Slide 1: Annual Shareholders Meeting 2017
Annual Shareholders Meeting 2017
Slide 2: Sue Sheldon
LEC Oka ASSOCIATED COURIERS { wu
Slide 3: Agenda
HY17 HEADLIN E HEADLIN Agenda E HEADLIN E 1. Chairman’s Introduction 2. Managing Director’s Review and Trading Update 3. Resolutions
Slide 4: General Highlights
General Highlights Strength of underlying Completion of significant Execution of robust Performance of our volume growth and projects to budget and contingency plans that Information margins in the Express within timetable that ensured least possible Management Package & Business ensure important fu
Slide 5: Financial Highlights
HY17 HEADLIN E HEADLIN Financial Highlights E HEADLIN E 2017 2016 Increase Note $M $M % Revenue 545.3 505.4 7.9 EBITA (before non-recurring items) (i) 89.3 87.7 1.9 Non-recurring items 3.7 (6.3) EBITA (ii) 93.0 81.4 14.3 NPAT (before non-recurring items) (iii) 56.6 54.4 4.1 Non-recurring items after
Slide 6: Express Package & Business Mail
HY17 HEADLIN E HEADLIN Express Package & Business Mail E HEADLIN E Jun-17 Jun-16 Change $M $M Operating 402.6 370.3 8.7% Revenue EBITDA* 70.4 66.5 5.8% EBITA* 65.3 62.1 5.1% EBITA Margin* 16.2% 16.8% * Excluding non-recurring items 1
Slide 7: Information Management
HY17 HEADLIN E HEADLIN Information Management E HEADLIN E Jun-17 Jun-16 Change $M $M Operating 144.2 136.8 5.4% Revenue EBITDA* 32.7 33.2 (1.5)% EBITA* 27.7 28.4 (2.7)% EBITA Margin* 19.2% 20.8% * Excluding non-recurring items 1
Slide 8: Final Dividend
HY17 HEADLIN E HEADLIN Final Dividend E HEADLIN E • Final dividend: 14.75 cps • Imputation credits: 5.7361 cps (at 28% tax rate) • Supplementary dividend: 2.6029 cps • Record date: 15 September 2017 • Payment date: 2 October 2017 • No DRP was offered in respect of this dividend 1
Slide 9: Corporate Governance
HY17 HEADLIN E HEADLIN Corporate Governance E HEADLIN E • New NZX Corporate Governance Code • A small number of new policies and new disclosures are required • FRE will be in compliance with this new Code by the required date of 30 June 2018 1
Slide 10: Dean Bracewell
HY17 HEADLIN E HEADLIN Dean Bracewell Managing Director E HEADLIN E 1
Slide 11: Agenda
HY17 HEADLIN E HEADLIN E HEADLIN E Agenda 1. Industry Overview and Business Description 2. Business Strategy 3. Trading Update 4. Outlook
Slide 12: Express Package & Business Mail
HY17 HEADLIN E HEADLIN E HEADLIN E Express Package & Business Mail
Slide 13: Express Package & Business Mail
HY17 HEADLIN E HEADLIN Express Package & Business Mail E HEADLIN E Network Courier Point-to-Point Business Mail Support 1
Slide 14: Information Management
HY17 HEADLIN E HEADLIN Information Management E HEADLIN E
Slide 15: Information Management
HY17 HEADLIN E HEADLIN Information Management E HEADLIN E Manage Transform Destroy Archive Security Imaging & document capture Secure destruction DataBank & Data Security Automated accounts payable eDestruction FileSaver Workflow Solutions Product destruction Secure Distribution Services Digital mai
Slide 16: Business Strategy
HY17 HEADLIN E HEADLIN Business Strategy E HEADLIN E
Slide 17: Business Strategy
HY17 HEADLIN E HEADLIN Business Strategy E HEADLIN E • Execute organic growth opportunities - Positioning, People, Performance, Profit • Diversification by industry • Diversification by geography • Execute complementary acquisition and alliance opportunities 1
Slide 18: Trading Update
HY17 HEADLIN E HEADLIN E HEADLIN E Trading Update
Slide 19: Operating Revenue
HY17 HEADLIN E HEADLIN Operating Revenue E HEADLIN E 600 500 400 $M 300 200 100 - 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Year Ended 30 June 2nd Half 1st Half 1
Slide 20: EBITA
HY17 HEADLIN E HEADLIN EBITA E HEADLIN E 100 90 80 70 60 $M 50 40 30 20 10 - 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Year Ended 30 June 2nd Half 1st Half 1
Slide 21: Consolidated Financial Performance
HY17 HEADLIN E HEADLIN Consolidated Financial Performance E HEADLIN E Quarter ended: Sep-17 Sep-16 Increase $000 $000 Operating Revenue 143,236 133,868 7.0% EBITDA* 26,938 25,917 8.1% EBITA* 23,561 22,137 6.4% NPATA* 15,515 14,566 6.5% NPAT* 15,051 14,148 6.4% * Excluding non-recurring items 1
Slide 22: Express Package & Business Mail
HY17 HEADLIN E HEADLIN Express Package & Business Mail E HEADLIN E Quarter ended: Sep-17 Sep-16 Increase $000 $000 Operating Revenue 105,340 98,218 7.3% EBITDA 18,185 17,317 5.0% EBITA 16,537 16,159 2.3% EBITA Margin 15.7% 16.5% 1
Slide 23: Information Management
HY17 HEADLIN E HEADLIN Information Management E HEADLIN E Quarter ended: Sep-17 Sep-16 Increase $000 $000 Operating Revenue 38,379 35,937 6.8% EBITDA* 9,245 7,995 15.6% EBITA* 7,923 6,783 16.8% EBITA Margin* 20.6% 18.9% * Excluding non-recurring items 1
Slide 24: Outlook
HY17 HEADLIN Outlook E HEADLIN E HEADLIN E
Slide 25: Outlook
HY17 HEADLIN E HEADLIN Outlook E HEADLIN E • The markets in which Freightways operates in remain positive • Increased volume and activity evident in this trading update has provided a sound start to the 2018 financial year • Freightways continues to target year-on-year earnings growth • Express Pack
Slide 26: Dean Bracewell
HY17 HEADLIN E HEADLIN Dean Bracewell E HEADLIN E
Slide 27: Achievements since listing in 2003
HY17 HEADLIN E HEADLIN Achievements since listing in 2003 E HEADLIN E • Compound Annual Growth Rate (CAGR): 15% p.a. • Total Shareholder Return (TSR): >600% Share Price Market Capitalisation Assets $7.60 $1.2B $0.5B $0.2B $1.60 $0.2B 2003 2017 2003 2017 2003 2017 1
Slide 28: Questions
KIA ORA, WELCOME Questions
Slide 29: Resolutions
HY17 HEADLIN E HEADLIN Resolutions E HEADLIN E • Re-election of Directors • Approval of Directors’ Fees • Authority to fix Auditor’s Remuneration 1
Slide 30: Annual Shareholders Meeting 2017
Annual Shareholders Meeting 2017