Mirrabooka Investments Ltd · ASX:MIR
Mirrabooka Investments — Shareholder Meeting (October 2026)
28 slides from Mirrabooka Investments's shareholder meeting presentation, October 2026
Slide 1: Annual General Meeting
Annual General Meeting October 2026
Slide 2: Board Members
Board Members Greg Richards Alison Gibson Chairman and Independent Managing Director Non-Executive Director Paul Dwyer Jacinth Fairley Independent Non-Executive Independent Non-Executive Director Director Antoinette Kimmitt AM Tony Walls Independent Non-Executive Independent Non-Executive Director D
Slide 3: Asking Questions Online
Asking Questions Online Asking questions Only Shareholders and Proxyholders are able to ask questions Click on “Ask a Question” Select “General Business” or a specific resolution Type in your question and click “Submit” Comments on resolutions can also be submitted through “Ask a Question” Annual Ge
Slide 4: Voting Online
Voting Online Lodging your votes Click “Get a Voting Card” (top and bottom of platform) Enter your SRN/HIN or Proxy Number and Postcode Click “Submit Details and Vote” Fill out your voting card for each item of business Click “Submit Vote” Annual General Meeting – October 2026 4
Slide 5: Annual General Meeting Presentation
Annual General Meeting Presentation October 2026
Slide 6: Disclaimer
Disclaimer Mirrabooka Investments Limited and Australian Investment Company Services Limited (AFSL: 303209), 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, n
Slide 7: Agenda
Agenda CEO Address Alison Gibson Results Summary for Financial Year 2026 Andrew Porter Portfolio Performance Kieran Kennedy Portfolio Activity & Update Stuart Low & Kieran Kennedy Annual General Meeting – October 2026 7
Slide 8: CEO Address
CEO Address Annual General Meeting – October 2026 8
Slide 9: Why did I rejoin the business?
Why did I rejoin the business? Purpose People Strong Ability to make a foundations difference Annual General Meeting – October 2026 9
Slide 10: Mirrabooka observations – outperformance since inception
Mirrabooka observations – outperformance since inception 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Mirrabooka NTA Total Return, including franking S&P/ASX 200 Accumulation Index, including franking Combined Mid/Small Accumulation Index, including franking Returns assumes an investor can
Slide 11: Areas of focus
Areas of focus Recent Structural performance market challenges changes Responding to Communicating market the value environment proposition Annual General Meeting – October 2026 11
Slide 12: Results Summary for Financial Year 2026
Results Summary for Financial Year 2026 Annual General Meeting – October 2026 12
Slide 13: Results summary for financial year 2026
Results summary for financial year 2026 Annual General Meeting – October 2026 13
Slide 14: Annual dividends since listing
Annual dividends since listing 45 40 35 Cents per Share 30 25 20 15 10 5 0 Ordinary Special Fully Franked Dividend Reserves per Share Annual General Meeting – October 2026 14
Slide 15: Shareholder returns
Shareholder returns $8.00 $7.00 $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 MIR Share price Cumulative dividends per share Cumulative franking per share Annual General Meeting – October 2026 15
Slide 16: Portfolio Performance
Portfolio Performance Annual General Meeting – October 2026 16
Slide 17: Portfolio performance – 1 year to 31 August 2026
Portfolio performance – 1 year to 31 August 2026 MIR portfolio return relative to the benchmark 42.7% 1.4% -10.7% -14.0% MIR Portfolio Combined Mid/Small Cap Combined Mid/Small Combined Mid/Small Accumulation Index Industrials Resources Annual General Meeting – October 2026 17
Slide 18: Short term returns – Rolling 1 year returns
Short term returns – Rolling 1 year returns 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% MIR Portfolio Combined Mid/Small Industrials Combined Mid/Small Resources Returns assumes an investor can take full advantage of franking credits. Annual General Meeting – October 2026 18
Slide 19: A longer term perspective – Rolling 10 year returns (p.a.)
A longer term perspective – Rolling 10 year returns (p.a.) 25% 20% 15% 10% 5% 0% -5% -10% MIR Portfolio Combined Mid/Small Industrials Combined Mid/Small Resources Returns assumes an investor can take full advantage of franking credits. Annual General Meeting – October 2026 19
Slide 20: Factors driving FY26 underperformance
Factors driving FY26 underperformance Annual General Meeting – October 2026 20
Slide 21: Market cycle – valuation impact
Market cycle – valuation impact Valuation contraction in core holdings has offset continued strong earnings growth 15% 2% EPS growth, p.a. (FY22 yo FY26) 5 year share price performance, p.a. Annual General Meeting – October 2026 21
Slide 22: 1 year forward PE ratio
Market cycle – valuation impact S&P/ASX Small Industrials 1 year forward PE ratio 30 28 MIR Portfolio Return: 17.5% p.a. 26 (10 years to August 2021) 24 1 year forward PE ratio 22 20 18 16 14 MIR Portfolio Return: -0.2% p.a. 12 (5 years to August 2026) 10 Source: Factset Annual General Meeting – Oct
Slide 23: Portfolio Activity & Update
Portfolio Activity & Update Annual General Meeting – October 2026 23
Slide 24: Recent buying and opportunities
Recent buying and opportunities Resilient market leaders Interest rate sensitive stocks Potential opportunities on the horizon Small cap growth Market linked Quality cyclicals stocks financials Annual General Meeting – October 2026 24
Slide 25: Recent takeover activity
Recent takeover activity Total Portfolio Weight*: 4.6% *As at 31 August 2026 Annual General Meeting – October 2026 25
Slide 26: Mirrabooka top holdings - August 2026
Mirrabooka top 20 holdings - 31 August 2026 % of % of Company Portfolio Ownership Period Company Ownership Period Portfolio 1 4.9% 9 yrs 11 2.4% 2 yrs 2 4.1% 21 yrs 12 2.3% 3 yrs 3 3.1% 10 yrs 13 2.3% 7 yrs 4 3.1% 15 yrs 14 2.1% 2 yrs 5 2.8% 11 yrs 15 2.0% 1 year 6 2.8% 9 yrs 16 2.0% 1 year 7 2.7% 1
Slide 27: Share Price relative to Net Tangible Assets (NTA)
Share Price relative to Net Tangible Assets (NTA) 20.0% 30.0% 25.0% 15.0% 20.0% 15.0% 10.0% 10.0% 5.0% 5.0% 0.0% 0.0% -5.0% -5.0% -10.0% -15.0% -10.0% -20.0% -15.0% Aug 21 Feb 22 Aug 22 Feb 23 Aug 23 Feb 24 Aug 24 Feb 25 Aug 25 Feb 26 Aug 26 Annual General Meeting – October 2026 27
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