Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2008)
20 slides from Tabcorp's shareholder meeting presentation, Oct 23, 2008
Slide 1: Tabcorp Holdings Ltd Annual General Meeting 2008
For personal use only 2008 Tabcorp Holdings Ltd Annual General Meeting Thursday 23 October 2008
Slide 2: Chairman: John Story
For personal use only 2008 Tabcorp Holdings Ltd Annual General Meeting John Story Chairman Thursday 23 October 2008
Slide 3: 2008 review
2008 review For personal use only ¾ NPAT of $516.9 million (normalised and before non-recurring items) In line with guidance Mitigated impact of Equine Influenza ¾ Three significant balance sheet adjustments: Charge against value of Victorian Wagering and Gaming licences Impairment of Wageri
Slide 4: Dividend maintained
Dividend maintained For personal use only EPS, normalised and pre NRI Dividends per share 94 94 99.7 102.1 89 98.2 98.5 92.5 81 71 FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08 4
Slide 5: Victorian Government announcement April 2008
Victorian Government announcement April 2008 For personal use only ¾ New gambling industry structure in Victoria from 2012 ¾ Gaming structure to move from two operator model to venue model ¾ Government formed view that Tabcorp is not entitled to licence refund ¾ Tabcorp intends to pursue its rights
Slide 6: Contributions to industry and community
Contributions to industry and community ¾ Income generated for racing industry: For personal use only $300.3 million for Victoria $214.0 million for New South Wales ¾ Gambling taxes $1.3 billion ¾ Contributed $89.0 million to state community benefit funds ¾ Additional $2.0 million in other commu
Slide 7: Expansion initiatives
Expansion initiatives Casinos Wagering Gaming For personal use only ¾Significant expansion ¾New Northern Territory ¾Keno expansion into and redevelopment of bookmaking business NSW hotels Star City ¾$475m investment, ¾Continued investment ¾More than 2,700 completion 2011 in existing tote business ve
Slide 8: Responsible gambling
Responsible gambling For personal use only ¾ Tabcorp is committed to delivering its products responsibly ¾ Rated world leader by Dow Jones Sustainability Index 8
Slide 9: Tabcorp Holdings Ltd Annual General Meeting
For personal use only 2008 Tabcorp Holdings Ltd Annual General Meeting Thursday 23 October 2008
Slide 10: Managing Director and CEO: Elmer Funke Kupper
For personal use only 2008 Tabcorp Holdings Ltd Annual General Meeting Elmer Funke Kupper Managing Director and Chief Executive Officer Thursday 23 October 2008
Slide 11: 2008 financial results
2008 financial results For personal use only Actual Change Normalised Change $m FY08 on pcp FY08 on pcp Operating revenue 3,957.0 3.1% 3,915.6 0.9% Net operating expenses (1,014.0) 0.5% (1,014.0) 0.5% NPAT 542.9 11.4% 516.9 0.3% Victorian licence (487.7) Wagering goodwill (194.0) Star City expansion
Slide 12: 2008 highlights
2008 highlights Casinos Wagering Gaming For personal use only EBIT $368.8m,▼4.5% EBIT $264.4m,▲4.2% EBIT $261.4m,▼0.3% ¾Smoking bans at Star ¾Strong performance ¾Revenues up 4.8% City despite Equine despite indoor smoking Influenza bans ¾Tougher 2H trading conditions ¾Solid Sportsbetting ¾Continued
Slide 13: 2009 priorities
2009 priorities For personal use only Continue to improve operational performance Increase focus on service, competitive position and market share Step up capital investment in our existing businesses Prepare to respond to 2012 licence requirements in Victoria 13
Slide 14: Casinos: $475 million Star City expansion
Casinos: $475 million Star City expansion For personal use only 14
Slide 15: Wagering: Luxbet.com
Wagering: Luxbet.com For personal use only 15
Slide 16: Wagering: investment in totalisator business
Wagering: investment in totalisator business ¾ Critical for funding of racing industry For personal use only ¾ First to market with new products and technology ¾ Focus on international racing and pooling ¾ Continued investment: Completed 380 retail improvements Ordered 1,600 self service termina
Slide 17: Gaming: Keno expansion
Gaming: Keno expansion For personal use only FY08 QLD Venues 1,018 Tickets (m) 44.2 FY08 NSW Venues 1,183 Tickets (m) 41.3 2012 licence decision 17
Slide 18: Trading update
Trading update For personal use only ¾ Well positioned to weather economic slowdown ¾ Strong operating cash flows and sound balance sheet ¾ First quarter revenues up 4.9%, variable contribution up 2.7% ¾ First half NPAT expected to be modestly ahead of previous year (after additional licence amortis
Slide 19: For personal use only
For personal use only
Slide 20: Tabcorp Holdings Ltd Annual General Meeting
For personal use only 2008 Tabcorp Holdings Ltd Annual General Meeting Thursday 23 October 2008
Tabcorp Holdings — Shareholder Meeting (October 2008) on 6ix