AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (September 2011)
18 slides from AMCIL's shareholder meeting presentation, Sep 29, 2011
Slide 1: AMCIL 2011 Annual General Meeting Presentation cover letter
For personal use only 29 September 2011 The Manager Company Announcements Office Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited 2011 Annual General Meeting Presentation Dear Sir / Madam Please find attached a presentation th
Slide 2: AMCIL Annual General Meeting Presentation
For personal use only AMCIL Annual General Meeting 29 September 2011 Presentation
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited, its 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, c
Slide 4: Participation in BHP Billiton buy back lifted profits
Participation in BHP Billiton buy back lifted profits For personal use only FY11 FY10 Key factors: $m $m • Participation in BHP Billiton Income 8.7 6.3 buy back Operating Expenses (1.3) (1.2) • Increase in dividends and Income Tax (0.3) (0.2) distributions Net Operating Profit 7.1 4.9 • Costs flat N
Slide 5: Strong increase in the fully franked dividend
This was reflected in the strong increase in the fully franked dividend For personal use only FY11 FY10 FY09 cents cents cents Earning Per Share* 3.5 2.6 2.2 Dividends Per Share 3.5 2.0 2.0 *based on net operating profit Dividend policy is to maximise the distribution of the franking account balan
Slide 6: Portfolio value improved over the year with cash available
Portfolio value improved over the year with cash available to take advantage of opportunities For personal use only $Million 22.0
Slide 7: The Market Over the Year – All Ordinaries
The Market Over the Year – All Ordinaries Price Index For personal use only
Slide 8: All Ordinaries Price Index – A Long Term View
All Ordinaries Price Index – A Long Term View For personal use only
Slide 9: Total Portfolio Return – % Per Year to August 2011
Total Portfolio Return* – % Per Year to 31 August 2011 For personal use only *measured by return on capital as measured by the change in net asset backing plus reinvested dividends and adjusting for the additional cash received during the period from the exercise of options
Slide 10: What AMCIL has been doing since the start of the financial year
What AMCIL has been doing since the start of the financial year For personal use only Added to current holdings to take advantage of very weak days Purchased new holdings when value on offer Reduced the number of holdings in the portfolio, including exit of small positions
Slide 11: Market volatility has allowed purchases in good quality companies
Market volatility has allowed purchases in good quality companies since 1 July 2011 - For personal use only the largest were: Ansell* Origin Energy Orica* Wesfarmers* *new company to the portfolio
Slide 12: A number of sales have occurred since July
A number of sales have occurred since 1 July For personal use only with the largest being: Perpetual# Alumina# Iluka Resources ASG Group #complete disposal
Slide 13: AMCIL's Investment Structure – August 2011
AMCIL’s Investment Structure – 31 August 2011 For personal use only Investment portfolio: A$144.7 million 50 companies Trading portfolio of $3.3 million Cash of $3.1 million
Slide 14: AMCIL Top Holdings – August 2011
AMCIL Top 20 Holdings – 31 August 2011 For personal use only % of the $ ’000 portfolio 1 Hastings Diversified Utilities Fund 9,482 6.4% 2 Commonwealth Bank of Australia 8,504 5.7% 3 BHP Billiton 7,807 5.3% 4 Westpac Banking Corporation 7,561 5.1% 5 Transurban Group 6,638 4.5% 6 National Australia Ba
Slide 15: AMCIL Top Holdings – August 2011 con't.
AMCIL Top 20 Holdings – 31 August 2011 con’t. For personal use only % of the $ ’000 portfolio 11 QBE Insurance Group 4,341 2.9% 12 Australian Infrastructure Fund 4,231 2.9% 13 Coca-Cola Amatil 4,123 2.8% 14 Oil Search 4,113 2.8% 15 Senex Energy 4,091 2.8% 16 AMP 4,016 2.7% 17 Amcor 3,794 2.6% 18 Bra
Slide 16: Share Price Relative to Net Asset Backing – DRP suspended
Share Price Relative to Net Asset Backing – DRP suspended for the final dividend For personal use only Premium/Discount Cents NTA Share Price
Slide 17: Conditions are providing good opportunities for AMCIL
Conditions are providing good opportunities for AMCIL For personal use only Markets likely to remain uncertain Global growth weighed down by debt levels in developed countries Emerging economies including China remain critical to global growth Patchy business conditions in Australia Portfo
Slide 18: AMCIL Annual General Meeting September 2011
For personal use only AMCIL Annual General Meeting 29 September 2011