Sky Network Television Ltd · NZX:SKT
Sky Network Television — Shareholder Meeting (October 2019)
28 slides from Sky Network Television's shareholder meeting presentation, Oct 17, 2019
Slide 1: Sky Annual General Meeting
For personal use only Sky Annual General Meeting 17 October 2019 © Sky Network Television Limited - Annual General Meeting, October 2019
Slide 2: Sky Board of Directors
Sky Board of Directors For personal use only Philip Bowman Peter Macourt Martin Stewart Susan Paterson ONZM Chairman Director Chief Executive and Director Director Geraldine McBride Derek Handley Mike Darcey Joan Withers Director Director Director Director 2
Slide 3: Agenda
Agenda For personal use only • Philip Bowman, Chair: • Review of the past year • Martin Stewart, CEO: • Financial Results • Strategic Direction • Achievements since February • Questions from the floor • Formal Business: • Ordinary Resolutions • Special Resolution • Close of meeting, refreshments 3
Slide 4: Review of 2019
For personal use only Review of 2019
Slide 5: Key focus: our customers
Key focus: our customers For personal use only 1. Leverage the best of modern technology, particularly streaming services, to deliver our content in ways that meet or exceed customer expectations 2. Retain the rights that matter 3. Pursue partnerships: to be in the hands of all New Zealanders 4. Pur
Slide 6: For personal use only
For personal use only
Slide 7: Martin Stewart, CEO
7 For personal use only Martin Stewart, CEO
Slide 8: Sky's Leadership Team
Sky’s Leadership Team For personal use only Martin Stewart Blair Woodbury Sophie Moloney Chaz Savage Tex Teixeira Chief Executive And Director Chief Financial Officer Chief Legal, People & Chief Revenue Officer Director of Sport, Broadcast Partnerships Officer and Entertainment Steve Bayliss Chris M
Slide 9: The world is changing and we're transforming our business
The world is changing and we’re transforming our business For personal use only Challenging year, however, • Adjusted earnings exceeded guidance at $97.4m FY19 Performance Better • Growth in streaming subscribers greater than loss in DTH than Guidance • 16% growth in streaming and commercial revenue
Slide 10: The world is changing and we're transforming our business
The world is changing and we’re transforming our business For personal use only • Reduced debt levels by a further $43m • $88m drawn down against banking facility at 30 June Strengthened our balance sheet • Acquired RugbyPass for US$40m, $10m from banking facility and $20m in new share issue (and fu
Slide 11: Strategic Direction
Strategic Direction For personal use only Our ambition is for Sky to be in the hands of every New Zealander Our strategy is to grow our business by accelerating our focus on streaming services while continuing to super-serve all Sky customers
Slide 12: Strategic Pillars for Growth
Strategic Pillars for Growth For personal use only Our customers Our content Our people Our products Being clear on our Through trusted Doing right by our Delivering great customer promise partnerships and people by focusing content to our and delivering on it our own original on our capability, cus
Slide 13: Strategic Direction
Strategic Direction For personal use only • Investing in the right areas – ‘invest to grow’, but with prudent expenditure and prioritising the right projects • Genuinely open to wholesaling and partnering • Ambitiously looking at adjacent markets and new revenue streams 13
Slide 14: Priorities for the next months
Priorities for the next 12 months For personal use only Keep delivering on our promise to customers: • All platforms and devices • ‘Love the base’ Extend our lead as New Zealand’s premier streaming provider: • Sky Sport Now – 12 HD channels of sport • Neon, with enhancements and new pricing • Sky Go
Slide 15: Priorities for the next months
Priorities for the next 12 months For personal use only Win the rights that matter: • Revolutionary SANZAAR rights deal • Top tier international cricket events with ICC • Recent deals: Rugby Sevens, NZ Open golf, Cricket Australia Our position of strength: • Largest paying subscriber base in New Zea
Slide 16: Priorities for the next months
Priorities for the next 12 months For personal use only Win the rights that matter – entertainment: • We offer our customers the best content from many of the world’s leading studios • New Sky Movies Family channel • Award-winning children’s channel CBeebies from the BBC 16
Slide 17: Priorities for the next months
Priorities for the next 12 months For personal use only - Build on our commitment to local content - Continue evolving and simplifying our business - Keep delivering on our Home of Sport commitment: • The Whole Game – all levels of kiwi sport • Our sport partners know they can rely on us to nurture
Slide 18: Your questions
For personal use only Your questions Shareholders and proxies may ask questions Please use the microphone, and provide your name
Slide 19: Voting on Resolutions
For personal use only Voting on Resolutions
Slide 20: Ordinary Resolutions
Ordinary Resolutions For personal use only 1. That the Board be authorised to fix the auditors’ remuneration 20
Slide 21: Ordinary Resolutions
Ordinary Resolutions For personal use only 2. That Martin Stewart be re-elected as a director of the Company 21
Slide 22: Ordinary Resolutions
Ordinary Resolutions For personal use only 3. That Philip Bowman be re-elected as a director of the Company 22
Slide 23: Ordinary Resolutions
Ordinary Resolutions For personal use only 4. That Joan Withers be re-elected as a director of the Company 23
Slide 24: Ordinary Resolutions
Ordinary Resolutions For personal use only 5. That the Company issue to Martin Stewart 800,000 share rights in the Company on the terms and conditions set out in the explanatory notes 24
Slide 25: Ordinary Resolutions
Ordinary Resolutions For personal use only 6. That the prior issue of 25,085,408 shares by the Company to RugbyPass Investors, LLC on the terms and conditions described in the explanatory notes is approved and ratified 25
Slide 26: Special Resolutions
Special Resolutions For personal use only 7. That Shareholders approve the SANZAAR Rights Transaction as described in the explanatory notes on terms acceptable to the Board and authorise the Directors and Company’s senior executive to take all actions and do all things including negotiating terms an
Slide 27: Special Resolutions
Special Resolutions For personal use only 8. That the existing constitution of the Company be revoked and a new constitution, in the form referred to in the explanatory notes, be adopted with effect from the close of the meeting 27
Slide 28: For personal use only
For personal use only
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