Australian United Investment Co. Ltd. · ASX:AUI
Australian United Investment — Investor Presentation (October 2015)
15 slides from Australian United Investment's investor presentation, Oct 14, 2015
Slide 1: Australian United Investment Company Limited
AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED For personal use only ABN 37 004 268 679 AUI
Slide 2: Disclaimer
DISCLAIMER This document is confidential and strictly for use by the recipient only. This document must not be disseminated to any person other than the recipient. This document has been prepared by Australian United Investment Company Limited ABN 37 004 268 679 (AUI) and contains general informat
Slide 3: Directors
DIRECTORS CHARLES GOODE AC, B.Com (Hons) (Melb), MBA (Columbia), Hon LLD (Melb), Hon LLD (Mon) For personal use only Chairman. Chairman of Diversified United Investment Ltd, The Ian Potter Foundation Ltd and Flagstaff Partners. Formerly Chairman of ANZ Bank, Woodside, inter alia PETER WETHERALL,
Slide 4: Investing in AUI
INVESTING IN AUI Long term focus, low portfolio turnover, experienced management For personal use only Strong record of maintaining and growing fully franked dividends After tax focus for shareholders; closed end structure LIC tax compliant Good long term portfolio performance Very low Managem
Slide 5: Profit and Dividend History
AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED Profit and Dividend History $’000’s For personal use only Excluding Special Dividends 30/6/07 30/6/08 30/6/09 30/6/10 30/6/11 30/6/12 30/6/13 30/6/14 30/6/15 Profit (A.T. before capital gains) - First Half 12,418 14,084 16,361 12,048 15,782 17,012 17,531
Slide 6: Operating Profit $M
OPERATING PROFIT $M Excluding Special Dividends Received For personal use only 45.0 41.9 40.0 39.1 35.0 34.3 32.5 30.0 30.7 25.0 2011 2012 2013 2014 2015
Slide 7: Earnings Per Share (Cents)
EARNINGS PER SHARE (Cents) Excluding Special Dividends Received For personal use only 40.0 Management Expense 38.3 Ratio 35.0 36.1 0.10% 32.2 31.0 30.0 29.4 25.0 20.0 2011 2012 2013 2014 2015
Slide 8: Dividends Paid (Cents Per Share)
For personal use only DIVIDENDS PAID (Cents Per Share) $0.40 Dividend increased every year for the last 22 years, except 2009 when held steady $0.35 34.0 32.0 $0.30 29.5 28.0 $0.25 26.5 $0.20 2011 2012 2013 2014 2015
Slide 9: Net Asset Backing Accumulation
NET ASSET BACKING ACCUMULATION For personal use only 2,500 AUI AUI 2,000 NTA Share Price Index Years % p.a. % p.a. % p.a. 1,500 1 2.0 4.6 5.6 3 14.7 18.7 14.7 5 8.8 8.6 9.5 1,000 10 7.1 7.8 6.9 500 Jun-05 Jun-07 Jun-09 Jun-11 Jun-13 Jun-15 AUI Share Price Accumulation AUI NTA Accumulation S&P/ASX 30
Slide 10: Largest Investments Market Value
LARGEST INVESTMENTS MARKET VALUE at 30 September 2015 CBA For personal use only 9.1% ANZ Bank Other 8.1% 46.9% Westpac 7.4% NAB 7.2% Wesfarmers 5.8% BHP 5.6% RIO DUI 4.9% 5.0%
Slide 11: Share Portfolio by Company Size
SHARE PORTFOLIO BY COMPANY SIZE at 30 September 2015 For personal use only Top 20 Companies 21 to 50 66% Companies 51 to 100 15% Companies 5% Outside 100 Largest Companies 14%
Slide 12: Investment Portfolio Main Sectors
INVESTMENT PORTFOLIO MAIN SECTORS At 30 September 2015 For personal use only Infrastructure & Other Cash & Other Healthcare Transport 2% Deposits 9% 8% 2% Consumer 15% Financials & Resources Insurance 20% 44%
Slide 13: Largest Shareholdings
25 Largest Shareholdings as at 30 September 2015 For personal use only Company Market Value % of Market Value of $’000 Total Investments Commonwealth Bank Ltd 85,446 9.1% Australia New Zealand Banking Group Ltd 76,501 8.1% Westpac Banking Corporation Ltd 69,795 7.4% National Australia Bank Ltd 67,45
Slide 14: 1:8 Renounceable Rights Issue
1:8 Renounceable Rights Issue Announced 12 October 2015 1:8 at $6.50 (Australian and New Zealand holders) For personal use only Raise up to $88.7 million Potter Foundation 42% will subscribe (subject to unforeseen circumstances) New shares not eligible for next interim dividend – 15.5 cents
Slide 15: Australian United Investment Company Limited
AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED For personal use only ABN 37 004 268 679 AUI
Australian United Investment Company — Investor Presentation (October 2015) on 6ix