Mcmillan Shakespeare Limited · ASX:MMS

Mcmillan Shakespeare — Shareholder Meeting (October 2012)

16 slides from Mcmillan Shakespeare's shareholder meeting presentation, Oct 22, 2012

  1. Slide 1: MMS Group Annual General Meeting

    For personal use only MMS Group Annual General Meeting

  2. Slide 2: Consolidated financial performance

    For personal use only PagePage 2 2 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Consolidated financial performance FY12 FY11 $000 $000 Total Total Revenue from operating activities 300,626 270,538 Expenses 222,950 205,971 Pre tax profit from operating activities 77,676 64,567 Ope

  3. Slide 3: Financial highlights

    For personal use only PagePage 3 3 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Financial highlights A year of consistent delivery, ongoing organic profitable growth and gathering momentum. Consolidated NPAT of $54.3m (growth of 25%). Diluted EPS growth of 21%. Group Remuneration

  4. Slide 4: Financial highlights (cont'd)

    For personal use only PagePage 4 4 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Financial highlights (cont’d) Strong free cashflow ($56.3m pre-fleet increase). Final dividend of 25cps (total FY12 dividend of 47cps versus 38cps FY11). FY12 payout ratio of 61%. Return on equity of

  5. Slide 5: Normalised NPAT

    For personal use only PagePage 5 5 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Normalised(1) NPAT 54.3 55 50 NPAT 7-year CAGR of 40% 43.5 45 40 35 ($m) 30 27.9 25 20.5 20 17.4 15 13.2 11.3 10 5.2 5 0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Note 1: Normalised NPAT excludes the pr

  6. Slide 6: Historical earnings and dividends per share

    For personal use only PagePage 6 6 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Historical earnings and dividends per share Normalised (1) earnings per share (EPS) Total dividends per share 90.0 50.0 80.0 45.0 70.0 40.0 Basic EPS 7-year CAGR of 38.2% 60.0 35.0 50.0 cents 30.0 cen

  7. Slide 7: Definition of segments

    For personal use only PagePage 7 7 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Definition of segments Group Remuneration Services segment definition: The segment provides administrative services in respect of salary packaging and facilitates the settlement of motor vehicle novat

  8. Slide 8: Group Remuneration Services financial performance

    For personal use only PagePage 8 8 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Group Remuneration Services financial performance FY12 FY11 % $000 $000 Inc Comment Segment revenue 137,284 111,648 23% (ex float interest 24%) Expenses Employee expenses 54,250 43,908 24% SA Govt tra

  9. Slide 9: Competitive strengths and performance indices

    For personal use only PagePage 9 9 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Competitive strengths and performance indices Group Remuneration Services Productivity Index (7/08 = 100) MMS Customer Satisfaction Index [Rolling 3 month Revenue (ex SP Interest) / FTE] December 2008

  10. Slide 10: Asset Management segment financial performance

    For personal use only PagePage 10 10 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Asset Management segment financial performance FY12 FY11 % $000 $000 Inc Comment Segment revenue 163,342 158,890 3% Expenses Depreciation of motor vehicle fleet 66,942 63,681 5% Interest on fleet fi

  11. Slide 11: Asset Management segment commentary

    For personal use only PagePage 11 11 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Asset Management segment commentary Business growth gathering momentum (assets under finance $262m versus $220 FY11; $214m FY10). Strong NPAT performance of 6% growth (normalised for FY11 tyre and m

  12. Slide 12: Asset Management segment commentary (cont'd)

    For personal use only PagePage 12 12 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Asset Management segment commentary (cont’d) Strong remarketing performance. Increase in yield from in-life services, through leveraging combined scale of Asset Management and Group Remuneration Ser

  13. Slide 13: FY12 Key points

    For personal use only PagePage 13 13 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation FY12 Key points Business combination (Group Remuneration Services and Asset Management) strategy working well: increasing new business in private sector; better cost of funds; better yield from valu

  14. Slide 14: FY12 Key points (cont'd)

    For personal use only PagePage 14 14 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation FY12 Key points (cont’d) Business Intelligence enhanced capability on track for completion in FY13. Salary packaging system upgrade to commence FY13. New premises and staff in S.A. to support S.A. G

  15. Slide 15: Sensitivities

    For personal use only PagePage 15 15 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Sensitivities Interest rates (earnings on float). Second hand car prices (remarketing earnings). New car sales (novated lease participation). Government austerity/redundancy programs. Delivery of ne

  16. Slide 16: Outlook and update

    For personal use only PagePage 16 16 MMS Group MMS Group Annual General 2012 AGM Meeting Presentation Outlook and update Ongoing profitable growth through new contracts won over the past 12-18 months and ongoing participation growth. Group financial performance for 1QFY13 in line with our expectatio

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