Slide 1: Financial Results for the Full Year Ended 30 June 2012
For personal use only COMPUTERSHARE LIMITED (ASX:CPU) FINANCIAL RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2012 8 August 2012 NOTE: All figures (including comparatives) are presented in US Dollars (unless otherwise stated). The non-IFRS financial information contained within this document has not been
Slide 2: FY12 headline statutory and management adjusted results
Melbourne, 8 August 2012 – Computershare Limited (ASX:CPU) today reported Statutory Basic Earnings per Share (EPS) of 28.16 cents for the twelve months ended 30 June 2012, a decrease of 40.8% on FY11. Management Adjusted Earnings per Share were 49.09 cents, a decrease of 11.8% over the prior corresp
Slide 3: Reconciliation of Statutory Results to Management Adjusted Results
MARKET ANNOUNCEMENT Reconciliation of Statutory Results to Management Adjusted Results FY12 USD 000’s For personal use only Net profit after tax as per Statutory Results 156,499 Management Adjustments (after tax) Continental Europe impairment charge 63,761 Intangible assets amortisation 51,155 SLS b
Slide 4: Commentary (based on Management Adjusted Results)
MARKET ANNOUNCEMENT Commentary (based on Management Adjusted Results) Computershare delivered Management Adjusted Earnings per Share of 49.09 cents in FY12, down 11.8% on FY11. For personal use only This is in line with the Company’s guidance at the November 2011 Annual General Meeting of down 10%-1
Slide 5: EPS history and regional summary
MARKET ANNOUNCEMENT Below is a summary of annual Statutory and Management Earnings per Share performance over the past seven years: For personal use only Statutory & Management EPS 60.0 50.0 40.0 30.0 20.0 10.0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Stat US cents Mgt US cents Regional Summary Australia
Slide 6: United States and Canada regional summary
MARKET ANNOUNCEMENT United States US revenues grew 28.2% on FY11 to $654.4 million and EBITDA increased 0.2% to $125.0 million. The primary driver behind the revenue uplift was the SLS acquisition in November 2011 and the Shareowner Services acquisition For personal use only in December 2011. SLS be
Slide 7: Gearing, capex, technology costs and FX impact
MARKET ANNOUNCEMENT The Company’s Net Debt to Management EBITDA ratio, the key gearing metric, increased from 1.35 times at 30 June 2011 to 2.86 times at 30 June 2012. (However, note that the 30 June 2012 calculation includes the full funding of acquisitions during FY12, but only part year EBITDA co
Slide 8: About Computershare Limited (CPU)
MARKET ANNOUNCEMENT About Computershare Limited (CPU) Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust, mortgage, bankruptcy, class For personal
Slide 9: Full Year Results 2012 Presentation
For personal use only Computershare Limited Full Year Results 2012 Presentation Stuart Crosby Peter Barker 8 August 2012
Slide 10: CEO's Introduction and Financial Results Report
For personal use only Financial CEO’s Introduction Results Report 2
Slide 11: Introduction
Introduction For personal use only Stuart Crosby PRESIDENT & CHIEF EXECUTIVE OFFICER
Slide 12: Results Summary
Results Summary Introduction Statutory Results For personal use only FY 2012 Vs FY 2011 Management adjusted results are used, along with Earnings per share (post NCI) 28.16 cents (40.8%) other measures, to assess operating business performance. The Company believes that exclusion of Total Revenues $
