Lottery Corporation Limited · ASX:TLC
Lottery — The Lottery — Shareholder Meeting (October 2023)
33 slides from Lottery's shareholder meeting presentation, Oct 19, 2023
Slide 1: ASX Market Announcements Office: AGM Addresses and Presentation
19 October 2023 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 ANNUAL GENERAL MEETING ADDRESSES AND PRESENTATION Attached are the addresses and an accompanying presentation to be delivered by Steven Gregg, Chairman, and Sue van der Merwe, Managing Director and Chief Exe
Slide 2: Chairman's Address: Introduction and Group Results
The Lottery Corporation Limited ABN 21 081 925 706 Annual General Meeting (AGM) 19 October 2023 CHAIRMAN AND CEO AGM ADDRESSES CHAIRMAN’S ADDRESS Introduction On behalf of the Board of Directors, I am pleased to provide my account of the 2022/23 financial year - our first, full year as a standalone
Slide 3: Chairman's Address: Demerger comparables and governance
As shareholders will recall, our business demerged from Tabcorp towards the end of FY22. This comparable information is provided to enhance comparability between FY23 and FY22, and to provide more insight into the business’ underlying performance. The comparable results are stated before significant
Slide 4: Board appointments and re-elections
In October 2022 Megan Quinn, John O’Sullivan and Doug McTaggart formally joined the Board as Non-executive Directors and were elected by shareholders at last year’s Annual General Meeting. Following their appointment, the Board took the opportunity to review and reconstitute the Company’s Board Comm
Slide 5: Sustainability
Sustainability In FY23 the Board approved The Lottery Corporation’s sustainability strategy – a strategy that sets out how we intend to drive positive change as we pursue our vision to be the world’s best lottery operator. The strategy is supported by four principles: Supporting our Community; Opera
Slide 6: Chairman's retirement and Westpac appointment
This is something we’re continuing to do because of the important role of traditional lotteries across Australia. We thank you for your ongoing support. Before I pass to Sue to deliver her address, I would like to spend a minute addressing my own situation, particularly as it relates to TLC, and in
Slide 7: Managing Director and CEO's Address
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER’S ADDRESS Thank you Steven, and good morning shareholders. I am pleased to be here in Sydney. Introduction Lotteries have a rich history in community funding in NSW, as they do across Australia. Indeed, helping fund the construction of the world-famous S
Slide 8: Lotteries
Lotteries Looking firstly at Lotteries in more detail. We have a well-balanced portfolio of games that Australians love and sold more than 639 million lotteries entries in the year. Three of our game brands – Powerball, Oz Lotto and Saturday Lotto - are in the top 40 most valuable brands in Australi
Slide 9: Retail turnover and initiatives
Retail turnover was down 2.7% on the prior year — a solid result considering overall Division 1 prize money, which drives store traffic, was down materially. I’m pleased to tell you about a world leading initiative that we launched in the year that breaks new ground for lotteries. Store Syndicates O
Slide 10: Online gambling inquiry and community benefits
In April 2023, we appeared before a House of Representatives Committee inquiry into online gambling harm, alongside our partners from the Australian Lottery and Newsagents Association. Our position centred around the widely accepted evidence that, unlike other forms of gambling, traditional lotterie
Slide 11: FY24 outlook and investment agenda
I’d also like to record our thanks to the many people and organisations that we work with to add excitement to Australians’ lives through our games. This includes our retailers, governments and regulators, and our many community and business partners. FY24 We embarked on FY24 with a continued focus
Slide 12: Conclusion
Conclusion In closing, we want to thank you, our shareholders, for your support throughout our first full year. In FY23 The Lottery Corporation created 270 millionaires, paid more than $5 billion in prizemoney and sold more than 196 million winning tickets. We look forward to creating more winning m
Slide 13: 2023 Annual General Meeting
20235 Annual General Meeting
Slide 14: Acknowledgement of Country
Acknowledgement of Country The Lottery Corporation would like to acknowledge the Traditional Custodians and First Peoples of Australia. We acknowledge that our offices, retail outlets and venues operate on these lands. As our nation and organisation continues our journey towards reconciliation, it i
