Mirrabooka Investments Ltd · ASX:MIR
Mirrabooka Investments — FY2023 Earnings Presentation
19 slides from Mirrabooka Investments's earnings presentation, Jul 19, 2023
Slide 1: ASX Announcement: Webcast Presentation
19 July 2023 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 July 2023
Full Year Results For personal use only July 2023
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 Full Year Results / July 2023 3
Slide 5: About Mirrabooka
About Mirrabooka For personal use only Full Year Results / July 2023 4
Slide 6: Results in Summary
For personal use only Results in Summary Full Year Results / July 2023 5
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. Full Year Results / July 2023 6
Slide 8: Financial Year in Summary
Financial Year in Summary For personal use only History of fully franked special dividends over 10 years – 46.5 cents per share in total Full Year Results / July 2023 7
Slide 9: Share Price Relative to NTA
Share Price Relative to NTA For personal use only 30 June 2023 NTA: $2.91 Share price: $2.74 Full Year Results / July 2023 8
Slide 10: Markets and the Portfolio
For personal use only Markets and the Portfolio Full Year Results / July 2023 9
Slide 11: Portfolio Performance – Per Annum Returns
Portfolio Performance – Per Annum Returns to 30 June 2023 For personal use only Full Year Results / July 2023 10
Slide 12: Mirrabooka's benchmark has been underperforming the ASX200 recently
Mirrabooka’s benchmark has been underperforming the ASX200 recently… For personal use only 1 Year Index Performance 2 Year Index Performance 15% 7% 15% 13% 8% 6% 10% 4% 2% -2% 5% 0% -2% 0% -4% ASX200 Index Mid Cap 50 and ASX200 Index Mid Cap 50 and Small Ordinaries Small Ordinaries Indices Indices …
Slide 13: Despite our benchmark underperforming, there have been sectors of strength
Despite our benchmark underperforming, there have been sectors of strength… For personal use only Emerging Mid-Cap Industrials Small Cap industrials Key Owned by Mirrabooka Not owned by Mirrabooka Full Year Results / July 2023 12
Slide 14: Mid and small cap resources have outperformed this year
And mid and small cap resources have outperformed this year… For personal use only Sectors that Mirrabooka has been underrepresented in: Lithium and Battery Coal Copper Mid Cap 50 Resources Accumulation Index Up 33% over the year Owned by Mirrabooka until the takeover by BHP. Full Year Results / Jul
Slide 15: Portfolio Management – Recent Material Transactions
Portfolio Management – Recent Material Transactions For personal use only Complete Disposals New Purchases Additions to Existing Holdings * * Takeover Full Year Results / July 2023 14
Slide 16: Mirrabooka Top Holdings – June 2023
Mirrabooka Top 20 Holdings – 30 June 2023 % of % of For personal use only Company Portfolio Ownership Period Company Portfolio Ownership Period 1 5.5% 6 yrs 11 Equity Trustees 2.5% 17.5 yrs 2 5.0% 7.5 yrs 12 2.5% 3 yrs 3* 3.6% 6.5 yrs 13 ALS 2.5% 17 yrs 4 3.6% 12.5 yrs 14* 2.5% 4.5 yrs 5 2.8% 2.5 yr
Slide 17: Outlook
For personal use only Outlook Full Year Results / July 2023 16
Slide 18: Outlook
Outlook For personal use only We are starting to observe a lagged impact of the recent increase in interest rates. In many cases we don’t feel valuations are fully reflecting the heightened near-term corporate earnings risk that this presents. We have increased conviction in the quality of portfolio
Slide 19: For personal use only
For personal use only x * ¢- MIRRABOOKA vestments Limited In
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