Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (November 2003)
31 slides from Ainsworth Game Technology's shareholder meeting presentation, Nov 18, 2003
Slide 1: Chairman's Address and AGM Presentation
Ainsworth Game Technology ASX Release 18 November 2003 AGM - CHAIRMAN’S ADDRESS AND PRESENTATION Chairman's Address: | would like to start by thanking shareholders for their patience and support over the past two years during which we have laid the foundations for the Company. | believe that what we
Slide 2: Chairman's Address: Directors' Options and Rights Issue
Ainsworth Game Technology | would like to take this opportunity to thank the previous directors for their contribution during the establishment phase of the Company. In recognition of their individual contributions, resolutions have been proposed to grant the previous directors’ options to replace t
Slide 3: Overseas Subsidiaries and COO Report
Ainsworth Game Technology Much of the recent growth in the Company’s activity has come from strong overseas interest in our products. | am pleased to announce that we are establishing three subsidiary companies overseas to support our sales efforts internationally one in Europe, one in the USA and o
Slide 4: COO Report: International Markets
Ainsworth Game Technology As the Chairman announced, we have established subsidiaries in Europe, America and New Zealand to undertake local sales and marketing. We have recruited very experienced and dynamic managers to head up those organisations. We are confident these investments will prove to be
Slide 5: COO Report: Australian Market Conditions
Ainsworth Game Technology Shareholders will be aware that here in Australia and especially in New South Wales the gaming industry is facing very tough conditions. Introduction of smoking bans, close down periods and the club tax debate have all had an adverse impact on the local market. We have been
Slide 6: Rights Issue Details
Ainsworth Game Technology Some of the key aspects of the issue are that for every seven shares that you own on the record date of 19 November, you will be offered the right to subscribe for two new shares at the issue price of 41 cents. This price represents a 21 percent discount on the closing mark
Slide 7: 2003 Annual General Meeting
Slide 8: Agenda
Agenda welcome ~ Executive Chairman’s Overview gi Chief Operating Officer Presentation s Chief Financial Officer / Company Secretary — Rights Issue yw Annual General Meeting
Slide 9: Executive Chairman's Address
Slide 10: Executive Chairman's Overview: Establishment phase completed
Executive Chairman’s Overview 4 Establishment phase completed | New Management team capitalising on past development work 4 Early indications show substantial improvement over previous years —FY04 Q1 deliveries and orders on hand 2,177 units exceeding full year results FY03 of 1,875 gaming machine u
Slide 11: Executive Chairman's Overview
Executive Chairman’s Overview “a Board decision to suspend Directors’ Option Plan in respect to any new appointments » Renounceable Rights Issue » Increased funding to support growth » Major opportunities from international markets » Experienced team to lead international sales push
Slide 12: Len Ainsworth, Executive Chairman and Management
Len Ainsworth Executive Chairman Hans Zeidier Mark Ludski Stan Eeles Steve Foote Chief Operating Officer Chief Financial Officer Group Manufacturing Compliance Director { Company Secretary Manager
Slide 13: Chief Operating Officer
Slide 14: Outlook FY2004
Outlook FY2004 International expansion Increased manufacturing capacity Increased product offering » All necessary licences obtained in Australia and New Zealand 6 Native Gaming licences approved in California, 8 pending Not all European jurisdictions have formal licencing processes » Celebrity mach
Slide 15: Outlook FY2004
Outlook FY2004 ww Concentration on growing international sales » Leverage relationships that have been established @ Tight control over production cost and overheads ~ Control product from a central point » Dedicated International offices currently being established — Europe — Americas — Asia (throu
Slide 16: Outlook FY2004: Tailoring Product to local markets
Outlook FY2004 Tailoring Product to local markets
Slide 17: Outlook FY2004
Outlook FY2004 Our objective is to increase our share of the global electronic gaming machine market go
Slide 18: Chief Financial Officer
Slide 19: Renounceable Rights Issue
Renounceable Rights Issue Purpose ~ Fund working capital and repay debt Renounceable rights issue — Two for seven raising $13.5 million ~ 32.87 million new shares — $0.41 per new share Shareholders can take up the offer — In part — In full — Sell shares Underwritten 100%
Slide 20: Renounceable Rights Issue: Important Dates
Renounceable Rights Issue IMPORTANT DATES 19 Nov 2003 Record Date 24 Nov 2003 Despatch of Prospectus 8 Dec 2003 Last day of Rights trading on ASX 9 Dec 2003 First day of trading new shares (on deferred settlement basis) 15 Dec 2003 Last day for acceptance and payment in full 29 Dec 2003 Allotment of
Slide 21: Renounceable Rights Issue: Shareholder Enquiries
Renounceable Rights Issue Shareholders Enquiries:- Computershare information line on telephone number 1800 101 276 or contact your stockbroker or professional advisor.
Slide 22: Annual General Meeting
Ainsworth Game Technology
Slide 23: Financial Statements and Reports
Item 1 Financial Statements and Reports s [he Company’s financial report and reports of the Directors’ and Auditors’ in respect of the financial year ended 30 June 2003.
Slide 24: Election of Mr L H Ainsworth
Item 2 Election of Mr L H Ainsworth Mr Len Ainsworth, being the Chairman and founder of the Company, retires as a director by rotation in accordance with Rule 7.1(f) of the Company's Constitution and, being eligible, offers himself for re-election. THE PROXIES HELD ON THE ABOVE RESOLUTION ARE AS FOL
Slide 25: Election of Mr J Cowling
Item 3 Election of Mr J Cowling Mr John Cowling retires as a director in accordance with Rule 7.1(d) of the Company’s Constitution and, being eligible, offers himself for re-election. THE PROXIES HELD ON THE ABOVE RESOLUTION ARE AS FOLLOWS FOR 70,253,158 AGAINST 105,230 Included above are 1,588,515
Slide 26: Election of Mr A Amer
Item 4 Election of Mr A Amer Mr Andrew Amer retires as a director in accordance with Rule 7.1(d) of the Company’s Constitution and, being eligible, offers himself for re-election. THE PROXIES HELD ON THE ABOVE RESOLUTION ARE AS FOLLOWS FOR 70,276,138 AGAINST 79,730 Included above are 1,598,515 proxi
Slide 27: Election of Mr V Matthews
Item 5 Election of Mr V Matthews Mr Vivian Matthews retires as a director in accordance with Rule 7.1(d) of the Company’s Constitution and, being eligible, offers himself for re-election. THE PROXIES HELD ON THE ABOVE RESOLUTION ARE AS FOLLOWS FOR 70,207,164 AGAINST 144,704 Included above are 1,594,
Slide 28: Issue of Class Options to D C Hall
item 6 issue of Class 2 Options to D C Hall For the purposes of Chapter 2E and section 200E of the Corporations Act and Listing Rule 10.11 of the Listing Rules of Australian Stock Exchange Limited, approval is given to the grant of 300,000 class 2 Options to David Capp Hall at the close of this meet
Slide 29: Issue of Options to BC Hall
issue of Options to BC Hall For the purposes of Chapter 2E and section 200E of the Corporations Act and Listing Rule 10.11 of the Listing Rules of Australian Stock Exchange Limited, approval is given to the grant of 300,000 Options to David Capp Hall at the close of this meeting and on the terms des
Slide 30: Issue of Options to J Kehoe
Item 8 issue of Options to J Kehoe For the purposes of Chapter 2E and section 200E of the Corporations Act and Listing Rule 10.11 of the Listing Rules of Australian Stock Exchange Limited, approval is given to the grant of 300,000 Options to John Kehoe at the close of this meeting and on the terms d
Slide 31: Got a great idea?
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