Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (November 2005)
42 slides from Tabcorp's shareholder meeting presentation, Nov 28, 2005
Slide 1: Tabcorp - the bigger better game
| & Tabcorp the bigger better game
Slide 2: Chairman's Presentation
Tabcorp Holdings Limited Annual General Meeting Chairman’s Presentation 28th November 2005 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 3
Slide 4: Increasing dividend stream
Increasing dividend stream (cents per share fully franked) 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 4
Slide 5: Shareholder returns
Shareholder returns Tabcorp accumulated returns ($1,000 initial investment) $18,000 $14,916 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $3,492 $4,000 $2,000 $0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Tabcorp accumulated returns All Ordinaries accumulated returns 5
Slide 6: Increasing enterprise value
Increasing enterprise value ($bn) 12 10 8 6 4 2 0 1994 1999 2003 2004 Now (post Star City) (pre Jupiters) (pre TAB) 6
Slide 7: 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 7
Slide 8: Shareholder opportunities
Shareholder opportunities Engaging our shareholders and providing choice: ¾ Dividend reinvestment plan ¾ Shareholder benefits scheme ¾ Electronic shareholder communications ¾ State of the art website 8
Slide 9: Looking forward
Looking forward ¾ Victorian wagering and gaming licence renewal ¾ 2006 Commonwealth Games ¾ Integrated resort in Singapore ¾ Chinese lottery market 9
Slide 10: Hi, wernt Fe
Hi, wernt Fe : TABARET. connas TAB SIY TREASURY CHANNEL Writers _. BIKY gold | convention and nore TOWNSYVILLE LE coast | exhibition centre * i ‘ S3 Tabcorp the bigger better game
Slide 11: Matthew Slatter, Managing Director & CEO
Tabcorp Holdings Limited Annual General Meeting Matthew Slatter Managing Director & Chief Executive Officer 28th November 2005 11
Slide 12: Match fit
Match fit Aligning and connecting the strengths of the group has created match readiness for the next phase of growth. This presentation looks at what’s been achieved and the expansion of our exportable capability 12
Slide 13: Overview - Tabcorp businesses
Overview – Tabcorp businesses ¾ Four properties in two states 404 tables Casinos 4,532 EGMS 1,399 hotel rooms ¾ Over 50,000 visitors per day ¾ 13,618 EGMs in 270 Victorian Tabaret venues Enterprise value = $10.8b ¾ 320,000 regular EGM players, playing once per week Gaming ¾ 1.14m occasional an
Slide 14: Five year financial scorecard
Five year financial scorecard NPAT $m1 Earnings per Share (c)1 600 110 5 year CAGR 23.0% 513.8 5 year CAGR 13.0% 99.4 100 500 91.1 90 400 364.9 80 76.1 74.4 300 277.3 281.1 70 205.8 60 55.3 200 50 100 40 2000-01 2001-02 2002-03 2003-04 2004-05 2000-01 2001-02 2002-03 2003-04 2004-05 Dividends per Sh
Slide 15: Casinos Division
Casinos Division ntti 4 aL Sh SO ; : . * * _ && Tabcorp the bigger better game
Slide 16: Casinos 2004-05 scorecard
Casinos 2004-05 scorecard Operating Revenue $m1 Up 5.7% 1,300 1,278.8 1,250 1,210.4 1,200 1,150 1,100 2003-04 Pro Forma 2004-05 Actual EBITA $m1 Up 15.4% 420 400 389.6 380 360 340 337.7 320 300 2003-04 Pro Forma 2004-05 Actual 1 Pre goodwill and pre non-recurring items and excludes the impact of abo
Slide 17: Jupiters Gold Coast extension
Jupiters Gold Coast extension 17
Slide 18: Jupiters Townsville Marina project
Jupiters Townsville Marina project Jupiters Hotel and Casino, Townsville 18
Slide 19: Gold Coast Convention & Exhibition Centre
Gold Coast Convention & Exhibition Centre 19
Slide 20: Tabcorp awards
Tabcorp awards 20
Slide 21: Gaming & Network Games Division
Gaming & Network Games Division 21
Slide 22: Gaming & Network Games 2004-05 scorecard
