BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — H1 FY2023 Earnings Presentation
21 slides from BKI Investment's earnings presentation, Jan 17, 2023
Slide 1: BKI Investment Company Limited FY2023 Half Year Results
For personal use only BKI Investment Company Limited FY2023 Half Year Results for the Half Year ended 31 December 2022 BKI is managed by Contact Asset Management AFSL 494045
Slide 2: Disclaimer
For personal use only Disclaimer This material has been prepared by Contact Asset Management on behalf of 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 obj
Slide 3: 2023 Half Year Results
For personal use only 2023 Half Year Results For the half year ended 31 December 2022 Result excluding special investment revenue 1H 2023 1H 2022 Movement Ordinary revenue from Investment Portfolio $35.8m $31.5m 13% Total Revenue - Ordinary $36.3m $32.2m 13% Operating Result (before tax and special
Slide 4: Fully Franked Dividends
For personal use only Fully Franked Dividends Dividend Key Dates for the half year ended 31 December 2022 3.70cps 0.50cps 9th Feb 2023 Ordinary Interim Dividend Special Dividend Last Trading Date Up 6% Fully Franked to be eligible for dividends Dividend Key Dates Last trading date to be eligible for
Slide 5: Dividend History
For personal use only Dividend History Using the FY2022 Final Dividends, FY2023 Interim Dividends, and a share price of $1.70, BKI’s historical grossed-up dividend yield is 6.9%. 5.00 Since listing, BKI has paid out to shareholders: $1.27 4.00 Cents per share 3.00 per share 2.00 or 1.00 $922m in div
Slide 6: Performance
For personal use only BKI Investment Company Limited Performance BKI is managed by Contact Asset Management AFSL 494045
Slide 7: Total Shareholder Return
For personal use only Total Shareholder Return As at 31 December 2022 15.4% BKI’s Total Shareholder Return, including franking credits, was 1 Year positive 15.4% for the year. Significantly outperforming the Total Shareholder Return S&P/ASX 300 Accumulation Index* by 15.2%. 20.0% 15.4% 15.0% 9.6% 10
Slide 8: Net Portfolio Return
For personal use only Net Portfolio Return As at 31 December 2022 5.7% BKI’s Net Portfolio Return for the year was positive 3.9%, outperforming 1 Year the S&P/ASX 300 Accumulation Index by 5.7%. Portfolio Outperformance 10.0% 8.6% 7.5% 7.1% 6.7% 6.3% 5.9% 5.5% 5.2% 5.0% 5.0% 3.9% 2.5% 0.0% -2.5% -1.
Slide 9: The Benefit of Long-Term Investing
For personal use only The Benefit of Long-Term Investing Cumulative Share Price Returns - As at 31 December 2022. Assuming all dividends were reinvested and using the benefit of franking credits, the cumulative share price of BKI shares is currently $5.67 per share. $5.67 $6.00 $5.50 $5.00 $4.50 $4.
Slide 10: Premium/Discount to NTA
For personal use only Premium/Discount to NTA As at 31 December 2022 BKI’s Pre-Tax Net Tangible Assets as at 31 December 2022 was $1.76 and trading at a premium of 1.8% $1.90 $1.80 40% $1.70 $1.60 30% $1.50 $1.40 20% $1.30 $1.20 10% $1.10 $1.00 0% $0.90 $0.80 -10% $0.70 $0.60 -20% Prem/Disc % Pre Ta
Slide 11: BKI Portfolio Discussion
For personal use only BKI Investment Company Limited BKI Portfolio Discussion BKI is managed by Contact Asset Management AFSL 494045
Slide 12: Portfolio Positioning - Purchases / Disposals
For personal use only Portfolio Positioning - Purchases / Disposals As at 31 December 2022 Purchases Purchases Disposals Disposals Add New Reduce Exit N/A N/A 12 Source: BKI, Contact Asset Management.
Slide 13: Portfolio Positioning – Exposure/Active Weight by Sector
For personal use only Portfolio Positioning – Exposure/Active Weight by Sector As at 31 December 2022 Exposure by Sector Active Weight by Sector Real Estate, 1.6% Energy Cash, 4.2% 7.2% Materials, 15.6% Utilities 5.8% Health Care, 5.0% Cash 4.2% Communication Consumer Discretionary 3.1% Services, 5.
Slide 14: Portfolio Positioning - MSCI ESG Portfolio Exposure
For personal use only Portfolio Positioning - MSCI ESG Portfolio Exposure* A MSCI ESG Rating aims to measure a company's resilience to long-term ESG risks. 14 Number of Companies in BKI Investment Portfolio 12 10 8 6 4 2 0 CCC B BB BBB A AA AAA LAGGARD AVERAGE LEADER Source: BKI, Contact Asset Manag
Slide 15: Top Investments
For personal use only Top 25 Investments As at 31 December 2022 Stock % of Total Portfolio Stock % of Total Portfolio 1 BHP Group 9.2% 14 Harvey Norman Holdings 2.4% 2 Macquarie Group 8.3% 15 Amcor 2.2% 3 APA Group 7.2% 16 Sonic Healthcare 2.2% 4 Commonwealth Bank 7.2% 17 TPG Telecom Limited 2.1% 5
Slide 16: Market Discussion
For personal use only BKI Investment Company Limited Market Discussion BKI is managed by Contact Asset Management AFSL 494045
Slide 17: Focusing On Quality
For personal use only Focusing On Quality We have developed an investment process that is proven, robust and repeatable. What we consider when we ADD or INCREASE our exposure to a stock. We invest in companies using the six fundamentals below as part of the stock selection process. Dividend Sustaina
Slide 18: Focusing On Quality: Exposure by Sector
For personal use only Materials Focusing On Quality Exposure by Sector Communication Services BKI aims to generate an increasing income stream for distribution to Consumer Stapes Energy shareholders in the form of fully franked dividends. Industrials We achieve this through long term investment in U
Slide 19: Focusing On Quality: Active Weight by Sector
For personal use only Focusing On Quality Active Weight by Sector Energy 7.2% Utilities 5.8% Consumer Discretionary 3.1% Financials 2.1% Consumer Staples 1.8% Communication Services 1.5% Industrials 1.0% Real Estate -4.6% Health Care -5.0% Banks -5.5% Materials -8.5% -10.0% -8.0% -6.0% -4.0% -2.0% 0
Slide 20: BKI Investment Company
For personal use only BKI Investment Company A sensible, low cost investment option, focused on quality. Dividend Yield #^ 1 Year TSR^ 10 Year TSR^ MER 6.9% 15.4% pa 9.6% pa 0.18% 1H FY2023 Net Total Assets Operating Result* No +13.0% $1,316m Performance Fees Lonsec Recommended Rating As at 31 Decem
Slide 21: For more information, please visit www.bkilimited.com.au
For personal use only For more information, please visit www.bkilimited.com.au
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