AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (September 2003)
10 slides from AMCIL's shareholder meeting presentation, Sep 17, 2003
Slide 1: AMCIL AGM 2003 Chairman's Address (ASX cover letter)
AMCIL Limited ACN 073 990 735 101 Collins Street Melbourne Victoria 3000 GPO Box 21148 Melbourne 3001 Telephone 03 9650 9944 Facsimile 03 9650 9100 Email: invest@amcil.com.au Internet: heep://www.ameil.com.atr 17 September 2003 Australian Stock Exchange Limited Company Announcements Office Exchange
Slide 2: Annual General Meeting 17 September 2003
IAMCIL| Annual General Meeting 17 September 2003
Slide 3: Reasons for the Wind Down of the Company
ABMCIL Reasons for the Wind Down of the Company * Structural change in the industries * Shares persistently trading at a large discount to net asset backing * Performance dominated by News Corporation, Telstra and cash holdings One of the key imperatives was to close the gap at which the Company’s s
Slide 4: Investment Environment - Year to June 2003
Investment Environment — Year to 30 June 2003 # S&P/ASX 300 Media Accumulation Index up 11.3% # S&P/ASX 300 Media Accumulation Index ex NCP up 1.7% # S&P/ASX 300 Telco Accumulation Index up 2.0% = S&P/ASX 300 Telco Accumulation Index ex TLS up15.3%
Slide 5: Financial Performance
Financial Performance 2003 2002 $7000 $°000 Dividends & Interest 5,000 7,004 Option Trading 1,638 3,811 Expenses (878) (718) Gains/(Losses) on disposals (28,240) (8,316) Net write back/(down) of securities 21,859 (22,341) income tax (910) (2,590) Total Changes in Equity (731) (23,150)
Slide 6: Overview to June 2003
at Overview to 30 June 2003 « AMCIL Total Return (share price + capital return) up 21.5% = S& = S& = S& = S& P/ASX 300 Media Accumulation Index up 11.3% P/ASX 300 Media Accumulation Index ex NCP up 1.7% P/ASX 300Telco Accumulation Index up 2.0% P/ASX 300Telco Accumulation Index ex TLS up15.3%
Slide 7: Wind up Proposal - actions
7 AMCIL Wind up Proposal - actions ° Progressively sold AMCIL’s investments ° Liquidated portfolio by July 2003 °e Repaid capital to shareholders 18 November 2002 17 January 2003 11 March 2003 23 May 2003 1 August 2003 $0.33 $0.32 $0.40 $0.40 $0.40
Slide 8: Overview October 2002-July 2003
— ACL Overview October 2002-July 2003 AMCIL Total Return (net tangible assets+capital return) AMCIL Total Return (share price+capital return) S&P/ASX 300 Media Accumulation Index S&P/ASX 300 Telco Accumulation index +1.4% +10.4% +11.7% +2 6%
Slide 9: Share Price to Net Asset Backing
Share Price to Net Asset Backing Premium/Discount Since Listing 10% 0% ~10% ~20% 30% Feb-00 Aug-00 Feb-01 Aug-01 Feb-02 Aug-02 Feb-03
Slide 10: Next Steps
Next Steps * Postpone vote to liquidate the Company ¢ Continue discussions with interested parties