Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — Shareholder Meeting (November 2025)
29 slides from Plato Income Maximiser's shareholder meeting presentation, Nov 18, 2025
Slide 1: 2025 Annual General Meeting
2025 ANNUAL GENERAL MEETING PLATO INCOME MAXIMISER LIMITED ASX: PL8 18 November 2025 For personal use only 1
Slide 2: Agenda
Agenda 01 02 Chairman’s Address Formal Business For personal use only 03 04 Investment Manager Update Questions 2
Slide 3: Chairman's Address
For personal use only Chairman’s Address Mr Jonathan Trollip 3
Slide 4: PL8 Overview
PL8 Overview PLATO INCOME MAXIMISER LIMITED For personal use only First Australian Listed Based on the Designed specifically Investment Company investment strategy of with retiree investors (LIC) paying monthly the Plato Australian in mind (pension phase fully-franked dividends Shares Income Fund su
Slide 5: Performance
Performance For personal use only Performance 30 June 2025 31 October 2025 Portfolio Performance1 10.3% p.a. 10.7% p.a. (total return since inception4) Distributed Dividends2 7.6% p.a. 7.6% p.a. (paid to shareholders since inception4) TSR Performance3,5 8.5% p.a. 8.7% p.a. (since listing date4) 1 Pa
Slide 6: Dividend Update
Dividend Update MONTHLY DIVIDENDS STABLE AT $0.0055 PER SHARE1 For personal use only 1 The chart refers only to the monthly PL8 dividends. PL8 has paid two special dividends that are not included in the above chart: 1) $0.03 per share in May 2019 and 2) $0.0055 in May 2022 Source: Plato. The declara
Slide 7: Growth and Distributed Dividends
Growth and Distributed Dividends SINCE INCEPTION RETURN DRIVERS • Looking back since the IPO of the Company to today: For personal use only • Pre-tax NTA is higher over the period, representing capital growth particularly over the last 18 months • Distributed dividends paid to shareholders (plus fra
Slide 8: Share price trades at a premium to NTA
Share price trades at a premium to NTA For personal use only Source: Plato, IRESS. Past performance is illustrative only and not indicative of future performance. 8
Slide 9: PL8 – IPO vs Today
PL8 – IPO vs Today For personal use only IPO Category Today1 (5 May 2017) Net Assets $326m $891m Number of Shareholders 5,618 13,238 Annual running costs2 0.18% 0.11% 1 31 October 2025 unless otherwise stated 2 Source: Values for ‘IPO’ and ‘Today’ calculated as total expenses excluding management fe
Slide 10: Formal Business
For personal use only Formal Business Mr Jonathan Trollip 10
Slide 11: Formal Business: Financial statements and reports
Formal Business Financial statements and reports Consideration of financial statements and reports For personal use only 11
Slide 12: Resolution: Adoption of the Remuneration Report
Formal Business Resolution 1 Adoption of the Remuneration Report For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That the Remuneration Report of the Company for the financial year ended 30 June 2025 be adopted” 12
Slide 13: Resolution - proxies
Formal Business Resolution 1 - proxies For personal use only Shares Voted For 11,314,553 80.51% Open 1,537,664 10.94% Against 1,201,605 8.55% Abstain 318,609 13
Slide 14: Resolution: Re-election of Chris Meyer as a director
Formal Business Resolution 2 Re-election of Chris Meyer as a director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Chris Meyer, who retires by rotation in accordance with rule 6.7 of the Company’s Constitution and, being
Slide 15: Resolution - proxies
Formal Business Resolution 2 - proxies For personal use only Shares Voted For 13,815,412 88.09% Open 1,691,109 10.78% Against 176,622 1.13% Abstain 323,068 15
Slide 16: Resolution: Re-election of Lorraine Berends as a director
Formal Business Resolution 3 Re-election of Lorraine Berends as a director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Lorraine Berends, who retires by rotation in accordance with rule 6.7 of the Company’s Constitution a
Slide 17: Resolution - proxies
Formal Business Resolution 3 - proxies For personal use only Shares Voted For 13,650,626 87.56% Open 1,691,109 10.85% Against 247,705 1.59% Abstain 416,771 17
Slide 18: Investment Manager Update
For personal use only Investment Manager Update Dr Don Hamson 18
Slide 19: PL8 delivering high income month realised yield
PL8 delivering high income 12 month realised yield* For personal use only CASH 3.3 5.0 FRANKING 1.0 2.2 *to 31 October 2025, Plato, Bloomberg 19
Slide 20: Chart of Plato Income Performance
Chart of Plato Income Performance – to 31 Oct 2023 Plato Aust. Shares Income Fund v S&P/ ASX200 Accumulation Series (incl. Franking Credits) Indexed to $100k since inception For personal use only Source: Plato, Bloomberg. Franking credits have been valued from the perspective of a tax-exempt investo
Slide 21: Results season August 2025 - Dividends
Results season August 2025 - Dividends DIVIDENDS FALLING IN RESOURCES BUT POSITIVE ELSEWHERE • Over $34bn in dividends have been declared. AUG 2025 CHANGE IN DIVIDENDS PCP Average Median $ Value For personal use only • New dividends from Regis and Gusman and Gomez. • Special dividends: Nine Entertai
Slide 22: Reporting Season Analysis: Westpac
Reporting Season Analysis WESTPAC For personal use only • Decent result, FY25 NPAT of $6,916m, down 1% vs FY24, slightly above market expectations due to lower bad debts. • Interim Dividend 77c vs 76c in pcp, up 1%. Equates to 5.7% annual gross yield after recent good performance. • Payout Ratio 75%
Slide 23: Reporting Season Analysis: CBA
Reporting Season Analysis CBA For personal use only Source: Plato 23
Slide 24: Reporting Season Analysis: JB Hi-Fi
Reporting Season Analysis JB HI-FI For personal use only • 1H FY25 sales up 10.0%, EPS up 5.4%, marginally above expectations. Driven by higher sales in all divisions. • Final Dividend 105c + 100c Special Dividend vs 103c +80c last year (up 12%). Equates to 4.6% annual gross yield (incl. special). 6
Slide 25: Dividend outlook within normal range
Dividend outlook within normal range AVERAGE % CHANCE OF DIVIDEND CUTS FOR AUSTRALIAN MARKET For personal use only Source: Plato, based on MSCI World IMI (Australian portion) 25
Slide 26: Conclusion – Cautiously Optimistic
Conclusion – Cautiously Optimistic Caution: Tariffs are impacting global trade and confidence but impacts on Australia are relatively small For personal use only Optimism: Dividends have fallen but are still strong – Plato dividend cut model back to average – Active fund management critical in deliv
Slide 27: Questions
For personal use only Questions Mr Jonathan Trollip Dr Don Hamson 27
Slide 28: Disclaimer
Disclaimer Note: Past performance is not a reliable indicator of future performance. Plato Investment Management Limited AFSL 504616 ABN 77 120 730 136 (‘Plato’), is the investment manager of Plato Income Maximiser Limited ABN 63 616 746 215 (‘PL8’). While PL8 and Plato believe the information conta
Slide 29: Thank you for joining us for our AGM
For personal use only Thank you for joining us for our AGM PL8 shareholder enquiries For general information about your shareholding please contact the Share Registry Automic: T: 1300 288 664 E: hello@automicgroup.com.au For investment enquiries please contact Pinnacle T: 1300 010 311 E: invest@plat
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