BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — Corporate Update (April 2023)
20 slides from BKI Investment's corporate update, Apr 17, 2023
Slide 1: 2023 Share Purchase Plan (SPP) & 3rd Quarter Update
For personal use only BKI Investment Company Limited 2023 Share Purchase Plan (SPP) & 3rd Quarter Update BKI is managed by Contact Asset Management AFSL 494045
Slide 2: Disclaimer
For personal use only Disclaimer The material within this document (The Presentation, Presentation) has been prepared by Contact Asset Management on behalf of BKI Investment Company Limited and has been prepared for publication in Australia and may not be released or distributed in the United States
Slide 3: 2023 Share Purchase Plan Overview
For personal use only 2023 Share Purchase Plan Overview Key Points of the SPP • Opportunity to subscribe for up to $30,000 worth of new BKI shares1 • SPP Shares eligible for the fully franked final dividend expected to be at least 3.70cps2 • Each Director intends to participate for the maximum amoun
Slide 4: Key Dates - SPP and FY2023 Results
For personal use only 2023 Share Purchase Plan Overview Key Dates - SPP and FY2023 Results SPP Key Dates Record Date – 5.00pm Sydney time Wednesday 22 March 2023 Opening Date – 9.00am Sydney time Thursday 30 March 2023 Closing Date – 5.00pm Sydney time Friday 28 April 2023 Issue Price announced to A
Slide 5: SPP Shares eligible for the fully franked final dividend
For personal use only SPP Shares eligible for the fully franked final dividend All SPP Shares will rank equally with existing ordinary, fully paid BKI shares, including being eligible for any fully franked final dividend declared by BKI in respect of the 2023 financial year. 5.00 SPP Shares eligible
Slide 6: Discount to NTA – As at April 2023
For personal use only Discount to NTA – As at 14 April 2023 The maximum price that Eligible Shareholders will pay is $1.67 per SPP Share. $1.90 This represents a 7% $1.85 $1.80 5% 7.2% $1.75 discount to BKI’s $1.70 2% Weekly Pre-Tax NTA as at 14 April 2023 $1.65 -1% of $1.80. $1.60 $1.55 -3% $1.50 -
Slide 7: What will the proceeds under the SPP be used for?
For personal use only What will the proceeds under the SPP be used for? The funds will be used to continue to deliver on BKI’s investment strategy by investing for the long term in profitable, high income producing, well managed companies. BKI believes that the current market is offering a great opp
Slide 8: What will the proceeds under the SPP be used for? PE Multiple
For personal use only What will the proceeds under the SPP be used for? BKI believes that the current market is offering a great opportunity for the long-term investor. ASX 300 Index – PE Multiple - Last 5 Years As at 31 March 2023 the PE Multiple for the BKI Portfolio is 13.4X compared to the PE Mu
Slide 9: What will the proceeds under the SPP be used for? Dividend Yield
For personal use only What will the proceeds under the SPP be used for? BKI believes that the current market is offering a great opportunity for the long-term investor. ASX 300 Index – PE Multiple - Last 5 Years As at 31 March 2023 the Dividend Yield for the BKI Portfolio is 5.6% compared to the Div
Slide 10: BKI's Main Investments – Focusing on Quality
For personal use only What will the proceeds under the SPP be used for? BKI’s Main Investments – Focusing on Quality BKI aims to generate an increasing income stream for distribution to shareholders in the form of fully franked dividends. We achieve this through long term investment in a portfolio o
Slide 11: BKI's Main Investments – Active Weight by Sector
For personal use only What will the proceeds under the SPP be used for? BKI’s Main Investments – Focusing on Quality Energy 6.6% Utilities 5.3% Cash 3.4% Consumer Discretionary Overweight 2.7% Consumer Staples 2.2% Industrials 2.1% Communication Services 2.0% Financials 1.4% Health Care -3.5% Real E
Slide 12: Long Term Investing – Cumulative Share Price Returns
For personal use only Long Term Investing – As at 31 March 2023 Cumulative Share Price Returns Assuming all dividends were reinvested and using the benefit of franking credits, the cumulative share price of BKI shares is currently $6.12 per share. $7.00 $6.12 $6.50 $6.00 $5.50 $5.00 $4.50 $4.00 $3.5
Slide 13: Performance – As at February 2023
For personal use only Performance – As at 28 February 2023 Ord Minnett Research - Listed Investment Companies February 2023 performance review and sector update “Preferred LIC BKI Investment Company (BKI) returned -1.5% TSR and -2.1% on a pre-tax NTA basis. The fund currently trades on an estimated
Slide 14: 3rd Quarter Update 2023
For personal use only BKI Investment Company Limited 3rd Quarter Update 2023 BKI is managed by Contact Asset Management AFSL 494045
Slide 15: Portfolio Positioning – Purchases/Disposals
For personal use only FY2023 - 3rd Quarter Update Portfolio Positioning – Purchases/Disposals during January 2023 – March 2023 Purchases Disposals Add Exit 15 Source: BKI, Contact Asset Management. As at 31st March 2023.
Slide 16: Top Investments - 2023
For personal use only FY2023 - 3rd Quarter Update Top 25 Investments - as at 31 March 2023 Stock % of Total Portfolio Stock % of Total Portfolio 1 BHP Group 9.4% 14 Rio Tinto Limited 2.7% 2 Macquarie Group 8.7% 15 ARB Corporation 2.3% 3 Commonwealth Bank 6.8% 16 Harvey Norman Holdings 2.2% 4 APA Gro
Slide 17: Total Shareholder Returns (TSR) - 2023
For personal use only FY2023 - 3rd Quarter Update Total Shareholder Returns (TSR) - as at 31 March 2023 BKI’s TSR, including franking credits, was positive 8.3% for 1 year, outperforming the S&P/ASX Accumulation Index (franked at 70%) by 7.3%. 17 Source: BKI, Contact Asset Management, Factset. IRESS
Slide 18: Ordinary Investment Revenue - 2023
For personal use only FY2023 - 3rd Quarter Update Ordinary Investment Revenue - as at 31 March 2023 Following another successful reporting season, BKI expects to receive over $67.0m in Ordinary Investment Revenue (excluding Special Dividend Income) for FY2023. This compares favourably to BKI’s FY202
Slide 19: BKI Investment Company
For personal use only BKI Investment Company A sensible, low cost investment option, focused on quality - as at 31 March 2023. Historical Grossed 1 Year TSR^ 3 Year TSR^ MER Dividend Yield 1^ 7.4% 8.3% 19.1%pa 0.18% As at 31 March 2023 As at 31 March 2023 As at 31 March 2023 As at 31 December 2022 F
Slide 20: For personal use only
For personal use only For more information, please visit www.bkilimited.com.au
BKI Investment Company — Corporate Update (April 2023) on 6ix