Slide 1: Market Announcement: 2022 AGM Presentations and FY23 Guidance Upgrade
Computershare Limited ABN 71 005 485 825 MARKET ANNOUNCEMENT Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia Date: 10 November 2022 To: Australian Securities Exchange Subject: 2022 AGM Presentations and FY23 Guidance upgrade Attached are the presentations to be delivered by the C
Slide 2: Annual General Meeting
Thursday 10 November ANNUAL GENERAL MEETING
Slide 3: Chairman's address
ANNUAL GENERAL MEETING Chairman’s address Simon Jones Chairman 2
Slide 4: FY22 Results
FY22 Results Results ahead of expectations, margin income beginning to rise Management Revenue Management EBIT ex. MI Margin Income (MI) $2.6bn $344.4m $186.5m Up 12.2% Up 1.6% Up 74.3% Return on Invested Management EPS Final dividend per share (AUD) Capital (ROIC) 58.03 cps 30.0 cps3 12.2% Legacy T
Slide 5: Long term shareholder returns
Long term shareholder returns Management EBIT ex. Margin Income Dividend per share AU$2.1bn distributions paid 450.0 60 400.0 350.0 50 300.0 40 250.0 USD m AUD cents 30 200.0 150.0 20 100.0 10 50.0 - 0 FY13 14 15 16 17 18 19 20 21 FY22 FY13 14 15 16 17 18 19 20 21 FY22 Numbers at actual fx rates. 4
Slide 6: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Increasing our disclosure with a standalone ESG report in 2022 We believe in: › Creating a sustainable and equitable future with shared value for employees, clients, suppliers, shareholders, the community and the environment. › Focusing on identifying ESG r
Slide 7: We've made good progress on ESG in FY22
We’ve made good progress on ESG in FY22 Environmental Social Governance Morgan Stanley Capital International Committed to 40% female/40% Company Board Females upgraded Computershare to a AAA male/20% other targets for our executive 38% reporting to rating, putting us in the top 6% of senior manageme
Slide 8: CEO's address
ANNUAL GENERAL MEETING CEO’s address Stuart Irving Chief Executive Officer and President
Slide 9: Computershare at a glance
Computershare at a glance A technology-enabled administrator of financial assets Issuer Services Employee Share Plans Corporate Trust Mortgage Services Business Services Communication Services 8 Note: Canadian Corporate Trust remains part of Business Services.
Slide 10: FY22 key priorities – execution scorecard
FY22 key priorities – execution scorecard Issuer Services Employee Share Business Services Mortgage CCT Plans Services Growth Ongoing momentum in New client wins driving Bankruptcy and Class Prior period refinancing and Results ahead of Governance Services growth in client fees; Units Actions impact
Slide 11: FY22 cash flow and leverage
FY22 cash flow and leverage Leverage ratio of 1.64x, below target range Cashflow waterfall Net Debt / EBITDA1 (x) 2.25x Leverage target range 1.75x 438.4 Free cash flow $322.6m 2.24x -42.8 2.02x -73.0 -206.3 1.64x -621.4 1.07x -737.7 1H21 FY21 1H22 FY22 Net operating Capex Net MSR spend* Net acquisi
Slide 12: CCT acquisition update
CCT acquisition update 8.9x EBITDA acquisition multiple improved to 2x including synergies. $1bn capital deployed. $84m EBITDA CY 2020, March 2021 acquisition 6% pre acquisition ROIC, Raised $634m via including $84m MI. $61bn announced. Completed identified $80m synergies November 2021 Entitlement O
Slide 13: CCT acquisition update: Synergy and transition value target of $80m affirmed
CCT acquisition update Synergy and transition value target of $80m affirmed Where we are Where we started What we did now • $80m net synergy • Analysed multiple value creation programmes • Mobilised resources and project owners • Needed to validate value creation hypotheses • Developed program chart
Slide 14: FY23 year to date trading update
FY23 year to date trading update Group performance ahead of expectations, driven by Margin Income For the first four months of FY23: Better than we expected in August In line with August’s expectations Behind August’s expectations US Mortgage Servicing impacted Issuer Services trading in line; Globa
Slide 15: FY23 Margin Income outlook
FY23 Margin Income outlook Margin Income expected to be around $800m, up $280m vs. August guidance Margin Income bridge ($m) FY23 Avg FY23 Avg FY23 Avg FY23 MI Client Weighted Weighted outlook 197 13 800 Balances Yield (%) Yield (%) ($m) ($bn) At Aug 22 96 520 Exposed: Non-hedged 14.9 3.24% 2.02% 48
Slide 16: FY23 Outlook
FY23 Outlook Management EPS guidance upgraded to be up around 90% Guidance FY23 Tailwinds › In constant currency, for FY23 we expect: › Significant growth in margin income, driven by global rising rate environment - Management EPS to be up around 90%1 › Full year contribution of CCT, including deliv
Slide 17: Computershare's commitments
Computershare’s commitments Integrate US Corporate Protect our company, Increase leverage to Build scale in new Issuer Trust, deliver synergies communities and structural growth trends Services growth markets and build new recurring customers revenue streams Strong free cash flow Develop new product
Slide 18: Computershare
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Slide 19: 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