Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — Investor Presentation (June 2018)
13 slides from Washington H. Soul Pattinson And's investor presentation, Jun 19, 2018
Slide 1: Investor presentation
19/06/2018 For personal use only Investor presentation 19 June 2018 History Founded in 1872 Head office occupied since 1886 Listed in 1903 Robert Millner, 4th generation Chairman Pharmaceutical interests 4.6% of portfolio Current market capitalisation over $4.9b 2 1
Slide 2: Business overview
19/06/2018 Business overview For personal use only DIVERSIFIED LONG TERM DISCIPLINED PORTFOLIO INVESTOR INVESTOR OVER THE LAST 15 YEARS WHSP HAS CONTINUALLY DELIVERED A TSR OF INCREASED DIVIDENDS 13% PER ANNUM (one of only two companies in the (outperforming the All Ords All Ordinaries Index to do s
Slide 3: A history of outperformance
19/06/2018 A history of outperformance To 31 May 2018 For personal use only 14.8% 14.0% 14.1% 13.0% 10.8% 10.5% 9.8% 9.5% 9.1% 8.5% 6.4% 5.1% 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year WHSP TSR All Ords Accumulation TSR As at 31 May 2018. Includes the re‐investment of dividends 5 A history of outp
Slide 4: A history of outperformance
19/06/2018 A history of outperformance Growth of $1,000 invested in 1978 For personal use only $504,937 $500,000 $1,000 invested in 1978 worth $400,000 $504,937 in 2018 Compound annual return of $300,000 16.8% for 40 years $200,000 $100,000 $ 1978 1983 1988 1993 1998 2003 2008 2013 2018 As at 31
Slide 5: Portfolio overview
19/06/2018 Portfolio overview As at 31 January 2018 For personal use only 9 TPG Telecom Limited 9 years of performance since merger 10 5
Slide 6: TPG Telecom Limited
19/06/2018 TPG Telecom Limited Broadband subscribers ‐ migration to NBN For personal use only 11 TPG Telecom Limited NBN products 12 6
Slide 7: TPG Telecom Limited
19/06/2018 TPG Telecom Limited Strong growth in data downloads from mobile devices For personal use only Mobile data downloaded and mobile handsets 250,000 30.0 TB of data downloaded per quarter Number of mobile subscriptions 200,000 25.0 20.0 150,000 15.0 100,000 10.0 50,000 5.0 0 0.0 Dec Jun Dec J
Slide 8: New Hope Corporation Limited
19/06/2018 New Hope Corporation Limited Strong recovery in thermal coal prices For personal use only $160.0 Thermal coal price (AUD) $140.0 $120.0 $100.0 $80.0 $60.0 New Hope acquires Bengalla for c.$900m $40.0 Dec‐08 Apr‐09 Aug‐09 Dec‐09 Apr‐10 Aug‐10 Dec‐10 Apr‐11 Aug‐11 Dec‐11 Apr‐12 Aug‐12 Dec‐1
Slide 9: New Hope Corporation Limited
19/06/2018 New Hope Corporation Limited New Acland Mine For personal use only 11 year process continuing 288 FTE jobs Approximately 500 contractors PwC estimates the mine continuation will contribute $8.1b to stakeholders Coal mining in Acland for over 100 years 17 New Hope Corporation Lim
Slide 10: Brickworks Limited
19/06/2018 Brickworks Limited For personal use only Relationship since 1969 Solid investment for each company Provides consistency to the earnings and dividends Provides strength to both companies 19 Financial Services Portfolio Portfolio value of $439m* PENGANA INTERNATIONAL EQUITIES LIMITE
Slide 11: Financial Services Portfolio
19/06/2018 Financial Services Portfolio Growth in superannuation assets in Australia to 2035 For personal use only 21 Pharmaceutical Portfolio Portfolio value of $239m* 19.4% 30.3% 19.3% * Market values as at 31 January 2018 22 11
Slide 12: Copper, zinc and gold
19/06/2018 Copper, zinc and gold For personal use only Copper supply and demand Zinc Inventories at low levels (million tonnes) 23 Copper, zinc and gold projects 24 12
Slide 13: Investment approach capitalises on our strengths
19/06/2018 Investment approach capitalises on our strengths For personal use only Investments in cost competitive companies DISCIPLINED Discipline on operating costs and investment cost Counter‐cyclical investments LONG TERM Long term investment themes Stable and trusted investment partner
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