Slide 1: Annual Shareholders Meeting 30 October 2008
Annual Shareholders Meeting 30 October 2008
Slide 2: Wayne Boyd, Chairman
Freightways Wayne Boyd, Chairman
Slide 3: Agenda
Agenda ¾ Chairman’s introduction ¾ Managing Director’s review and trading update ¾ Resolutions
Slide 4: General Highlights
General Highlights • Successful execution of Australian strategy has created a platform for further growth • Core express package business ahead of last year in a challenging operating environment • Information management business delivered outstanding performance • FRE has delivered another record
Slide 5: Financial Highlights
Financial Highlights Jun-08 Jun-07 Increase $000 $000 % Operating revenue 323,910 283,447 14% EBITDA 68,463 62,929 9% EBITA 60,478 56,531 7% NPAT 32,250 30,832 5% Net operating cash flows 67,482 62,295 8% ( b e f o re int e re s t a nd t a x ) Earnings per share (cents) 25.1 24.0 5% (NB. All re sult
Slide 6: Dividends
Dividends Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Dividends declared $15.8m $20.2m $22.1m $23.1m $24.1m Cents per share 12.75 16.00 17.25 18.00 18.75 • Annual payout increased by 4% compared to 2007 • Fully imputed at 33% tax rate • Final dividend was paid 30 September 2008
Slide 7: Dean Bracewell, Managing Director Review and Trading Update
Dean Bracewell, Managing Director Review and Trading Update
Slide 8: Managing Director's Presentation
Managing Director’s Presentation ¾ Industry overview and business description ¾ Business strategy ¾ Trading update ¾ Outlook
Slide 9: Express Package & Business Mail
Express Package & Business Mail Industry Overview and Business Description
Slide 10: Express Package
Express Package Industry Overview • Delivery of items up to 25kgs • Services embedded in supply chains of businesses • Consolidated industry structure • Growth underpinned by demand for Just-in-Time supply
Slide 11: Express Package & Business Mail
Express Package & Business Mail Network courier Point-to-point Business mail Support
Slide 12: Information Management
Information Management Industry Overview
Slide 13: Information Management
Information Management Industry Overview • Accelerating growth opportunity driven by: – Demand for expert management of business data – Risk management – Compliance requirements – Lower cost outsourcing • Recurring revenue streams • Consolidated industry structure
Slide 14: Information Management
Information Management New Zealand NSW VIC QLD ACT SA Document --- --- Storage Data Storage Document --- --- --- Destruction
Slide 15: Business Strategy
Business Strategy Hubs Shuttle Links Courier "Spoke" to/from area Geographic Area
Slide 16: Business strategy
Business strategy • Develop organic growth opportunities • Positioning, People, Performance, Profit • Explore complementary acquisition and alliance opportunities
Slide 17: Trading Update
Freightways Trading Update
Slide 18: Operating Revenue
Operating Revenue 350 300 250 200 2nd Half $M 150 1st Half 100 50 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Year Ended 30 June • 14% revenue growth compared to 2007 • 5-year compound average annual revenue growth of 11%
Slide 19: EBITA
EBITA 70 60 50 40 $M 2nd Half 30 1st Half 20 10 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Year Ended 30 June • 7% EBITA growth compared to 2007 • 5-year compound average annual EBITA growth of 14%
Slide 20: Current Financial Performance
Current Financial Performance Qtr ended 30 September 2008 2007 increase $000 $000 % Revenue 92,001 77,309 19% EBITDA 17,439 16,217 8% EBITA 15,204 14,489 5% NPAT 7,927 7,687 3% NB:- Results above are drawn from unaudited management accounts and exclude goodwill amortisation per NZ IFRS.
Slide 21: Outlook
Freightways Outlook
Slide 22: Outlook
Outlook • Subject to the NZ economy, the Express Package & Business Mail division is expected to deliver sound performance in line with recent trends • The Information Management division is expected to improve year-on-year performance • Acquisitions and alliances will continue to be developed • Fre
Slide 23: Summary
Summary 9 Strong successful business 9 Positioned to deliver continuing earnings growth 9 Delivering an attractive dividend yield
Slide 24: Questions
Freightways Questions
Slide 25: Resolutions
Resolutions ¾ Re-election of Directors ¾ Authority to fix Auditors’ remuneration
Slide 26: Annual Shareholders Meeting October 2008
Annual Shareholders Meeting 30 October 2008