Djerriwarrh Investments Limited · ASX:DJW
Djerriwarrh Investments — FY2026 Earnings Presentation
25 slides from Djerriwarrh Investments's earnings presentation, Jul 29, 2026
Slide 1: Invitation to Full Year Results Webcast Presentation
29 July 2026 The Manager ASX Market Announcements ASX Limited Level 27, 39 Martin Place, Sydney NSW 2000 For personal use only Electronic Lodgement Djerriwarrh Investments Limited (the “Company”) Invitation to Full Year Results Webcast Presentation Please find attached the presentation to be given a
Slide 2: Full Year Results Financial Year 2026
For personal use only Full Year Results Financial Year 2026
Slide 3: Disclaimer
Disclaimer For personal use only Djerriwarrh Investments Limited, its related entity (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
Slide 4: Agenda
Agenda For personal use only Overview and Objectives Alison Gibson Financial Year in Summary Andrew Porter Results in Detail Brett McNeill Portfolio Update Olga Kosciuczyk and Brett McNeill Outlook Brett McNeill Full Year Results – July 2026 3
Slide 5: Overview and Objectives
For personal use only Overview and Objectives Full Year Results – July 2026
Slide 6: Overview
Overview For personal use only Djerriwarrh is one of the largest income focused Listed Investment Companies (LIC). Djerriwarrh was established in 1989 and listed on the ASX in 1995. Shareholders get the benefit of full transparency associated with being an LIC, as well as the high governance standar
Slide 7: Investment Objectives
Investment Objectives For personal use only Djerriwarrh primarily seeks to provide an enhanced level of Djerriwarrh also aims to provide shareholders with attractive fully franked income, that is higher than what is available from investment returns through access to fully franked dividends the S&P/
Slide 8: Financial Year in Summary
For personal use only Financial Year in Summary Full Year Results – July 2026
Slide 9: Financial Year in Summary
Financial Year in Summary For personal use only *Assumes a shareholder can take full advantage of the franking credits. Full Year Results – July 2026 8
Slide 10: Share Price Relative to Net Tangible Assets (NTA)
Share Price Relative to Net Tangible Assets (NTA) For personal use only As at 30 June 2026 NTA: $3.22 Share price: $2.82 Discount: 12.3% Full Year Results – July 2026 9
Slide 11: Results in Detail
For personal use only Results in Detail Full Year Results – July 2026
Slide 12: Net Operating Profit
Net Operating Profit For personal use only FY25 ($m) FY26 ($m) Change Dividend and Distribution income $34.7 $35.0 1% Option income $16.7 $18.6 11% Operating income (including other income) $53.1 $54.6 3% Finance costs $2.0 $2.9 45% Administration costs $4.3 $3.7 -12% Operating result before tax exp
Slide 13: Dividend Income
Dividend Income For personal use only FY25 ($m) FY26 ($m) Change Dividend and Distribution Income $34.7 $35.0 1% Djerriwarrh’s Dividend and Distribution Income Djerriwarrh’s Dividend and Distribution Income Received ($m) Received – Yield vs Market Dividend Yield Source: ASX Dividend Yield from FactS
Slide 14: Option Income
Option Income For personal use only FY25 ($m) FY26 ($m) Change Option Income $16.7 $18.6 11% Djerriwarrh’s Option Income Received ($m) Djerriwarrh’s Option Income Yield Full Year Results – July 2026 13
Slide 15: Portfolio Update
For personal use only Portfolio Update Full Year Results – July 2026
Slide 16: Key Drivers of Portfolio Performance
Key Drivers of Portfolio Performance In FY26 our portfolio underperformed the S&P/ASX200 Index by 4.4 per cent. The key contributors to our performance, For personal use only along with their 12-month total return, include: Positive Contributors Negative Contributors Large Companies Owned: Large Com
Slide 17: Recent Option Activity
Recent Option Activity Options are written against selected portfolio holdings in order to generate additional income. The options strategy For personal use only is a key component of Djerriwarrh’s Enhanced Yield objective. S&P/ASX 200 Price Index Portfolio call option coverage Significant call opti
Slide 18: Recent Portfolio Activity
Recent Portfolio Activity For personal use only Option Exercises Additions to Existing Holdings Complete Disposals New Additions to the Portfolio Based on major transactions for the 12 months to 30 June 2026. Full Year Results – July 2026 17
Slide 19: Portfolio Summary
Portfolio Summary Constructing a diversified portfolio of high-quality companies across different sectors and with the appropriate balance For personal use only of Income and Growth is key for Djerriwarrh to deliver on its Investment Objectives in a variety of market conditions. Key Portfolio Statis
Slide 20: Outlook
For personal use only Outlook Full Year Results – July 2026
Slide 21: Outlook
Outlook Markets 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 Australia
Slide 22: Appendices
For personal use only Appendices Full Year Results – July 2026
Slide 23: Year History – Key Financial Metrics
5 Year History – Key Financial Metrics For personal use only FY22 FY23 FY24 FY25 FY26 Dividend income $m $30.7 $35.6 $36.3 $34.7 $35.0 Option income $m $12.5 $14.8 $16.6 $16.7 $18.6 Net profit after tax $m $44.5 $39.1 $39.0 $39.2 $41.0 Net operating result $m $40.4 $39.0 $40.3 $40.8 $41.4 Operating
Slide 24: Year History – Key Portfolio and Performance Metrics
5 Year History – Key Portfolio and Performance Metrics For personal use only FY22 FY23 FY24 FY25 FY26 DJW Dividend Yield 6.7% 6.8% 6.5% 6.5% 7.0% Benchmark Dividend Yield 5.1% 5.6% 4.7% 4.2% 4.1% DJW Enhanced Yield 1.6% 1.2% 1.8% 2.3% 2.9% DJW Portfolio Total Return -6.5% 14.2% 13.6% 7.8% 2.8% Bench
Slide 25: For personal use only
erriwarrh RALIAN EQUITIES, ENHANCED YIELD
Djerriwarrh Investments — FY2026 Earnings Presentation on 6ix