Freightways Group Limited · NZX:FRW
Freightways — Shareholder Meeting (October 2012)
29 slides from Freightways's shareholder meeting presentation, Oct 25, 2012
Slide 1: Freightways Annual Shareholders Meeting
Freightways Annual Shareholders Meeting 25 October 2012
Slide 2: Sue Sheldon, Chairman
Sue Sheldon, Chairman Annual Shareholders Meeting | 25 October 2012 2
Slide 3: Agenda
Agenda Chairman’s introduction Managing Director’s Review and Trading Update Resolutions Annual Shareholders Meeting | 25 October 2012 3
Slide 4: General Highlights - 2012
General Highlights - 2012 Result was above the prior year in all respects and a record for the company Successful execution of growth strategies across both divisions Recent acquisitions have added further depth to FRE’s presence in the Australasian IM market Reduced funding costs following
Slide 5: Financial Highlights - 2012
Financial Highlights - 2012 Jun-12 Jun-11 Increase $M $M % Operating Revenue 382 353 8% EBITDA* 72 66 9% EBITA* 62 57 9% NPAT* 36 31 17% EPS* 23.4 20.3 15% * June-12 excludes non-recurring earthquake income $1.5m ($1.0m net of tax) (June-11 excludes non-recurring earthquake costs $1.3m ($0.9m net of
Slide 6: Express Package & Business Mail - 2012
Express Package & Business Mail - 2012 Jun-12 Jun-11 Increase $M $M % Operating Revenue 292 278 5% EBITDA 53 50 7% EBITA 48 45 8% EBITA Margin 17% 16% 1 Annual Shareholders Meeting | 25 October 2012 6
Slide 7: Information Management - 2012
Information Management - 2012 Jun-12 Jun-11 Increase $M $M % Operating Revenue 92 76 21% EBITDA 21 17 18% EBITA 16 14 18% EBITA Margin 18% 18% 1 Annual Shareholders Meeting | 25 October 2012 7
Slide 8: Final Dividend - 2012
Final Dividend - 2012 Interim dividend: 9.5 cps Imputation credits: 4.07 cps Supplementary dividend: 1.6765 cps Record date: 14 September 2012 Payment date: 1 October 2012 No DRP offered in respect of the 2012 Final Dividend 1 Annual Shareholders Meeting | 25 October 2012 8
Slide 9: Dean Bracewell, Managing Director - Review and Trading Update
Dean Bracewell, Managing Director Sue Sheldon, Chairman Review and Trading Update Annual Shareholders Meeting | 25 October 2012 9
Slide 10: Managing Director's Presentation
Managing Director’s Presentation Industry overview and business description Business strategy Trading update Outlook Annual Shareholders Meeting | 25 October 2012 10
Slide 11: Express Package & Business Mail
Express Package & Business Mail Annual Shareholders Meeting | 25 October 2012 11
Slide 12: Express Package & Business Mail
Express Package & Business Mail Network Courier Point-to-Point Business Mail Support Annual Shareholders Meeting | 25 October 2012 12
Slide 13: Information Management
Information Management Annual Shareholders Meeting | 25 October 2012 13
Slide 14: Industry Overview – Information Management
Industry Overview – Information Management Accelerated growth driven by: - demand for expert management of data - risk management - compliance requirements - lower cost outsourcing Recurring revenue streams Currently low prices relating to the sale of paper from the document destruction niche
Slide 15: Information Management
Information Management New Zealand Australia Document Storage Data Storage Document Destruction Annual Shareholders Meeting | 25 October 2012 15
Slide 16: Business Strategy
Business Strategy Annual Shareholders Meeting | 25 October 2012 16
Slide 17: Business Strategy
Business Strategy Develop organic growth opportunities Diversification: Industry and Geography Positioning, People, Performance, Profit Explore complementary acquisition and alliance opportunities Annual Shareholders Meeting | 25 October 2012 17
Slide 18: Trading Update
Trading Trading Update Update Annual Shareholders Meeting | 25 October 2012 18
Slide 19: Operating Revenue
Operating Revenue 450 400 350 300 250 $M 200 150 100 50 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Ended 30 June 2nd Half 1st Half • 8% higher revenue compared to PCP • 10-year compound average annual revenue growth of 7.5% Annual Shareholders Meeting | 25 October 2
Slide 20: EBITA
EBITA* 70 60 50 40 $M 30 20 10 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Ended 30 June 2nd Half 1st Half • 9% higher EBITA compared to PCP • 10-year compound average annual EBITA growth of 8% * FY2012 excludes non-recurring net earthquake insurance proceeds of $1.5
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance (Quarter ended 30 September 2012) Quarter ended: Sep-12 Sep-11 Increase $000 $000 % Operating Revenue 100,908 93,317 8% EBITDA 18,653 16,648 12% EBITA 15,680 14,187 11% NPAT 9,185 8,037 14% 1 Annual Shareholders Meeting | 25 October 2012 21
Slide 22: Express Package & Business Mail
Express Package & Business Mail (Quarter ended 30 September 2012) Quarter ended: Sep-12 Sep-11 Increase $000 $000 % Operating Revenue 76,226 73,204 4% EBITDA 13,225 12,611 5% EBITA 11,813 11,552 2% 1 Annual Shareholders Meeting | 25 October 2012 22
Slide 23: Information Management
Information Management (Quarter ended 30 September 2012) Quarter ended: Sep-12 Sep-11 Increase $000 $000 % Operating Revenue 25,236 20,448 23% EBITDA 5,851 4,311 36% EBITA 4,634 3,349 38% 1 Annual Shareholders Meeting | 25 October 2012 23
Slide 24: Recent Acquisition Activity
Recent Acquisition Activity Iron Mountain’s NZ operations acquired October 2011 Filesaver Sydney acquired December 2011 DataPrint acquired July 2012 All acquisitions are performing to expectation Annual Shareholders Meeting | 25 October 2012 24
Slide 25: Outlook
Outlook Annual Shareholders Meeting | 25 October 2012 25
Slide 26: Outlook
Outlook Slow growth environment, but also mindful of influence of any further deterioration in global economy EP volumes expected to remain sound, growth of which will be determined primarily by the performance of our existing customers. BM growth volumes will remain under pressure. IM expecte
Slide 27: Questions?
Questions? Annual Shareholders Meeting | 25 October 2012 27
Slide 28: Resolutions
Resolutions Re-election of Directors Approval of Directors’ Fees Authority to fix Auditors’ Remuneration Annual Shareholders Meeting | 25 October 2012 28
Slide 29: Freightways Annual Shareholders Meeting
Freightways Annual Shareholders Meeting 25 October 2012
Freightways Group — Shareholder Meeting (October 2012) on 6ix