Spark New Zealand Limited · NZX:SPK
Spark New Zealand — Shareholder Meeting (2024)
26 slides from Spark New Zealand's shareholder meeting presentation, 2024
Slide 1: Annual Shareholder Meeting 2024
Annual Shareholder Meeting 2024
Slide 2: Chair’s Address
Chair’s Address
Slide 3: Order of Meeting
Introductions Chair’s Address CEO’s Review Order of Meeting Resolutions Resolutions Q&A Conduct of Polls General Q&A
Slide 4: Introductions
Introductions • Gordon MacLeod • Sheridan Broadbent • Warwick Bray • Lisa Nelson • Jolie Hodson, Director and CEO • David Havercroft • Alison Barrass • Stefan Knight, CFO
Slide 5: FY24 financial performance
FY24 financial performance Reported result Adjusted result Revenue: $3,861 million (-14.0%) Revenue: $3,861 million (-1.2%) EBITDAI: $1,163 million (-32.5%) EBITDAI: $1,163 million (-2.5%) Net Profit After Tax: $316 million (-72.2%) Net Profit After Tax: $342 million (-21.0%) $330m $518m 27.5 cps 32
Slide 6: Updated FY25 Guidance
Updated FY25 Guidance (1) Original FY25 Guidance Updated FY25 Guidance $1,120m-$1,180m Adjusted EBITDAI $1,165m-$1,220m (excluding gains on sale and transformation costs that are greater than $25m) Capital expenditure(2) ~$460m-$480m ~$415-$435m Dividend per share Total 27.5 cps Total 25.0 cps (75%
Slide 7: Resetting performance
Resetting performance Building market Transformed Simpler Long-term momentum: cost base: portfolio: value creation: Focussed in SPK-26 Operate Strategic review of Data centre telco core Programme non-core assets growth strategy
Slide 8: Sustainability performance
Sustainability performance • $350 million of capital • Skinny Jump now • Maintained inclusion investment supporting supports nearly 32,000 in the Dow Jones improved network households in need Sustainability performance, resilience, across the country Australia Index and digital infrastructure
Slide 9: Looking ahead.
Looking ahead.
Slide 10: CEO Review
CEO Review
Slide 11: Building momentum in our telco core
Building momentum in our telco core Mobile Enterprise & Government • Maintaining Spark’s #1 • Focussing on core markets of position in the market1 connectivity (mobile, managed • Stimulating growth into H2 networks, and IoT) and cloud through pricing, campaigns, • Resetting cost base and and new pro
Slide 12: SPK-26 Operate Programme
SPK-26 Operate Programme Operating model: Operating costs: Scale AI: New: $50 million net $30 million net opex expanded use of Technology labour cost reduction cost reduction Generative AI delivery model On Track Work Underway On Track
Slide 13: Data centre strategy
Data centre strategy 25% market share – a 118MW development pipeline, 10-year renewable deal with strong position to build on targeting returns of ~10-15% Genesis Energy
Slide 14: Our people
Our people
Slide 15: Our customers
Our customers +38 interaction net promoter score (iNPS) up 7 points in FY24
Slide 16: Ngā mihi. Thank You.
Ngā mihi. Thank You.
Slide 17: Changes to our Board
Changes to our Board
Slide 18: Alison Barrass
Alison Barrass
Slide 19: Resolution: Auditor’s Remuneration
Resolution Auditor’s Remuneration Proxy Voting Votes For 1,115,914,957 Against 899,378 Discretionary 10,215,862 Abstain 364,827
Slide 20: Resolution: Re-election of David Havercroft
Resolution Re-election of David Havercroft Proxy Voting Votes For 1,074,339,391 Against 42,124,822 Discretionary 10,210,648 Abstain 720,163
Slide 21: Resolution: Re-election of Lisa Nelson
Resolution Re-election of Lisa Nelson Proxy Voting Votes For 1,081,187,654 Against 35,302,781 Discretionary 10,200,230 Abstain 704,359
Slide 22: Resolution: Re-election of Warwick Bray
Resolution Re-election of Warwick Bray Proxy Voting Votes For 1,094,022,869 Against 22,425,087 Discretionary 10,220,186 Abstain 726,882
Slide 23: Voting
Voting
Slide 24: Questions?
Questions?
Slide 25: Ngā mihi. Thank You.
Ngā mihi. Thank You.
Slide 26: Disclaimer
Disclaimer This announcement may include forward-looking statements regarding future events and the future financial performance of Spark New Zealand. Such forward-looking statements are based on the beliefs of and assumptions made by management along with information currently available at the time