Tourism Holdings Limited · NZX:THL
Tourism — Tourism Holdings Rentals — Shareholder Meeting (October 2024)
21 slides from Tourism's shareholder meeting presentation, Oct 17, 2024
Slide 1: 2024 Annual Meeting
44°15’ S — 170° 6’ E For personal use only 2024 ANNUAL MEETING As seen, worldwide 17 OCTOBER 2024
Slide 2: Welcome
thl FY24 ANNUAL RESULTS PRESENTATION 2 For personal use only Welcome Cathy Quinn ONZM Chair
Slide 3: Proxies and postal votes
thl 2024 ANNUAL MEETING PRESENTATION 3 Proxies and postal votes For personal use only • Valid proxy and postal votes: 118.9 million • Proxy and postal votes as a percentage of ordinary shares on issue: 54.0% • Proxies received appointing the Chair of the meeting as proxy: 86.2 million
Slide 4: Agenda
thl 2024 ANNUAL MEETING PRESENTATION 4 Agenda For personal use only • Welcome and agenda • Chair’s address • Chief Executive’s address • Resolution • Q&A • General business • Close of meeting
Slide 5: Chair's Address
thl FY24 ANNUAL RESULTS PRESENTATION 5 For personal use only Chair’s Address Cathy Quinn ONZM Chair
Slide 6: Reflections on FY24
thl 2024 ANNUAL MEETING PRESENTATION 6 Reflections on FY24 A disappointing year for the thl share price For personal use only • A challenging period in which thl did not achieve its 15% Return on Funds Employed (ROFE) target • Positive results from the New Zealand and Australian rental businesses an
Slide 7: Dividend
thl 2024 ANNUAL MEETING PRESENTATION 7 Dividend Dividends paid in line with policy in FY24 For personal use only • Full year FY24 dividend of 9.5 cents per share • Full year dividend for FY24 represented: ⎼ 7.4% gross dividend yield for NZ-resident shareholders1 and 5.3% cash dividend yield ⎼ 40% pa
Slide 8: A Strong ROFE Discipline
thl 2024 ANNUAL MEETING PRESENTATION 8 A Strong ROFE Discipline Internal target to achieve 15% ROFE For personal use only • The thl Board oversees and approves all major fleet capital expenditure decisions by region and vehicle type • Each request must include an assessment to prove that a 15% ROFE
Slide 9: CEO's Address
thl FY24 ANNUAL RESULTS PRESENTATION 9 For personal use only CEO’s Address Grant Webster CEO & Managing Director
Slide 10: FY24 Summary
thl 2024 ANNUAL MEETING PRESENTATION 10 FY24 Summary Group ROFE of 10% below our internal target Return on Underlying $M NZD Funds EBIT For personal use only Employed1 • Overall results reflect a mixed set of outcomes by area New Zealand Rentals & Sales 45.7 22.1% and geography Australian Rentals, S
Slide 11: Highlights
thl 2024 ANNUAL MEETING PRESENTATION 11 Highlights Record results from all New Zealand divisions For personal use only • Record EBIT results from New Zealand Rentals, Action Manufacturing and the Tourism divisions • Acquisition of Camperagent RV, a leading RV dealership in South Australia • $165 mil
Slide 12: The Global Operating Context
thl 2024 ANNUAL MEETING PRESENTATION 12 The Global Operating Context International tourism is key for rentals INTERNATIONAL VISITOR ARRIVALS (COMPARED TO 2019)1 For personal use only COUNTRY 2022 2023 2024 YTD RENTALS New -63% -24% -16% • The recovery of international tourism volumes is key for our
Slide 13: Cost-Out and Optimisation Initiatives
thl 2024 ANNUAL MEETING PRESENTATION 13 Cost-Out and Optimisation Initiatives Targeting NPAT improvement of at least $12M in FY27 For personal use only • We believe the integration phase has been implemented well and are shifting to a new phase in 2025 to maximise and optimise • We see an opportunit
Slide 14: Trading Update
thl 2024 ANNUAL MEETING PRESENTATION 14 Trading Update • High season revenue has exceeded the prior year in the USA, on a smaller rental fleet, resulting in higher For personal use only RevPARV NORTHERN • High season revenue in Canada has been broadly flat, on a smaller rental fleet, resulting in hi
Slide 15: Outlook
thl 2024 ANNUAL MEETING PRESENTATION 15 Outlook • Our expectations for FY25 included that the first half would be significantly below FY24, as any overall increase in rental revenue was unlikely to offset a For personal use only weaker performance in vehicle sales • We continue to hold this view for
Slide 16: Formal business
thl FY24 ANNUAL RESULTS PRESENTATION 16 For personal use only Formal business Cathy Quinn ONZM Chair
Slide 17: Resolution: Auditor Remuneration
thl 2024 ANNUAL MEETING PRESENTATION 17 Resolution For personal use only Resolution 1 Auditor Remuneration That the Directors are authorised to fix the remuneration of the auditors for the ensuing year
Slide 18: Proxy Votes
thl 2024 ANNUAL MEETING PRESENTATION 18 Proxy Votes Resolution 1: For personal use only Auditor Remuneration Postal and online votes already cast For 117,572,853 Against 37,795 Abstain 10 Votes appointed to 1,321,193 proxies not yet cast Total 118,931,841
Slide 19: Q&A
thl FY24 ANNUAL RESULTS PRESENTATION 19 For personal use only Q&A Cathy Quinn ONZM Chair
Slide 20: General Business
thl FY24 ANNUAL RESULTS PRESENTATION 20 For personal use only General Business Cathy Quinn ONZM Chair
Slide 21: Disclaimer
thl FY24 ANNUAL RESULTS PRESENTATION 21 21 For personal use only Disclaimer This presentation contains forward- This presentation has been laws. Past performance information This presentation does not take into looking statements and projections. prepared for publication in New given in this present
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