Mirrabooka Investments Ltd · ASX:MIR
Mirrabooka Investments — FY2024 Earnings Presentation
19 slides from Mirrabooka Investments's earnings presentation, Jul 23, 2024
Slide 1: Webcast Presentation
23 July 2024 The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Electronic Lodgement For personal use only Mirrabooka Investments Limited Webcast Presentation Please find attached the presentation to be given at the Shareholde
Slide 2: Full Year Results Financial Year 2023/24
For personal use only Full Year Results Financial Year 2023/24
Slide 3: Disclaimer
Disclaimer For personal use only Mirrabooka Investments Limited and Australian Investment Company Services Limited (AFSL: 303209), its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in
Slide 4: Investment Objectives
For personal use only Investment Objectives
Slide 5: About Mirrabooka
For personal use only About Mirrabooka 4
Slide 6: Results in Summary
For personal use only Results in Summary
Slide 7: Financial Year in Summary
Financial Year in Summary For personal use only * Assumes an investor can take full advantage of the franking credits. 6
Slide 8: Financial Year in Summary: Special Dividends History
For personal use only Financial Year in Summary History of fully franked special dividends – 49 cents per share since our first special dividend in 2014 7
Slide 9: Share Price Relative to NTA
Share Price Relative to NTA For personal use only 8
Slide 10: $10,000 Invested at Inception vs Benchmark Indices
$10,000 invested at inception vs benchmark indices 25 years to April 2024 (includes reinvestment of dividends*) For personal use only *The chart depicts the more likely accumulation investment scenario for Mirrabooka and benchmarks – reinvestment of dividends but franking benefits received in cash.
Slide 11: Markets and the Portfolio
For personal use only Markets and the Portfolio
Slide 12: Portfolio Performance – Per Annum Returns to June 2024
Portfolio Performance – Per Annum Returns to 30 June 2024 For personal use only 11
Slide 13: Contributors to Mirrabooka's Recent Portfolio Outperformance
Contributors to Mirrabooka’s recent portfolio outperformance For personal use only A number of our holdings delivered particularly strong 12 month returns.. 60-80% return 80-100%+ return 100%+ return 40-60% return 30-40% return 12
Slide 14: FY24 Investment Portfolio Activity
FY24 Investment Portfolio activity For personal use only Investment Portfolio purchases – total $124 million Investment Portfolio sales – total $124 million Purchases $5 million and above: Sales $5 million and above: New to the portfolio Exiting the portfolio Reduction in ongoing holding Addition to
Slide 15: FY24 Investment Portfolio Activity
For personal use only FY24 Investment Portfolio activity FY2024 saw greater than usual selling in our successful longstanding investments. On a net basis, $57 million of sales were made in Top 20 Investments from 12 months ago – all of these stocks are still held in the portfolio. $61 million
Slide 16: Mirrabooka Top Holdings – June 2024
Mirrabooka Top 20 Holdings – 30 June 2024 % of % of For personal use only Company Portfolio Ownership Period Company Portfolio Ownership Period 1 6.2% 7.5 yrs 11 ResMed 2.7% 13 yrs 2 3.7% 14 yrs 12 2.3% 5 yrs 3 3.6% 2 yrs 13 2.3% 4 yrs 4 3.3% 9 yrs 14* 2.0% 7 yrs 5 3.3% 8 yrs 15 2.0% 2.5 yrs 6 2.8%
Slide 17: Outlook
For personal use only Outlook
Slide 18: Outlook
Outlook For personal use only In many of our most preferred long term growth companies share price strength has continued. While valuation of some of these longstanding core holdings looks stretched, our long term confidence in their earnings growth remains strong. We will continue to look for oppor
Slide 19: For personal use only
* ¢- MIRRABOOKA * Investments Limited
Mirrabooka Investments — FY2024 Earnings Presentation on 6ix