BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — Investor Presentation (July 2012)
18 slides from BKI Investment's investor presentation, Jul 24, 2012
Slide 1: Presentation to Shareholders July 2012
For personal use only Presentation to Shareholders July 2012
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, needs or investment objectives. This information is of
Slide 3: BKI Result Highlights
BKI Result Highlights For personal use only FY 2012 FY2011 Growth Ordinary Dividend Income $29.8m $27.6m 8.0% Net Operating Result* $27.7m $25.3m 9.4% Net Operating Profit $30.0m $29.9m 0.3% Earnings Per Share* 6.51cps 6.02cps 8.2% Ordinary Dividend Per Share 6.40cps 6.00cps 6.7% * Excluding Special
Slide 4: BKI Result Highlights
BKI Result Highlights 40,000 30,000 35,000 For personal use only 25,000 30,000 25,000 20,000 20,000 15,000 15,000 10,000 10,000 5,000 0 5,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 Total Ordinary Income Total Special Income 2004 2005 2006 2007 2008 2009 2010 2011 2012 Dividends Received Net
Slide 5: Dividends Paid
Dividends Paid For personal use only 7.0 1 6.0 1 1 5.0 4.0 3.0 6 6 6 6.4 5 5.3 5.25 2.0 4.3 1.0 2 0.0 cps cps cps cps cps cps cps cps cps 2004 2005 2006 2007 2008 2009 2010 2011 2012 Ordinary Dividends Special Dividends 5
Slide 6: Income
Income For personal use only Rates offered by banks and other financial institutions will reduce the level of income received by some investors. BKI believes that the lower levels of income received from cash and other fixed interest products could be a catalyst for retail investors to search for in
Slide 7: Management Expense Ratio
Management Expense Ratio For personal use only 0.80% 0.69% 0.71% 0.70% 0.60% 0.56% 0.50% 0.46% 0.46% 0.40% 0.31% 0.30% 0.19% 0.20% 0.18% 0.18% 0.10% 2004 2005 2006 2007 2008 2009 2010 2011 2012 7
Slide 8: BKI Performance
BKI Performance as at 30 June 2012 For personal use only BKI Performance 1 Year 3 Years 5 Years 7 Years as at 30 June 2012 (pa) (pa) (pa) S&P/ASX 300 ACC INDEX (XKOAI) -7.0% 5.6% -4.2% 3.8% BKI Portfolio Returns are BKI Total Shareholder Returns 1.5% 8.9% -0.3% 6.0% measured after BKI Share Price Ou
Slide 9: Top Investments
Top 20 Investments For personal use only 1 New Hope Corporation 10.6% 11 ANZ Banking Group 2.6% 2 Commonwealth Bank 9.0% 12 Woodside Petroleum 2.2% 3 National Australia Bank 8.5% 13 Coca Cola Amatil 2.0% 4 BHP Billiton limited 7.7% 14 QBE Insurance Group 1.8% 5 Westpac Banking Corp 6.0% 15 Metcash L
Slide 10: Portfolio Movements
Portfolio Movements For personal use only Major Investments FY13 Forecast FY13 Forecast FY13 Forecast Dividend Yield (%) EPS Growth (%) PE Multiple (X) Westpac Banking Corp 7.6 5.2 10.2 National Australia Bank 8.0 6.9 8.8 Fleetwood Corporation 6.2 7.2 12.9 Wesfarmers Limited 5.0 14.2 15.6 Telstra Co
Slide 11: Portfolio Movements
Portfolio Movements For personal use only Divestments FY13 Forecast FY13 Forecast FY13 Forecast Dividend Yield (%) EPS Growth (%) PE Multiple (X) Bluescope Steel 0.0 0.0 8.3 Echo Entertainment 2.6 25.3 18.3 Transfield Services 8.0 55.9 6.7 Westpac Pref Shares(WBCPA) 4.2 0.0 n/a Westpac Pref Shares(W
Slide 12: Top holdings V's Index returns
Top 20 holdings V’s Index returns For personal use only Diversification delivering performance. 12 Month Total Shareholder Returns as at 30 June 2012. 40% TLS 30% ARP CPB CCL 20% CBA ANZ 10% TPM IVC WBC AGK ASX WOW 0% MLT WES BKI NAB -10% S&P/ASX MTS 300 QBE NHC -20% WPL BHP -30% Telco Services Cons
Slide 13: Investment Opportunity
Investment Opportunity For personal use only Balance sheets of quality companies are robust and dividend distributions have continued to improve. Cautious of companies exposed to: Discretionary Retail, Media and Manufacturing. Focused on our Stock Selection Criteria: 1. Income Dividend Yields,
Slide 14: Global Outlook
Global Outlook The path of sharemarkets in previous financial crises compared with now. For personal use only “The most defining feature of the global investment environment continues to be the tussle between attractive share market valuations – low PER’s and relatively high dividend yields – and th
Slide 15: Fund Manager of the Year
Fund Manager of the Year For personal use only As previously announced, BKI received the 2011 Listed Investment Company of the Year award in November 2011. BKI believes that the future prospects of the LIC sector remains strong. Through a company structure, LIC’s can offer shareholders: • Reliable f
Slide 16: Low Cost, Low Risk, High Yield
For personal use only Low Cost Office Level 2, 160 Pitt Street Sydney NSW 2000 Telephone +61 2 9210 7000 Low Risk Fax +61 2 9210 7099 Web www.bkilimited.com.au ABN 23 106 719 868 High Yield… …all through BKI.ASX www.bkilimited.com.au 16
Slide 17: Group Profile and Investment Strategy
Additional Information Group Profile and Investment Strategy For personal use only BKI’s investment portfolio has been built on a philosophy of long term investment with a focus on Australian equities. BKI primarily seeks to invest in well-managed businesses with a profitable history and with the
Slide 18: History of BKI
Additional Information History of BKI For personal use only 1980’s Brickworks Limited (BKW) Establishes Share Portfolio 2003 Acquires BKW’s Share Portfolio – BKI lists on the ASX 2004 Merges with Pacific Strategic Investments (Mkt Cap ~$26m) 2007 Renounceable Rights Issue raises $57.0m Place
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