AMCIL LIMITED — Net Asset Value 2023

Dec 4, 2023

5 December 2023

The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000

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Electronic Lodgement

AMCIL Limited Replacement NTA & Top 20 Investments as at 30 November 2023

Please find attached a replacement NTA Announcement for the NTA announcement lodged earlier today, 5 December 2023. This NTA Announcement now includes the correct date in the heading for the Portfolio Performance table on page 1. All other information remains correct.

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Matthew Rowe Company Secretary

Release authorised by the Company Secretary

5 December 2023

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Monthly net tangible asset (NTA) backing per share and top 20 investments as at 30 November 2023

	Before Tax*	After Tax*
30 November 2023	$�.��	$�.��
31 October 2023	$�.��	$�.��

• 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 any brought forward losses.

Key facts

Key benefits

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: $343.2 million at 30 November 2023.

Low Management cost: 0.66 per cent, no additional fees. Investment style: Active, fundamental, bottom-up.

Suggested investment period: Five years to 10 years or longer.

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 30 November 2023*

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1 year return 3 year return 5 year return 10 year return
7.1% 10.5% 10.2%
8.7% 8.4% 8.8%
4.4%
2.9%
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Net asset per share growth[S&P/ASX 200 Accumulation ] plus dividends, including franking Index, including franking

• 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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15%
10%
5%
0%
-5%
-10%
-15%
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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 (03) 9650 9911 | invest@amcil.com.au | amcil.com.au

Share Registrar Computershare Investor Services Pty Ltd investorcentre.com/au/contact

1300 653 916 (in Australia) +61 3 9415 4224 (outside Australia)

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Portfolio facts

Top 20 investments valued at closing prices at 30 November 2023

		Total Value	% of the
		$ Million	Portfolio
1	CSL	32.3	9.5%
2	Wesfarmers	20.5	6.0%
3	BHP Group *	20.0	5.9%
4	Macquarie Group	18.0	5.3%
5	Transurban Group	16.3	4.8%
6	Mainfreight	15.7	4.6%
7	Goodman Group	14.6	4.3%
8	Macquarie Technology Group	13.9	4.1%
9	James Hardie Industries *	13.4	3.9%
10	CAR Group *	12.4	3.6%
11	Westpac Banking Corporation	11.7	3.4%
12	National Australia Bank	9.9	2.9%
13	ARB Corporation	9.0	2.6%
14	EQT Holdings	8.3	2.4%
15	Commonwealth Bank of Australia	8.2	2.4%
16	Resmed	8.2	2.4%
17	REA Group	7.5	2.2%
18	Reece	7.4	2.2%
19	Woolworths Group	7.3	2.2%
20	Netwealth Group	7.3	2.1%
Total		261.7
As percentage of total portfolio value (excludes cash)			76.9%

Investment by sector at 30 November 2023

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[Healthcare] [15.3%]

[Consumer Discretionary] [13.9%]

[Industrials] [13.9%]

[Communication Services ] [13.1%]

[Other Financials] [11.0%]

[Materials] [10.5%]

[Banks] [8.7%]

[Real Estate] [4.2%]

[Information Technology ] [4.2%]

[Energy ] [2.3%]

[Consumer Staples] [2.1%]

[Cash ] [0.8%]

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• Indicates that options were outstanding against part of the holding.

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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