Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — Shareholder Meeting (November 2008)
14 slides from Flight Centre Travel's shareholder meeting presentation, Nov 3, 2008
Slide 1: Flight Centre Limited Annual General Meeting
For personal use only Flight Centre Limited Annual General Meeting November 3, 2008
Slide 2: Management team
Management team For personal use only Acting CEO: Shannon O’Brien EGM Land: Melanie Waters-Ryan EGM Marketing: Colin Bowman EGM Corporate: Anthony Grigson EGM Peopleworks: Michael Murphy CFO: Andrew Flannery EGM Air and IT: Allisa Pollok 2
Slide 3: 2008 results
2008 results For personal use only RESULTS IN BRIEF RESULTS IN BRIEF 2008 JUNE 2007 % Variance (excl abnormal) $’ million TTV TOTAL $10,882 $8,875 22.6% TOTAL – excl Liberty $10,046 $8,875 13.2% REVENUE TOTAL $1,454 $1,154 26.0% Total – excl Liberty $1,366 $1,154 18.4% EBITDA $244.4 $175.0 39.7% EBI
Slide 4: Global footprint
Global footprint For personal use only CANADA UNITED KINGDOM GREATER CHINA TTV : $667m up 4.4% TTV : $1.2b up 3.3% (16.9% in local currency) (13.7% in local currency) TTV : $92m up 12.2% 168 businesses 198 businesses (27.1% in local currency) 34 businesses LIBERTY TTV : $835m (5 months) 232 business
Slide 5: 2008 highlights
2008 highlights For personal use only RECORD RESULTS TTV exceeded $10billion, revenue topped $1.5billion and pretax profit surpassed $200m for first time Good increase in income margin – up to 13.36% at June 30, 2008 MARGIN GROWTH SHAREHOLDER Basic earnings per share up to $1.47 and increased interi
Slide 6: 2008 profit drivers
2008 profit drivers For personal use only TTV GROWTH Largest year of global expansion – organic growth, acquisitions & JVs GROSS MARGIN Land & higher margin air sales, access to wholesale margin ONLINE & IT PLATFORM Various projects completed & in roll out PEOPLE Focus on training & developmen
Slide 7: 2009 profit drivers
2009 profit drivers For personal use only PEOPLE Attract and retain the right people GROWTH Grow core, specialist and new businesses SALES Continue to develop an integrated and aligned approach to sales, the customer and marketing PRODUCT Expand the integrated global product and buying system CORPOR
Slide 8: FLT's strengths
FLT’s strengths For personal use only DIVERSITY Expanding global brand network – wholly-owned businesses in 10 countries PRODUCT BASE Significant global player in leisure, corporate and wholesale travel STRATEGY Long-term plans in place to boost performance and shareholder returns BALANCE SHEE
Slide 9: 2009 update
2009 update For personal use only FIRST QUARTER Sales growth in order of 5% in organic business, credible profit results, ongoing business investment Volatility in financial markets and currency weakness starting to MARKET CONDITIONS impact – sales slowdown in October IMPACT ON Modest growth expecte
Slide 10: Liberty – progress update
Liberty – progress update For personal use only MARGINS Focus on costs, IT spend, preferred suppliers and structure. More than 300 support roles rationalised SHOPS & NEW Review of shop locations underway – some closures to occur. Refresh BUSINESS program launched, business travel offering CONSULTANT
Slide 11: FLT's growth plan
FLT’s growth plan For personal use only CORE Grow FLT’s retail and corporate mainstream travel businesses. BUSINESS Mainly organic growth but small acquisitions possible during 2008/09 WHOLESALE Expand FLT’s wholesale travel business to give company greater BUSINESS vertical control and margin TRAVE
Slide 12: Capital management
Capital management For personal use only • Relatively conservative approach in past means FLT has strong balance sheet with low debt • Well placed to weather current market volatility • Likely to modestly increase debt levels in future to create additional shareholder value • Major corporate restruc
Slide 13: End of presentation
End of presentation For personal use only Questions 13
Slide 14: Flight Centre "Unbeatable"
Flight Centre “Unbeatable” For personal use only 14
Flight Centre Travel Group — Shareholder Meeting (November 2008) on 6ix