Plato Income Maximiser Ltd. · ASX:PL8
Plato Income Maximiser — FY2025 Earnings Presentation
26 slides from Plato Income Maximiser's earnings presentation, Aug 29, 2025
Slide 1: Shareholder webinar reminder and presentation on full year results
Plato Income Maximiser Limited Level 25 Australia Square Tower 264 George Street Sydney NSW 2000 T: 1300 010 311 E: invest@plato.com.au ACN 616 746 215 29 August 2025 By Electronic Lodgement Market Announcements Office ASX Ltd 20 Bridge Street SYDNEY NSW 2000 For personal use only Dear Sir/Madam Sha
Slide 2: Company Full-Year FY25 Results
COMPANY FULL-YEAR FY25 RESULTS PLATO INCOME MAXIMISER LIMITED ASX: PL8 For personal use only 1
Slide 3: Disclaimer
Disclaimer Note: Past performance is not a reliable indicator of future performance. This communication has been prepared by Plato Income Maximiser Limited ABN 63 616 746 215 (PL8). Nothing contained in this communication constitutes investment, legal, business, taxation or other advice. This commun
Slide 4: Agenda
Agenda 01 PL8 Company Update For personal use only 02 Market update 03 Questions 3
Slide 5: PL8
For personal use only 4 PL8 Company Update
Slide 6: FY25 results highlights
FY25 results highlights CONTINUING TO DELIVER ON COMPANY OBJECTIVES For personal use only • FY25 operating profit after tax of $83.6 million (+$17.7 million to FY24) • Total dividends of $0.066 per share, equivalent to annualised distributed yield of 7.5%1,4, , +3.0% compared to benchmark of 4.5% (a
Slide 7: PL8 NTA performance breakdown for FY25
PL8 NTA performance breakdown for FY25 PRE-TAX NTA PER PL8 SHARE* For personal use only Source: Plato. *Excludes franking credits. Portfolio performance is net of management fees. 6
Slide 8: PL8 investment portfolio performance
PL8 investment portfolio performance PERFORMANCE AS AT 30 JUNE 2025 AFTER FEES AND COSTS For personal use only PORTFOLIO PERFORMANCE1 3 MTHS 1 YR P.A. INCEPT. P.A. Total return2 9.5% 15.5% 10.3% Income3 1.8% 7.5% 7.6% Benchmark total return2 9.7% 15.1% 10.2% Excess total return2 -0.2% 0.4% 0.1% Exce
Slide 9: PL8 delivering high income month realised yield
PL8 delivering high income 12 month realised yield* 8.0% For personal use only 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% S&P/ASX 200 PL8 CASH 3.4 5.2 FRANKING 1.1 2.2 *to 31 July 2025, Plato, Bloomberg 8
Slide 10: PL8 portfolio outperforming the Benchmark over full investment cycle
PL8 portfolio outperforming the Benchmark over full investment cycle Plato Aust. Shares Income Fund v S&P/ ASX200 Accumulation Series (incl. Franking Credits) $500,000 $450,000 For personal use only $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Sep-11 Sep-12 Sep-13 Sep-14
Slide 11: Delivering consistent monthly income
Delivering consistent monthly income MONTHLY DIVIDENDS STEADY AT HIGHER LEVEL OF $0.0055 PER SHARE For personal use only Source: Plato. While monthly income has been consistent since October 2017, this may change in the future. The declaration of dividends by the company is at the full discretion of
Slide 12: Share price at a premium to NTA
Share price at a premium to NTA PL8 PRICE VERSUS PRE-TAX NTA SINCE LISTING For personal use only Source: Plato, IRESS. Past performance is illustrative only and not indicative of future performance. 11
Slide 13: Market Update
For personal use only 12 Market Update
Slide 14: Retirees are different
Retirees are different • Retirees are different to accumulators • They need to live off the income from their investments: For personal use only • Investment income replaces regular salary • They are taxed differently: • The first $2m in pension phase superannuation is tax free whereas accumulation
Slide 15: Pension phase super tax rates are different
