BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — Investor Presentation (March 2013)
16 slides from BKI Investment's investor presentation, Mar 25, 2013
Slide 1: Presentation to Investors March 2013
For personal use only Presentation to Investors March 2013
Slide 2: Disclaimer
For personal use only Disclaimer This material has been prepared by 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 objectives. This is general investment ad
Slide 3: BKI Result Highlights
BKI Result Highlights To 31 December 2012 For personal use only 1H 2013 1H 2012 Growth Ordinary Dividend Income $15.6m $14.3m 8.6% Net Operating Result* $15.4m $14.2m 8.8% Earnings Per Share* 3.56cps 3.33cps 6.9% Ordinary Dividend Per Share 3.25cps 3.20cps 1.2% Special Dividend Per Share 0.50cps - n
Slide 4: Net Operating Result
Net Operating Result use only 16 14 12 For personal 10 $ Millions 8 6 4 2 0 1H 04 1H 05 1H 06 1H 07 1H 08 1H 09 1H 10 1H 11 1H 12 1H 13 4
Slide 5: Dividends Paid
Dividends Paid use only 4.0 3.5 1 0.5 3.0 1 0.5 0.5 For personal 2.5 Cents per Share 2.0 3.25 3.2 3.2 1.5 3 3 3 3 2.75 3 3 2.6 2.7 2.5 2.5 2.5 2.1 2.2 1.0 2 0.5 0.0 Ordinary Dividends Special Dividends 5
Slide 6: Dividends + Franking Credits
Dividends + Franking Credits For personal use only Dividends and Franking Credits received from a $10,000 Investment in 2004 V’s Bank Quarterly Interest. Highlights the opportunity of a fully franked dividend in a falling interest rate environment. 1,000 800 $ Australian Dollars 600 400 200 0 FY
Slide 7: BKI Grossed Up Dividend Yield
BKI Grossed Up Dividend Yield Assumes a tax rate of 30% For personal use only 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% BKI Grossed Up Dividend Yield 90 Day Bank Bill 7
Slide 8: Management Expense Ratio
Management Expense Ratio For personal use only 0.80% 0.69% 0.71% 0.70% 0.56% 0.60% 0.46% 0.46% 0.50% 0.40% 0.31% BKI Internally Managed 0.30% 0.19% 0.18% 0.18% 0.18% 0.20% 0.10% 2004 2005 2006 2007 2008 2009 2010 2011 2012 1H 13 8
Slide 9: BKI Performance
BKI Performance as at 28 February 2013 For personal use only BKI Performance 1 Year 3 Yrs 5 Yrs 7 Yrs 9 Yrs as at 28 February 2013 (pa) (pa) (pa) (pa) S&P/ASX 300 ACC INDEX (XKOAI) 23.4% 7.8% 2.7% 4.9% 9.3% BKI Portfolio Returns are BKI Total Shareholder Returns 34.1% 11.1% 7.8% 6.6% 9.8% measured a
Slide 10: Total Shareholder Returns
Total Shareholder Returns as at 28 February 2013 For personal use only 35.0% 34.1% Total Shareholder Returns exclude the 30.0% benefit of franking credits being passed on from BKI to Shareholders. 25.0% 23.4% 20.0% 15.0% 11.1% 9.8% 9.3% 10.0% 7.8% 7.8% 6.6% 4.9% 5.0% 2.7% 0.0% 1 Year 3 Years (pa) 5
Slide 11: Discount to NTA
Discount to NTA as at 28 February 2013 For personal use only $1.70 30.0% $1.60 $1.50 $1.40 20.0% $1.30 $1.20 10.0% $1.10 $1.00 0.0% $0.90 $0.80 $0.70 -10.0% $0.60 $0.50 -20.0% Prem/Disc % Pre Tax NTA BKI Share Price 11
Slide 12: Share Purchase Plan
Share Purchase Plan Completed October 2012 For personal use only $19.1m raised through the Share Purchase Plan (SPP). SPP shares were issued at $1.29. Trading at $1.47 as at 28 February 2013. SPP shares were entitled to the Fully Franked Interim Dividend of 3.25cps and Fully Franked Special Di
Slide 13: Portfolio Valuation
Portfolio Valuation as at 28 February 2013 use only 700 600 500 For personal $ Millions 400 300 200 100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FEB Investment Portfolio Cash 13
Slide 14: Top 20 Shareholdings
BKI Investment Company Limited Index 1 NAB National Australia Bank 9.3% 5.2% 2 CBA Commonwealth Bank 9.2% 7.9% 3 NHC New Hope Corporation 8.7% 0.0% For personal use only Top 20 Shareholdings 4 WBC Westpac Banking Corp. 7.7% 7.0% As at 28 February 2013 5 BHP BHP Billiton Limited 7.3% 8.8% 6 TLS Telst
Slide 15: Benefits of investing in BKI.ASX
Benefits of investing in BKI.ASX For personal use only Performance - Delivering sound long term returns to shareholders. Low Cost - Management Expense Ratio of 18bps. No Performance Fees. Dividends - Predictable fully franked income stream. Franking Credits - 30% tax rate already paid on div
Slide 16: BKI Fact Sheet
BKI Fact Sheet www.bkilimited.com.au For personal use only ASX Code BKI.ASX Research Coverage Morningstar Listing Date December 2003 IRR Mandate Aust Listed Equities Bell Potter Investment Sectors Diversified Morgan Stanley S&P/ASX 300 Evans and Partners Benchmark Acc Index Baillieu Holst Total Asse
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