BKI Investment Co. Ltd. · ASX:BKI
BKI Investment — FY2026 Earnings Presentation
28 slides from BKI Investment's earnings presentation, Jul 28, 2026
Slide 1: BKI Investment Company Results Presentation
For personal use only BKI Investment Company Results Presentation For the year ended 30 June 2026
Slide 2: Disclaimer
Disclaimer For personal use only This material has been prepared by Contact Asset Management on behalf of BKI Investment Company Limited. The information within this document is not intended to provide advice to investors or take into account an individual’s financial circumstances or investment obj
Slide 3: 2026 Full Year Results
2026 Full Year Results For the year ended 30 June 2026 For personal use only FY2026 FY2025 Movement Result excluding special investment revenue ($m) ($m) (%) Ordinary revenue from Investment Portfolio $67.8 $65.1 4% Total Revenue - Ordinary $70.7 $69.3 2% Operating Result (after tax – before special
Slide 4: Growth in Net Operating Result and reduced MER
2026 Full Year Results Growth in Net Operating Result and reduced MER. For personal use only Net Operating Result Management Expense Ratio (MER) (before special dividends) BKI’s MER was 0.160%, down 4% from 0.166% last year $80m 0.70% $70m 0.60% $60m 0.50% $50m 0.40% $40m 0.30% $30m $20m 0.20% $10m
Slide 5: Final ordinary dividend and timetable
2026 Full Year Results For the year ended 30 June 2026 For personal use only BKI’s final ordinary dividend is 4.00 cents per share fully franked, taking FY2026 Total Dividends to 7.95cps up 1% from 7.90cps paid in FY2025. • Last trading date to be eligible for the dividend is Thursday 13 August 2026
Slide 6: A History of Strong Dividends
A History of Strong Dividends BKI has a strong history of paying fully franked dividends and offering an attractive yield. For personal use only BKI Dividend History 2026 Dividends 10.00 7.95cps 9.00 up 1% on pcp 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Ordinary Dividends per Share Special Divid
Slide 7: Dividend Contributions
Dividend Contributions BKI’s Top 10 Dividend Contributors for FY2026 BKI’s Top 10 Dividend Contributors For personal use only Change Company Name Comments FY2025 – FY2026 APA Group 27% Dividend growth - Increased BKI portfolio weighting BHP Group 11% Dividend growth - Increased BKI portfolio weighti
Slide 8: Performance
For personal use only Performance Results Presentation For the year ended 30 June 2026
Slide 9: Performance – Portfolio Return
Performance – Portfolio Return For the year ended 30 June 2026 BKI Portfolio Performance* For personal use only 15.0% 12.0% 12.2% 12.0% 10.5% 10.9% 9.7% 10.2% 10.0% 10.3% 10.0% 9.5% 8.6% 9.0% 8.7% 8.6% 7.6% 5.0% 2.7% 0.0% 6 Mths 1 Year 3 Yrs pa 5 Yrs pa 10 Yrs pa 15 Yrs pa 20 Yrs pa Since Inception
Slide 10: Performance
Performance For the year ended 30 June 2026 For personal use only BKI Performance 3 Mths 6 Mths 1 Year 3 Yrs 5 Yrs 10 Yrs 15 Yrs 20 Yrs Inception as at 30 June 2026 (pa) (pa) (pa) (pa) (pa) (pa) S&P/ASX 300 ACC INDEX (XKOAI) - 70% Franked 4.1% 2.7% 7.6% 12.0% 9.0% 10.9% 10.2% 8.6% 10.3% BKI Total Sh
Slide 11: Performance Contributors
Performance Contributors BKI’s Top 10 Holdings – 1 Year Total Shareholder Returns. For personal use only BKI’s Top 10 Holdings – (1Yr TSR) Change Company Name Comments FY2025 – FY2026 Record copper production with contributions now over 50% of EBITDA. Disciplined cost BHP Group 68% management. Defen
Slide 12: Total Shareholder Return: Discount to NTA
Performance - Total Shareholder Return (TSR) For the year ended 30 June 2026 For personal use only Short Term TSR impacted by Discount to NTA BKI’s share price of $1.825 represented a 11.9% discount to BKI’s pre-tax NTA of $2.07. $2.20 30% $2.10 $2.00 $1.90 20% $1.80 $1.70 $1.60 $1.50 10% $1.40 $1.3
Slide 13: Total Shareholder Return (TSR)
Performance - Total Shareholder Return (TSR) For the year ended 30 June 2026 Total Shareholder Returns (TSR) For personal use only 15.0% 12.0% 10.7% 10.9% 9.8% 9.9%10.2% 9.9%10.3% 10.0% 9.2% 9.0% 8.6% 8.3% 8.6% 8.6% 7.6% 5.0% 2.7% 0.0% 6 Mths 1 Year 3 Yrs pa 5 Yrs pa 10 Yrs pa 15 Yrs pa 20 Yrs pa Si
Slide 14: Cumulative Share Price Returns