Slide 13: Results Summary: Management Adjusted
Results Summary Introduction Management Adjusted Results For personal use only FY 2012 @ FY 2011 FY 2012 FY 2011 v FY 2011 exchange rates Management Earnings per share (post NCI) US 49.09 cents US 55.67 cents Down 11.8% US 48.68 cents Total Revenue $1,818.7 $1,618.6 Up 12.4% $1,798.1 Operating Costs
Slide 14: Drivers Behind FY 2012 Financial Performance
Drivers Behind FY 2012 Financial Performance Introduction For personal use only › Revenue in transactional business lines, especially corporate actions, continues to decline. Corporate actions revenues now lower than any year since 2004, which was pre Equiserve. Proxy solicitation (corporate and mut
Slide 15: Computershare Strengths
Computershare Strengths Introduction For personal use only › Leading market position in all major markets for equity investor record-keeping and employee stock plan administration based on: › sustainable advantages in technology, operations, domain knowledge and product development; › sustained qual
Slide 16: Guidance
Guidance Introduction For personal use only › We do not expect material improvement to the current difficult operating environment for our market-related businesses. However, we do expect continued strong contributions from recent acquisitions. › Looking to FY 2013 and having regard to the current e
Slide 17: CEO's Introduction and Financial Results Report
For personal use only Financial CEO’s Introduction Results Report 9
Slide 18: Financial
Financial Results For personal use only PETER BARKER CHIEF FINANCIAL OFFICER
Slide 19: Group Financial Performance
Group Financial Performance Financial Results For personal use only % variance FY 2012 FY 2011 2H 2012 1H 2012 2H 2011 1H 2011 to FY 2011 Sales Revenue $1,802.6 $1,598.9 12.7% $1,030.6 $772.0 $826.2 $772.7 Interest & Other Income $16.1 $19.7 (18.2%) $6.7 $9.4 $11.4 $8.3 Total Revenue $1,818.7 $1,618
Slide 20: Management EPS
Management EPS Financial Results For personal use only 70 60 57.80 55.67 52.11 49.09 50 40 US Cents 31.38 28.71 30 26.14 25.97 26.42 26.96 26.00 23.09 20 10 0 2009 2010 2011 2012 1H 2H FY 12
Slide 21: FY 2012 Management NPAT Analysis
FY 2012 Management NPAT Analysis Financial Results For personal use only 320 310 0.2 1.7 10.5 300 12.2 290 USD M 14.0 13.8 15.7 280 309.3 1.0 0.9 1.6 1.6 270 274.5 272.8 260 271.2 250 FY11 NPAT EBITDA - EBITDA - EBITDA - EBITDA - EBITDA - EBITDA - EBITDA - Tax Interest Dep'n & NCI FY12 NPAT USA Cana
Slide 22: Revenue & Management EBITDA
Revenue & Management EBITDA Financial Results Half Year Comparisons For personal use only 1,200 60% 1,037.3 1,000 50% 837.6 807.5 812.1 Revenue & EBITDA USD M 783.0 781.0 781.4 800 40% Operating Margin % 728.7 32.5% 34.0% 31.5% 30.5% 29.6% 600 29.1% 30% 27.1% 23.9% 400 20% 274.8 247.6 211.5 247.5 23
Slide 23: Revenue – Impact of Major FY 2012 Acquisitions
Revenue – Impact of Major FY 2012 Acquisitions Financial Results For personal use only 1,100 1,037.3 1,000 127.0 900 66.8 35.6 USD M 800 781.4 8.5 19.7 700 837.6 807.5 812.1 807.9 781.0 753.3 600 500 1H10 2H10 1H11 2H11 1H12 2H12 CPU Legacy Serviceworks SLS Shareowner Services 15
Slide 24: Revenue Breakdown
Revenue Breakdown Financial Results For personal use only FY 2012 Revenue Stream FY 2012 FY 2011 variance to 2H 2012 1H 2012 2H 2011 1H 2011 FY 2011 Register Maintenance $774.8 $698.5 10.9% $440.6 $334.2 $367.7 $330.8 Corporate Actions $156.1 $179.5 (13.0%) $88.7 $67.4 $82.7 $96.8 Business Services
