Annual Shareholders Meeting 2017

Transcription

1 Annual Shareholders Meeting 207

2 Sue Sheldon Chairman

3 Agenda HADLIN HADLIN HADLIN. Chairman s Introduction 2. Managing Director s Review and Trading Update 3. Resolutions

4 General Highlights Strength of underlying volume growth and margins in the xpress Package & Business Mail division Completion of significant projects to budget and within timetable that ensure important future capacity for both divisions xecution of robust contingency plans that ensured least possible service disruption to customers, as a result of the North Canterbury earthquake Performance of our Information Management businesses; other than TIMG Australia, which demonstrated improved results in the second half of the year

5 Financial Highlights HADLIN HADLIN HADLIN Note 207 $M 206 $M Increase % Revenue BITA (before non-recurring items) (i) Non-recurring items 3.7 (6.3) BITA (ii) NPAT (before non-recurring items) (iii) Non-recurring items after tax 4.3 (4.6) NPAT (iv) Basic PS (cents) (before non-recurring items) NOTS (i) Operating profit before interest, tax and amortisation, before non-recurring items (ii) Operating profit before interest, tax and amortisation (iii) Net profit after tax (NPAT), before non-recurring items (iv) Profit for the year attributable to the shareholders

6 xpress Package & Business Mail HADLIN HADLIN HADLIN Jun-7 $M Jun-6 $M Change Operating Revenue % BITDA* % BITA* % BITA Margin* 6.2% 6.8% * xcluding non-recurring items

7 Information Management HADLIN HADLIN HADLIN Jun-7 $M Jun-6 $M Change Operating Revenue % BITDA* (.5)% BITA* (2.7)% BITA Margin* 9.2% 20.8% * xcluding non-recurring items

8 Final Dividend HADLIN HADLIN HADLIN Final dividend: 4.75 cps Imputation credits: cps (at 28% tax rate) Supplementary dividend: cps Record date: 5 September 207 Payment date: 2 October 207 No DRP was offered in respect of this dividend

9 Corporate Governance HADLIN HADLIN HADLIN New NZX Corporate Governance Code A small number of new policies and new disclosures are required FR will be in compliance with this new Code by the required date of 30 June 208

10 Dean Bracewell Managing Director HADLIN HADLIN HADLIN

11 Agenda HADLIN HADLIN HADLIN. Industry Overview and Business Description 2. Business Strategy 3. Trading Update 4. Outlook

12 xpress Package & Business Mail HADLIN HADLIN HADLIN

13 xpress Package & Business Mail Network Courier Point-to-Point Business Mail Support HADLIN HADLIN HADLIN

14 Information Management HADLIN HADLIN HADLIN

15 Information Management HADLIN HADLIN HADLIN Manage Transform Destroy Archive Security Imaging & document capture Secure destruction DataBank & Data Security Automated accounts payable edestruction FileSaver Workflow Solutions Product destruction Secure Distribution Services Digital mailroom Paper recycling LitSupport Bureau Services LitSupport - ediscovery

16 Business Strategy HADLIN HADLIN HADLIN

17 Business Strategy HADLIN HADLIN HADLIN xecute organic growth opportunities - Positioning, People, Performance, Profit Diversification by industry Diversification by geography xecute complementary acquisition and alliance opportunities

18 Trading Update HADLIN HADLIN HADLIN

19 Operating Revenue HADLIN HADLIN HADLIN $M Year nded 30 June 2 nd Half st Half

20 BITA HADLIN HADLIN HADLIN $M Year nded 30 June 2 nd Half st Half

21 Consolidated Financial Performance Quarter ended: HADLIN HADLIN HADLIN Sep-7 $000 Sep-6 $000 Increase Operating Revenue 43,236 33, % BITDA* 26,938 25,97 8.% BITA* 23,56 22,37 6.4% NPATA* 5,55 4, % NPAT* 5,05 4,48 6.4% * xcluding non-recurring items

22 xpress Package & Business Mail HADLIN HADLIN HADLIN Quarter ended: Sep-7 $000 Sep-6 $000 Increase Operating Revenue 05,340 98,28 7.3% BITDA 8,85 7,37 5.0% BITA 6,537 6,59 2.3% BITA Margin 5.7% 6.5%

23 Information Management HADLIN HADLIN HADLIN Quarter ended: Sep-7 $000 Sep-6 $000 Increase Operating Revenue 38,379 35, % BITDA* 9,245 7, % BITA* 7,923 6, % BITA Margin* 20.6% 8.9% * xcluding non-recurring items

24 Outlook HADLIN HADLIN HADLIN

25 Outlook HADLIN HADLIN HADLIN The markets in which Freightways operates in remain positive Increased volume and activity evident in this trading update has provided a sound start to the 208 financial year Freightways continues to target year-on-year earnings growth xpress Package & Business Mail: Investment in capacity will be made in both airfreight and premises to accommodate current volumes and growth Information Management: Better results currently being achieved at TIMG Australia are expected to continue to contribute to the overall positive performance of this division Capital expenditure of approximately $4 million will be invested to support growth initiatives. Cash flows expected to remain strong throughout 208 Strategic growth opportunities, including acquisitions and alliances, will be executed where they make commercial sense

26 Dean Bracewell HADLIN HADLIN HADLIN

27 Achievements since listing in 2003 HADLIN HADLIN HADLIN Compound Annual Growth Rate (CAGR): 5% p.a. Total Shareholder Return (TSR): >600% Share Price $7.60 Market Capitalisation $.2B Assets $0.5B $.60 $0.2B $0.2B

28 KIA ORA, WLCOM Questions

29 Resolutions HADLIN HADLIN HADLIN Re-election of Directors Approval of Directors Fees Authority to fix Auditor s Remuneration

30 Annual Shareholders Meeting 207