WHITEFIELD INDUSTRIALS LIMITED — Net Asset Value 2021

Jul 11, 2021

June 2021

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NTA and Monthly Snapshot

NET TANGIBLE ASSET BACKING

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

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|---|---|---|
|Prior|
|NTA [PER ORDINARY SHARE]|30 Jun 2021|Month|
|NTA (Before Deferred Tax)|$5.60|$5.45|
|NTA (After Deferred Tax)|$4.99|$4.88|

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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

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|---|---|
|30 Jun 2021|
|Net Tangible Asset Backing (Post Def Tax)|$481.8m|
|WHF Ordinary Shares on Issue|96,579,407|
|Convertible Resettable Pref Shares WHFPB|321,386|
|WHF Share Price|$6.20|
|Premium (Discount) to Pre Tax NTA|10.71%|
|Premium (Discount) to Post Tax NTA|24.25%|

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PERFORMANCE SUMMARY

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|---|---|---|---|
|INVESTMENT RETURN|1 Qtr|1 Yr|5 Yr|
|Before Tax Returns (Portfolio return before costs & tax)|
|WHF Portfolio|8.52%|25.56%|9.24%|
|S&P/ASX200 Industrials XJIAI|8.58%|27.38%|9.50%|
|After Tax Returns (Company return after costs & company tax)|
|Net Asset Backing (Pre-Def Tax)|8.77%|25.26%|8.21%|
|Net Asset Backing (Post Def Tax)|7.08%|20.10%|7.50%|
|WHF Share Price|18.39%|44.32%|12.87%|

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TOP 20 INVESTMENTS

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|---|---|---|
|At 30 Jun 2021|%|
|CBA|Commonwealth Bank of Australia|10.78%|
|CSL|CSL Limited|7.71%|
|WBC|Westpac Banking Corporation|5.50%|
|NAB|National Australia Bank Limited|5.26%|
|ANZ|ANZ Banking Group Limited|4.91%|
|WES|Wesfarmers Limited|4.42%|
|WOW|Woolworths Group Limited|3.18%|
|MQG|Macquarie Group Limited|2.93%|
|TLS|Telstra Corporation Limited|2.43%|
|GMG|Goodman Group|2.16%|
|TCL|Transurban Group|2.03%|
|COL|Coles Group Limited|1.72%|
|APT|Afterpay Limited|1.56%|
|JHX|James Hardie Industries PLC|1.55%|
|SHL|Sonic Healthcare Limited|1.49%|
|ALL|Aristocrat Leisure Limited|1.38%|
|RMD|ResMed Inc|1.08%|
|SGP|Stockland|1.02%|
|BXB|Brambles Limited|1.02%|
|XRO|Xero Limited|1.00%|
|Cash & Cash Equivalents|0.33%|

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SECTOR BREAKDOWN

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|---|---|
|At 30 Jun 2021|%|
|Commercial Banks|26.62%|
|Health Care|13.86%|
|Consumer Discretionary|10.50%|
|Financials|10.11%|
|Real Estate|8.26%|
|Consumer Staples|7.24%|
|Industrials|6.99%|
|Information Technology|4.96%|
|Communication Services|4.93%|
|Materials|4.02%|
|Utilities|2.18%|
|Cash & Cash Equivalents|0.33%|
|100.00%|

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_Contact details

Suite 16.01 Level 16, 68 Pitt Street Sydney NSW 2000

Phone +61 2 8215 7900 Fax +61 2 8215 7901 Whitefield Limited ABN 50 000 012 895

Reliable. Efficient. Consistent.

whitefield.com.au