AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2021)
30 slides from AMCIL's shareholder meeting presentation, Oct 7, 2021
Slide 1: AMCIL Limited 2021 Annual General Meeting Presentation
7 October 2021 For personal use only The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited 2021 Annual General Meeting Presentation Dear Sir / Madam The following presentation will be delivered
Slide 2: Annual General Meeting 2021 - Presentation
For personal use only Annual General Meeting 2021 - Presentation
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited and Australian Investment Company Services Limited (AFSL: 303209) and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (expre
Slide 4: Our Purpose and Approach
For personal use only Our Purpose and Approach AnnualGeneral Annual GeneralMeeting Meeting 2019 2021
Slide 5: AMCIL – Our Purpose and Approach
AMCIL – Our Purpose and Approach Purpose For personal use only To deliver returns from Australian and New Zealand equities which exceed the market over the medium to long term through strong capital growth and the generation of fully franked dividends. Approach High Quality Above Focused Invest with
Slide 6: AMCIL's Investment Approach
AMCIL’s Investment Approach Focus on investing in quality companies that can grow over the long term. For personal use only High Quality companies: Have a leadership position in their industry (or developing one) Have a sustainable competitive advantage and/or unique assets Reinvest to defend
Slide 7: AMCIL share price performance
AMCIL share price performance A $10,000 investment in AMCIL vs S&P/ASX 200 Index since recapitalization in 2004 For personal use only $85,525 AMCIL $62,205 S&P/ASX200 AMCIL’s share price growth plus dividend series is calculated after management fees, income tax and capital gains tax on realised sal
Slide 8: ESG is integrated into our investment framework
ESG is integrated into our investment framework For personal use only Approach to Environmental, Social and Governance (ESG) factors o Assessment of ESG risk factors is an important part of our investment process as the sustainability of a business is a key input in our assessment of a company. o As
Slide 9: Board Members
Board Members Significant experience as directors, executives and investors in ASX listed Companies. For personal use only Rupert Myer AO Mark Freeman Jodie Auster Chairman and Independent Managing Director Independent Non-Executive Non-Executive Director Director Roger G Brown Michael J Hirst Siobh
Slide 10: Investment Team
Investment Team – over 100 years of ASX investing experience For personal use only Kieran Kennedy Olga Kościuczyk Jaye Guy Portfolio Manager Investment Analyst Investment Analyst David Grace Brett McNeill Nga Lucas Portfolio Manager Portfolio Manager Investment Analyst Stuart Low Jeremy Moore Nicky
Slide 11: Financial Results
For personal use only Financial Results AnnualGeneral Annual GeneralMeeting Meeting 2019 2021
Slide 12: Financial Year in Summary
Financial Year in Summary For personal use only *Assumes an investor can take full advantage of the franking credits AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 11
Slide 13: Share price premium/(discount) to NTA
Share price premium/(discount) to NTA For personal use only AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 12
Slide 14: Portfolio attributes and performance
For personal use only Portfolio attributes and performance AnnualGeneral Annual GeneralMeeting Meeting 2019 2021
Slide 15: Portfolio Performance to August 2021
Portfolio Performance to 31 August 2021* For personal use only AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 14
Slide 16: The key unique benefits of an investment in AMCIL
The key unique benefits of an investment in AMCIL For personal use only The key unique benefits of AMCIL are the combination of: Consistency of long-term returns Alignment of interests Comparatively low management cost No performance fees Tax effectiveness from a low turnover, long term investme
Slide 17: Consistency of portfolio returns
Consistency of portfolio returns AMCIL 10 Year Performance History – Benchmark and Outperformance Contribution For personal use only 18% A $10,000 investment made 10 years ago 16% (August 2011) would be worth: 14% 12% ~ $31,000 10% if invested in the ASX200 8% 6% ~ $37,000 4% if invested in 2014 201
Slide 18: Management Expense Ratio (MER)
Management Expense Ratio (MER) Shareholders fully enjoy the cost efficiencies arising from our long term investment gains. For personal use only AMCIL's Management Expense Ratio (MER) history Shareholders currently incur 56c of cost pa for every $100 invested AnnualGeneral Annual GeneralMeeting Meet
Slide 19: Tax effectiveness
Tax effectiveness We manage the portfolio with a tax inclusive mindset - crystallising gains creates a tax drag. For personal use only AMCIL Investment Portfolio Unrealised Gains/Losses $30m $25m Total unrealised gain: $20m $168 million (31 August 2021) $15m $10m $5m $0m AnnualGeneral Annual General
Slide 20: Current Portfolio Perspectives
For personal use only Current Portfolio Perspectives Sector diversification Company size diversification Performance from emerging companies Market leadership in the portfolio Contributors to strong recent performance Recent material transactions AnnualGeneral Annual GeneralMeeting Meeti
Slide 21: Sector diversification
Sector diversification A spread of high quality businesses across different sectors helps us remain long term in our focus. For personal use only AMCIL ASX200 AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 20
Slide 22: Size diversification, smaller companies
Size diversification, smaller companies For personal use only AMCIL by market capitalisation AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 21
Slide 23: Contribution to AMCIL performance from Non-index holdings
Contribution to AMCIL performance from Non-index holdings AMCIL has delivered consistently positive excess returns from holdings that are not in the ASX200 benchmark. For personal use only 15% of the AMCIL portfolio is currently invested in companies that are not in the index. 4.8% 2.5% 3.2% 2.3% 2.
Slide 24: AMCIL invests in current and emerging market leaders
AMCIL invests in current and emerging market leaders 20% 14% For personal use only Leading and emerging consumer brands High quality infrastructure assets 4% Leading online classifieds AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 23
Slide 25: AMCIL invests in current and emerging market leaders
AMCIL invests in current and emerging market leaders 16% 11% For personal use only Global healthcare businesses Global owner driver businesses 4% Platforms with dominant share 9% Emerging software providers to key sectors Financial Insurance Government Healthcare AnnualGeneral Annual GeneralMeeting
Slide 26: Major contributors to strong recent performance
Major contributors to strong recent performance For personal use only Cost Value Long term Perspective Recent results providing confidence that $5.0m $30.8m Mainfreight's culture led service differentiation is gaining traction in much larger US and European markets. Very large opportunity in global
Slide 27: Recent material transactions
Recent material transactions Exited Trimmed Investments For personal use only AnnualGeneral Annual GeneralMeeting Meeting 2019 2021 26
Slide 28: Portfolio outlook
For personal use only Portfolio outlook AnnualGeneral Annual GeneralMeeting Meeting 2019 2021
Slide 29: Portfolio Outlook
Portfolio Outlook For personal use only Equity markets Portfolio Valuations are elevated but are Strong recent performance of supported by: several holdings may dampen near Short term o ample liquidity and term portfolio returns, our focus (1-2 years) o a lack of attractive investments remains long
Slide 30: For personal use only
A/ACIL Ajuo asn peuosied 104