Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2016)
20 slides from Tabcorp's shareholder meeting presentation, Oct 25, 2016
Slide 1: 2016 Annual General Meeting
2016 For personal use only ANNUAL GENERAL MEETING
Slide 2: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS
Slide 3: An ASX100 Gambling-Led Entertainment Company
AN ASX100 GAMBLING-LED ENTERTAINMENT COMPANY For personal use only o Diversified across Wagering and Media, Gaming Services and Keno o Long-term licences in attractive markets o A unique multi-product, multi-channel business model 3
Slide 4: Almost 70% of Tabcorp's revenues are returned to racing, venue partners and community
ALMOST 70% OF TABCORP’S REVENUES ARE RETURNED TO RACING, VENUE PARTNERS AND THE WIDER COMMUNITY For personal use only GST & corporate tax (10%) Racing industry Wagering & Keno taxes payments (36%) (9%) Shareholder dividends (9%) Employee salaries & costs (8%) Other expenses including Venue commissio
Slide 5: The Heartbeat of Racing
THE HEARTBEAT OF RACING THE LARGEST CONTRIBUTOR TO AUSTRALIAN RACING For personal use only o Win-win partnerships with Australian racing o New campaign brings to life the stories of people within racing, including James Cummings Thoroughbred trainer, James Cummings. 5
Slide 6: Tabcorp and Tatts to combine to create a diversified world-class group
TABCORP AND TATTS TO COMBINE TO CREATE A DIVERSIFIED WORLD-CLASS GAMBLING ENTERTAINMENT GROUP For personal use only 6
Slide 7: 2016 Financial Year Review: Performance
2016 FINANCIAL YEAR REVIEW PERFORMANCE For personal use only Note: Significant items (after tax) comprise costs relating to the establishment of a new online wagering and gaming business in the UK ($14.4m), AUSTRAC civil proceedings ($13.6m), partially offset by income tax benefits ($11.8m) relating
Slide 8: Achievements: Progressing the Strategic Agenda
ACHIEVEMENTS PROGRESSING THE STRATEGIC AGENDA For personal use only o Substantial investment in digital and technology o Benefits from successful ACTTAB integration o Racing vision enhancements and Victorian thoroughbred media rights secured o Partnership with News UK to launch Sun Bets o TGS’ NSW p
Slide 9: Our Vision: To Be the World's Most Respected Gambling-Led Entertainment Company
OUR VISION: TO BE THE WORLD’S MOST RESPECTED GAMBLING-LED ENTERTAINMENT COMPANY For personal use only o Tabcorp is committed to maintaining the highest standards of regulatory compliance and risk management o Chief Risk Officer appointment, a first for an Australian gambling company o Tabcorp has we
Slide 10: Legal and Other Matters
LEGAL AND OTHER MATTERS For personal use only o Claim against the State of Victoria • Tabcorp’s High Court appeal was dismissed in March 2016 o AUSTRAC amended Statement of Claim • Hearing scheduled to commence in June 2017 o Australian Federal Police (AFP) investigation • Tabcorp is fully cooperati
Slide 11: Conclusion: A Successful Year
CONCLUSION: A SUCCESSFUL YEAR WELL-PLACED TO DRIVE FUTURE PERFORMANCE For personal use only o Significant investment over the past five years provides a strong platform for profitable and sustainable growth o Diversified business with market-leading brands and long-dated licences across attractive m
Slide 12: Managing Director and CEO's Address
For personal use only MANAGING DIRECTOR AND CEO’S ADDRESS
Slide 13: FY16 in Review: Repositioning and Growth
FY16 IN REVIEW REPOSITIONING AND GROWTH For personal use only Wagering Change Gaming Change Change Change Keno Group $m & Media on pcp Services on pcp on pcp on pcp Revenues 1,873.0 0.9% 107.2 7.6% 208.5 4.8% 2,188.7 1.5% EBITDA 382.1 1.7% 70.1 3.7% 70.3 5.9% 515.8 1.5% EBIT 252.2 2.0% 41.0 (1.4%) 5
Slide 14: FY16 in Review - Wagering and Media
FY16 IN REVIEW - WAGERING AND MEDIA DELIVERING GROWTH For personal use only $m FY16 FY15 Change Revenues 1,873.0 1,856.9 0.9% EBITDA 382.1 375.8 1.7% EBIT 252.2 247.2 2.0% o Growth in customer activity with improved momentum across 2H16 • TAB turnover growth +2.8% (1H16 +1.9%, 2H16 +3.8%) • Active T
Slide 15: FY16 in Review - Gaming Services
FY16 IN REVIEW - GAMING SERVICES EXPANDING AND OPTIMISING VENUE PERFORMANCE For personal use only $m FY16 FY15 Change Revenues 107.2 99.6 7.6% EBITDA 70.1 67.6 3.7% EBIT 41.0 41.6 (1.4%) o Continued investment in capability to drive venue performance and expand in NSW o 9,600 machines under contract
Slide 16: FY16 in Review - Keno
FY16 IN REVIEW - KENO A RETURN TO GROWTH For personal use only $m FY16 FY15 Change Revenues 208.5 199.0 4.8% EBITDA 70.3 66.4 5.9% EBIT 50.7 47.5 6.7% o Brand transformation and jackpot initiatives driving awareness and customer play o New app released to ACT customers and digital product coming soo
Slide 17: We want our people to be proud of being part of something bigger
WE WANT OUR PEOPLE TO BE PROUD OF BEING PART OF SOMETHING BIGGER For personal use only We are building a culture that values diversity and recognises achievement o A successful FY16, supported by the efforts of 3,000+ employees o New recognition program, Star Players, launched this week o Recognised
Slide 18: Tabcorp and Tatts to create a diversified, world-class gambling entertainment group
TABCORP AND TATTS TO CREATE A DIVERSIFIED, WORLD-CLASS GAMBLING ENTERTAINMENT GROUP For personal use only o Creates a leading, diversified portfolio of gambling entertainment businesses o Provides a wide range of benefits for stakeholders and enhances the long-term sustainability of the Australian r
Slide 19: FY17 Business Priorities
FY17 BUSINESS PRIORITIES For personal use only Wagering & Media Further integration of retail, digital and media assets; product innovation; new TAB consumer campaign Gaming Services Improve existing venue performance and further expansion Keno Progress brand and product transformation, jackpot pool
Slide 20: To Advance the Way We Play
For personal use only TO ADVANCE THE WAY WE PLAY
Tabcorp Holdings — Shareholder Meeting (October 2016) on 6ix