Investor presentation 19 June 2018 History Founded in 1872 Head - - PDF document
19/06/2018 Investor presentation 19 June 2018 History Founded in 1872 Head office occupied since 1886 Listed in 1903 Robert Millner, 4 th generation Chairman Pharmaceutical interests 4.6% of portfolio Current market
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19 June 2018
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portfolio
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OVER THE LAST 15 YEARS WHSP HAS DELIVERED A TSR OF 13% PER ANNUM
(outperforming the All Ords Accumulation Index by 3.5% pa)
DIVERSIFIED PORTFOLIO LONG TERM INVESTOR DISCIPLINED INVESTOR CONTINUALLY INCREASED DIVIDENDS
(one of only two companies in the All Ordinaries Index to do so)
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10 11 14 17 20 25 27 28.5 30 32 34 40 44 46 48 50 52 54 3.5 4 5 5 5 15 15 25 12.5 23
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To 31 May 2018
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As at 31 May 2018. Includes the re‐investment of dividends 14.0% 14.8% 9.8% 10.5% 13.0% 14.1% 10.8% 6.4% 9.1% 5.1% 9.5% 8.5%
1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
WHSP TSR All Ords Accumulation TSR
526.5% 288.3%
‐ 100% 200% 300% 400% 500% 600% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
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As at 31 May 2018. Includes the re‐investment of dividends
WHSP
All Ordinaries Accumulation Index
Total Shareholder Returns against the Index over the last 15 years
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As at 31 May 2018. Includes the re‐investment of dividends
$504,937
$ $100,000 $200,000 $300,000 $400,000 $500,000 1978 1983 1988 1993 1998 2003 2008 2013 2018
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$504,937 in 2018
16.8% for 40 years
Growth of $1,000 invested in 1978
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10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000
Growth in shareholder numbers
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As at 31 January 2018
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9 years of performance since merger
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Broadband subscribers ‐ migration to NBN
NBN products
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Strong growth in data downloads from mobile devices
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TB of data downloaded per quarter Number of mobile subscriptions
Source: ABS
0.0 5.0 10.0 15.0 20.0 25.0 30.0 50,000 100,000 150,000 200,000 250,000 Dec 2012 Jun 2013 Dec 2013 Jun 2014 Dec 2014 Jun 2015 Dec 2015 Jun 2016 Dec 2016 Jun 2017 Dec 2017 Mobile data downloaded and mobile handsets Volume of data downloaded (TBs) Number of mobile handset subscribers (millions)
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Best half year result in the company’s history
To 31 January 2018
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Strong recovery in thermal coal prices
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$40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 Dec‐08 Apr‐09 Aug‐09 Dec‐09 Apr‐10 Aug‐10 Dec‐10 Apr‐11 Aug‐11 Dec‐11 Apr‐12 Aug‐12 Dec‐12 Apr‐13 Aug‐13 Dec‐13 Apr‐14 Aug‐14 Dec‐14 Apr‐15 Aug‐15 Dec‐15 Apr‐16 Aug‐16 Dec‐16 Apr‐17 Aug‐17 Dec‐17 Apr‐18 New Hope acquires Bengalla for c.$900m
Thermal coal price (AUD)
Asia electricity forecast to 2040 by generation source
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Source: IEA World Energy Outlook 2016. minerals Council of Australia, Presentation to Coalition Resources and Energy Committee 2017
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New Acland Mine
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will contribute $8.1b to stakeholders
Rehabilitation
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New Oakleigh West rehabilitation work complete – 223ha land rehabilitated to grazing standard
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and dividends
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* Market values and Directors’ valuations as at 31 January 2018 9.4% 39.2% 3.8% 20.0% 100.0% 12.4% 14.5% 10.0%
PENGANA INTERNATIONAL EQUITIES LIMITED
Portfolio value of $439m*
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Growth in superannuation assets in Australia to 2035
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19.4% 30.3% 19.3%
Portfolio value of $239m*
* Market values as at 31 January 2018
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Copper supply and demand
(million tonnes)
Zinc Inventories at low levels
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DISCIPLINED LONG TERM TRUSTED PARTNER OPPORTUNISTIC
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