Air New Zealand Limited · NZX:AIR
Air New Zealand — Shareholder Meeting (September 2010)
16 slides from Air New Zealand's shareholder meeting presentation, Sep 24, 2010
Slide 1: Annual Shareholders' Meeting 2010
For personal use only Annual Shareholders’ Meeting 2010 first in, best dressed 1 Annual Shareholders Meeting 2010
Slide 2: John Palmer, Chairman
For personal use only John Palmer Chairman 2 Annual Shareholders Meeting 2010
Slide 3: Annual Meeting
ANNUAL MEETING For personal use only • Chairman’s Chairman s Address • Chief Executive’s Executive s Address • Item 1: To re- re-elect Jane Freeman • Item 2: To re- re-elect Dr James Fox • General discussion 3 Annual Shareholders Meeting 2010
Slide 4: Highlights of 2010
HIGHLIGHTS OF 2010 For personal use only • Normalised earnings* $137m • Net cash position of $1.1bn • Operating cashflow up 33% • Gearing at 47.3% • Award winning product and service • New initiatives announced across all markets * Normalised earnings before taxation after excluding the net impact o
Slide 5: Dividends
DIVIDENDS For personal use only • Fully imputed final dividend of 4 cents per share • Annual dividend of 7 cps • Total shareholder distributions of $75 million 5 Annual Shareholders Meeting 2010
Slide 6: Outlook
OUTLOOK For personal use only • The airline industry is showing signs of recovery – IATA forecasting global industry profit of US$8.9 billion this yyear ear • We are planning to increase capacity in 2011 across the network, particularly on domestic and trans- trans-Tasman services • Earnings can be
Slide 7: Rob Fyfe, CEO
For personal use only Rob Fyfe CEO 7 Annual Shareholders Meeting 2010
Slide 8: New Initiatives
NEW INITIATIVES For personal use only • Tasman and Pacific Island product choices • Common narrowbody A320 fleet World-first long haul product • World- • Loyalty programme developments 8 Annual Shareholders Meeting 2010 • Starfish regional discount card
Slide 9: Trans-Tasman Alliance Proposal
TRANS-TASMAN ALLIANCE PROPOSAL For personal use only • Create second integrated Australasian network • Revenue allocation agreement and code share • Improved Australian distribution and product offering • Lounge access and frequent flyers • Accelerated market growth and tourism promotion • ACCC draf
Slide 10: Strategic Priorities
STRATEGIC PRIORITIES For personal use only • Increasing capacity as growth returns • Promotion and delivery of new long haul product • Managing fleet replacement programmes • Maintaining our environmental leadership position • Implementing alliance upon regulatory approval • Increasing customer enga
Slide 11: Questions on Company Performance
For personal use only Questions on Company Performance 11 Annual Shareholders Meeting 2010
Slide 12: Resolutions
For personal use only Resolutions 12 Annual Shareholders Meeting 2010
Slide 13: Resolutions
RESOLUTIONS For personal use only • Item 1: To re- re-elect Jane Freeman • Item 2: To re- re-elect Dr James Fox 13 Annual Shareholders Meeting 2010
Slide 14: Item
ITEM 1 For personal use only • Item 1: To re- re-elect Jane Freeman • Item 2: To re- re-elect Dr James Fox 14 Annual Shareholders Meeting 2010
Slide 15: Item
ITEM 2 For personal use only • Item 1: To re- re-elect Jane Freeman • Item 2: To re- re-elect Dr James Fox 15 Annual Shareholders Meeting 2010
Slide 16: General Questions
For personal use only General Questions 16 Annual Shareholders Meeting 2010
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