1% 2025 Annual General Meeting 8 Australian
Slide 13: Portfolio Transactions
Portfolio Transactions For personal use only During the year to 30 June 2025 Largest acquisitions: Largest disposals: New investments in Santos, APA Group Sale of holdings in SEEK, Ramsay Healthcare Addition to holdings in Origin Energy, Newmont, NextDC and Challenger Reduction of holdings in Woodsi
Slide 14: NTA Accumulation Performance
NTA Accumulation Performance 10 years to 30 June 2025 240 For personal use only AUI Pre-tax NTA Accumulation Performance 220 AUI Share Price Accumulation Performance ASX200 Accumulation Performance 200 180 160 140 120 100 80 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Evans and Pa
Slide 15: On-market Share Buyback
On-market Share Buyback For personal use only During the year to 30 June 2025 Shares bought back Total spent 132,766 $1.4 million Since buyback commenced, to 10 October 2025 Shares bought back Total spent 2,920,405 $30.1 million 2025 Annual General Meeting 11 Australian United Investment Company Lim
Slide 16: For personal use only
For personal use only Australian United Investment Company Limited 2025 Annual General Meeting 12
Slide 17: Resolution: Remuneration Report
Resolution 2 Remuneration Report For personal use only That the Remuneration Report that forms part of the Directors’ Report for the Company for the financial year ended 30 June 2025 be adopted. Proxy votes received prior to the meeting are as follows: For Open Against Abstain 73,383,969 456,900 739
Slide 18: Resolution: Re-election of Mr Dion Hershan
Resolution 3 Re-election of Mr Dion Hershan For personal use only That Mr Dion Hershan, a Director retiring from office by rotation in accordance with clause 65 of the Constitution, being eligible, is re-elected as a Director of the Company. Proxy votes received prior to the meeting are as follows:
Slide 19: Resolution: Re-election of Mr Wayne Kent
Resolution 4 Re-election of Mr Wayne Kent For personal use only That Mr Wayne Kent, a Director retiring from office by rotation in accordance with clause 65 of the Constitution, being eligible, is re-elected as a Director of the Company. Proxy votes received prior to the meeting are as follows: For
Slide 20: Resolution: Renewal of Proportional Takeover Provisions
Resolution 5 Renewal of Proportional Takeover Provisions For personal use only This is a Special Resolution: That the proportional takeover provisions in the form set out in clause 25 of the Company’s Constitution be renewed for a period of three years from the date of the meeting. Proxy votes recei
Slide 21: For personal use only
For personal use only Australian United Investment Company Limited 2025 Annual General Meeting 17
Australian United Investment Company — Shareholder Meeting (October 2025) on 6ix