Slide 1: Market Announcement
Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 For personal use only MARKET ANNOUNCEMENT www.computershare.com Date: 11th November 2009 To: Au
Slide 2: Annual General Meeting of Computershare Limited
For personal use only Annual General Meeting of Computershare Limited 11 November 2009
Slide 3: Chairman Introduction
Annual General Meeting For personal use only Chris Morris E Executive ti Chairman Ch i Introduction 11 November 2009
Slide 4: Financial Performance Indicators
Financial Performance Indicators For personal use only * management adjusted results 3. Annual General Meeting of Computershare Limited.
Slide 5: CPU share price performance Jul 2008 – Oct 2009
CPU share price performance Jul 2008 – Oct 2009 For personal use only ASX50 versus CPU $12.00 $11.00 CPU: +20.6% $10.00 $9.00 ASX 50 50: -7.3% 7 3% $8.00 $7.00 $6.00 $5.00 $ Nov-08 Jul-09 Jan-09 Jun-09 May-09 Jul-08 Mar-09 Aug-09 Aug-08 Sep-08 Dec-08 Sep-09 Apr-09 Oct-08 Oct-09 Feb-09 Computershare
Slide 6: CPU share price performance Jan 2006 – Oct 2009
CPU share price performance Jan 2006 – Oct 2009 For personal use only ASX200 versus CPU $12.00 $11.00 CPU: +57.9% $10.00 $9.00 $8.00 $ $7.00 ASX 200: +2% ASX 200 $6.00 Industrials: -9.1% $5.00 $4.00 $3.00 Jan-06 Apr-06 Jul-06 Jan-07 Apr-07 Jul-07 Jan-08 Apr-08 Jul-08 Jan-09 Apr-09 Jul-09 Oct-06 Oct-
Slide 7: Corporate Responsibility: Change a Life
CORPORATE RESPONSIBILITY ‘Change Change a Life Life’ For personal use only Project spend to date: Ethiopian Eye Clinic - Ethiopia 95,000 Phongsaly Health and Livehood - Laos 298,958 Highland Children Children'ss Education Project - Cambodia 250 000 250,000 Chad Farmer Regeneration Project - Chad 572
Slide 8: Sunrise Children's Village Update
CORPORATE RESPONSIBILITY ‘Change Change a Life Life’ For personal use only Sunrise Children’s Village Update >Main project at present is supporting the b ildi off thi building third d orphanage h African Cycle Event September 2009 >Five day cycle for the Mike Thomson Change a Life Trust 7. Annual Ge
Slide 9: Chief Executive Officer
Annual General Meeting For personal use only St Stuart tCCrosby b Chief Executive Officer 11 November 2009
Slide 10: 2009 in Review: Revenue and Earnings
2009 IN REVIEW Revenue and Earnings (USD) For personal use only › Total operating revenues – down 4% to $1,511.6 million › Management EBITDA – down 1% to $475.5 million › Operating cash flows – down marginally at $341.5 million › Management net profit after OEI – flat at $289.5 million › Management
Slide 11: 2009 in Review: Operating Margin
2009 IN REVIEW Operating Margin For personal use only › Total operating revenues - down 4% to $1,511.6 million › Operating costs - down 6% to $1,035.9 million › Management EBITDA margin - maintained over 30% * Management adjusted 10. Annual General Meeting of Computershare Limited.
Slide 12: 2009 in Review: Dividends
2009 IN REVIEW Dividends (AUD) For personal use only › Interim dividend – 11 cents 40% franked › Final dividend – 11 cents 50% franked 11. Annual General Meeting of Computershare Limited.
Slide 13: The story behind the numbers
2009 IN REVIEW The story behind the numbers For personal use only › A flat result is a great outcome in the toughest market for decades (globally, if not in Australia) › Corporate actions revenues held up well (increasing slightly on FY 09) › Strong cost management helped close the revenue gap: › Co
Slide 14: The story behind the numbers
2009 IN REVIEW The story behind the numbers For personal use only › Strong contributions from recent acquisitions - notably Computershare Voucher Services (formerly Busybees) and KCC (bankruptcy and class action administration) also helped › Margin income held up in the short term better than expect
Slide 15: Computershare Today: Business As Usual
COMPUTERSHARE TODAY Business As Usual For personal use only › Cost management continues to be a priority – eg, FY 2009 pay freeze across the board › But not cutting costs at the expense of services levels - evidenced by ever stronger third party service survey outcomes › And continuing to invest in
Slide 16: Computershare Today: Organic Growth
COMPUTERSHARE TODAY Organic Growth For personal use only › Strong operations also support great sales outcomes, eg: › USA – Frontier (registry), CIT (bankruptcy), American Funds (mutual fund proxy), Kraft (corporate proxy and corporate action), Chemical Bank (communications services) › Canada – Onta
Slide 17: Computershare Today: Balance Sheet
COMPUTERSHARE TODAY Balance Sheet For personal use only › Our strong balance sheet has let us concentrate on the business › We are one of only a handful of companies of our size not to access equity markets during FY09 › Our debt levels have remained comfortably below 2x EBITDA › Half our debt is in
Slide 18: Computershare Today: Corporate
COMPUTERSHARE TODAY Corporate For personal use only › Our own M&A activity continues – deals since last AGM include: › KCC (up to USD 145M) – strongly counter-cyclical and great market share › HBOS Plans (up to GBP 40M) – takes us to a leading position in the UK Plans market and,, more importantly,
Slide 19: Computershare Today: Corporate
COMPUTERSHARE TODAY Corporate For personal use only › As always, we continue to monitor a range of M&A and other investment targets and opportunities: small, medium and large › We assess opportunities against the same criteria we’ve we ve always used: › Will we be any good at it? › Does it add value
Slide 20: Looking Forward: Qualitative
LOOKING FORWARD Qualitative For personal use only › We e co continue ue to o look oo for o eexpansion pa s o (o (organically ga ca y a and d by acquisition) acqu s o ) in market-related areas as well as in less or counter cyclical areas › India,, Russia and China continue to represent p strong g gro
Slide 21: Looking Forward: Quantitative
LOOKING FORWARD Quantitative For personal use only › We said in August 2009 that we expected USD management earnings per share for financial year 2010 to be similar to financial year 2009 › So far this year our profit is tracking slightly ahead of 2009, and we are increasingly confident of exceeding
Slide 22: Overall Strategy
OVERALL STRATEGY Unchanged For personal use only › Drive operations quality and efficiency through measurement, benchmarking and technology › Improve our front office skills to protect and drive revenue › Continue to seek acquisition and other growth opportunities where we can add value and enhance
Slide 23: Continued Delivery Against Strategy
CONTINUED DELIVERY AGAINST STRATEGY For personal use only › Delivery on the first 2 limbs (cost and revenue) has been a key factor in protecting our profits in the face of the GFC: › operational productivity continues to improve across the globe › revenue initiatives, especially in business as usual
Slide 24: Questions
Annual General Meeting For personal use only Chris Ch i MMorris i Executive Chairman Q Questions