Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Macquarie Australia Conference 2012
19 slides from Tabcorp's conference presentation, May 3, 2012
Slide 1: Macquarie Australia Conference Investor Presentation
MACQUARIE AUSTRALIA CONFERENCE INVESTOR PRESENTATION 3 MAY 2012
Slide 2: Highlights
Highlights For personal use only ¾ Solid 1H12 financial results with revenue growth and earnings growth from all businesses contributing to 5.6% EBIT growth ¾ Overall positive revenue trends from 1H12 have continued into 3Q12 Group revenues up 2.7% Group variable contribution up 5.6% ¾ Positive
Slide 3: Company overview
Company overview Tabcorp today - an attractive gambling entertainment business For personal use only Media & Wagering Gaming Keno International Description • Totalizator and fixed odds wagering in • Broadcasts racing on three channels plus • Operates EGMs under the Tabaret brand • Operates Keno in N
Slide 4: Key achievements
Key achievements FY12 achievements position us well for future growth For personal use only ¾ Victoria Wagering and Betting Licence acquired ¾ Benefiting from Trackside and fixed odds approvals in NSW ¾ Expanded distribution network including mobile, retail & IPTV Wagering ¾ Re-engineered Luxbet’s r
Slide 5: Key strategies
Key strategies For personal use only Tabcorp’s key strategies play to our strengths ¾ Build on strength in Retail ¾ Drive fixed odds expansion whilst maintaining parimutuel positioning Wagering ¾ Drive online with best in class offering (including social media) ¾ Deepen our customer relationships vi
Slide 6: 1H12 financial results
1H12 financial results For personal use only Tabcorp delivered revenue growth, earnings growth and margin growth in all businesses Wagering Change Media Change Victorian Change Keno Change Group1 Change $m on pcp & Int'l on pcp Gaming on pcp on pcp on pcp Revenues 849.4 2.8% 94.5 5.7% 562.0 1.0% 92.
Slide 7: 3Q12 trading update
3Q12 trading update Overall positive revenue trends from 1H12 have continued into 3Q12 For personal use only Revenues $m 1H12 Change 3Q123 Change YTD Change on pcp on pcp on pcp Wagering1 849.4 2.8% 386.6 4.5% 1,236.0 3.4% Media & International 94.5 5.7% 48.8 10.2% 143.3 7.1% Gaming 562.0 1.0% 257.1
Slide 8: Wagering trading update
Wagering trading update Favourable Wagering trends continued into the third quarter For personal use only $m 1H12 Change 3Q12 Change on pcp on pcp Revenues by product Totalisator Vic 325.1 (5.5%) 140.3 (5.3%) Totalisator NSW 384.3 (7.2%) 166.6 (5.9%) Fixed Odds 152.3 39.5% 80.8 43.0% Trackside 41.8
Slide 9: Wagering market overview
Wagering market overview The wagering market has demonstrated consistent growth, driven by steady growth in racing For personal use only and strong growth in sports betting Australian wagering market ¾ Tabcorp is the leader in an expanding wagering 24 market and is successfully executing on a multi-
Slide 10: Wagering product and channel initiatives
Wagering product and channel initiatives For personal use only ¾ Retail is growing despite challenging market conditions NSW turnover grew 7.7% (3Q12), reflecting investments Victoria turnover grew 1.0% (3Q12), with investments underway ¾ Good performance supported by improved customer experienc
Slide 11: Wagering recent developments
Wagering recent developments For personal use only ¾ Race fields 30 March 2012 – the High Court ruled in favour of Racing NSW and Harness Racing NSW race fields fee conditions, which impose a turnover based product fee on wagering operators 11 April 2012 - Racing Victoria announced that it will
Slide 12: The changing face of the TAB - Bourke St agency re-launch
The changing face of the TAB - Bourke St agency re-launch in April 2012 For personal use only 12
Slide 13: Media and International
Media and International For personal use only Media is a core part of our business ¾ Co-ordinated vision and commentary drives wagering ¾ The import of international races allows 17/7 wagering and comingling opportunities ¾ Export of races contributes material wagering revenue, providing a platform
Slide 14: Keno
Keno For personal use only Keno is a growing part of our business ¾ Expanded distribution into clubs and hotels ¾ Expansion of self-service ¾ Focus on new product development Successful VIC Keno Licence and Launch ¾ First Victorian Keno game was drawn 15 April 2012 ¾ Nearly 600 venues are live after
Slide 15: Tabcorp Gaming Solutions (TGS)
Tabcorp Gaming Solutions (TGS) For personal use only Tabcorp’s TGS business model continues to exceed expectations ¾ Sign ups - Over 8,500 EGMs contracted to TGS ¾ Expected EBITDA of approximately $55m for the 12 months commencing 16 August 2012 Signed with TGS Going alone / Undecided Signed to Comp
Slide 16: Key capital features
Key capital features For personal use only Tabcorp has completed refinancing of FY13 debt maturities 1,000 900 800 700 450 600 500 400 300 284 200 400 400 400 250 100 211 150 0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19+ Syndicated bank facility M edium term no tes Tabco rp Retail B o nds Tabco rp Subo
Slide 17: Summary
Summary For personal use only ¾ Solid 1H12 results ¾ Overall positive revenue trends continued into 3Q12 ¾ Positive outcome on High Court decision on NSW race fields ¾ Transition from Victorian Wagering and Gaming Licences on track ¾ Successful launch of new Victorian Keno Licence April 2012 ¾ TGS s
Slide 18: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Tabcorp Holdings Limited (ABN 66 063 780 709) (Tabcorp). Summary information This presentation contains summary information about the current activities of Tabcorp and its subsidiaries (Tabcorp Group). The information in this pr
Slide 19: For personal use only
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