Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — FY2026 Earnings Presentation
25 slides from Plato Income Maximiser's earnings presentation, Sep 7, 2026
Slide 1: Shareholder webinar reminder and presentation on full year results
Plato Income Maximiser Limited Level 25 Australia Square Tower 264 George Street Sydney NSW 2000 T: 1300 010 311 E: invest@plato.com.au ACN 616 746 215 7 September 2026 By Electronic Lodgement Market Announcements Office ASX Ltd 39 Martin Place SYDNEY NSW 2000 For personal use only Dear Sir/Madam Sh
Slide 2: Company FY26 Results
COMPANY FY26 RESULTS 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. This communication has been prepared by Plato Income Maximiser Limited ABN 63 616 746 215 (PL8). Nothing contained in this communication constitutes investment, legal, business, taxation or other advice. This commun
Slide 4: Agenda
Agenda 01 PL8 Company Update For personal use only 02 Market update 03 Questions 3
Slide 5: PL8
For personal use only 4 PL8 Company Update
Slide 6: FY26 results highlights
FY26 results highlights CONTINUING TO DELIVER ON COMPANY OBJECTIVES For personal use only • Total dividends of $0.066 per share, equivalent to a distributed yield of 6.7%1,4 for the year, +2.5% compared to benchmark of 4.2% (and +2.4% p.a. to benchmark since inception5) • Total portfolio return of 7
Slide 7: PL8 NTA performance breakdown for FY26
PL8 NTA performance breakdown for FY26 PRE-TAX NTA PER PL8 SHARE* For personal use only Source: Plato. *Excludes franking credits. Portfolio performance is net of management fees. 6
Slide 8: PL8 investment portfolio performance
PL8 investment portfolio performance PERFORMANCE TO 30 JUNE 2026 AFTER FEES AND COSTS PORTFOLIO PERFORMANCE1 For personal use only 1 YR P.A. INCEPT. P.A. Total return2 7.2% 10.0% Income3 6.7% 7.5% Benchmark total return2 7.2% 9.9% Excess total return2 0.0% 0.1% Excess income3 2.5% 2.4% Excess franki
Slide 9: PL8 delivering high income month realised yield
PL8 delivering high income 12 month realised yield* 8.0% For personal use only 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% S&P/ASX 200 PL8 CASH 3.2 4.7 FRANKING FRANKING 1.0 2.0 Source: Plato, Bloomberg *to 30 June 2026 8
Slide 10: PL8 portfolio outperforming the Benchmark over full investment cycle
PL8 portfolio outperforming the Benchmark over full investment cycle Plato Aust. Shares Income Fund v S&P/ ASX200 Franking Credit Adjusted Daily Total Return Index (Tax Exempt) $550,000 $500,000 For personal use only $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Slide 11: Delivering consistent monthly income
Delivering consistent monthly income MONTHLY DIVIDENDS AT HIGHER LEVEL OF $0.0055 PER SHARE For personal use only First Australian LIC to pay monthly fully franked dividends Source: Plato. While monthly income has been more consistent since October 2017, this may change in the future. The declaratio
Slide 12: Share price at a premium to NTA
Share price at a premium to NTA PL8 PRICE VS PRE-TAX NTA PER SHARE SINCE LISTING For personal use only Source: Plato, IRESS. Past performance is illustrative only and not indicative of future performance. 11
Slide 13: Market Update
For personal use only 12 Market Update
Slide 14: Retirees are different
Retirees are different • Retirees are different to accumulators • They need to live off the income from their investments: • Investment income replaces regular salary For personal use only • They are taxed differently: • The first $2.1m in pension phase superannuation is tax free whereas accumulatio
Slide 15: Pension phase super tax rates are different
Pension phase super tax rates are different (what about that super cap?) $1.60 For personal use only $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $- Pension/Tax Exempt (0%) Super (15%) Super (30%) Individual (39%)# Top Individual (47%)* Fully Franked Dividend Long Term Capital Gain Short Term Capital G
Slide 16: Results season August 2026 - Dividends
Results season August 2026 - Dividends RESOURCES DIVIDENDS GROWING • Over $38bn in dividends have been declared. AUG 2026 CHANGE IN • 66% of companies increased dividends, 10% had flat dividend and 24% reduced dividends. For personal use only DIVIDENDS PCP • New dividends from Alkane Resources and G
Slide 17: Reporting Season Analysis: CBA
Reporting Season Analysis CBA • Strong result, FY26 Cash NPAT of $11.0bn, up 7% from PCP, 1-2% above expectations. For personal use only • Interim Dividend 270c vs 260c last year, up 4%. Equates to 4.1% annual gross yield. • Payout Ratio 77% of FY26 Earnings, towards upper end of 70-80% target. Disc
Slide 18: Reporting Season Analysis: BHP Group
Reporting Season Analysis BHP GROUP For personal use only • FY26 Underlying NPAT of US$13.2b up 30% vs pcp and 4% ahead of expectations driven by strong copper earnings. • Dividend declared was US99c, 51% higher than last year, which equates to an annual gross dividend yield of 5.6%. Increased payou
Slide 19: Reporting Season Analysis: JB Hi-Fi
Reporting Season Analysis JB HI-FI For personal use only • FY26 sales up 4.8%, EPS up 6.0%, marginally above expectations. Driven by higher sales in all divisions, particularly in NZ. • Final Dividend 127c, up 21% on pcp, but down 38% if including special div in Aug-2025. Equates to 5.9% annual gros
Slide 20: Reporting Season Analysis: Ampol
Reporting Season Analysis AMPOL For personal use only • 1H FY26 NPAT of $857m, up 376% vs pcp and slightly above expectations. • Interim dividend 185c up 363% vs pcp. Equates to 8.4% annual gross yield. Payout ratio of 51%. • Benefiting from record refining margins. Source: Plato 19
Slide 21: Reporting Season Analysis: Supermarkets
Reporting Season Analysis SUPERMARKETS For personal use only • Good result, FY26 NPAT of $1.26b, up 13.7% vs pcp (in line • Good result with FY26 NPAT of $1.59m, up 15.5% vs pcp with expectations) on sales up 2.8%. (slightly above expectations) on sales up 3.6%. • Final dividend 37c up 16% vs pcp. E
Slide 22: Reporting Season Analysis: Top Dividend Traps
Reporting Season Analysis TOP DIVIDEND TRAPS HIST. ANNUAL YIELD % DIVIDEND CUT STOCK For personal use only (30 JUN 2026) 7.5% 81% 11.7% 67% 7.2% 20% “Don’t trust historical yields” 21 Source: Plato, Bloomberg. Data as at 28 August 2026 (post Aug reporting)
Slide 23: Dividend outlook within normal range
Dividend outlook within normal range AVERAGE % CHANCE OF DIVIDEND CUTS FOR AUSTRALIAN MARKET Div Cut Probability - Australia Dec 2001 - Aug 2026 For personal use only 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 12/01 06/03 12/04 06/06 12/07 06/09 12/10 06/12 12/13 06/15 12/16 06/18 12/19 06/21 12/22 0
Slide 24: The Income Summary: Cautiously Optimistic
The Income Summary: Cautiously Optimistic For personal use only Caution: Interest rates are rising again, along with falls in property prices, which is pressuring the Australian consumer Optimism: Commodity prices have risen recently helping miners to increase dividends Active fund management critic
Slide 25: Thank you
For personal use only 24 Thank you Questions
Plato Income Maximiser — FY2026 Earnings Presentation on 6ix