Air New Zealand Limited · NZX:AIR
Air New Zealand — Shareholder Meeting (September 2016)
26 slides from Air New Zealand's shareholder meeting presentation, Sep 30, 2016
Slide 1: 2016 Annual Shareholder Meeting
For personal use only 30 September 2016 Tony Carter Chairman Christopher Luxon Chief Executive Officer 2016 Annual Shareholder Meeting 1
Slide 2: Chairman Tony Carter
For personal use only Chairman Tony Carter 2
Slide 3: Board of Directors
For personal use only Board of Directors Tony Carter Jan Dawson Jonathan Mason Rob Jager Dame Therese Walsh Paul Bingham Linda Jenkinson 3
Slide 4: Agenda
Agenda For personal use only Chairman’s address CEO’s address Questions on performance and outlook Resolutions General discussion and questions 4
Slide 5: 2016 Financial highlights
2016 Financial highlights For personal use only $5.2b $806m Operating revenues Earnings before other significant items and taxation $1.1b Operating cash flow 22% 45c Pre-tax ROIC* Dividends per share 5 * Before other significant items.
Slide 6: Earnings before other significant items and taxation
Earnings before other significant items and taxation For personal use only June 2016 $M Earnings before taxation (per NZ IFRS) 663 Add back other significant items: Virgin Australia partial divestment 86 Settlement of legal claim 57 Earnings before other significant items and taxation 806 Further de
Slide 7: Balance sheet remains strong
Balance sheet remains strong For personal use only Net cash on hand* Gearing* $1.6b 48.6% *As at 30 June 2016. 7
Slide 8: Dividends
Dividends For personal use only Interim dividend Final dividend 10c 10cper share per share Special dividend 25c per share 8 Note: all dividends were fully imputed.
Slide 9: 2017 Outlook
2017 Outlook For personal use only Given the uncertain impact of competition and based upon current market conditions, expect earnings before taxation for the full year 2017 to be in the range of $400 million to $600 million* *Assumes fuel price of US$55 per barrel for the remainder of the year. 9
Slide 10: Christopher Luxon CEO
For personal use only Christopher Luxon CEO 10
Slide 11: 2016 commercial drivers
2016 commercial drivers For personal use only Capacity Fuel Efficiencies 12% ASK growth 40% decline in price $222m contribution from fleet & operations 11
Slide 12: Customer achievements
Customer achievements For personal use only Record customer satisfaction Brand health in great shape #1 corporate reputation in New Zealand #6 corporate reputation in Australia 12
Slide 13: People achievements
People achievements For personal use only Record employee engagement Driving health & safety culture Deepened High Performance Engagement agenda Company performance bonus 13
Slide 14: Market environment
Market environment For personal use only Strong inbound tourism growth Current view of stable fuel prices Increased competitive landscape Pressure on revenue growth in 2017 2017 performance expected to be solid 14
Slide 15: Our unique strengths
Our unique strengths For personal use only Our alliance Our brand and Kiwi Our domestic Our AirpointsTM Our simplified fleet driven network service culture network members & competitive cost structure A proven record of adapting our business to perform well in various trading conditions 15
Slide 16: Growth plan for 2017
Growth plan for 2017 For personal use only Group Capacity 4% to 6% Domestic 7% to 9% Tasman and Pacific Islands 3% to 5% International long-haul 4% to 6% 16
Slide 17: What drives us everyday
What drives us everyday For personal use only 17
Slide 18: Questions regarding 2016 performance and 2017 outlook
For personal use only Questions regarding 2016 performance and 2017 outlook 18
Slide 19: Resolutions
For personal use only Resolutions 19
Slide 20: Proxies and postal votes received
Proxies and postal votes received (as at 28 September 2016) For personal use only Proxy votes Postal votes Resolution For Against Abstain Discretion For Against Abstain Resolution 1: Re-election of 305,983,399 781,105 1,696,855 584,636,497 1,693,395 20,389 52,813 Jan Dawson Resolution 2: Re-election
Slide 21: Resolution #1
For personal use only Resolution #1 21
Slide 22: Resolution #2
For personal use only Resolution #2 22
Slide 23: Resolution #3
For personal use only Resolution #3 23
Slide 24: General discussion and questions
For personal use only General discussion and questions
Slide 25: Thank you
For personal use only Thank you <p
Slide 26: For personal use only
For personal use only LZ AIR NEW ZEALAND Yo A A STAR ALLIANCE MEMBER 45”
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