Aj Lucas Group Limited · ASX:AJL
Aj Lucas — Shareholder Meeting (November 2018)
16 slides from Aj Lucas's shareholder meeting presentation, Nov 29, 2018
Slide 1: Annual General Meeting
Annual General Meeting November 2018 For personal use only 1
Slide 2: Agenda
AGENDA For personal use only • Welcome • Chairman’s address • Interview with Francis Egan (Cuadrilla CEO) • Formal Business • Close AJ Lucas Group | 29 November 2018 2
Slide 3: Chairman's Address
Chairman’s Address For personal use only • Australian Drilling division: – Outstanding Australian safety performance – Underlying EBITDA of 19.7m a considerable improvement AJ Lucas Group | 29 November 2018 3
Slide 4: Chairman's Address
Chairman’s Address For personal use only • Balance sheet initiatives undertaken – Divestment of Engineering and Construction (LEC) division – Equity raising net proceeds 51.4 m, renegotiations of finance facilities • Strategic review of Drilling division underway AJ Lucas Group | 29 November 2018 4
Slide 5: Chairman's Address
Chairman’s Address For personal use only • Cuadrilla progressing AJ Lucas Group | 29 November 2018 5
Slide 6: Interview with Francis Egan (Cuadrilla CEO)
For personal use only • Interview with Francis Egan (Cuadrilla CEO) AJ Lucas Group | 29 November 2018 6
Slide 7: Formal business and resolutions
Formal Business Agenda For personal use only 1. Receive and consider Directors and Financial reports 2. Resolution 1: Remuneration report 3. Resolution 2: Re-election of John O’Neill 4. Resolution 3: Re-election of Ian Meares 5. Resolution 4: Amendments to Company Constitution 6. Resolution 5: Furth
Slide 8: Financial Statements
Formal Business Agenda Item 1 For personal use only Financial Statements There is no vote on this item AJ Lucas Group | 29 November 2018 8
Slide 9: Human Resources Committee remuneration review
Formal Business Agenda Item 2 For personal use only The Human Resources Committee met on 2 occasions in the 2017/18 financial year. The Committee considered the following matters • A review of the remuneration packages and annual performance review – We benchmark against the market, and attract, ret
Slide 10: Resolution 1: Remuneration Report
Formal Business Agenda Item 2 For personal use only Resolution 1: Remuneration Report Proxy Votes For 585,916,951 98.82% Against 6,135,111 1.03% Open 890,534 0.15% Abstain 156,208 N/A AJ Lucas Group | 29 November 2018 10
Slide 11: Resolution 2: Re-Election of John O'Neill
Formal Business Agenda Item 3 For personal use only Resolution 2: Re-Election of John O’Neill Proxy Votes For 606,228,436 99.76% Against 537,503 0.09% Open 890,534 0.15% Abstain 1,679,926 N/A AJ Lucas Group | 29 November 2018 11
Slide 12: Resolution 3: Re-Election of Ian Meares
Formal Business Agenda Item 4 For personal use only Resolution 3: Re-Election of Ian Meares Proxy Votes For 606,224,905 99.76% Against 541,034 0.09% Open 890,534 0.15% Abstain 1,679,926 N/A AJ Lucas Group | 29 November 2018 12
Slide 13: Resolution 4: Amendments to Constitution
Formal Business Agenda Item 5 For personal use only Resolution 4: Amendments to Constitution Proxy Votes For 605,792,427 99.45% Against 2,461,531 0.40% Open 893,534 0.15% Abstain 188,907 N/A • This is a special resolution requiring at least 75% of the votes cast AJ Lucas Group | 29 November 2018 13
Slide 14: Resolution 5: Further amendments to Constitution
Formal Business Agenda Item 6 For personal use only Resolution 5: Further amendments to Constitution Proxy Votes For 605,857,601 99.44% Against 2,489,459 0.41% Open 890,534 0.15% Abstain 98,805 N/A • This is a special resolution requiring at least 75% of the votes cast AJ Lucas Group | 29 November 2
Slide 15: Resolution 6: Increase in Directors fee pool
Formal Business Agenda Item 7 For personal use only Resolution 6: Increase in Directors fee pool By $150,000 from $750,000 to $900,000 Proxy Votes For 532,717,112 89.84% Against 59,378,207 10.01% Open 890,534 0.15% Abstain 16,350,546 N/A AJ Lucas Group | 29 November 2018 15
Slide 16: Conclusion
For personal use only CONCLUSION AJ Lucas Group | 29 November 2018 16