Lottery Corporation Limited · ASX:TLC
Lottery — The Lottery — Shareholder Meeting (October 2024)
32 slides from Lottery's shareholder meeting presentation, Oct 1, 2024
Slide 1: Annual General Meeting Addresses and Presentation
1 October 2024 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 ANNUAL GENERAL MEETING ADDRESSES AND PRESENTATION For personal use only Attached are the addresses and an accompanying presentation to be delivered by Doug McTaggart, Chairman, and Sue van der Merwe, Managing
Slide 2: Chairman's Address: Introduction and 2023/24 in review
The Lottery Corporation Limited ABN 21 081 925 706 Annual General Meeting (AGM) 1 October 2024 CHAIRMAN AND CEO AGM ADDRESSES CHAIRMAN’S ADDRESS Introduction It’s my pleasure to address shareholders today. Six months ago, I was privileged to be elected Chairman of The Lottery Corporation. For person
Slide 3: Shareholder returns and board structure
This was a complex project that was well executed by the management team. Shareholder returns The Board is very focused on returns to shareholders. As part of our capital management framework, we have set a long-term value creation target of total shareholder return in the top quartile of the compan
Slide 4: Board re-elections and governance focus
Megan Quinn and I offer ourselves for re-election today. Stephen, Megan and I will address the meeting later today in respect of our election or re-elections. As a result of my stepping into the Chairman’s role, in March we changed the composition of our Board committees to ensure they continue to e
Slide 5: Returns to players and community
At The Lottery Corporation, 60 per cent of a typical lottery entry, excluding commission to retailers, is returned to winners and over 30 per cent is paid in taxes to the states and territories, and the federal government. This means that more than 90 per cent of an entry into Australia’s official l
Slide 6: MD and CEO's Address: 2023/24 performance in review
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER’S ADDRESS Thank you, Doug. Good morning shareholders. It is my pleasure to provide my address for the 2023/24 financial year. Introduction A year of continuing to add excitement to Australians’ lives and delivering life-changing wins. A total of $4.4 bil
Slide 7: Customer growth and retail and digital channels
Active registered customer numbers increased to 4.75 million. That’s an uplift of almost half a million customers. This was driven by a customer acquisition and retention strategy that’s delivering, as well as big Australian events including the $200 million Powerball draw and the $90 million Oz Lot
Slide 8: Keno performance
Keno Turning to Keno – a well-established and popular product. The game is centred around licensed venues and also offered online, where that’s permitted, through our Victorian and ACT licences. Revenues grew 2.7 per cent, with strong in-venue performance, particularly in Queensland, underpinning th
Slide 9: Responsible gambling and culture
In this context, it’s important to reinforce that lotteries are quite different. Lotteries are generally a low spend purchase, with the average weekly spend by our customers in FY24 being around $13. They are a low harm product, largely because of the game structure where there’s typically one draw
Slide 10: Initiatives for the year ahead
Among the many initiatives we’re executing this year is an easier way for players to join our retail membership program using their digital device instore. This will modernise the sign-up experience for customers and our retailers. We’re also implementing a new customer data platform that will enabl
Slide 11: 2024 Annual General Meeting
For personal use only 2024 Annual General Meeting 1
Slide 12: Acknowledgement of Country
The Lottery Corporation would like to acknowledge the First Nations Peoples of Australia. We acknowledge that they For personal use only are the Traditional Custodians of the lands on which our offices, retail outlets and venues operate. As our nation and organisation continues our journey towards r
Slide 13: Chairman's Address
For personal use only Chairman’s Address Annual General Meeting 2024 5
Slide 14: Australian market leader among top lotteries businesses globally
The Australian market leader and one of the highest performing lotteries businesses globally Exclusive and/or long dated licences (and approvals) For personal use only Low-spend, mass participation model underpins wide community acceptance Diversified and balanced portfolio of high-profile brands Si
Slide 15: FY24 Financial Highlights
