Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2024)
27 slides from Tabcorp's shareholder meeting presentation, Oct 23, 2024
Slide 1: Annual General Meeting addresses
ASX ANNOUNCEMENT 23 October 2024 ASX Market Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Annual General Meeting addresses For personal use only Attached are the addresses and an accompanying presentation to be delivered by Bruce Akhurst, Executive Chairman, and Gillo
Slide 2: Executive Chairman's Address
ASX ANNOUNCEMENT Tabcorp Holdings Limited ABN 66 063 780 709 Annual General Meeting (AGM) 23 October 2024 CHAIRMAN AND CEO AGM ADDRESSES For personal use only EXECUTIVE CHAIRMAN’S ADDRESS Tabcorp continued its transformation at pace in FY24. We were awarded the new exclusive Victorian Wagering and B
Slide 3: Financial performance and dividend
ASX ANNOUNCEMENT These decisions will ensure the Tabcorp of tomorrow is even stronger than the Tabcorp of today. Turning now to our financial performance for the year. Our overall financial results were impacted by a softer wagering market and trading environment due to continued inflationary pressu
Slide 4: New Victorian Wagering and Betting Licence
ASX ANNOUNCEMENT As I mentioned, in December we were successfully awarded the new exclusive 20 year Victorian Wagering and Betting Licence. This contemporary licence is a prototype for the future and better reflects the changed wagering ecosystem we operate in. It creates a level playing field in Vi
Slide 5: Digital and retail customer response
ASX ANNOUNCEMENT What’s most important is that customers are responding to our new offering. Our performance compared to that of our competitors highlights that customers are responding to our new TAB app, products and features. TAB has an unrivalled retail network which remains a core part of our b
Slide 6: Safer Gambling Strategy and remuneration
ASX ANNOUNCEMENT During the year we launched our new Safer Gambling Strategy underpinned by our Player Safety Promise. Our new strategy aims to elevate safer gambling within our organisation and ensure that caring for our customers is at the heart of everything we do, always. Delivering on our Safer
Slide 7: Chairman handover and achievements
ASX ANNOUNCEMENT The Company will continue its relentless focus on cost efficiency and growth to unlock the value we know lies within this great Australian company. As you know, today is my final address as your Chairman. At the conclusion of Today’s meeting I will hand over the Chairmanship to Bret
Slide 8: Managing Director and CEO Elect address
ASX ANNOUNCEMENT Together Brett and Gill will be a great team and I am incredibly optimistic about the future of Tabcorp. Finally, I would like to thank our shareholders for your interest and support over the years. I look forward to joining you in the audience next year, as a shareholder and celebr
Slide 9: People, capability and execution
ASX ANNOUNCEMENT Teams are more productive when they are together. This is about working and winning together. We’ve already started winning. On Saturday, we won our own race when Bella Nipotina – the horse our racing, trading and form experts chose to represent TAB - won the TAB Everest. It was mor
Slide 10: NSW review, national tote and assets
ASX ANNOUNCEMENT The NSW Review process is underway and I’m personally participating in this process as we seek to deliver a level playing field in which we can compete more evenly. This is very important. The Tote remains an incredibly valuable offering for TAB. I support a national tote. A nationa
Slide 11: Customer care, regulators and strategy
ASX ANNOUNCEMENT That is why we are committed to being a leader in customer and community care. We want to offer the complete entertainment experience for our customers, but it needs to be done in a safe way for individuals and the community. I’m also committed to maintaining an open, honest and tra
Slide 12: Tabcorp AGM October 2024
TABCORP AGM For personal use only 23 OCTOBER 2024 ABN 66 063 780 709
