Whitefield Industrials Limited (WHF) investor relations material

Strategy overview and performance

• Whitefield Income has a nearly five-year track record, with seven months as a listed entity and four years as an unlisted fund.

• The strategy focuses on ASX 300 equities, rotating into companies during peak income and dividend cycles to maximize returns.

• Regular monthly franked dividends commenced in April, delivering on the objective of consistent income.

• Net profit after tax for the first seven months was $7.9 million, translating to 4.9¢ earnings per share.

• Income patterns remain consistent with prior years, supporting the strategy's reliability.

Dividend and asset backing

• Dividends are paid at a rate equating to 8% (including franking credits) of the IPO price, as anticipated.

• Asset backing increased from $1.25 at IPO to $1.26 at year-end and $1.30 by July.

• Net asset backing growth reflects income generation, tax, expenses, and dividend payouts.

Investment performance and portfolio rotation

• Gross income since IPO was 6.5%, with a rolling year at 11.4%, and total return for the year at 18.8%, outperforming the ASX 300 Equal Weight Index by over 7%.

• Share price total return since IPO was just under 10% over seven months.

• The portfolio actively rotates sector exposures to capture dividend cycles, with recent emphasis on real estate investment trusts.

• Sector rotation is both seasonal and responsive to changing market opportunities.