Lottery Corporation Limited · ASX:TLC
Lottery — The Lottery — Shareholder Meeting (October 2025)
30 slides from Lottery's shareholder meeting presentation, Oct 15, 2025
Slide 1: AGM Addresses and Presentation announcement
15 October 2025 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 ANNUAL GENERAL MEETING ADDRESSES AND PRESENTATION For personal use only Attached are the addresses and an accompanying presentation to be delivered by Doug McTaggart, Chairman, and Sue van der Merwe, Managin
Slide 2: Chairman's Address
The Lottery Corporation Limited ABN 21 081 925 706 Annual General Meeting (AGM) 15 October 2025 CHAIRMAN AND CEO AGM ADDRESSES CHAIRMAN’S ADDRESS It’s my pleasure to deliver the Chairman’s address at this year’s Annual General Meeting, held here in Queensland — a state whose historical ties to lotte
Slide 3: Chairman's Address: investment case and board
Our long-term investment case remains compelling. We have a strong market position supported by long-dated licences, powerful brands, a resilient retail network, broad community acceptance, and a balanced portfolio that delivers both defensive cashflows and attractive growth potential. Board Renewal
Slide 4: Chairman's Address: leverage and regulation
At the conclusion of the 2025 financial year, the Group’s leverage ratio stood at 2.9 times Net Debt to EBITDA. The Board continues to monitor the Company’s capital position and remains committed to returning to our target leverage range of 3.0 to 4.0 times. This approach ensures we maintain financi
Slide 5: Chairman's Address: CEO succession
On behalf of the Board, I extend our sincere thanks to Sue for her outstanding contribution. We wish her the best on her well-earned retirement. In July, we announced the appointment of Wayne Pickup - formerly of Allwyn and Lotto New Zealand - as our new Managing Director and CEO, subject to the rec
Slide 6: Managing Director and CEO's Address
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER’S ADDRESS Thank you, Doug Good morning shareholders and guests. It’s a privilege to be here with you today to talk about The Lottery Corporation. A wonderful company, and industry, that has been a part of my life for the past 35 years. It’s a business th
Slide 7: CEO's Address: costs and FY25 initiatives
We maintained a sharp focus on managing costs. Operating expenses were $307 million - below our guided range of $310–320 million. This was achieved through careful management of discretionary spend, headcount and procurement initiatives. Notwithstanding this, key headwinds included the full year run
Slide 8: CEO's Address: terminals, Keno
In parallel, we began rolling out new lottery terminals in our retail network - completing Queensland on schedule. These terminals modernise our retail footprint, improve the in-store experience and deliver cost efficiencies – supporting future innovation. We also deepened our community connection b
Slide 9: CEO's Address: community impact
This widespread distribution of value underpins trust in our games and their role in supporting communities. Beyond this, our broader community contributions supported initiatives in health and medical research, education, homelessness and mental health, and disaster-affected communities. Amplifying
Slide 10: CEO's Address: FY26 outlook
We will continue to invest in customer experience and improve customer conversion by: • rolling out new in-store payment options; • expanding automation and self-service; and • extending our new retail terminal rollout. These initiatives are key enablers of our broader digital and omni-channel strat
Slide 11: CEO's Address: closing to shareholders
Finally, to our more than 140,000 shareholders - thank you for your continued support and trust in The Lottery Corporation. This is not just a high-performing lottery business. It’s a Company deeply embedded in the Australian community, creating positive impact for customers, small businesses and go
Slide 12: Annual General Meeting 2025
2025 Annual General For personal use only Meeting Annual General Meeting 2025
Slide 13: Acknowledgement of Country
Acknowledgement of Country For personal use only The Lottery Corporation acknowledges the Traditional Custodians and First Peoples of Australia and their continuing connection with the lands on which our offices, retail outlets and venues operate. Through our commitment to reconciliation, we can bui
Slide 14: Chairman's Address
Chairman’s Address For personal use only Annual General Meeting 2025 5
Slide 15: A heritage of life-changing wins and supporting the community
A heritage of life-changing wins and supporting the community For personal use only 6
Slide 16: Resilient financial performance in FY25; ordinary dividend increased
Resilient financial performance in FY25; ordinary dividend increased For personal use only 7
Slide 17: Board of Directors
The Lottery Corporation Board of Directors For personal use only Doug McTaggart Sue van der Merwe Harry Boon Stephen Morro Independent Chairman Managing Director and Independent Independent Chief Executive Officer Non-executive Director Non-executive Director John O’Sullivan Megan Quinn Tim Poole An
Slide 18: Key Priorities for FY26
Key Priorities for FY26 • Implement Powerball subscription price change - Targeting November 20251 • Dynamic product portfolio optimisation - prize offers, brand positioning • Launch new brand marketing campaigns – The Lott, Oz Lotto, Set for Life • Progress changes for Set for Life game - Targeting
Slide 19: Advocating for a sustainable lotteries and keno sector
For personal use only Advocating for a sustainable lotteries and keno sector 10
Slide 20: Managing Director & CEO Appointment
Managing Director & CEO Appointment For personal use only Wayne Pickup to commence as MD & CEO in November 2025, subject to receipt of all necessary regulatory approvals. The Board congratulates Sue van der Merwe for her outstanding contribution to The Lottery Corporation. 11
Slide 21: Well positioned to deliver sustainable value for all stakeholders
For personal use only The Lottery Corporation is well positioned to continue to deliver sustainable value for all our stakeholders 12
Slide 22: MD & CEO's Address
MD & CEO’s For personal use only Address Annual General Meeting 2025 13
Slide 23: A track record of sustained industry growth and resilience
A track record of sustained industry growth and resilience Positive growth in the 3-year average turnover, notwithstanding short-term fluctuations due to jackpot variability Australian Industry Turnover – Lotteries and Keno (A$bn)1,2 COVID-19 4.8% Global Financial Crisis p.a. For personal use only C
Slide 24: Portfolio diversification and active management delivered resilient financial performance
Portfolio diversification and active management delivered a resilient financial performance For personal use only 15
Slide 25: Major initiatives delivered in FY25
Major initiatives delivered in FY25 A successful year delivering against our strategy Compelling product and game enhancements For personal use only Digital transformation acceleration Retail environment and experience uplift Play for Purpose integrated into The Lott’s digital channels Delivering ou
Slide 26: The vast majority of our turnover goes back to Australian communities
The vast majority of our turnover goes back to Australian communities To our winners, to small business via our retail and venue partners, to our charity and industry partners, and to the broader community For personal use only 17
Slide 27: Amplifying our community impact
Amplifying our community impact Our purpose is to create positive impacts – for our customers, our people and the communities we operate in Enabling Supporting our Operating Responsibly Enabling our People For personal use only Responsible Play Community 18
Slide 28: FY26 priorities
FY26 priorities Supporting sustainable growth and driving shareholder value Strategy focused on maximising digitalisation opportunities and registered customer growth For personal use only Ongoing portfolio innovation driving growth Maintaining capital and cost discipline alongside balance sheet fle
Slide 29: The leader in Australia's lotteries and keno market
For personal use only The Lottery Corporation The leader in Australia’s lotteries and keno market and one of the highest performing lotteries businesses globally 20
Slide 30: Disclaimer
Disclaimer This presentation (Presentation) contains summary information about the current activities of The Lottery Corporation Limited (The Lottery Corporation) and its subsidiaries. It should be read in conjunction with The Lottery Corporation’s other periodic and continuous disclosure announceme