Argo Global Listed Infrastructure Ltd. · ASX:ALI
Argo Global Listed Infrastructure — Shareholder Meeting (October 2024)
20 slides from Argo Global Listed Infrastructure's shareholder meeting presentation, Oct 21, 2024
Slide 1: Annual General Meeting 2024
ARGO INFRASTRUCTURE Annual General Meeting 2024 1
Slide 2: Russell Higgins AO, Chairman
Russell Higgins AO Chairman 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Argo Service Company Pty Ltd (ASCO) (ACN 603 367 479) (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 request or at argoinfrastr
Slide 4: Board of Directors
Board of Directors Jason Beddow Russell Higgins AO Managing Director Sarah Brennan Non-executive Chairman Non-executive Director Mark Hall Fiona Hele Non-executive Director Non-executive Director 4
Slide 5: Our Portfolio Manager
Our Portfolio Manager Ben Morton BAS, MES Senior Portfolio Manager 5
Slide 6: Our objective
Our objective 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. 6
Slide 7: 2024 overview
2024 overview Net assets Portfolio performance Full year dividends $417m +4.8% 9.0c $418m in 2023 Year ended 30 June 2024 Fully franked per share 8.5c per share in 2023 Total dividends NTA per share Dividends paid 57.75c $2.37 13 Per share, paid since Net tangible assets Consecutive fully franked in
Slide 8: Annual dividends cents per share
Annual dividends cents per share 3.6 3.4 3.4 3.4 3.2 2.7 9.0 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 2024 Annual dividends Franking credits 8
Slide 9: Total returns
Total returns 24.0% 21.8% 19.8% 18.8% 18.2% 10.9% 9.4% 9.6% 8.7% 8.7% 7.8% 8.1% 8.4% 8.4% 7.8% 6.1% 4.6% 4.8% 4.3% 3.9% 3 months 1 year 3 years (pa) 5 years (pa) since inception (pa) Share price Portfolio (before fees) Benchmark S&P/ASX 200 Accumulation Index Figures are at 30 September 2024. 9
Slide 10: Share price relative to NTA
Share price relative to NTA 8.0% 4.0% 0.0% -4.0% -8.0% -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 Apr-24 Figures are at 30 September 2024. 10
Slide 11: Independent research
Independent research ‘Recommended’ ‘Recommended’ 11
Slide 12: Directorate
orate : psy irect COS
Slide 13: Chief Financial Officer succession
Chief Financial Officer succession Andrew Hill Stephen Mortimer 13
Slide 14: Looking ahead
Looking ahead 14
Slide 15: Shareholder returns $10,000 invested
Shareholder returns $10,000 invested $17,000 $16,000 $16,899 $15,000 $15,379 $14,000 $13,000 $12,000 $11,750 $11,000 $10,000 $9,000 $8,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Share price Plus dividends Plus franking Figures are at 30 September 2024. 15
Slide 16: Shareholder benefits
Shareholder benefits Global Access new diversification Specialist global infrastructure fund manager opportunities Proven investment Enhanced risk-adjusted Simple global approach returns investing 16
Slide 17: Jason Beddow, Managing Director
Jason Beddow Managing Director 17
Slide 18: Interest rate impacts
Interest rate impacts Assessments of appropriate policy US Federal Reserve Board Members at Federal Open Market Committee Meetings Source: US Federal Open Market Committee. 18
Slide 19: Our Portfolio Manager
Our Portfolio Manager Ben Morton Thuy Quynh Dang Tyler Rosenlicht BAS, MES BA BA, MBA Senior Portfolio Manager Portfolio Manager Portfolio Manager 19
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