NZX Limited · NZX:NZX
NZX — Zintel Communications — Shareholder Meeting (August 2006)
31 slides from NZX's shareholder meeting presentation, Aug 29, 2006
Slide 1: Annual General Meeting Tuesday 29th August 2006
ANNUAL GENERAL MEETING Tuesday 29th August 2006
Slide 2: Agenda
ANNUAL GENERAL MEETING Agenda Nick Gordon Welcome & Introductions Chairman’s Address CEO Briefing Resolutions General Business Q & As
Slide 3: Introductions
ANNUAL GENERAL MEETING Introductions Nick Gordon Paul Connell, Director Gavin Walker, Director Peter Halkett, Chief Executive Officer (CEO), Group Alf Wallis, Chief Financial Officer (CFO), Group Simon Casey, Chief Information Officer (CIO), Group Ellie Hayward, General Manager Human Res
Slide 4: Chairman's Address
ANNUAL GENERAL MEETING Chairman’s Address Nick Gordon
Slide 5: CEO Briefing
ANNUAL GENERAL MEETING CEO Briefing Peter Halkett
Slide 6: CEO Briefing Agenda
ANNUAL GENERAL MEETING CEO Briefing Agenda Business overview Year in review Strategic review Actions to date Trading update Q & As
Slide 7: Business Overview Australia and New Zealand
ANNUAL GENERAL MEETING CEO Briefing Business Overview Australia and New Zealand Zintel Communications Tolls and toll free services to business customers Zintel Enterprise PBXs, phone systems; sales, service and maintenance of Ericsson Enterprise systems to large and corporate customers
Slide 8: Business Overview (cont.)
ANNUAL GENERAL MEETING CEO Briefing Business Overview (cont.) ZINTEL CEO Peter Halkett GM GM Australia GM Enterprise NZ CFO CIO GM - HR Communications Johan Scholtz Grant McGough Alf Wallis Simon Casey Ellie Hayward NZ Lindsay Cowley Business Units Group Shared Services
Slide 9: Business Overview (cont. 2)
ANNUAL GENERAL MEETING CEO Briefing Business Overview (cont. 2) TOTAL STAFF IN GROUP 121 Zintel Group (3) Zintel Communications (60) Australia team 24 New Zealand team 36 Zintel Enterprise (58) Australia team 4 New Zealand team 54 Locations Auckland, Wellington, Christchurch, Dunedin and S
Slide 10: Group Financial Overview
ANNUAL GENERAL MEETING CEO Briefing Group Financial Overview 4 Year Trend – Group REVENUE 4 Year Trend – Group NPBT $45 $7 $40 $6 $35 $5 $30 $ Millions $ Millions $25 $4 $20 $3 $15 $2 $10 $1 $5 $0 $0 2003 2004 2005 2006 2003 2004 2005 2006 Year Year Revenue grew year on year But costs grew faste
Slide 11: Financial Overview Aus & NZ
ANNUAL GENERAL MEETING CEO Briefing Financial Overview Aus & NZ 2006 NPBT ($M) 2006 Revenue ($M) Australia $0.8 Australia $10.4 New Zealand New Zealand $3.9 $30.3 Australia 25% revenue – 20% of NPBT Australia – profitable base established
Slide 12: Year in Review (cont.) Achievements
ANNUAL GENERAL MEETING CEO Briefing Year in Review (cont.) Achievements Recruited key executives Major contract wins Resolved disputes with key Enterprise supplier TelstraClear competing for our wholesale supply 1st phase Strategic review complete Restructure process begun
Slide 13: Strategic Review
ANNUAL GENERAL MEETING CEO Briefing Strategic Review Regulatory changes Technology trends Competition Internal assessment Key strategies
Slide 14: Strategic Review – Regulatory Changes
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Regulatory Changes The Cabinet Policy Paper announced 4 key changes for customers: Local Loop Unbundling ‘Naked’ DSL Broadband Removal of constraints on Wholesale DSL Broadband Limits on Telecom’s ability to compete on price within a sma
Slide 15: Strategic Review – Technology Trends
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Technology Trends Fixed Wireless Narrowband Broadband Disparate IP Convergence Systems In-house Outsource
Slide 16: Strategic Review – Competitive Issues
