Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2013)
24 slides from Tabcorp's shareholder meeting presentation, Oct 31, 2013
Slide 1: 2013 Annual General Meeting
For personal use only 2013 Annual General Meeting
Slide 2: Chairman's Address
For personal use only Chairman’s Address
Slide 3: Introduction
For personal use only Introduction • 2013 in review • A leading Australian gambling entertainment company • Investment priorities and industry matters • Positioning Tabcorp for the future
Slide 4: 2013 in Review
For personal use only 2013 in Review Industry transition, licence extensions and investments position Tabcorp well for the future • Tabcorp entered into Victoria’s new gambling industry structure in August 2012 – Exited Tabaret business following expiry of licence – Launched Tabcorp Gaming Solutions
Slide 5: 2013 Financial Results
For personal use only 2013 Financial Results Strong revenue and EBITDA growth, while managing significant change • Statutory NPAT $126.6 million • Total revenues from continuing operations $2,003.2 million • EBITDA from continuing operations $463.9 million • Dividends totaling 19 cents per share for
Slide 6: Market Leadership
For personal use only Market Leadership A market leader in Australia and internationally respected • TAB is the most trusted brand in Australian wagering • Tabcorp has grown total wagering revenue every year since 2008 • Tabcorp has strengthened its market leading position overall and in the competi
Slide 7: Investments to Strengthen Tabcorp's Market Leadership
For personal use only Investments to Strengthen Tabcorp’s Market Leadership TAB Rewards loyalty program launched in Victoria New digital wagering ‘Legendary Moments’ solutions campaign 7
Slide 8: Melbourne Cup Day
For personal use only Melbourne Cup Day A showcase of Tabcorp’s leadership in global wagering • 74% of Victorian and NSW punters who bet on the Cup, bet with TAB • More than $92 million bet on Melbourne Cup race alone with TAB in 2012 • Up to 2,000 transactions will be processed per second at peak t
Slide 9: Responsible Gambling Leadership
For personal use only Responsible Gambling Leadership Being a responsible operator is core to our business • Tabcorp rated overall global gambling industry leader in the 2013 Dow Jones Sustainability Index annual review • 100% rating in the ‘Promoting Responsible Gaming’ category; seventh year runni
Slide 10: Tabcorp in the Community
For personal use only Tabcorp in the Community Tabcorp is a proud and active contributor to its local communities • Our ‘Tabcare’ community engagement program entered its second year – Partnerships with FareShare, Conservation Volunteers, Pyjama Foundation and Westpac Life Saver Rescue Helicopter Se
Slide 11: National Approach to Wagering Regulation
For personal use only National Approach to Wagering Regulation A consistent approach to Wagering regulation is in the public interest • Tabcorp supports a national approach to Wagering regulation • Australia’s wagering industry has inconsistent credit betting policies, tax rates and product fees • T
Slide 12: Victorian Supreme Court Proceedings
For personal use only Victorian Supreme Court Proceedings • Entitlement to payment from the State of Victoria – hearing 3 February 2014 • Health Benefit Levy – hearing of State’s appeal 20 February 2014 12
Slide 13: The Future
For personal use only The Future Tabcorp is well positioned for the future • Tabcorp enters its 20th year in 2014 as an integrated gambling entertainment business – Strong trusted brands – Geographically diversified – Long-dated licences – Unique multi-channel, multi-product distribution model • Foc
Slide 14: Managing Director and CEO's Address
For personal use only Managing Director and CEO’s Address
Slide 15: Introduction
For personal use only Introduction Tabcorp has strengthened its position as a leading Australian gambling entertainment company • Successfully managed significant change and substantially de-risked the business • Implemented initiatives to further strengthen Tabcorp’s competitive position • Positive
Slide 16: Wagering
For personal use only Wagering Unique multi-channel model a key competitive advantage • Total FY13 revenues up 5.9% on pcp – Reported result down 4.8% on pcp, reflecting the new 50:50 Joint Venture with the Victorian Racing Industry • Product highlights – Totalizator revenues up for the first time i
Slide 17: Media and International
For personal use only Media and International Bringing Australian racing to millions of fans to support wagering and industry returns • FY13 revenues $207.6 million, up 9.1% on pcp – Returns to racing industry up 22.5% on pcp • Expanded export of Australian racing to 51 countries • Focus on renewing
Slide 18: Gaming Services
For personal use only Gaming Services A full-service provider of gaming services to licensed venues • FY13 EBITDA $58.3 million • Commenced operations 16 August 2012 • Contracts cover approximately 8,500 gaming machines in Victoria • Next phase of Diamond Rewards loyalty program being rolled out in
Slide 19: Keno
For personal use only Keno Keno gives Tabcorp a strategic presence in lotteries on the eastern seaboard • FY13 revenues $205.4 million, up 12.2% on pcp • Keno is enjoyed in 3,650 venues in NSW, Queensland and Victoria • 25-year extension to Queensland Keno licence • Keno Vic impairment $18.6 million
Slide 20: Maintain strong balance sheet
For personal use only Maintain strong balance sheet $m 600 • Well diversified debt structure 500 • Investment grade credit rating 400 • Refinancing underway with bank 300 284 facility extended. Focus on May 2014 bond maturities 200 400 400 400 250 100 150 127 84 0 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Slide 21: 1Q14 Trading Update
For personal use only 1Q14 Trading Update Revenue growth shows the resilience of our businesses in tough trading conditions • Group revenues $503.9 million, up 3.1% on the pcp – Wagering revenues $385.0 million, up 0.1% • Total Wagering revenue growth of 5.4% – Media and International revenues $54.5
Slide 22: Tabcorp's People
For personal use only Tabcorp’s People 22
Slide 23: Conclusion
For personal use only Conclusion Tabcorp is focused on the future and driving strong business performance • Tabcorp has a clearer horizon, with a strengthened competitive position • Our 2014 priorities are clear – Lead the transformation of the Wagering industry – Enhance co-mingling opportunities a
Slide 24: For personal use only
Luxbet csi \eee9 TGS @ RACING
Tabcorp Holdings — Shareholder Meeting (October 2013) on 6ix