Tabcorp Holdings Limited · ASX:TAH

Tabcorp — Shareholder Meeting (November 2004)

31 slides from Tabcorp's shareholder meeting presentation, Nov 29, 2004

  1. Slide 1: Tabcorp the bigger better game

  2. Slide 2: 2004 Annual General Meeting

    2004 Annual General I Meeting | 29 November 2004

  3. Slide 3: Share price growth

    Share price growth 800 741 Tabcorp share performance (rebased) 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 e==e Tabcorp =A! Odinaries Index ©&& Tabcorp - ‘ : : * AGM 2004

  4. Slide 4: Shareholder returns

    Shareholder returns * * ex % $16,000 - $14,537 $14,000 $12,000 $10,000 $8,000 4 $6,000 $4,000 + $2,854 $2,000 + Tabcorp accumulated returns ($1,000 initial investment) $0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 e=ee Tabcorp accumulated returns for Institutions =——_=A\| Ordinaries accu

  5. Slide 5: Increasing enterprise value

    Increasing enterprise value 145 10 4 Enterprise value ($bn) 1994 1999 2002 2004 Now {post Star City) (pre Jupiters) (pre Tab) ©&& Tabcorp - “ ‘ : : * + AGM 2004

  6. Slide 6: Increasing geographic diversity

    Increasing geographic diversity EBITA geographic mix — 1999 EBITA geographic mix (incl. Tab) — 2004’ QLD 21% Victoria 37% oo NSW Victoria 42% 100% Notes: 1. 2004 EBITA based on pro forma figures which inciude a contribution from Jupiters for 12 months ended 30 June 2004 and includes the Wagering and

  7. Slide 7: Increasing business diversity

    Increasing business diversity EBITA business mix — 1999 EBITA business mix (incl. Tab) — 2004' Wagering Media Wagering 5% 0, 20% 28% Casinos Gaming 41% Notes: 1. 2004 EBITA based on pro forma figures which inciude a contribution from Jupiters for 12 months ended 30 June 2004 and includes the Wagerin

  8. Slide 8: Mission and vision statement

    Mission and vision statement > Being Australia’s premier gambling and entertainment group means = Providing superior returns to shareholders = Being a great place to work « Being recognised by our customers as offering the best gambling and entertainment experience = Being respected as a responsible

  9. Slide 9: Supporting the community

    Supporting the community * * x ©&& Tabcorp - : + AGM 2004

  10. Slide 10: Benefits to shareholders

    Benefits to shareholders * aos * * * >» Shareholder benefits scheme > Dividend reinvestment plan >» Share sale facility > Company website ©&& Tabcorp - + , ‘ : : * + AGM 2004

  11. Slide 11: Slide 11

  12. Slide 12: Australia's premier gambling and entertainment group

    Australia’s premier gambling and entertainment group : a ing tab sp®rtsbet CONRAD tT RY upiters | { Townayingr TAB ©&* Tabcorp x x x Casinos » Four properties in two states = 404 tables s 4532 EGMs » 1,399 hotel rooms >» Around 50,000 visitors per day Gaming > 13,618 EGMs > 270 venues > 1.14 million

  13. Slide 13: Key features

    Key features * * * > Net profit after tax (before goodwill and non recurring items) $364.8 million, up 29.8% >» Earnings per share (before goodwill and non recurring items) increased 19.2% to 91.1 cents > EBITA growth across all divisions >» Earnings before interest, taxation and goodwill amortisati

  14. Slide 14: Casinos — Key features

    Casinos — Key features * * as * >» EBITA (ex non-recurring items) of $332.1m up 81.4% > Net operating revenue $1.07b, up 68.7% (up 7.1% ona pro forma basis) >» At theoretical win rates, net operating revenue increased 3.3% on a pro forma basis > Normalised EBITA margins increased from 26.3% to 28.7%

  15. Slide 15: Casinos Division

    Casinos Division * * se CONRAD TREASURY AGM 2004

  16. Slide 16: New Gold Coast Convention and Exhibition Centre

    New Gold Coast Convention and Exhibition Centre Si ‘vin convention and exhibition centre * * * AGM 2004