Pension phase super tax rates are different (what about that super cap?) $1.60 For personal use only $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $- Pension/Tax Exempt (0%) Super (15%) Super (30%) Individual (39%)# Top Individual (47%)* Fully Franked Dividend Long Term Capital Gain Short Term Capital G
Slide 16: Results season August 2025 - Dividends
Results season August 2025 - Dividends DIVIDENDS FALLING IN RESOURCES BUT POSITIVE ELSEWHERE • Over $34bn in dividends have been declared. AUG 2025 CHANGE IN DIVIDENDS PCP • New dividends from Regis and Gusman and Gomez. For personal use only Average Median $ Value • Special dividends: Nine Entertai
Slide 17: Reporting Season Analysis: CBA
Reporting Season Analysis CBA For personal use only • In-line result, FY25 Cash NPAT of $10,252m, up 4% from PCP. • Final Dividend 260c vs 250c last year, up 4%. Equates to 4.1% annual gross yield. • Payout Ratio 79% of 1H FY25 Earnings, upper end of 70-80% target. • Net Interest Margin unchanged at
Slide 18: Reporting Season Analysis: CBA
Reporting Season Analysis CBA For personal use only Source: CBA 17 *Companies mentioned on this slide are illustrative only and not a recommendation to buy or sell any particular security
Slide 19: Reporting Season Analysis: JB Hi-Fi
Reporting Season Analysis JB HI-FI For personal use only • 1H FY25 sales up 10.0%, EPS up 5.4%, marginally above expectations. Driven by higher sales in all divisions. • Final Dividend 105c + 100c Special Dividend vs 103c +80c last year (up 12%). Equates to 4.6% annual gross yield (incl. special). 6
Slide 20: Reporting Season Analysis: Telstra
Reporting Season Analysis telstra store - telstra stock pictures, royalty-free photos images TELSTRA For personal use only • Good result, FY25 NPAT of $2,343m up 31% from PCP as expenses fell 6%. • Final Dividend 9.5c vs 9.0c pcp (up 5.6%). Equates to 5.6% annual gross yield. EPS was 18.9cps so now
Slide 21: Reporting Season Analysis: Insurers
Reporting Season Analysis INSURERS For personal use only • FY25 Cash earnings* of $1486m, up 8.3% and 4% • Adj. 1H25 Net Profit of $997m, up 28% on last year above expectations due to benign period for natural as premiums were up 6%. hazards ($205m less than allowance). • Final dividend 31c up 29% o
Slide 22: Reporting Season Analysis: BHP Group
Reporting Season Analysis BHP GROUP For personal use only • FY25Underlying NPAT of US$10.2b down 26% vs pcp, copper outperformed, iron ore disappointed. • Dividend declared was US60c, 19% lower than last year, but 20% higher than interim dividend, which equates to an annual gross dividend yield of 5
Slide 23: Top dividend traps
TOP DIVIDEND TRAPS BE CAREFUL LOOKING AT HISTORICAL YIELD HIST. ANNUAL DIVIDEND STOCK YIELD % (30 JUN CUT For personal use only • Dividend Cuts: 2025) – Accent 67% – Aurizon 11% 10.2% 67% – Whitehaven 54% 6.8% 11% 5.8% 54% Source: Plato *Companies mentioned on this slide are illustrative only and no
Slide 24: Dividend outlook within normal range
Dividend outlook within normal range AVERAGE % CHANCE OF DIVIDEND CUTS FOR AUSTRALIAN MARKET Div Cut Probability - Australia Dec 2001 - Aug 2025 For personal use only 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 01/02 07/03 01/05 07/06 01/08 07/09 01/11 07/12 01/14 07/15 01/17 07/18 01/20 07/21 01/23 0
Slide 25: The income summary – Cautiously Optimistic
The income summary – Cautiously Optimistic For personal use only Caution: Tariffs are impacting global trade and confidence but impacts on Australia are relatively small Optimism: Dividends have fallen but are still strong Active fund management critical in delivering income, total return & avoiding
Slide 26: Thank you - Questions
For personal use only 25 THANK YOU Questions
Plato Income Maximiser — FY2025 Earnings Presentation on 6ix