FY24 Financial Highlights Record Group revenue $3,996.6m A record-breaking For personal use only year, delivering value Record Group EBITDA(i) Record Group EBITDA to our shareholders (before significant items)) (i)) $770.6m $827.1m through execution of the strategic plan. Record Group NPAT Record Gr
Slide 16: Delivering value to shareholders in FY24
Delivering value to our shareholders in FY24 through execution of the strategic plan Total ordinary Special dividend dividends (i)) For personal use only 16.0 cents per share fully franked 2.5 cents per share fully franked Earnings per share Earnings per share (before significant items)) (ii)) 18.6
Slide 17: The Lottery Corporation's Board of Directors
The Lottery Corporation’s Board of Directors For personal use only Doug McTaggart Sue van der Merwe John O’Sullivan Anne Brennan Independent Non-Executive Managing Director & CEO Independent Non-Executive Independent Non-Executive Chairman Director Director Harry Boon Megan Quinn Stephen Morro Indep
Slide 18: Areas of governance focus
For personal use only Areas of governance focus 10
Slide 19: Our licences make a meaningful difference in our communities
Our licences make a meaningful difference in our communities Supported Australian businesses with For personal use only more than $720m in commissions Contributed $1.9b in state Lotteries and Keno taxes which helps governments support communities 11
Slide 20: Conclusion: A resilient, world-class lotteries business
Conclusion: A resilient, world-class lotteries business For personal use only • Strong result in FY24 • Proactive management initiatives delivering results • Ongoing strategic execution • Delivering value for stakeholders responsibly • A track record of sustainable growth and resilience 12
Slide 21: MD & CEO's Address
For personal use only MD & CEO’s Address Annual General Meeting 2024 13
Slide 22: A record year for performance, jackpots and customer growth
A record year for overall performance, jackpot offers and customer growth, underpinned by exceptional experiences Made a record 320+ Lotteries & Keno millionaires For personal use only who collectively took home more than $1.6b(i)) Record $200m Powerball® jackpot our largest lottery offer and estima
Slide 23: FY24 performance in review
FY24 performance in review Record Group revenue $3,996.6m For personal use only Record Group EBITDA(i) Record Group EBITDA (before significant items)) (i)) $770.6m $827.1m Record Group NPAT Record Group NPAT (before significant items)) (i)) $414.0m $411.8m (i)) "Non-IFRS" information and unaudited.
Slide 24: Lotteries: strong result reflects management actions
Lotteries: Strong result reflects management actions and highly favourable jackpot outcomes Revenues EBITDA(i) $3,708.5m $724.5m up 14.7% up 19.3% For personal use only on FY23 on FY23 The equivalent of 4.75m 52.8% active registered of the Australian Lotteries customers adult population up 12.2% pur
Slide 25: Keno: strong in-venue performance
Keno: Strong in-venue performance, with Queensland continuing to lead the way; cycling record profitability in FY23 For personal use only Revenue EBITDA Tickets $288.1m $102.6m 120m+ up 2.7% down 3.2% Keno tickets on FY23 on FY23 sold in FY24 r Whenayysoufepellasyltikogeeathwein! it alw KTWPA4V1 Gam
Slide 26: Helping customers have fun, responsibly
We believe in helping our customers have fun, responsibly For personal use only World Lottery Association LEVEL 4 Responsible Gaming Accreditation Retained “The Lottery Corporation provides guidance and education to our staff on what to do to promote responsible play, the requirements on things like
Slide 27: Delivering and advertising games responsibly
The Lottery Corporation prioritises delivering and advertising our games responsibly and with integrity For personal use only 19
Slide 28: Share joy, spark possibilities
At The Lottery Corporation, we want our people to “share joy, spark possibilities” For personal use only 20
Slide 29: Our strategy to deliver long-term growth and value
Our strategy to continue to deliver long-term growth and value Our Vision Our Purpose To be the world’s best lottery operator To create positive impacts For personal use only Company principles Create Dare to find Be accountable and Nurture the uniqueness joyful moments a better way transparent of o
Slide 30: Conclusion: Delivering winning moments
Conclusion: Delivering winning moments to our people, our customers and our communities For personal use only 22
Slide 31: Disclaimer
Disclaimer This presentation (Presentation) contains summary information about the current activities of The Lottery Corporation Limited (The Lottery Corporation) and its subsidiaries. It should be read in conjunction with The Lottery Corporation’s other periodic and continuous disclosure announceme
Slide 32: For personal use only
For personal use only 47