Utilico Emerging Markets Trust PLC GBP · LSE:UEM
Utilico Emerging Markets Trust PLC GBP — Utilico Emerging Markets Trust — Investor Presentation (July 2025)
21 slides from Utilico Emerging Markets Trust PLC GBP's investor presentation, July 2025
Slide 1: Investor Presentation July 2025
Investor Presentation July 2025
Slide 2: Important Notice
IMPORTANT NOTICE By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Utilico Emerging Markets Trust plc (“UEM”) solely to give an overview of UEM. Th
Slide 3: Introduction
Introduction UK listed closed ended investment trust investing in infrastructure and utilities in emerging markets GE Targets listed infrastructure OG Emerging markets focused S RA and utilities assets CU P Sector knowledge unrivalled O Assets typically operational F H T IC SE and cash gener
Slide 4: Strong NAV and Share Price Performance
Strong NAV and Share Price Performance Fund Performance1 Key Highlights NAV annual compound return NAV per MSCI EM Out- Total return Year to date share 8.9% Index performance 5.2% 3.7% 9.1% 3 years 26.9% 17.2% 9.7% 5 years 54.7% 25.5% 29.2% Inception 471.1% 325.3% 145.8% NAV total return per share 4
Slide 5: Attractive Dividend
With strong dividend growth since inception Attractive Dividend Only Global EM fund included in the AIC’s Next Generation Dividend Heroes % of UEM’s portfolio DPS CAGR Dividend yield Covered dividend. companies paying a 2007-25 above peers1 Reserves of1: dividend 7.9% 3.7% 8.03p > 80% Fund Launch 2
Slide 6: Why UEM invests in Emerging Markets
Why UEM invests in Emerging Markets Long term fundamental pillars driving sustainable and accelerating growth POSITIVE INCREASE IN DEMOGRAPHICS URBANISATION STRUCTURAL GROWTH DRIVERS STRONG GDP RISE OF THE GROWTH MIDDLE CLASS Page 4
Slide 7: UEM Direct Beneficiary of Global Infrastructure Megatrends
UEM Direct Beneficiary of Global Infrastructure Megatrends Rapid economic Need for essential social development of EM driving infrastructure demand Growth of middle-class driving Energy Decarbonisation of the energy Social need for investment Growth and matrix Infrastructure Rapid urbanisa
Slide 8: Emerging Markets Continues to be Attractively Valued
Emerging Markets Continues to be Attractively Valued And….UEM’s portfolio continues to be attractively valued US v’s Rest of the World1 EM v’s DM – Relative2 P/BV and RoE 12m Consensus PE P/E and Dividend Yield Dividend Yield UEM currently trades on a 11.6% discount with a 3.7% dividend yield3 1. So
Slide 9: UEM's Resilient Portfolio
UEM’s Resilient Portfolio Despite macro volatility and geopolitical uncertainty investment in infrastructure will prevail Geopolitical Tensions Geopolitical UEM's portfolio designed to withstand macroeconomic volatility and Tensions geopolitical uncertainties – crucial for today’s needs and tomorrow
Slide 10: Differentiated Absolute Return Portfolio
Differentiated Absolute Return Portfolio Unique, actively managed, benchmark agonistic portfolio providing resilience to cyclicality UEM Portfolio MSCI Emerging Markets Index % in UEM's % in MSCI EM Sector in Sector Sector portfolio Index UEM Electricity 19.5% Financials 24.5% Water and Waste 18.0
Slide 11: Outlook for 2H25
Outlook for 2H25 Geopolitical uncertainty defining the investment landscape US – high degree of macro/policy uncertainty and unpredictability Global market impacted by tariff headwinds which are stalling corporate investment decisions US direction of inflation and interest rates unclear Anti
Slide 12: UEM's Unique and Compelling Investment Case
UEM’s Unique and Compelling Investment Case Actively managed infrastructure investment trust focused on EMl for enduring growth that transcends interest rate cycles, inflation trends and market volatility. Portfolio Emerging market infra megatrends Performance Long term Cash generative N outperforma
Slide 13: Appendix
Appendix ©2022 Andre S. Prietsch
Slide 14: UEM Top Twenty as at 30 June 2025
UEM Top Twenty as at 30 June 2025 Diversified portfolio Company Country Sector Megatrend % of UEM 1 Orizon Valorizacao de Residuos S.A. Water & Waste 5.9% 2 Cia de Saneamento Basico do Estado de Sao Paulo (Sabesp) Water & Waste 5.2% 3 International Container Terminal Services, Inc. (ICT) Ports 4.7%
Slide 15: Portfolio Construction
Portfolio Construction Risk mitigation through sector and geographical diversification Sector Diversification Sector (%) Portfolio Construction Number of Approximately 75 holdings – top 30 is 75.4% of holdings portfolio2 Primarily equity, but unrestricted and can invest in Asset type bonds, conv
Slide 16: ESG Investment Approach
ESG Investment Approach UEM has an embedded ESG into the investment framework ESG approach % of UEM’s top 30 disclosing ESG factors1 In-depth analysis of the key 63% issues that face potential and conducted a climate current holdings, as well as a 73% risk assessment 87% Understanding deep understan
Slide 17: UEM benefitting from EM Structural Growth Drivers
UEM benefitting from EM Structural Growth Drivers Fundamental pillars driving sustainable and accelerating growth in EM Positive demographics1 Increase in urbanisation2 Median age (Years) Rise of the middle class3 Strong GDP growth4 Growth 2015-2030 60.6% 25.0% 10.5% 2.9% -0.4% 153.0% Underlying dri
Slide 18: Megatrends Driving Upside in Emerging Markets
Megatrends Driving Upside in Emerging Markets Infrastructure related investments are the key drivers of global ‘megatrends’ Rapid economic development requires Emerging market economies offer significant investment in energy strong GDP growth increasing their infrastructure importance in the share o
Slide 19: Investment Approach
Investment Approach Detailed analysis generates a high conviction, benchmark agnostic portfolio UEM Portfolio Portfolio Construction - Competition for inclusion - Trade timing and allocation - Portfolio monitoring and review Investment Analysis - Fundamental analysis and financial forecasting of inv
Slide 20: ICM Investment Team
ICM Investment Team Dedicated investment team with over 100 years of experience Charles Jillings Jacqueline Broers Joint Portfolio Manager Joint Portfolio Manager CEO, ICM Transportation & Utilities Mark Lebbell Eduardo Greca George Velikov Senior Analyst Head of Latam Head of EMEA Digital Infrastru
Slide 21: Fund Facts
Fund Facts Fund size as at 30 June 2025 £524.9m UEM Trading on the Main Market of the London Stock Exchange Ordinary shares in issue as at 30 June 2025 183.9m 1.0% of NAV up to and including £500m; 0.9% of NAV exceeding £500m up to and including £750m; Management Fee 0.85% of NAV exceeding £
Utilico Emerging Markets Trust — Investor Presentation (July 2025) on 6ix