Computershare Limited · ASX:CPU

Computershare — Shareholder Meeting (November 2002)

17 slides from Computershare's shareholder meeting presentation, Nov 7, 2002

  1. Slide 1: Annual General Meeting 7 November 2002

    Annual General Meeting 7 November 2002 Chris Morris Managing Director 1

  2. Slide 2: Condition of The Market

    Condition of The Market FACTS ƒ We are not alone ƒ Challenging trading conditions ‣ IPOs ‣ Interest Rates ‣ Corporate Actions ‣ Dealing Services 2

  3. Slide 3: What we are doing?

    What we are doing? ƒ Managing Costs ƒ Have improved Financial Management ƒ Changing to a client and sales focussed organisation ƒ Restructured the business into geographic regions 3

  4. Slide 4: What we will not do

    What we will not do ƒ Not going to jeopardise the future of CPU by focussing on the bottom line at the expense of longer term strategies ƒ Stop looking for acquisitions ƒ Irrationally cut back on technology costs 4

  5. Slide 5: Changing Profiles

    Changing Profiles Computershare’s Reliance on Registry 5 Years Ago 2002 5 Year Current Trend Non Registry 4% Non Non Registry Registry 22% 50% Registry Registry Registry 50% 96% 78% 5

  6. Slide 6: Changing Profile: Regional Analysis by Revenue

    Changing Profile Regional Analysis by Revenue Asia Pacific North 30% America 39% Europe 31% 6

  7. Slide 7: Changing Profiles: Overseas Revenue

    Changing Profiles Overseas Revenue 5 Years Ago 2002 Overseas 7% Overseas 73% AU & NZ AU & NZ 93% 27% 7

  8. Slide 8: Plans – Global

    Plans – Global ƒ Global market estimated to be over US$2bn, only 30% outsourced ƒ Only Global provider who can manage country specific Employee Share Plans ƒ Have Employee Options Remuneration have lost their appeal? ‣ Phantom Stock ‣ Restricted Stock ‣ Repricing Options ƒ We have seen no slow down

  9. Slide 9: Plans – Asia Pacific

    Plans – Asia Pacific ƒ Australia > 80,000 employee plan participants and $450m under management ƒ Unique position: CPM Australia is earning revenue on funds under management ƒ Major wins ‣ ANZ ‣ AMP ‣ TAB Limited 9

  10. Slide 10: Plans – North America

    Plans – North America ƒ Largest ESPP provider ƒ Traditional owners exiting the business ƒ Charles Schwab: ‣ Acquired Schwab’s existing employee stock purchase plan business. ‣ Formed a strategic alliance with Schwab to exclusively provide this service to their prospective and existing clients. ƒ Sch

  11. Slide 11: Plans – Europe

    Plans – Europe ƒ Estimated 12% of the adult population participates in an employee share plan. Significant growth potential. ƒ The Inland Revenue have received 589 SIP applications, of which 337 (57%) have been approved (Source: Inland Revenue June 02) ƒ Major wins: ‣ BP ‣ BAT ‣ Philips ‣ Whitbreads

  12. Slide 12: Document Services

    Document Services ƒ A global business leveraging off same technology platform ƒ Operations now established in Australia, US, Canada & UK ƒ Totally integrated with registry system ƒ Substantial growth in selling commercial work to CPU clients ƒ Major commercial wins in excess of $8m pa in UK alone ‣

  13. Slide 13: Analytics

    Analytics ƒ IRtrack (proprietary web based global equity market share ownership & contacts management system) released in Australia, UK and Canada ƒ Expanding into other issuer services (eg. Proxy solicitation globally) ƒ Two main business streams, issuers and capital markets ƒ Established in South

  14. Slide 14: Common Market Perceptions: United States

    Common Market Perceptions United States ƒ Slow pace of Growth ‣ Stuck to our strategy ‣ ADR Approval ‣ Large US Bank ‣ Chicago Mercantile Exchange ƒ Dow Jones experienced its best month ever in October 14

  15. Slide 15: Common Market Perceptions: Australia

    Common Market Perceptions Australia ƒ Bad service levels ƒ Losing clients ƒ In open competitive tender we retained: ‣ David Jones ‣ TAB Limited 15

  16. Slide 16: Asia

    Asia Hong Kong ƒ Cheung Kong Life Sciences (approx 40,000 shareholders) ƒ Bank of China (approx 380,000 shareholders) ƒ Standard Chartered (HK Register) (approx 5000 shareholders) 16

  17. Slide 17: Global Strategy

    Global Strategy ƒ Vision from 5 years ago, to be a Global Service Provider has not changed. ƒ Done all the hard work ‣ March 2003, SCRIP deployed across all businesses globally ‣ Global access for multi-national companies 17

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