Corporate Travel Management Limited · ASX:CTD
Corporate Travel Management — Shareholder Meeting (October 2024)
16 slides from Corporate Travel Management's shareholder meeting presentation, Oct 31, 2024
Slide 1: Managing Director AGM Presentation and Market Update
ASX Announcement 31 October 2024 Corporate Travel Management Managing Director AGM Presentation and Market Update Corporate Travel Management (CTM, ASX:CTD) will today present the attached presentation and market update at its Annual General Meeting. A copy of the Managing Director’s market update p
Slide 2: 2024 AGM Managing Directors address and progress update
2024 AGM Managing Directors address and progress update. Thanks Ewen. I wanted to cover a quick recap of FY24, before giving a progress update on our metrics year to date and share the early signs of how our strategy is progressing. FY24 recap Firstly, a quick recap of FY24 on Slide 11. Despite the
Slide 3: Global Executive team
believe we have the right leaders in place that can best support our plan to double FY24 EPS in five years. There are three key objectives that underpin this strategy; grow revenue and clients, drive greater automation to better service customers, and a strong focus on capital management strategy. W
Slide 4: Progress so far: Rest of World
So, let’s look at our progress so far. Firstly, the Rest of World (RoW) excluding UK: RoW combined delivers over 80% of group revenue and best depicts the progress of the strategy we put in place at the beginning of this calendar year. For FY25 we targeted RoW revenue to grow approximately 10% and E
Slide 5: Europe update and UK Government budget risk
A consequence of this is that we have retained all core staffing previously working on projects in lieu of clients starting in the coming months. Further, the UK Government released its budget yesterday. As part of the budget, we have been informed of planned reductions in departmental opex budgets.
Slide 6: Strategy - key focus areas
Strategy - key focus areas: On slide 18, we want to reinforce our strategy, and the key focus areas that matter in this financial year. For the RoW, it is about long-term sustainable profit growth through three key objectives: growing market share, increasing revenue per transaction with a focus on
Slide 7: Supporting Floridians in need and long-term focus
Our team is very proud to be able to support those Floridians in need. Whilst these events outlined above have little to no impact on FY25, it gives you an early insight into how we are focusing upon long-term strategy. When aligned with our capital management program and strong focus on extracting
Slide 8: FY24 Highlight Recap
FY24 Highlight Recap 10
Slide 9: FY24 Group overview - AUD($m)
CORPORATE TRAVEL MANAGEMENT AGM 2024 FY24 Group overview - AUD($m) Consolidated CTM1 Revenue EBITDA FY24 Revenue EBITDA up 21% to 1H 2H Full Year 1H 2H Full Year up 9% $201.7m 660.1 716.9 201.7 167.1 FY24 underperformance specific to: 1H issues previously flagged at 1H results: 363.7 368.2 353.2 115
Slide 10: FY24 Europe overview – AUD($m)
CORPORATE TRAVEL MANAGEMENT AGM 2024 FY24 Europe overview – AUD($m) Europe Revenue EBITDA One-off project underperformance impacted 1H 2H Full Year 1H 2H Full Year group results in FY24 169.3 97.7 143.0 2H EBITDA DOWN 48% 84.1 98.5 97.8 67.1 63.0 +18% +16% Record FY24 financial metrics 70.8 REVENUE
Slide 11: FY24 Rest of World overview - AUD($m)
CORPORATE TRAVEL MANAGEMENT AGM 2024 FY24 Rest of World overview - AUD($m) Rest of World (NA, ANZ, Asia) Revenue EBITDA Rest of World (ex. Europe) Strong momentum for FY25 1H 2H Full Year 1H 2H Full Year 544.9 515.4 122.5 Turnaround led by NA 101.1 and ANZ • 2H EBITDA up 29% 74.3 • 2H EBITDA margin
Slide 12: Progress YTD
Progress YTD 14
Slide 13: Global Executive Leadership Team
CORPORATE TRAVEL MANAGEMENT AGM 2024 Global Executive Leadership Team Jamie Pherous Managing Director Guides global strategy. • Strategic vision / direction. • Investor relations Insert • M&A opportunities Insert Heading • Shaping culture Heading Here Here Regional CEOs x4 James Spence Ana Pedersen
Slide 14: Regional CEO Leadership Team
CORPORATE TRAVEL MANAGEMENT AGM 2024 Regional CEO Leadership Team ANZ ASIA NORTH AMERICA EUROPE / UK Greg McCarthy Larry Lo Anita Salvatore Debbie Carling Michael Healy OBE Chief Executive Officer Chief Executive Officer Chief Executive Officer Chief Executive Officer Chief Executive Officer (Retiri
Slide 15: FY25 Target metrics - progress
CORPORATE TRAVEL MANAGEMENT AGM 2024 FY25 Target metrics - progress FY25 METRIC STATUS COMMENTARY TARGET1 HIGHLIGHTS: REST OF WORLD (ANZ, NA, Asia) >80% Global Revenue Revenue growth ~+10% ON • Strong y.t.d. revenue & profit growth led by NA & ANZ regions Strategy delivery TRACK EBITDA Margin ~27.5%
Slide 16: Strategy: Key Focus Areas
CORPORATE TRAVEL MANAGEMENT AGM 2024 Strategy: Key Focus Areas RoW (NA, ANZ, Asia) Long term sustainable profit growth KEY HIGHLIGHTS YTD • Grow market share underpinning long-term strategic growth: • Increase revenue per transaction, focus on SleepSpace UK Government extension - managing • Producti
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