AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (October 2009)
17 slides from AMCIL's investor presentation, Oct 16, 2009
Slide 1: Shareholder Information Meeting lodgement letter
For personal use only 16 October 2009 The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited Shareholder Information Meeting Dear Sir or Madam Please find attached a presentation to b
Slide 2: AMCIL Shareholder Presentations October 2009
For personal use only AMCIL Shareholder Presentations October 2009
Slide 3: Total Profit Since Recapitalisation
$Million Total Profit Since Recapitalisation For personal use only 16 14 13.9 12 10 9.3 8 10.7 5.1 6 4.6 4 3.3 0.8* 2.6 1.0 1.5 4.2 2 0.2 3.2 3.8 0.6 1.6 1.8 0 0.4 2004 2005 2006 2007 2008 2009 Net Operating Profit After Tax Profit After Tax (including realised gains) * Includes a charge of $5.1 mil
Slide 4: Dividends
Dividends For personal use only 2 cents per share fully franked (3 cents last year) Dividend Policy Maximise the distribution of the franking account balance subject to the level of profit for the year It is not be normal practice to distribute realised capital gains unless franking credits have bee
Slide 5: Portfolio at June
Portfolio at 30 June For personal use only $Million 160 141.2 140 16.6 121.3 120 18.0 106.4 100 22.0 80 71.5 60 52.3 124.6 44.6 103.3 8.5 40 84.4 25.8 71.5 20 43.8 18.8 0 2004 2005 2006 2007 2008 2009 Portfolio Value Cash New Capital of $39.1 million raised in 2007 as a result of the exercise of out
Slide 6: Portfolio
Portfolio For personal use only At 30 September 2009: 39 companies with a market value $116.5m $12.2 million of cash
Slide 7: AMCIL Top Holdings – September
AMCIL Top 20 Holdings – 30 September 2009 For personal use only $ ’000 1 Westpac Banking Corporation 9,635 2 Commonwealth Bank of Australia 8,609 * 3 National Australia Bank 8,225 4 BHP Billiton 7,546 5 Telstra Corporation 6,711 6 Hastings Diversified Utilities Fund 5,788 7 QBE Insurance Group 5,567
Slide 8: AMCIL Top Holdings – September
AMCIL Top 20 Holdings – 30 September 2009 For personal use only $ ’000 11 Amcor 4,180 12 Peet 3,782 13 ASG Group 3,235 14 Equity Trustees 3,149 15 Brambles 3,101 16 Mitchell Communication Group 2,865 17 Oakton 2,763 18 Coca-Cola Amatil 2,698 19 Oil Search 2,609 20 REA Group 2,511 Total 97,027 As % o
Slide 9: Largest Acquisitions (1/7/08-30/6/09)
For personal use only Largest 5 Acquisitions - (1/7/08-30/6/09) $m Westpac Banking Corporation 4.9 Commonwealth Bank of Australia 3.5 QBE Insurance Group 3.3 Iluka Resources 1.6 National Australia Bank 1.5
Slide 10: Largest Disposals (1/7/08 to 30/6/09)
Largest 5 Disposals - (1/7/08 to 30/6/09) For personal use only $m Queensland Gas 11.5 ConnectEast Group 3.8 Rio Tinto 3.5 BHP Billiton 2.7 News Corporation 1.4
Slide 11: Major Purchases Since June
Major Purchases Since 30 June 2009 For personal use only Existing Stocks: PrimeAg Australia Amcor Westpac National Australia Bank
Slide 12: Major Purchases Since June (cont.)
Major Purchases Since 30 June 2009 For personal use only con’t. New Stocks : Hastings Diversified Utilities – investor in utility infrastructure assets, primarily gas transmission pipelines in Australia (Epic Energy Holdings) Perpetual – funds management and wealth management provider
Slide 13: Major Sales Since June
Major Sales Since 30 June 2009 For personal use only Diversified United Investment Limited
Slide 14: Total Portfolio Return – % Per Year to Sept.
Total Portfolio Return* – % Per Year to 30 Sept. 2009 For personal use only 25% 19.6% 20% 15.7% 15% 11.9% 10% 8.3% 5% 0% 1 year return return since recapitalisation in January 2004 AMCIL return on capital* S&P/ASX 200 Accumulation Index *measured by return on capital as measured by the change in net
Slide 15: Share Price Relative to Net Asset Backing
09 p- 9 Premium Discount S e g -0 u A -09 l 9 J u -0 n 9 Ju y-0 Share Price Relative to Net Asset Backing a M r-09 p 9 A -0 ar 9 M -0 b NTA (before tax) for 30 September 2009 was 72 cents Fe -09 n 8 Ja c-0 e 8 D v-0 o N -0 8 ct 8 O p-0 8 S e -0 ug A -08 l 8 J u -0 n 8 Ju y-0 a M r-08 p 8 A -0 ar 8 M
Slide 16: Outlook
Outlook For personal use only We have selectively tried to capture value through this turbulent period primarily from participation in capital raisings. Markets have improved dramatically since their lows with valuations now more in line with long term averages Companies that survived are generally
Slide 17: Shareholder Presentation
For personal use only Shareholder Presentation