Whitefield Industrials Limited · ASX:WHF
Whitefield Industrials — Shareholder Meeting (August 2025)
17 slides from Whitefield Industrials's shareholder meeting presentation, Aug 19, 2025
Slide 1: 2025 Annual General Meeting
For personal use only 2025 ANNUAL GENERAL MEETING 102 Year nd
Slide 2: Important Information
_Important Information General, Limited Commentary: This document contains information about Whitefield and the markets in which it operates. The document is limited in scope and accordingly may not contain all the information necessary for an investor to make an investment decision. It is not a per
Slide 3: Introduction
Introduction For personal use only Angus Gluskie Lance Jenkins Mark Beardow Chairman Director Director Jenelle Webster Will Seddon Stuart Madeley Director Director Co. Secretary 3
Slide 4: Australia's longest operating ASX listed investment company
Experience For over 100 years Whitefield has provided Australian investors with an avenue for efficient wealth creation. Efficiency For personal use only Founded in 1923, Whitefield Industrials is Australia’s longest operating ASX listed investment company Innovation Our longevity is testament to ou
Slide 5: Financial Year Results
_2025 Financial Year Results For personal use only 5
Slide 6: Results: Earnings
_2025 Results: Earnings Angus Gluskie Chairman 20 For personal use only 18 _Strong EPS growth 16 • +10% NPAT to $22.4m 14 12 • +10% EPS to 18.7 cents Cents 10 8 6 4 2 0 EPS 10Yr Moving Avg 6
Slide 7: Results: Dividends
_2025 Results: Dividends Angus Gluskie Chairman 21 For personal use only 18 _Dividends 15 • 10.5 cents HY Sep 24 12 Cents • 10.5 cents FY Mar 25 9 6 • All fully franked at 30% 3 0 DPS 10Yr Moving Avg 7
Slide 8: Year End: Price and Asset Backing
_2025 Year End: Price and Asset Backing Angus Gluskie Chairman For personal use only _Asset backing growth over the short and long terms has been exceptional • WHF’s asset backing is today roughly 60 times higher than its equivalent in 1970 8
Slide 9: Year End: Price and Asset Backing
_2025 Year End: Price and Asset Backing Angus Gluskie Chairman For personal use only _The WHF share price, however is lagging the rally in net asset backing • This has created an opportunity for interested buyers of WHF shares to obtain exposure to a portfolio of Australian shares well below their m
Slide 10: Results: Investment Performance
_2025 Results: Investment Performance Will Seddon Director Returns to 31 Mar 2025 1 Yr 3 Yr pa 7 Yr pa 40 Yr pa For personal use only Portfolio Returns (Before tax, costs, leverage and other company level actions) Whitefield Portfolio 7.45% 7.78% 8.42% 10.85% Benchmark Index* 6.72% 7.60% 8.43% 10.27
Slide 11: Results: Investment Performance
_2025 Results: Investment Performance Will Seddon Director Whitefield Industrials Ltd INVESTMENT RETURNS TO MAR 2025 (Before costs, tax and franking credits) For personal use only _Strength of return came from technology, 10% healthcare, industrial and financial sectors • Notable contributors includ
Slide 12: Results: Investment Exposures
_2025 Results: Investment Exposures Will Seddon Director For personal use only 12
Slide 13: Trump 2.0 accelerates a global trend towards interventionism
_Trump 2.0 accelerates a global trend towards interventionism and away from drivers of Will Seddon Director disinflation, which may be positive for markets. For personal use only Global economic growth rates have These conditions have also been Periods of rising global tariff rates been higher durin
Slide 14: Changes triggered by the Trump agenda may benefit Australia
_Changes triggered by the Trump agenda and approach may benefit the Australian economy Will Seddon Director and equity market in various ways. For personal use only Low US tariffs on Australian goods Low Australian tariffs may ease Trump’s approach improves create export opportunities for tightness
Slide 15: WHF's portfolio positioned for more benign conditions
_WHF’s portfolio is positioned for more benign economic conditions in Australia than over recent Will Seddon Director years. For personal use only KEY OVERWEIGHTS KEY UNDERWEIGHTS Heavy Industry: MND; VNT; GWA. General Industry: WES; AZJ; ALQ. Insurance: QBE; MPL; IAG. Real Estate: SGP; MGR; LLC. Di
Slide 16: A final thought: Australian shares
_A final thought: Australian shares Angus Gluskie Chairman The purpose of an Australian share investment in a wealth For personal use only accumulation strategy: Ownership of businesses representing a large percentage of the Australian domestic economy Profit growth driven by population growth,
Slide 17: For personal use only
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