Mirrabooka Investments Ltd · ASX:MIR
Mirrabooka Investments — Shareholder Meeting (October 2026)
29 slides from Mirrabooka Investments's shareholder meeting presentation, Oct 5, 2026
Slide 1: Mirrabooka Investments Limited 2026 Annual General Meeting Presentation
For personal use only 5 October 2026 The Manager ASX Market Announcements ASX Limited Level 27, 39 Martin Place, Sydney NSW 2000 Electronic Lodgement Mirrabooka Investments Limited 2026 Annual General Meeting Presentation Dear Sir / Madam The following presentation will be delivered to shareholders
Slide 2: Annual General Meeting October 2026
Annual General Meeting al use only October 2026
Slide 3: Board Members
Board Members Greg Richards Alison Gibson Chairman and Independent Managing Director Non-Executive Director al use only Paul Dwyer Jacinth Fairley Independent Non-Executive Independent Non-Executive Director Director Antoinette Kimmitt AM Tony Walls Independent Non-Executive Independent Non-Executiv
Slide 4: Asking Questions Online
Asking Questions Online Asking questions Only Shareholders and Proxyholders are able to ask questions al use only 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 Questio
Slide 5: Voting Online
Voting Online Lodging your votes Click “Get a Voting Card” (top and bottom of platform) al use only 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 6: Annual General Meeting Presentation
Annual General Meeting al use only Presentation October 2026
Slide 7: 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 8: Agenda
Agenda CEO Address Alison Gibson al use only 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 9: CEO Address
al use only CEO Address Annual General Meeting – October 2026 8
Slide 10: Why did I rejoin the business?
Why did I rejoin the business? al use only Purpose People Strong Ability to make a foundations difference Annual General Meeting – October 2026 9
Slide 11: Mirrabooka observations – outperformance since inception
Mirrabooka observations – outperformance since inception 2,000 1,800 1,600 1,400 al use only 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 i
Slide 12: Areas of focus
Areas of focus Recent Structural performance market al use only challenges changes Responding to Communicating market the value environment proposition Annual General Meeting – October 2026 11
Slide 13: Results Summary for Financial Year 2026
al use only Results Summary for Financial Year 2026 Annual General Meeting – October 2026 12
Slide 14: Results summary for financial year 2026
Results summary for financial year 2026 al use only Annual General Meeting – October 2026 13
Slide 15: Annual dividends since listing
Annual dividends since listing 45 40 35 al use only 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 16: Shareholder returns
Shareholder returns $8.00 $7.00 $6.00 al use only $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 17: Portfolio Performance
al use only Portfolio Performance Annual General Meeting – October 2026 16
Slide 18: Portfolio performance – year to August 2026
Portfolio performance – 1 year to 31 August 2026 MIR portfolio return relative to the benchmark 42.7% al use only 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 19: Short term returns – Rolling year returns
Short term returns – Rolling 1 year returns 100% 80% 60% al use only 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 20: A longer term perspective – Rolling year returns (p.a.)
A longer term perspective – Rolling 10 year returns (p.a.) 25% 20% 15% al use only 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 21: Factors driving FY26 underperformance
Factors driving FY26 underperformance al use only Annual General Meeting – October 2026 20
Slide 22: Market cycle – valuation impact
Market cycle – valuation impact Valuation contraction in core holdings has offset continued strong earnings growth 15% al use only 2% EPS growth, p.a. (FY22 yo FY26) 5 year share price performance, p.a. Annual General Meeting – October 2026 21
Slide 23: Market cycle – valuation impact
Market cycle – valuation impact S&P/ASX Small Industrials 1 year forward PE ratio 30 28 MIR Portfolio Return: 17.5% p.a. al use only 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 M
Slide 24: Portfolio Activity & Update
al use only Portfolio Activity & Update Annual General Meeting – October 2026 23
Slide 25: Recent buying and opportunities
Recent buying and opportunities Resilient market leaders Interest rate sensitive stocks al use only Potential opportunities on the horizon Small cap growth Market linked Quality cyclicals stocks financials Annual General Meeting – October 2026 24
Slide 26: Recent takeover activity
Recent takeover activity al use only Total Portfolio Weight*: 4.6% *As at 31 August 2026 Annual General Meeting – October 2026 25
Slide 27: 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% 2.3% al use only 21 yrs 12 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 y
Slide 28: 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% al use only 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
Slide 29: al use only
\ Ajuo asn ye!
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