Mcmillan Shakespeare Limited · ASX:MMS
Mcmillan Shakespeare — Shareholder Meeting (October 2009)
14 slides from Mcmillan Shakespeare's shareholder meeting presentation, Oct 20, 2009
Slide 1: Annual General Meeting
For personal use only McMillan Shakespeare Limited Annual General Meeting Michael Kay – CEO 20 October 2009
Slide 2: Financial Performance
Financial Performance For personal use only % increase FY09 FY08 over prior $'000 $'000 year Total revenue and other income 77,259 66,624 16.0% EBITDA 29,511 25,596 15.3% EBIT 27,653 24,145 14.5% NPAT 20,523 17,368 18.2% ROE 39% 39% ROE adjusted for surplus cash 60% 51% Basic earnings per share (cen
Slide 3: Historical Key Financial Performance Measures
Historical Key Financial Performance Measures For personal use only Revenue and EBITDA performance Net profit after tax (NPAT) 25.0 100.0 80.0 20.0 $ millions 60.0 $ millions 15.0 40.0 10.0 20.0 0.0 5.0 FY04 FY05 FY06 FY07 FY08 FY09 0.0 FY04 FY05 FY06 FY07 FY08 FY09 Revenue EBITDA NPAT P2 October 20
Slide 4: Historical Key Financial Performance Measures (cont'd)
Historical Key Financial Performance Measures (cont’d) For personal use only Earnings per share (EPS) Dividends per share 35.0 20 30.0 18 25.0 16 14 20.0 cents 12 cents 15.0 10 10.0 8 5.0 6 4 0.0 2 FY04 FY05 FY06 FY07 FY08 FY09 0 Basic EPS Cash EPS FY04 FY 05 FY 06 FY 07 FY 08 FY 09 Cash EPS – Net o
Slide 5: Highlights and Key Activities
Highlights and Key Activities For personal use only Strong performance in difficult economic conditions. Refined strategy from “salary packaging” to “workplace benefits. Developed our purpose and brand value map. Developed a new operating brand to fit our strategy – Maxxia. Developed a white label n
Slide 6: Retention and Attraction
Retention and Attraction For personal use only Employers 55% Employees 80% Believe employee benefits See employee benefits as an important programs contribute to attraction consideration when joining a company and retention. Source: MERCER Benefits Survey 2008 P5 October 2009
Slide 7: Key Findings
Key Findings For personal use only P6 October 2009
Slide 8: Our Fundamental Purpose
Our Fundamental Purpose. For personal use only Re “All of the benefits, none of the hassles.” ect ns al rf ctio Be e P sa ne Our purpose will guide us in all our customer fit r an All of the s T benefits, interactions and the creation of the systems none of the hassles and processes that underpin an
Slide 9: For personal use only
For personal use only P8 October 2009
Slide 10: Highlights and Key Activities (cont'd)
Highlights and Key Activities (cont’d) For personal use only Facilitated more novated leasing sales than in 07/08. Notwithstanding 20% reduction in Australia car sales. Expanded our average yield through better cross-sell and renegotiation of supplier arrangements. Invested in customer service and p
Slide 11: Key Efficiency and Service Measures
Key Efficiency and Service Measures For personal use only MSL Productivity Index MSL Customer Satisfaction Index July 2008 = 100 December 2008 = 100 112 110 200 108 106 150 104 102 100 100 98 50 96 94 0 92 9 09 08 9 8 M 9 9 09 08 9 09 09 -0 0 Jul -08 Se p-08 Nov-08 Ja n-09 Ma r-09 Ma y-09 Jul -09 Se
Slide 12: Highlights and Key Activities (cont'd)
Highlights and Key Activities (cont’d) For personal use only Built significant capability in marketing, systems and human resources. Maintained a vigorous M&A program, thus far without success. Retained all major health contracts. Have taken a leadership position in the relevant FBT section of the H
Slide 13: Focus for 2010
Focus for 2010 For personal use only Significant non-customer tender opportunities in health sector. Queensland Government contract tender (due for renewal June 2010). Continued marketing and operational effort on participation rates. Continued product development in line with strategy. Ongoing prod
Slide 14: Outlook
Outlook For personal use only Continuing profitable growth in core business through new business and participation. Developing insurance business (will take time to build renewal book). Key sensitivities: - car sales/novated leasing units. - interest rates. First quarter results in line with expecta
McMillan Shakespeare — Shareholder Meeting (October 2009) on 6ix