AMCIL Limited · ASX:AMH
AMCIL — FY2023 Earnings Presentation
19 slides from AMCIL's earnings presentation, Aug 1, 2023
Slide 1: Results Webcast Presentation
1 August 2023 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 Results Webcast Presentation Please find attached the presentation to be given at the Shareholder Webcas
Slide 2: Full Year Results
Full Year Results For personal use only August 2023
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: Financial Year in Summary
For personal use only Financial Year in Summary Full Year Results / August 2023 3
Slide 5: Financial Year in Summary
Financial Year in Summary For personal use only * Assumes an investor can take full advantage of the franking credits. # Excludes the non-cash BHP Petroleum/Woodside merger dividend of $2.0 million in 2022. ^ Includes 1 cent interim dividend. Full Year Results / August 2023 4
Slide 6: Share Price Relative to Net Tangible Asset (NTA)
Share Price Relative to Net Tangible Asset (NTA) For personal use only 30 June 2023 NTA: $1.12 Share price: $1.01 Full Year Results / August 2023 5
Slide 7: Portfolio Performance and Activity
For personal use only Portfolio Performance and Activity Full Year Results / August 2023 6
Slide 8: Portfolio Performance – Per Annum Returns to June 2023
Portfolio Performance – Per Annum Returns to 30 June 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. AMCIL on occasions incurs realised capital gains
Slide 9: Drivers of AMCIL's Recent Underperformance
Drivers of AMCIL’s Recent Underperformance For personal use only Our key holdings have recently underperformed the index, which materially impacted our short-term investment returns +835% +517% +373% +329% +328% +162% We have high conviction in the business fundamentals and the long term outlook 10-
Slide 10: Drivers of AMCIL's Recent Underperformance
Drivers of AMCIL’s Recent Underperformance For personal use only As a long term investor, AMCIL’s portfolio is weighted to companies with attractive long term growth prospects. Companies that do not meet our investment criteria were a drag on our performance Cyclical Companies Investment Thesis Did
Slide 11: 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 • Industry leadership position (or developing one) • The presence of these factors drives a competitive advantage • Unique assets that are hard to replicate • Conserv
Slide 12: Our Investment Philosophy in Practice – Recent Transactions
Our Investment Philosophy in Practice – Recent Transactions Took advantage of market concerns in high quality consumer companies For personal use only • Leader in 4x4 accessories • Leader in fibre cement home siding • Leading supplier of plumbing products • No debt • Strong balance sheet • Strong ba
Slide 13: Our Investment Philosophy in Practice – Recent Transactions
Our Investment Philosophy in Practice – Recent Transactions Short-term price dislocations allowed us to add to stalwart companies at attractive valuations For personal use only • Leading health insurance provider • One of four major banks • Leader in laboratory testing • Strong balance sheet • Good
Slide 14: Our Investment Philosophy in Practice – Recent Transactions
Our Investment Philosophy in Practice – Recent Transactions We also initiated positions in growth companies at attractive prices For personal use only • Leading logistics software provider • Leading accounting software • Leading international education • Strong balance sheet • Strong balance sheet s
Slide 15: Portfolio Well Positioned for the Future
Portfolio Well Positioned for the Future For personal use only AMCIL invests in a range of high quality, small and large businesses operating across different sectors and geographies Growth Companies Full Year Results / August 2023 14
Slide 16: Portfolio Well Positioned for the Future
Portfolio Well Positioned for the Future For personal use only AMCIL invests in a range of high quality, small and large businesses operating across different sectors and geographies Stalwart Companies Income Companies Full Year Results / August 2023 15
Slide 17: Outlook
For personal use only Outlook Full Year Results / August 2023 16
Slide 18: Outlook
Outlook For personal use only The outlook for inflation and interest rates globally remains uncertain. US and Australian economies are seeing some signs of a slowdown in economic activity from central bank tightening of monetary policy. Persistently high energy prices, falling consumer demand and sl
Slide 19: For personal use only
For personal use only