Gaming & Network Games 2004-05 scorecard Operating Revenue $m1 Up 6.4% 1,100 1,050 1,020.1 1,000 958.8 950 900 2003-04 Pro Forma 2004-05 Actual EBITA $m1 Up 10.6% 280 270 260 258.9 250 240 234.0 230 220 2003-04 Pro Forma 2004-05 Actual 1 Pre goodwill and pre non-recurring items 22
Slide 23: Games innovation and membership program
Games innovation and membership program 23
Slide 24: Melbourne 2006 Commonwealth Games promotions
Melbourne 2006 Commonwealth Games promotions 24
Slide 25: Wagering Division
* * * * * * * * Wagering Division * * * * * S3 Tabcorp the bigger better game
Slide 26: Wagering 2004-05 scorecard
Wagering 2004-05 scorecard Operating Revenue $m1 1,340 Up 3.4% 1,320 1,319.8 1,300 1,280 1,276.6 1,260 1,240 1,220 1,200 2003-04 Pro Forma 2004-05 Actual EBITA $m1 Up 9.6% 240 230 225.1 220 210 205.5 200 190 2003-04 Pro Forma 2004-05 Actual 1 Pre goodwill and pre non-recurring items 26
Slide 27: Wagering performance - NSW v. Victoria growth rates
Wagering performance – NSW v. Victoria growth rates NSW VIC 2005 2006 2005 2006 Turnover 1 Jul - 4 May - 1 Jul - 1 Jul - 4 May - 1 Jul - Total Total 3 May 30 Jun 19 Nov 3 May 30 Jun 19 Nov Thoroughbred 3.0% (2.2%) 2.2% (0.9%) 4.7% 2.8% 4.3% 2.1% Harness 1.0% (2.1%) 0.3% (3.5%) 6.4% 5.9% 6.2% 0.8% Gr
Slide 28: TAB Integration
Live For Sport. You Bet! ©&* Tabcorp
Slide 29: NSW venue renovations
NSW venue renovations * * * * ©@* Tabcorp +
Slide 30: Media Division
Media Division P ‘ ‘ ‘ “ Sn Tabcorp the bigger better game
Slide 31: Media 2004-05 scorecard
Media 2004-05 scorecard Operating Revenue $m1 130 Down 0.1% 129 127.5 128 127.4 127 126 125 124 123 122 121 120 2003-04 Pro Forma 2004-05 Actual EBITA $m1 42 Down 1.1% 41.0 41 40.6 40 39 38 37 2003-04 Pro Forma 2004-05 Actual 1 Pre goodwill and pre non-recurring items 31
Slide 32: SKY Channel / Radio
SKY Channel / Radio ST iii TEI © Tabcorp
Slide 33: International Division
* * ‘ @ . Sn Tabcorp the bigger better game
Slide 34: Developing the strategic filter
Developing the strategic filter Strategic filter ¾ Meets financial targets ¾ Customer scale and breadth ¾ Aligned with Tabcorp culture ¾ Leverage Tabcorp capability and expertise ¾ Replicates base business model Strategic opportunity 34
Slide 35: Keno in China
Keno in China ©@* Tabcorp +
Slide 36: Singapore Integrated Resort
Singapore Integrated Resort Urban, South Marina Site 9.4 hectares with the opportunity to add An additional 4.1 hectares 36
Slide 37: Racetrax in North America
Racetrax in North America ©&* Tabcorp
Slide 38: Responsible gambling
Responsible gambling ¾ Dow Jones Sustainability Index recognised Tabcorp as the global leader in the promotion of responsible gambling ¾ Appointment of dedicated senior responsible gambling managers within wagering and gaming KPMG conducted its second independent review of compliance with the Tabcor
Slide 39: Victorian license renewal process
Victorian license renewal process ¾ Government to review industry structure post August 2012 during late 2005 and 2006, followed by a licence awarding process in 2007 ¾ Project team in place and action plan developed to respond to Government process ¾ Tabcorp well placed to be successful, however, i
Slide 40: Performance to 19th November 2005
Performance to 19th November 2005 Net revenue ($m) Actual Normalised Group Group 1,486.2 1,522.2 2.4% 3.2% 1.1% 44.0 50.8 Media 13.3% 13.3% 476.3 503.2 Casinos 5.6% 1.4% Gaming 427.1 443.6 3.9% 3.9% Wagering 532.0 531.4 0.1% 0.1% Jul 1 - Nov 19 Jul 1 - Nov 19 2004 2005 40
Slide 41: Progress and passion
Progress and passion * * * ©@* Tabcorp +
Slide 42: Hi, wernt Fe
Hi, wernt Fe : TABARET. connas TAB SIY TREASURY CHANNEL Writers _. BIKY gold | convention and nore TOWNSYVILLE LE coast | exhibition centre * i ‘ S3 Tabcorp the bigger better game
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