Washington H. Soul Pattinson And Company Limited · ASX:SOL

Washington H. Soul Pattinson And — H1 2019 Earnings Presentation

15 slides from Washington H. Soul Pattinson And's earnings presentation, Mar 21, 2019

  1. Slide 1: Results Presentation: Business Overview

    For personal use only Results Presentation Business Overview DIVERSIFIED LONG TERM CONSERVATIVE PORTFOLIO INVESTOR AND VALUE FOCUSED OVER THE LAST 15 YEARS WHSP HAS CONTINUALLY DELIVERED A TSR OF INCREASED DIVIDENDS 13.9% PER ANNUM (growing at a compound (outperforming the All Ords annual growth rat

  2. Slide 2: Key Highlights Half year ended 31 January 2019

    Key Highlights Half year ended 31 January 2019 For personal use only 1H GROUP 6 MONTH PORTFOLIO NET REGULAR CASH2 STATUTORY PROFIT VALUE1 INCREASED FROM INVESTMENTS $179m $554m $92.0m up 22.6% on 1H18 up 10.2% to $6.0 billion up 24.8% on 1H18 FULLY FRANKED 12 MONTH TOTAL INVESTMENT IN WHSP INTERIM D

  3. Slide 3: WHSP major investments' performance

    WHSP major investments’ performance Share price performances 1 August 2018 to 15 March 2019 For personal use only 60% 50% WHSP 40% S&P/ASX All Ordinaries Index 30% New Hope Corporation Limited 20% Brickworks Limited 10% TPG Telecom Limited 0% -10% All Ordinaries Index -20% 5 WHSP Total Shareholder R

  4. Slide 4: WHSP Total Shareholder Returns

    WHSP Total Shareholder Returns 15 years to 31 January 2019 For personal use only 600% +602% 15 years to 500% 31 January 2019 WHSP 400% 300% +241% 200% Includes the 100% All Ordinaries re-investment of Accumulation Index dividends - 7 WHSP Total Shareholder Returns Wealth Creation over 40 years to 31

  5. Slide 5: Interim Dividend History; New Hope Corporation Limited

    20 Year Interim Dividend History Interim Dividend 24 cents per share fully franked, up 4.3% For personal use only Up 1 cent: 21st Consecutive Increase 9 New Hope Corporation Limited Half year ended 31 January 2019 Controlled entity 50.0% held Contribution to WHSP profit $62.4m Value of shareholding

  6. Slide 6: New Hope Corporation Limited: NPAT and Total Shareholder Returns

    New Hope Corporation Limited Group NPAT comparison (before non-regular items) For personal use only 11 New Hope Corporation Limited Total Shareholder Returns  Almost $2 billion in fully franked dividends paid to shareholders over the last 10 years  12 month TSR of 99% (to 31 January 2019)  23% pe

  7. Slide 7: New Hope: Seaborne demand versus supply; HELE development in Asia

    New Hope Corporation Limited Seaborne demand versus supply (Mt) For personal use only  Wood Mackenzie expects longer term seaborne demand for thermal coal to remain static  Demand in SE Asia and India compensates for reduction in demand in other countries  No meaningful global supply response  I

  8. Slide 8: TPG Telecom Limited

    TPG Telecom Limited Half year Ended 31 January 2019 For personal use only Associated entity 25.3% held Contribution to WHSP profit $9.7m Value of shareholding $1.64b Contribution to WHSP Regular profit $56.9m Why we continue to own TPG Results for the half  Valuable and extensive infrastructure net

  9. Slide 9: TPG Telecom: Corporate growth and Outlook

    TPG Telecom Limited Growth in corporate offsetting NBN impact For personal use only 17 TPG Telecom Limited Outlook  TPG merger with Vodafone:  ACCC decision expected May 2019  Significant synergy potential  Creation of a stronger competitor to majors  Singapore mobile rollout ahead of expectati

  10. Slide 10: Brickworks Limited

    Brickworks Limited Half year ended 31 January 2019 For personal use only Associated entity 43.8% held Contribution to WHSP profit $58.5m* Value of shareholding $1.08b Contribution to WHSP Regular profit $41.9m* Why we continue to own Brickworks Results for the half  Dividend stability  Underlying

  11. Slide 11: Brickworks: Long term dividend growth; property trust assets

    Brickworks Limited Long term dividend growth For personal use only Diversified earnings support higher dividends to WHSP  19 cents per share interim dividend, up 6%  Long history of dividend growth  43 years since dividends last decreased (1976) 21 Brickworks Limited Growth in value of property t

  12. Slide 12: Financial Services and Pharmaceutical Portfolios

    Financial Services Portfolio For personal use only PORTFOLIO COMPANIES OWNERSHIP  Value of portfolio* $365m, down 12% for the BKI Investment Company Limited 8.6% half Contact Asset Management 20.0%  Impacted by equity market volatility during Ironbark Asset Management 19.7% the period Milton Corpo

  13. Slide 13: Round Oak Minerals; WHSP Property Portfolio

    Round Oak Minerals Half Year Ended 31 January 2019 For personal use only  Continuing to advance a number of projects around Australia with exposure to primarily Percentage ownership 100% copper, zinc and gold Value of shareholding* $198m  Nearing production on a number of assets Contribution to WH

  14. Slide 14: Unlisted Portfolio and Outlook

    WHSP Unlisted Portfolio For personal use only  15 unlisted investments with a total value of $118m, up 26.8% for the half  Portfolio increased as a result of $28m in new investments in:  Aquatic Achievers (swimming schools)  Dimeo Group (commercial cleaning)  Duxton trusts (agribusiness)  Ampc

  15. Slide 15: Terms and Definitions

    Terms and Definitions For personal use only Regular profit after tax is a non-statutory profit measure and represents profit from continuing operations before non- regular items. A reconciliation to the statutory net profit after tax is included in the half year financial report. Refer to 1 Regular

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