Australian Foundation Investment Co. Ltd. · ASX:AFI
Australian Foundation Investment — FY2026 Earnings Presentation
24 slides from Australian Foundation Investment's earnings presentation, Jul 27, 2026
Slide 1: Full Yearly Results Webcast Presentation
27 July 2026 The Manager ASX Market Announcements ASX Limited Level 27, 39 Martin Place, Sydney NSW 2000 For personal use only Electronic Lodgement Australian Foundation Investment Company Limited Full Yearly Results Webcast Presentation Please find attached the presentation to be given at the Share
Slide 2: Full Year Results July 2026
For personal use only Full Year Results July 2026
Slide 3: Disclaimer
Disclaimer For personal use only Australian Foundation Investment Company Limited and its subsidiary Australian Investment Company Services Limited (AICS) (AFSL 303209), their related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the inf
Slide 4: Agenda
Agenda For personal use only Overview and Investment Objectives Alison Gibson Financial Results Andrew Porter Market and Portfolio Update Brett McNeill and Winston Chong Outlook Brett McNeill Full Year Results – July 2026 3
Slide 5: Overview and Investment Objectives
For personal use only Overview and Investment Objectives Full Year Results – July 2026
Slide 6: AFIC – Key Features
AFIC – Key Features For personal use only Predominantly invests in Australian and New Zealand companies Largest listed investment company on the ASX, ~150,000 shareholders, independent Board of Directors Shareholders own the ‘management rights’ to the portfolio Low cost with no additional fees Long
Slide 7: Investment Objective
Investment Objective For personal use only Investment Objectives The Company’s primary investment goals are: • to pay stable to growing ordinary dividends over time; and • to provide attractive total returns over the medium to long term. Full Year Results – July 2026 6
Slide 8: Stable to Growing Ordinary Dividends for Shareholders
Stable to Growing Ordinary Dividends for Shareholders For personal use only Full Year Results – July 2026 7
Slide 9: Outperformed the Market Over the Long-Term
Outperformed the Market Over the Long-Term AFIC Portfolio Total Return compared to S&P/ASX 200 Accumulation For personal use only Index over 25 Years to 30 June 2026 Assumes investors can take full advantage of franking credits. AFIC’s portfolio is calculated after expenses, income tax and tax on re
Slide 10: Financial Results
For personal use only Financial Results Full Year Results – July 2026
Slide 11: Results Summary for Financial Year 2026
Results Summary for Financial Year 2026 For personal use only Full Year Results – July 2026 10
Slide 12: Net Tangible Asset (NTA) Movement for the Year
Net Tangible Asset (NTA) Movement for the Year For personal use only Full Year Results – July 2026 11
Slide 13: Share Price Relative to Net Tangible Assets (NTA)
Share Price Relative to Net Tangible Assets (NTA) For personal use only 30 June 2026 NTA: $7.93 Share price: $7.05 Discount: 11.1% Full Year Results – July 2026 12
Slide 14: Market and Portfolio Update
For personal use only Market and Portfolio Update Full Year Results – July 2026
Slide 15: AFIC Portfolio Performance – Per Annum Returns to June 26
AFIC Portfolio Performance – Per Annum Returns to 30 June 2026 For personal use only Returns assume the full benefit of franking credits. AFIC’s performance figures are after expenses, income tax and tax on realised capital gains. It should be noted that market returns do not include expenses or tax
Slide 16: S&P/ASX Index – 12-month Market and Sector Performance
S&P/ASX 200 Index – 12-month Market and Sector Performance For personal use only Source: FactSet. Returns include dividends but do not include franking. Full Year Results – July 2026 15
Slide 17: Key Drivers of Relative Portfolio Performance
Key Drivers of Relative Portfolio Performance For personal use only Positive Contributors Negative Contributors 68% 32% -51% -26% Total Return Total Return Total Return Total Return 38% -8% -40% -29% Total Return Total Return Total Return Total Return Underweight position in Commonwealth Bank led to
Slide 18: Portfolio Activity
Portfolio Activity For personal use only Additions to Existing Holdings Trimmed Holdings New Additions to the Portfolio Complete Disposals * Based on major transactions for the 12 months to 30 June 2026. Full Year Results – July 2026 17
Slide 19: Portfolio Update: Summary
Portfolio Update: Summary For personal use only Constructing a diversified portfolio of high-quality companies across different sectors and with the appropriate balance of Income and Growth is the key for AFIC to deliver on its Investment Objectives in a variety of market conditions. Key Portfolio S
Slide 20: International Portfolio Update
International Portfolio Update For personal use only The international portfolio within AFIC has generated value for shareholders since inception. However, at this stage we are not considering the listing of a separate fund. In this context we have adjusted our portfolio approach to focus on a small
Slide 21: Outlook
For personal use only Outlook Full Year Results – July 2026
Slide 22: Market Outlook
Market Outlook For personal use only The Australian share market delivered its fourth year in a row of positive returns in FY26, driven by the strong returns of the resources sector. In the context of recent geopolitical conflicts, the Australian economy has proved resilient. However the Australian
Slide 23: AFIC Outlook
AFIC Outlook For personal use only In terms of our dividend income, we believe that the portfolio has a good balance across the key sectors such as resources, banks and consumer staples, which should generate a solid level of fully franked dividend income. We continue to believe that AFIC’s diversif
Slide 24: For personal use only
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