Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — Flight Centre — Shareholder Meeting (October 2009)
9 slides from Flight Centre Travel's shareholder meeting presentation, Oct 29, 2009
Slide 1: Flight Centre Limited Annual General Meeting
For personal use only Flight Centre Limited Annual General Meeting 29 October 2009
Slide 2: Highlights – 2008/09
Highlights – 2008/09 For personal use only Reasonable results in challenging conditions – $99.8m trading profit, $40.4m actual PROFIT Profit in all major regions, apart from North America and Asia TTV up but boosted by full year of Liberty and GoGo results SALES Averaged close to $1billion per month
Slide 3: Recent growth performance
Recent growth performance For personal use only JUNE 2008 JUNE 2007 JUNE 2009 JUNE 2006 (restated) (^ex abnormal) TTV $11,240 m $10,880 m $8,880 m $7,810 m Income margin 13.5% 13.3% 13.0% 12.9% EBITDA $88.5 m $231.4 m $175.0 m $147.6 m PBT $40.4 m $201.0 m $151.6 m $120.0 m NPAT $38.2 m $134.8 m $10
Slide 4: Strong cash focus
Strong cash focus For personal use only Global investment portfolio approached $800m at 30 June 2009 INVESTMENT PORTFOLIO Cash weighting increased as part of more conservative treasury policy DEBT Debt down to $128m ($161m at 30 June 2008 and $190m at 31 December) REDUCTION Reduction driven by prope
Slide 5: Capital management
Capital management For personal use only Improving but still uncertain trading climate MARKET CONDITIONS Strong cash management focus to remain in place during 2009/10 Healthy cash reserves allow FLT to pursue opportunities, respond rapidly to OPPORTUNITIES improvements in market conditions and main
Slide 6: Trading update – 2009/10
Trading update – 2009/10 For personal use only FIRST Results currently ahead of expectations, but no change to full year guidance QUARTER Pre-tax trading profit in order of $34m for three months to Sept 30 and good margins Conditions stabilising after volatility of 2008/09 MARKET CONDITIONS Rate of
Slide 7: Global review – 2009/10
Global review – 2009/10 For personal use only USA performed in line with expectations during first quarter NORTH First half losses expected, followed by second half profit AMERICA Mixed results in Canada – good corporate profit but increased leisure losses UNITED Good sales volumes and reasonable pr
Slide 8: Growth plans – 2009/10
Growth plans – 2009/10 For personal use only OVERALL Modest expansion planned – up to 100 new businesses likely to open GROWTH LEISURE Targeting same store sales growth through upstaffing and aggressive marketing TRAVEL Continued expansion in niche travel sectors that are performing well Targeting m
Slide 9: End of presentation Questions
End of presentation For personal use only Questions