Computershare Limited · ASX:CPU
Computershare — Non-Deal Roadshow (September 2009)
16 slides from Computershare's roadshow presentation, Sep 10, 2009
Slide 1: Market Announcement: Investor Roadshows Presentation
Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 For personal use only MARKET ANNOUNCEMENT www.computershare.com Date: Thursday, 10th September
Slide 2: Investor Roadshow Presentation
For personal use only Investor Roadshow Presentation Stuart Crosby P President id t & Chi Chieff E Executive ti Offi Officer September 2009 1
Slide 3: About Computershare
About Computershare For personal use only › Computershare p (ASX:CPU) ( ) is the g global leader in transfer agency g y and share registration, employee equity plans & proxy solicitation. We also specialise in corporate trust services, tax voucher solutions, bankruptcy administration and a range of
Slide 4: Where we operate
About Computershare Where we operate For personal use only 3
Slide 5: Computershare Strengths
Computershare Strengths For personal use only › Strong balance sheet, low gearing and continued robust cash generation. › Revenues, cash-flows and margins holding up well despite the challenging environment. › More than 70% of revenue recurring in nature. › Diversification geographically and into co
Slide 6: Revenue, EBITDA and Margin
Revenue, EBITDA and Margin For personal use only US$m Margin % 50% 788.2 794.3 783.0 800 728.7 45% 724.4 694.0 700 40% 626.7 600 588.1 35% 500 30% 456.0 25% 400 354.5 20% 300 257 4 257.4 238.6 236.9 15% 221.8 188.7 181.7 200 140.4 10% 93.1 99.7 100 65 4 65.4 5% 0 0% 1H05 2H05 1H06 2H06 1H07 2H07 1H0
Slide 7: Cash Flow and Capex
Cash Flow and Capex For personal use only $USm 240 206.2 210 183.5 181.6 180 159.9 150 137.5 141.1 117.8 120 90 73.1 65.8 60 36.7 30 24 0 24.0 14.6 17.9 18 8 18.8 11.8 11.9 10.4 12.6 10.3 7.8 0 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 Operating p g Cash Flows Capital p Expenditure p 6
Slide 8: Key Gearing Ratios
Key Gearing Ratios For personal use only Net Financial Indebtedness to EBITDA EBITDA Interest Coverage times times 14 13.3 12.1 11.9 11.5 12 3.0 2.48 10 8.7 2.5 8 2.0 1.68 1.64 1.67 6 1.5 0.94 4 1.0 2 0.5 0 0.0 FY05 FY06 FY07 FY08 FY09 FY05 FY06 FY07 FY08 FY09 FY09US$m (US$m) US$m FY08 (US$m) Jun-09
Slide 9: Drivers Behind FY2009 Financial Performance
Drivers Behind FY2009 Financial Performance For personal use only › Corporate p action environment,, shift from M&A and IPO’s to secondaryy capital p raisings. › Significant ongoing cost reductions and operating efficiencies. › Continued investments in, in and growing importance of, of counter and n
Slide 10: Group Strategy and Priorities
Group Strategy and Priorities For personal use only › Our group strategy remains as it has been: › Continue to drive operations quality and efficiency through measurement, benchmarking and technology. › Improve our front office skills to protect and drive revenue. revenue › Continue to seek acquisit
Slide 11: Delivery Against Strategy
Delivery Against Strategy For personal use only › Delivering g on the first two limbs of the strategy gy (cost ( and revenue)) remains a key factor in protecting our profits and margins in these tough times: › Operational productivity continues to improve across the globe. › Pay Pay-off off from rev
Slide 12: Acquisitions
Acquisitions July 2007 onward For personal use only Name Cost (USD m) Country Type of Business Datacare 17.6 Ireland Governance software UMB 8.9 USA Investor Services Administar 33.4 USA Class action administration RSS 14.0 USA Governance software VEM 92.3 Germany Corporate actions bank Four Points
Slide 13: Acquisitions Commentary
Acquisitions Commentary For personal use only › Some recent acquisitions q have been non-market cyclical y (Q (QMT,, Busyy Bees,, Datacare) or counter-cyclical (Administar / KCC) businesses along with typical Registry assets such as National City and I-nvestor. › These have all been comfortablyy ear
Slide 14: Priority - Lifting our Market Position
Priority - Lifting our Market Position For personal use only › We continue to enhance the q qualityy of our operational p and client directed processes. › We continue to release a range of new and enhanced products across the full range of our businesses. › Third party shareholder and issuer satisfa
Slide 15: Priority - Market Structure Projects
Priority - Market Structure Projects For personal use only › A range of market structure projects are underway around the world: › Some are driven by brokers’ and custodians’ desire for back-office efficiencies - in these cases, the interests of our clients (issuers of securities) are often at risk,
Slide 16: Outlook
Outlook For personal use only › We anticipate p USD management g earnings g per p share for financial year y 2010 to be similar to 2009. › Our outlook assumes that equity, interest rate and FX market conditions remain broadly consistent with levels at the time of our results release for the financia