Performance – Cumulative Share Price Returns For the year ended 30 June 2026 Cumulative Share Price Returns For personal use only Assuming all dividends were reinvested and using the benefit of franking credits, the cumulative share price of BKI shares was $8.16 per share as at 30 June 2026. $9.00 $
Slide 15: Performance – Dividend Yield
Performance – Dividend Yield BKI has a strong history of paying fully franked dividends and offering an attractive yield. BKI Dividend Yield History For personal use only 9.0% 8.0% 7.0% 6.0% 6.2% BKI Grossed-up Dividend Yield* 5.0% 4.0% 3.0% 3.5% Post Tax Cash Rate 2.0% 1.0% 0.0% BKI Grossed Up Divi
Slide 16: Portfolio Positioning
For personal use only Portfolio Positioning Results Presentation For the year ended 30 June 2026
Slide 17: Portfolio Movements
Portfolio Movements For the year ended 30 June 2026 For personal use only Purchases Purchases Sales Sales Add New Reduce Exit Woodside Energy Group Origin Energy Commonwealth Bank Suncorp Group BHP Group Westpac Banking Group National Australia Bank Aurizon Holdings Sonic Healthcare Yancoal Australi
Slide 18: Portfolio Positioning – BKI Portfolio
Portfolio Positioning – BKI Portfolio For the year ended 30 June 2026 Stock % of Portfolio Stock % of Portfolio For personal use only 1 BHP Group 11.8% 19 Coles Group 1.7% 2 APA Group 7.2% 20 Westpac Banking Corporation 1.6% 3 Commonwealth Bank 6.9% 21 Ramsay Health Care 1.5% 4 Wesfarmers Limited 5.
Slide 19: Equity Market Overview
For personal use only Equity Market Overview Results Presentation For the year ended 30 June 2026
Slide 20: Interest Rate Environment and Inflation
Interest Rate Environment and Inflation Shifting Timelines - The Delayed Australian Easing Cycle For personal use only Inflation remains the central driver of global market sentiment and central bank policies. In Australia, the expected easing cycle was abruptly halted by three rapid rate hikes, pus
Slide 21: Rate Pressure and Property Underinvestment
Rate Pressure and Property Underinvestment Rate Rises, Softening Housing and Plunging Confidence For personal use only Housing Affordability and Dwelling Price Growth The Australian housing market has stalled, with flat national dwelling price growth and transaction volumes dropping as consumer conf
Slide 22: Discretionary Retail - Tightening The Belts
Discretionary Retail - Tightening The Belts A Considerable Slowdown of Annual Household Consumption For personal use only Housing Spending Indicators (HSI) (annual % change) Population growth has masked an underlying per-capita stagnation in household spending. FY2026 saw discretionary retail slow t
Slide 23: Resources – Australia's Golden Ticket
Resources – Australia’s Golden Ticket Resource Companies, Benefiting from Global Tensions and Supply Gap For personal use only Australian resource and energy exporters remain the market’s Copper Mine Supply Forecasts (Mt) premier hedge against macro uncertainty. While geopolitical volatility provide
Slide 24: Focusing on Substance Over Sentiment
Focusing on Substance Over Sentiment Investing in Businesses Producing Earnings Certainty and Solid Yields For personal use only A sharp de-rating is sweeping the Information Technology sector as elevated capital costs place immense pressure on growth assets. Capex as % of Cash Flow From Operations
Slide 25: Focusing on Substance Over Sentiment
Focusing on Substance Over Sentiment Investing in Businesses Producing Earnings Certainty and Solid Yields For personal use only BKI invests in high-quality companies with our portfolio Relationship Between Dividend Yield and Growth balancing sustainable income and future growth. Key holdings who sh
Slide 26: FY2026 Federal Budget: Rediscovering the LIC Advantages
FY2026 Federal Budget Rediscovering the LIC Advantages For personal use only The proposed replacement of the 50% capital gains tax discount with an inflation-indexation model increases the relative value of fully franked dividends. Because Australia’s dividend imputation system Enhanced Appeal of re
Slide 27: BKI Investment Company contact
For personal use only BKI Investment Company info@bkilimited.com.au +61 2 7251 6242 Suite 302, Level 3, 1 Castlereagh Street, Sydney NSW
Slide 28: BKI Investment Company contact
For personal use only BKI Investment Company info@bkilimited.com.au +61 2 7251 6242 Suite 302, Level 3, 1 Castlereagh Street, Sydney NSW
BKI Investment Company — FY2026 Earnings Presentation on 6ix