AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (March 2021)
24 slides from AMCIL's investor presentation, Mar 23, 2021
Slide 1: ASX cover letter: Shareholder Telephone / Webcast Presentation
23 March 2021 For personal use only The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited Shareholder Telephone / Webcast Presentation Please find attached the presentation to be used in the sha
Slide 2: Shareholder Presentation March 2021
For personal use only Shareholder Presentation March 2021
Slide 3: Disclaimer
Disclaimer For personal use only AMCIL Limited and 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 faith. However, no warranty (expre
Slide 4: Our Approach
For personal use only Our Approach Annual General Shareholder Meeting March Presentation 2019 2021 3
Slide 5: AMCIL – Our Purpose and Approach
AMCIL – Our Purpose and Approach For personal use only Purpose To deliver returns from Australian and New Zealand equities which exceed the market over the medium to long term through strong capital growth and the generation of fully franked dividends. Approach High Quality Above Focused Both Larger
Slide 6: AMCIL's Investment Approach – focus on investing in quality companies
AMCIL’s Investment Approach – focus on investing in quality companies that can grow over the long term High Quality companies: For personal use only Have a leadership position (or developing one) in their industry Have a sustainable competitive advantage and/or unique assets Reinvest to defend
Slide 7: Financial Results
For personal use only Financial Results Annual General Shareholder Meeting March Presentation 2019 2021 6
Slide 8: Six months to December 2020
Six months to 31 December 2020 For personal use only *Assumes an investor can take full advantage of the franking credits Annual General Shareholder Meeting March Presentation 2019 2021 7
Slide 9: Market Conditions and Portfolio Performance
For personal use only Market Conditions and Portfolio Performance Annual General Shareholder Meeting March Presentation 2019 2021 8
Slide 10: COVID19 uncertainty provided some long term opportunities
COVID19 uncertainty provided some long term opportunities For personal use only S&P/ASX 200 Price Index Annual General Shareholder Meeting March Presentation 2019 2021 9
Slide 11: Focusing on Quality Stocks - Portfolio Performance to February 2021
Focusing on Quality Stocks - Portfolio Performance to 28 February 2021 For personal use only Annual General Shareholder Meeting March Presentation 2019 2021 10
Slide 12: Some of the portfolio's larger positions have performed strongly
Some of the portfolio’s larger positions have performed strongly, although the recent rotation in the market has seen a small pull-back in these stocks – we remain confident in these holdings For personal use only 12 month return to 31/1/2021 Average return 1/2/2021 to 5/3/2021 60% to 110% -7% 40% t
Slide 13: A spread of high quality businesses across different sectors
A spread of high quality businesses across different sectors helps us remain long term in our focus For personal use only AMCIL ASX200 Portfolio Weight by Sectors Annual General Shareholder Meeting March Presentation 2019 2021 12
Slide 14: Non ASX200 index holdings have delivered consistent contribution
AMCIL’s non ASX200 index holdings have delivered consistent contribution to outperforming the benchmark For personal use only 4.8% 3.4% 2.3% 2.3% 2.5% 1.4% 0.9% -2.7% FY14 FY15 FY16 FY17 FY18 FY19 FY20 1H FY21 Annual General Shareholder Meeting March Presentation 2019 2021 13
Slide 15: Exposure to selected smaller companies is a differentiating feature
Exposure to selected smaller companies is an attractive differentiating feature of AMCIL’s portfolio For personal use only A $1,000 investment in AMCIL has $270 invested in these high quality companies, while a $1,000 investment in the ASX200 index has only $7 exposure. Annual General Shareholder Me
Slide 16: Good exposure to long term global growth opportunities
AMCIL has good exposure to long term global growth opportunities For personal use only Holdings that have successfully grown such that a majority of earnings coming from larger offshore markets 27% of the AMCIL portfolio Holdings that are establishing encouraging positions in larger offshore markets
Slide 17: Exposure to domestically focused businesses with strong market positions
AMCIL has good exposure to more domestically focused businesses with strong market positions For personal use only Retailers Online classifieds 10% of 6% of the AMCIL the AMCIL portfolio portfolio Infrastructure Strongly growing sectors of the economy 8% of 6% of the AMCIL the AMCIL portfolio portfo
Slide 18: Most significant recent stock purchases – July 2020 to February 2021
Most significant recent stock purchases – July 2020 to February 2021 For personal use only Annual General Shareholder Meeting March Presentation 2019 2021 17
Slide 19: Share price to net asset backing per share
Share price to net asset backing per share For personal use only Annual General Shareholder Meeting March Presentation 2019 2021 18
Slide 20: 10-year shareholder return against the S&P/ASX 200 Index
10-year shareholder return (including franking) against the S&P/ASX 200 Index – to 28 February 2021 For personal use only Annual General Shareholder Meeting March Presentation 2019 2021 19
Slide 21: Closing Comments
For personal use only Closing Comments Annual General Shareholder Meeting March Presentation 2019 2021 20
Slide 22: Current market
Current market ASX 200 firms trade at an average forward PE High PE firms trade at an average forward PE For personal use only 18.2x, which is 27% above the 20-yr average 42.3x, which is 77% above the 20-yr average Times Times Source: Goldman Sachs Global Investment Research, FactSet. Source: Goldma
Slide 23: Closing comments
Closing comments AMCIL’s long-term quality focus provides exposure to a portfolio with attractive growth in capital For personal use only across a broad range of market sectors We have a proven capability of finding quality emerging companies to enhance our returns Recent stimulus in response
Slide 24: For personal use only
A/ACIL Ajuo asn peuosied 104