Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2015)
21 slides from Tabcorp's shareholder meeting presentation, Oct 29, 2015
Slide 1: 2015 Annual General Meeting
For personal use only 2015 Annual General Meeting
Slide 2: Chairman's address
For personal use only Chairman’s address
Slide 3: Tabcorp is a leading Australian gambling entertainment company
Tabcorp is a leading Australian gambling entertainment company For personal use only An ASX Top 100 company • Diversified across Wagering and Media, Gaming Services and Keno • Holding long-term licences in Australia’s most attractive markets • A portfolio of iconic Australian brands, with market-lea
Slide 4: 2015 financial year performance
2015 financial year performance For personal use only A successful year for Tabcorp • Statutory Net Profit After Tax (NPAT) $334.5 million, up 157.5% • NPAT from continuing operations before significant items $171.3 million, up 14.7% • Full year dividends of 20 cents per share, fully franked • Speci
Slide 5: Returns to racing and the community
Returns to racing and the community For personal use only Tabcorp’s operations create significant value for our stakeholders • Returns to the racing industry $773 million, up 5.2% • Gambling taxes $460 million, up 4.6% 5
Slide 6: Strategic Achievements in FY15
Strategic Achievements in FY15 For personal use only Tabcorp made progress in advancing its strategic agenda • ACTTAB successfully integrated into Tabcorp’s operations • NSW and Victorian thoroughbred media rights arrangements finalised • TGS’ NSW presence expanded • Keno transformed, with new brand
Slide 7: Wagering industry regulation
Wagering industry regulation For personal use only A well-regulated wagering industry is in everyone’s interests • The Federal Government has announced a review into illegal offshore wagering • Wagering laws and regulations need to be modernised and upheld • The current regulatory framework is inade
Slide 8: Wagering industry regulation
Wagering industry regulation For personal use only Tabcorp’s areas of focus for a modernised Australian wagering industry • Wagering operators should be licensed in Australia to take bets from Australian residents • The NT-licensed corporate bookmakers should pay a fair amount of wagering tax • The
Slide 9: Legal proceedings
Legal proceedings For personal use only • AUSTRAC Statement of Claim – Defence filed in accordance with the court timetable – Committed to achieving the highest standards of regulatory compliance – Well advanced on a program of works that seeks to deliver compliance systems and processes that are be
Slide 10: Conclusion
Conclusion For personal use only Tabcorp entered FY16 a stronger company • Tabcorp is well placed to deliver profitable growth and attractive shareholder returns into the future • We are focused on investing in the customer experience – Giving customers the best products, services and channels – Fur
Slide 11: Managing Director and CEO's address
For personal use only Managing Director and CEO’s address
Slide 12: 2015 in review
2015 in review For personal use only FY15 was a successful year for Tabcorp • Statutory Net Profit After Tax (NPAT) $334.5 million, up 157.5% • NPAT from continuing operations before significant items $171.3 million, up 14.7% • Revenue $2,155.5 million up 5.7% • Increased returns to shareholders 12
Slide 13: Wagering and Media
Wagering and Media For personal use only A strong Wagering & Media performance underpinned FY15 • FY15 EBITDA $375.8 million, up 7.2% • FY15 product and channel highlights – Total TAB racing revenue up 5.1% – TAB Sports revenue up 16.2% – Media revenue up 6.2% – Digital turnover up 17.8% • Positive
Slide 14: Gaming Services
Gaming Services For personal use only Tabcorp Gaming Solutions is evolving into a growing and important business • FY15 EBITDA $67.6 million, up 0.9% • Expanded in Victoria and NSW • 84% of Victorian base contracted through to 2022 (up from 75% in FY14) 14
Slide 15: Keno
Keno For personal use only The transformation of the brand and customer experience is giving Keno new energy • FY15 EBITDA $66.4 million, down 8.0% • Investments made in the Keno brand, product and digital capability • Recent re-launch of the brand is gaining traction 15
Slide 16: Capital position
Capital position For personal use only Tabcorp continues to have a well diversified debt-structure $m Bank facilities 500 Tabcorp Subordinated notes 400 US Private Placement 300 200 400 400 400 150 250 100 127 84 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 • Refinanced $400m facility, extending maturity pr
Slide 17: Tabcorp in the community
Tabcorp in the community For personal use only We seek to connect with the community • Tabcare program continued in 2015 – Partnering with Conservation Volunteers, FareShare, OzHarvest and The Pyjama Foundation • A new three-year partnership with National Jockeys Trust 17
Slide 18: We are focused on making Tabcorp a great place to work
We are focused on making Tabcorp a great place to work For personal use only We are building a culture that values diversity and inclusion • Achieved 2015 target of at least 33% females in senior management roles – Re-set target to 40% by 2018 • Ensured a strong health and safety culture • Improved
Slide 19: 1Q16 Revenue
1Q16 Revenue For personal use only Revenue 1Q16 ($m) 1Q15 ($m) Change on pcp Wagering & Media 461.3 458.0 0.7% Gaming Services 26.4 25.1 5.2% Keno 55.8 54.3 2.8% Group 543.5 537.4 1.1% Note: Refer to separate ASX release issued 29 October 2015. 19
Slide 20: FY16 Priorities
FY16 Priorities For personal use only Tabcorp has a clear set of priorities in FY16 • Wagering & Media: Further integration of retail, digital and media assets; product innovation • Gaming Services: Improving existing venue performance and further expansion • Keno: Progress brand and product transfo
Slide 21: For personal use only
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