Air New Zealand Limited · NZX:AIR
Air New Zealand — Shareholder Meeting (September 2008)
19 slides from Air New Zealand's shareholder meeting presentation, Sep 24, 2008
Slide 1: Annual Meeting 2008
AIR NEW ZEALAND For personal use only ANNUAL MEETING 2008 1 2008 ANNUAL SHAREHOLDER MEETING
Slide 2: Annual Meeting
ANNUAL MEETING For personal use only • Chairman’s Address • Chief Executive’s Address • Item 1: To re-elect John Palmer • Item 2: To re-elect Roger France • Item 3: To elect Paul Bingham • General discussion 2 2008 ANNUAL SHAREHOLDER MEETING
Slide 3: Annual Meeting 2008
AIR NEW ZEALAND For personal use only ANNUAL MEETING 2008 3 2008 ANNUAL SHAREHOLDER MEETING
Slide 4: Highlights
HIGHLIGHTS For personal use only • Record operating revenue, up 9% • Normalised earnings* $197m • Net cash position of $1.3bn • Launched direct service to Vancouver and Beijing • Award winning product and service • Revenue per employee improved by 4% * Normalised Earnings before unusual items and ta
Slide 5: Dividends
DIVIDENDS For personal use only • Annual dividend normal dividend of 8.5 cps • Total shareholder distributions of $90 million 5 2008 ANNUAL SHAREHOLDER MEETING
Slide 6: The Year Ahead
THE YEAR AHEAD For personal use only • Jet fuel price easing, but NZ dollar weakening • Softening demand • Strong financial position • Modest capex profile over next 18 months • Continued review of operations 6 2008 ANNUAL SHAREHOLDER MEETING
Slide 7: Investing for the Future
INVESTING FOR THE FUTURE For personal use only • Average fleet age 6.8 years • Winglets to be fitted on B767 fleet • Zonal dryers to be installed on all wide body jets • Boeing 777-300ERs arrive in 2010 and 2011 • Boeing 787-9s arrive in 2012 onwards 7 2008 ANNUAL SHAREHOLDER MEETING
Slide 8: Outlook
OUTLOOK For personal use only • Volatile trading conditions • Competitive strength in core markets Based on the existing hedging policy and network plan, in the current market conditions Air New Zealand expects to operate profitably, on a Normalised Earnings basis, if the average price of jet fuel i
Slide 9: Annual Meeting 2008
AIR NEW ZEALAND For personal use only ANNUAL MEETING 2008 9 2008 ANNUAL SHAREHOLDER MEETING
Slide 10: Matching Supply to Demand
MATCHING SUPPLY TO DEMAND For personal use only • Proactive gauge and frequency changes • Network changes and rationalisations • Disciplined revenue management systems • No wide body deliveries in next 18 months • Growing non-airline revenue 10 2008 ANNUAL SHAREHOLDER MEETING
Slide 11: Environment
ENVIRONMENT For personal use only • Being world’s leading airline on environmental sustainability – Biofuels development – Fuel efficiency innovations – Environmental Management System – Voluntary carbon off-set programme – Air New Zealand Environmental Charitable Trust 12 2008 ANNUAL SHAREHOLDER ME
Slide 12: Annual Meeting 2008
AIR NEW ZEALAND For personal use only ANNUAL MEETING 2008 13 2008 ANNUAL SHAREHOLDER MEETING
Slide 13: Questions: Company Performance
QUESTIONS For personal use only COMPANY PERFORMANCE 14 2008 ANNUAL SHAREHOLDER MEETING
Slide 14: Resolutions
RESOLUTIONS For personal use only • Item 1: To re-elect John Palmer • Item 2: To re-elect Roger France • Item 3: To elect Paul Bingham 15 2008 ANNUAL SHAREHOLDER MEETING
Slide 15: Item 1: Re-elect John Palmer
ITEM 1 For personal use only • Item 1: To re-elect John Palmer • Item 2: To re-elect Roger France • Item 3: To elect Paul Bingham 16 2008 ANNUAL SHAREHOLDER MEETING
Slide 16: Item 2: Re-elect Roger France
ITEM 2 For personal use only • Item 1: To re-elect John Palmer • Item 2: To re-elect Roger France • Item 3: To elect Paul Bingham 17 2008 ANNUAL SHAREHOLDER MEETING
Slide 17: Item 3: Elect Paul Bingham
ITEM 3 For personal use only • Item 1: To re-elect John Palmer • Item 2: To re-elect Roger France • Item 3: To elect Paul Bingham 18 2008 ANNUAL SHAREHOLDER MEETING
Slide 18: Questions: General Discussion
QUESTIONS For personal use only GENERAL DISCUSSION 19 2008 ANNUAL SHAREHOLDER MEETING
Slide 19: Annual Meeting 2008
AIR NEW ZEALAND For personal use only ANNUAL MEETING 2008 20 2008 ANNUAL SHAREHOLDER MEETING
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