Australian United Investment Company (AUI) investor relations material

Investment approach and performance

• Objectives: diversified quality Australian shares and a minority international portfolio, managed for medium- to long-term income and capital growth; reduce risk and sustain fully franked dividends when possible.

• Over 25 years to June 2026, $10,000 in NTA accumulation grew to $76,605, versus $70,714 in ASX200 accumulation.

Dividends

• Dividend growth rate was 4.1% excluding special dividends.

• Intention announced 20 August 2026 to declare an annual special dividend of 8 cents per share in each of the next three years, subject to unforeseen circumstances.

• From FY2027, payments shift from half-yearly to quarterly; indicative fully franked amounts are 9 cents for each of the first three quarters and 10 cents ordinary plus 8 cents special for the June quarter, subject to Board approval.

Merger and portfolio

• DUI merger implemented 30 April 2026; portfolio value $3.1bn, market capitalisation $2.6bn and international portfolio 10.5% at 30 September 2026.

• Stated merger benefits included increased scale, lower operating costs, diversification, higher post-tax NTA and improved liquidity.

• At 30 September 2026, allocations included banks and financials 30.7%, mining and energy 21.5%, consumer and communications 13.7%, and international 10.5%.

• FY26 acquisitions included Dexus and TPG Telecom; additions included Macquarie, Northern Star and Origin Energy. Since June, additions included ResMed, Stockland and TPG Telecom.