Mcmillan Shakespeare Limited · ASX:MMS

Mcmillan Shakespeare — Shareholder Meeting (October 2015)

26 slides from Mcmillan Shakespeare's shareholder meeting presentation, Oct 27, 2015

  1. Slide 1: Annual General Meeting 2015

    Annual General Meeting 2015 McMillanShakespeareGroup

  2. Slide 2: FY15 Financial Highlights

    MMS Group Annual General Meeting 2015 2 For personal use only FY15 Financial Highlights  Consolidated NPAT $67.5m1 (23% growth on FY14) with underlying NPAT $70.2m2 (26% growth on FY14) o Group Remuneration Services NPAT $54.3m (29% growth on FY14) o Asset Management NPAT $11.3m (17% less than FY14

  3. Slide 3: Financial Overview

    MMS Group Annual General Meeting 2015 3 For personal use only Financial Overview Dividends Per Share (cents) Earnings Per Share (cents) 52.0 52.0 47.0 87.0 83.4 10 year CAGR 30% 42.0 76.6 10 year CAGR 27% 73.8 38.0 64.0 24.0 41.2 19.0 16.5 30.4 25.8 12.5 19.8 9.5 17.1 3.9 8.0 FY05 FY06 FY07 FY08 FY0

  4. Slide 4: NPAT Performance ($m)

    MMS Group Annual General Meeting 2015 4 For personal use only NPAT Performance ($m) Underlying NPAT 70.2 67.5 55.9 62.2 10 year CAGR 29% 55.0 54.3 43.5 27.9 20.5 17.4 13.2 11.3 5.2 1,2 3 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15  FY15 saw a return to the historical performance of produ

  5. Slide 5: Definition of Segments

    MMS Group Annual General Meeting 2015 5 For personal use only Definition of Segments Group Remuneration Services Retail Financial Services Asset Management Brands  Administrative services in respect of  Retail brokerage services,  Financing and ancillary management salary packaging aggregation of

  6. Slide 6: Provides financial diversification

    MMS Group Annual General Meeting 2015 6 For personal use only Provides financial diversification FY15 Reported Results FY15 Pro Forma Results1 Revenue Revenue 40% 37% 49% $387.3m 45% $474.8m Includes full year 2015 pro forma impact of 6% Presidian and UFS 23% acquisitions EBITDA EBITDA Excludes all

  7. Slide 7: Corporate strategy designed to enable the utilisation of core competencies throughout the Group

    MMS Group Annual General Meeting 2015 7 For personal use only Corporate strategy designed to enable the utilisation of core competencies throughout the Group Group Remuneration Services Asset Management  Access to 1.0m+ employees  Operating and finance leases  Ability to data mine large amounts o

  8. Slide 8: Group Remuneration Services Full Year Financial Performance

    MMS Group Annual General Meeting 2015 8 For personal use only Group Remuneration Services Full Year Financial Performance % Change % Change $000 FY15 FY14 with FY15 FY13 with FY15 Segment revenue 176,096 157,247 12% 155,855 13% Expenses Employee expenses 71,649 67,138 7% 62,408 15% Property and othe

  9. Slide 9: Group Remuneration Services Digital Innovation

    MMS Group Annual General Meeting 2015 9 For personal use only Group Remuneration Services Digital Innovation Delivered FY15:  Industry leading technology  Mobile optimised websites  Enhanced customer experience o 20% of all website visits originated  Improved access from mobile device  Increase

  10. Slide 10: Competitive Strengths and Performance Indices

    MMS Group Annual General Meeting 2015 10 For personal use only Group Remuneration Services Competitive Strengths and Performance Indices Productivity Index Customer Satisfaction Index4 Rolling 3 month revenue (ex SP interest ) / FTE 180 300 170 250 160 200 150 1 140 150 130 1 1 100 120 1 1,2 50 110

  11. Slide 11: Asset Management Full Year Financial Performance

    MMS Group Annual General Meeting 2015 11 For personal use only Asset Management Full Year Financial Performance FY15 FY14 $000 Australia / NZ UK Total Australia / NZ UK Total Segment revenue 175,433 12,628 188,061 178,195 9,874 188,069 Expenses Depreciation of motor vehicle fleet 83,004 - 83,004 81,

