Nine Entertainment Co. Holdings Limited · ASX:NEC
Nine Entertainment — Shareholder Meeting (November 2015)
26 slides from Nine Entertainment's shareholder meeting presentation, Nov 17, 2015
Slide 1: Annual General Meeting Addresses and Presentation
For personal use only 17 November 2015 The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam Annual General Meeting Addresses and Presentation Nine Entertainment Co. (ASX: NEC) is holding its Annual General Meeting in Sydney today, commencing a
Slide 2: Chairman's Address – Mr David Haslingden
ANNUAL GENERAL MEETING For personal use only Chairman’s Address – Mr David Haslingden 2015 was a busy year for Nine Entertainment, with the two key milestones being the sale of Nine Live, which was announced in April this year, and the launch of our SVOD joint venture with Fairfax, Stan, in January.
Slide 3: Chairman's Address (continued)
The growth of internet delivered media has changed the way people use media of all kinds and over For personal use only the past month, we have been meeting with our major customers and discussing our plans for the future. We have outlined a world where there is more Nine premium content and where i
Slide 4: Chairman's Address (continued)
During the year, the Board progressed both its short and long term incentive plans for the company’s For personal use only Key Management Personnel. I am confident that these changes will provide a clear link between shareholder returns and executive remuneration, whilst ensuring the Company is able
Slide 5: Chairman's Address (conclusion) and contacts
Before we commence the formal business of the meeting, I would like to ask both David Gyngell and For personal use only Hugh Marks to say a few words. Sydney, Australia 17 November 2015 Further information: Nola Hodgson Victoria Buchan Head of Investor Relations Director of Communications +61 2 9965
Slide 6: Chief Operating Officer's Address – Mr Simon Kelly
ANNUAL GENERAL MEETING For personal use only Chief Operating Officer’s Address – Mr Simon Kelly Our 2015 EBITDA of $287m was consistent with our June 2015 guidance, but was 7.6% down on FY14. Net Profit After Tax of $140m was impacted by net Specific Items of $732m, which were mainly non-cash. Opera
Slide 7: Chief Operating Officer's Address (continued)
For personal use only Digital revenue growth of 33% was driven by double digit increases in both Search and Video. This was partially offset by a decline in display ad revenue, as fragmentation of this space continued to erode the share of the larger players. Rigorous cost controls offset the margin
Slide 8: Annual General Meeting November 2015
For personal use only Annual General Meeting 17 November 2015
Slide 9: Disclaimer
Disclaimer For personal use only Important notice and disclaimer NEC’s actual results to differ materially from the plans, objectives, This document is a presentation of general background information expectations, estimates and intentions expressed in such forward about the activities of Nine Enter
Slide 10: Chairman's Address
For personal use only Chairman’s Address David Haslingden
Slide 11: Formal Business
For personal use only Formal Business
Slide 12: Item 1: Financial report
Item 1: Financial report For personal use only To receive and consider the Financial Report of the Company for the year ended 30 June 2015, together with the Directors’ Report and the Auditor’s Report as set out in the Annual Report Note: There is no voting applicable to this item of business. 5
Slide 13: FY15 result - in line with guidance
FY15 result - in line with guidance For personal use only Reported Pro Forma $m FY15 FY141 Variance Revenue 1,610.1 1,569.9 +2.6% Guidance of Group EBITDA 287.3 311.0 -7.6% $285m-$290m NPAT, before Specific Items 140.1 144.2 -2.9% Specific Items, after Tax (732.2) (80.5) nm Reported NPAT (592.2) 63.
Slide 14: Impact of Specific Items
Impact of Specific Items For personal use only Actual $m FY15 Non-cash impairment charge (791.8) Inventory write-off / onerous contract provision (57.4) Net other 1.9 Total Specific Items before tax (847.3) Tax impact of Specific Items 14.1 Sale of Nine Live tax impact 101.0 Net Specific Items after
Slide 15: Solid result in a challenging ad market
Solid result in a challenging ad market For personal use only Continuing Pro Adjusted Metro FTA market down 1.5%, businesses Forma Pro Forma share +0.2 pts to 38.9%, $m FY15 FY141 Variance Regional market down 3.2% Revenue Network 1,207.9 1,221.2 -1.1% Digital 163.4 122.7 +33.2% Double digit growth
Slide 16: Item 1: Financial report
Item 1: Financial report For personal use only To receive and consider the Financial Report of the Company for the year ended 30 June 2015, together with the Directors’ Report and the Auditor’s Report as set out in the Annual Report Note: There is no voting applicable to this item of business. 9
Slide 17: Resolution 1: Adoption of the Remuneration Report
Resolution 1: Adoption of the Remuneration Report For personal use only To consider and, if thought fit, pass the resolution as a non- binding resolution: “That the Remuneration Report for the year ended 30 June 2015 as set out in the 2015 Annual Report be adopted.” Note: The vote on this Resolution
Slide 18: Resolution 1: Adoption of the Remuneration Report
Resolution 1: Adoption of the Remuneration Report For personal use only Proxy Count Number For 534,548,942 80.14% Against 122,728 0.02% Open 132,364,154 19.84% Open Proxies held by Board 185,936 11 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 19: Resolution 2: Election of Ms Holly Kramer as a Director
Resolution 2: Election of Ms Holly Kramer as a Director For personal use only To consider and, if thought fit, pass the resolution as an ordinary resolution: “That Ms Holly Kramer, who was appointed a Director of the Company by the Board, and is required to seek election in accordance with clause 26
Slide 20: Ms Holly Kramer
For personal use only Ms Holly Kramer
Slide 21: Resolution 2: Election of Ms Holly Kramer as a Director
Resolution 2: Election of Ms Holly Kramer as a Director For personal use only Proxy Count Number For 535,109,634 80.13% Against 342,103 0.05% Open 132,377,167 19.82% Open Proxies held by Board 198,949 14 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 22: Resolution 5: Approval to extend the on-market share buy-back
Resolution 5: Approval to extend the on-market share buy-back For personal use only To consider and, if thought fit, pass the resolution as an ordinary resolution: “That, for the purposes of section 257C of the Corporations Act 2001 (Cth) and for all other purposes, the Company is authorised to cond
Slide 23: Resolution 5: Approval to extend the on-market share buy-back
Resolution 5: Approval to extend the on-market share buy-back For personal use only Proxy Count Number For 534,500,465 80.04% Against 955,641 0.14% Open 132,370,017 19.82% Open Proxies held by Board 191,799 16 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 24: Summary of proxy positions
Summary of proxy positions For personal use only Resolution 1 Remuneration Resolution 2 Resolution 5 Proxy Count Report Holly Kramer Buy-back For 80.14% 80.13% 80.04% Against 0.02% 0.05% 0.14% Open 19.84% 19.82% 19.82% Open Proxies held by 0.03% 0.03% 0.03% Board 17 % defined as % of Total Valid Ava
Slide 25: Q&A
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Slide 26: For personal use only
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