Whitefield Industrials Limited · ASX:WHF
Whitefield Industrials — Shareholder Meeting (August 2023)
13 slides from Whitefield Industrials's shareholder meeting presentation, Aug 14, 2023
Slide 1: 2023 Annual General Meeting
For personal use only 2023 ANNUAL GENERAL MEETING Whitefield’s 100th Year
Slide 2: Introduction
Introduction For personal use only Angus Gluskie Lance Jenkins Mark Beardow Chairman Director Director Jenelle Webster Will Seddon Stuart Madeley Director Director Co. Secretary 2
Slide 3: 100 years of Whitefield
Experience For 100 years Whitefield has provided For personal use only Australian investors with an avenue for efficient wealth creation. Efficiency Founded in 1923, Whitefield Industrials is Australia’s longest operating ASX listed investment company Innovation Our longevity is testament to our suc
Slide 4: Financial Year Results
_2023 For personal use only Financial Year Results 4
Slide 5: Earnings
_2023 Results: Earnings For personal use only Angus Gluskie Chairman _EPS 15.4 cents Earnings Per Share [cents] • 8.1% increase in underlying EPS • Dividend increases well spread 10 across the portfolio 7.9 7 8 • Origin Energy, APA Group, Wisetech, Computershare, 5.5 Transurban, QBE, Incitec, 9.2 9.
Slide 6: Earnings growth contributions
_2023 Results: Earnings For personal use only Angus Gluskie Chairman _ Earnings growth contributions Primarily: • Growth in underlying income • Cost control relative to income growth 6
Slide 7: Dividends
_2023 Results: Dividends For personal use only Angus Gluskie Chairman Total Dividends Per ORD Share (cents) _Year-End Dividend 20.50 20.50 20.50 20.50 • WHF Ordinary : 10.25 cents 19.75 • WHFPB: 131.25 cents • All fully franked at 30% 17.75 FY18 FY19 FY20 FY21 FY22 FY23 7
Slide 8: Dividend consistency
_2023 Results: Dividend consistency For personal use only Angus Gluskie Chairman _Whitefield expects to maintain Earnings [Excluding Realised Gains] its WHF ordinary dividend at the & Dividends Per Share 10.25 cent per half year level across FY2024* EPS Gain on Pref Reset • Underlying earnings conti
Slide 9: Investment Performance
_2023 Results: Investment Performance For personal use only Will Seddon Director 13% 11% _Equity markets globally were constrained 9% by rising interest rates 7% • Central banks raised interest rates significantly during 5% the year, a headwind for equity returns in Australia and globally. 3% • WHF’
Slide 10: Strong portfolio returns over 40 years
_2023 Results: Investment Performance For personal use only Will Seddon Director _Strong portfolio returns over 40 years • Despite many market cycles, portfolio returns over the long term have been strong, with the added benefit of franking credits. _Notes Performance for periods greater than 1 year
Slide 11: Exposures
_2023: Exposures For personal use only Will Seddon Director WHF Exposure v Benchmark, Mar '23 _Exposures at year end (Mar 23) Technology ConsumerStaple • Overweights: Technology; Consumer Staples; PropertyDevelopment PropertyInvestment Real Estate; Agriculture. Agriculture • Underweights: Infrastruc
Slide 12: For personal use only
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Slide 13: Important Information
_Important Information For personal use only General, Limited Commentary: This document contains information about Whitefield and the markets in which it operates. The document is limited in scope and accordingly may not contain all the information necessary for an investor to make an investment dec
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