Computershare Limited · ASX:CPU
Computershare — Shareholder Meeting (November 2020)
24 slides from Computershare's shareholder meeting presentation, Nov 11, 2020
Slide 1: Market Announcement: 2020 AGM Presentations
Computershare Limited ABN 71 005 485 825 MARKET ANNOUNCEMENT Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia Date: 11 November 2020 To: Australian Securities Exchange Subject: 2020 AGM Presentations Attached are the presentations to be delivered by the Chairman, Simon Jones, and
Slide 2: Chairman's speech
Computershare 2020 Annual General Meeting Chairman’s speech Simon Jones, Chairman Slide 2: Chairman’s address Welcome to the Computershare 2020 Annual General Meeting. My name is Simon Jones, and I am your Chair. With travel restrictions for our overseas directors and management, we are holding this
Slide 3: Chairman's address (continued)
Despite the impact of this volatility on our earnings, across the year our headline revenue was down by only 1.9% and Management EBITDA was down by only 3.7%. As you may remember, we report our results in US dollars and in constant currency. However, as central banks reduced interest rates rapidly,
Slide 4: Long term shareholder returns
Recognising the strength of Computershare and the importance of the dividend, particularly to retail shareholders, we maintained the final dividend payment. Nor did we dilute you at the bottom of the equity market by doing a placement at a discount to new investors. We didn’t need to. As a signal of
Slide 5: CEO's address
Stuart Irving Chief Executive Officer and President Slide 8: CEO’s address Thank you, Simon. I appreciate your support and kind words. Now let me add my welcome to our shareholders and guests joining us online. Sorry we can’t provide a cup of tea or a Computershare cupcake in person but I hope you h
Slide 6: CEO's address (continued)
Finally, I will call out Communication Services. In this business, we engage with our clients’ underlying customers and stakeholders to ensure they are accurately informed and updated. We have made good progress here too in shifting to digital delivery, and helping our clients with their communicati
Slide 7: US Mortgage and Issuer Services progress
In the US, we continued to carefully grow our US Mortgage Services business. UPB was up 16% and we delivered some margin expansion. Lower rates caused MSR prices to fall in the fourth quarter. While prices are recovering now, the actuarial market value of our MSRs is below our book value. It’s not a
Slide 8: Trading update and guidance and outlook
concentration of that rally is in the tech sector, and as some companies have delayed or cancelled dividends, this impacts Dividend Re-investment transactions. We may see that recovery come through in the second half. And the extension to the US Government’s restrictions on mortgage foreclosures to
Slide 9: Annual General Meeting
Wednesday 11 November ANNUAL GENERAL MEETING
Slide 10: Chairman's address
ANNUAL GENERAL MEETING Chairman’s address Simon Jones Chairman
Slide 11: FY20 Results
FY20 Results Resilient operating Margin Income Balance Sheet performance headwinds strength Margin Net Debt / Revenue Income EBITDA2 $2.3bn -1.9% $201m -18.3% 1.93x +0.09x Management Management Final Dividend EBITDA1 EPS Per Share $650m -3.7% 56.3cps -19.8% 23.0cps Maintained Notes: All figures in t
Slide 12: Long term shareholder returns
Long term shareholder returns Management EBIT ex. Margin Income Dividend per share 400.0 2bn AUD distributions paid 50 350.0 45 300.0 40 35 250.0 30 USD m AUD cents 200.0 25 150.0 20 15 100.0 10 50.0 5 - 0 FY10 11 12 13 14 15 16 17 18 19 FY20 FY10 11 12 13 14 15 16 17 18 19 FY20 Numbers at Actual fx
Slide 13: Pandemic response
Pandemic response Protecting our company, customers and communities Employees Customers Shareholders › Moved 92% of our global workforce to › Provided digital solutions for our › Maintained our final dividend at 23 cents work from home customers in a virtual world › Preserved jobs where possible › M
Slide 14: Corporate Responsibility
Corporate Responsibility Community In FY20, our global project, the World Youth International School in Nepal: • Educated 500 students • Achieved the best exam results in the school’s history AUD 10.2 M We support Raised for Change A Life 15 charities • Provided online education since launch local t
Slide 15: Corporate Responsibility highlights
Corporate Responsibility highlights Sustainability Diversity and inclusion FY20 has provided unique Achieved our FY20 reduction We are committed to improving Board opportunities to reduce the targets diversity across the Computershare 38% female environmental footprint of our family, creating a safe
Slide 16: CEO's address
ANNUAL GENERAL MEETING CEO’s address Stuart Irving Chief Executive Officer and President
Slide 17: Computershare at a glance
Computershare at a glance A technology-enabled administrator of financial assets ISSUER SERVICES EMPLOYEE SHARE PLANS MORTGAGE SERVICES BUSINESS SERVICES COMMUNICATION SERVICES Over $1 $187 billion 50% of 25,000 12,600 1 million employees trillion AUA in Employee mortgages supported with CORPORATE A
Slide 18: Technology at the core of Computershare
Technology at the core of Computershare Improving customer offerings and service while driving efficiencies Employee Share Plans platform – Automated Corporate Actions Entity management - GEMSpm EquatePlus upgrade › Our market leading Employee › Self-service portal for Corporate Actions, › Entity ma
Slide 19: FY20 key priorities – execution scorecard
FY20 key priorities – execution scorecard Delivering on strategic plans Progress Result Progress Result › Marginal operating earnings 1. Progress the › Asset migrations completed 4. Continue to deliver increase in US Register › Cost out program underway Maintenance restructure of our measurable › EB
Slide 20: FY21 key priorities
FY21 key priorities Focus on growth, efficiency and enhancing customer experience 1 2 3 4 5 6 7 8 9 10 PROGRESS 12
Slide 21: FY21 year to date trading update
FY21 year to date trading update Computershare has started the financial year well, with performance overall slightly ahead of our expectations in August For the first four months of FY21: Better than we expected in August In line with August’s expectations Behind August’s expectations Improved Corp
Slide 22: Guidance and outlook
Guidance and outlook FY21 full year earnings guidance affirmed, with a more even seasonality split In August we said November update › While providing guidance is more › Guidance affirmed - Management EPS and EBIT challenging given heightened macro ex. Margin Income guidance for FY21 unchanged volat
Slide 23: Computershare's commitments
Computershare’s commitments Protecting our company, Increasing leverage to Building scale in new Issuer Developing new products communities and structural growth trends Services growth markets and innovations customers Strong free cash flow High levels of recurring Conservative debt leverage support
Slide 24: Important notice
Important notice Summary information › This announcement contains summary information about Computershare and its activities current as at the date of this announcement. › This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product or