Washington H. Soul Pattinson And Company Limited · ASX:SOL

Washington H. Soul Pattinson And — H1 2018 Earnings Presentation

14 slides from Washington H. Soul Pattinson And's earnings presentation, Mar 22, 2018

  1. Slide 1: Results Presentation: Business Overview

    For personal use only Results Presentation 2 Business Overview DIVERSIFIED LONG TERM CONSERVATIVE PORTFOLIO INVESTOR AND VALUE FOCUSED OVER THE LAST 15 YEARS WHSP HAS CONTINUALLY DELIVERED A TSR OF INCREASED DIVIDENDS 12.0% PER ANNUM (growing at a compound (outperforming the All Ords annual growth r

  2. Slide 2: Group Result and Portfolio Performance

    Group Result (Consolidated) Half Year Ended 31 January 2018 For personal use only Group Profit After Tax: $146.2m down 1.9% Group Regular Profit After Tax1 $166.4m up 19.4% (Record First Half)  New Hope up 97.4% Notable regular contribution  Fin. Services up 43.3% increases by:  TPG up 5.0% Inter

  3. Slide 3: WHSP Total Shareholder Returns

    WHSP Total Shareholder Returns as at 31 January 2018 For personal use only 1 3 5 10 15 Annualised Returns Year Years Years Years Years WHSP 13.9% 13.6% 8.1% 11.9% 12.0% All Ord. Accum. Index 13.0% 8.0% 9.2% 5.2% 9.6% 5 WHSP 15 Year Total Shareholder Returns to 31 January 2018 +448% WHSP +295% All Or

  4. Slide 4: Wealth Creation and Interim Dividend History

    WHSP Wealth Creation over 40 years to 31 January 2018 For personal use only  $1,000 invested in 1978 worth $432,228 in 2018  Compound annual return of 16.4% for 40 years Includes the re‐investment of dividends 7 Interim Dividend History Interim Dividend 23 cents per share 20 Year Interim Dividend

  5. Slide 5: TPG Telecom Limited

    TPG Telecom Limited Half Year Ended 31 January 2018 For personal use only Percentage ownership 25.2%  Underlying EBITDA2 $418.2m, up $0.6m despite significant headwinds Value of shareholding $1,487m • Migration of customers to NBN (lower Contribution to Group profit $50.0m margins and loss of home

  6. Slide 6: TPG Telecom Growth and New Hope Corporation

    TPG Telecom Limited Growth from new products For personal use only  Corporate division – increasing on‐net products  Revenue from Vodafone use of TPG’s fibre network commencing 1 May  Singapore mobile rollout going to plan  Australian mobile rollout going to plan  FTTB – continued rollout and a

  7. Slide 7: New Hope Half Year Highlights and Operating Mines

    New Hope Corporation Limited Half Year highlights For personal use only  Coal prices in AUD terms are higher than the previous peak in late 2010  No meaningful supply response to high prices 13 New Hope Corporation Limited Operating mines Bengalla (NSW) New Acland (Queensland)  1.9Mt produced (40

  8. Slide 8: New Hope Projects and Brickworks Limited

    New Hope Corporation Limited Projects For personal use only Lenton and Burton (Queensland) North Surat (Queensland)  Coking/thermal coal  Thermal coal  90% owned joint venture  Elimatta, Collingwood, Taroom, Woori  380 million tonne resource3  1 billion tonne resource3  ~1.5 million tonne per

  9. Slide 9: Brickworks Earnings by Segment and Industrial Property Trust

    Brickworks Limited Underlying earnings history by segment ($m) For personal use only  Building Products EBIT up 18.0%  Property EBIT down 26.3% due to no land sales recorded 17 Brickworks Limited Industrial Property Trust value  Brickworks’ share of industrial property assets increased to $511m (

  10. Slide 10: Financial Services Portfolio

    Financial Services Portfolio For personal use only Value of Portfolio* $439m % held Contribution to Group profit $8.0m BKI Investment Company (ASX: BKI) 9.4 Contact Asset Management 20.0 Ironbark Asset Management 14.5 Milton Corporation (ASX: MLT) 3.8 Pengana Capital Group (ASX: PCG) 39.2 Pengana In

  11. Slide 11: Australian Pharmaceutical Industries; CopperChem and Exco Resources

    Australian Pharmaceutical Industries Limited For personal use only Year Ended 31 August 2017 Percentage ownership 19.3%  Total revenue $4.1 billion, up 5.8% Value of shareholding $143m Contribution to Group profit* $4.5m  Underlying EBIT5 of $91.9m, up 5.5% (impacted by WHSP reducing holding from

  12. Slide 12: Apex Healthcare Berhad and TPI Enterprises

    Apex Healthcare Berhad For personal use only Year Ended 31 December 2017 Percentage ownership 30.3% Value of shareholding $61m  Revenue $188.5m, up 6.7% (in MYR) Contribution to Group profit* $2.3m  NPAT $13.5m, up 27.1% (in MYR)  Total dividends of 3.7 cents per share, up 4.3% (in MYR) The deval

  13. Slide 13: Property Portfolio and Terms and Definitions

    WHSP Property Portfolio For personal use only  Total equity value of WHSP’s property portfolio is $211m (4.1% of portfolio)  Kingsgrove subdivision • Services works underway • 5 of 8 lots sold subject to final subdivision  Prestons warehouse construction: • Works commenced January 2018 • To be le

  14. Slide 14: A Diversified Investment House

    For personal use only A Diversified Investment House 27 14

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