Slide 25: Revenue & Management EBITDA – Regional Analysis
Half Year Comparisons 2012 & 2011 Financial Results Revenue & Management EBITDA – Regional Analysis For personal use only Revenue Breakdown EBITDA Breakdown 1,200 300 1,037.3 246.0 247.6 247.5 1,000 110.5 250 837.6 48.4 52.2 211.5 50.8 781.0 781.4 800 111.7 200 94.5 99.4 53.6 452.5 66.2 USD M USD M
Slide 26: Margin Income Analysis
Margin Income Analysis Financial Results For personal use only 200 16 180 15.4 14 12.1 160 11.2 12 140 9.2 117.4 10 120 8.2 8.8 USD Million 86.4 USD Billion 100 87.0 89.0 8 83.9 84.5 74.5 77.5 80 6.4 7.2 6 60 4 40 2 20 0 0 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 Margin Income Average balances Averag
Slide 27: FY 2012 Client Balances – Interest Rate Exposure
FY 2012 Client Balances – Financial Results Interest Rate Exposure For personal use only Average funds (USD 13.7b) held CPU had an average of USD13.7b of during FY 2012 client funds under management during FY 2012. Exposure to For 33% ($4.5b) of the FY 2012 interest rates average client funds under
Slide 28: Client Balances – Interest Rate Exposure and Currency
FY 2012 Client Balances – Financial Results Interest Rate Exposure and Currency For personal use only “Exposed Funds” by Currency (FY 2012 Average Balances) Total Exposed Funds Non-hedged Exposed (both hedged and non-hedged) Funds Other AUD 2% ($0.2b) AUD 4% ($0.4b) Other CAD 3% ($0.1b) 9% ($0.4b) 1
Slide 29: Client Balances – Forward view of Hedges
Client Balances – Forward view of Hedges Financial Results Fixed Rate Deposits and Derivatives in place at 30 June 2012 For personal use only 4,500 Synthetic Hedging (fixed rate deposits) Synthetic Hedging (derivatives) 4,000 3,500 3,000 USD M Total Hedges 2,500 2,000 1,500 1,000 500 0 Jul-12 Jul-13
Slide 30: Total Management Operating Costs
Total Management Operating Costs Financial Results Half Year Comparisons For personal use only 900 790.2 800 700 196.8 575.7 590.4 600 569.9 544.1 535.6 535.1 491.8 142.8 USD M 500 148.6 154.2 132.0 137.4 138.8 139.6 141.2 23.1 400 300 427.1 436.2 450.6 200 406.7 396.8 395.4 414.8 350.6 100 0 1H09 2
Slide 31: Management Operating Costs
Management Operating Costs Financial Half Year Comparisons Results For personal use only 365.9 400 350 293.4 290.4 283.7 263.7 300 256.1 250 196.8 USD M 200 154.2 148.6 139.6 138.8 132.0 122.6 150 89.9 81.8 80.7 80.0 79.3 100 60.6 44.3 36.9 34.8 34.6 33.9 30.3 28.9 26.8 24.6 22.7 20.7 50 0 Cost of S
Slide 32: Technology Costs
Technology Costs Financial Results Continued Investment to Maintain Strategic Advantage For personal use only 11.8% 140 11.5% 12% 10.7% 122.6 10.3% 10.0% 10.1% 120 9.9% 7.2 9.5% 10% Technology costs as a % of revenue 100 89.9 45.9 8% 82.7 81.8 80.7 2.9 80.0 79.3 USD M 80 4.4 3.4 4.1 71.1 3.9 2.7 2.3
Slide 33: Free Cash Flows
Free Cash Flows Financial Results For personal use only 250 206.7 207.7 200 188.2 181.6 171.2 159.9 148.4 146.4 150 USD M 100 49.7 * 50 30.1 12.6 10.3 15.4 10.0 7.3 8.0 0 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 Operating Cash Flows Cash outlay on Capital Expenditure * US$49.7m includes acquisition o
Slide 34: FY 2012 Operating Cash Flows Analysis
FY 2012 Operating Cash Flows Analysis Financial Results For personal use only 450 400 350 300 6.6 54.0 109.2 250 76.7 USD M 200 319.6 334.6 150 100 50 0 Net Operating Cash Net Profit after Tax Non-Cash P&L Decrease in Assets Increase in Net Operating Cash Flow FY11 Items Payables, Flow FY12 Provisio
