AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2012)
17 slides from AMCIL's shareholder meeting presentation, Oct 10, 2012
Slide 1: AMCIL Limited 2012 Annual General Meeting Presentation
For personal use only 10 October 2012 The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement AMCIL Limited 2012 Annual General Meeting Presentation Dear Sir / Madam Please find attached a presentation that wil
Slide 2: Annual General Meeting October 2012
For personal use only Annual General Meeting October 2012
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: Year in Summary
Year in Summary For personal use only June 2012 Reported Profit ($m) 8.9 +6.6% Net Operating Result ($m) 5.7 -20.2% Dividend Per Share (cents) 2.5 - 1 cent Total Portfolio ($m) 159.8 last year 161.9 MER (%) 0.84 + 0.04 Number of Holdings 40 down 8 Annual General Meeting October 2012
Slide 5: Dividend in line with available franking credits
Dividend in line with available franking credits For personal use only Full year 2012 Full year 2011 Earnings per share* 2.71 cents 3.50 cents Dividends per share 2.5 cents 3.5 cents *Based on net operating result • Participation in BHP Billiton buy-back last year provided a significant increase to
Slide 6: Average discount has narrowed
Average discount has narrowed For personal use only Annual General Meeting October 2012
Slide 7: Portfolio approach has provided strong returns
Portfolio approach has provided strong returns For personal use only *measured by return on capital as measured by the change in net asset backing plus reinvested dividends and adjusting for the additional cash received during the period from the exercise of options Annual General Meeting October 20
Slide 8: Sector performance differed substantially over the period with resources well down
Sector performance differed substantially over the period with resources well down For personal use only Annual General Meeting October 2012
Slide 9: Top Holdings at August 2012 represent 78.0% of the portfolio
Top 20 Holdings at 31 August 2012 represent 78.0% of the portfolio For personal use only Rank Company $ million % of portfolio 1 Hastings Diversified Utilities Fund 11.8 7.2% 2 Commonwealth Bank of Australia 10.1 6.2% 3 Westpac 8.8 5.4% 4 Oil Search 8.8 5.4% 5 Transurban 7.7 4.7% 6 Australian Infras
Slide 10: Top Holdings at August 2012 – con't
Top 20 Holdings at 31 August 2012 represent 87.5% of the portfolio – con’t. For personal use only Rank Company $ million % of portfolio 11 BHP Billiton 6.5 4.0% 12 Senex Energy 5.4 3.3% 13 Coca-Cola Amatil 5.0 3.1% 14 AMP 4.9 3.0% 15 Brambles 4.5 2.7% 16 Amcor 4.3 2.6% 17 Origin Energy 4.2 2.5% 18 B
Slide 11: Hastings Diversified Utilities Fund
Hastings Diversified Utilities Fund For personal use only • 100% ownership of EPIC Energy • Attractive long term pipeline assets exposed to growth in gas – in particular South West Queensland Pipeline • Currently under a takeover offer from APA Group • Move to internalised management model has not b
Slide 12: Australian Infrastructure Fund
Australian Infrastructure Fund For personal use only • Investor in Australian airports • Exposure to the strongly performing ‘resource’ states of WA and QLD • Announced a proposal to move to an internalised management model – positive impact on share price • More recently received a proposal from th
Slide 13: Oil Search
Oil Search For personal use only • Significant oil and gas resources in PNG • Interest in the proposed world class PNG LNG project • Project is progressing on time and on budget • Further growth prospects through subsequent expansion of LNG capacity • One of the standout presentations during recent
Slide 14: Adjustments since July 2012 - the largest purchases
Adjustments since 1 July 2012 - the largest purchases have been: For personal use only • Oil Search • Santos • Commonwealth Bank • ANZ Bank Annual General Meeting October 2012
Slide 15: Adjustments since July 2012 - the largest sales
Adjustments since 1 July 2012 - the largest sales have been: For personal use only • Origin Energy • Westpac • Senex Energy • PanAust Annual General Meeting October 2012
Slide 16: Outlook
Outlook For personal use only • Markets likely to remain difficult • Global growth weighed down by debt levels in developed countries • Chinese economy appears to be slowing • Patchy business conditions in Australia • Uncertainty likely to provide attractive opportunities for AMCIL’s concentrated po
Slide 17: For personal use only
For personal use only Annual General Meeting October 2012