Kina Asset Management Limited 11 th Annual General Meeting Wednesday, - PowerPoint PPT Presentation

Kina Asset Management Limited 11 th Annual General Meeting Wednesday, 26 th June 2019

Notice to Attendees Welcome to the 11th Annual General Meeting 1. Switch off mobile phones or place on silent for the duration of this meeting. 2. Take note of emergency exits situated within this room. 3. In the event of an emergency, please exit the room in an orderly manner.

Directors/Panel Sir Rabbie Namaliu, GCL,KCMG,CSM Chairman Sydney Yates, OBE Managing Director/ Company Secretary Greg Taylor Director Monica Salter Director Deepak Gupta Executive General Manager- Business Partners & Wealth (Fund Manager) Helen Hamilton James Deloitte (Auditors) Ryan Warokra Corrs (Lawyers) 3

Proxies Received Proxies representing MM1 87.03% Of the Company’s issued shares have been received. Proxies Electing Chairman to vote 55.96% 4

Slide 4 MM1 To be updated after proxies responses are finalised Mareta Moang, 28/05/2019

Procedure for the Meeting 1. Chairman’s address 2. Business of the meeting which is detailed in the Notice of Meeting 3. Questions from shareholders 4. Refreshments & additional opportunity for shareholders to ask any further questions. 5

Chairman’s Address 6

5 Year Performance Summary Investment Return (%) Net Asset (K'm) 70.00 60.00 63.41 61.36 57.48 50.00 52.58 47.23 40.00 30.00 16.80 20.00 14.70 9.00 10.00 2.17 1.30 - 2014 2015 2016 2017 2018 7

Key Share Return for the Year End 40% 29.5% 30% 25.1% 22.2% 20% TOTAL RETURN 10% 0% -3.5% -3.5% -5.1% -5.5% -10% -6.6% -8.5% -13.3% -13.6% -14.4% -20% -16.8% -18.9% -30% 8

Allocation Diversified Financials Financials Industrial Energy Consumer Staples Healthcare Communication Cash Fixed Income 3% 15% 14% 5% 6% 4% 6% 42% 5% 9

Share Price Discount to NTA Share Price Premium/(Discount) to NTA 65% 1.3 45% 1.1 Premium 25% 0.9 Share price (K) 5% 0.7 -15% 0.5 -0.25 -35% -0.26 -0.27 -0.27 -0.27 -0.27 -0.28 -0.28 -0.27 0.3 -0.29 -0.30 -0.30 Discount -55% 0.1 -75% -0.2 Discount/Premium NTA (RHS) Closing Price (LHS) 10

Dividend History 6.0 5.0 5.0 4.0 4.0 4.0 Amount (toea) 4.0 3.0 3.0 2.0 2.0 2.0 1.0 0.0 2012 2013 2014 2015 2016 2017 2018 � 2018 Interim Dividend of 2 toea per share � 33 toea total dividend paid per share since inception on K1.00 investment 11

Year to Date Update (5 months ending May 2019) Investment Performance 13.22 14.00 12.00 9.94 10.00 8.04 Return (%) 7.26 8.00 6.00 4.49 3.28 4.00 2.77 4.49 1.90 2.00 0.78 0.00 January February March April May Monthly return Cummulative return YTD’19 Performance Attribution: � Capital gain on KSL, BSP, OSH, MGR, VANNISH, TLS, TCL, CSL, iShare & ANZ; � Interest & Dividend Income 12

Business of the Meeting 13

Business Ordinary Business 1. Consideration of Reports To receive and accept the Financial Statements and the reports of the Directors and Auditors, in respect of the year ended 31 December 2018. 14

Business Items for Approval 2. Resolution dealing with the Re-election of Director by rotation; 3. Appointment of New Director; 4. Increase to Directors’ Fee Pool; 5. Re-appointment of Deloitte as Auditors; 6. Reinvestment of Past Unclaimed Dividends; 7. Approval of new Dividend Reinvestment Plan. 15

Items for Approval Resolution 1 Sir Rabbie Namaliu, who retires by rotation under clause 69 of the Company’s Constitution, and being eligible for re-election, be re-elected as director of the company. The number of proxies for the resolution approving the re-election of Sir Rabbie Namaliu as director is: FOR: 39,893,566 • OPEN: 1,283 • Nil AGAINST: • 2,635,125 ABSTAIN: • 16

Items for Approval Resolution 2 Mrs Monica Ester Salter, who was appointed to the Board on 1 March 2019 to fill a casual vacancy under clause 69 of the Company’s Constitution, and being eligible for election is elected as a director of the company. The number of proxies for the resolution approving the appointment of Mrs Monica Salter being eligible as a director is: 27,980,069 FOR: • 1,923 OPEN: • 5,000 AGAINST: • 14,542,982 ABSTAIN: • 17

Items for Approval Resolution 3 Motion that, for the purposes of POMSoX Listing Rule 10.17, 10.17.1 and clause 71(2) of the Company’s Constitution, the maximum aggregate amount payable to Directors by way of Directors’ fees, will be increased by K250,000 from K250,000 to K500,000 per annum. The number of proxies for the resolution approving to increase the maximum director fee pool from K250,000 to K500,000 is: FOR: 23,472,865 • OPEN: 1,923 • AGAINST: 3,600,122 • ABSTAIN: 15,455,064 • 18

Items for Approval . Resolution 4 Motion that Deloitte be reappointed auditors of the company. The number of proxies for the resolution approving the acceptance of Deloitte as the Auditors for Kina Asset Management Ltd are: 42,528,051 FOR: • 1,283 OPEN: • 640 AGAINST: • Nil ABSTAIN: • 19

Items for Approval . Resolution 5 (a) the proposal to reinvest all unclaimed dividends and issue shares of an equivalent value to each affected shareholder (the Proposal ) is approved; (b) the Board may, at its discretion and subject to consideration of all matters it considers relevant in the circumstances, implement the Proposal. The number of proxies for the resolution approving the acceptance to reinvest unclaimed dividends in the form of issuing new shares are: • FOR: 42,528,051 • OPEN: 1,283 • AGAINST: Nil • ABSTAIN: 640 20

Items for Approval . Resolution 6 (a) the Amended DRP is approved for all purposes, including for the purposes of Rule 7.1 of the POMSoX Listing Rules; and (b) the DRP be revoked and replaced with the Amended DRP. The number of proxies for the resolution approving the acceptance of the amended DRP to replace the prior version are: • FOR: 42,004,586 • OPEN: 1,283 • AGAINST: Nil • ABSTAIN: 524,105 21

Q & A 22

Thank you for your attendance 23

DISCLAIMER The information in this press release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards its accuracy and completeness. No information in this press release shall continue an invitation to invest in Kina Asset management Limited or any of its affiliates. Neither Kina Asset Management Limited, nor their affiliates’ officer, employees or agents shall be liable for any loss, damage or expense arising out of action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss. 24