Argo Global Listed Infrastructure Ltd. · ASX:ALI
Argo Global Listed Infrastructure — Shareholder Meeting (October 2023)
26 slides from Argo Global Listed Infrastructure's shareholder meeting presentation, Oct 23, 2023
Slide 1: Annual General Meeting 2023 announcement
23 October 2023 Company Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000 For personal use only Annual General Meeting 2023 Please find attached the Chairman’s Address, Managing Director’s Address and the accompanying presentation slides for today’s Annual General Meeting of Argo Global Lis
Slide 2: Chairman's Address: Financial results
2023 Annual General Meeting Chairman’s Address Delivered by Mr. Russell Higgins AO at the eighth Annual General Meeting of Argo Global Listed Infrastructure Limited (Argo Infrastructure or Company) at the Adelaide Convention Centre on Monday 23 October 2023 at 12.30pm. For personal use only Financia
Slide 3: Investment performance and share price relative to NTA
Investment performance Globally investors have favoured growth-style investments, particularly technology stocks over the last year, and as a result, global listed infrastructure has lagged the strong performance of broader global equities. Over the 12 months to 30 September 2023, Argo Infrastructur
Slide 4: Shareholder survey key findings
We would like to share the key findings of the survey with you today: • 60% of respondents have been Argo Infrastructure shareholders since the Company’s inception in 2015; • More than three quarters have been shareholders for three or more years; • The top three reasons shareholders own Argo Infras
Slide 5: Infrastructure trends and outlook
In addition, the urbanisation of populations in emerging economies will require investment in new projects across the full spectrum of infrastructure subsectors, from water utilities to airports. With just a handful of Australian infrastructure stocks remaining on the ASX, we offer investors broader
Slide 6: Managing Director's Address: Rising rates and the asset class
2023 Annual General Meeting Managing Director’s Address Delivered by Mr. Jason Beddow at the eighth Annual General Meeting of Argo Global Listed Infrastructure Limited (Argo Infrastructure or Company) held at the Adelaide Convention Centre on Monday 23 October 2023 at 12.30pm. Rising rates and the a
Slide 7: Diversification benefits and thank you
This was illustrated in financial year 2022 when the Australian share market fell by -6.5%. In contrast, global listed infrastructure gained +12.3% (in A$ terms) outperforming local shares by +18.3%. We believe global listed infrastructure’s low correlation to the Australian share market is one of t
Slide 8: Annual General Meeting 2023
Annual General Meeting For personal use only 2023
Slide 9: Disclaimer
Disclaimer This presentation has been prepared by Argo Service Company Pty Ltd (ASCO) (ACN 603 367 479) For personal use only (Australian Financial Services Licence 470477), on behalf of Argo Global Listed Infrastructure Limited (ACN 604 986 914). ASCO’s Financial Services Guide is available on requ
Slide 10: Board of Directors
Board of Directors For personal use only Russell Higgins AO Jason Beddow Joycelyn Morton Non-executive Chairman Managing Director Non-executive Director Mark Hall Fiona Hele Non-executive Director Non-executive Director
Slide 11: Portfolio Manager
Portfolio Manager For personal use only Ben Morton BAS, MES Senior Portfolio Manager 5
Slide 12: Our objective
Our objective For personal use only To provide a total return for long-term investors, consisting of capital growth and dividend income, from a global listed infrastructure portfolio which can provide diversification benefits for Australian investors.
Slide 13: 2023 overview
2023 overview For personal use only Net assets Portfolio performance Full year dividends $418m +3.9% 8.5c At 30 June 2023 Fully franked per share $400m at 30 June 2022 Year ended 30 June 2023 8.0c in 2022 Fully franked dividends Total dividends Shareholders 11 48.75c 9,338 Consecutive fully franked
Slide 14: Annual dividends
Annual dividends cents per share For personal use only 3.6 3.4 3.4 3.2 2.7 0.9 8.0 8.0 8.5 7.5 6.5 3.5 3.75 3.0 2016 2017 2018 2019 2020 2021 2022 2023 Annual dividends Franking credits 8
Slide 15: Total returns
Total returns For personal use only 13.5% 11.0% 7.1% 6.7% 6.7% 6.7% 7.0% 6.5% 7.2% 5.7% 4.6% 3.3% 3.0% 0.0% 0.1% 1 year 3 years (pa) 5 years (pa) since inception (pa) -10.4% Share price Portfolio (before fees) Benchmark S&P/ASX 200 Accumulation Index Figures above are to 30 September 2023. 9
Slide 16: Shareholder returns $10,000 invested
Shareholder returns $10,000 invested For personal use only $17,000 $16,000 $15,000 $14,000 $13,628 $13,000 $12,731 $12,000 $11,000 $10,350 $10,000 $9,000 $8,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 Share price Plus dividends Plus franking Figures above are to 30 September 2023. 10
Slide 17: Share price relative to NTA
Share price relative to NTA For personal use only 8.0% Premium 4.0% 0.0% -4.0% -8.0% Discount -12.0% -16.0% -20.0% Jul-15 Feb-16 Sep-16 Apr-17 Nov-17 Jun-18 Jan-19 Aug-19 Mar-20 Oct-20 May-21 Dec-21 Jul-22 Feb-23 Sep-23 Figures above are to 30 September 2023. 11
Slide 18: Independent research
Independent research For personal use only ‘Recommended’ ‘Recommended’ 12
Slide 19: Shareholder survey
For personal use only survey Shareholder
Slide 20: Key survey findings
For personal use only Key survey findings Since 84% inception 3+ yrs Would recommend Argo 60% have been shareholders More than three quarters have Infrastructure to other investors since inception been shareholders for 3+ years ‘Excellent’ or Global ‘Very good’ diversification 97% Key findings 70% r
Slide 21: Looking ahead
For personal use only Looking ahead 15
Slide 22: Shareholder benefits
Shareholder benefits For personal use only Global Specialist global fund Access infrastructure diversification manager opportunities Proven investment Enhance risk- Simple global approach adjusted returns investing 16
Slide 23: Interest rate impacts
For personal use only Interest rate impacts
Slide 24: ASX-listed infrastructure relative performance
ASX-listed infrastructure For personal use only 130 Relative performance 30 June 2022 to 30 September 2023 120 S&P/ASX 200 110 Accumulation Index 100 Transurban (ASX: TCL) 90 Argo Infrastructure (ASX: ALI) 80 Atlas Arteria (ASX: ALX) 70 APA Group (ASX: APA) 60 19
Slide 25: Our Portfolio Manager
Our Portfolio Manager For personal use only Ben Morton BAS, MES Senior Portfolio Manager Thuy Quynh Dang BA Portfolio Manager Tyler Rosenlicht BA, MBA Portfolio Manager 20
Slide 26: For personal use only
> ARGO INFRASTRUCTURE
Argo Global Listed Infrastructure — Shareholder Meeting (October 2023) on 6ix