Wam Income Maximiser Limited · ASX:WMX
Wam Income Maximiser — WAM Strategic Value — FY2025 Earnings Presentation
12 slides from Wam Income Maximiser's earnings presentation, September 2025
Slide 1: FY2025 Full Year Results Webinar
Access the recording FY2025 Full Year Results Webinar Geoff Wilson AO Martyn McCathie Chairman & Investment Specialist Lead Portfolio Manager
Slide 2: Disclaimer
Disclaimer Wilson Asset Management and their related entities 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 (express or implied) is made as to the accuracy, complete
Slide 3: Financial highlights
FY2025 Full Year Results Financial highlights Operating profit before tax in FY2025 Investment portfolio performance in Dividends paid since inception, when FY2025* including the value of franking credits $12.4m +8.6% 22.5 cps Fully franked full year dividend Fully franked dividend yield^ Grossed-up
Slide 4: Fully franked dividends since inception in June 2021
FY2025 Full Year Results Fully franked dividends since inception in June 2021 Cents per share 7.0 3.0cps fully franked Key dividend dates 6.0 final dividend 5.0 Ex-dividend date 2 October 2025 3.0 4.0 Dividend record date 3.0 3 October 2025 (7:00pm Sydney time) 3.0 Last election date for 2.0 8 Octob
Slide 5: Company performance
Company performance $1.52 22.5 cps Dividends paid since Total shareholder return, Look-through NTA 5.7% inception, including including the value of at 31 July 2025* franking credits franking credits for the 12 months to $1.26 31 July 2025 Pre-tax NTA at 31 July 2025 3.0% Total shareholder return for
Slide 6: Investment portfolio outperformance during market drawdowns
Investment portfolio outperformance during market drawdowns WAM Strategic Value S&P/ASX All Ordinaries Outperformance (ASX: WAR) Accumulation Index October 2024 0.4% -1.3% +1.7% December 2024 0.8% -3.1% +3.9% February 2025 1.2% -4.0% +5.2% March 2025 -3.2% -3.5% +0.3% Total -0.8% -11.4% +10.6% Inves
Slide 7: Premiums and Discounts across the LIC sector
Premiums and Discounts across the LIC sector as at 30 June 2025 150 150 100 100 % premium/discount 50 50 - - (50) (50) (100) (100) - $500m $1,000m $1,500m $2,000m $2,500m $5000 m $6000 m $7000 m $8000 m $9000 m $10000 m Average Discount Market capitalisation Average Discount Market capitalisation 7
Slide 8: The growth of the listed investment company sector
The growth of the listed investment company sector LIC/LIT sector market capitalisation and size from 2003 to 2025 120 114 113 110 60,000 107 99 92 100 95 50,000 89 88 88 90 Number of LIC/LITs $'m Market cap 80 67 68 40,000 62 64 65 62 61 53 56 57 56 60 30,000 42 40 20,000 20 10,000 - - Number of LI
Slide 9: The growth of the listed investment company sector
The growth of the listed investment company sector LIC/LIT sector market capitalisation and number of IPOs from 2003 to 2025 12 12 12 12 11 60,000 10 9 50,000 8 Number of IPOs $'m Market cap 8 7 7 40,000 6 6 6 6 5 30,000 4 4 4 20,000 2 2 2 2 1 1 1 1 10,000 0 0 - - 2003200420052006200720082009 2010 2
Slide 10: Diversified investment portfolio by listed investment company/trust (LIC/LIT) sector
Diversified investment portfolio by listed investment company/trust (LIC/LIT) sector at 30 June 2025 19.5% 1.6% LIC/LIT Global Equities: 55.3% LIC/LIT Domestic Equities: 18.0% Listed Property Fund: 5.6% 5.6% 55.3% Direct Discount Asset: 1.6% Cash and Cash Equivalents: 19.5% 18.0% 10
Slide 11: Stock pick case studies
Stock pick case studies Platinum Asia Investments Pengana International Platinum Capital WAM Global (PAI*) Equities (ASX: PIA) (ASX: PMC) (ASX: WGB) *Platinum Asia Investments was delisted from the ASX on 26 August 2025 and previously traded under the ticker ASX: PAI. 11
Slide 12: Q&A
Q&A Join more Get in touch info@wilsonassetmanagement.com.au (02) 9247 6755 than 95,000 www.wilsonassetmanagement.com.au weekly readers