  17. Slide 17: Key features — Gaming

    Key features — Gaming * * * * >» EBITA (excluding non-recurring items) up 3.3% to $220.0m > Net operating revenue $866.9m, in line with prior year on a pro forma basis > Victorian gaming down 0.2%, however up 5.6% in 2H > Queensland monitoring up 6.5% > EBITA margin (excluding non-recurring items) u

  18. Slide 18: Gaming Division

    Gaming Division * ‘Behe aah eT oa TABARET. ©& Tabcorp AGM 2004

  19. Slide 19: Wagering and Network Games — Key features

    Wagering and Network Games — Key features > EBITA (excluding non recurring items) of $94.0 million, up 37.3% > Net operating revenue increased 21.8% to $519.9 million > Rugby World Cup, Euro 2004 soccer tournament and AFL betting drove 31.0% increase in sportsbetting revenue >» Racing revenue up 4.2

  20. Slide 20: Sportsbet revenue and drivers of growth

    ney ae Wagering and Memorn pales Sportsbet revenue Drivers of growth $000s > CAGR of 22.0% for the period 14,000 7 2000 to 2004 >» Product expanded throughout 12,000 + network > Expansion of Customer 10.000 5 Information Terminals provides World Cup Soccer more detailed product and 8,000 H ' odds in

  21. Slide 21: Key features — Wagering and Network Games

    Key features — Wagering and Network Games Breakdown of account sales Lower cost distribution 400% > Self services share of ia Lo . 0 cow | : a transactions 53.7% 20% | compared to 45.7% in the prior year 70% 4 > 77.4% increase in number of internet bets processed > Marketing campaign promoting self

  22. Slide 22: Wagering and Network Games

    Wagering and Network Games SL HONE aT ous iil icin (it ©& Tabcorp AGM 2004

  23. Slide 23: Tab Limited - Summary financial results

    Tab Limited - Summary financial results 12 months to 12 months to $m 30 June 2003 30 June 2004 Change Net operating revenue’ Wagering 785.9 825.6 5.1% Media 100.1 101.9 1.8% Gaming 41.9 52.7 25.8% EBITA' Wagering 117.8 128.4 9.0% Media 38.7 40.9 5.7% Gaming (7.2) (6.5) 9.7% Net profit after tax Pre

  24. Slide 24: Media Division

    Media Division ©& Tabcorp AGM 2004

  25. Slide 25: Integration

    Integration * e > Jupiters # |mplementation of integration strategies ahead of target » Current estimate of synergies/efficiencies * 2004 $12.5m * 2005 $26.6m * 2006 $27.9m » Management control taken of Gold Coast and Treasury casinos on 17 November. Operational review expected to be completed early

  26. Slide 26: Responsible Gambling

    Responsible Gambling ent Approach Control consumer behaviour aa > Informed consumer choice Caps, set spend limits, speed of play, “licence to play” Aim to reduce “excessive” expenditure by controlling the behaviour of all players AGM 2004

  27. Slide 27: Victorian Licences

    Victorian Licences The Victorian Government has announced that it will: >» Review the lotteries licence from July 2004 with the decision on future industry structure to be determined in early 2005. Licence(s) will be awarded during 2005. >» Commence the review of gaming and wagering licences in late

  28. Slide 28: Revenue performance to October 2004

    Revenue performance to 31 October 2004 Pro Forma Net Revenue ($m)! Total 1,176.1 1,255.0 31.4 Media? Casinos (at theo)° Gaming & Network Games* Wagering® 2004 2005 Notes: 1, Assumes a full contribution from aii Jupiters and Tab Limited business in the current and prior periods 2. Excluding intercomp

  29. Slide 29: Focus for FY2005

    Focus for FY2005 * >» Continuing track record of consistent, solid earnings growth >» Continue to maximise synergies/efficiencies through the integration of Jupiters and Tab >» Developing growth and efficiency opportunities across media operations >» Cultural integration and investing in our people

  30. Slide 30: Tabcorp brands

    tab sp@rtsbet _dupiters 7 rownsyrtag &« Tabcorp the bigger better gare TE, quale: convention and exhibition centre TAB ©&* Tabcorp - ‘ : : * AGM 2004

  31. Slide 31: Slide 31

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