Sgh Limited · ASX:SGH
Sgh — Seven Group Holdings — Shareholder Meeting (November 2017)
30 slides from Sgh's shareholder meeting presentation, Nov 16, 2017
Slide 1: ASX cover letter: AGM Addresses & Presentation
16 November 2017 For personal use only Company Announcements Office ASX Limited Level 6 20 Bridge Street Sydney NSW 2000 By electronic lodgment Total pages: 30 (including cover letter) Dear Sir / Madam Annual General Meeting Addresses & Presentation Attached is a copy of the Chairman’s Address and M
Slide 2: Chairman's Presentation
Seven Group Holdings Annual General Meeting – 16 November 2017 For personal use only Chairman’s Presentation SGH has undergone a process of Board succession and renewal over the last couple of years allowing us to create a Board of outstanding individuals who have worked constructively together to h
Slide 3: Chairman's Address: Coates Hire and WesTrac China sale
The strong leadership team at Coates Hire have similarly leveraged the new infrastructure investment cycle, particularly in the eastern states of Australia, to create long-term value for the Group. For personal use only The recent acquisition of Carlyle’s interest in Coates Hire will increase your c
Slide 4: Chairman's Address: media and Caterpillar partnership
Our media interests are in a period of rapid change, especially in how we engage with our audiences of all ages. Our capacity to connect with them across all media and all screens, particularly mobile devices, will determine our future. For personal use only While Seven Network delivered a record re
Slide 5: CEO Presentation
Seven Group Holdings Annual General Meeting – 16 November 2017 For personal use only CEO Presentation This year we have undertaken a number of steps to continue the transformation of the Group, and I appreciate the opportunity to address you, our shareholders, and take you through some of these tran
Slide 6: CEO Address: leadership and transactions
We are focused upon building leadership and succession capabilities across the Group and our businesses. For personal use only We have added to our leadership team with the introduction of Murray Vitlich as Chief Operating Officer, and Gitanjali Bhalla as Group Executive People and Culture. We look
Slide 7: Group Overview: FY17 Outcomes
Coates is benefitting from growing infrastructure and construction activity particularly on the East Coast. Beach has optimised production and field operations which, together with strengthening oil prices provide them with a strong foundation for the year ahead. For personal use only Group Overview
Slide 8: Strategy Execution
Strategy Execution On the 31st of October, financial settlement was completed for the sale of WesTrac China to Lei Shing For personal use only Hong Machinery, a neighbouring CAT dealer in China. Looking back, we transformed a business that experienced volatile trading conditions over the previous 5
Slide 9: Beach Energy acquisition of Lattice Energy; Group Overview
Beach Energy announced in September the acquisition of Lattice Energy from Origin for $1.585 billion. For personal use only This is a transformational acquisition that enhances the scale and diversity of Beach’s operations and significantly expands its footprint across multiple basins, provides furt
Slide 10: Outlook
Outlook FY17 was a successful year and the momentum has continued with a pleasing start to FY18, driven For personal use only by our operational businesses, WesTrac and Coates Hire. Our operational focus for the year ahead will remain on customers, cost control, margins, and cash flow. At Seven West
Slide 11: Enabling Customer Performance
For personal use only Annual General Meeting – 16 November 2017 Enabling Customer Performance
Slide 12: Introduction | Disclaimer
Introduction | Disclaimer Basis of preparation of slides For personal use only Included in this presentation is data prepared by the management of Seven Group Holdings Limited (“SGH”) and other associated entities and investments. This data is included for information purposes only and has not bee
Slide 13: People | Safety and Culture
People | Safety and Culture LTIFR TRIFR Safety For personal use only FY17 FY16 FY17 FY16 Key priority for our business - core part of our culture and vital for WesTrac WA 1.2 1.4 9.8 12.2 enabling customer performance WesTrac NSW 1.3 0.0 7.6 5.7 Continuing to implement a cultural safety program
Slide 14: Group Overview | Highlights
Group Overview | Highlights Major transactions completed For personal use only WesTrac China sale completed; optimising value at right time of the cycle and further strengthening balance sheet Coates Hire remaining 53.3% economic stake acquired, delivering increased exposure to growth in East Co
