Nine Entertainment Co. Holdings Limited · ASX:NEC
Nine Entertainment — Shareholder Meeting (November 2017)
24 slides from Nine Entertainment's shareholder meeting presentation, Nov 13, 2017
Slide 1: Annual General Meeting, November 13, 2017
A CONMNMUEARLC I G ALEN CE RTAELN TM SETERTAITNEGG Y ON NOVEMBER 13, 2017
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Forward looking statements can generally be identified by or other forecast. Nothing contained in this presentation This document is a presentation of general background the use of forward looking words such as, ‘expect’, nor any information made available to you is,
Slide 3: Chairman's Address - Peter Costello, AC
CHAIRMAN’S ADDRESS PETER COSTELLO, AC 3 Annual General Meeting | Nov 2017
Slide 4: CEO's Address - Hugh Marks
CEO’S ADDRESS HUGH MARKS 4 Annual General Meeting | Nov 2017
Slide 5: Group revenue down 3%: Nine's share momentum improving
• Group revenue down 3%: • NPAT (pre-specific items) of $124m − FTA market soft across the year • Specific Item net cost of $327m, primarily non-cash − Olympics impacted ad market and share • EPS up 4% (Pre-Specific Items) − Nine’s share momentum improving • DPS of 9.5c, fully franked: • Group costs
Slide 6: Television and Digital segment results
CONTINUING BUS. SM FY17 FY16 VARIANCE Television • Revenue down 4% Revenue Television 1,080.4 1,130.0 -4% − Metro FTA market down 3.7% Digital 154.7 149.9 +3% − Regional down 2.8% Corporate 2.7 2.5 - − 35.7% share of metro FTA market − (35% H1 and 36.4% H2) Total rev 1,237.8 1,282.4 -3% • Costs down
Slide 7: Broadcast Television: Australia's leading free-to-air
BROADCAST VIDEO ON DIGITAL CONTENT TELEVISION DEMAND PUBLISHING PRODUCTION Australia’s leading free-to-air Unique mix of leading local Diverse portfolio of leading Television content network in the key advertiser advertising and subscription digital platforms across News, production and demographics
Slide 8: Monthly share ratings performance
• Strong network leadership position in all key marketing demographics – 25-54s, 16-39s, GB+CH1 • Network prime time share growth of c2.5 pts in targeted 25-54 demographics1 • # 1 Total People primary channel prime time share with growth of c3.8 pts 1 MONTHLY SHARE RATINGS PERFORMANCE METRO NETWORK
Slide 9: Annual General Meeting | Nov 2017
9 Annual General Meeting | Nov 2017
Slide 10: Formal Business
FORMAL BUSINESS 10 Annual General Meeting | Nov 2017
Slide 11: Receive Financial Report, Directors' Report and Auditor's Report
To receive and consider the Financial Report of the Company for the year ended 30 June 2017, together with the Directors’ Report and the Auditor’s Report as set out in the Annual Report. Note: There is no voting applicable to this item of business 11 Annual General Meeting | Nov 2017
Slide 12: Resolution 1: Remuneration Report
To consider and, if thought fit, pass the Resolution as a non-binding resolution: “That the Remuneration Report for the year ended 30 June 2017 as set out in the Annual Report be adopted.” Note: The vote on this Resolution is advisory only and does not bind the Company. 12 Annual General Meeting | N
Slide 13: Proxy Count: Remuneration Report
Proxy Count Number Percentage For 701,049,488 96.86% Against 22,247,501 3.07% Open 511,788 0.07% Open Proxies held by Board 283,543 0.04% 13 Annual General Meeting | Nov 2017 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 14: Resolution 2: Election of Janette Kendall
To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To elect Ms Janette Kendall, who was appointed a Director of the Company by the Board, and is required to seek election in accordance with clause 26.6 of the Constitution, as a Director.” Note: The Board recommends that
Slide 15: Proxy Count: Janette Kendall
Proxy Count Number Percentage For 723,115,630 99.90% Against 216,705 0.03% Open 473,785 0.07% Open Proxies held by Board 268,860 0.04% 15 Annual General Meeting | Nov 2017 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 16: Resolution 3: Election of Samantha Lewis
To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To elect Ms Samantha Lewis, who was appointed a Director of the Company by the Board, and is required to seek election in accordance with clause 26.6 of the Constitution, as a Director.” Note: The Board recommends that
Slide 17: Proxy Count: Samantha Lewis
Proxy Count Number Percentage For 722,349,906 99.80% Against 938,429 0.13% Open 477,785 0.07% Open Proxies held by Board 272,860 0.04% 17 Annual General Meeting | Nov 2017 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 18: Resolution 4: Re-election of Peter Costello
To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To re-elect Mr Peter Costello, who retires in accordance with clause 26.10 of the Constitution and offers himself for re-election, as a Director.” Note: The Board recommends that shareholders vote IN FAVOUR of Resolutio
Slide 19: Proxy Count: Peter Costello
Proxy Count Number Percentage For 711,906,188 98.35% Against 11,474,722 1.59% Open 467,120 0.06% Open Proxies held by Board 262,195 0.03% 19 Annual General Meeting | Nov 2017 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 20: Resolution 5: Performance rights to CEO Hugh Marks
To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To approve for all purposes the grant of 958,904 performance rights to the Chief Executive Officer, Mr Hugh Marks, as described in the Explanatory Statement.’” Note: The Board recommends that shareholders vote IN FAVOUR
Slide 21: Proxy Count: 2018 Performance Rights
Proxy Count Number Percentage For 720,994,756 99.62% Against 2,261,515 0.31% Open 524,231 0.07% Open Proxies held by Board 295,986 0.04% 21 Annual General Meeting | Nov 2017 % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 22: Proxy count summary of all resolutions
Resolution 1 Resolution 3 Resolution 5 Resolution 2 Resolution 4 Proxy Count Remuneration Samantha 2018 Perf. Janette Kendall Peter Costello Report Lewis Rights For 96.86% 99.90% 99.80% 98.35% 99.62% Against 3.07% 0.03% 0.13% 1.59% 0.31% Open 0.07% 0.07% 0.07% 0.06% 0.07% Open Proxies held 0.04% 0.0
Slide 23: Question & Answer
QUESTION & ANSWER 23 Annual General Meeting | Nov 2017
Slide 24: Slide 24
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