Argo Investments Limited · ASX:ARG
Argo Investments — Shareholder Meeting (2021)
21 slides from Argo Investments's shareholder meeting presentation, 2021
Slide 1: Annual General Meeting
3 Annual General Meeting LARGO) is
Slide 2: Board of Directors
Board of Directors Russell Higgins AO Jason Beddow Joycelyn Morton Roger Davis Non-executive Chairman Managing Director Non-executive Director Non-executive Director Anne Brennan Chris Cuffe AO Liz Lewin Non-executive Director Non-executive Director Non-executive Director 2
Slide 3: Argo's investment objective
“Argo’s objective is to maximise long-term returns to shareholders through a balance of capital and dividend growth. It does this by investing in a diversified Australian equities portfolio which is actively managed in a tax-aware manner within a low-cost structure.” 3
Slide 4: Total returns
Total returns percentage per annum 33.3% 30.6% 24.5% 10.4% 10.5%10.0%10.8% 9.7% 8.6% 8.4% 8.9% 8.8% 8.8% 9.0% 7.9% 6.8% 5.9% 6.4% 1 year 3 years (pa) 5 years (pa) 10 years (pa) 15 years (pa) 20 years (pa) Share price NTA S&P/ASX 200 Accumulation Index Figures above are to 30 September 2021 4
Slide 5: 2021 highlights
2021 highlights Profit Full year dividends, LIC capital gain fully franked component of final dividend $174m 28.0c 8.0c Earnings per share Management expense Shareholders ratio 24.1c 0.14% 94,100 5
Slide 6: Annual dividends
Annual dividends cents per share 35 33 31 31.5 30.5 30 29.5 30 28 28 26 26.5 25 20 15 10 5 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Interim dividend Final dividend 6
Slide 7: Shareholder returns
Shareholder returns $10,000 invested $75,296 $54,064 $24,685 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Share price Plus dividends Plus franking Figures above are over 20 years to 30 September 2021 7
Slide 8: Celebrating years of investing on behalf of shareholders
7 Celebrating 75 years. — of investing on behatt! == YEARS of our Shareho
Slide 9: Outlook
[ARGO | INVESTMENTS
Slide 10: Shareholder benefits
Shareholder benefits Low-cost, Experienced board and Long-term, proven internally managed management team investment approach Fully-franked, Strong balance Diversified and sustainable dividends sheet, no debt administratively simple 10
Slide 11: Market performance
Market performance S&P/ASX 200 Index – October 2020 to October 2021 8000 7500 7000 6500 6000 5500 11
Slide 12: For more see: argoinvestments.com.au
For more see: argoinvestments.com.au 12
Slide 13: Special dividends
Special dividends SUNCORP ©) T TELSTRA <2) Sterne motive Milton CORPORATION LIMITED ARGO INVESTMENTS 13
Slide 14: Share buybacks
Share buybacks Off-market On-market 14
Slide 15: Mergers and acquisitions
Mergers and acquisitions M&A deals involving ASX 200 companies 300 600 250 500 200 400 150 300 100 200 50 100 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Volume [A$bn] Deal Count [RHS] 15
Slide 16: Initial Public Offerings
Initial Public Offerings ASX IPOs since 2009 12 160 140 10 120 8 100 6 80 60 4 40 2 20 0 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Value [A$bn] Deal Count [RHS] 16
Slide 17: Initial public offerings
Initial public offerings id Genie Solutions VULCAN. judo SGE bank SCIENTIFIC GAMES° ARGO INVESTMENTS PD ONE © orcon APM ebrn
Slide 18: Environmental Social & Governance
Environmental Social & Governance 18
Slide 19: Outlook
[ARGO | INVESTMENTS
Slide 20: Get in touch
Get in touch invest@argoinvestments.com.au (08) 8210 9500 argoinvestments.com.au 20
Slide 21: Investing for our shareholders since 1946
Investing for our shareholders since 1946