Whitefield Income Limited · ASX:WHI
Whitefield Income — Corporate Update (November 2025)
16 slides from Whitefield Income's corporate update, Nov 25, 2025
Slide 1: Whitefield Income Update 25 Nov 2025
UPDATE 25 Nov 2025 Whitefield Income Ltd
Slide 2: Important Information
_Important Information General, Limited Commentary: Investors should consider all other relevant information and the use of professional advice prior to forming an investment decision. This document contains information about Whitefield and the markets in which it operates. The document is limited i
Slide 3: Whitefield Income Update
Whitefield Income Update This update contains information on recent outcomes for Whitefield Income Ltd. Presenting today: Angus Gluskie Will Seddon Chairman Executive Director 3
Slide 4: Whitefield Group Background
Whitefield Group Background ~$1.5bn FUM (ASX LIVs, institutional portfolios and funds) Experience, Efficiency, Innovation, Reliability, Integrity ASX listed investment company ASX listed investment company 5th year of strategy operation In 103rd year of operation 1st year since ASX listing ASX200 (E
Slide 5: Translating strength of return into regular franked dividends
Translating strength of return into regular franked dividends 5
Slide 6: Patterns of Income Recognition in Share Prices
Patterns of Income Recognition in Share Prices 6
Slide 7: Patterns of Income Recognition in Share Prices
Patterns of Income Recognition in Share Prices 7
Slide 8: Income and Profit
Income and Profit Latest quarter-end _A strong first quarter (Qtr End Sep 25) • Gross Income(1) $7.8m • NPAT $5.1m • EPS 3.2 cps • Income generation strong and consistent with the prior 4+ years of strategy operation 13%pa Gross income (1) Since strategy inception Jan 21 (1) Gross income refers to i
Slide 9: Dividends
Dividends _Dividends 0.7 DIVIDENDS PER SHARE • 7.6%pa gross monthly franked dividends(1) 0.6 • +Additional six monthly top up dividends 0.5 Cents per share (commence after Dec 25 half-year) 0.4 0.3 7.6%pa 0.2 Current gross monthly dividend (1) 0.1 + Six Monthly Top Up 0 Apr-25 May-25 Jun-25 Jul-25 A
Slide 10: Investment Returns
Investment Returns _Notes Past performance reflects economic conditions and management over the years shown and should not be considered a forecast of future outcomes. Performance for periods greater than 1 year shown as annualised equivalent. 10
Slide 11: Investment Holdings & Sectoral Exposures
Investment Holdings & Sectoral Exposures Note: Charts reflect positions Nov 2025 11
Slide 12: Monthly Exposures
INCOME —WHITEFIELD Monthly Exposures EXPOSURES SINCE STRATEGY INCEPTION er 97-0 EE cz-es TL sz zr rere A ee cz ere re seer vz a, 72-10 92-20 vee: ee Der re cA ere AO a 22 ¥e-02 5 a) e-er ¢z<0 ( , €-10N &2-20 re ez -6y (2 ez rr rr A ere (a ¢c-02 5 (Sezer re DR DE 22-0 272s: re 22-19" eer reer ASL 2c
Slide 13: Net Asset Backing [NAB]
Net Asset Backing [NAB] _WHI shares have been trading at a premium to net asset backing • Confidence in the dividend profile • A growing base of investors _Estimated NAB 24 Nov 2025 • Estimated NAB $1.29 • Estimated Franking Credits $0.03 • Total NAB and franking credits $1.32 Notes: Estimated NAB i
Slide 14: Placement details
Placement details Placement size (up to) $53m Placement securities (up to) 40.1m $1.32 (Equates to estimated before deferred tax asset backing plus franking credits) Placement price Placement price represents a 5.2% discount to 5 day volume weighted average price to 24 November 2025 Dividend Placeme
Slide 15: Share Purchase Plan
Share Purchase Plan Issue size per holder Up to $30,000 of WHI shares $1.32 [a 5.2% discount to the volume weighted average price (VWAP) to 24 SPP Pricing November 2025] OR 5 day VWAP on Closing Date (if lower) SPP shares rank equally with existing shares and will be entitled to the Dividend Decembe
Slide 16: A final thought on Equity Income
A final thought on Equity Income The purpose of an Australian share based Equity Income investment in a wealth accumulation strategy: ✓ High level of regular monthly franked dividends ✓ Strength of long term return from Australian shares ✓ Differentiated strategy and portfolio ✓ A dynamic and defens