Air New Zealand Limited · NZX:AIR

Air New Zealand — Shareholder Meeting (September 2009)

21 slides from Air New Zealand's shareholder meeting presentation, Sep 23, 2009

  1. Slide 1: 2009 Annual Shareholder Meeting

    For personal use only 1 2009 ANNUAL SHAREHOLDER MEETING

  2. Slide 2: 2009 Annual Shareholder Meeting

    For personal use only 2 2009 ANNUAL SHAREHOLDER MEETING

  3. Slide 3: Annual Meeting

    ANNUAL MEETING For personal use only • Chairman’s Address • Chief Executive’s Address • Item 1: To re-elect Warren Larsen • Item 2: To re-elect John McDonald • Item 3: Changes to the Constitution • General discussion 3 2009 ANNUAL SHAREHOLDER MEETING

  4. Slide 4: Highlights of 2009

    HIGHLIGHTS OF 2009 For personal use only • Normalised earnings* $145m • Net cash position of $1.6bn • Positive employee engagement • Effective capacity management • Strong non-airline revenue growth * Normalised earnings before taxation after excluding the net impact of derivatives that hedge exposu

  5. Slide 5: Dividends

    DIVIDENDS For personal use only • Annual dividend of 6.5 cps • Total shareholder distributions of $69 million 5 2009 ANNUAL SHAREHOLDER MEETING

  6. Slide 6: Award Winning

    AWARD WINNING For personal use only 6 2009 ANNUAL SHAREHOLDER MEETING

  7. Slide 7: Outlook

    OUTLOOK For personal use only • While demand is stabilising, yields remain under significant pressure • Fuel prices have resumed an upward trend and we are unlikely to achieve the same level of net hedging gains • The same agility displayed in the 2009 financial year will be imperative throughout th

  8. Slide 8: For personal use only

    For personal use only 8 2009 ANNUAL SHAREHOLDER MEETING

  9. Slide 9: Strategic Priorities

    STRATEGIC PRIORITIES For personal use only • Optimising network and aligning supply to demand • Refreshing product offering • Developing long haul product for B777-300ER • Maintaining our environmental leadership position • Further development of Airpoints programme • Increase focus on new media wit

  10. Slide 10: Cost Initiatives

    COST INITIATIVES For personal use only • Reduced aircraft operations • Fuel efficiency initiatives • FTE reduced by 467* • Reduced working week and leave without pay offered • Board, executive and management pay freeze • Continuous cost management * excluding acquired businesses 10 2009 ANNUAL SHARE

  11. Slide 11: Fleet Flexibility

    FLEET FLEXIBILITY For personal use only FLEET FLEXIBILITY • First 777-300ER arrives in 10,000 November 2010 9,000 • RFP for narrow body fleet 8,000 Wide body seat count replacement issued 7,000 6,000 • Seven ATR72-500s to be purchased on expiry of 5,000 lease 4,000 3,000 • Fleet flexibility maintain

  12. Slide 12: Summary

    SUMMARY For personal use only • Agility and speed to adapt remain crucial • Investment in fleet, product and service will continue • New Zealand needs to remain top destination • Kiwi spirit and attitude plays a key role 12 2009 ANNUAL SHAREHOLDER MEETING

  13. Slide 13: For personal use only

    For personal use only 13 2009 ANNUAL SHAREHOLDER MEETING

  14. Slide 14: For personal use only

    For personal use only 14 2009 ANNUAL SHAREHOLDER MEETING

  15. Slide 15: Resolutions

    RESOLUTIONS For personal use only • Item 1: To re-elect Warren Larsen • Item 2: To re-elect John McDonald • Item 3: Changes to Constitution 15 2009 ANNUAL SHAREHOLDER MEETING

  16. Slide 16: Item

    ITEM 1 For personal use only • Item 1: To re-elect Warren Larsen • Item 2: To re-elect John McDonald • Item 3: Changes to Constitution 16 2009 ANNUAL SHAREHOLDER MEETING

  17. Slide 17: Item

    ITEM 2 For personal use only • Item 1: To re-elect Warren Larsen • Item 2: To re-elect John McDonald • Item 3: Changes to Constitution 17 2009 ANNUAL SHAREHOLDER MEETING

  18. Slide 18: Item

    ITEM 3 For personal use only • Item 1: To re-elect Warren Larsen • Item 2: To re-elect John McDonald • Item 3: Changes to Constitution 18 2009 ANNUAL SHAREHOLDER MEETING

  19. Slide 19: For personal use only

    For personal use only 19 2009 ANNUAL SHAREHOLDER MEETING

  20. Slide 20: For personal use only

    For personal use only 20 2009 ANNUAL SHAREHOLDER MEETING

  21. Slide 21: For personal use only

    For personal use only 21 2009 ANNUAL SHAREHOLDER MEETING

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