Eqt Holdings Ltd. · ASX:EQT
Eqt — Equity Trustees — Shareholder Meeting (October 2006)
32 slides from Eqt's shareholder meeting presentation, Oct 27, 2006
Slide 1: Chairman's Address AGM 2006
EQT RELEASE a 3 = Trustees Equity Trustees Limited Chairman's Address AGM 2006 Fellow shareholders, ladies and gentlemen. It gives me great pleasure to welcome you to the 151° general meeting of Equity Trustees Limited. We have a quorum present and | declare the meeting open. On the basis that the N
Slide 2: Chairman's Address: 2006 profit and dividend
PUSTCCS EQT RELEASE a 3 = Our pre-tax operating profit was up by 58% to $6.6m. On an after-tax basis, net profit was $5.2m, an increase of 52% on the prior year’s result. These numbers represent record levels of profitability for our business and are results of which all involved at Equity Trustees
Slide 3: Chairman's Address: market capitalisation and 2007 start
PUSTCCS i EQT RELEASE The increase in share price is contributing to what is a considerable increase in the company's market capitalisation as you can see on this slide. From a level of just over $31m at the end of the 2003 financial year, that figure has more than quadrupled in the three years sinc
Slide 4: Chairman's Address: Board changes and close
PUSTCCS EQT RELEASE a 3 = Finally, | would like to confirm that there is one member fewer on our Board than has been the case in recent years. Mr Ross Illingworth, a non-executive director of Equity Trustees since 2003, tendered his resignation on 31 August. Ross was an active member of our Board an
Slide 5: 151st General Meeting
‘Trustees ¢ 1888 1515¢ General Meeting Equity Trustees Limited 2/7 October 2006
Slide 6: Agenda
a Agenda 1) 2006 overview and highlights Mr Philip Molyneux Chairman Trustees 2) Operational performance Mr Peter Williams Managing Director 3) Items of ordinary business Mr Philip Molyneux Chairman ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 7: Profitability
oe] oe] fee) = ® O & 77) SB 2 5 Ne jm Profitability 2005 & 2006 resulis are calculaied in accordance with A-iFRS policies Lstees $m . 807 Operating Profit (pre-tax) ™ Net Profit after Tax $6.624m +884, 80 $5.156m 2% bo oO $3.403m 20 $2.811m Excludes gains from the sale of investments: 00 2003 2004 2
Slide 8: Earnings per share
a Earnings per share Trustees eps * Growth in EPS is post impact AEP, ” ~ of capital raising conducted , in late 2005 * Capital raising increased the weighted average numbers of shares on issue by 14.8% Represents basic earnings per share calculation 2003 2004 2005 2006 : + Weighted average shares o
Slide 9: Returns to shareholders
pe Returns to shareholders Trustees Dividends per share (¢) Trusted since 1888 * Dividends remain fully franked @ 30% tax rate * Dividend payout ratio is at the upper end of the stated target range — being 60-80% of Operating Profit after Tax ~ DPS (Total) DPS (Final) DPS (Interim)
Slide 10: Share price since last AGM
a Share price since last AGM oe] oe] fee) = ® O & 77) SB 2 5 Ne jm Trustees $22.00 $20.00 $18.00 $16.00 $14.00 Closing price (26/10/2006) = $19.35 30 June 2006: $18.50 ee 2005 AGM: $12.70 12 mth high: $20.70 (14815 Sep 20064, $12.00 12 mth low: “> Weaithpac $11.01 settlement $10.00 {6 Jan 2006) s &
Slide 11: Market capitalisation
Market capitalisation 30 June 30 June 30 June hare price Market capitalisation *Capital raising in late 2005 added approx 1.1m shares to capital base At 26/10/2006 closing price of $19.35 market capitalisation is $148.8m Trusted since 1888
Slide 12: 2007 YTD
pe 2007 YTD Ae Unaudited revenue from management results for quarter ending 30 September 2006: ] 06/07 | 2005/06 Revenue - Revenue up 30% - Expenses in line with budget and continue to be well managed - Outlook good. Market movements in funds and securities will influence final result oe] oe] fee) =
Slide 13: Community involvement
a Community involvement Trustees Equity Trustees’ Pope’s Eye Cup Couta Boats eM Financial Planning (Couta ) o Institute of Australia nar = Bones @ ¢ Law Institute of — Victoria ” Equity Trustees’ ORCHESTRA ne} Counterstroke Golf VICTORIA @ Classic H ( Strokesafe _ for life. See jm
Slide 14: Community involvement: Not For Profit CEO awards
a Community involvement 4@ Trustees Not For Profit CEO awards | 1 oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 15: Agenda
