Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Investor Day (June 2022)
41 slides from Tabcorp's investor day presentation, Jun 28, 2022
Slide 1: ASX announcement: Investor Day presentation
For personal use only 28 June 2022 ASX Market Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Investor Day presentation Attached is the presentation regarding Tabcorp Holdings Limited’s (Tabcorp) Investor Day. This presentation will be webcast on Tabcorp’s website at ww
Slide 2: Investor Briefing June 2022
For personal use only INVESTOR BRIEFING JUNE 2022
Slide 3: The line up
Investor Briefing June 2022 For personal use only The line up 04. THINGS ARE CHANGING 08. WHERE WE ARE TODAY – STRONG FOUNDATION FOR GROWTH 17. WHERE WE ARE HEADED – OUR STRATEGY 35. HOW WE ARE GOING TO GET THERE – IMMEDIATE PRIORITIES 37. CONCLUSION – OUR INVESTMENT PROPOSITION 39. Q&A
Slide 4: We're Raising the Game
WE’RE For personal use only RAISING THE GAME 3
Slide 5: Things Are Changing
Investor Briefing June 2022 For personal use only THINGS ARE CHANGING 4
Slide 6: Renewed Board
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition RENEWED BOARD For personal use only A strong and diverse Board with commercial and governance expertise. 1 1 1 BRUCE AKHURST KAREN STOCKS BRETT CHENOWETH JANETTE KENDALL JUSTIN MILNE R
Slide 7: Experienced Management and New Capabilities
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition EXPERIENCED MANAGEMENT For personal use only Broad skill set across customer, technology, innovation, media and AND NEW CAPABILITIES stakeholder engagement. ADAM RYTENSKILD DAN RENSHAW
Slide 8: Leveling the Playing Field
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only LEVELING THE PLAYING FIELD Supports sustainability of local racing, associated jobs and retail venues such as clubs and pubs. QLD NSW Level playing field in New p
Slide 9: Where We Are Today
Investor Briefing June 2022 For personal use only WHERE WE ARE TODAY Strong foundation for growth 8
Slide 10: Our Betting Eco-System
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only OUR BETTING ECO-SYSTEM 65% 25% 641,000 A unique eco-system, with scale, interacting Turnover is digital1 Digital Market Share2 Quarterly Active Users3 with custom
Slide 11: Betting Eco-System: Customer Metrics
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only BETTING ECO-SYSTEM: Our omni-channel customers are ~2 times1 more CUSTOMER METRICS valuable than digital only customers. They engage more frequently and are less
Slide 12: Betting Eco-System: Social Experiences
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only BETTING ECO-SYSTEM: SOCIAL EXPERIENCES Bettors value social experiences with brands they trust as part of their wagering experience. #1 BRAND 70% 63% 42%1 of bett
Slide 13: Betting Eco-System: Vision & Media Content
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only BETTING ECO-SYSTEM: VISION & MEDIA CONTENT Bettors value media content as part of their wagering experience. 72% 77% 36% of bettors1 watch of bettors1 value racin
Slide 14: Media & International: External Revenue Sources
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only MEDIA & INTERNATIONAL: EXTERNAL REVENUE SOURCES A source of resilient B2B contracted revenue with exposure to global racing turnover growth. DISTRIBUTION REVENUE
Slide 15: MAX Gaming Services
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only MAX GAMING SERVICES A source of resilient B2B contracted revenue with exposure to integrity services growth. 100% 73% 84% 3,955 120,000 REGULATORY PERFORMANCE Sol
Slide 16: ESG
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition ESG For personal use only COMMUNITY & ENVIRONMENT PEOPLE Ethical Procurement Animal Welfare Signatory to HESTA WORKPLACE GENDER • Supplier Code of Conduct • Human Rights Policy • Major
Slide 17: Customer Care / Responsible Betting
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only CUSTOMER CARE / RESPONSIBLE BETTING RESPECT THE ENABLE INFORMED CREATE TOOLS INTERACT CUSTOMER DECISION CHOICE THAT CARE RESPONSIBLY We always respect the Respons
Slide 18: Where We Are Headed: Our Strategy
Investor Briefing June 2022 For personal use only WHERE WE ARE HEADED Our Strategy 17
Slide 19: Strategy on a Page: We're Raising the Game
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only STRATEGY ON A PAGE: WE’RE RAISING THE GAME OUR OUR PRODUCTS, OUR COMMITMENT PEOPLE SERVICES & TECHNOLOGY TO CUSTOMER Will be fundamental to… GROWTH COMPETITIVENES
Slide 20: Growth: Market Leading Digital Experiences
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only GROWTH: Market leading digital experiences CREATE THE MOST Personalised and seamless DIGITAL INTEGRATED CUSTOMER interactive betting experiences with category lea
Slide 21: Growth: Active Customer Acceleration
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition GROWTH: For personal use only ACTIVE CUSTOMER ACCELERATION Use our betting eco-system to attract and maintain customers that are: DESTINATIONS DIGITAL STICKIER HIGH MORE VISION & VALUE
