Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — H1 FY2016 Earnings Presentation
12 slides from Washington H. Soul Pattinson And's earnings presentation, Mar 23, 2016
Slide 1: 2016 Half Year Results Presentation
For personal use only Washington H. Soul Pattinson and Company Limited 2016 Half Year Results Presentation Business Overview CONSERVATIVE DIVERSIFIED LONG TERM AND VALUE PORTFOLIO FOCUSED FOCUSED OVER THE LAST 15 YEARS WHSP HAS DELIVERED A TSR OF CONTINUALLY INCREASED 14.0% PER ANNUM DIVIDENDS (outp
Slide 2: Performance Highlights
Performance Highlights Half Year Ended 31 January 2016 For personal use only Total Profit After Tax $95.4m + 41.7% Regular Profit After Tax* $83.6m - 5.2% Pre-tax value of Major Strategic Investments $4,439m + 1.0% (ASX All Ordinaries Index was down 11.0% for the period) Ordinary dividends and inter
Slide 3: Portfolio Performance
Portfolio Performance As at 31 January 2016 For personal use only Valuation % of 6 month movement ($m) portfolio $m % TPG Limited 2,145 39.7% 115 5.7% The unrealised tax liability on the portfolio is Brickworks 998 18.5% 20 2.0% $1.1 billion New Hope 818 15.1% (129) (13.6%) API Limited 251 4.6% 60 3
Slide 4: SOL Total Shareholder Returns
WHSP SOL Total Shareholder Returns For personal use only 15 years to 31 January 2016 WHSP 6.2 x Index 1.9 x Includes the re-investment of dividends. Source: IRESS. 7 Interim Dividend History Interim Dividend 21 cents per share, up 5.0% Ordinary dividends and interest received by WHSP net of its regu
Slide 5: TPG Telecom Limited
TPG Telecom Limited Half Year Ended 31 January 2016 For personal use only Percentage ownership 25.2% • EBITDA $437.3m, up 85% Value of shareholding $2,145m • Net Profit After Tax $202.5m, up 90% • Underlying EBITDA $368.8m, up 56% 1H share price performance 5.7% • EPS increased by 83% to 24.5 cents
Slide 6: TPG Telecom Historical EBITDA; Brickworks Limited
TPG Telecom Limited Historical EBITDA contributions by division For personal use only 11 Brickworks Limited Half Year Ended 31 January 2016 Percentage ownership 44.1% • Net Profit After Tax of $76.9 million, up 82.2% Value of shareholding $998m • 12 month Total Shareholder Return 1H share price perf
Slide 7: Brickworks Underlying EBIT; New Hope Corporation
Brickworks Limited Underlying EBIT history by division ($m) For personal use only • Building Products EBIT up 24.9% on record revenue of $360m • Land & Development EBIT up 17.3% • Underlying 1H EBIT across these divisions has increased 180% in 4 years 13 New Hope Corporation Half Year Ended 31 Janua
Slide 8: New Hope Corporation NPAT and Seaborne Thermal Demand
New Hope Corporation NPAT 1H15 to 1H16 before non-regular items For personal use only 15 New Hope Corporation Seaborne thermal demand by country 16 8
Slide 9: New Hope Bengalla Acquisition; Australian Pharmaceutical Industries
New Hope Corporation Bengalla acquisition For personal use only • 40% interest in Bengalla JV completed on 1 March 2016 • One of the lowest cost coal producers in Australia • High quality thermal coal for export • Approvals to mine up to 15mtpa until 2039 17 Australian Pharmaceutical Industries Year
Slide 10: BKI Investment Company; Ruralco Holdings
BKI Investment Company Half Year Ended 31 December 2015 For personal use only Percentage ownership 10.9% • Net operating result (before special dividend income) was $21.4m, up 2.6% Value of shareholding $104m on 1H15 1H share price performance -4.3% • TSR 12 months to 31 December 2015: (to 31 Jan 20
Slide 11: Apex Healthcare Berhad; WHSP Property Portfolio
Apex Healthcare Berhad Year ended 31 December 2015 For personal use only Percentage ownership 30.3% • Revenue of $176.3m up 3.9% Value of shareholding $44m • Net profit after tax $13.7 up 18.6% 1H share price performance • Final dividend of 1.9 cents per share -19.6% (to 31 Jan 2016) (unchanged fro
Slide 12: A Diversified Investment House
For personal use only Washington H. Soul Pattinson and Company Limited A Diversified Investment House 12
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