Slide 1: Market Announcement
Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 MARKET ANNOUNCEMENT www.computershare.com Date: 7 May 2014 To: Australian Securities Exchange S
Slide 2: Computershare Limited
Computershare Limited Mark Davis Chief Financial Officer Macquarie Australia Conference - Sydney V1DIS 7 May 2014
Slide 3: About Computershare
About Computershare › Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust, mortgage, bankruptcy, class action, utility and tax voucher administrati
Slide 4: About Computershare: Where we operate
About Computershare Where we operate
Slide 5: Historical Financials
Historical Financials Sustained earnings despite recent poor operating environment
Slide 6: Historical Financials: EPS & dividends
Historical Financials EPS & dividends
Slide 7: Latest Results: Highlights 1H14
Latest Results Highlights – 1H14 1H14 vs 2H13 vs 1H13 Management earnings per share 29.41 cents up 5.1% up 9.5% Operating revenues $976.9m down 5.8% down 1.1% Operating costs $709.2m down 7.8% down 5.0% Management EBITDA $267.0m down 0.5% up 10.6% EBITDA margin 27.3% up from 25.9% up from 24.4% Mana
Slide 8: 1H14 Revenue & EBITDA breakdown
1H14 Revenue & EBITDA breakdown Regional analysis 1H14 Management Revenue 1H14 Management EBITDA Canada $90.0 Australia & Australia & Canada NZ $200.7 $43.5 NZ $30.6 Asia $20.4 Asia $56.9 UCIA $63.7 USA $437.9 UCIA $150.8 USA $108.0 Continental Continental Europe Europe $0.8 $40.6 Note: all amounts
Slide 9: Margin Income Analysis
Margin Income Analysis 250 18 16.7 15.4 16 14.4 200 13.6 14 12.1 11.2 12 150 USD Billion 9.2 10 USD Million 117.4 120.0 104.9 105.8 8 100 87.0 89.0 84.5 6 4 50 2 0 0 1H11 2H11 1H12 2H12 1H13 2H13 1H14 Margin Income Average balances
Slide 10: Key Financial Ratios
Key Financial Ratios EBITDA Interest Coverage Net Financial Indebtedness to EBITDA 18 3.5 16 3.0 14 2.5 12 2.0 Times Times 10 17.0 8 15.1 1.5 2.92 2.86 13.2 2.72 6 2.47 2.26 9.5 1.0 4 7.3 7.7 8.4 1.42 1.35 2 0.5 0 0.0 1H11 2H11 1H12 2H12 1H13 2H13 1H14 1H11 2H11 1H12 2H12 1H13 2H13 1H14 Dec-13 Jun-1
Slide 11: Return On Invested Capital vs. WACC and Return on Equity
Return On Invested Capital vs. WACC and Return on Equity 30% 26.93% 27.42% 25.80% 25% 22.34% 20% 18.45% 15.84% 16.18% 14.37% 15% 10% 9.83% 8.61% 8.97% 9.13% 5% 0% FY11 FY12 FY13 1H14 WACC ROIC ROE ROIC = (Mgt EBITDA less Depreciation less Income Tax expense)/(Total Debt add Total Equity less Cash).
Slide 12: Key Acquisitions
Key Acquisitions CY2010 onward Name Calendar year Cost (USD m) Country Type of Business HBOS Employee Equity 2010 56.5 UK/Channel Islands Employee Plans Servizio Titoli 2011 46.3 Italy Investor Services Serviceworks Group 2011 58.1 Australia Utility Back Office Services Specialized Loan Servicing LL
Slide 13: Acquisitions
Acquisitions Commentary › Execution on recent acquisitions has met or exceeded our expectations or are on track to do so. › Opportunities to commit capital to grow traditional business lines by acquisition continue to emerge but not in the number we have seen historically. › We have passed on opport
Slide 14: Operating environment
Operating environment Some improvement but off a very low base › Competitive behavior in our markets remains mostly rational but with some markets being more challenged, notably Australia. › We continue to rate highly on independent service surveys around the world. › We have seen some improvement i
Slide 15: Group Strategy and Priorities
Group Strategy and Priorities Stuart Irving, current CIO and long term CPU employee, will assume the role of CEO effective 1 July 2014 and has publicly affirmed support and importance of executing against current group strategy and priorities. So the group strategy remains as it has been: › Continue