Air New Zealand Limited · NZX:AIR
Air New Zealand — Shareholder Meeting (September 2018)
24 slides from Air New Zealand's shareholder meeting presentation, Sep 26, 2018
Slide 1: Annual Shareholders' Meeting 26 September 2018
p< AIR NEW ZEALAND %o_ ANNUAL SHAREHOLDERS’ MEETING 26 SEPTEMBER 20 NZX: AIR | ASX:AIZ | US OTC: ANZFY
Slide 2: For personal use only
For personal use only 2
Slide 3: Board of directors
For personal use only Tony Carter Paul Bingham Rob Jager Dame Therese Walsh Sir John Key3
Slide 4: Meeting agenda
Meeting agenda For personal use only • Chairman’s address • CEO’s address • Questions on 2018 performance and 2019 outlook • Resolutions • General discussion and questions 4
Slide 5: Our second-highest result in the airline's 78-year history
Our second-highest result in the airline’s 78-year history For personal use only Earnings before taxation $663M $527M $540M $474M $358M 2014 2015 2016 2017 2018 5
Slide 6: 2018 financial highlights
2018 $5.5b For personal use only Operating revenue financial highlights $540m Earnings before taxation $1.0b Operating cash flow 14.5% Pre-tax return on invested capital 6
Slide 7: Balance sheet remains strong
Balance sheet remains strong For personal use only $1.3b Cash on hand 52.4% Gearing Baa2 Investment grade credit rating 7
Slide 8: Delivering strong dividends for our shareholders
Delivering strong dividends for our shareholders For personal use only Ordinary dividends declared 21 cps 22 cps 20 cps 16 cps 10 cps 2014* 2015 2016* 2017 2018 *Does not include special dividends, which were declared in 2014 (10.0 cents per share) and 2016 (25.0 cents per share) 8
Slide 9: 2019 Outlook
2019 Outlook For personal use only Based upon current market conditions and assuming an average jet fuel price of US$85 per barrel, 2019 underlying earnings before taxation is expected to be in the range of $425 million to $525 million This excludes an estimated $30 million to $40 million impact fro
Slide 10: Chief Executive Officer Christopher Luxon
Chief Executive Officer Christopher Luxon 10
Slide 11: A resilient business model providing strong results in all market conditions
A resilient business For personal use only model providing strong results in all market conditions 11
Slide 12: Reinvesting in the customer experience
Reinvesting in the customer For personal use only experience 12
Slide 13: Positive market dynamics
Positive market dynamics For personal use only ANTICIPATING AN ADDITIONAL ONE MILLION CUSTOMERS A YEAR TO 2020 13
Slide 14: 2019 capacity will increase 4% to 6%
2019 capacity will increase 4% to 6% For personal use only NORTH AMERICA EUROPE ASIA PACIFIC ISLANDS SOUTH AMERICA TASMAN DOMESTIC 14 14
Slide 15: For personal use only
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Slide 16: Our success is linked to the success of New Zealand
Our success is linked to the success of New Zealand For personal use only 16
Slide 17: Questions on 2018 performance and 2019 outlook
For personal use only Questions on 2018 performance and 2019 outlook 17
Slide 18: Resolutions
For personal use only Resolutions 18
Slide 19: Proxies and postal votes received
Proxies and postal votes received (as at 24 September 2018) For personal use only Proxy votes Postal votes Resolution For Against Abstain Discretion For Against Abstain Resolution 1: Re-election of 349,100,604 11,407,200 2,019,335 583,680,786 1,198,420 20,730 37,393 Tony Carter Resolution 2: Re-elec
Slide 20: Resolution: Antony (Tony) Carter
RESOLUTION NO Antony (Tony) Carter
Slide 21: Re-election of Robert (Rob) Jager
Re-election of Robert (Rob) RESOLUTION NO. 2 Ajuo @sn feuosis¢ 21
Slide 22: General discussion and questions
For personal use only General discussion and questions 22
Slide 23: For personal use only
For persomaljuse only y_ 23
Slide 24: Air New Zealand, a Star Alliance member
For personal use only Le AIR NEW ZEALAND \‘o_ A A STAR ALLIANCE MEMBER Ys
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