Slide 35: Balance Sheet as at June 2012
Balance Sheet as at 30 June 2012 Financial Results For personal use only Jun-12 Jun-11 Variance See ASX Appendix 4E as at 30 June 2012 for full details. USD M USD M Jun-12 to Jun-11 FY12 acquisitions impact most balance sheet lines – but Current Assets $956.6 $733.9 30.3% particularly: a) Working Ca
Slide 36: Key Financial Ratios
Key Financial Ratios Financial Results For personal use only EBITDA Interest Coverage Net Financial Indebtedness to EBITDA* 25 3.5 3.0 20 2.5 15 2.0 Times Times 22.1 22.3 1.5 2.92 10 2.86 17.0 15.1 1.0 13.3 13.2 1.72 1.67 5 10.4 9.5 1.42 1.40 1.42 1.35 0.5 0 0.0 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H
Slide 37: Debt Facility Maturity Profile
Debt Facility Maturity Profile Financial Results For personal use only Maturity Dates Private USD M Debt Committed Bank Placement Drawn Debt Facilities Debt Facility Facility FY14 Oct-13 250.0m 250.0m 250.0m FY15 Mar-15 124.5m 124.5m 124.5m FY16 Oct-15 297.8m 300.0m 300.0m FY17 Oct-16 128.8m 250.0m
Slide 38: Capital Expenditure vs. Depreciation
Capital Expenditure vs. Depreciation Financial Results For personal use only 49.7 50 3.0 44.2 45 3.0 40 37.8 0.9 35 30 USD M 35.9 30.0 24.3 25 23.5 23.7 1.8 3.2 20 2.5 3.9 12.6 4.6 15 10.3 0.5 2.1 0.2 0.8 8.7 10 3.0 1.7 0.7 1.9 1.2 17.2 2.0 14.6 1.0 11.1 5 8.2 9.2 10.4 1.0 7.2 4.7 0 1H09 2H09 1H10 2
Slide 39: Working Capital Management
Working Capital Management Financial Results For personal use only Days sales outstanding 45 43 42 41 41 40 40 40 38 38 35 30 No. Of Days 25 20 15 10 5 0 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 31
Slide 40: Return On Invested Capital vs. WACC and Return on Equity
Return On Invested Capital vs. WACC and Financial Results Return on Equity For personal use only 40% 36.10% 35% 31.44% 30% 26.93% 25% 22.34% 20% 17.98% 17.36% 16.94% 15% 13.57% 10% 10.57% 10.41% 9.83% 8.61% 5% 0% FY09 FY10 FY11 FY12 WACC ROIC ROE The FY12 ROIC calculation includes a full year profor
Slide 41: Equity Management
Equity Management Financial Final Dividend of 14 cents (AU) Results For personal use only EPS - Statutory US 28.16 cents EPS - Management US 49.09 cents Interim Dividend AU 14 cents (60% franked) Final Dividend AU 14 cents (60% franked) Current Yield* 3.6% * Based on 12 month dividend and share pric
Slide 42: Financial Summary – Final Remarks
Financial Summary – Final Remarks Financial Results For personal use only › Difficult trading environment across most business lines is impacting top line revenues and margins. › However, ongoing disciplined expense and capital expenditure management continue to drive solid results and strong free c
Slide 43: CEO's Introduction and Financial Results Report
For personal use only Financial CEO’s Introduction Results Report 35
Slide 44: CEO's Report
CEO’s Report For personal use only Stuart Crosby PRESIDENT & CHIEF EXECUTIVE OFFICER CEO PRESENTATION
Slide 45: Group strategy and priorities
Group strategy and priorities CEO’s Report For personal use only Our group strategy remains as it has been: › Continue to drive operations quality and efficiency through measurement, benchmarking and technology. › Improve our front office skills to protect and drive revenue. › Continue to seek acqui
Slide 46: Delivery against strategy