Slide 15: Group Overview | FY17 outcomes
Group Overview | FY17 outcomes Result at the upper range of guidance For personal use only Underlying EBIT of $297m up 9% YoY towards the upper end of guidance range ($333m incl. discontinued operations, up 10%) Product support revenue up 15% on pcp in WesTrac 21% growth in WesTrac parts reven
Slide 16: Strategy Execution | Sale of WesTrac China
Strategy Execution | Sale of WesTrac China Value accretive transaction at strong point in the cycle For personal use only Engaged directly with Lei Shing Hong (LSH), a neighbouring CAT dealer in China Settlement occurred on 31 October 2017 Sales proceeds fully recovered net book value includin
Slide 17: Strategy Execution | Acquisition of Coates Hire
Strategy Execution | Acquisition of Coates Hire Acquisition of remaining stake from partners Strategic rationale For personal use only Economic interest of 53.3% acquired from Carlyle, convertible Increases exposure to growing infrastructure sector activity note holders and certain employees for
Slide 18: Strategy Execution | Beach Energy Acquisition of Lattice
Strategy Execution | Beach Energy Acquisition of Lattice Significant growth, scale and diversity Substantial East Coast gas exposure For personal use only Transformational acquisition enhancing scale and Increased exposure to the strong market fundamentals of the East Coast diversity of operatio
Slide 19: Group Overview | Our Businesses
Group Overview | Our Businesses Industrial Services Energy Simplified group structure For personal use only Acquisition of Coates Hire completed on 25 October 2017 Sale of WesTrac China completed Australia’s leading mid-cap oil and on 31 October 2017 #1 equipment solution company gas producer in
Slide 20: Group Overview | Capital Management
Group Overview | Capital Management Capital raising completed For personal use only $375m institutional placement; oversubscribed by 2.7x without major shareholder underwriting Resulted in free float increasing from 26% to 34% Provides additional balance sheet flexibility Domestic and foreig
Slide 21: Outlook | Trading Update and Outlook
Outlook | Trading Update and Outlook Industrial Services For personal use only WesTrac’s strong parts performance is expected to continue while service revenues will be impacted by ongoing cost reduction programs WesTrac continuing to including insourcing of maintenance work being undertaken by so
Slide 22: Item | Financial Statements
Item 1 | For personal use only Financial Statements Annual General Meeting | 16 November 2017 | 12
Slide 23: Re-election of Mr Kerry Stokes AC
Item 2 | For personal use only Re-election of Mr Kerry Stokes AC NUMBER OF SHARES PERCENTAGE (%) FOR 285,910,052 99.67 AGAINST 401,690 0.14 OPEN 531,240 0.19 ABSTAIN 80,085 Annual General Meeting | 16 November 2017 | 13
Slide 24: Re-election of Mr Chris Mackay
Item 3 | For personal use only Re-election of Mr Chris Mackay NUMBER OF SHARES PERCENTAGE (%) FOR 284,927,240 99.33 AGAINST 1,382,295 0.48 OPEN 532,786 0.19 ABSTAIN 80,746 Annual General Meeting | 16 November 2017 | 14
Slide 25: Re-election of Mr Warwick Smith AM
Item 4 | For personal use only Re-election of Mr Warwick Smith AM NUMBER OF SHARES PERCENTAGE (%) FOR 283,553,017 98.85 AGAINST 2,757,904 0.96 OPEN 533,000 0.19 ABSTAIN 79,146 Annual General Meeting | 16 November 2017 | 15
Slide 26: Remuneration Report
Item 5 | For personal use only Remuneration Report NUMBER OF SHARES PERCENTAGE (%) FOR 78,182,755 98.68 AGAINST 604,106 0.76 OPEN 444,156 0.56 ABSTAIN 121,609 Annual General Meeting | 16 November 2017 | 16
Slide 27: Grant of Share Rights to MD & CEO under STIP
Item 6 | For personal use only Grant of Share Rights to MD & CEO under STIP NUMBER OF SHARES PERCENTAGE (%) FOR 284,388,572 99.21 AGAINST 1,769,468 0.62 OPEN 493,202 0.17 ABSTAIN 106,006 Annual General Meeting | 16 November 2017 | 17
Slide 28: Short Term and Long Term Incentive Plans Amendment
Item 7 | For personal use only Short Term and Long Term Incentive Plans Amendment NUMBER OF SHARES PERCENTAGE (%) FOR 284,123,545 99.13 AGAINST 2,013,324 0.70 OPEN 495,648 0.17 ABSTAIN 124,731 Annual General Meeting | 16 November 2017 | 18
Slide 29: Increase in Limit of Non-Executive Directors Fees
Item 8 | For personal use only Increase in Limit of Non-Executive Directors Fees NUMBER OF SHARES PERCENTAGE (%) FOR 69,696,771 87.94 AGAINST 9,114,114 11.50 OPEN 445,864 0.56 ABSTAIN 95,877 Annual General Meeting | 16 November 2017 | 19
Slide 30: For personal use only
For personal use only Annual General Meeting | 16 November 2017 | 20
Seven Group Holdings — Shareholder Meeting (November 2017) on 6ix