AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2026)
25 slides from AMCIL's shareholder meeting presentation, October 2026
Slide 1: Annual General Meeting
Annual General Meeting October 2026
Slide 2: Board Members
Board Members Rupert Myer AO Alison Gibson Chairman and Independent Managing Director Non-Executive Director Roger Brown Paula Dwyer Independent Non-Executive Independent Non-Executive Director Director Michael Hirst Jon Webster AM Independent Non-Executive Independent Non-Executive Director Directo
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 AMCIL Limited and 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 warranty (express or implied) is made
Slide 7: Agenda
Agenda CEO Address Alison Gibson FY26 Results Summary Andrew Porter Portfolio Activity Winston Chong Market Update and Outlook Jaye Guy and Winston Chong Annual General Meeting – October 2026 7
Slide 8: CEO Address
CEO Address Annual General Meeting – October 2026 8
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? Investment Performance
What am I looking to improve? 1) Investment Performance AMCIL 5 year Annualised Portfolio Returns 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Aug 11 Aug 16 Aug 21 Aug 26 AMH NTA Total Return, including franking S&P/ASX 200 Accumulation Index, including franking Annual General Meeting – October
Slide 11: What am I looking to improve? Communicating our value proposition
What am I looking to improve? 2) Communicating our value proposition more effectively AMCIL Share Price relative to Net Asset Backing 10% 5% 0% -5% -10% -15% -20% Aug 21 Aug 22 Aug 23 Aug 24 Aug 25 Aug 26 Annual General Meeting – October 2026 11
Slide 12: Looking Ahead
Looking Ahead High-conviction The most agile Differentiated portfolio of our four LICs risk and return Group-wide Built for the insights long term Annual General Meeting – October 2026 12
Slide 13: FY26 Results Summary
FY26 Results Summary Annual General Meeting – October 2026 13
Slide 14: Full Year Results Summary
Full Year Results Summary Fully Franked Dividend Per Share 4.0¢ Total Incl. 0.5¢ Special 6.5 cents total in 2025, including a 3.0 cent special dividend Share Buy Back 7.5m shares bought back Cost of $7.6m Annual General Meeting – October 2026 14
Slide 15: Portfolio Activity
Portfolio Activity Annual General Meeting – October 2026 15
Slide 16: Utilising our advantages
Utilising our advantages AMCIL’s competitive advantages How we utilise these advantages Well resourced investment team with High conviction ideas implemented strong research capability. meaningfully and dynamically reviewed. Fixed capital structure in an increasingly Step into volatility when our co
Slide 17: High Conviction Ideas, Implemented Meaningfully
High Conviction Ideas, Implemented Meaningfully - Inclusion in the AMCIL portfolio requires conviction - Active weights are meaningful - Weights reflect our level of conviction Portfolio Movement in last 6 months Feb-26 Aug-26 Number of Stocks 46 39 Median Active Overweight 1.2% 1.7% Active weight i
Slide 18: Stepping into volatility when we have conviction
Stepping into volatility when we have conviction $45 $45 $40 $40 $35 $35 Share price (A$) Share price (A$) $30 $30 $25 $25 $20 $20 $15 $15 $10 $10 Sep 25 Nov 25 Jan 26 Mar 26 May 26 Jul 26 Sep 26 Sep 25 Nov 25 Jan 26 Mar 26 May 26 Jul 26 Sep 26 Annual General Meeting – October 2026 18
Slide 19: Taking advantage of short-term price dislocations
Taking advantage of short-term price dislocations 150 10.0 150 40 140 140 38 130 9.5 130 36 Brent crude oil (US$/bbl) Brent crude oil (US$/bbl) WDS share price (A$) AIA share price (NZ$) 120 120 34 110 9.0 110 32 100 100 30 90 8.5 90 28 80 80 26 70 8.0 70 24 60 60 22 50 7.5 50 20 Jan 26 Mar 26 May 2
Slide 20: Recent Transactions
Recent Transactions Buying Selling New Additions to Additions to existing Complete Disposals Trimming of existing the Portfolio positions positions Annual General Meeting – October 2026 20
Slide 21: Market Update and Outlook
Market Update and Outlook Annual General Meeting – October 2026 21
Slide 22: August Results Season
August Results Season Relief Rallies Consumer Softness Takeover Activity Good Dividend Growth Annual General Meeting – October 2026 22
Slide 23: Market Outlook
Market Outlook Forward Looking Price to Earnings Ratio Forward Looking Dividend Yield of S&P/ASX 200 Index of S&P/ASX 200 Index 22x 7.0% 20x 6.0% 18x 16x Average 15.1 5.0% 14x Average 4.5 4.0% 12x 3.0% 10x 8x 2.0% Source: FactSet Annual General Meeting – October 2026 23
Slide 24: Portfolio Summary: Update
Portfolio Summary: Update Constructing a diversified portfolio of high-quality companies is key to AMCIL delivering on its Investment Objectives in a variety of market conditions. Key Portfolio Statistics Top 20 Holdings $342.2m Total Portfolio Value 39 Stocks in the Portfolio $1.09 Net Tangible Ass
Slide 25: A/ACIL
A/ACIL