AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (March 2011)
19 slides from AMCIL's investor presentation, Mar 21, 2011
Slide 1: Shareholder Information Meetings ASX lodgement letter
For personal use only 21 March 2011 The Manager Company Announcements Office Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited Shareholder Information Meetings Dear Sir / Madam Please find attached the presentation to be given
Slide 2: AMCIL Shareholder Meetings March/April 2011
For personal use only AMCIL Shareholder Meetings March/April 2011
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited, their related entities 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 (express or implied) is made as to the accuracy,
Slide 4: AMCIL's Investment Structure – February 2011
AMCIL’s Investment Structure – 28 February 2011 For personal use only Investment portfolio: A$153.4 million 51 companies Trading portfolio of $5.9 million Cash of $6.2 million (SPP raised $7.1 million in December 2010)
Slide 5: All Ordinaries Price Index – A Long Term View
All Ordinaries Price Index – A Long Term View For personal use only Semi Log Scale has been used
Slide 6: Summary of Results
Summary of Results HY10 HY09 For personal use only Key factors: $m $m • Significant increase in Income 4.1 3.4 dividends and distributions Operating Expenses (0.7)* (0.5) • Revenue from deposits down Income Tax (0.1) (0.1) as funds invested Net Operating Profit 3.3 2.8 • Trading Portfolio contributi
Slide 7: Dividend Policy
Dividend Policy For personal use only Maximise the distribution of the franking account balance subject to the level of profit for the year It would not be normal practice to distribute realised capital gains unless franking credits have been generated As has been previous practice no interim divide
Slide 8: The Market Over the Year – All Ordinaries
The Market Over the Year – All Ordinaries Price Index For personal use only 5200 5000 4800 Value 4600 4400 4200 4000 0 0 10 0 0 11 11 0 -1 l-1 -1 -1 -1 n- p- b- ct ug ec ov Ju Se Ja Fe O D A N Date
Slide 9: Sector Price Returns Over the Period
Sector Price Returns Over the Period 30% For personal use only 25% 20% 15% 10% 5% 0% -5% 0 -11 - 10 0 0 - 11 0 -10 0 t -1 g-1 p- 1 v- 1 c- 1 Ju l Jun Jan Feb Oc De Au No Se % ASX300 Industrials % ASX300 Resources % ASX300 Banks
Slide 10: Investment Themes for the Period
Investment Themes for the Period For personal use only Participated in selected placements Added new companies to the portfolio exposed to growing sectors of the economy Increased use of the Trading Portfolio albeit still at relatively small levels
Slide 11: Largest Acquisitions (1/7/10-31/12/10)
For personal use only Largest 5 Acquisitions - (1/7/10-31/12/10) $m iSelect (currently unlisted)* 1.5 Victoria Petroleum (now called Senex Energy) 1.5 ANZ Banking Group 1.3 Trust Company 0.9 Amalgamated Holdings* 0.8 * New holdings.
Slide 12: Largest Disposals (1/7/10-31/12/10)
Largest 5 Disposals - (1/7/10-31/12/10) For personal use only $m Mitchell Communications 4.3 PrimeAg Australia 0.7
Slide 13: Major Purchases Since January 2011
Major Purchases Since 1 January 2011 For personal use only Engenco* Boral Lycopodium* Atlas Iron* Blackmores Orocobre * New holdings.
Slide 14: AMCIL Top Holdings – February 2011
AMCIL Top 20 Holdings – 28 February 2011 For personal use only $ ’000 1 Commonwealth Bank of Australia 9,366 2 BHP Billiton 9,222 3 Hastings Diversified Utilities Fund 9,104 4 Westpac Banking Corporation 8,637 5 National Australia Bank 6,894 6 Transurban Group 6,589 7 Bradken 5,768 8 * Australia & N
Slide 15: AMCIL Top Holdings – February 2011 con't
AMCIL Top 20 Holdings – 28 February 2011 con’t. For personal use only $ ’000 13 Peet 4,363 14 Australian Infrastructure Fund 4,310 15 Oil Search 4,251 16 Coca-Cola Amatil 4,148 17 Amcor 3,919 18 REA Group 3,908 19 Brambles 3,900 20 ASG Group 3,714 113,787 As % of Total Portfolio excluding cash 71.4%
Slide 16: Total Portfolio Return – % Per Year to February 2011
Total Portfolio Return* – % Per Year to 28 February 2011 For personal use only 16% 14.0% 14% 12.2%12.0% 12.4% 12% 10.9% 10.1% 10% 8.7% 8% 6% 4.0% 4% 2% 0% 6 month return 1 year return 5 year return return since recapitalisation in January 2004 AMCIL return on capital* S&P/ASX 200 Accumulation Index
Slide 17: Share Price Relative to Net Asset Backing
Share Price Relative to Net Asset Backing 15% 90.0 For personal use only Premium/ Share Price Discount (cents) 85.0 10% 80.0 75.0 5% 70.0 0% 65.0 60.0 -5% 55.0 50.0 -10% 45.0 -15% 40.0 07 07 7 08 08 8 09 09 9 10 10 0 11 t-0 t-0 t-0 t-1 b- n- b- n- b- n- b- n- b- Oc Oc Oc Oc Ju Ju Ju Ju Fe Fe Fe Fe F
Slide 18: Outlook
Outlook For personal use only Ongoing development in Asia remains the key driver for domestic growth Market has recently become more cautious: Geopolitical events Rising input costs Policy developments in Australia Overhang of excess government debt in most developed economies AMCIL has cash to take
Slide 19: AMCIL Shareholder Meetings March/April 2011
For personal use only AMCIL Shareholder Meetings March/April 2011