Slide 22: Growth: How We Will Unlock Growth
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition GROWTH: For personal use only HOW WE WILL UNLOCK GROWTH WIN IN DIGITAL MOVE FASTER & FOCUSSED INVEST IN TALENT EXTRACT VALUE DIFFERENTIATION FOR MUST WIN SOONER AREAS Improve digital j
Slide 23: Growth: Our Renewed Technology Framework
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition GROWTH: For personal use only OUR RENEWED TECHNOLOGY FRAMEWORK People & Culture Process Technology New leadership to drive Deliver high quality pipeline Focus on areas where Tabcorp Ba
Slide 24: Phase 1 App Launch
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition PHASE 1 APP LAUNCH: FIRST STEP IN EVOLVING For personal use only OUR DIGITAL COMPETITIVENESS Phase 1 App launch provides platform for accelerated future product innovation and reduced
Slide 25: Wagering: Customer Response to Phase 1 App
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only WAGERING: CUSTOMER New App resonating with customers1 – seen as easy to use, RESPONSE TO PHASE 1 APP functional and modern. FREQUENT TAB INFREQUENT TAB INFREQUENT
Slide 26: Competitiveness
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only COMPETITIVENESS Addressing inequities in our license and regulatory environment will create a more sustainable industry in the long run. LEVEL THE PLAYING FIELD C
Slide 27: Competitiveness & Sustainability: Sustainability Goals
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only COMPETITIVENESS & SUSTAINABILITY: SUSTAINABILITY GOALS OUR CUSTOMER CONTRIBUTE TO SUPPORT OUR BUILD A SUSTAINABLE PRIORITIES CARE OUR COMMUNITY PEOPLE TO SUCCEED
Slide 28: Pivot Gaming Services
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only COMPETITIVENESS & SUSTAINABILITY: PIVOT GAMING SERVICES OPPORTUNITY FUTURE STATE Growing demand for regulatory Transform & Grow monitoring services To: A trusted
Slide 29: Historical Financials: Wagering & Media Revenue
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only HISTORICAL FINANCIALS: Wagering & Media: REVENUE Weeks Impacted Fully or Partially by Lockdown Pro Forma Historical Revenue (A$m)1 16 2,622 2,481 304 2,305 183 37
Slide 30: Signs of Recovery from COVID-19 Impacts
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only SIGNS OF RECOVERY FROM COVID-19 IMPACTS Following significant COVID-19 impacts in FY20, FY21 and 1H22, signs of recovery are evident. Wagering Retail Turnover1 Re
Slide 31: Historical Financials: Cashflow and Capex
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only HISTORICAL FINANCIALS: CASHFLOW AND CAPEX History of strong cash conversion and free cashflow. Pro Forma Historical Capital Expenditure (A$m) Pro Forma Historical
Slide 32: Capital Discipline – Investment Priorities
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition FINANCIAL STRENGTH: For personal use only CAPITAL DISCIPLINE – INVESTMENT PRIORITIES Investment discipline to create value over the medium/long term. 01 GROWTH & TRANSFORMATION 02 SUST
Slide 33: Financial Strength
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only FINANCIAL STRENGTH Balance sheet provides capacity and flexibility to fund future growth initiatives. Target Net Debt Target Dividend Expected Committed Strong ca
Slide 34: Financial Strength: Cost Discipline
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only FINANCIAL STRENGTH: COST DISCIPLINE 01 strength Financial • Build on success of 3S cost program with launch of Genesis cost program FY23- FY25 and commercial • Lo
Slide 35: How We Are Going to Get There: Immediate Priorities
Investor Session June 2022 For personal use only HOW WE ARE GOING TO GET THERE Immediate Priorities 34
Slide 36: Our FY23-24 Priorities
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition For personal use only OUR FY23-24 PRIORITIES Growth Competitiveness Financial Strength Launch new technology Leverage unique Media Industry leader in safe Advocate for structural Capit
Slide 37: Conclusion: Our Investment Proposition
Investor Session June 2022 For personal use only CONCLUSION Our Investment Proposition 36
Slide 38: Things Are Changing: New Board, Executive Team and Strategy
Things are Where we Where we How we are going Our investment changing are today are headed to get there proposition THINGS ARE CHANGING For personal use only NEW BOARD, EXECUTIVE TEAM, AND STRATEGY WE’RE RAISING THE GAME. GROWTH COMPETITIVENESS FINANCIAL STRENGTH • Strong foundation to deliver • Ups
Slide 39: Q&A
Investor Session June 2022 For personal use only 38
Slide 40: Disclaimer
For personal use only DISCLAIMER This Presentation contains summary information about the current activities of Tabcorp statements. Indications of, and guidance on, financial position and performance are also Holdings Limited (Tabcorp) and its subsidiaries (Tabcorp Group) as at 28 June 2022. It forw
Slide 41: For personal use only
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