Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2012)
25 slides from Tabcorp's shareholder meeting presentation, Oct 31, 2012
Slide 1: 2012 Annual General Meeting
For personal use only Tabcorp Holdings Limited ABN 66 063 780 709 2012 Annual General Meeting 31 October 2012
Slide 2: Chairman Paula Dwyer
For personal use only Tabcorp Holdings Limited ABN 66 063 780 709 2012 Annual General Meeting Paula Dwyer Chairman 31 October 2012
Slide 3: Agenda
Agenda For personal use only Chairman’s address 2012: A successful year Financial highlights Capital management and capital investment Market leadership Industry partnerships and contributions Sustainability and Tabcorp in the community Board update Supreme Court proceedings The future Managing Dire
Slide 4: 2012 review
2012 review For personal use only A successful year – operationally and financially Demerger implemented and separation completed Transition to new Victorian gambling industry structure well executed Seamless transition to new Victorian Wagering and Betting Licence Smooth transition out of Victorian
Slide 5: 2012 review – financial highlights
2012 review – financial highlights For personal use only Revenues, $3,038.5m, up 3.1% EBIT $591.7m, up 5.2%1 NPAT from continuing operations $340.0m, up 12.7%1 EPS from continuing operations 47.6 cents, up 4.6%1 Dividend 24 cents, fully franked Payout ratio 50.9% of NPAT 1 Prior year comparative fro
Slide 6: Capital structure
Capital structure For personal use only Tabcorp has a well diversified debt structure $m 900 800 700 600 500 400 300 284 200 400 400 250 100 211 150 0 FY13 FY14 FY15 FY16 FY17 FY18 FY19+ Bank facilities Medium Term notes (May 2014) Tabcorp Retail bonds (May 2014) Tabcorp Subordinated notes US Privat
Slide 7: Capex
Capex For personal use only Tabcorp invested significant capital into new investments in FY12 Capex Spend - Growth vs BAU Major capex projects $m Major capex projects in FY12 200 New Victorian Keno roll out 150 TGS loyalty system and EGMs 150 119 New tab.com.au website Venue expansion 100 Trackside
Slide 8: Market leading businesses
Market leading businesses For personal use only Tabcorp has a unique multi-product, multi-channel gambling entertainment business Channels Product Brands Licence expiry % EBITDA Retail / Live events Digital / Account International NSW 2,130 outlets Internet NSW 2097 Victoria 720 outlets Mobile devic
Slide 9: Australia's most trusted Wagering brand
Australia’s most trusted Wagering brand For personal use only Positioning the new TAB brand as contemporary, fresh and relevant for today’s customers 9
Slide 10: Contributions to racing industry and the community
Contributions to racing industry and the community For personal use only Income generated for Australian racing industry exceeded $650m in FY12 $324m for Victoria $239m for New South Wales $52m broadcast rights and international commissions $38m race fields fees Gambling taxes $1.12b 10
Slide 11: Responsible gambling leadership
Responsible gambling leadership For personal use only Tabcorp rated as overall global gambling industry leader in the 2012 Dow Jones Sustainability Indexes annual review 100% rating in the “Promoting Responsible Gaming” category; sixth year running Responsible gambling is core to Tabcorp’s philosoph
Slide 12: Board update
For personal use only Board update 12
Slide 13: Entitlement to refund in relation to Victorian licences
Entitlement to refund in relation to the Victorian Gaming Licence and the Victorian Wagering Licence For personal use only 13
Slide 14: The future
The future For personal use only Tabcorp’s businesses are trading well in their respective markets A future growth strategy based on: Market-leading distribution channels Market-leading brands and products Long-dated licences Strong government, industry and partner relationships 14
Slide 15: Managing Director and CEO David Attenborough
For personal use only Tabcorp Holdings Limited ABN 66 063 780 709 2012 Annual General Meeting David Attenborough Managing Director and Chief Executive Officer 31 October 2012
Slide 16: Agenda
Agenda For personal use only Overview Wagering Media and International Gaming Keno Trading update Our partners and our people The way forward 16
Slide 17: 2012 Wagering highlights
2012 Wagering highlights For personal use only Revenues $1,637.4m 4.4% Expenses $279.8m 6.2% EBITDA $313.5m 9.0% EBIT $242.2m 10.0% 17
Slide 18: Wagering: KPIs
Wagering: KPIs For personal use only Fixed Odds strong growth of 41.5% Growth offsetting decline in totalisator revenue Trackside growth continues in NSW and Victoria Improved Luxbet yield and strong 2H turnover Online turnover growth of 14.5%, excluding Luxbet New account openings up 21% on prior p
Slide 19: 2012 Media and International highlights
2012 Media and International highlights For personal use only Revenues $190.2m 6.1% Expenses $113.4m 4.6% EBITDA $65.7m 9.9% EBIT $57.1m 8.1% 19
Slide 20: 2012 Gaming highlights
2012 Gaming highlights For personal use only Revenues $1,078.9m 0.1% Expenses $35.4m (3.5%) EBITDA $282.6m 1.1% EBIT $244.1m 1.1% 20
Slide 21: 2012 Keno highlights
2012 Keno highlights For personal use only Revenues $183.1m 8.0% Expenses $38.6m 12.9% EBITDA $63.4m 4.6% EBIT $48.3m (1.0%) 2012 Keno highlights 21
Slide 22: 1Q13 Trading Update
1Q13 Trading Update For personal use only Tabcorp’s revenue growth continued into 1Q13. Wagering declined due to change in Victorian Licence terms Revenue ($m) 1Q13 1Q12 Change Wagering 384.6 394.1 (2.4%) Media & International 49.5 46.6 6.2% TGS 13.1 1.1 >100% Keno 53.9 45.8 17.7% Total - continuing
Slide 23: Tabcorp's people
For personal use only Tabcorp’s people 23
Slide 24: Tabcorp in the community
Tabcorp in the community For personal use only 24
Slide 25: For personal use only
BACKED 8Y TABCORP RACING TGS
Tabcorp Holdings — Shareholder Meeting (October 2012) on 6ix