Corporate Travel Management Limited · ASX:CTD
Corporate Travel Management — Shareholder Meeting (October 2022)
8 slides from Corporate Travel Management's shareholder meeting presentation, Oct 27, 2022
Slide 1: Managing Director AGM Presentation and Trading Update
ASX Announcement 27 October 2022 Corporate Travel Management Managing Director AGM Presentation and Trading Update Corporate Travel Management (CTM, ASX:CTD) will today present the attached presentation and trading update at its Annual General Meeting. A copy of the Managing Director’s presentation
Slide 2: FY22 Highlights
FY22 Highlights Page 1
Slide 3: CTM FY22 highlights
CTM FY22 highlights Successfully converting • FY22: TTV $5.1bn, revenue $389m, underlying: EBITDA $59.8m, PBT $22.3m, NPAT $17.5m activity recovery into • 4Q22: TTV $1.8bn, revenue $141m, underlying: EBITDA $35.7m, PBT $25.5m, NPAT $20.5m revenue and PBT Starting run rate for FY23 (4Q22 annualised):
Slide 4: Trading Update
Trading Update Page 3
Slide 5: Trading update: General market insights
Trading update: General market insights Observation Outcome 1. Removal of travel impediments drives • Experiencing rapid recovery when COVID related impediments removed rapid recovery in corporate activity 2. Airline reliability and airport experience • Where airline reliability and airport congesti
Slide 6: Regional trading update: FY23 year-to-date
Regional trading update: FY23 year-to-date Region September October Update activity¹ month-to-date² EU 101% • Still to come: international, domestic UK and UK government as people return to work • Heathrow airport announced lifting capacity to 100% (from 80%) end of October ANZ 116% • Revenue reco
Slide 7: Group trading update: outlook
Group trading update: outlook Group Update Activity summary • No noticeable impact from economic conditions • Consistent theme: demand for corporate travel exceeding supply, travel rebounds rapidly with travel impediment removal & reliability in airline and airport experience • Further material reco
Slide 8: FY23-24 Assumptions
FY23-24 Assumptions FY23 Assumptions: • Starting point is underlying EBIDA $143m (4Q22 run-rate) • Targeting c80% revenue recovery in FY23 • FY23 expected to remain choppy: • Supply constraints/airport congestion lingers, notably USA • Greater China largely closed (Asia full recovery contributes ~$2
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