Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2018)
23 slides from Tabcorp's shareholder meeting presentation, Oct 17, 2018
Slide 1: Tabcorp Holdings Limited Annual General Meeting 17 October 2018
For personal use only TABCORP HOLDINGS LIMITED ANNUAL GENERAL MEETING 17 OCTOBER 2018
Slide 2: Chairman's Address
For personal use only 2 CHAIRMAN’S ADDRESS
Slide 3: A World-Class, Diversified Gambling Entertainment Group
A WORLD-CLASS, DIVERSIFIED EBITDA CONTRIBUTION BY BUSINESS UNIT1, 2 G A M B L I N G E N T E R TA I N M E N T G R O U P For personal use only Tabcorp is now one of the largest publicly listed, diversified gambling entertainment businesses in the world. WAGERING & MEDIA LOTTERIES & KENO GAMING SERVICE
Slide 4: The Tabcorp-Tatts Combination: On Track to Deliver Integration Benefits
T H E TA B C O R P - TAT T S C O M B I N AT I O N For personal use only We are on track to deliver the integration benefits $130m+ $50m $78m $50m $19m $5m $80m $8m $59m $45m $2m $6m 2H18 FY19 FY20 FY21 EBITDA - Cost Synergies EBITDA - Revenue Synergies 4
Slide 5: Tabcorp Holdings Limited Annual General Meeting October 2018
For personal use only TABCORP HOLDINGS LIMITED ANNUAL GENERAL MEETING 17 OCTOBER 2018
Slide 6: Group Results
GROUP RESULTS1,2 For personal use only Change $m FY18 FY17 on pcp Revenues 3,828.7 2,229.6 71.7% Variable contribution 1,489.9 1,006.3 48.1% Operating expenses (753.5) (502.2) 50.1% EBITDA before significant items 736.4 504.1 46.1% D&A (248.6) (178.7) 39.2% EBIT before significant items 487.8 325.4
Slide 7: Tabcorp's Businesses Create Value for Stakeholders
TA B C O R P ’ S B U S I N E S S E S C R E AT E VA L U E F O R I T S S TA K E H O L D E R S For personal use only The combined Tabcorp-Tatts business underpins Australia’s vibrant racing industry and is a large taxpayer. A$917 MILLION A$1.1+ BILLION A$594 MILLION In racing industry funding (FY18). I
Slide 8: Drought Relief Support to Farmers and Communities
D R O U G H T R E L I E F S U P P O R T T O FA R M E R S A N D COMMUNITIES ACROSS QUEENSLAND AND NSW For personal use only 8
Slide 9: Positive Developments in Australian Gambling Regulation
POSITIVE DEVELOPMENTS IN A U S T R A L I A N G A M B L I N G R E G U L AT I O N For personal use only • Tabcorp has welcomed recent developments which create a better regulated and more sustainable gambling industry o Legislation to ban synthetic lotteries and Keno products effective from January 20
Slide 10: Board Update
B O A R D U P D AT E For personal use only • Tabcorp welcomed Harry Boon as a Non-Executive Director in December 2017 • Elmer Funke Kupper retires from the Board of Tabcorp today • Board Committees have been restructured to focus on key business priorities • New diversity targets established: o At l
Slide 11: Tabcorp Holdings Limited Annual General Meeting October 2018
For personal use only TABCORP HOLDINGS LIMITED ANNUAL GENERAL MEETING 17 OCTOBER 2018
Slide 12: A Company-Defining Year
A C O M PA N Y- D E F I N I N G Y E A R For personal use only 12
Slide 13: Managing Director & Chief Executive Officer's Address
For personal use only MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER’S ADDRESS 13
Slide 14: Group Results
G R O U P R E S U LT1,2S For personal use only Change $m FY18 FY17 on pcp Revenues 3,828.7 2,229.6 71.7% Variable contribution 1,489.9 1,006.3 48.1% Operating expenses (753.5) (502.2) 50.1% EBITDA before significant items 736.4 504.1 46.1% D&A (248.6) (178.7) 39.2% EBIT before significant items 487.
Slide 15: Lotteries & Keno Business Results
LOTTERIES & KENO For personal use only Business Results FY18 in review Revenue • Powerball game change launched April 2018 $1,390.7m • Sales growth in retail network Up | >100% • Strong digital performance o Digital sales up 27.8% EBITDA • Digital share of Keno sales 3.8%, up from 0.7% in the pcp $2
Slide 16: Wagering & Media Business Results
WA G E R I N G & M E D I A For personal use only Business Results FY18 in review Revenue • Strong digital and fixed odds performance in TAB $2,186.1m • 720,000-plus active account Up | 16.7% customers, supported by Soccer World Cup campaign and venue sign-ups EBITDA • TAB performance relative to UBE
Slide 17: Gaming Services Business Results
GAMING SERVICES For personal use only Business Results FY18 in review Revenue • New NSW monitoring licence commenced December 2017 $249.7m • New Victorian gaming Up | 73.5% arrangements now provide industry certainty to 2032 (previously 2022) EBITDA • TGS is seeking to transition existing Victorian
Slide 18: Integration on Track
I N T E G R AT I O N O N T R A C K For personal use only Corporate Wagering & Media • Board and senior leadership changes implemented • Fixed odds trading system integration to drive improved risk management and productivity • New management structures implemented across group • UBET Fixed Odds and
Slide 19: Building a High Performance Culture
B U I L D I N G A H I G H P E R F O R M A N C E C U LT U R E For personal use only 19
Slide 20: This Is What Trust Feels Like
For personal use only Rachel Osborne Talent Acquisition Advisor THIS IS WHAT TRUST FEELS LIKE All for one
Slide 21: This Is What Asking For Help Looks Like
For personal use only Craig McSorley Head of Technical Services QLD THIS IS WHAT ASKING FOR HELP LOOKS LIKE All for one
Slide 22: FY19 Priorities
FY19 PRIORITIES For personal use only • Deliver expected benefits from the combination with Tatts LOTTERIES • Continue to execute on growth opportunities across all & businesses KENO o Enhance digital capability and improve consistency of customer digital experience o Deepen integration of digital t
Slide 23: Disclaimer
DISCLAIMER For personal use only This Presentation contains summary information about the current activities of Tabcorp Holdings Limited (Tabcorp) and its subsidiaries (Tabcorp Group). It should be read in conjunction with the Tabcorp Group’s other periodic and continuous disclosure announcements lo
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