Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — Shareholder Meeting (November 2020)
20 slides from Plato Income Maximiser's shareholder meeting presentation, Nov 16, 2020
Slide 1: 2020 Annual General Meeting
2020 ANNUAL GENERAL MEETING For personal use only
Slide 2: Disclaimer
For personal use only Disclaimer
Slide 3: Market Update
For personal use only Market Update
Slide 4: FY 2020: Covid-19 hurts all income
FY 2020: Covid-19 hurts all income For personal use only • • • • •
Slide 5: Cash rates to be lower for even longer
Cash rates to be lower for even longer For personal use only “It is reasonable to expect that an extended period of low interest rates will be required in Australia ...” Philip Lowe, RBA Governor: Monetary Policy Decision 3 September 2019.
Slide 6: Big Aussie income stocks still doing it tough
Big Aussie income stocks still doing it tough! 6 STOCKS ACCOUNT FOR NEARLY HALF OF ALL DIVIDENDS % of Gross Dividend Income 2019 Price Performance 1.3000 1.2000 1.1000 1.0000 A 0.9000 0,8000 0.7000 0.6000 05000 0.4000 - m BHP ™ Commonwealth Bank 3 2 5 8 SEE OE SREE LS m™ Westpac mNAB Feb-20 Apr-2C J
Slide 7: Dividend outlook is starting to improve
Dividend outlook is starting to improve AVERAGE % CHANCE OF DIVIDEND CUTS FOR AUSTRALIAN MARKET Div Cut Probability - MSCI World IMI (AU portion) 2001/12/31 to 2020/08/25 50% 45% 40% 35% 30% 25% 20% 15% 10% S% 0% VSSISSISSASSASSASSASSASSRRSAS an o wo ed a aan am “ cn ae RRR SRRSRSSASRRRARRRRRRRSRRRR
Slide 8: Banks: no longer the dividend cash cows?
Banks NO LONGER THE DIVIDEND CASH COWS? eric Bendigoand Conmonwealth Bark > > pei im Ulfestpac Good result Cash EPS down 27%, Quarterly earnings Cash NPAT down 11% below expectations by 7% below expectations by 5% Final div 98c v 231c No Final Dividend Cancelled deferred (Payout 49.95% Profit) inter
Slide 9: Iron Ore/Diversifieds
Tron Ore/Diversifieds BENEFITING FROM HIGH IRON ORE PRICES & GOOD COST CONTROL RioTinto a Fortescue BHP Underlying EPS down 3% DPS $2.16 up 3% 8%+ gross yield* EPS up 59% EPS 2% above 2019 Dividend $1.00 vs $0.24 Dividend $0.77 down pcp (up 317%) 32% vs pcp 14% gross yield* 6.5% gross yield* Source:
Slide 10: Retailers: reporting season analysis
Retailers REPORTING SEASON ANALYSIS Weavers ial coles NPAT up 8.2% NPAT up 33% NPAT up 71% Final dividend 95c vs Final dividend 90c vs 51c Final dividend 27.5c vs 24c 78c pcp pcp pcp Strong to start FY21 July LFL sales up 44% LFL sales up 10% in first 6 weeks of FY21 souce-Po Some retailers are shin
Slide 11: Good, Bad, Ugly
For personal use only GOOD BAD UGLY
Slide 12: PL8 Investment Strategy
For personal use only PL8 Investment Strategy
Slide 13: Dividend rotation combined with good value
Dividend rotation combined with good value For personal use only
Slide 14: Dividend rotation by sector and stock
For personal use only HIST. ANNUAL YIELD % DIVIDEND STOCK (31 MAR 2020) RECEIVED Tourism / Leisure 8.7% 0% - Crown Casino/Flight Centre Retail - Fashion - Lovisa Financials 15.0% 0% - Westpac, Bendigo Infrastructure - Sydney Airport, Transurban Retail REITS 12.0% 0% - Scentre, Vicinity
Slide 15: PL8 investment portfolio performance
PL8 investment portfolio performance For personal use only
Slide 16: Longer term performance
Longer term performance For personal use only
Slide 17: Longer term performance vs RBA cash rate and ASX 200
For personal use only 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% RBA Cash Rate S&P/ASX 200 Fund
Slide 18: PL8 price has closely tracked NTA
PL8 price has closely tracked NTA For personal use only
Slide 19: Summary
For personal use only 03 01 02 Summary
Slide 20: Thank you for joining us for our AGM
For personal use only Thank you for joining us for our AGM
Plato Income Maximiser — Shareholder Meeting (November 2020) on 6ix