Eqt Holdings Ltd. · ASX:EQT
Eqt — Equity Trustees — Shareholder Meeting (November 2004)
12 slides from Eqt's shareholder meeting presentation, Nov 26, 2004
Slide 1: 2004 AGM
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Slide 2: 2004 Result
~ is ~ 7] 7) ® = Ww = a] ” o ® —_ ” - = - > = pm) io LL Equity Trustees ‘Trustec 2004 RESULT Trading Revenue Growth — 17% Expenses Down Strong Underlying Business
Slide 3: Financial Progress
~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > Some - > = = (oz Lu Financial Progress ‘Trustec $000 2001* 2002* 2003 2004* Prima facie profit before tax 1,949 4,941 3,039 Adjustments: Profit on sale of building (2,990) Profit on sale of shares (1,201) (561) (685) Goodwill Written off 280 250 CBF Refunded in
Slide 4: Merging Business with ANZET
7 Merging Business with ANZET ‘Trustec Heads of Agreement October 2004 — 37.5% share capital to ANZ — 2 Directors to Equity Board EGM early 2005 EPS positive Largest in charitable funds in Australia Positive reaction by market = c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > Some - > = = (oz Lu
Slide 5: EGM
EGM ‘Trustec ¢ Business — Alter constitution to allow 37.5% shareholder —I|Increase number of directors —Phase out retirement fees —Increase Director fees —Long — term Incentive Plan ~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > See - > = = (oz Lu
Slide 6: Looking Ahead
Looking Ahead ‘Trustec Business Merger Steps ¢ Package to shareholders — Independent expert report — Proposed motions ¢ Regulatory approval in all states ¢ Support of shareholders important ~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > Some - > = = (oz Lu
Slide 7: Looking Ahead
Looking Ahead ‘Trustec Dividend Reinvestment Plan Change of pricing basis: Was — 5 EQT share trading days prior to Dividend Announcement date Now — 5 EQT share trading days after Record Date ~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > See - > = = (oz Lu
Slide 8: Progress
7 Progress Year to Date ‘Trustec Private Clients * Good underlying client/beneficiary base ¢ Investment results for clients have been good ¢ Last to benefit from system changes Funds Management ¢ More funds on approved lists ¢ Lower margin compared with 2004 financial year ¢ Net funds flow for first
Slide 9: Progress cont...
7 Progress Year to Date cont... RE/Funds Services ¢ Activity level continues ¢ Good client fees coming through new business Superannuation ¢ Wealthpac Master Trust — steady growth Continues as “Fund of Funds’ with 4 investment choice options ~ is ~ 7] 7) ® = Ww = a] ” o ® —_ ” - = - > = pm) io LL ‘T
Slide 10: Progress cont...
7 Progress Year to Date cont... ‘Trustec IT ¢ 80% completion towards a single platform to replace the old 4 disparate systems Human Resources ¢ Improved people capability (better skills) ¢ Turnover rate slowed 10 ~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > Some - > = = (oz Lu
Slide 11: Progress cont...
7 Progress Year to Date cont... Trus Corporate Services ¢ New General Ledger in place to produce better and quicker financial data ¢ Risk Management moving to a more comprehensive approach ~ is ~ 7] 7) ® = Ww = a] ” o ® —_ ” - = - > = pm) io LL 11
Slide 12: Summary
SUMMARY ‘Trustec Year to Date ¢ Underlying business revenue growth 9% ¢ Expenses contained at 4% increase ¢ Trading profits from investment portfolio ¢ Good business opportunities ~ c ~ 3) 12) i) £ 1) = a) ” ® ® —_ ” > Some - > = = (oz Lu 12
Equity Trustees — Shareholder Meeting (November 2004) on 6ix