AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2013)
17 slides from AMCIL's shareholder meeting presentation, Oct 9, 2013
Slide 1: AMCIL Limited 2013 AGM Presentation
For personal use only 9 October 2013 The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited 2013 AGM Presentation Dear Sir / Madam Please find attached a presentation that will be delivered to sh
Slide 2: Annual General Meeting 2013
For personal use only ANNUAL GENERAL MEETING 2013
Slide 3: Disclaimer
DISCLAIMER For personal use only AMCIL Limited, its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to the accuracy, c
Slide 4: Year in Summary
YEAR IN SUMMARY For personal use only June 2013 Reported profit ($m) 7.6 -15.0% Net operating result ($m) 6.5 +14.9% Dividend per share (cents) 8.0 +0.5 cent +5 cents special Total portfolio ($m) 191.5 Last year 159.7 MER (%) 0.77 Last year 0.84 Number of holdings 37 Down 3 ANNUAL GENERAL MEETING 20
Slide 5: Dividend History Since Recapitalisation Reflecting Policy of Paying Out Franking Credits
DIVIDEND HISTORY SINCE RECAPITLISATION REFLECTING POLICY OF PAYING OUT FRANKING CREDITS EACH YEAR For personal use only *Based on net operating result ANNUAL GENERAL MEETING 2013
Slide 6: Share Price Discount to NTA Has Declined
SHARE PRICE DISCOUNT TO NTA HAS DECLINED For personal use only ANNUAL GENERAL MEETING 2013
Slide 7: This Had a Significant Impact on Share Price Return
THIS HAD A SIGNIFICANT IMPACT ON SHARE PRICE RETURN – PER ANNUM RETURNS TO 30 SEPTEMBER 2013 For personal use only ANNUAL GENERAL MEETING 2013
Slide 8: Strong Gains in Industrials and Financials with Resources Underperforming Until Recently
STRONG GAINS IN INDUSTRIALS AND FINANCIALS WITH RESOURCES UNDERPERFORMING UNTIL RECENTLY For personal use only ANNUAL GENERAL MEETING 2013
Slide 9: Portfolio Has Delivered Strong Returns
PORTFOLIO HAS DELIVERED STRONG RETURNS* – PER ANNUM RETURNS TO 30 SEPTEMBER 2013 For personal use only * Measured by return on capital as measured by the change in net asset backing plus reinvested dividends and adjusting for the additional cash received during the period from the exercise of option
Slide 10: Major Purchases April 2013 to October 2013
MAJOR PURCHASES 1 APRIL 2013 TO 30 SEPTEMBER 2013 For personal use only new to portfolio new to portfolio new to portfolio new to portfolio ANNUAL GENERAL MEETING 2013
Slide 11: Major Sales April 2013 to October 2013
MAJOR SALES 1 APRIL 2013 TO 30 SEPTEMBER 2013 For personal use only • Australia Infrastructure Fund • Commonwealth Bank • Transurban Group • Tox Free • Brambles • REA Group • Bradken (complete sale) • Ansell ANNUAL GENERAL MEETING 2013
Slide 12: Top Holdings Represent 80.0% of the Portfolio
TOP 20 HOLDINGS AT 30 SEPTEMBER 2013 REPRESENT 80.0% OF THE PORTFOLIO For personal use only Rank Company $ million % of portfolio 1 Oil Search 15.3 8.3% 2 BHP Billiton 12.2 6.6% 3 National Australia Bank 10.9 5.9% 4 Santos 9.8 5.3% 5 Commonwealth Bank of Australia 8.7 4.7% 6 Westpac 7.9 4.3% 7 QBE I
Slide 13: Top Holdings Represent 80.0% of the Portfolio (continued)
TOP 20 HOLDINGS AT 30 SEPTEMBER 2013 REPRESENT 80.0% OF THE PORTFOLIO – CON’T. For personal use only Rank Company $ million % of portfolio 11 Telstra 7.3 4.0% 12 Transurban Group 6.7 3.6% 13 AMP 6.4 3.4% 14 Coca-Cola Amatil 5.3 2.9% 15 Rio Tinto 5.3 2.9% 16 Tassal Group 4.9 2.7% 17 Amcor 4.5 2.4% 18
Slide 14: Result of Recent Share Purchase Plan
RESULT OF RECENT SHARE PURCHASE PLAN For personal use only • $10.1 million raised • Issue price of 85 cents per share • 36% of shareholders participated • Shares expected to commence trading 10 October • AMCIL has cash resources of $26 million after SPP – tax payment of $5 million due in December AN
Slide 15: Outlook
OUTLOOK For personal use only • Composition of growth in Australia and low interest rates producing variations in performance across the market • Valuations appear high in some areas • These conditions providing opportunities to adjust the portfolio • Realised gains likely to produce franking credit
Slide 16: Board Retirements
BOARD RETIREMENTS For personal use only TERRY CAMPBELL AO • Director since inception • Chairman between 2000 and 2004 STAN WALLIS AC • Director since recapitalisation in 2004 ANNUAL GENERAL MEETING 2013
Slide 17: For personal use only
For personal use only