BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — Investor Presentation (November 2021)
20 slides from BKI Investment's investor presentation, Nov 30, 2021
Slide 1: ASX and Media Release: BKI Investor Presentation and Trading Update
BKI INVESTMENT COMPANY LIMITED ABN: 23 106 719 868 ASX and Media Release 30 November 2021 For personal use only The Manager Company Announcements Office Australian Stock Exchange Limited Level 6, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 BKI INVESTOR PRESENTATION AND TRADING UPDATE Enclosed i
Slide 2: Investor Presentation November 2021
BKI INVESTMENT COMPANY LIMITED For personal use only Investor Presentation November 2021 BKI is managed by Contact Asset Management AFSL 494045
Slide 3: Investment Process
BKI INVESTMENT COMPANY LIMITED For personal use only Investment Process BKI is managed by Contact Asset Management AFSL 494045
Slide 4: Contact Asset Management
CONTACT ASSET MANAGEMENT Experience, Alignment, Consistency, Sensible, Outcomes Focused For personal use only Tom Millner Will Culbert Jakov Maleš Rob Horne Portfolio Manager Portfolio Manager Senior Investment Analyst Investment Analyst B.Des (Industrial), B.Bus, MCom, B. Com, MBus, CFA MCom, GDipC
Slide 5: Process: Research driven, active management
BKI INVESTMENT PROCESS Research driven, active management For personal use only 4
Slide 6: Process – ESG Enhancement
BKI INVESTMENT PROCESS – ESG Enhancement Contact subscribes to MSCI’s ESG Ratings and Research database. For personal use only 5
Slide 7: Process - ESG Enhancement: MSCI Ratings
BKI INVESTMENT PROCESS - ESG Enhancement A MSCI ESG Rating aims to measure a company's resilience to long-term ESG risks. For personal use only BKI Portfolio Exposure - MSCI Ratings 20 Number of Companies in BKI Portfolio 18 16 14 12 10 8 6 4 2 0 CCC B BB BBB A AA AAA MSCI ESG Rating* Source: BKI, C
Slide 8: Process – Stock Selection
BKI INVESTMENT PROCESS – Stock Selection Contact subscribes to MSCI’s ESG Ratings and Research database. For personal use only 7
Slide 9: Investment Portfolio
BKI INVESTMENT COMPANY LIMITED For personal use only Investment Portfolio BKI is managed by Contact Asset Management AFSL 494045
Slide 10: Investment Portfolio: Buy, New, Reduce, Exit
INVESTMENT PORTFOLIO For the period 1 July 2021 - 31 October 2021 For personal use only Buy New Reduce Exit BHP Group Aurizon Holdings ASX Limited Brambles Limited Fortescue Metals Endeavour Group Commonwealth Bank Platinum Asset Mgt Rio Tinto Limited WH Soul Pattinson Woolworths Limited Magellan Fi
Slide 11: Investment Portfolio: Top Holdings
INVESTMENT PORTFOLIO As at 31 October 2021 For personal use only Stock % of Total Stock % of Total Portfolio Portfolio 1 Macquarie Group 10.4% 14 Telstra Corporation 2.6% 2 Commonwealth Bank 7.3% 15 Woodside Petroleum 2.2% 3 BHP Group 7.1% 16 Amcor PLC 2.1% 4 National Australia Bank 5.8% 17 Rio Tint
Slide 12: Portfolio Positioning - Active Positions
PORTFOLIO POSITIONING - Active Positions As at 31 October 2021 For personal use only BKI Portfolio: Active Weight by Sector BKI Portfolio: Exposure by Sector Consumer Discretionary, 14% Cash 6.3% Consumer Discretionary 6.1% Banks, 13% Financials 5.4% Financials, 17% Utilities 3.6% Telecommunication
Slide 13: Performance
BKI INVESTMENT COMPANY LIMITED For personal use only Performance BKI is managed by Contact Asset Management AFSL 494045
Slide 14: Rating and Research Update
RATING AND RESEARCH UPDATE For personal use only The Self Managed Super Fund Awards for 2021 were held recently. It was pleasing to see BKI recognised as a Finalist in the Listed Investment Company Advisor Choice category. Lonsec Research has completed their product review with BKI maintaining its R
Slide 15: Dividend History
DIVIDEND HISTORY As at 31 October 2021 For personal use only BKI has paid out $1.14 per share, or over $780m in dividends and franking credits to shareholders since listing in 2003. 5.00 4.00 Cents per share 3.00 2.00 1.00 0.00 Ordinary Dividends per Share Special Dividends per Share 14 Source: BKI,
Slide 16: Long Term Performance and Low Cost
LONG TERM PERFORMANCE AND LOW COST For personal use only Management Expense Ratio (MER Since listing in 2003, BKI’s investment strategy has been, and 0.80% will continue to be, focused on research driven, active equities 0.70% management, investing for the long term, in profitable 0.60% companies, w
Slide 17: BKI Performance
BKI PERFORMANCE As at 31 October 2021 For personal use only Improved Short Term Performance BKI’s Total Shareholder Return including 35.0% 29.9% franking credits for the 3 months to 31 30.0% October 2021 was 2.3%. 25.0% 23.9% BKI’s Total Shareholder Return including 20.0% franking credits for the 6
Slide 18: BKI Performance: NTA and Premium/Discount
BKI PERFORMANCE As at 31 October 2021 For personal use only BKI’s Pre-Tax Net Tangible Assets as at 31 October 2021 was $1.68, up from $1.42 a year ago. $1.90 Premium/Discount to NTA $1.80 40% $1.70 $1.60 30% $1.50 $1.40 20% $1.30 $1.20 10% $1.10 $1.00 0% $0.90 $0.80 -10% $0.70 $0.60 -20% Prem/Disc
Slide 19: Ongoing Dividend Improvement
ONGOING DIVIDEND IMPROVEMENT BKI’s Top 10 holdings have delivered increased dividends per share (DPS) year on year. For personal use only Company Name Most Recent DPS In Previous Change in DPS DPS Corresponding Period 1. Macquarie Group $2.72 (I) $1.35 (I) 101% 2. Commonwealth Bank $2.00 (F) $0.98 (
Slide 20: FY2022 Update
FY2022 UPDATE For personal use only Ordinary Investment Revenue As a result of the increase in dividend income seen in the most recent reporting season, BKI expects to receive in excess of $30m in Ordinary Investment Revenue (excluding Special Dividend Income) for the first half on FY2022. This comp
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