AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (September 2008)
17 slides from AMCIL's shareholder meeting presentation, Sep 22, 2008
Slide 1: AMCIL Limited 2008 Annual General Meeting Chairman's Presentation
For personal use only 22 September 2008 The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited 2008 Annual General Meeting Chairman’s Presentation Dear Sir or Madam AMCIL Limited Chai
Slide 2: AMCIL Annual General Meeting Presentation
For personal use only AMCIL Annual General Meeting 22 September 2008 Presentation
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 be normal practice to distribute realised capital gains unless franking credits have bee
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 31 August 2008: 39 companies with a market value $96.3m $19.0 million of cash
Slide 7: AMCIL Top Holdings – August
AMCIL Top 20 Holdings – 31 August 2008 For personal use only $ 000’ * 1 BHP Billiton 11,743 2 Queensland Gas Company 8,500 * 3 Telstra Corporation 8,258 4 Bradken 7,700 * 5 National Australia Bank 4,273 6 AMP 3,865 7 Peet 3,813 8 Equity Trustees 3,474 9 Oakton 3,341 * 10 Amcor 3,248 11 ASG Group 2,9
Slide 8: AMCIL Top Holdings – August (continued)
AMCIL Top 20 Holdings – 31 August 2008 For personal use only $ 000’ 12 Brambles 2,857 13 Tox Free Solutions 2,750 14 News Corporation (a) 2,615 15 Oil Search 2,400 16 QBE Insurance Group 2,395 17 Coca-Cola Amatil 2,351 18 Mitchell Communication Group 2,243 19 Alumina 2,205 20 Commonwealth Bank of Au
Slide 9: 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 10: 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 11: 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 12: Major Purchases Since June (continued)
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 13: 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 14: Total Portfolio Return – % Per Year to August
Total Portfolio Return* – % Per Year to 31 August 2008 For personal use only 20% 16.6% 15.1% 15% 10% 5% 0% 1 year return return since recapitalisation -5% -10% -7.6% -15% -14.2% -20% AMCIL return on capital S&P/ASX 200 Accumulation Index *measured by return on capital as measured by the change in ne
Slide 15: Share Price Relative to Net Asset Backing
08 g- Au 08 l- J u -0 8 Premium Discount n J u -0 8 Share Price Relative to Net Asset Backing – ay M -08 r A p -0 8 ar M -0 8 b Fe 0 8 n- Ja -07 c D e -0 7 v No -07 ct O -07 p Se -07 g Au 07 l- J u -0 7 n J u -0 7 ay M -07 r A p -0 7 ar M -0 7 b Fe - 0 7 n Ja -06 c D e -0 6 v No -06 ct O -06 p Se -0
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: Annual General Meeting
For personal use only Annual General Meeting