MARKET ANNOUNCEMENT Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com Date: Wednesday, 3rd September 2008 To: Subject: Australian Securities Exchange Presentation for UBS Conference Attached is the presentation delivered to the UBS Australian Conference today, 3 rd September 2008 in London. For further information contact: Mr Darren Murphy Head of Treasury and Investor Relations Ph +61-3-9415-5102 darren.murphy@computershare.com.au About Computershare Limited Computershare (ASX: CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial, governance and communication services. Many of the world s largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members. Computershare has over 10,000 employees across the world and serves 14,000 corporations and 100 million shareholders and employee accounts in 17 countries across five continents. For more information, visit www.computershare.com MARKET ANNOUNCEMENT
Computershare Limited Stuart Crosby Chief Executive Officer & President UBS Australian Conference 3 rd -4 th September 2008 London
Who is Computershare? Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial, governance and communication services Since floating in 1994, Computershare has grown, mostly by acquisition, along the value chain (from software to full service provision), laterally and geographically, nearly 100 fold We now serve 14,000 corporations and 100 million shareholder and employee accounts in 17 countries across five continents We have over 10,000 employees globally Our market capitalisation is approximately $5 billion, ranking in the top 50 Australian listed companies
Our key business lines Shareholder administration (registry/transfer agency) Employee equity incentive scheme administration Communications (was print and mail but now multi-channel) Proxy solicitation and corporate governance consulting Corporate trust services Fund administration Recently added business lines Wireless audience interaction services (IML) Entity management (CGS) Class action administration (Administar) Social services voucher administration (Busy Bees)
Where we operate
Revenue by country $544.1 $291.9 $222.6 $83.8 Revenue $USD millions $46.6 $23.0 $31.6 $71.2 $226.3 $25.3 Canada USA Australia HK India Russia Sth Africa Germany UK Other
Our strengths Strong and sustained earnings and cashflow growth More than 70% of revenue recurring in nature Diversified across business lines and globally across 17 countries including growth engines China, India and Russia 1 st or 2 nd in all registry markets we service Demonstrated ability to acquire and integrate businesses Proven technology capabilities and innovation Long term client relationships Only global provider, offering our clients and their investors unique cross-border transaction services
Historical financials Revenue $USD millions $1,582.5 $1,418.4 $1,214.7 $811.9 $599.8 $367.6 $428.0 $463.6 $9.2 $9.4 $11.5 $16.3 $91.2 $196.3 $235.2 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 Financial Year
Historical financials EBITDA $USD millions $479.2 $370.5 $240.1 $161.8 $126.3 $5.3 $6.0 $6.4 $8.0 $19.4 $37.5 $54.7 $76.9 $83.4 $89.4 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 Financial Year
Historical financials 60 EPS & dividend history (USD cents) 50 40 US$ cents 30 20 10 0 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 Financial Year EPS Dividend
Results highlights FY08 Management EPS of 51.61 cents, up 41% Management Net Profit After OEI of $290.4m, up 32% Operating cash flows of $347.3m, up 8% Total Operating Revenues of $1,582.5m, up 12% Operating Costs of $1,106.0m, up 5% Final Dividend of 11 cents (AUD) per share, up 22% Dividend franking 30% franked Note: all results are in USD except for dividend; all comparisons with FY07
Management EBITDA margin 30.3% 26.1% 19.6% 19.8% FY05 FY06 FY07 FY08 Operating Margin
Return on equity AGAAP AIFRS 40.20% 26.40% 19.40% 13.30% 15.10% 6.90% FY03 FY04 FY05 FY06 FY07 FY08 Return on equity
Key financial ratios times EBITDA interest coverage times Net Financial Indebtedness to EBITDA 14 12 12.1 11.9 11.5 3.0 2.5 2.48 10 8 6 4 8.7 2.0 1.5 1.0 1.68 0.94 1.64 2 0.5 0 FY05 FY06 FY07 FY08 0.0 FY05 FY06 FY07 FY08
Outlook Long-term growth in management EPS of 20% per year remains the target, to be achieved by a combination of organic growth and acquisitions, as well as balance sheet management Looking to FY09 and having regard to current equity, foreign exchange and interest rate market conditions, we expect Management EPS to be approximately 10% higher than FY08.
Acquisitions since July 2007 Name Cost (USD m) Country Type of Business Datacare 17.6 Ireland Governance software UMB 8.9 USA Investor Services Administar 33.4 USA Class action administration RSS 14.0 USA Governance software VEM 92.3 Germany Corporate actions bank Four Points small UK Audience interaction Ezicomms small Australia Audience interaction QMT 142.6 Australia Communication Services Machine Dreams small USA Audience interaction Strand 9.8 UK Electoral Services Audience Alive small South Africa Audience interaction NRC (+15%) small Russia Investor Services Busy Bees 175.0 UK Voucher administration
Our strategic focus Continue to drive operations quality and efficiency through measurement, benchmarking and technology Improve front office skills to protect and drive revenue Continue to seek acquisition and other growth opportunities where we can add value and enhance returns for our shareholders