Freightways Group Limited · NZX:FRW
Freightways — Shareholder Meeting (October 2024)
37 slides from Freightways's shareholder meeting presentation, Oct 23, 2024
Slide 1: Freightways Annual Shareholders Meeting Presentation
Freightways Annual Shareholders Meeting Presentation 23 October 2024 Presenters: Mark Cairns Mark Troughear Chairman Chief Executive
Slide 2: Chairman's Address
2 ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Chairman Mark Cairns Chairman’s Address
Slide 3: Agenda
ANNUAL SHAREHOLDERS MEETING | FREIGHTWAYS Agenda 1. Procedural Matters 2. Chairman’s Review 3. CEO’s Strategy and Trading Update 4. Questions 5. Resolutions 3
Slide 4: Shareholder & Proxy Holders Q&A Participation
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Shareholder & Proxy Holders Q&A Participation Click Q&A and select your voting direction. • Select the Q&A tab on the right half of your screen at any time. • Type your question into the relevant field and press “submit” • If you need support, you can a
Slide 5: Shareholder & Proxy Holders Voting
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Shareholder & Proxy Holders Voting Click Vote and select your voting direction. • Once the voting has been opened, the resolutions and voting options will allow voting. • To vote, simply click on the VOTE tab, and select your voting direction from the o
Slide 6: FY24 Performance
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS FY24 Performance • The economic environment has been challenging in NZ and to a lesser extent Australia • In that context the result is seen as resilient with a broad based same-customer decline in activity offset by; ‒ Revenue growth – especially in Au
Slide 7: FY24 Group Highlights
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS FY24 Group Highlights Revenue Growth EBITA* Growth NPAT Growth 7.8% 2.5% (5.8%) * Non-GAAP (Generally Accepted Accounting Principles) 7
Slide 8: Gearing and Dividend FY24
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Gearing and Dividend FY24 Net Debt | EBITDA Dividend 2024 2023 FY24 FY23 2.7x 2.8x 37cps 37cps post IFRS16 cps - Cents Per Share 8
Slide 9: Climate Related Disclosures
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Climate Related Disclosures • FRW released our first Climate Related Disclosure statement a few days ago, following 4 years reporting under the TCFD framework. • This is a complex piece of work for a business structured as we are, with relatively autono
Slide 10: Mark Rushworth Retiring from the Board
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Mark Rushworth Retiring from the Freightways Board of Directors 10
Slide 11: 60 Years Keeping New Zealand Business Moving
YEARS Keeping New Zealand Business Moving Since 1964
Slide 12: Slide 12
Slide 13: Strategy & Trading Update
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Strategy & Trading Update Mark Troughear Chief Executive Officer 13
Slide 14: Three Horizons of Growth
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Three Horizons of Growth Key Strategic Initiatives Express Package Temperature Controlled Information Management Waste Renewal • B2B - national delivery • Refrigerated national transport • Document Destruction • Document Destruction • B2C - courier and
Slide 15: Our ESG Update
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Our ESG Update SDG3 SDG8 SDG 9 SDG 13 Good Health & Wellbeing Decent Work & Economic Industry, Innovation & Climate Action Growth Infrastructure • Maintain high standards of • Our commitment is to improve • We aim to have a customer • GHG Emissions. We
Slide 16: Q1 Trading Update
16 ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Q1 Trading Update
Slide 17: Q1 Consolidated Performance
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Q1 Consolidated Performance - Unaudited • Revenue growth – driven by market share and Q1 FY25 Q1 FY24 Change Notes $m $m % price given subdued same-customer activity Operating Revenue 319.6 298.0 7.2 • Yet to see any green-shoots in the NZ economy but t
Slide 18: Q1 Express Package & Business Mail
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Q1 Express Package & Business Mail - Unaudited • EPNZ performance commendable in depressed Q1 FY25 Q1 FY24 Change Notes $m $m % economic conditions Operating Revenue 262.4 246.0 6.7 • Initiatives around efficiency, price & market share gains have driven
Slide 19: Q1 Information Management
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Q1 Information Management - Unaudited • A positive Med-X performance has assisted the IM Q1 FY25 Q1 FY24 Change Notes $m $m % division (versus a weaker pcp) Operating Revenue 58.5 52.9 10.6 • Med-X VIC plant up and running and producing small profit EBI
Slide 20: FY25 Outlook
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS FY25 Outlook • The economic climate is clearly still tough in NZ - we expect H1 to remain Volumes expected to subdued and we are hopeful of a return to modest organic growth in H2 (aided remain stable despite by OCR drops, some sectors overlapping a sof
Slide 21: Questions
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Questions If you wish to ask a question, please simply raise your hand. For those joining online, select the “Q&A” tab on the right half of your screen at any time. Type your question into the field and press “Send”. Your question will be immediately su
Slide 22: Resolutions
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Resolutions 1. That Mark Cairns be re-elected as a director of Freightways 2. That Abigail Foote be re-elected as a director of Freightways 3. That Fiona Oliver be re-elected as a director of Freightways 4. That the directors are authorised to fix the A
Slide 23: 1. Mark Cairns
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS 1. Mark Cairns Re-elected as a Director of Freightways 23
Slide 24: 2. Abby Foote
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS 2. Abby Foote Re-elected as a Director of Freightways 24
Slide 25: 3. Fiona Oliver
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS 3. Fiona Oliver Re-elected as a Director of Freightways 25
Slide 26: 4. Auditors Remuneration
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS 4. Auditors Remuneration That the directors are authorised to fix the Auditors’ remuneration 26
Slide 27: Questions or Other Business
27 ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Questions or Other Business
Slide 28: Thank you.
