Djerriwarrh Investments Limited · ASX:DJW
Djerriwarrh Investments — Shareholder Meeting (October 2026)
26 slides from Djerriwarrh Investments's shareholder meeting presentation, October 2026
Slide 1: Annual General Meeting
Annual General Meeting October 2026
Slide 2: Board Members
Board Members Graham Goldsmith AO Alison Gibson Catherine Brenner Chairman and Independent Managing Director Independent Non-Executive Non-Executive Director Director Bruce Brook Kathryn Fagg AC Rebecca McGrath AM Independent Non-Executive Independent Non-Executive Independent Non-Executive Director
Slide 3: Asking Questions Online
Asking Questions Online Asking questions Only Shareholders and Proxyholders are able to ask questions Click on “Ask a Question” Select “General Business” or a specific resolution Type in your question and click “Submit” Comments on resolutions can also be submitted through “Ask a Question” Annual Ge
Slide 4: Voting Online
Voting Online Lodging your votes Click “Get a Voting Card” (top and bottom of platform) Enter your SRN/HIN or Proxy Number and Postcode Click “Submit Details and Vote” Fill out your voting card for each item of business Click “Submit Vote” Annual General Meeting – October 2026 4
Slide 5: Annual General Meeting Presentation
Annual General Meeting Presentation October 2026
Slide 6: Disclaimer
Disclaimer Djerriwarrh Investments Limited, its related entity (Australian Investment Company Services Limited, AFSL: 303209) and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no wa
Slide 7: Agenda
Agenda CEO Address Alison Gibson Financial Year in Summary Andrew Porter Portfolio Update and Outlook Brett McNeill and Olga Kosciuczyk Annual General Meeting – October 2026 7
Slide 8: CEO Address
CEO Address Annual General Meeting – October 2026
Slide 9: Why did I rejoin the business?
Why did I rejoin the business? Purpose People Strong Ability to make a foundations difference Annual General Meeting – October 2026 9
Slide 10: What am I looking to improve? Yield and capital growth
What am I looking to improve? 1) Balancing the enhanced yield objective with capital growth Yield at 31 August 2026 Portfolio & Share Price Performance Based on Interim Dividends Paid and Final Dividend Declared Total Returns over 5 years to 31 August 2026 160 7.4% 140 6.7% 120 5.2% 100 3.9% 80 Djer
Slide 11: What am I looking to improve? Communicating value
What am I looking to improve? 2) Communicating our value more effectively DJW Share Price relative to Net Tangible Asset Backing 50% 40% 30% 20% 10% 0% -10% -20% Annual General Meeting – October 2026 11
Slide 12: Looking ahead
Looking ahead Continue to deliver Internally managed Permanent capital Income backed by on investment real dividends objectives Annual General Meeting – October 2026 12
Slide 13: Financial Year in Summary
Financial Year in Summary Annual General Meeting – October 2026
Slide 14: Financial Year in Summary
Financial Year in Summary Net Operating Result Fully Franked Dividend Per Share Portfolio Dividend Yield First Half Interim 7.25¢ $41.4m March Quarter June Quarter 4.25¢ 4.25¢ 15.75¢ Total 7.0% Including franking* S&P/ASX 200 Index yield 4.1% $40.8m in 2025 15.5 cents total in 2025 (including franki
Slide 15: Portfolio Update and Outlook
Portfolio Update and Outlook Annual General Meeting – October 2026
Slide 16: Enhanced Yield consistently strong over five financial years
Djerriwarrh’s Enhanced Yield has been consistently strong over the last five financial years. 8.0% 6.8% 7.0% 7.0% 6.7% 6.5% 6.5% 6.0% 5.6% 5.1% 5.0% 4.7% 4.2% 4.1% 4.0% 3.0% 2.0% 1.0% 0.0% FY2022 FY2023 FY2024 FY2025 FY2026 DJW yield on net asset backing, including franking S&P/ASX 200 yield, includ
Slide 17: Enhanced Yield delivered alongside dividend growth
The Enhanced Yield has been delivered in addition to growth in the dividend over this period DJW Dividend (cents per share) 16.00 15.75 15.50 15.50 15.25 15.00 15.00 14.50 14.00 13.75 13.50 13.00 12.50 FY2022 FY2023 FY2024 FY2025 FY2026 Annual General Meeting – October 2026 16
Slide 18: Dividend fully covered by Net Operating Profit
The Dividend continues to be fully covered by Net Operating Profit DJW Dividend and Earnings (cents per share) 16.00 15.75 15.74 15.50 15.50 15.50 15.16 15.25 15.35 15.00 15.00 14.50 14.33* 14.00 13.75 13.50 13.00 12.50 FY2022 FY2023 FY2024 FY2025 FY2026 Dividend per share Earnings per share *FY22 e
Slide 19: Option Income a consistent contributor to Enhanced Yield
Our Option Income has been a consistent contributor to our Enhanced Yield DJW Option Income ($m) $20 18.6 $18 16.6 16.7 $16 14.8 $14 12.5 $12 $10 $8 $6 $4 $2 $0 FY2022 FY2023 FY2024 FY2025 FY2026 Annual General Meeting – October 2026 18
Slide 20: Recent Buying: Newmont and Evolution Mining
Recent Buying: Newmont and Evolution Mining Operating Cash Flow (USD$b) Operating Cash Flow (AUD$b) $13.2 $2.7 $2.6 $10.3 $2.0 $6.4 $1.3 $4.3 $3.2 $0.8 $0.7 $2.8 FY21 FY22 FY23 FY24 FY25 FY26e FY22 FY23 FY24 FY25 FY26 FY27e Source: FactSet, Company Reports; FY26e and FY27e Operating Cash Flow are Co
Slide 21: Recent Buying: ProMedicus and TechnologyOne
Recent Buying: ProMedicus and TechnologyOne Earnings Per Share Earnings Per Share $1.82 $0.50 $1.39 $0.42 $0.36 $1.10 $0.32 $0.27 $0.79 $0.23 $0.58 $0.43 FY22 FY23 FY24 FY25 FY26 FY27e FY21 FY22 FY23 FY24 FY25 FY26e Source: FactSet, Company Reports; FY26e and FY27e Earnings are Consensus estimates;
Slide 22: Other Recent Portfolio Activity
Other Recent Portfolio Activity: Additions Option Exercises Complete Disposals Based on major transactions for Calendar Year 2026. Annual General Meeting – October 2026 21
Slide 23: August Results Season: Key themes
August Results Season: Key themes Relief Rallies Consumer Softness Takeover Good Dividend Activity Growth Annual General Meeting – October 2026 22
Slide 24: Good dividend growth from our largest holdings
Good dividend growth from our largest holdings August Reporting Season – Dividend Growth from some of DJW’s largest holdings +50% +33% +21% +11% +8% +6% +3% +0% -3% -8% BHP RIO JBH TLS WES TCL RGN RMD WDS CSL Source: Factset, Company Reports; Dividend growth measured as ordinary dividends declared f
Slide 25: Portfolio Summary
Portfolio Summary Constructing a diversified portfolio of high-quality companies across different sectors and with the appropriate balance of Income and Growth is key for Djerriwarrh to deliver on its Investment Objectives in a variety of market conditions. Key Portfolio Statistics Top 20 Holdings $
Slide 26: Djerriwarrh
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