Downer Edi Limited · ASX:DOW
Downer Edi — Shareholder Meeting (November 2021)
21 slides from Downer Edi's shareholder meeting presentation, November 2021
Slide 1: Annual General Meeting
Downer nual General Meeting 4 NBVeIBer
Slide 2: Mark Chellew, Chairman
Mark Chellew Chairman 2
Slide 3: Housekeeping
Housekeeping To vote When open, the vote will be 123-456-789 accessible by selecting the voting fr Ho Bvorine tab at the top of the screen 1B Poll Open Resolution 1 To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For O Against O A
Slide 4: Housekeeping
Housekeeping To ask a written question To ask an audio question 4
Slide 5: Mark Chellew, Chairman
Mark Chellew Chairman 5
Slide 6: Grant Fenn, Managing Director and Chief Executive Officer
Grant Fenn Managing Director and Chief Executive Officer 6
Slide 7: Financial Year 2021 - Delivering on priorities
Financial Year 2021 - Delivering on priorities Deliver strong FY21 earnings and cash result Capital Management High underlying cash conversion of 101% Reset optimal capital structure at Net Debt / EBITDA of 2.0-2.5x (Gearing 19%) Increased dividend payout ratio (21cps full year) $400m share buy-back
Slide 8: Sustainability Achievements
Sustainability Achievements S&P Global Sustainability Yearbook Member and Industry Mover in 2021. Establishment of $1.4bn syndicated sustainability linked loan facility Environment Signatory to the Science Based Target Initiative (SBTi), committed to Net Zero by 2050 in line with the 1.5C busi
Slide 9: Sustainability opportunities
Sustainability opportunities Sustainability linked finance Support indigenous education and cultural awareness Group Support Mental Health in Downer and the community Support diversity within Downer and the community Provide staff with opportunity for workplace giving Transport Utilities F
Slide 10: Financial Year 2022 - Update
Financial Year 2022 - Update Core Trading Update (July – Sept) Capital Management Core3 EBITA in line with prior year Refinanced $1.4bn Sustainability Linked Loan Strong Transport performance $400m share buy-back ($90m purchased to date) Covid shutdown impact on NZ, Facilities & Utilities
Slide 11: Mark Chellew, Chairman
Mark Chellew Chairman 11
Slide 12: Robert Regan, Company Secretary
Robert Regan Company Secretary 12
Slide 13: Item 1: Financial Report, Directors' Report and Independent Auditor's Report
Item 1: Financial Report, Directors’ Report and Independent Auditor’s Report The Financial Report, Directors’ Report and the Independent Auditor’s Report are now open for discussion. There is no requirement for shareholders to approve these reports. Accordingly, item number one is for discussion onl
Slide 14: Item 2a: Election of Mark Chellew
Item 2a: Election of Mark Chellew “That Mr Mark Chellew, who was appointed as an Independent Non-executive Director of the Company, effective 1 September 2021 in accordance with rule 3.3 of the Company’s Constitution and being eligible, is elected as a Non-executive Director of Downer.” Proxies rece
Slide 15: Item 2b: Re-election of Philip Garling
Item 2b: Re-election of Philip Garling “That Mr Philip Garling, who was appointed as an Independent Non-executive Director of the Company on 24 November 2011 and in accordance with Rule 3.6 of the Company’s Constitution and being eligible, offers himself for re-election, is elected as a Non-executiv
Slide 16: Item 2c: Re-election of Nicole Hollows
Item 2c: Re-election of Nicole Hollows “That Ms Nicole Hollows, who was appointed as an Independent Non-executive Director of the Company on 19 June 2018 and in accordance with Rule 3.6 of the Company’s Constitution and being eligible, offers herself for re-election, is elected as a Non-executive Di
Slide 17: Item 3: Adoption of Remuneration Report
Item 3: Adoption of Remuneration Report “That the Remuneration Report for the year ended 30 June 2021 be adopted.” Proxies received in relation to this item are displayed on the screen. Voted % % of all shares For 525,240,429 97.08 76.13 Against 15,119,,430 2.79 2.19 Abstain 1,238,719 n/a 0.18 Open
Slide 18: Item 4: Approval of Managing Director's LTI
Item 4: Approval of Managing Director’s LTI “That approval is given to the grant of performance rights pursuant to the Company’s LTI Plan and the acquisition of shares on vesting by issue or by transfer as the Managing Director’s long-term incentive for 2022 on the basis described in the Explanatory
Slide 19: Mark Chellew, Chairman
Mark Chellew Chairman 19
Slide 20: Polls
Polls
Slide 21: Downer
Downer nual General Meeting 4 NBVeIBer