Delivery against strategy CEO’s Report For personal use only Delivering on the first 2 limbs of the strategy (cost & revenue) is as always a key priority: › Our processes of measuring and benchmarking operational and shared services costs continue to deliver benefits. The step-change opportunity fro
Slide 47: Other priorities
Other priorities CEO’s Report For personal use only › The volume of cross border deals continues to defy otherwise low transaction volumes. A number of issuers are following or looking to follow the lead of AON in making non-US native securities available within DTCC without a traditional depository
Slide 48: Acquisitions update – Shareowner Services
Acquisitions update – Shareowner Services CEO’s Report For personal use only › While revenues have been softer than expected (as with our other US, and indeed many other global, investor services assets), that has been partly offset by synergies being realised more quickly than expected. › Data and
Slide 49: Shareowner Services – tracking synergies (USD M)
Shareowner Services – tracking synergies (USD M) CEO’s Report For personal use only Synergies – expected timing FY12 FY13 FY14 FY15 Said we expected 2.5 25.0 35.0 10.0 Cumulative expected 27.5 62.5 72.5 Synergies – actual progress FY12 FY13 FY14 FY15 Delivered 9.3 Now expected 25.0 35.0 5.0 Cumulati
Slide 50: Acquisitions update – SLS and Serviceworks
Acquisitions update – SLS and Serviceworks CEO’s Report For personal use only › In both cases, there were significant client wins and on-boardings immediately around the acquisitions closing, resulting in top-line growth significantly higher than expected. › In both cases, this accelerated the need
Slide 51: USA Update
USA Update CEO’s Report For personal use only › Shareowner Services integration and migration, and SLS on-boarding, continue to dominate management agenda. › Service levels, quality and survey scores remain excellent across all businesses. › Winning new employee plans and transfer agency clients (e.
Slide 52: Canada Update
Canada Update CEO’s Report For personal use only › Continued excellent quality, client and shareholder satisfaction and service levels. › No material client losses across all business lines. › Register maintenance revenues holding up well in a difficult environment. › Winning our share of limited IP
Slide 53: UCIA Update
UCIA Update CEO’s Report For personal use only › Registry business voted top again in independent Capital Anaytics survey of FTSE 350 companies – 5th year in a row. › All components of the Plans business (onshore, offshore and global plans) continue to perform well and in particular generate signifi
Slide 54: Continental Europe Update
Continental Europe Update CEO’s Report For personal use only › Flat or shrinking markets in most of CEU region and outlook poor. But, Italy and Spain are generating activity in EGMs and rights and bond issues. › Strong performances by Servizio Titoli and Georgeson corporate proxy in Italy. Both enti
Slide 55: Asia Update
Asia Update CEO’s Report For personal use only › The HK IPO pipeline is still stalled. A few issues have got away but many more were deferred and retail demand (our revenue driver) remains very subdued. We expect many of the deferred IPOs to re-emerge as conditions permit. › Corporate action activit
Slide 56: Australia & New Zealand Update