Agenda 1) 2006 overview and highlights Mr Philip Molyneux Chairman Trustees 2) Operational performance Mr Peter Williams Managing Director 3) Items of ordinary business Mr Philip Molyneux Chairman ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 16: Operating margin
Operating margin | ‘Trustees 2004 2005 vs Operating $16.8m ; ; +18% Byres revenue Operating $13.7m ; . +14% Beaty expenses a Operating $3.1m . . +36% Bry profit Operating 18.4% margin * Margin growth derived mainly from revenue growth * Revenue growth across all business units * Responsible cost con
Slide 17: Share of operating revenue
Share of operating revenue 2006 Trustees 19% Superannuation 32% Funds Management 23% Fund Services 26% Private Clients ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 18: Support services
Support services ¢ Continued people focus — attracting and retaining the right staff Trustees * Development of executive and management teams — identification and use of talent ¢ IT systems integration across business * Process improvement to support growth in all business lines ¢ Marketing focus —
Slide 19: Positioning
a Positioning Well positioned for growth *9% mandated « Favourable tax changes * Master-trust & RSE exposure « Focus on wealth management Ageing population * Need for trusted advisors « Increasing complexity of estates « Spread of asset classes Funds management * Mix of globals and boutiques * Sound
Slide 20: Strategy update
a Strategy update ¢ Company looking to grow through merger and / or acquisition opportunities Trustees ¢ Focus on right opportunity — will not pursue unless benefit is anticipated for stakeholders «Executive and staff focussed on improving profitable growth oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 21: Company marketing
Company marketing Trustees = ae 4 i a i Grange ABS SERGE aie, www.eqt.com.au ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 22: Summary
a Summary ¢ Very good all-round performance in 2006 ¢ Growth across all business units Trustees ¢ Support units improving processes ¢Good start to 2007 ¢ Looking to external growth opportunities in 2007 oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 23: Agenda
a Agenda 1) 2006 overview and highlights Mr Philip Molyneux Chairman Trustees 2) Operational performance Mr Peter Williams Managing Director 3) Items of ordinary business Mr Philip Molyneux Chairman ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 24: Item: Financial Statements and Reports
Item 1 To receive and consider the Financial Statements and the Reports of the Directors and the Auditors for the year ended 30 June, 2006 ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 25: Item: Adopt Remuneration Report
Item 2 To adopt the Remuneration Report for the year ended 30 June, 2006 oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 26: Remuneration Report voting results
pa Item 2 | To adopt the Remuneration Report for the year ended 30 June 2006 For Against 1,856,191 65,915 Open = 2,338,600 oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 27: Item 3(a): Re-election of David Groves
Item 3(a) Re-election of Mr David Frederick Groves as a Director Trustees Mr David Frederick Groves retires in accordance with Rule 73(1) of the company’s Constitution and, being an eligible person, offers himself for re-election oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 28: Item 3(a): voting results
a Item 3(a) Re-election of Mr David Frederick Groves as a Director Trustees For Against 2,029,170 0 Open = 2,276,993 ie] 0 c€ = ® .<) & 2) xe) 2 m See fm
Slide 29: Item 3(b): Re-election of John McConnell
pe Item 3(b) Re-election of Mr John Roland McConnell as a Director Mr John Roland McConnell retires in accordance with Rule 73(1) of the company’s Constitution and, being an eligible person, offers himself for re-election Trustees oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 30: Item 3(b): voting results
a Item 3(b) Trustees Re-election of Mr John Roland McConnell as a Director For Against 1,949,009 0 Open = 2,338,600 oe] oe] fee) = ® O & 77) SB 2 5 Ne jm
Slide 31: 151st General Meeting Equity Trustees Limited
Trustees Trusted since 1888 1515* General Meeting Equity Trustees Limited
Slide 32: Trusted since 1888
Trusted since 1888