Air New Zealand Limited · NZX:AIR
Air New Zealand — Shareholder Meeting (September 2012)
18 slides from Air New Zealand's shareholder meeting presentation, Sep 28, 2012
Slide 1: 2012 Annual Shareholder Meeting
AIR NEW ZEALAND 2012 Annual Shareholder Meeting For personal use only
Slide 2: Chairman John Palmer
For personal use only Chairman JOHN PALMER
Slide 3: Annual Meeting
Annual Meeting For personal use only • Chairman’s address • Chief Executive Officer’s address • Resolutions • General discussion 3
Slide 4: Financial highlights
Financial highlights For personal use only • Normalised earnings* of $91 million • Statutory net profit of $71 million • Gearing improved to 46.1%** • Net cash position of over $1 billion * Normalised Earnings before Taxation after excluding the net impact of derivatives that hedge exposures in othe
Slide 5: Dividend
Dividend For personal use only • Unimputed final dividend of 3.5 cents per share • Full year dividend of 5.5 cents per share • Total shareholder distributions of over $60 million 5
Slide 6: Outlook
Outlook For personal use only • Normalised earnings expected to more than double, assuming: - Current forecast of market demand - Fuel prices remaining at current levels • Volatile industry with variables beyond our control • However, 3 months into the year we are well placed to deliver 6
Slide 7: Share buyback
Share buyback For personal use only • Current share price undervalued in Board’s view • Undertake on-market share buyback programme • Up to 3% of ordinary shares • Shares acquired to be held as treasury stock • Crown not participating 7
Slide 8: Rob Fyfe, Chief Executive Officer
ROB FYFE Chief Executive Officer For personal use only
Slide 9: Overview
Overview For personal use only • Tough operating conditions persist • Extended period of elevated fuel prices • Cannot count on an economic turnaround • Lean, efficient business adapted to this environment 9
Slide 10: Investing in new fleet
Investing in new fleet For personal use only • Increased fuel efficiency • Longer maintenance intervals • Increased reliability • Better overall customer experience 10
Slide 11: Network optimisation
Network optimisation For personal use only • Matching capacity to demand • Growing yields • Adjusting quickly to changing market conditions 11
Slide 12: Loyalty
Loyalty For personal use only • Airpoints membership up 19% year-on-year • OneSmart performing well • New Shairpoints programme 12
Slide 13: Questions on company performance
For personal use only Questions on company performance
Slide 14: Resolutions
For personal use only Resolutions
Slide 15: Resolutions
Resolutions For personal use only Item 1 • To re-elect Roger France to the Board 15
Slide 16: Resolutions
Resolutions For personal use only Item 2 • To re-elect Warren Larsen to the Board 16
Slide 17: General questions
For personal use only General questions
Slide 18: General Questions
For personal use only General Questions
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