Argo Investments Limited · ASX:ARG
Argo Investments — Shareholder Meeting (October 2022)
23 slides from Argo Investments's shareholder meeting presentation, Oct 24, 2022
Slide 1: Annual General Meeting
Annual General Meeting ARGO)
Slide 2: Board of Directors
Board of Directors Russell Higgins AO Jason Beddow Lianne Buck Roger Davis Non-executive Chairman Managing Director Non-executive Director Non-executive Director Anne Brennan Chris Cuffe AO Liz Lewin Non-executive Director Non-executive Director Non-executive Director 2
Slide 3: 2022 highlights
2022 highlights Profit Earnings per share Full year dividends $312.9m 34.3c 33.0c $174.0m in 2021 Excl. one-off, non-cash income Fully franked per share 21.4c per share in 2021 28.0c per share in 2021 LIC capital gain Argo shareholders Management expense ratio 15.0c 96,100 0.14% LIC tax benefit 94,1
Slide 4: Annual dividends
Annual dividends cents per share 33 33 35 31.5 30.5 31 29.5 30 30 28 28 26.5 25 20 15 10 5 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Interim Dividend Final Dividend 4
Slide 5: LIC capital gain tax benefit
LIC capital gain tax benefit For more information See the fact sheet on our website: argoinvestments.com.au/dividends 5
Slide 6: Total returns
Total returns per annum Figures above are to 30 June 2022. 6
Slide 7: Shareholder returns
Shareholder returns $10,000 invested $64,603 $46,456 $21,288 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Share price Plus dividends Plus franking Figures above are over 20 years to 30 September 2022. 7
Slide 8: Environmental, social & governance factors are integrated into our investment process
Environmental, social & governance factors are integrated into our investment process
Slide 9: Outlook
Outlook 9
Slide 10: Shareholder benefits
Shareholder benefits Low-cost, Experienced board and Long-term, proven internally managed management team investment approach Fully-franked, Strong balance Diversified and sustainable dividends sheet, no debt administratively simple 10
Slide 11: Share market performance
Share market performance S&P/ASX 200 Index – October 2019 to October 2022 8,000 7,500 7,000 6,500 6,000 5,500 5,000 4,500 4,000 11
Slide 12: Rising inflation
Rising inflation US Consumer Price Index Source: US Bureau of Labor Statistics, Bloomberg 12
Slide 13: Increasing interest rates
Increasing interest rates US Federal Reserve funds rate increases Source: US Federal Reserve, Charter 13
Slide 14: US dollar strength
US dollar strength US dollar versus other currencies Source: Trading View 14
Slide 15: Australian equities by industry
Australian equities by industry Australian share market performance by industry – 12 months to 30 September 2022 30 Energy Utilities 20 Materials 10 Consumer Staples S&P/ASX 200 Accum Index 0 1 Industrials Percent -10 Healthcare Communications Services -20 Financials -30 Real Estate Consumer Discret
Slide 16: Investment portfolio
Investment portfolio Sector diversification Top 10 holdings Materials 14.5% Macquarie Group Banks 13.0% Other Financials 11.8% BHP Health Care 11.1% CSL Telcos & I.T. 8.6% CBA Consumer Staples 8.3% Wesfarmers Energy 7.6% Rio Tinto Industrials 7.2% ANZ Consumer Discret. 6.7% Property 3.3% Telstra Cas
Slide 17: Recent portfolio movements
Recent portfolio movements Purchases Sales Since the end of the 2022 financial year 17
Slide 18: Forecast EV sales
Forecast EV sales Global electric vehicles sales forecasts Source: LMC automotive, Autodata, CAAM, EAFO, Macquarie Research, October 2022 18
Slide 19: Forecast demand for rare earths
Forecast demand for rare earths Global NdPr demand underpinned by growth in electric vehicles Tonnes (‘000) Source: Company data, Macquarie Research, October 2022 19
Slide 20: Outlook
Outlook 20
Slide 21: Argo's objective is to maximise long-term shareholder returns
Argo’s objective is to maximise long-term shareholder returns through reliable fully franked dividend income and capital growth. Actively managing a diversified portfolio of Australian shares with a low-cost, internally managed business model, we apply a conservative, long-term investment approach w
Slide 22: Get in touch
Get in touch invest@argoinvestments.com.au (08) 8210 9500 argoinvestments.com.au 22
Slide 23: Since 1946
Argo Investments — Shareholder Meeting (October 2022) on 6ix