Australia & New Zealand Update CEO’s Report For personal use only › Our quality and service levels remain excellent across all our businesses. › Our Investor Services businesses in Australia and NZ maintained their market leading positions, but both suffered from the subdued corporate actions market
Slide 57: Full Year Results 2012 Presentation
For personal use only Computershare Limited Full Year Results 2012 Presentation Stuart Crosby Peter Barker 8 August 2012
Slide 58: Appendix: Full Year Results 2012 Presentation
For personal use only Appendix: Full Year Results 2012 Presentation 8 August 2012 50
Slide 59: Appendix 1: Group Comparisons
Appendix 1: Group Comparisons For personal use only Group Comparisons 51
Slide 60: CPU Revenues
CPU Revenues Financial Results Half Year Comparisons For personal use only 100% 3% 3% 2% 4% 4% 3% 9% 10% 10% 11% 10% 12% 90% 6% 11% 9% 9% 10% 80% 11% 10% 5% 10% 5% 7% 4% 70% 17% 17% 16% 23% 60% 19% 17% 50% 12% 10% 14% 9% 9% 9% 40% 30% 42% 42% 44% 43% 42% 20% 39% 10% 0% 1H10 2H10 1H11 2H11 1H12 2H12
Slide 61: Revenue by Product
Revenue by Product Financial Results Half Year Comparisons - Impact of major FY 2012 acquisitions For personal use only Serviceworks, Shareowner Services, SLS Serviceworks 19.7 Serviceworks 35.6 revenues INCLUDED in the total revenue SLS 8.5 SLS 66.8 of $781.4M in 1H12 and $1,037.4M in 2H12 Shareown
Slide 62: FY 2012 Revenue Regional Analysis
FY 2012 Revenue Financial Results Regional Analysis For personal use only 400 327.6 350 300 250 200 USD M 152.0 145.8 137.5 150 106.0 103.4 84.9 75.3 100 65.9 63.1 58.5 56.6 53.9 53.8 44.9 37.3 27.4 25.5 23.4 50 20.2 16.4 16.3 16.2 15.7 13.0 11.0 7.5 7.4 6.6 6.1 5.2 4.8 4.3 4.3 4.0 3.8 3.4 3.2 2.7 2
Slide 63: Revenue Half Year Comparisons
Revenue Financial Results Half Year Comparisons For personal use only 500 440.6 450 367.7 400 342.9 334.2 330.8 317.3 350 300 234.7 USD M 250 200 148.3 139.8 136.5 134.9 131.2 112.3 112.2 150 96.8 91.7 90.3 88.7 87.5 85.0 84.7 83.6 82.7 81.9 81.6 80.9 78.1 74.0 71.0 70.1 67.4 100 57.6 52.2 49.6 39.5
Slide 64: Effective Tax Rate - Statutory & Management
Effective Tax Rate - Statutory & Management Financial Results For personal use only 29% 28.3% 28% 27.8% 27.5% 27.0% 27% 26.6% 26.4% 26.3% 26% 25.6% Tax Rate % 25.1% 25% 24.0% 24% 23% 22% 21% FY08 FY09 FY10 FY11 FY12 Statutory Management 56
Slide 65: Appendix 2: Country Summaries
Appendix 2: Country Summaries For personal use only Country Summaries 57
Slide 66: Australia
Australia Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 250 90 80.0 217.3 74.7 73.5 80 198.1 73.1 72.4 192.6 70.9 187.9 67.8 200 63.9 70 167.4 165.2 61.6 59.9 56.5 60 54.4 150 45.8 50 AUD M AUD M 35.3 40 100 24.2 30 21.5 20.4 19.3 17.2 16.3 50 20 12.6 1
Slide 67: New Zealand
New Zealand Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 9 7 8.3 8.0 5.8 7.5 8 5.8 7.4 5.7 6 5.6 7.2 5.5 5.2 7 6.4 5 6 4 NZD M NZD M 5 4 3 2.3 2.0 3 2.0 1.8 2 1.5 2 0.9 1 1 0.3 0.2 0.1 0.1 0.1 0 0 Register Maintenance Corporate Actions Business Service
Slide 68: Hong Kong
Hong Kong Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 400 200 172.0 327.6 180 159.3 157.7 350 155.1 153.8 151.5 297.0 147.9 160 135.3 300 253.9 140 234.1 226.8 250 210.3 120 HKD M HKD M 200 100 72.5 80 62.4 150 52.2 46.2 60 100 40 16.1 16.0 14.5 50 20
Slide 69: India
India Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 1,000 1,134.2 1,101.7 1,074.4 1,060.1 1,200 900 1,018.5 798.4 771.6 998.0 714.2 800 687.8 1,000 660.0 632.5 700 INR M INR M 800 600 500 600 356.1 330.6 400 301.6 290.5 278.7 400 300 235.3 135.2 200 69.
