Wam Income Maximiser Limited · ASX:WMX
Wam Income Maximiser — Investor Presentation (July 2026)
31 slides from Wam Income Maximiser's investor presentation, Jul 29, 2026
Slide 1: Entitlement Offer
For personal use only Entitlement Offer A two (2) for five (5) pro-rata non-renounceable Entitlement Offer in WAM Income Maximiser (ASX: WMX) | July 2026
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This investor presentation (Presentation) is dated 29 July 2026 and has been prepared by WAM Income Maximiser Limited (ACN 683 776 954) (WAM Income Maximiser or the Company) and Wilson Asset Management (International) Pty Limited (ACN 081 047 118) (AFSL 247333) (
Slide 3: Important Information and Disclaimer (continued)
Important Information and Disclaimer (continued) Future performance This Presentation may contain certain forward-looking statements. The words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”, “could”, “may”, “target”, “plan” and other si
Slide 4: Important Information and Disclaimer (continued)
Important Information and Disclaimer (continued) Offer Booklet The offer booklet for the Entitlement Offer will be available to eligible shareholders following its lodgement with the ASX. Any eligible shareholder who wishes to participate in the Entitlement Offer should consider the offer booklet in
Slide 5: FY2026 Full Year Results: Delivering monthly fully franked income
FY2026 Full Year Results: Delivering monthly fully franked income while outperforming the market with lower volatility For personal use only +19.2% +13.4% 7.1% Investment portfolio Investment portfolio Annualised December 2026 17.1% Less volatility than performance in the outperformance in the fully
Slide 6: Investment portfolio performance since inception
Investment portfolio performance since inception For personal use only Investment portfolio performance 3 1 Since inception at 30 June 2026 mths yr %pa (Apr-25) WAM Income Maximiser Investment Portfolio 9.6% 19.2% 17.8% Benchmark 3.0% 5.8% 10.2% Outperformance +6.6% +13.4% +7.6% Investment portfolio
Slide 7: Exceeding target income and outperforming benchmark
Exceeding target income and outperforming benchmark Monthly fully franked income: Capital growth: Exceeding target income return Investment portfolio outperforming benchmark For personal use only WAM Income Maximiser WAM Income Maximiser vs Benchmark# annualised December 2026 Target income return^ v
Slide 8: Monthly fully franked dividends since inception
Monthly fully franked dividends since inception For personal use only *The target income return of the Company is the RBA Cash Rate plus 2.5% per annum, including the value of franking credits. It is compared to the dividends paid to shareholders, including the value of franking credits, divided by
Slide 9: Why WAM Income Maximiser?
Why WAM Income Maximiser? For personal use only Monthly fully franked dividends The only Australian LIC that Access to wholesale markets invests across debt and equity not available to retail shareholders Actively managed with levers An ‘enhanced hybrid strategy’ Diversified portfolio of equities to
Slide 10: Investment portfolio composition
Investment portfolio composition Glossary at 30 June 2026 Equity portfolio For personal use only Portfolio allocation 59.5% 17.1% 7.1% 2.1 Gross dividend yield (pa) 3.6% Less volatility than the ASX 300 Annualised December 2026 Sharpe ratio in the 12 months to 30 June 2026* fully franked dividend yi
Slide 11: Highlights of the Offer for $1.62
Highlights of the Offer 2 for 5 $1.62 For personal use only Eligible to receive the following monthly fully franked dividends#: 2 New Shares for every per New Share 5 WAM Income Maximiser Dividend including (estimated 24 July 2026 shares held Dividend franking credits pre-tax NTA, less the August 20
Slide 12: Key details of the Offer
Key details of the Offer Offer Structure 2 New Shares for every 5 WAM • Entitlement Offer comprises a pro-rata non-renounceable offer of two (2) New Shares for every five (5) existing Ratio shares in WAM Income Maximiser Limited (ASX: WMX) to eligible shareholders at an issue price of $1.62 per New
Slide 13: How to Participate?
