AMCIL Limited · ASX:AMH
AMCIL — Investor Presentation (March 2014)
15 slides from AMCIL's investor presentation, Mar 11, 2014
Slide 1: Shareholder Information Meetings – Presentation
11 March 2014 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 Information Meetings – Presentation Dear Sir / Madam Please find attached the presentation b
Slide 2: Shareholder Meeting March 2014
For personal use only SHAREHOLDER MEETING MARCH 2014
Slide 3: Disclaimer
DISCLAIMER For personal use only AMCIL Limited, its related entities 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 (express or implied) is made as to the accuracy, c
Slide 4: Half Year in Summary
HALF YEAR IN SUMMARY For personal use only Dec 2013 Reported profit ($m) 3.7* Down 17.1% Net operating result ($m) 3.7 Up 9.0% Total portfolio ($m) 214.7 Last year 176.1 MER (%) 0.67 Last year 0.83 *Last years figure included $1.1 million of after tax gains in market value of Hastings Diversified Ut
Slide 5: Strong gains across the board with resources recovering from the previous year
STRONG GAINS ACROSS THE BOARD WITH RESOURCES RECOVERING FROM THE PREVIOUS YEAR For personal use only SHAREHOLDER MEETING MARCH 2014
Slide 6: Portfolio has delivered strong returns – per annum returns to 31 January 2014
PORTFOLIO HAS DELIVERED STRONG RETURNS – PER ANNUM RETURNS* TO 31 JANUARY 2014 For personal use only *AMCIL portfolio return is measured by the change in net asset backing plus reinvested dividends and adjusting for the additional cash received though the exercise of options since recapitalisation.
Slide 7: AMCIL is now paying tax on realised gains which generate franking credits
AMCIL IS NOW PAYING TAX ON REALISED GAINS WHICH GENERATE FRANKING CREDITS – PORTFOLIO RETURN INCLUDING FRANKING* TO 31 JANUARY 2014 For personal use only *Assumes an investor can take full advantage of the franking credits. SHAREHOLDER MEETING MARCH 2014
Slide 8: Share price return – per annum returns to January 2014
SHARE PRICE RETURN – PER ANNUM RETURNS TO 31 JANAURY 2014 For personal use only SHAREHOLDER MEETING MARCH 2014
Slide 9: Share price relative to NTA
SHARE PRICE RELATIVE TO NTA For personal use only SHAREHOLDER MEETING MARCH 2014
Slide 10: Recent purchases
RECENT PURCHASES For personal use only Further New to addition to portfolio holding SHAREHOLDER MEETING MARCH 2014
Slide 11: Recent sales
RECENT SALES For personal use only • Tox Free Solutions • Bega Cheese (complete disposal) SHAREHOLDER MEETING MARCH 2014
Slide 12: Top holdings at January 2014 represent 77.2% of the portfolio
TOP 20 HOLDINGS AT 31 JANUARY 2014 REPRESENT 77.2% OF THE PORTFOLIO For personal use only Rank Company $ million % of portfolio 1 Oil Search 14.8 8.0% 2 BHP Billiton 12.5 6.8% 3 National Australia Bank 10.5 5.7% 4 Commonwealth Bank of Australia 9.1 5.0% 5 Santos 9.0 4.9% 6 Brambles 7.7 4.2% 7 Telstr
Slide 13: Top holdings at January 2014 – continued
TOP 20 HOLDINGS AT 31 JANUARY 2014 REPRESENT 77.2% OF THE PORTFOLIO – CONTINUED For personal use only Rank Company $ million % of portfolio 11 Tox Free Solutions 6.7 3.6% 12 QBE Insurance 6.1 3.3% 13 AMP 5.9 3.2% 14 Coca-Cola Amatil 5.1 2.8% 15 Equity Trustees 5.0 2.7% 16 Rio Tinto 4.7 2.5% 17 Amcor
Slide 14: Current thinking
CURRENT THINKING For personal use only • Recent reporting season delivered profit growth primarily through cost efficiencies • Market is currently valuing dividend returns very highly • High cash level reflects our view of current valuations • Looking for opportunities to adjust the portfolio, inclu
Slide 15: For personal use only
For personal use only