Tabcorp Holdings Limited · ASX:TAH

Tabcorp — Shareholder Meeting (October 2011)

23 slides from Tabcorp's shareholder meeting presentation, Oct 26, 2011

  1. Slide 1: Tabcorp Holdings Limited 2011 Annual General Meeting

    For personal use only Tabcorp Holdings Limited 2011 Annual General Meeting 26 October 2011

  2. Slide 2: Chairman, Paula Dwyer

    For personal use only Tabcorp Holdings Limited 2011 Annual General Meeting Paula Dwyer Chairman 26 October 2011

  3. Slide 3: Agenda

    Agenda For personal use only ¾ Chairman’s address ƒ A transformational year ƒ Financial highlights and dividend ƒ Investments ƒ Industry and community contributions ƒ Responsible gambling leadership ƒ Board update ƒ Conclusion ¾ Managing Director and Chief Executive Officer’s address ¾ Items of busi

  4. Slide 4: A transformational year

    A transformational year For personal use only Demerger of Echo New Victorian Keno Licence Entertainment Group (Apr 2012) Fixed Odds Racing New Victorian Wagering and in NSW retail Betting Licence (Aug 2012) Trackside in NSW retail New Tabcorp Gaming Solutions (Aug 2012) 4

  5. Slide 5: 2011 review

    2011 review For personal use only ¾ Reported NPAT $534.8m, up 13.9% ƒ Tabcorp EBIT $562.5m, up 5.2% ƒ Casinos EBIT $347.2m, up 33.6% ¾ Normalised NPAT $486.3m, up 1.9% ¾ Normalised EPS 73.4 cents, down 6.4% following capital raising ¾ Dividend 43 cents, fully franked ƒ Payout ratio 60% of normalised

  6. Slide 6: 2011 review continued

    2011 review continued For personal use only ¾ Tabcorp continuing businesses ƒ EBIT up 5.2% ƒ Revenues up 2.9% ƒ Expenses up 2.0% ¾ Balance sheet strong with Gross Debt/EBITDA1 at 1.4x ¾ Dividend reinvestment plan ƒ FY11 final dividend - 50.2% participation, reflecting a 2.5% discount and supported b

  7. Slide 7: Investments

    Investments For personal use only • New Victorian Wagering and Betting licence • Venue refurbishments Wagering • Self service terminals • Trackside NSW • New online platform • TGS - over 7,500 Electronic Gaming Machine sign Gaming ups Keno • New Victorian Keno licence EBITDA more than $200m in FY14

  8. Slide 8: Contributions to industry and community

    Contributions to industry and community For personal use only ¾ Income generated for racing industry exceeds $600m ƒ $322m for Victoria ƒ $236m for New South Wales ƒ $49m broadcast rights and international commissions ƒ $35m race fields fees ¾ Gambling taxes $1.12b ¾ State community benefit funds $7

  9. Slide 9: Contributions to community

    Contributions to community For personal use only Photo courtesy of News Ltd 9

  10. Slide 10: Responsible gambling

    Responsible gambling For personal use only ¾ Tabcorp rated as overall global gambling industry leader in the 2011 Dow Jones Sustainability Indexes annual review ¾ 100% rating in the “Promoting Responsible Gaming” category ¾ Tabcorp is committed to delivering its products responsibly 10

  11. Slide 11: Our brands

    Our brands For personal use only Wagering Media & International Gaming Keno 11

  12. Slide 12: Managing Director and CEO, David Attenborough

    For personal use only Tabcorp Holdings Limited 2011 Annual General Meeting David Attenborough Managing Director and Chief Executive Officer 26 October 2011

  13. Slide 13: Agenda

    Agenda For personal use only ¾ 2011 financial results ¾ Wagering ¾ Media and International ¾ Gaming ¾ Keno ¾ Trading update ¾ Our partners and our people ¾ The way forward 13

  14. Slide 14: 2011 financial results – continuing businesses

    2011 financial results – continuing businesses For personal use only Revenues $2,941.9m 2.9% Variable contribution $1,079.9m 4.4% Expenses $393.1m 2.0% EBITDA $686.8m 5.8% D&A $124.3m 8.5% EBIT $562.5m 5.2% 14

  15. Slide 15: 2011 Wagering highlights

    2011 Wagering highlights For personal use only Revenues $1,569.1m 1.0% Expenses $263.5m 0.0% EBITDA $287.5m 4.8% EBIT $220.2m 4.5% Market share (est) 43.3% 0.2% 15

  16. Slide 16: Victorian Wagering and Betting Licence

    Victorian Wagering and Betting Licence For personal use only ¾ Sole retail licence ¾ 50/50 joint venture with Victorian Racing Industry (previously 75/25) ¾ Minimum performance obligation: Overview ƒ FY13 $337m and FY14 $342m ƒ $1bn in aggregate for FY13 through FY15 ¾ Discussions in respect of the

  17. Slide 17: Spring Racing Carnival

    Spring Racing Carnival For personal use only 17

  18. Slide 18: 2011 Media and International highlights

    2011 Media and International highlights For personal use only Revenues $179.3m 9.3% Expenses $108.4m 9.1% EBITDA $59.8m 6.0% EBIT $52.8m 2.7% 18

  19. Slide 19: 2011 Gaming highlights

    2011 Gaming highlights For personal use only Revenues $1,077.4m 3.9% Casinos Expenses $36.7m (6.3%) EBITDA $279.6m 6.7% EBIT $241.4m 7.1% Market share 53.9% 1.0% 19

  20. Slide 20: 2011 Keno highlights

    2011 Keno highlights For personal use only Revenues $169.6m 7.9% Casinos Expenses $34.2m 4.9% EBITDA $60.6m 8.6% EBIT $48.8m 4.7% 20

  21. Slide 21: Update since June 2011

    Update since 30 June 2011 For personal use only ¾ First quarter FY2012 revenue growth v pcp 6.9% 4.7% 2.7% 2.0% 2.0% Group Wagering Media & Gaming Keno International ¾ Medium Term Notes due October 2011 repaid using 12 month bank facility whilst longer term funding options are being assessed 21

  22. Slide 22: For personal use only

    For personal use only 22

  23. Slide 23: For personal use only

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