Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — FY2017 Earnings Presentation
14 slides from Washington H. Soul Pattinson And's earnings presentation, Sep 21, 2017
Slide 1: Results Presentation: Business Overview
For personal use only Results Presentation 2 Business Overview DIVERSIFIED LONG TERM CONSERVATIVE PORTFOLIO INVESTOR AND VALUE FOCUSED OVER THE LAST 15 YEARS WHSP HAS CONTINUALLY DELIVERED A TSR OF INCREASED DIVIDENDS 12.8% PER ANNUM (growing at a compound (outperforming the All Ords annual growth r
Slide 2: Key Highlights Year Ended 31 July 2017
Key Highlights Year Ended 31 July 2017 For personal use only REGULAR PROFIT AFTER TAX NET PROFIT AFTER TAX FULLY FRANKED DIVIDENDS HIGHEST EVER MORE THAN DOUBLED 17th YEAR OF INCREASE $282.0m $333.6m 54cps 59.1% ▲ 123.3% ▲ 3.8% ▲ REGULAR CASH TOTAL SHAREHOLDERS ENTERED ENTERED 60cps 17,853 ASX300 AS
Slide 3: Portfolio Performance as at 31 July 2017
Portfolio Performance As at 31 July 2017 For personal use only WHSP’s Value of Holding Holding % $m 12 month movement TPG Telecom 25.2% 1,305 * (1,433) (52.3%) Pre tax net Brickworks 44.0% 867 * (120) (12.2%) asset value New Hope Corporation 59.6% 793 * 0) 0%) $4.5 billion or Financial Services Port
Slide 4: WHSP Total Shareholder Returns
WHSP Total Shareholder Returns 15 years to 31 July 2017 For personal use only +511% 15 years to 31 July 2017 WHSP +259% All Ordinaries Accumulation Index Includes the re‐investment of dividends 7 WHSP Total Shareholder Returns Wealth Creation over 40 years $1,000 invested in 1977 worth $494,808 in
Slide 5: Dividend History; TPG Telecom Limited
20 Year Dividend History Final Dividend: 32 cents per share fully franked, up 3.2% For personal use only Total Dividends for the year: 54 cents fully franked, up 3.8% 90.0% of net regular cash inflows from operations paid as FY17 dividends 9 TPG Telecom Limited Year Ended 31 July 2017 Percentage own
Slide 6: TPG Telecom Limited Performance
TPG Telecom Limited 9 Year Performance For personal use only 11 TPG Telecom Limited Broadband Subscribers 12 6
Slide 7: TPG Telecom Products; Brickworks Limited
TPG Telecom Limited Market Leading Products For personal use only TPG NBN TPG ON‐NET BROADBAND TPG FTTB TPG MOBILE 13 Brickworks Limited Year Ended 31 July 2017 Profit After Tax $186.2m, up 138.2% Percentage ownership 44.0% Record underlying NPAT $196.4m, up 33.6% Value of shareholding $867m Con
Slide 8: Brickworks EBIT Comparison and Building Approvals
Brickworks Limited EBIT Comparison For personal use only 15 Brickworks Limited Australian Building Approvals 6 month moving average 16 8
Slide 9: Industrial Property Trust; New Hope Corporation Limited
Brickworks Limited Industrial Property Trust For personal use only 17 New Hope Corporation Limited Year Ended 31 July 2017 Percentage ownership 59.6% Profit after tax before non‐regular items $128.7m, up 2,459% Value of shareholding $793m Profit after Tax $140.6m, up $194.3m Contribution to WHSP
Slide 10: New Hope EBITDA Comparison; Asia Electricity Forecast
New Hope Corporation Limited EBITDA Comparison ‐ before non‐regular items For personal use only 19 New Hope Corporation Limited Asia Electricity Forecast to 2040 by generation source 20 10
Slide 11: Financial Services Portfolio
New Hope Corporation Limited ASIA Incremental Coal‐fired Capacity (MW) For personal use only 21 Financial Services Portfolio Value of Portfolio* $409m % held Contribution to WHSP profit $13.1m BKI Investment Company Limited 9.5 Dividends paid to WHSP $13.8m Contact Asset Management Pty. Limited 20.0
Slide 12: Australian Pharmaceutical Industries; CopperChem and Exco Resources
Australian Pharmaceutical Industries Limited For personal use only Half Year Ended 28 February 2017 Percentage ownership 19.4% Total revenue $2.0 billion, up 12.7% Value of shareholding $167m on previous corresponding period Contribution to WHSP profit* $14.2m EBIT of $48.6m, up 9.0% Dividends p
Slide 13: Apex Healthcare Berhad; TPI Enterprises Limited
Apex Healthcare Berhad For personal use only Half Year Ended 30 June 2017 Percentage ownership 30.3% Value of shareholding $49m Revenue $92.7m,up 5.4% (in MYR) on previous corresponding period Contribution to WHSP profit* $3.3m NPAT $6.1m, up 23.7% (in MYR) Dividends paid to WHSP $1.3m Interim
Slide 14: WHSP Property Portfolio; A Diversified Investment House
WHSP Property Portfolio For personal use only Total equity value of WHSP’s property portfolio is $208m (4.7% of portfolio) Invested in three new properties with renewal potential (jointly held with URB Investments) Maintained investments: • Two office buildings in Pennant Hills • Four hectares
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