  12. Slide 12: Asset Management Australia and New Zealand commentary

    MMS Group Annual General Meeting 2015 12 For personal use only Asset Management Australia and New Zealand commentary  Market remains highly competitive with pressure on NIM and management fees  Inertia of fleets remains consistent with previous period  Residual Value provision is unchanged at $2m

  13. Slide 13: Asset Management UK Commentary

    MMS Group Annual General Meeting 2015 13 For personal use only Asset Management UK Commentary  UK business building momentum recording first year of combined profitability o All wholly owned businesses generated a profit o JV business continues to build brand reputation in the market  Retail sales

  14. Slide 14: Asset Management Fleet Assets Written Down Value

    MMS Group Annual General Meeting 2015 14 For personal use only Asset Management Fleet Assets Written Down Value 425 114 334 14 320 311 307 262 213 214 220 Acquisition 1 April Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 2010 Australia / New Zealand UK

  15. Slide 15: Retail Financial Services Full Year Financial Performance

    MMS Group Annual General Meeting 2015 15 For personal use only Retail Financial Services Full Year Financial Performance 27 February 2015 1,2 FY15 full year 2,3 FY15 Revenue breakdown3 $000 to 30 June 2015 pro-forma Segment revenue 23,106 69,252 Expenses 16% Employee expenses 7,573 20,468 41% Net cl

  16. Slide 16: Retail Financial Services Strategic Rationale

    MMS Group Annual General Meeting 2015 16 For personal use only Retail Financial Services Strategic Rationale Extends the consumer finance (F&I) platform  Capital light with no residual or associated credit risk  Originate and broker c. $1.5 billion loans per annum  Create the leading player in th

  17. Slide 17: Retail Financial Services Distribution Footprint

    MMS Group Annual General Meeting 2015 17 For personal use only Retail Financial Services Distribution Footprint NT active dealers Presidian 25 UFS 19 QLD active dealers  4400+ active dealers Presidian 643  600 finance brokers UFS 479 WA active dealers  14 Money Now retail outlets Presidian 228 UF

  18. Slide 18: Risks & sensitivities

    MMS Group Annual General Meeting 2015 18 For personal use only Risks & sensitivities  Interest rates (earnings on float)  Second hand car prices (remarketing earnings)  New car sales (novated lease participation)  Government policy development  General economic conditions and consumer confidenc

  19. Slide 19: Outlook

    MMS Group Annual General Meeting 2015 19 For personal use only Outlook  Ongoing profitable growth through: o New business and cross-sell from our stronger integrated value proposition, competitive cost of funds and flexible financing facilities o Increasing participation rates within existing custo

  20. Slide 20: Annual General Meeting 2015

    Annual General Meeting 2015 McMillanShakespeareGroup

  21. Slide 21: Adoption of the Remuneration Report

    MMS Group Annual General Meeting 2015 21 For personal use only Adoption of the Remuneration Report For 40,926,839 Against 1,794,716 Open-Usable 376,899 Abstain 149,782

  22. Slide 22: Spill Meeting Resolution

    MMS Group Annual General Meeting 2015 22 For personal use only Spill Meeting Resolution For 3,509,169 Against 39,289,791 Open-Usable 376,699 Abstain 182,577

  23. Slide 23: Re-election of Mr Ross Chessari as a Director

    MMS Group Annual General Meeting 2015 23 For personal use only Re-election of Mr Ross Chessari as a Director For 44,138,228 Against 8,432,704 Open-Usable 383,399 Abstain 66,247

  24. Slide 24: Re-election of Mr Tim Poole as a Director

    MMS Group Annual General Meeting 2015 24 For personal use only Re-election of Mr Tim Poole as a Director For 50,949,113 Against 1,616,981 Open-Usable 387,637 Abstain 66,847

  25. Slide 25: Financial Assistance

    MMS Group Annual General Meeting 2015 25 For personal use only Financial Assistance For 52,392,433 Against 50,430 Open-Usable 384,499 Abstain 193,216

  26. Slide 26: Annual General Meeting 2015

    Annual General Meeting 2015 McMillanShakespeareGroup

McMillan Shakespeare — Shareholder Meeting (October 2015) on 6ix