Slide 15: Chairman's Address
Chairman’s Address Annual General Meeting 2023
Slide 16: A world-class lotteries business
A world-class lotteries business 7
Slide 17: FY23 - A successful first year
FY23 - A successful first year Delivering value to our shareholders and laying the foundations for a bright future Notes: (i) “Non-IFRS” information and unaudited. 8 (ii) Total ordinary dividends comprised of an interim dividend of 8.0 cps and a final dividend of 6.0 cps for FY23. Excludes special d
Slide 18: A track record of sustainable growth and resilience
A track record of sustainable growth and resilience Australian Turnover – Lotteries and Keno Industry (A$bn)(i)(ii) Global Financial Crisis COVID-19 +7.5% p.a. 9.3 9.4 8.6 FY18 v FY23 CAGR +3.7% Lotteries +8.0% 7.8 7.7 p.a. Keno +5.1% 6.4 6.6 6.6 6.2 6.3 6.0 6.0 5.7 5.7 FY03 v FY23 CAGR 5.3 5.4 4.9
Slide 19: The Lottery Corporation Board of Directors
The Lottery Corporation Board of Directors 10
Slide 20: Our sustainability roadmap
Our sustainability roadmap aims to help realise our purpose of creating positive impacts Operating our business and Supporting our products community responsibly Contributing to the communities in which we operate Helping our customers to have fun playing our games but always responsibly Nurturing o
Slide 21: Chairman's Address Conclusion
Chairman’s Address Conclusion The Lottery Corporation is delivering against a proven plan that has driven long-term growth 12
Slide 22: MD & CEO's Address
MD & CEO’s Address Annual General Meeting 2023
Slide 23: 50 year anniversary of the Sydney Opera House
50 year anniversary of the world-famous Sydney Opera House Construction largely funded by Sydney Opera House Lottery 14
Slide 24: A successful first year: the key numbers in FY23
A successful first year: the key numbers in FY23 132k Active registered 1.3% 4.2% 0.2% 14.0 cps Ordinary dividend, Group Turnover Group EBITDA (before Lotteries customers; significant items) fully franked(iii) now 4.2 million in total - on a comparable (total active customers basis(i)(ii) 9.7 millio
Slide 25: Lotteries
Lotteries Revenue EBIT $3,232.6 million $539 million 0.7% 1.0% DRIVERS OF THE RESULT • Powerball® – active management of jackpot sequences; record $160m jackpot • Oz Lotto® – a 1 in 20-year unfavourable jackpot run • Base games turnover up, evidencing the resilience of the portfolio • 132k new activ
Slide 26: Key Lotteries initiatives delivered in FY23
Key Lotteries initiatives delivered in FY23 Launch of Store Syndicates online Commission increase for Lotteries retailers Digital innovation Active jackpot sequence management Powerball lottery price increase 17
Slide 27: Keno
Keno Revenue EBIT $280 million $76 million 11.1%(i) 25.4%(i) DRIVERS OF THE RESULT • Return to unrestricted trade and pre-COVID customer purchasing behaviours drove revenue growth • Successfully transitioned players back to pre-COVID rituals with strong marketing campaign support • Increased footfal
Slide 28: The Lottery Corporation creates positive impacts across Australia
The Lottery Corporation creates positive impacts across Australia For more than For State and For our charity 7200 businesses Territory partners across Australia Governments $604m in $1.7 billion in commissions Lotteries and Keno (FY23) taxes (FY23) 19
Slide 29: Committed to creating a great place to work
The Lottery Corporation is committed to creating a great place to work 20
Slide 30: A bright future: FY24 focus areas and priorities
A bright future: FY24 focus areas and priorities Supercharging the Delivering our games customer experience safely and with integrity Digitally-enabled, customer experience-led • Continued commitment to high • Major refresh of Mon & Wed Lotto, standards of customer care, including possible extension
Slide 31: MD & CEO's Address Conclusion
MD & CEO’s Address Conclusion A successful first year • Continued earnings growth(i) • Successfully established The Lottery Corporation as a top ASX50 entity • Creating value for all stakeholders Delivering world-class customer-centred initiatives • Continued performance momentum • Maximising the va
Slide 32: Disclaimer
® Disclaimer This presentation (Presentation) contains summary information about the current activities of The Lottery Corporation Limited (The Lottery Corporation) and its subsidiaries. It should be read in conjunction with The Lottery Corporation’s other periodic and continuous disclosure announce
Slide 33: ottery *
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