BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — Investor Presentation (May 2013)
15 slides from BKI Investment's investor presentation, May 27, 2013
Slide 1: Presentation to Investors
For personal use only Presentation to Investors Perth May 2013
Slide 2: Benefits of investing in BKI.ASX
Benefits of investing in BKI.ASX For personal use only 18.5% lift in dividend payments Predictable and growing fully franked over the last 5 years Dividends income stream. 5 Special Dividends since listing 30% tax rate already paid on All Dividends Fully Franked Franking Credits dividend income, tax
Slide 3: Benefits of investing in BKI.ASX
Benefits of investing in BKI.ASX For personal use only Diversified market exposure Administration Easy monitoring of one shareholding All through BKI.ASX Simplicity Two dividend statements per annum BKI is a closed end LIC (Company), Not a forced seller in bear markets unlike an open ended fund mana
Slide 4: Net Operating Result FY2004 – FY2012
Net Operating Result FY2004 – FY2012 use only 30 25 For personal 20 $ Millions 15 10 5 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 Net Operating Result 4
Slide 5: Dividends Paid 2H2004 – 1H2013
Dividends Paid 2H2004 – 1H2013 use only 4.0 3.5 1 0.5 3.0 1 0.5 For personal 0.5 Cents per Share 2.5 2.0 3.25 3.2 3.2 1.5 3 3 3 3 2.75 3 3 2.6 2.7 2.5 2.5 2.5 2.1 2.2 1.0 2 0.5 0.0 Ordinary Dividends Special Dividends 5
Slide 6: Dividends + Franking Credits
Dividends + Franking Credits Dividends and Franking Credits received from a $10,000 Investment from BKI’s For personal use only inception V’s Bank Quarterly Interest. Highlights the opportunity of a fully franked dividend in a falling interest rate environment. 1,000 800 $ Australian Dollars 600
Slide 7: Historical Grossed Up Yield
Historical Grossed Up Yield Assumes a tax rate of 30% For personal use only 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% BKI Grossed Up Dividend Yield 90 Day Bank Bill Source: BKI Investment Company Limited; IRESS. Grossed up yield based on a tax rate of 30%; Includes FY2012 Final Ordinary Dividend of 3.
Slide 8: BKI Performance as at April 2013
BKI Performance as at 30 April 2013 For personal use only BKI Performance 1 Year 3 Yrs 5 Yrs 7 Yrs 9 Yrs as at 30 April 2013 (pa) (pa) (pa) (pa) S&P/ASX 300 ACC INDEX (XKOAI) 22.7% 7.0% 2.9% 4.2% 9.4% BKI Portfolio Returns are BKI Total Shareholder Returns 28.6% 12.0% 8.1% 6.1% 10.4% measured after
Slide 9: Total Shareholder Returns and Portfolio Performance
Total Shareholder Returns Portfolio Performance as at 30 April 2013 as at 30 April 2013 For personal use only 30.0% 28.6% 25.0% 23.2% 22.7% 25.0% 22.7% 20.0% 20.0% 15.0% 15.0% 12.0% 10.0% 10.4% 8.8% 9.4% 9.4% 10.0% 10.0% 8.1% 7.0% 7.0% 6.1% 6.1% 6.1% 4.2% 5.0% 4.2% 5.0% 2.9% 2.9% 0.0% 0.0% 1 Year 3
Slide 10: Investment Process
Investment Process For personal use only BKI is a research driven, active equities manager investing for the long term in profitable, high yielding, well managed companies. Stock selection is bottom up, focusing on the merits of individual companies rather than market and economic trends. BKI is foc
Slide 11: Top 20 Shareholdings
BKI Investment Company Limited Index 1 NAB National Australia Bank 10.2% 5.7% 2 CBA Commonwealth Bank 9.7% 8.5% 3 WBC Westpac Banking Corp. 8.1% 7.5% For personal use only Top 20 Shareholdings 4 NHC New Hope Corporation 7.4% 0.0% As at 30 April 2013 5 BHP BHP Billiton Limited 6.2% 7.5% 6 TLS Telstra
Slide 12: Portfolio Valuation as at April 2013
Portfolio Valuation as at 30 April 2013 use only 700 600 For personal 500 $ Millions 400 300 200 100 0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Apr-13 Investment Portfolio Cash 12
Slide 13: Management Expense Ratio
Management Expense Ratio For personal use only 0.80% 0.69% 0.71% 0.70% 0.56% 0.60% 0.46% 0.46% 0.50% 0.40% 0.31% BKI Internally Managed 0.30% 0.19% 0.18% 0.18% 0.18% 0.20% 0.10% 2004 2005 2006 2007 2008 2009 2010 2011 2012 1H 13 13
Slide 14: BKI Fact Sheet
14 BKI Fact Sheet www.bkilimited.com.au For personal use only ASX Code BKI.ASX Research Coverage Morningstar Listing Date December 2003 Morgan Stanley Mandate Aust Listed Equities Bell Potter Investment Sectors Diversified Evans and Partners S&P/ASX 300 Baillieu Holst Benchmark Acc Index Approved Pr
Slide 15: Disclaimer
For personal use only Disclaimer This material has been prepared by BKI Investment Company Limited. The information within this document is not intended to provide advice to investors or take into account an individual’s financial circumstances or investment objectives. This is general investment ad
BKI Investment Company — Investor Presentation (May 2013) on 6ix