Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (November 2006)
23 slides from Tabcorp's shareholder meeting presentation, Nov 27, 2006
Slide 1: Tabcorp - the bigger better game
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Slide 2: Tabcorp Holdings Limited 2006 Annual General Meeting - Chairman
Tabcorp Holdings Limited 2006 Annual General Meeting Michael Robinson Chairman Monday 27 November 2006 2
Slide 3: Tabcorp's vision
Tabcorp’s vision ¾ Australia’s premier gambling and entertainment group ¾ Creating the bigger better game for: Our shareholders; Our customers; Our people; and Our community AGM November 2006 3
Slide 4: Increasing dividend stream
Increasing dividend stream (cents per share fully franked) 100 90 80 70 60 50 40 30 20 10 0 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 AGM November 2006 4
Slide 5: Shareholder returns
Shareholder returns Tabcorp accumulated returns $13,000 ($1,000 initial investment for individual investors after tax) $12,175 $12,000 $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,210 $4,000 $3,000 $2,000 $1,000 $0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Tabcorp acc
Slide 6: Responsible gambling and community leadership
Responsible gambling and community leadership ¾ Promoting responsible gambling ¾ Supporting our communities through: Donations; Employee volunteering; Contributing facilities; and Other resources AGM November 2006 6
Slide 7: Tabcorp - the bigger better game
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Slide 8: 2006 Annual General Meeting - Managing Director and CEO
Tabcorp Holdings Limited 2006 Annual General Meeting Matthew Slatter Managing Director and Chief Executive Officer Monday 27 November 2006 8
Slide 9: Overview – Tabcorp businesses
Overview – Tabcorp businesses % of EBIT ¾ ¾ Four properties 386 tables Casinos 45% 4,595 EGMs ¾ > 50,000 visitors/day ¾ 13,614 EGMs ¾ 264 venues Enterprise value ~ $11.0b Gaming 28% ¾ 1.14m players ¾ 2,099 Keno venues ¾ Over 2,700 retail outlets ¾ On-course, internet, phone Wagering 23% ¾ 700,00
Slide 10: 5 year financial scorecard
5 year financial scorecard 1 1 NPAT $m Earnings per share (c) 600 120.0 5 year CAGR 21.6% 5 year CAGR 13.5% 547.3 110.0 104.3 511.7 99.0 500 100.0 92.5 90.0 400 364.9 80.0 74.3 76.4 70.0 300 277.3 281.1 60.0 200 50.0 2001/02 2002/03 2003/04 2004/05 2005/06 2001/02 2002/03 2003/04 2004/05 2005/06 2 D
Slide 11: Divisional Performance
Divisional Performance 1000000 $m 1 12 months to 12 months to Change 30 June 061 30 June 051 Net operating revenue Casinos 1,330.1 1,274.9 4.3% Gaming 1,046.2 1,010.1 3.6% Wagering 1,318.6 1,319.8 (0.1)% Media 113.6 127.4 (10.8)% International 9.4 10.0 (6.1)% Tabcorp net operating revenue 3,778.6 3,
Slide 12: China Keno
China Keno Achievements to date: ¾260 terminals ¾259 Venues ¾28 Provinces ¾Rollout program in 07: - several thousand terminals ¾ Develop integrated marketing sales program with CLO AGM November 2006 12
Slide 13: Project Align - benefits
Project Align - benefits Objective: Align resources for group efficiency, growth and accountability Accelerate growth Already decided Under Review ¾ Creation of Shared service ¾ Corporate resources for Finance and HR and structure ¾Strengthening of group ¾Technical Services wide procurement resource
Slide 14: Casinos – An entertainment destination
Casinos – An entertainment destination ¾ New Gold Coast main gaming floor & property destination ¾ New restaurants and bars Opened July 2006 Opened August 2006 Opened September 2006 AGM November 2006 14
Slide 15: Star City - Priscilla Queen of the Desert
Star City - Priscilla Queen of the Desert AGM November 2006 15
Slide 16: New Zealand racing
New Zealand racing ¾ Signing of MOU with NZ Racing Board to increase racing coverage AGM November 2006 16
Slide 17: Sportsbetting
Sportsbetting ¾ World Cup total sales of $97.4m, producing $16.7m in revenue $11.6m of revenue in FY06 $5.1m of revenue in FY07 ¾ 10,575 new accounts 2006 2002 % KPIs World Cup World Cup pcp Total sales ($M) 97.4 54.9 77% Retail & licensed venue sales ($M) 69.6 46.1 51% Internet bets made (M) 19
Slide 18: Gaming ~ R&R club
Gaming ~ R&R club Welcome to The R&R Club: A whole of venue entertainment and leisure programme • 50 venues successfully launched • Launch to be completed in Dec 2006 with 120 venues • www.randrclub.com.au website launched • Our first ‘Swipestakes’ winner drawn - off on a Queensland holiday AGM Nove
Slide 19: Responsible Gambling
Responsible Gambling ¾ Reputex re-rating from “B” to “A” and inclusion in the Reputex Social Responsibility Index ¾ Implementation of a revised Responsible Gambling Code across the Tabcorp Group – based on global best practice ¾ Betcare self-exclusion program introduced across Victorian and New Sout
Slide 20: Victorian license renewal timeline
Victorian license renewal timeline 2 March March 2006 2006 ¾ Government released issues papers and calls for submissions 4 May 2006 May 2006 ¾ >100 submissions received from industry players, local councils, and community groups: Majority commenting on the Gaming industry structure and significant
Slide 21: Performance to 18th November 2006
Performance to 18th November 2006 1 Net Revenue ($M) Actual Normalised 2005/06 2006/07 Group 1,505.5 1,563.8 3.9% 4.8% Casinos 498.2 498.6 (0.1%) 2.7% Gaming 449.2 2.3% 439.3 Wagering 8.8% 567.0 521.1 1 Represents the period from 1 July to 18th November AGM November 2006 21
Slide 22: AGM November 2006
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Slide 23: Tabcorp - the bigger better game
| & Tabcorp the bigger better game
Tabcorp Holdings — Shareholder Meeting (November 2006) on 6ix