BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — H1 FY2022 Earnings Presentation
21 slides from BKI Investment's earnings presentation, Jan 19, 2022
Slide 1: BKI Investment Company Limited Half Year Results
For personal use only BKI Investment Company Limited Results for the half year ended 31 December 2021 BKI is managed by Contact Asset Management AFSL 494045
Slide 2: Disclaimer
Disclaimer For personal use only This material has been prepared by Contact Asset Management on behalf of BKI Investment Company Limited. The information within this document is not intended to provide advice to investors or take into account an individual’s financial circumstances or investment obj
Slide 3: Half Year FY2022 Results
Half Year FY2022 Results For the half year ended 31 December 2021 For personal use only Result excluding special investment revenue 1H 2022 1H 2021 Movement Investment revenue – ordinary $31.5m $16.6m 90% Revenue from operating activities $32.2m $16.2m 99% Net operating profit after tax $29.5m $14.5
Slide 4: 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 5: Interim Dividends and Key Dates
Interim Dividends and Key Dates The BKI Board today declared an interim ordinary dividend of 3.50cps, up 75% on last year. For personal use only The Board has also announced a 0.50cps special dividend. Last trading date to be eligible for the BKI dividends is Thursday 10 February 2022. Key Dates Las
Slide 6: Dividend History
Dividend History The current BKI grossed-up dividend yield is 6.0%, based on the 3.00cps FY2021 final dividend and For personal use only today’s 3.50cps FY2022 interim dividend and 0.50cps special dividend, a tax rate of 30% and the share price of $1.67 as at 31 December 2021. 5.00 4.00 Cents per sh
Slide 7: Competitive Management Fee and MER
Competitive Management Fee and MER Higher fees don’t automatically translate into better returns. BKI has an investor focused approach and For personal use only we know that small fees have positive impacts on investor returns. BKI offers a very competitive fee structure, with a Management Fee of 0.
Slide 8: Rating and Research Update
Rating and Research Update For personal use only The Self Managed Super Fund Awards for 2021 were held in July. It was pleasing to see BKI recognised as a Finalist in the Listed Investment Company Advisor Choice category. Lonsec Research completed their product review with BKI maintaining its Recomm
Slide 9: Performance
For personal use only BKI Investment Company Limited Performance BKI is managed by Contact Asset Management AFSL 494045
Slide 10: Cumulative Share Price Returns
Cumulative Share Price Returns As at 31 December 2021 For personal use only Assuming all dividends were reinvested and using the benefit of franking credits, the cumulative share price of BKI shares is currently $5.33 per share as at 31 December 2021. $6.00 $5.50 $5.33 $5.00 $4.50 $4.00 $3.50 $3.00
Slide 11: Total Shareholder Return
Total Shareholder Return As at 31 December 2021 For personal use only BKI’s Total Shareholder Return was 13.0% for the year to 31 December 2021. BKI’s Total Shareholder Return including franking credits for the year was 14.6%. 20.0% 14.6% 15.0% 10.4% 10.8% 10.0% 7.3% 7.6% 5.0% 0.0% 1 Year 3 Yrs pa 5
Slide 12: Total Portfolio Returns
Total Portfolio Returns As at 31 December 2021 For personal use only BKI’s Net Portfolio Return* for the 6 months to 31 December 2021 was 6.3%. This compared to the S&P/ASX 300 Accumulation Index that returned 4.0%. BKI’s Net Portfolio Return* for the year to 31 December 2021 was 19.2%. This compare
Slide 13: Premium/Discount to NTA
Premium/Discount to NTA As at 31 December 2021 For personal use only BKI’s Pre-Tax Net Tangible Assets as at 31 December 2021 was $1.78, up from $1.54 last year. $1.90 $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 % Pre Tax NTA B
Slide 14: BKI Portfolio Discussion
For personal use only BKI Investment Company Limited BKI Portfolio Discussion BKI is managed by Contact Asset Management AFSL 494045
Slide 15: Portfolio Positioning - Exposure by Sector
Portfolio Positioning - Exposure by Sector As at 31 December 2021 For personal use only Real Estate, 2% Energy, 4% Cash, 5% Financials, 17% Telecommunication Services, 5% Industrials, 6% Utilities, 7% Consumer Discretionary, 15% Consumer Staples, 7% Banks, 12% Health Care, 9% Materials, 11% Source:
Slide 16: Portfolio Positioning - Active Weight by Sector
Portfolio Positioning - Active Weight by Sector As at 31 December 2021 For personal use only Consumer Discretionary 6.5% Financials 5.4% Utilities 5.2% Cash 5.0% Consumer Staples 1.6% Telecommunication Services 1.0% Energy 0.7% Industrials -1.0% Health Care -1.5% Real Estate -4.8% Information Techno
Slide 17: Portfolio Positioning - Active Positions
Portfolio Positioning - Active Positions As at 31 December 2021 For personal use only Overweight Positions Underweight Positions Company Active Weight Company Active Weight Macquarie Group 7.4% CSL Limited (5.6)% APA Group 6.3% Westpac Bank (4.0)% ARB Corporation 3.6% ANZ Banking Group (3.4)% BHP Li
Slide 18: Portfolio Positioning - MSCI ESG Portfolio Exposure
Portfolio Positioning - MSCI ESG Portfolio Exposure A MSCI ESG Rating aims to measure a company's resilience to long-term ESG risks. For personal use only 18 Number of Companies in BKI Investment Portfolio 16 14 12 10 8 6 4 2 0 CCC B BB BBB A AA AAA MSCI ESG Rating* Source: BKI, Contact Asset Manage
Slide 19: Portfolio Positioning - Purchases / Sales
Portfolio Positioning - Purchases / Sales As at 31 December 2021 For personal use only Investments during the first half of FY2022 were made in Aurizon Holdings, Rio Tinto, BHP Group, Fortescue Metals, Harvey Norman Holdings, APA Group, Pendal Group, Suncorp Group and Metcash Limited. BKI accepted t
Slide 20: Top Investments
Top 25 Investments As at 31 December 2021 For personal use only Stock % of Total Portfolio Stock % of Total Portfolio 1 MACQUARIE GROUP 10.2% 14 TPG TELECOM 2.6% 2 BHP GROUP 7.6% 15 RIO TINTO LIMITED 2.2% 3 APA GROUP 6.7% 16 NEW HOPE CORPORATION 2.2% 4 COMMONWEALTH BANK 6.6% 17 AMCOR PLC 2.1% 5 NATI
Slide 21: For more information, please visit www.bkilimited.com.au
For personal use only For more information, please visit www.bkilimited.com.au
BKI Investment Company — H1 FY2022 Earnings Presentation on 6ix