Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — J.P. Morgan conference (November 2009)
8 slides from Flight Centre Travel's conference presentation, Nov 18, 2009
Slide 1: Flight Centre Limited – Presentation by Andrew Flannery
For personal use only Flight Centre Limited Presentation by Andrew Flannery J.P. Morgan conference 18 November, 2009 1
Slide 2: 2008/09: Overview
2008/09: Overview For personal use only Major turmoil – GFC, erosion in consumer confidence, swine flu, unrest CHALLENGING CONDITIONS Overall earnings also affected by US losses and restructuring Achieved pre-tax trading profit in the order of $100m FINANCIAL RESULTS Total transaction value $11.2b –
Slide 3: 2008/09: Opportunities during the GFC
2008/09: Opportunities during the GFC For personal use only In a depressed market, FLT sought to increase market share MARKET SHARE Advertising investment maintained while competitors reduced spend HIGHLIGHTING Low fares readily available during 2H VALUE Highlighted in ad campaigns and other marketi
Slide 4: Tentative signs of recovery
2009/10: Tentative signs of recovery For personal use only FIRST Results ahead of expectations QUARTER Pre-tax trading profit in order of $34million achieved with good margins Conditions stabilising after volatility of 2008/09 MARKET CONDITIONS Rate of improvement varies from country to country Volu
Slide 5: Growth opportunities
2009/10: Growth opportunities For personal use only OVERALL Modest expansion planned – up to 100 new businesses likely to open GROWTH LEISURE Targeting same store sales growth through upstaffing and aggressive marketing TRAVEL Continued expansion in niche travel sectors that are performing well Targ
Slide 6: Guidance
2009/10: Guidance For personal use only Ahead of expectations after Q1 SOLID START Conditions more stable than 2008/09 but some fragility remains Initial guidance still in place PROFIT TARGET Targeting $125m-$135m pre-tax result Some encouraging signs in most markets OUTLOOK Too early to amend full
Slide 7: GFC: Lessons learned
GFC: Lessons learned For personal use only CASH IS Low debt and healthy cash meant FLT was well placed to deal with crisis KING Look for internal opportunities for improvement INTERNAL FOCUS Cannot control world events and external factors Cut costs where possible, but not at expense of business BUI
Slide 8: End of presentation – Questions
End of presentation For personal use only Questions 8
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