Argo Global Listed Infrastructure Ltd. · ASX:ALI
Argo Global Listed Infrastructure — Exchange SA investment conference (June 2017)
13 slides from Argo Global Listed Infrastructure's conference presentation, Jun 8, 2017
Slide 1: Argo Global Listed Infrastructure (AGLI) – instant diversification at a discount
For personal use only 1 Argo Global Listed Infrastructure (AGLI) instant diversification at a discount Tim Binks 8 June 2017 Adelaide
Slide 2: Disclaimer
2 Disclaimer For personal use only 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 Investments Limited (ACN 007 519 520). ASCO’s Financial Services Guide is available on request or at www.a
Slide 3: What is AGLI?
3 What is AGLI? - ASX-listed investment company (ASX code = ALI) For personal use only - Aims to provide long-term capital growth and dividend income - Global portfolio of about 70 listed infrastructure stocks across 15 countries - Unhedged for currency and no debt - Specialist infrastructure portfo
Slide 4: Why did Argo launch AGLI?
4 Why did Argo launch AGLI? For personal use only - Diversification for Australian investors who predominantly hold domestic equities - Filters complex global investments into a single ASX-listed security - Access to best of breed portfolio manager with strong track record, Cohen & Steers Inc. - Inf
Slide 5: Sector characteristics
5 Sector characteristics For personal use only Typical characteristics of Global Listed Infrastructure Marine - Underlying assets provide essential public services Ports that facilitate economic growth Airports Pipelines - Long-lived real assets Investment Universe - High barriers to entry • 350 com
Slide 6: Eurotunnel
6 Eurotunnel For personal use only EN Paris: GET Mkt. Cap: $5.9B Dividend Yield: 2.3% - Holds the concession to operate the English Channel Tunnel - Sole land transport link between the UK and continental Europe - Long term concession until 2086 drives predictable cash flows - Growth options as rail
Slide 7: NextEra Energy
7 NextEra Energy For personal use only NYSE: NEE Mkt. Cap: $56.7B Dividend Yield: 2.8% - Integrated model combines high quality utility with power generation assets including renewables, gas and nuclear - Florida Power & Light is located in a growing market and is the 3rd biggest utility in the US -
Slide 8: Crown Castle
8 Crown Castle For personal use only NYSE: CCI Mkt. Cap: $31.8B Dividend Yield: 3.8% - Leading US operator of wireless communications towers - High barriers to entry and operating leverage - Benefits from increasing data intensity of wireless traffic and growth in the number of wireless devices
Slide 9: Portfolio diversification – April 2017
9 Portfolio diversification – 30 April 2017 For personal use only
Slide 10: NTA & Share price - to May 2017
10 NTA & Share price - to 23 May 2017 For personal use only $2.30 $2.20 Trump elected $2.10 $2.00 $1.90 $1.80 $1.70 $1.60 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 NTA Share Price S&P ASX 200 Accumulation Index
Slide 11: Total Portfolio Return - May 2017
11 Total Portfolio Return - May 2017 For personal use only * Estimated NTA at 26.5.17 = $2.13
Slide 12: AGLI opportunity - now
12 AGLI opportunity - now For personal use only - Long-term defensive growth with dividends - Infrastructure spending needed to drive economic growth globally - Exposure to broader global infrastructure sector, including emerging markets and renewable energy - Easy diversification for Australian inv
Slide 13: Communication and marketing
13 Communication and marketing For personal use only WEBSITE www.argoinfrastructure.com.au INDEPENDENT Lonsec Research Bell Potter Securities RESEARCH Independent Investment Research EMAIL Monthly NTA & investment updates Quarterly reports ALERTS Discussion papers Result announcements
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