AMCIL LIMITED — Net Asset Value 2020

Aug 4, 2020

4 August 2020

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Monthly net tangible asset (NTA) backing per share and top 20 investments as at 31 July 2020

Monthly net tangible asset (NTA) backing per share and top 20 investments as at 31 July 2020
Before Tax*	After Tax*
31 July2020Cum Div $1.02	$0.93
30 June 2020Cum Div $1.00	$0.92

The Net Tangible Asset Backing per share for both 30 June and 31 July 2020 are before the provision for the final dividend of 2.5 cents per share.

• The before and after tax numbers relate to the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long term investor and does not intend disposing of its total long term investment portfolio. Under current Accounting Standards, the Company is required to provide for tax on any gains that may arise on such a theoretical disposal, after the utilisation of brought forward losses.

Key facts

Investment objectives: AMCIL is a medium to long-term investor in the Australian equity market. Its investment approach is to construct a focused portfolio in which large and small companies can have an equally important impact on investment returns.

Benchmark: S&P/ASX 200 Accumulation Index.

Size of portfolio: $286.0 million at 31 July 2020.

Management cost: 0.66 per cent, no performance fees. Investment style: Active, fundamental, bottom-up. Suggested investment period: Five years to 10 years or longer.

Key benefits

Diversified portfolio primarily of ASX-listed Australian equities.

Tax-effective income via fully franked dividends. Consistent after tax paid investment returns achieved over the long term.

Professional management and an experienced Board, investment and management team.

Low-cost investing.

Ease of investing, transparent ASX pricing.

Shareholder meetings on a regular basis.

Net asset backing: released every month with top 20 investments.

Listed on ASX: code AMH.

Portfolio performance percentage per annum-periods ending 31 July 2020*

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1 year 5 years 10 years
Net asset per share growth plus S&P/ASX 200 Accumulation
dividends, including franking Index including franking
10.9%
8.6% 9.0%
6.8% 6.7%
-8.8%
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• Assumes an investor can take full advantage of the franking credits. AMCIL’s portfolio return is also calculated after management fees, income tax and capital gains tax on realised sales of investments. It should be noted that Index returns for the market do not include management expenses or tax.

Share price premium/discount to NTA

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10%
5%
0%
-5%
-10%
Jul 15 Jul 16 Jul 17 Jul 18 Jul 19 Jul 20
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Past performance is not indicative of future performance.

Release authorised by Matthew Rowe, Company Secretary

AMCIL Limited (AMCIL) – ABN 57 073 990 735

Level 21, 101 Collins Street, Melbourne Victoria 3000 Share Registrar (03) 9650 9911 | invest@amcil.com.au | amcil.com.au Computershare Investor Services Pty Ltd investorcentre.com.au

1300 653 916 (in Australia) +61 3 9415 4373 (outside Australia)

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Portfolio facts

Top 20 investments valued at closing prices at 31 July 2020

		Total Value	% of the
		$m	Portfolio
1	CSL	25.1	9.1
2	BHP Group	16.9	6.1
3	Wesfarmers	16.5	6.0
4	Mainfreight	14.8	5.3
5	Macquarie Group	12.6	4.5
6	Transurban Group	12.3	4.4
7	Macquarie Telecom Group	9.9	3.6
8	Goodman Group	9.7	3.5
9	Carsales.com	9.3	3.4
10	Woolworths	9.3	3.3
11	National Australia Bank	9.3	3.3
12	James Hardie Industries	9.0	3.2
13	RamsayHealth Care	8.3	3.0
14	ARB Corporation	7.4	2.7
15	Reece	7.0	2.5
16	Objective Corporation	6.9	2.5
17	NextDC	6.8	2.5
18	Qube Holdings	6.6	2.4
19	Breville Group	6.5	2.3
20	SydneyAirport	6.4	2.3
Total		210.6
As a	percentage of total portfolio value (excludes cash)		75.9%

Investment by sector at 31 July 2020

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Industrials 23.8% Healthcare 13.6% Consumer Discretionary 11.8% Materials 9.1% Communication Services 8.3% Information Technology 8.1% Other Financials 6.8% Banks 5.2% Real Estate 3.4% Consumer Staples 3.2% Cash 3.0% Energy 2.0% Utilities 1.7%

Important Information

This information has been prepared by AMCIL Limited (AMCIL) (ABN 57 073 990 735) and is provided by Australian Investment Company Services Limited, holder of Australian Financial Services Licence 303209 (Provider). To the extent that this information includes any financial product advice, the advice is of a general nature only and does not take into account any individual’s objectives, financial situation or particular needs. Before making an investment decision an individual should assess whether it meets their own needs and consult an appropriately licensed financial adviser. The information contained in these materials have been prepared in good faith. However, no warranty (express or implied) is made as to the accuracy, completeness or reliability of any statements, estimates or opinions or other information contained in these materials (any of which may change without notice) and to the maximum extent permitted by law, the Disclosers disclaim all liability and responsibility (including, without limitation, any liability arising from fault or negligence on the part of any or all of the Disclosers) for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from these materials. A copy of the relevant Financial Services Guide can be found on AMCIL’s website: www.amcil.com.au

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