BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — H1 FY2025 Earnings Presentation
23 slides from BKI Investment's earnings presentation, Jan 21, 2025
Slide 1: BKI Investment Company Results Presentation
For personal use only BKI Investment Company Results Presentation For the half year ended 31 December 2024
Slide 2: Disclaimer
Disclaimer For personal use only 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: 2025 Half Year Results
2025 Half Year Results For the half year ended 31 December 2024 For personal use only 1H FY2025 1H FY2024 Movement Result excluding special investment revenue ($m) ($m) (%) Ordinary revenue from Investment Portfolio $32.6 $32.4 1% Total Revenue - Ordinary $35.0 $34.9 0% Operating Result (before tax
Slide 4: 2025 Half Year Dividend
2025 Half Year Dividend For personal use only BKI’s interim ordinary dividend is 3.90 cents per share fully franked, up 1% on last year. Last trading date to be eligible for the dividend is Friday 31 January 2025. Ex-dividend date is Monday 3 February 2025 and will be paid on Friday 28 February 2025
Slide 5: Neutralised Dividend Reinvestment Plan
Neutralised Dividend Reinvestment Plan For personal use only BKI’s Dividend Reinvestment Plan (DRP) has been an effective mechanism enabling shareholders to reinvest their dividends into additional company shares without incurring brokerage fees. However, our traditional DRP has led to unintended co
Slide 6: A History of Strong Dividends
A History of Strong Dividends BKI has a strong history of paying fully franked dividends and offering an attractive yield. For personal use only BKI Dividend History 5.00 2025 Half Year Dividend of 4.00 3.90cps 3.00 up 1% on pcp 2.00 1.00 0.00 Ordinary Dividends per Share Special Dividends per Share
Slide 7: 2025 Half Year Results
2025 Half Year Results Following the record result announced in FY2023, BKI has again delivered a solid Net Operating For personal use only Result during the first half of FY2025. Half Year Net Operating Result Management Expense Ratio (MER) (before special dividends) BKI’s MER was 0.168%, down from
Slide 8: Performance
For personal use only Performance Results Presentation For the half year ended 31 December 2024
Slide 9: Performance – Portfolio Return
Performance – Portfolio Return As at 31 December 2024 For personal use only BKI Portfolio Return 15.0% 12.7% 10.7% 9.2% 10.0% 9.5% 10.0% 9.3% 9.3% 8.5% 8.8% 8.5% 8.5% 8.1% 7.6% 5.3% 5.0% 0.0% 6 Mths 1 Year 3 Yrs pa 5 Yrs pa 10 Yrs pa 15 Yrs pa 20 Yrs pa BKI Portfolio Performance Including Franking C
Slide 10: Performance - Total Shareholder Return (TSR)
Performance - Total Shareholder Return (TSR) As at 31 December 2024 For personal use only Total Shareholder Returns (TSR) 15.0% 12.7% 10.7% 10.0% 9.8% 10.0% 9.3% 8.9% 9.3% 8.5% 7.6% 7.3% 7.4% 6.5% 5.0% 3.9% 1.8% 0.0% 6 Mths 1 Year 3 Yrs pa 5 Yrs pa 10 Yrs pa 15 Yrs pa 20 Yrs pa BKI Total Shareholder
Slide 11: Performance – Cumulative Share Price Returns
Performance – Cumulative Share Price Returns As at 31 December 2024 For personal use only Cumulative Share Price Returns Assuming all dividends were reinvested and using the benefit of franking credits, the cumulative share price of BKI shares was $6.87 per share as at 31 December 2024. $7.50 $7.00
Slide 12: Performance – Dividend Yield
Performance – Dividend Yield BKI has a strong history of paying fully franked dividends and offering an attractive yield. For personal use only BKI Dividend Yield History 9.0% 8.0% 7.0% 6.7% BKI Grossed-up Dividend Yield* 6.0% 5.0% 4.0% 5.0% Term Deposit Cash Rate 3.0% 3.5% Post Tax Cash Rate 2.0% 1
Slide 13: Portfolio Positioning
For personal use only Portfolio Positioning Results Presentation For the half year ended 31 December 2024
Slide 14: Portfolio Movements
Portfolio Movements For the half year ended 31 December 2024 For personal use only Main Purchases Sales Sales Add Reduce Exit 14
Slide 15: Portfolio Performance
Portfolio Performance For personal use only BKI’s Top 10 Investments and 1 Year Total Shareholder Returns* BKI Portfolio Weight BKI Portfolio Weight BKI Portfolio Weight BKI Portfolio Weight BKI Portfolio Weight 1 2 3 4 5 8.8% 7.5% 7.3% 4.7% 4.5% Total Shareholder Return Total Shareholder Return Tot
Slide 16: Portfolio Positioning – Overweight/Underweight
Portfolio Positioning – Overweight/Underweight As at 31 December 2024 For personal use only Overweight Positions Underweight Positions Company Portfolio Active 1 Year Company Portfolio Active 1 Year Weight Weight TSR* Weight Weight TSR* APA Group 4.5% 4.1% -12.5% CSL Limited - (4.9)% -0.4% New Hope
Slide 17: Portfolio Positioning – Top Holdings
Portfolio Positioning – Top 25 As at 31 December 2024 For personal use only Stock % of Total Portfolio Stock % of Total Portfolio 1 Commonwealth Bank 8.8% 14 Woolworths Limited 2.4% 2 BHP Group 7.5% 15 Sonic Healthcare 2.3% 3 National Australia Bank 7.3% 16 Goodman Group Limited 2.2% 4 Macquarie Gro
Slide 18: Portfolio Positioning – Active Weight / Exposure
Portfolio Positioning – Active Weight / Exposure As at 31 December 2024 For personal use only BKI Portfolio: Active Weight by Sector BKI Portfolio: Exposure by Sector Cash 7.4% Health Care, 4.3% Energy 5.0% Real Estate, 5.0% Banks, 16.1% Consumer Discretionary 3.7% Consumer Staples, 5.2% Industrials
Slide 19: Equity Market Overview
For personal use only Equity Market Overview Results Presentation For the half year ended 31 December 2024
Slide 20: Inflation and Official Cash Rates
Equity Market Overview As at 31 December 2024 For personal use only Inflation and Official Cash Rates Inflation remains the central concern in global economic discussions influencing both policy decisions and market sentiment. Looking ahead it is anticipated that the Australian official RBA cash rat
Slide 21: Federal Elections – New Leaders, New Policies
Equity Market Overview As at 31 December 2024 For personal use only Federal Elections – New Leaders, New Policies Over 60 countries held elections in 2024. Traditionally, monetary policy tends to ease during election cycles, however, the outcomes of the 2024 elections are poised to reshape the globa
Slide 22: Two Speed Economy
Equity Market Overview As at 31 December 2024 For personal use only Two Speed Economy Australia’s economic landscape is growing increasingly polarised. Elevated borrowing costs and stagnating wages are deepening the divide between those who are financially resilient and those struggling under the we
Slide 23: BKI Investment Company contact details
For personal use only BKI Investment Company info@bkilimited.com.au +61 2 7251 6242 Suite 302, Level 3, 1 Castlereagh Street, Sydney NSW
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