G8 Education Limited · ASX:GEM
G8 Education — Shareholder Meeting (May 2017)
26 slides from G8 Education's shareholder meeting presentation, May 29, 2017
Slide 1: Annual General Meeting
For personal use only Annual General Meeting G8 Education Limited (ASX:GEM) 29 May 2017
Slide 2: Chairman's Address
For personal use only 2 CHAIRMAN’S ADDRESS
Slide 3: Trading and Strategy Update
For personal use only G8 Education – Trading and Strategy Update G8 Education Limited (ASX:GEM) Annual General Meeting - 29 May 2017
Slide 4: Trading Update
Trading Update For personal use only • As announced to the market on 23 May, the Group is forecast to generate an underlying EBIT result for the FY17 year that is in line with market consensus of mid-to-high $170’s million, despite softer occupancy levels • The occupancy decline has been due to indu
Slide 5: G8 Strategic Framework
G8 Strategic Framework For personal use only Our Purpose Why are we here aside To Provide Engaging Care and Education Services that Add Value to Families of making money? Our Goals Where are we heading? 3 Year plan - $1.0bn Revenue, $0.40 EPS, 65% team engagement, 65% customer engagement Our Strateg
Slide 6: Our Strategy: Build a differentiated offer
Our Strategy For personal use only 1. Build a differentiated offer, centred on (1) the relationship between the centre team and families (2) value Outcomes/Measures Initiatives Status Increased Occupancy Engage and develop centre teams On Track CRM Roll-out On Track Customer Segmentation On Track Im
Slide 7: Our Strategy: Grow network, Be Safe
Our Strategy For personal use only 2. Profitably grow our network Outcomes/Measures Initiatives Status Earnings from development Set up Development Team – Off track centres in line with targets - structure, processes, results $50m from 49 new centres 3. Be Safe Outcomes/Measures Initiatives Status R
Slide 8: Our Strategy: Build a great culture
Our Strategy For personal use only 4. Build a great culture, centred on our values and based on teamwork and trust Outcomes/Measures Initiatives Status Reduced Turnover Engagement Survey and On Track An Engaged Team Action Plans Development Plans On Track Great leaders Senior Leadership On Track Dev
Slide 9: Senior Executive Remuneration Framework
For personal use only G8 Education – Senior Executive Remuneration Framework G8 Education Limited (ASX:GEM) Annual General Meeting - 29 May 2017
Slide 10: Agenda
Agenda For personal use only • Background – Changes to the senior executive remuneration framework for G8 Education • Long-term Incentive Plan – key features 10
Slide 11: Senior Executive Remuneration Framework
Senior Executive Remuneration Framework For personal use only • The objective of the senior executive remuneration framework is to attract and retain quality executives to lead the Group, while also ensuring alignment between the Group’s performance and executive remuneration outcomes • The previous
Slide 12: Senior Executive Remuneration Framework
Senior Executive Remuneration Framework For personal use only • The mix of remuneration components for our executive Key Management Personnel (“KMP”) effective from 1 January 2017, is as follows: Name Position FAR STI LTI TAR Managing Director & Chief Gary Carroll 40% Up to 30% Up to 30% 100% Execut
Slide 13: Long-term Incentive Plan – Key Features
Long-term Incentive (“LTI”) Plan – Key Features For personal use only • Participants – Executive Key Management Personnel (“KMP”) and selected senior executives • Service Conditions – 3 years continuous service from the grant date (first exercise date from the first grant will be March 2020) • Perfo
Slide 14: Long-term Incentive Plan – Key Features
Long-term Incentive (“LTI”) Plan – Key Features For personal use only • Having EPS as the performance condition ensures alignment between executive remuneration and shareholder returns • Performance hurdles of 10-15% growth in EPS are considered to be stretch targets • If vesting conditions are met,
Slide 15: Financial Statements and Reports
Financial Statements and Reports For personal use only To receive and consider the Company’s Financial Report, the Directors’ Report and the Auditor’s Report for the period ended 31 December 2016. There is no vote on this item of business. 15
Slide 16: Remuneration Report
Resolution 1– Remuneration Report For personal use only The Company now seeks members’ consideration, and if thought fit, to pass the following Resolution as a non-binding ordinary resolution in accordance with section 250R(2) of the Corporations Act 2001 (Cth): ‘That the Remuneration Report for the
Slide 17: Remuneration Report Votes
Resolution 1– Remuneration Report For personal use only Votes For 179,820,633 Votes Against 10,545,976 Open Proxies held by the Chairman ( to be voted at 157,553 Chairman’s Discretion) Open Proxies held by other Proxy-holders ( to be voted 434,998 at that Proxy-holder’s discretion Votes Abstain 460,
Slide 18: G8 Education Executive Incentive Plan Approval
Resolution 2 – G8 Education Executive Incentive Plan (GEIP) Approval For personal use only The Company seeks members’ consideration, and if thought fit, to pass the following Resolution as an ordinary resolution: ‘ That, for the purposes of Listing Rule 7.1 and in accordance with Listing Rule 7.2 (E
Slide 19: Executive Incentive Plan Approval Votes
Resolution 2 – G8 Education Executive Incentive Plan (GEIP) Approval For personal use only Votes For 178,248,993 Votes Against 12,219,215 Open Proxies held by the Chairman ( to be voted at 187,176 Chairman’s Discretion) Open Proxies held by other Proxy-holders ( to be 438,998 voted at that Proxy-hol
Slide 20: Issue of Performance Rights to Chief Executive Officer
Resolution 3– Issue of Performance Rights to Chief Executive Officer For personal use only The Company seeks members’ consideration and if thought fit, to pass the following Resolution as an ordinary resolution: ‘ That approval be given: (a) for the purposes of Listing Rule 10.14 and for all other p
Slide 21: Performance Rights to CEO Votes
Resolution 3 – Issue of Performance Rights to Chief Executive Officer For personal use only Votes For 186,626,808 Votes Against 3,835,849 Open Proxies held by the Chairman ( to be voted at 196,376 Chairman’s Discretion) Open Proxies held by other Proxy-holders ( to be voted at 438,998 that Proxy-hol
Slide 22: Re-election of a Director
Resolution 4 – Re-election of a Director Brian Hilton Bailison For personal use only G8 Education Limited seeks members’ consideration and if thought fit, to pass the following Resolution as an ordinary resolution: ‘That Mr Brian Bailison who, having been re-elected on 21 May 2015 as a Director in a
Slide 23: Re-election of a Director Votes
Resolution 4 – Re-election of a Director Brian Hilton Bailison For personal use only Votes For 179,443,581 Votes Against 10,958,918 Open Proxies held by the Chairman ( to be voted at 194,853 Chairman’s Discretion) Open Proxies held by other Proxy-holders ( to be voted at 442,434 that Proxy-holder’s
Slide 24: Increase in Non-executive Director Fee Cap
Resolution 5 – Increase in Non-executive Director Fee Cap For personal use only The Company seeks members’ consideration, and if thought fit, to pass the following Resolution as an ordinary resolution: ‘That, for the purpose of Listing Rule 10.17, Article 50(a) of the Company's Constitution and for
Slide 25: Director Fee Cap Votes
Resolution 5 – Increase in Non-executive Director Fee Cap For personal use only Votes For 183,206,830 Votes Against 7,246,727 Open Proxies held by the Chairman ( to be voted at 188,353 Chairman’s Discretion) Open Proxies held by other Proxy-holders ( to be voted 434,998 at that Proxy-holder’s discre
Slide 26: Annual General Meeting
For personal use only Annual General Meeting G8 Education Limited (ASX:GEM) 29 May 2017