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Competitive Issues New NZ Competitors M2 People Telecom Competitive Issues Increased Broadband and ISP activity VoIP and triple play offers emerging Increasing priced based competition
Slide 17: Strategic Review – Internal Assessment
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Internal Assessment Profit growth stalled Scope for operational improvement – structure, systems and processes Costly and inefficient operating four small business units Continued Enterprise Australia losses Low brand awareness and lim
Slide 18: Strategic Review – Summary
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Summary Changes required that recognise; Zintel business weaknesses The changing market Future opportunities
Slide 19: Strategic Review – Short Term
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Short Term Zintel Enterprise Continued investment in people, systems and new capabilities Transition from PBX to IT and IP world (applications) Eliminate Australia losses Zintel Communications Understand our customers better – segmentati
Slide 20: Strategic Review – Longer Term
ANNUAL GENERAL MEETING CEO Briefing Strategic Review – Longer Term Growth from Opportunities emerging from regulatory changes Opportunities from new technology – mobile and call centre related Significant scope for growth Australian toll free business Acquisition
Slide 21: Actions to Date
ANNUAL GENERAL MEETING CEO Briefing Actions to Date New Senior Management team in place Created stand alone business units Greater focus and clarity around priorities Investment in systems and processes Investment in Sales and Marketing Exit Enterprise Australia Stage one of strategy c
Slide 22: Trading Update
ANNUAL GENERAL MEETING CEO Briefing Trading Update Six months to 30 September 2006 Increased investment in people and marketing One-off restructure costs will be incurred Enterprise – timing of major projects different 1st half operating profit down approx 45% YOY Second Half and Full Year e
Slide 23: Questions
ANNUAL GENERAL MEETING CEO Briefing Questions
Slide 24: Resolutions
ANNUAL GENERAL MEETING Resolutions Nick Gordon
Slide 25: Re-election of Director – Ordinary Resolution
ANNUAL GENERAL MEETING Resolution 1 Nick Gordon Re-election of Director – Ordinary Resolution To consider and, if thought fit, pass the following resolution as an ordinary resolution: "That Paul Connell be re-appointed as a director of the Company with effect from the date of the Annual Meeting."
Slide 26: Reappointment and remuneration of auditors – Ordinary Resolution
ANNUAL GENERAL MEETING Resolution 2 Nick Gordon ■Reappointment and remuneration of auditors – Ordinary Resolution To record the reappointment of PricewaterhouseCoopers as Auditors of the Company under section 200(1) of the Companies Act 1993, and to authorise the Directors to fix their remuneration
Slide 27: Increase in Director's Fees – Ordinary Resolution
ANNUAL GENERAL MEETING Resolution 3 Nick Gordon ■Increase in Director’s Fees– Ordinary Resolution To consider and, if thought fit, pass the following resolution as an ordinary resolution: "That the aggregate maximum amount of fees which can be paid to the directors be set at NZ$180,000 in respect of
Slide 28: CEO Share purchase approval – Ordinary Resolution
ANNUAL GENERAL MEETING Resolution 4 Nick Gordon ■CEO Share purchase approval – Ordinary Resolution Approval of the purchase of shares by Peter Thomas Halkett (“Halkett”) from Nicholas Peter Gordon and Richard Anthony Johnston (as trustees of the Gordon Family Trust) (“GFT”)
Slide 29: General Business
ANNUAL GENERAL MEETING General Business Nick Gordon
Slide 30: Questions
ANNUAL GENERAL MEETING Questions Nick Gordon
Slide 31: Thank you
ANNUAL GENERAL MEETING Close of Annual Meeting Nick Gordon Thank you
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