How to Participate? How to participate in the Entitlement Offer: • An Offer Booklet containing further details of the Entitlement Offer (including eligibility criteria and how to participate) is expected to be released to the ASX and dispatched or made available to eligible shareholders* on Wednesda
Slide 14: Key Dates
Key Dates* Announcement of the Entitlement Offer and Placement results Wednesday 29 July 2026 Ex-date for Entitlement Offer Friday 31 July 2026 For personal use only Record Date for Entitlement Offer Monday 3 August 2026 at 7:00pm (Sydney time) Dispatch of Offer Booklet and Entitlement and Acceptanc
Slide 15: Key Risks of the Offer
Key Risks of the Offer For personal use only
Slide 16: Key risks: specific risks
This section identifies the areas the Directors regard as the main risks associated with an investment in the Company. Eligible Shareholders should be aware that an investment in the Company involves many risks, which may be higher than the risks associated with an investment in other companies. Eli
Slide 17: Specific Risks (continued)
Specific Risks (continued) Investment in securities and financial instruments generally involves third parties as custodial and counter parties to contracts. Use of third parties carries risk of default and failure to secure custody that could adversely affect the value of the Company. The Company o
Slide 18: Appendix: WAM Income Maximiser Investment Portfolio
Appendix: WAM Income Maximiser For personal use only Investment Portfolio
Slide 19: Investment process
Investment process Equity For personal use only Fundamental Macroeconomic Market Research Analysis Positioning Debt The WAM Income Maximiser investment portfolio is actively managed and dynamically adjusted to reflect changing market conditions and investment opportunities. 19
Slide 20: Top holdings
Top holdings at 30 June 2026 For personal use only Top 10 equity holdings Top 10 investment grade debt holdings (in alphabetical order) (in order of maturity) Company Code Company Code Company Description Maturity Company Description Maturity Commonwealth Bank ALL MGR ANZ Group Hybrid 2031 2039 Fixe
Slide 21: Investment outlook and positioning
Investment outlook and positioning For personal use only Positioned for the next phase of the market • Slightly overweight equities: with tilts towards value and quality relative to crowded growth names, and real estate investment trusts (REITs) over resources and banks. • Long-duration and A-rated
Slide 22: WAM Income Maximiser is actively managed, delivering risk-adjusted returns
WAM Income Maximiser is actively managed, delivering risk-adjusted returns For personal use only Sources: WAM, Bloomberg 22
Slide 23: The RBA is likely to cut rates as growth slows
The RBA is likely to cut rates as growth slows, spare capacity is freed up, and inflation fades For personal use only Sources: WAM, Bloomberg 23
Slide 24: Actual US inflation is heading lower, expected inflation at risk
Actual US inflation is heading lower, but expected inflation at risk of moving higher, worrying central bankers For personal use only Sources: WAM, Bloomberg 24
Slide 25: Appendix: About Wilson Asset Management
Appendix: About Wilson Asset Management For personal use only
Slide 26: Investment team
Investment team For personal use only Matthew Haupt Damien Boey John Ayoub Anna Milne Hailey Kim Lead Portfolio Manager Portfolio Strategist Portfolio Manager Deputy Portfolio Manager Senior Investment Analyst BCom GradDip App Fin CFA BEc (Hons 1) LLB (Hons 1) LLB BA GradCert App Fin BCom CFA BEcon
Slide 27: Experienced Board of Directors
Experienced Board of Directors For personal use only Geoff Kate Curt JoAnna Wilson AO Thorley Zuber Fisher Title Chairman Director Independent Director Independent Director Experience 46 years of markets 26 years of funds 36+ years of banking, finance, treasury, Chair and independent Director of exp
Slide 28: An industry leading investment team
An industry leading Geoff Wilson AO Chief Investment Officer investment team BSc GMQ FFINSIA FAICD Founded Wilson Asset Management in 1997 Lead Portfolio Managers Matthew Haupt Oscar Oberg Catriona Burns WAM Leaders (Australian large caps), WAM Capital, WAM Microcap, WAM Research and For personal us
Slide 29: An experienced management team
An experienced management team For personal use only Geoff Wilson AO Kate Thorley Catriona Burns Matthew Haupt Oscar Oberg Chairman & Executive Director Chief Executive Officer & Lead Portfolio Manager Lead Portfolio Manager Chief Investment Officer 26 years’ experience Lead Portfolio Manager WAM Le
Slide 30: A diversified portfolio offering
Wilson Asset Management was established in A diversified portfolio offering 1997 with a purpose of making a difference for our shareholders and the community. We invest $6.0 billion on behalf of more than 130,000 retail and wholesale investors. Listed investment companies (LICs) Trusts For personal
Slide 31: Get in touch
For personal use only Get in touch www.wilsonassetmanagement.com.au (02) 9247 6755 info@wilsonassetmanagement.com.au Join more than 100,000 Alexandra Hopper Irwin Head of Corporate Affairs and April Lowis Senior Investor Relations weekly readers Marketing (02) 9247 6755 alexandra@wilsonassetmanageme
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