Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (November 2007)
17 slides from Tabcorp's shareholder meeting presentation, Nov 26, 2007
Slide 1: Tabcorp - the bigger better game
Qc Tabcorp the bigger better game
Slide 2: Tabcorp Holdings Limited 2007 Annual General Meeting - Chairman
For personal use only Tabcorp Holdings Limited 2007 Annual General Meeting Michael Robinson Chairman Monday 26 November 2007 2
Slide 3: 2007 review
2007 review For personal use only ¾ Unacceptable 2007 financial performance ¾ New CEO to address challenges ahead ¾ Tabcorp is a solid business and we can run it better ¾ Full year dividend of 94 cents ¾ Strong shareholder returns since privatisation AGM 2007 3
Slide 4: Shareholder returns
Shareholder returns For personal use only Tabcorp accumulated returns ($1,000 initial investment) $14,000 $13,000 $12,000 $11,346 $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $5,287 $4,000 $3,000 $2,000 $1,000 $0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Ta bc orp a
Slide 5: Increasing dividend stream
Increasing dividend stream For personal use only (cents per share fully franked) 100 90 80 70 60 50 40 30 20 10 0 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 AGM 2007 5
Slide 6: Contributions to industry and community
Contributions to industry and community For personal use only ¾ Income of $523 million generated for the Victorian and New South Wales racing industries ¾ Contributed $86.1 million to state community benefit funds in Australia AGM 2007 6
Slide 7: Tabcorp - the bigger better game
Qc Tabcorp the bigger better game
Slide 8: 2007 Annual General Meeting - Managing Director and CEO
For personal use only Tabcorp Holdings Limited 2007 Annual General Meeting Elmer Funke Kupper Managing Director and Chief Executive Officer Monday 26 November 2007 8
Slide 9: World class assets
World class assets For personal use only Casinos Wagering Gaming Brands Footprint Four properties: Leading operator: Vic gaming: • 400 tables • 2,650 outlets • 13,750 EGMs • 4,500 EGMs • 700k customers • 265 venues • 1,400 hotel rooms • Sky Channel/2KY • 400k monthly players • 44 restaurants, bars •
Slide 10: 2007 financial results
2007 financial results For personal use only Actual Normalised2 $m 12 months to Change 12 months to Change 30 Jun 07 on pcp 30 Jun 07 on pcp Operating revenue 3,837.1 1.5% 3,881.7 3.2% Net operating expenses (1,008.8) 9.1% (1,008.8) 9.1% NPAT 487.5 (10.9%) 515.6 (3.8%) Non-recurring items1 (37.1) Re
Slide 11: Casinos – 2007 highlights
Casinos – 2007 highlights For personal use only ¾ Performance ¾ Operating revenue $1,335.9m, up 1.9% ¾ EBIT $386.2m, down 5.1% ¾ Queensland smoking bans ¾ Strong Main Gaming Floor, IRB market share up to 29%, EGM market share gains in Queensland ¾ Key developments ¾ $53m Jupiters Gold Coast refurbis
Slide 12: Wagering – 2007 highlights
Wagering – 2007 highlights For personal use only ¾ Performance ¾ Operating revenue $1,466.2m, up 4.4% ¾ EBIT $253.7m, down 5.5% ¾ Vic and Sportsbetting performing strongly, NSW weaker ¾ Key developments ¾ New product and customer focus ¾ NSW retail distribution program; need for industry reform ¾ Ne
Slide 13: Gaming – 2007 highlights
Gaming – 2007 highlights For personal use only ¾ Performance ¾ Operating revenue $1,081.8m, up 3.4% ¾ EBIT $262.1m, up 1.0% ¾ Product leadership and continued market share growth ¾ Key developments ¾ Continued product leadership ¾ Successful transition to smoke-free environment ¾ Keno expansion in t
Slide 14: Victorian licence renewal
Victorian licence renewal For personal use only Process – current expectation ¾ Post-2012 Wagering and Gaming industry structures announced by end 2007 ¾ Process to award licences will follow this announcement Tabcorp is a world leader in Wagering and Gaming ¾ Customers Product and distribution le
Slide 15: Outlook
Outlook For personal use only ¾ 2008 will be another challenging year for Tabcorp ¾ Improvements Expense growth will be contained Benefits from operational and customer initiatives ¾ Financial outlook Prior to EI, 2008 outlook was flat with tougher first half Full EI impact approximately $30
Slide 16: For personal use only
For personal use only 16
Slide 17: For personal use only
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