Whitefield Income Limited · ASX:WHI
Whitefield Income — Investor Presentation (May 2026)
19 slides from Whitefield Income's investor presentation, May 19, 2026
Slide 1: Entitlement Offer and Shortfall Offer
Entitlement Offer and Shortfall Offer Whitefield Income Ltd 19 May 2026
Slide 2: Important Information and disclaimer
_Important Information and disclaimer This investor presentation (Presentation) has been prepared by Whitefield Income Limited (ACN 658 702 222) should consider the appropriateness of the information having regard to their own objectives, financial situation (the Company) and Whitefield Capital Mana
Slide 3: Important Information and disclaimer (continued)
_Important Information and disclaimer (continued) operating performance and estimates, earnings, financial position and performance and estimates concerning the Not an Offer to the Public In New Zealand timing and success of strategies, plans or intentions are also forward-looking statements. Forwar
Slide 4: Important Information and disclaimer (continued)
_Important Information and disclaimer (continued) engagement is not intended to create any agency or other relationship (fiduciary or otherwise) between the JLMs and the Company's shareholders or creditors. Disclaimer To the maximum extent permitted by law, each of the Company, WCM, the JLMs and the
Slide 5: Whitefield Income Update
Whitefield Income Update This update contains information on recent outcomes for Whitefield Income Ltd. Presenting today: _Contact Details Angus Gluskie Will Seddon Level 19, 68 Pitt Street Sydney NSW 2000 Chairman Executive Director Phone +61 2 8215 7900 Email: contact@whitefield.com.au whitefield.
Slide 6: Whitefield Group Background
Whitefield Group Background ~$1.5bn FUM (ASX LIVs, institutional portfolios and funds) Experience, Efficiency, Innovation, Reliability, Integrity ASX listed investment company ASX listed investment company 5th year of strategy operation In 104th year of operation 2nd year since ASX listing ASX200 (E
Slide 7: A strategy that translates strength of return into franked dividends
A strategy that translates strength of return into franked dividends Systematic investment in S&P/ASX300 Equities over the statistically strongest periods of return in their income and _Systematic _Highly Diverse dividend cycles. Quantitative infrastructure 70-100 continuously Consistent assessment
Slide 8: Patterns of Income Recognition in Share Prices
Patterns of Income Recognition in Share Prices Whitefield Income enhances income and return by targeting profitable companies in the lead- up to their dividends. B Income is recognised in share prices unevenly across the typical six-month income generation and payment cycle. A A. Most rapidly recogn
Slide 9: Patterns of Income Recognition in Share Prices
Patterns of Income Recognition in Share Prices Patterns of income recognition Patterns of income recognition are Patterns of income recognition are are robust across different robust across different franking robust across different company industries. status. sizes. Source: Whitefield Capital Manag
Slide 10: Income and Profit
Income and Profit Latest quarter-end (Mar-26) 11.5%pa Monthly Gross Portfolio Income 4.0% Gross income (1) 3.5% Pre-IPO Post-IPO Rolling 3m avg Since listing 4 Dec 2024 3.0% FYTD 2.5% • Gross Income(1) $20.1m 2.0% • NPAT $13.0m • EPS 7.0 cps 1.5% • Income generation strong and 1.0% consistent with t
Slide 11: Dividends
Dividends 7.9%pa 1.4 1.3 1.2 DIVIDENDS PER SHARE Gross dividend yield (1) 1.1 1.0 Cents per share 0.9 Whitefield Income pays regular franked monthly base 0.8 dividends and may supplement these with half yearly 0.7 0.6 top-up dividends. The half yearly top-up dividends are 0.5 variable and are determ
Slide 12: Investment Returns
Investment Returns Strategy Performance 1 Yr 1.4 Yrs 3 Yrs 5 Yrs Inception 30 April 2026 pa pa 1 pa 1 pa 1 (Listed Entity) (Listed and Unlisted Entity) Gross Income Income (gross of franking) 10.0% 10.9% 10.4% 12.6% 12.5% Portfolio Returns (before tax and costs, inclusive of franking) Portfolio 10.7
Slide 13: Investment Holdings & Sectoral Exposures
Investment Holdings & Sectoral Exposures SECTOR EXPOSURES TOP 15 EXPOSURES Financials MQG ANZ Materials WBC Information Technology NAB Consumer Discretionary ORI TNE Industrials WDS Real Estate CRN ALL Energy NHC Health Care KCN Communication Services HUB SFR Consumer Staples CDA Cash FMG 0% 5% 10%
Slide 14: Monthly Exposures
Monthly Exposures 100.0% EXPOSURES SINCE STRATEGY INCEPTION Materials 90.0% Real Estate 80.0% Industrials 70.0% Financials Consumer 60.0% Discretionary Consumer 50.0% Staples Communication 40.0% Services Energy 30.0% Health Care 20.0% Information Technology 10.0% Utilities Cash 0.0% Mar-21 Mar-22 Ma
Slide 15: Net Asset Backing [NAB]
Net Asset Backing [NAB] NET ASSSET BACKING (NAB) _WHI shares have been trading at a $1.50 premium to net asset backing $1.45 • Confidence in the dividend profile $1.40 • A growing base of investors $1.35 $1.30 $1.25 $1.20 $1.15 $1.10 IPO Dec 24 Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25 Aug 25
Slide 16: Entitlement Offer Details
Entitlement Offer Details Raising Size (up to) Approximately $108m New Shares (up to) 88.1m $1.22 (Equates to estimated asset backing plus franking credits) Issue Price Issue price represents a 11.4% discount to 5 day volume weighted average price to 18 May 2026 New Shares rank pari passu with exist
Slide 17: Timetable
Timetable Announcement of Entitlement Offer Tuesday, 19 May 2026 Shortfall Offer Bookbuild date Tuesday, 19 May 2026 Record date of Entitlement Offer 7:00pm (Sydney time) Friday, 22 May 2026 Entitlement Offer opens Tuesday, 26 May 2026 Entitlement Offer closes 5.00pm (Sydney time) Thursday, 4 June 2
Slide 18: Risk Factors
Risk Factors This section discusses some of the key risks associated with any investment in the Company, which may affect the value of shares in the Company. The risks set out below are not Risks relating directly to the Company and its operations and outcomes necessarily listed in order of importan
Slide 19: A final thought on Equity Income
A final thought on Equity Income The purpose of an Australian share based equity income investment in a wealth accumulation strategy: ✓ Regular monthly franked dividends ✓ Strength of long term return from Australian shares ✓ Differentiated strategy and portfolio ✓ A dynamic and defensive portfolio