Slide 70: United States
United States Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 500 452.5 250 215.1 450 400 200 312.2 350 297.1 138.8 135.8 266.4 258.3 300 150 126.4 USD M USD M 117.4 112.5 112.0 217.7 250 200 100 65.8 65.4 150 58.3 51.4 48.1 45.2 40.0 39.8 37.8 34.4 100 5
Slide 71: Canada
Canada Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 60 110.2 109.5 109.0 120 48.3 98.6 97.7 46.7 94.3 45.9 50 100 38.3 38.1 37.8 37.0 36.8 36.3 36.1 36.1 40 80 32.0 CAD M CAD M 60 30 40 20 14.0 13.0 12.6 12.3 12.2 11.0 8.6 8.5 8.0 7.6 7.2 7.2 20 10 2.3
Slide 72: United Kingdom & Channel Islands
United Kingdom & Channel Islands Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 90 40 82.5 82.0 77.7 76.1 33.6 73.5 80 35 67.4 28.7 70 27.0 30 26.1 24.3 24.2 60 23.2 25 21.4 21.0 20.7 20.6 20.2 19.9 GBP M GBP M 19.7 19.6 50 19.2 17.2 20 40 15 30 9.6 9.0
Slide 73: Ireland
Ireland Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 4 5.7 6 5.5 3.6 5.4 3.5 3.4 3.4 3.3 4 3.3 5 4.5 4.4 3 4.2 4 3 EUR M EUR M 3 2 2 1.3 1.2 2 1.1 1.0 0.8 1 0.8 0.8 0.7 0.7 1 1 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0 0 Register Corporate Actions Employee
Slide 74: South Africa
South Africa Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 140 160 123.6 118.4 138.0 117.7 132.6 113.5 130.3 111.5 109.9 127.7 125.7 140 120 123.5 120 100 100 80 ZAR M ZAR M 80 60 60 40 40 20 20 9.4 9.1 9.0 7.8 7.5 7.2 6.3 3.8 3.3 2.6 2.6 2.5 2.4 2.4 2.
Slide 75: Germany
Germany Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 30 12 10.9 27.1 10.4 10.4 24.2 10 22.9 25 8.4 20 8 7.0 16.8 16.3 6.2 14.8 6.0 EUR M EUR M 5.5 15 6 5.2 4.8 4.8 4.5 3.7 3.6 3.5 10 4 3.0 2.4 2.2 2.2 2.1 1.7 1.7 1.4 1.4 1.4 5 2 1.3 1.2 1.2 1.0 0.8 0.5
Slide 76: Russia
Russia Financial Half Year Comparison Results For personal use only Total Revenue Revenue Breakdown 418.5 450 450 402.1 393.5 371.3 363.4 400 400 340.1 312.1 350 350 293.2 300 300 RUB M RUB M 250 250 182.1 175.3 200 200 135.3 129.2 150 150 100 100 26.8 25.0 23.3 17.7 50 50 6.8 6.2 4.0 1.2 0.0 0.0 0
Slide 77: Appendix 3: Assumptions
Appendix 3: Assumptions Financial Results For personal use only Assumptions 69
Slide 78: Assumptions: Exchange Rates
Assumptions: Exchange Rates Financial Results For personal use only Average exchange rates used to translate profit and loss to US dollars USD 1.0000 AUD 0.9608 HKD 7.7739 NZD 1.2347 INR 49.6066 CAD 0.9979 GBP 0.6288 EUR 0.7381 RAND 7.6629 RUB 29.9949 AED 3.6730 DKK 5.4915 SEK 6.6521 70