28 ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Thank you.
Slide 29: Disclaimer
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Disclaimer Read this presentation with the financial statements: The financial results in this presentation should be read in conjunction with the financial statements for the full year ended 30 June 2024, which can be found in the Freightways full year
Slide 30: Appendices
30 ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Appendices
Slide 31: Group Financial Summary – FY Ended June 2024
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Group Financial Summary – For the Financial Year Ended 30 June 2024 FY24 FY23 Change Notes $m $m % Operating Revenue 1,209.2 1,121.6 7.8 EBITDA (non-GAAP) 1 229.1 214.9 6.6 EBITA (non-GAAP) 2 149.0 145.3 2.5 NPATA (non-GAAP) 3 83.6 86.6 (3.5) NPAT 4 70.
Slide 32: Express Package & Business Mail – FY2024
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Express Package & Business Mail – For the Financial Year Ended 30 June 2024 FY24 FY23 Change $m $m % Operating Revenue 999.1 911.1 9.7 EBITDA (non-GAAP) 181.9 169.8 7.1 EBITA (non-GAAP) 128.4 125.4 2.4 NPAT 76.6 78.1 (1.9) Notes: • Results in this table
Slide 33: Information Management – FY2024
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Information Management – For the Financial Year Ended 30 June 2024 FY24 FY23 Change $m $m % Operating Revenue 214.4 214.3 - EBITDA (non-GAAP) 57.5 56.4 2.0 EBITA (non-GAAP) 32.3 32.7 (1.2) NPAT 17.7 18.0 (1.7) Notes: • Results in this table are after NZ
Slide 34: Reconciliation of Post-NZ IFRS16 to Pre-NZ IFRS16
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Reconciliation of Post-NZ IFRS16 to Pre-NZ IFRS16 (Unaudited) Freightways Group Q1 FY25 Q1 FY25 Q1 FY25 Q1 FY24 Q1 FY24 Q1 FY24 $M $M $M $M $M $M Freightways Group POST NZ NZ IFRS16 PRE NZ IFRS16 POST NZ NZ IFRS16 PRE NZ IFRS16 IFRS16 ADJUSTMENT (NON-GA
Slide 35: Reconciliation: Express Package & Business Mail
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16 (Unaudited) Express Package & Business Mail Q1 FY25 Q1 FY24 Change Express Package & Business Mail $m $m % Operating Revenue 262.4 246.0 6.7 EBITDA (before NZ IFRS16) 37.8 34.4 9.9 Add: NZ IFRS16 adjustm
Slide 36: Reconciliation: Information Management
ANNUAL SHAREHOLDERS MEETING 2024 | FREIGHTWAYS Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16 (Unaudited) Information Management Q1 FY25 Q1 FY24 Change Information Management $m $m % Operating Revenue 58.5 52.9 10.6 EBITDA (before NZ IFRS16) 10.0 8.4 19.0 Add: NZ IFRS16 adjustment 5.3 5.1 3.9 EBI
Slide 37: Freightways Annual Shareholders Meeting Presentation
Freightways Annual Shareholders Meeting Presentation 23 October 2024 Presenters: Mark Cairns Mark Troughear Chairman Chief Executive
Freightways Group — Shareholder Meeting (October 2024) on 6ix