Australian United Investment Co. Ltd. · ASX:AUI
Australian United Investment — Shareholder Meeting (October 2024)
19 slides from Australian United Investment's shareholder meeting presentation, Oct 16, 2024
Slide 1: 2024 Annual General Meeting Chairman's Address and Presentation
Australian United Investment Company Limited 16 October 2024 ASX Announcement 2024 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 70th Annual General Meeting of the Company, held at 171 Collins Street, Melbourne and by audio webcast on Wednesday 16th October 2024 at 11.00am. AUI’s investment objectives are: • To maintain the co
Slide 3: Chairman's Address (continued)
Together with the interim dividend of 17 cents per share, total dividends declared for the year are 45 cents per share fully franked. AUI has a long history of paying reliable fully franked dividends and has maintained or increased its dividends paid per share every year since 1994. AUI’s operating
Slide 4: Outlook
Outlook The Australian economy is slowing with poor productivity, inflation is moderating and the next move in interest rates seems to be a reduction in the next calendar year. The Commonwealth and Statement Governments will be facing expenditure issues with demands for increased expenditure on heal
Slide 5: Australian United Investment Company Limited 2024 Annual General Meeting
For personal use only Australian United Investment Company Limited 2024 Annual General Meeting
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 2024: For personal use only $10k in AUI NTA Accum. = $85,425 $80,000 $10k in ASX200 Accum. = $75,318 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 AUI NTA Accumulation ASX200 Accumulation 2024 Annual General Meeting Australian United In
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 41.1 1.3 1.1 40.5 40 7.5 55.2 51.1 47.8 20 40.0 33.0 0 2020 2021 2022 2023 2024 Underlying profit * Special dividends * Statutory profit less special dividends. 2024 Annual General Meeting Australian United Inv
Slide 10: Dividends Paid
Dividends Paid 45 Annual growth rate: 4.1% For personal use only 40 (excl. special) 35 Dividends paid, cents per share 30 25 20 15 10 5 - Ordinary Dividends Special Dividends As announced on 15 August 2024, AUI intends (subject to unforeseen circumstances) to declare an annual special dividend of ei
Slide 11: Operating expenses and borrowings at June 2024
At 30 June 2024 For personal use only FY24 FY23 Operating expenses 0.10% 0.10% Bank borrowing facilities $175M $195M Bank borrowings drawn $77M $86M Net debt / portfolio ex-cash 3.6% 5.3% 2024 Annual General Meeting Australian United Investment Company Limited
Slide 12: Sector Allocations
Sector Allocations As at 30 September 2024 For personal use only Real Estate - 2.5% Cash and equivalents - 1.4% Industrials, Utilities and IT - 13.3% Banks and Financials - 30.2% Healthcare - 11.3% Consumer and Communications - 19.2% Mining and Energy - 22.2% 2024 Annual General Meeting Australian U
Slide 13: Portfolio Transactions
Portfolio Transactions For personal use only During the year to 30 June 2024 Largest acquisitions: Largest disposals: New investments in Brickworks, Sale of holdings in Reece, Goodman Newmont Group, James Hardie Addition to holdings in Resmed, Full disposal of Link via Scheme of NextDC, Origin Energ
Slide 14: NTA Accumulation Performance years to June 2024
NTA Accumulation Performance 10 years to 30 June 2024 220 For personal use only AUI NTA Accumulation Performance 200 AUI Share Price Accumulation Performance ASX200 Accumulation Performance 180 160 140 120 100 80 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: Evans and Partners 1 yea
Slide 15: Australian United Investment Company Limited 2024 Annual General Meeting
For personal use only Australian United Investment Company Limited 2024 Annual General Meeting
Slide 16: 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 2024 be adopted. Proxy votes received prior to the meeting are as follows: For Open Against Abstain 73,641,917 496,418 418
Slide 17: Resolution: Re-election of Mr Charles Goode
Resolution 3 Re-election of Mr Charles Goode For personal use only That Mr Charles Goode, 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 18: Resolution: Increase in Non-Executive Directors' fee limit
Resolution 4 Increase in Non-Executive Directors’ fee limit For personal use only That, for the purposes of Clause 68.1 of the Constitution and Listing Rule 10.17, the maximum amount that may be paid to Directors as a whole in respect of their services in any year is increased from $600,000 to $800,
Slide 19: Australian United Investment Company Limited 2024 Annual General Meeting
For personal use only Australian United Investment Company Limited 2024 Annual General Meeting
Australian United Investment Company — Shareholder Meeting (October 2024) on 6ix