AMCIL Limited · ASX:AMH
AMCIL — H1 FY2024 Earnings Presentation
20 slides from AMCIL's earnings presentation, Jan 30, 2024
Slide 1: Half Yearly Results Webcast Presentation
30 January 2024 The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement For personal use only AMCIL Limited Half Yearly Results Webcast Presentation Please find attached the presentation to be given at the Comp
Slide 2: Half Year Results
Half Year Results For personal use only January 2024
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited and Australian Investment Company Services Limited (AFSL: 303209) 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 (expre
Slide 4: Results in Summary
For personal use only Results in Summary Half Year Results / January 2024 3
Slide 5: Interim Result Summary – Six months to December 2023
For personal use only Interim Result Summary – Six months to 31 December 2023 * Assumes an investor can take full advantage of the franking credits. Half Year Results / January 2024 4
Slide 6: Share Price Relative to Net Tangible Asset (NTA) December 2023
For personal use only Share Price Relative to Net Tangible Asset (NTA) 31 December 2023 NTA: $1.18 Share price: $1.03 Half Year Results / January 2024 5
Slide 7: Portfolio Performance and Activity
For personal use only Portfolio Performance and Activity Half Year Results / January 2024 6
Slide 8: Portfolio Performance – Returns to December 2023
Portfolio Performance – Returns to 31 December 2023 For personal use only AMCIL’s Investment Objectives Attractive returns through strong capital growth in the portfolio over the medium to long term The generation of fully franked dividends. Assumes an investor can take full advantage of the fra
Slide 9: The Key Unique Benefits of an Investment in AMCIL
The Key Unique Benefits of an Investment in AMCIL For personal use only The key unique benefits of AMCIL are the combination of: Focused portfolio invested in quality companies where holding size is not determined by the index weighting Alignment of interests Comparatively low management cost No
Slide 10: A Closer Look at AMCIL's Investment Approach
A Closer Look at AMCIL’s Investment Approach For personal use only Attributes of a high-quality company that we seek: Why this matters: • Unique assets that are hard to replicate or have an • The presence of these factors drives a Industry leadership position (or developing one) competitive advantag
Slide 11: AMCIL's Portfolio Diversification
AMCIL’s Portfolio Diversification A spread of high quality of small and large businesses operating across different sectors For personal use only and geographies gives us long term confidence across a variety of possible equity market and economic conditions. Half Year Results / January 2024 10
Slide 12: Recent Portfolio Activity
Recent Portfolio Activity For personal use only Exited Reduced Added New (Purchased and Exited) Half Year Results / January 2024 11
Slide 13: Our Investment Philosophy in Practice – New Holdings
Our Investment Philosophy in Practice – New Holdings Initiated positions in companies with attractive characteristics: For personal use only Provider of leading circuit Leading diversified mining Leading provider of software board design software company to government and regulated Aligned m
Slide 14: Our Investment Philosophy in Practice – Recent Transactions
Our Investment Philosophy in Practice – Recent Transactions For personal use only Continue to seek value in quality, out of favour companies: Green circles indicate purchases by AMCIL during the FY24 First Half Year. Half Year Results / January 2024 13
Slide 15: Our Investment Philosophy in Practice – Recent Transactions
Our Investment Philosophy in Practice – Recent Transactions For personal use only Continue to seek value in quality, out of favour companies: Green circles indicate purchases by AMCIL during the FY24 First Half Year. Half Year Results / January 2024 14
Slide 16: Our Investment Philosophy in Practice
Our Investment Philosophy in Practice For personal use only Established or added to holdings in Maintained conviction where fundamentals are growing, developing companies with sound: owner driver characteristics: Observed significant dislocation in quality healthcare names due to concerns surround
Slide 17: Portfolio Well Positioned For The Future
Portfolio Well Positioned For The Future For personal use only AMCIL’s portfolio is well placed to navigate a wide range of economic outcomes: Growth Companies Stalwart Companies Income Companies ‘Asset Play’ Companies Half Year Results / January 2024 16
Slide 18: Outlook
For personal use only Outlook Half Year Results / January 2024 17
Slide 19: Outlook
Outlook For personal use only Key questions on our minds: While AMCIL is not immune to external risks, our approach positions the portfolio to weather market volatility: Inflation is declining, is this sustainable Continued focus on quality companies and what are the implications for interest
Slide 20: For personal use only
For personal use only