Slide 13: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY For personal use only Tabcorp acknowledges the Gadigal People of the Eora nation, the traditional custodians of the land on which we meet today, and we pay our respects to their Elders past and present. We also acknowledge the traditional custodians of the land on which ea
Slide 14: Board of Directors
BOARD OF DIRECTORS For personal use only Bruce Akhurst Gillon McLachlan Raelene Murphy Brett Chenoweth Executive Chairman Managing Director and Chief Non-Executive Director Non-Executive Director Executive Officer Elect David Gallop Janette Kendall Justin Milne Karen Stocks Non-Executive Director No
Slide 15: How to vote
HOW TO VOTE For personal use only 1. Click “Get a Voting Card” button 2. Enter your Shareholder Number (SRN/HIN) or Proxy Number and click “Submit Details and Vote” 3. Select either “Full vote” or “Partial vote” 4. Complete your voting card 5. Click “Submit Vote” or “Submit Partial Vote” Tabcorp AGM
Slide 16: How to ask a question
HOW TO ASK A QUESTION For personal use only 1. Click “Ask a Question” button 2. Enter your Shareholder Number (SRN/HIN) or Proxy Number if you have not already registered 3. Select the item of business from the drop down menu 4. Type your question in the space provided 5. Click “Submit question” Tab
Slide 17: Executive Chairman's Address
For personal use only EXECUTIVE CHAIRMAN’S ADDRESS Tabcorp AGM 2024 | 6
Slide 18: FY24 Result Summary
FY24 RESULT SUMMARY1 For personal use only $m FY24 FY23 % Revenue Revenue 2,338.9 2,434.4 (3.9%) Opex2 (614.0) (577.4) (6.3%) $2,338.9m EBITDA 317.7 391.0 (18.7%) Full year dividends 1.3 CPS EBIT 97.4 150.5 (35.3%) NPAT before significant items3 28.0 84.3 (66.8%) partially franked Statutory NPAT (1,
Slide 19: Level the Playing Field
LEVEL THE PLAYING FIELD For personal use only VIC NSW NEW WAGERING AND GOVERNMENT BETTING LICENCE REVIEW Exclusive 20-year licence Review of wagering tax regime and commenced 16 August 2024 industry funding model commenced New modernised licence terms Tabcorp actively participating in review process
Slide 20: Improving digital competitiveness and performance
IMPROVING DIGITAL COMPETITIVENESS AND PERFORMANCE For personal use only FIRST TO MARKET TAB INCREASED SPEED TO MARKET AND CLOSED GAPS AFL Miss By One TO COMPETITORS Market Drifters Popular Exotics Popular Multis 22 TAB APP RELEASES Faster Vision Sat 20 Jul SINCE SEPTEMBER 2022 Bench Status AFL SGM T
Slide 21: Retail rejuvenation
RETAIL REJUVENATION For personal use only STRONG RETAIL NEXT GEN RETAIL NEXT GEN PERFORMANCE PERFORMANCE UPGRADES TO 30 JUNE 20241 Cash wagering revenue +0.4% in FY24, 31 venues upgraded in FY24 Turnover +19% +5.3% in 2H24, outperforming the digital market Occurred across QLD, VIC and NSW Digital in
Slide 22: High quality integrity services
HIGH QUALITY INTEGRITY SERVICES For personal use only Focused, high quality integrity services business with attractive economics Pivot to integrity services complete with sale of Max Performance Solutions and commencement of new Tasmanian monitoring licence Strong reputation with governments and re
Slide 23: Player safety
PLAYER SAFETY For personal use only Launch of new Safer Gambling Strategy and refreshed Player Safety Promise, where caring for our customers is at the heart of everything we do Proactive engagement with regulators on player safety initiatives and improvement programs Actively implementing our Playe
Slide 24: Executive Chairman's Address: Concluding Remarks
CLICK TO EDIT MASTER TITLE STYLE EXECUTIVE For personal use only header CHAIRMAN’S Content Text ADDRESS: • Bullet • Sub-bullet CONCLUDING REMARKS Tabcorp AGM 2024 | 13
Slide 25: MD & CEO Elect's Address
For personal use only MD & CEO ELECT’S ADDRESS Tabcorp AGM 2024 | 14
Slide 26: Closing Remarks
CLICK TO EDIT MASTER TITLE STYLE For personal use only header Content Text CLOSING • Bullet • Sub-bullet REMARKS Tabcorp AGM 2024 | 15
Slide 27: Disclaimer
DISCLAIMER For personal use only This Presentation contains summary information about the current Any forecasts or other forward looking statements contained in this This Presentation does not constitute an offer to sell, or the solicitation of an activities of Tabcorp Holdings Limited (Tabcorp) and
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