A U I 2017 ANNUAL GENERAL MEETING $M 45.0 $43.7M $42.0M $41.9M - PowerPoint PPT Presentation

A U I 2017 ANNUAL GENERAL MEETING

$M 45.0 $43.7M $42.0M $41.9M 40.0 $39.1M 35.0 $34.3M 30.0 25.0 2013 2014 2015 2016 2017 * Adjusted for Bonus element in Rights Issue

40.0 37.7 * 35.0 35.5 35.3 35.0 * 31.7 30.0 * 25.0 20.0 2013 2014 2015 2016 2017 * Adjusted for Bonus element in Rights Issue

40.0 Dividend increased or held steady for the last 23 years 35.0 34.0 34.0 33.4 30.0 31.5 * * 29.0 25.0 * 20.0 2013 2014 2015 2016 2017 * Adjusted for Bonus element in Rights Issue

2017 2016 Operating Expenses 0.10% 0.10% Bank Borrowings $130M $122M Cash on Hand $53M $27M Interest Cover 10.1 times 9.8 times NTA after Provision for Dividend $8.39 $7.39

1,500 AUI AUI NTA Share Price Index Years % p.a. % p.a. % p.a. 1 18.0 18.4 14.1 1,000 3 4.9 4.8 6.6 5 11.3 13.0 11.8 10 3.2 3.5 3.6 500 Jun-07 Jun-09 Jun-11 Jun-13 Jun-15 Jun-17 AUI NTA Accumulation AUI Share Price Accumulation S&P/ASX 200 Accumulation Source: Evans & Partners

CBA 9% ANZ 7% Westpac Other 6% 58% NAB 6% Wesfarmers 5% CSL 5% DUI 4%

Small Cap Funds Other Cash & Other 1.5% 4.5% Deposits Infrastructure & Financials & 5% Transport Insurance 41% 10% Healthcare 11% Consumer 12% Resources 15%

Main Purchases and Sales since 30 June 2017 PURCHASES SALES • Challenger Ltd • No sales • Macquarie Atlas Roads Group

Infrastructure & Small Cap Funds Cash & Other Other Financials & Transport 2% Deposits 4% Insurance 4% 10% 41% Healthcare 11% Consumer Resources 12% 16%

A U I 2017 ANNUAL GENERAL MEETING