Freightways Group Limited · NZX:FRW
Freightways — Shareholder Meeting (October 2009)
27 slides from Freightways's shareholder meeting presentation, Oct 29, 2009
Slide 1: Annual Shareholders Meeting 29 October 2009
Annual Shareholders Meeting 29 October 2009
Slide 2: Wayne Boyd, Chairman
Freightways Wayne Boyd, Chairman
Slide 3: Agenda
Agenda ¾ Chairman’s introduction ¾ Managing Director’s review and trading update ¾ Resolutions
Slide 4: General Highlights
General Highlights • Overall satisfactory performance in a difficult operating environment • Very good ‘information management’ division result • Successful completion of a range of capital management initiatives to strengthen FRE balance sheet
Slide 5: Financial Highlights
Financial Highlights Jun-09 Jun-08 Increase $000 $000 % Operating revenue 339,491 323,910 5% EBITDA 70,548 68,463 3% EBITA 60,971 60,478 1% NPAT 34,593 32,250 7% EPS (cents) 26.1 25.1 4% NB : Included in t he above EBIT DA and EBIT A numbers is a one-off profit of $4m (NP AT included $3.9m) generat
Slide 6: Capital Management Initiatives
Capital Management Initiatives • $49m received from capital raisings completed in 2009 • $8.3m received from property sale and lease-back • DRP implemented in respect of FY09 final dividend • Finance facilities renewed out to August 2012 • All proceeds used to reduce net debt position to strengthen
Slide 7: Dividend
Dividend • Final dividend: 8.5 cps • Imputation credits: 4.2 cps • Supplementary dividend: 1.5 cps • Record date: 18 September 2009 • Payment date: 30 September 2009 • DRP offered in respect of the 2009 Final Dividend
Slide 8: Dean Bracewell, Managing Director Review and Trading Update
Dean Bracewell, Managing Director Review and Trading Update
Slide 9: Managing Director's Presentation
Managing Director’s Presentation ¾ Industry overview and business description ¾ Business strategy ¾ Trading update ¾ Outlook
Slide 10: Express Package & Business Mail
Express Package & Business Mail Industry Overview and Business Description
Slide 11: Express Package: Industry Overview
Express Package Industry Overview • Services embedded in supply chains of businesses • Consolidated industry structure • Growth underpinned by demand for Just-in-Time supply • Market has expanded as postal operators transition traditional ‘parcel’ volume to ‘express packages’
Slide 12: Express Package & Business Mail: Business description
Express Package & Business Mail Business description Network courier Point-to-point Business mail Support
Slide 13: Information Management
Information Management Industry Overview and Business description
Slide 14: Information Management: Industry Overview
Information Management Industry Overview • Accelerating growth opportunity driven by: – Demand for expert management of business data – Risk management – Compliance requirements – Lower cost outsourcing • Recurring revenue streams • Consolidated industry structure
Slide 15: Information Management: Business Description
Information Management Business Description New Zealand NSW VIC QLD ACT SA WA Document --- Storage Data Storage Document --- --- --- --- Destruction
Slide 16: Business Strategy
Business Strategy Hubs Shuttle Links Courier "Spoke" to/from area Geographic Area
Slide 17: Business strategy
Business strategy • Develop organic growth opportunities • Positioning, People, Performance, Profit • Explore complementary acquisition and alliance opportunities
Slide 18: Trading Update
Freightways Trading Update
Slide 19: Operating Revenue
Operating Revenue 400 350 300 250 2nd Half $M 200 1st Half 150 100 50 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Ended 30 June • 5% revenue growth compared to 2008 • 10-year compound average annual revenue growth of 8%
Slide 20: EBITA
EBITA 70 60 50 40 2nd Half $M 30 1st Half 20 10 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Ended 30 June • 1% EBITA growth compared to 2008 • 10-year compound average annual EBITA growth of 13%
Slide 21: Current Financial Performance
Current Financial Performance Qtr ended 30 September 2009 2008 Variance $000 $000 % Revenue 81,756 86,001 (5%) EBITDA 15,100 15,939 (5%) EBITA 12,683 13,704 (7.5%) NPAT 7,002 6,842 2% NB: - 2009 numbers are drawn from unaudited management accounts. - 2008 numbers have been normalised to remove an ex
Slide 22: Outlook
Freightways Outlook
Slide 23: Outlook
Outlook • Express Package & Business Mail division will track behind last year until a sustained improvement in the economy is evidenced • Information Management division will initially track behind last year before improving as new capacity is progressively utilised • Forecast capex of $13m • Capit
Slide 24: Summary
Summary • In a difficult environment, Freightways has reported a satisfactory result • Performance will continue to be impacted by the current economic cycle • Medium to longer term Freightways is very well positioned to benefit from any improvement in the Australasian economy
Slide 25: Questions
Freightways Questions
Slide 26: Resolutions
Resolutions ¾ Election of Directors ¾ Authority to fix Auditors’ remuneration
Slide 27: Annual Shareholders Meeting 29 October 2009
Annual Shareholders Meeting 29 October 2009
Freightways Group — Shareholder Meeting (October 2009) on 6ix