Corporate Travel Management Limited · ASX:CTD
Corporate Travel Management — Shareholder Meeting (October 2021)
21 slides from Corporate Travel Management's shareholder meeting presentation, Oct 28, 2021
Slide 1: 2021 AGM – Chairman & Managing Director Address and Presentation
ASX Announcement 28 October 2021 2021 AGM – Chairman & Managing Director Address and Presentation Please find attached the following documents to be presented at Corporate Travel Management Limited’s 2021 Annual General Meeting being held today: 1. Chairman’s address; and 2. AGM Presentation Slides.
Slide 2: Chairman's Address: FY21 Results
CORPORATE TRAVEL MANAGEMENT LIMITED 2021 ANNUAL GENERAL MEETING Chairman’s Address: Ewen Crouch AM Before we get to the formal items of business, I would like to provide some brief observations about the Group and the operating environment. As we meet today there are good grounds for rising optimism
Slide 3: Chairman's Address: Awards, Recovery and Dividend Policy
We are extremely proud to have been acknowledged across our global markets, with awards for excellence in travel management and technology innovation, as well as for our specialist events and leisure services. These included CTM being named the ‘Leading Travel Management Company’ in both Australia a
Slide 4: Sustainability
SUSTAINABILITY This year we released a more detailed Sustainability Report, which can be found in our 2021 Annual Report. The report focuses on the material risks and opportunities that we believe will determine CTM’s sustainability over the longer term. We have broadly aligned our reporting framewo
Slide 5: Remuneration
Cowboys House in North Queensland. During these challenging times, the health and safety of our people continued to be paramount, we have supported our employees with a variety of initiatives promoting health and mental wellbeing locally in each region. We launched a new Global Learning Management s
Slide 6: Remuneration: FY22 equity incentive program
The FY22 equity incentive program has also specifically been adjusted to enable grants across two- and three-year performance periods to address these ongoing challenges in the travel industry while seeking to focus our staff on sustainable growth and shareholder alignment by having ‘skin in the gam
Slide 7: Chairman's Address: Thanks and Outlook
global expertise in cross border travel and logistics has not only supported our high client retention but also delivered client wins. I would like to thank and acknowledge all CTM management and team members for their efforts and contributions over the last 12 months. We acknowledge the challenges
Slide 8: CTM Sustainability Strategy
CTM Sustainability Strategy Corporate Travel Management ANNUAL GENERAL MEETING 28 October 2021 CTM North America regional HQ
Slide 9: CTM Board
CTM Board Sophie Mitchell Jamie Pherous Independent Non-Executive Executive Director, Director Managing Director Ewen Crouch AM Jon Brett Laura Ruffles Chairman Independent Non-Executive Executive Director, Independent Non-Executive Director Global COO Director 2
Slide 10: Ewen Crouch AM, Chairman
Ewen Crouch AM Chairman Independent Non-Executive Director 3
Slide 11: Group financial summary
Group financial summary. YoY (AUD$m) FY20 1H21 3Q21 4Q21 2H21 FY21 Change TTV 4,561.8 403.8 384.1 821.5 1,205.6 1,609.4 (65%) Revenue and other income 349.9 74.2 52.2 74.1 126.3 200.5 (43%) Underlying EBITDA 74.41 (15.3)2 (5.5) 13.6 8.1 (7.2) (110%) EBITDA / Rev & Oth Inc Margin 21.3% (20.6%) (10.5%
Slide 12: Rapid return to underlying profitability in 4Q21
Rapid return to underlying profitability in 4Q21 FY21 Revenue and other income FY21 Underlying EBITDA (A$m) (A$m) $80m 42% $15.0m $19.1m $70m $74m $10.0m $60m 16% $13.6m $50m 55% $52m $5.0m $40m $45m* $30m $0.0m $29m -$5.5m $20m -$7.1m -$8.2m* -$5.0m $10m $0m -$10.0m Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • 4Q21 a
Slide 13: Our sustainability pillars
Our sustainability pillars 6
Slide 14: Jamie Pherous, Managing Director
Jamie Pherous Managing Director 7
Slide 15: FY22 Trading update
FY22 Trading update 8
Slide 16: CTM trading highlights - 1H22 on track
CTM trading highlights- 1H22 on track. 1. Continuing underlying positive EBITDA into FY22, following on from 4Q21 profitability • 1Q22 delivered in line with internal forecast, 1H22 on track • North America (NA), Europe (EU), ANZ continued profitability through 1Q22 • Profitability allows CTM to rei
Slide 17: A significantly larger business post-COVID - recovery on track
A significantly larger business post-COVID- recovery on track. Revenue recovery to proforma CY19* Targeted EBITDA upon full revenue recovery* 800 250 700 +57% +57% 200 600 $235m* 500 150 400 $720m* 300 100 $150m $459m 200 50 100 0 0 CY19 Actual Proforma CY19 CY19 Actual Full Recovery Full revenue re
Slide 18: Trading update: Continuing profitability into FY22
Trading update: Continuing profitability into FY22 1Q22 in line with internal forecast with TTV$1.1bn (up 30% on 4Q21) Revenue & Other Income ($Am) • 1Q is seasonally the weakest quarter for CTM due to the very high revenue weighting to $100m NA and EU summer vacation period (Jul - early Sep) 12% $8
Slide 19: FY22: Trading update by region, post 1Q22
FY22: Trading update by region, post 1Q22 Region Current status @ 25 Oct 2021 Looking forward- trading highlights @ 25 Oct 2021 Domestic and international opened w/o • Region demonstrates CTM can return to record profitability on reduced revenues • Expect further recovery with trans-Atlantic opened
Slide 20: FY22 trading update continued
FY22 trading update continued 1H22 on track: • 1Q22 delivered in line with internal forecasts. Continued positive underlying EBITDA. • 2Q22 expect momentum to build as NA and UK/Europe fully open to both domestic and international (Thanksgiving/Christmas will impact) 2H22 expect significant momentum
Slide 21: travelctm.com
ccm travelctm.com 14
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