AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2008)
17 slides from AMCIL's shareholder meeting presentation, Oct 7, 2008
Slide 1: Shareholder Information Meeting Presentation - Adelaide
For personal use only 7 October 2008 The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited Shareholder Information Meeting Presentation - Adelaide Dear Sir or Madam Please find attac
Slide 2: AMCIL Adelaide Shareholder Meeting
For personal use only AMCIL Adelaide Shareholder Meeting
Slide 3: Total Profit Since Recapitalisation
Total Profit Since Recapitalisation For personal use only $Million 16 14 13.9 12 10 9.3 8 10.7 5.1 6 4 3.3 2.6 2 1.0 1.5 4.2 0.6 3.2 1.6 1.8 0 0.6 2004 2005 2006 2007 2008 Net Operating Profit After Tax Profit After Tax (including realised gains)
Slide 4: Dividends
Dividends For personal use only 3 cents per share fully franked (6 cents last year) Dividend Policy Maximise the distribution of the franking account balance subject to the level of profit for the year It is not normal practice to distribute realised capital gains unless franking credits have been g
Slide 5: Total Assets at June
Total Assets at 30 June For personal use only $Million 160 142.2 140 122.4 120 46.0 17.7 100 80 73.6 60 52.9 21.8 45.1 0.8 5.3 96.2 104.7 40 44.3 47.6 51.8 20 0 2004 2005 2006 2007 2008 Total Assets Without Unrealised Gains Unrealised Gains New Capital of $39.1 million raised in 2007 as a result of
Slide 6: Portfolio
Portfolio For personal use only At 30 September 2008: 37 companies with a market value $86.0m $22.6 million of cash
Slide 7: Largest Acquisitions (1/7/07-30/6/08)
For personal use only Largest 5 Acquisitions - (1/7/07-30/6/08) $m National Australia Bank 4.2 BHP Billiton 2.9 Commonwealth Bank of Australia 2.2 Brambles 1.9 Mitchell Communication Group 1.6
Slide 8: Largest Disposals (1/7/07 to 30/6/08)
Largest 5 Disposals - (1/7/07 to 30/6/08) For personal use only $m Rio Tinto 6.7 St.George Bank 6.7 Santos 3.8 Transpacific Industry Group 2.7 Queensland Gas Company 2.4
Slide 9: Major Purchases Since June
Major Purchases Since 30 June 2008 For personal use only Existing Stocks: QBE Insurance – provider of general insurance and reinsurance services PanAust – minerals explorer, developer, and miner producing copper concentrate at its operations in Laos Alumina (rights entitlement) – mining, refining an
Slide 10: Major Purchases Since June (cont.)
Major Purchases Since 30 June 2008 For personal use only con’t. New Stocks : Iluka Resources – a mineral sands miner and heavy minerals producer.
Slide 11: Major Sales Since June
Major Sales Since 30 June 2008 For personal use only Disposed of: ConnectEast Rio Tinto Toll Holdings Transferred to the Investment from Trading Portfolio: Molopo Australia Eastern Star Gas National Australia Bank Westpac Banking Corporation
Slide 12: AMCIL Top Holdings – September
AMCIL Top 20 Holdings – 30 September 2008 For personal use only $ ‘000 * 1 BHP Billiton 8,829 2 Queensland Gas Company 8,100 * 3 Telstra Corporation 7,945 4 Bradken 6,090 * 5 National Australia Bank 4,233 6 AMP 3,876 7 Peet 3,503 8 QBE Insurance Group 3,180 9 Oakton 2,975 * 10 Amcor 2,922 11 Equity
Slide 13: AMCIL Top Holdings – September (cont.)
AMCIL Top 20 Holdings – 30 September 2008 For personal use only $ 000’ 12 Brambles 2,857 13 Tox Free Solutions 2,734 14 News Corporation (a) 2,398 15 Coca-Cola Amatil 2,269 16 Oil Search 2,240 17 ASG Group 2,235 18 Commonwealth Bank of Australia 1,918 19 Mitchell Communication Group 1,771 20 realest
Slide 14: Total Portfolio Return – % Per Year to Sept.
Total Portfolio Return* – % Per Year to 30 Sept. 2008 For personal use only 20% 14.3% 15% 12.3% 10% 5% 0% -5% 1 year return return since recapitalisation -10% -15% -20% -18.5% -25% -30% -26.8% AMCIL return on capital S&P/ASX 200 Accumulation Index *measured by return on capital as measured by the ch
Slide 15: Share Price Relative to Net Asset Backing
08 p- Se -08 g A u 08 l- Premium Ju -08 Discount n Ju - 08 ay Share Price Relative to Net Asset Backing M - 08 pr A -08 ar M -08 b Fe -08 n J a - 07 c De -07 v No -07 ct O - 07 p Se -07 g A u 07 l- Ju -07 n Ju - 07 ay M - 07 r Ap -07 ar M -07 b Fe -07 n J a - 06 ec D -06 v No -06 ct O - 06 p Se -06
Slide 16: Outlook
Outlook For personal use only Market conditions are very testing Competing forces – risks in financial markets vs. the demand driven outlook for resources/energy The Company has a strong cash position We can afford to be patient, however ongoing opportunities likely to present themselves
Slide 17: Adelaide Shareholder Meeting
For personal use only Adelaide Shareholder Meeting