WHITEFIELD INDUSTRIALS LIMITED — Net Asset Value 2021

Sep 13, 2021

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NTA and Monthly Snapshot

August 2021

NET TANGIBLE ASSET BACKING

Whitefield advises that its Net Tangible Asset Backing [NTA] at the latest month-end was as follows.

		Prior
NTA [PER ORDINARY SHARE]	31 Aug 2021	Month
NTA (Before Deferred Tax)	$5.86	$5.57
NTA (After Deferred Tax)	$5.25	$5.02

Deferred tax, includes a provision for tax which would be payable if the company disposed of its entire investment portfolio at the relevant month end. However, as a long term investor, the company neither intends nor expects to sell its entire investment portfolio.

OTHER DETAILS

OTHER DETAILS
	31 Aug 2021
Net Tangible Asset Backing (Post Def Tax)	$579.3m
WHF Ordinary Shares on Issue	110,321,833
Convertible Resettable Pref Shares WHFPB	321,386
WHF Share Price	$5.56
Premium (Discount) to Pre Tax NTA	-5.18%
Premium (Discount) to Post Tax NTA	5.88%

PERFORMANCE SUMMARY

INVESTMENT RETURN	1 Qtr	1 Yr	3 Yr	10 Yr
Before Tax Returns (Portfolio return before costs &			tax)
WHF Portfolio	7.96%	29.02%	9.33%	12.29%
S&P/ASX 200 Industrials	8.16%	30.37%	9.28%	12.47%
After Tax Returns (Company return after costs & company tax)
Net Asset Backing (Pre-Def Tax)	7.81%	28.74%	8.11%	11.76%
Net Asset Backing (Post-Def Tax)	7.90%	24.39%	7.85%	9.88%
WHF Share Price	-3.81%	24.14%	9.54%	12.31%

TOP 20 INVESTMENTS

	At 31 Aug 2021	At 31 Aug 2021	%
	CBA	COMMONWEALTH BANK OF AUSTRALIA	10.18%
	CSL	CSL LIMITED	7.97%
	NAB	NATIONAL AUSTRALIA BANK LIMITED	5.24%
	WBC	WESTPAC BANKING CORPORATION	5.22%
	ANZ	ANZ BANKING GROUP LIMITED	4.82%
	WES	WESFARMERS LIMITED	4.15%
	WOW	WOOLWORTHS GROUP LIMITED	3.27%
	MQG	MACQUARIE GROUP LIMITED	2.92%
	TLS	TELSTRA CORPORATION LIMITED	2.62%
	GMG	GOODMAN GROUP	2.52%
	TCL	TRANSURBAN GROUP	1.93%
	APT	AFTERPAY LIMITED	1.83%
	JHX SHL	JAMES HARDIE INDUSTRIES PLC SONIC HEALTHCARE LIMITED	1.62% 1.54%
	ALL	ARISTOCRAT LEISURE LIMITED	1.50%
	COL	COLES GROUP LIMITED	1.40%
	SYD	SYDNEY AIRPORT	1.23%
	RMD	RESMED INC	1.08%
	XRO	XERO LIMITED	1.06%
	QBE	QBE INSURANCE GROUP LIMITED	1.03%
	Cash	CASH & CASH EQUIVALENTS	1.99%

SECTOR BREAKDOWN

	At 31 Aug 2021	%
	Financials	36.12%
	Health Care	13.88%
	Consumer Discretionary	9.58%
	Real Estate	8.39%
	Industrials	7.42%
	Consumer Staples	7.27%
	Communication Services	5.32%
	Information Technology	5.02%
	Materials	3.25%
	Utilities	1.77%
	Cash	1.99%
		100.00%

_Contact Details

Suite 16.01 Level 16, 68 Pitt Street Sydney NSW 2000

Phone +61 2 8215 7900 Email mail@whitefield.com.au

Reliable. Efficient. Consistent.

Whitefield Limited ABN 50 000 012 895

whitefield.com.au