Fisher & Paykel Healthcare Corporation Limited · NZX:FPH
Fisher & Paykel Healthcare — Shareholder Meeting (August 2019)
40 slides from Fisher & Paykel Healthcare's shareholder meeting presentation, Aug 28, 2019
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 28 August 2019 For personal use only
Slide 2: Tony Carter, Chairman
Tony Carter, Chairman For personal use only
Slide 3: Your Board
Your Board For personal use only Tony Carter Lewis Gradon Michael Daniell Pip Greenwood Geraldine McBride Neville Mitchell Donal O’Dwyer Scott St John
Slide 4: Agenda
Agenda • Chair’s Address For personal use only • Board Subcommittee Updates • Managing Director and Chief Executive Officer’s Review • Financial Statements • Resolutions • Voting • General Questions
Slide 5: Celebrating A World of Care
CELEBRATING (E|\* 5 @ ee A World of Care 19767-2017 => = ©) @ 7) 3 © = s) 2) —S ® ro’ NS s) LL
Slide 6: FY2019 Financial Highlights
FY2019 Financial Highlights ↑9% For personal use only Operating Revenue $1.07B Net Profit $209.2M ↑10% After Tax Dividend 22.35 cents ↑ 9%
Slide 7: FY2019 Revenue by Product Group
FY2019 Revenue by Product Group For personal use only Homecare Hospital 39% 60% OF OPERATING REVENUE OF OPERATING REVENUE Distributed & Other 1% OF OPERATING REVENUE
Slide 8: Hospital Product Group
Hospital Product Group For personal use only FY19 Result $642M 642.3 Revenue 572.1 500.4 Revenue Growth 436.3 ↑12% 357.2 NZ$ Constant Currency ↑11% FY15 FY16 FY17 FY18 FY19
Slide 9: Homecare Product Group
Homecare Product Group For personal use only FY19 Result $421M 421.4 642.3 Revenue 398.1 572.1 500.4381.5 436.3 365.8 Revenue Growth ↑6% 302.0 357.2 NZ$ Constant Currency ↑4% FY15 FY16 FY17 FY18 FY19
Slide 10: Gross and Operating Margins
Gross and Operating Margins Gross Margin Operating (EBIT) Margin For personal use only 70% 30% 60% 25% 50% 20% 40% 15% 30% 10% 20% 5% 10% 0% 0% 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Long Term Gross Margin target – 65% Long Term Operating Margin target – 30%
Slide 11: For personal use only
Paykel HEALTHCARE Fisher &
Slide 12: For personal use only
For personal use only
Slide 13: Your Board
Your Board For personal use only Tony Carter Lewis Gradon Michael Daniell Pip Greenwood Geraldine McBride Neville Mitchell Donal O’Dwyer Scott St John
Slide 14: Scott St John, Audit & Risk Committee Chair
Scott St John Audit & Risk For personal use only Committee Chair
Slide 15: Pip Greenwood, People & Remuneration Committee Chair
Pip Greenwood People & For personal use only Remuneration Committee Chair
Slide 16: Donal O'Dwyer, Quality, Safety & Regulatory Committee Chair
Donal O’Dwyer Quality, Safety & For personal use only Regulatory Committee Chair
Slide 17: For personal use only
For personal use only
Slide 18: Lewis Gradon, Managing Director and CEO
Lewis Gradon, Managing Director and CEO For personal use only
Slide 19: FY2020 Outlook
FY2020 Outlook For personal use only Full Year Expect NZD:USD exchange rate of ~0.64 for the balance of the year Operating Revenue Approximately $1.17 billion Net Profit after Tax Approximately $245 - $255 million First Half Expect at current exchange rates Operating Revenue Approximately $560 milli
Slide 20: Fifty Years of Care
Fifty Years of Care For personal use only 1969 - Agee Jar Humidifier 2019 - F&P 950 Humidifier
Slide 21: For personal use only
For personal use only
Slide 22: Lyndal York, Chief Financial Officer
Lyndal York Chief Financial For personal use only Officer
Slide 23: 950 System
950"System Fisher & Paykel HEALTHCARE
Slide 24: For personal use only
Fisher & Paykel HEALTHCARE
Slide 25: Growth Strategy
Growth Strategy For personal use only OUR ASPIRATION: Sustainably DOUBLING our constant currency revenue every 5-6 years.
Slide 26: Lewis Gradon, Managing Director and CEO
Lewis Gradon, Managing Director and CEO For personal use only
Slide 27: For personal use only
For personal use only
Slide 28: Tony Carter, Chairman
Tony Carter, Chairman For personal use only
Slide 29: Financial Statements
Financial Statements • Opportunity for shareholders to ask For personal use only any questions specifically on the financial statements, the auditor’s report or the company’s 2019 annual report. • There will be an opportunity to ask any general questions once all items on the agenda have been consid
Slide 30: Resolutions
Resolutions For personal use only 1. Re-election of Lewis Gradon as Director 2. Re-election of Donal O’Dwyer as Director 3. Election of Neville Mitchell as Director 4. Auditor’s Remuneration 5. Issue of Performance Share Rights 6. Issue of Options 7. Company Constitution
Slide 31: Three Ways to Vote
Three Ways to Vote For personal use only 1. Use your voting card (in person) 2. Use your smartphone using the LINK App (in person) 3. Electronic voting form (online)
Slide 32: Resolution 1: Re-election of Lewis Gradon
Resolution 1: Re-election of Lewis Gradon That Lewis Gradon, who retires by rotation For personal use only and, being eligible, offers himself for re-election, be re-elected as a director of the Company.
Slide 33: Resolution 2: Re-election of Donal O'Dwyer
Resolution 2: Re-election of Donal O’Dwyer That Donal O’Dwyer, who retires by For personal use only rotation and, being eligible, offers himself for re-election, be re-elected as a director of the Company.
Slide 34: Resolution 3: Election of Neville Mitchell
Resolution 3: Election of Neville Mitchell That Neville Mitchell, who being eligible, For personal use only offers himself for election, be elected as a director of the Company.
Slide 35: Resolution 4: Auditor's Remuneration
Resolution 4: Auditor’s Remuneration That the Directors be authorised to fix the For personal use only fees and expenses of PwC as the Company’s auditor.
Slide 36: Resolution 5: Issue of Performance Share Rights
Resolution 5: Issue of Performance Share Rights That approval be given for the issue of up For personal use only to 60,000 performance share rights under the Fisher & Paykel Healthcare Performance Share Rights Plan to Lewis Gradon, Managing Director and Chief Executive Officer of the Company.
Slide 37: Resolution 6: Issue of Options
Resolution 6: Issue of Options That approval be given for the issue of up For personal use only to 190,000 options under the Fisher & Paykel Healthcare 2003 Share Option Plan to Lewis Gradon, Managing Director and Chief Executive Officer of the Company.
Slide 38: Resolution 7: Company Constitution
Resolution 7: Company Constitution That the existing constitution of the For personal use only Company is revoked, and the constitution presented at the meeting, and referred to in Explanatory Note 5 of the Notice of Meeting, is adopted as the Constitution of the Company.
Slide 39: Voting
Voting • In respect of each resolution, please tick the “for”, “against” or “abstain” box. For personal use only • Once you have completed your voting, please hand your paper to a representative from Link Market Services. • Please raise your hand if you require a pen. • Results will be announced to
Slide 40: Questions?
For personal use only Questions?
Fisher & Paykel Healthcare — Shareholder Meeting (August 2019) on 6ix