Annual General Meeting presentation Please find attached the - - PDF document
26 October 2020 The Manager Company Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000 Annual General Meeting presentation Please find attached the presentation slides which accompany the Chairmans and Managing Directors
26 October 2020 The Manager Company Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000
Annual General Meeting presentation
Please find attached the presentation slides which accompany the Chairman’s and Managing Director’s Addresses at today’s Annual General Meeting of Argo Global Listed Infrastructure Limited. Yours faithfully, T.C.A. Binks Company Secretary
13
Argo Infrastructure
NTA per share*
Profit/loss
Portfolio
Full year dividends, fully franked
Total assets
Shareholders
* at 30 June 2020 ^ compared to the Company’s benchmark – FTSE Global Core Infrastructure 50/50 Index (A$)
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Argo Infrastructure
0. 0.9 1. 1.3 0. 0.9
1. 1.7
0. 0.5 1. 1.0 1. 1.25 25 2. 2.5 3. 3.0 2. 2.5 2. 2.5 2. 2.5 4. 4.0 4. 4.5
FY16 16 FY17 17 FY18 18 FY19 19 FY20 20
interim final franking credits
1. 1.9
15
Argo Infrastructure
8.6% 3.3% 2.8%
8.3% 7.4% 7.0%
5.8% 6.2% 6.4%
4.8% 7.3% 5.1%
1 y yea ear 3 years (p (pa) 5 years (p (pa) since inception ( (pa)
Share price Portfolio Benchmark S&P/ASX 200 acc.
16
Argo Infrastructure
$11,928 $11,560 $10,250
20 2015 15 20 2016 16 20 2017 17 20 2018 18 20 2019 19 20 2020 20
+ franking credits + dividends paid Share price
Specia ialist g global f l fund manage ger Access i inf nfrastruc uctur ure
pportunit nities Prove ven i inve vestment appr pproach Global di diversific icatio ion Adm dministrativ ively ly simple global l in investing Enha nhance r risk-adj djusted d retur urns ns
20
Argo Infrastructure
Utili ilitie ies
Electricity Gas Water Renewables
Transport
Toll roads Marine ports Railways Airports
Communicati tions
Wireless towers Satellites
Midstr tream En Ener ergy
Energy Transportation Processing Storage
21
Argo Infrastructure
23
Argo Infrastructure
Founded
Employees
Exchanged listed
Headquarters
Funds managed
GLI funds managed
Global network of investment professionals in New Y York, T Tokyo, H Hong K Kong, D Dublin and L London
24
Argo Infrastructure
Imp mpact act o
COVID Imp mpact act o
U.S. E Elect ection Ou Outl tlook
25
Argo Infrastructure
At 30 September 2020 in A$. (1) Based on companies within the S&P 500 Index. 69% 62% 60% 57% 52% 45% 32% 22% 9%
10% 30% 50% 70%
Cons. Stap. Health Care Mats. Info Tech Comm. Services Financials Utilities
U.S Utilit litie ies Ha Have L Lowest A Amount o
Guidance C Cuts / / Suspensions(1) European T Toll Roads Recoverin ing Q Quicker T Than Airports B Based
Y Passenger Gr Growth
European Toll Road Average European Airport Average
0% Mar Apr May Jun Jul Aug Sep
Domestic ic T Travel R l Recoverin ing Quic icker t than I Internatio ional T Travel i l in Asian A Airports Based o
l and P Projected Passenger V Volumes
International Domestic 750,000 1,500,000 2,250,000 3,000,000 3,750,000 Mar May Jul Sep Nov 2019 2020 450,000 500,000 550,000 600,000 650,000 700,000 Jan Mar May Jul Sep 32%
Freig ight R Rail V il Volumes ( (Carloads) R Recoverin ing g as Economic ic Activity R Resumes es
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Argo Infrastructure
Infrastru ructure S Subsector P r Perform rmance ce
At 30 September 2020 in A$.
Subsectors Impact Benchmark Weight Communications Long Term Beneficiary 11% Freight Rails, Marine Ports, Toll Roads, Utilities Cyclically Impacted, Economic Driven Recovery 71% Passenger Rails Cyclically Impacted, Vaccine Driven Recovery 1% Airports, Midstream Structural Challenges 17%
COVI OVID-Rel elated ed I Impa pact
Airports Passenger Rails Midstream Toll Roads Marine Ports Utilities Freight Rails Communications 60 70 80 90 100 110 120 130 Dec-19 Mar-20 Jun-20 Sep-20 Index Level (Rebased to 100)
27
Argo Infrastructure
At 30 September 2020
28
Argo Infrastructure
At 30 September 2020
Utili lities Telecommunic nicatio ions Mids dstream E Ene nergy Trans nspo portation