Xero Limited · ASX:XRO
Xero — Shareholder Meeting (August 2022)
26 slides from Xero's shareholder meeting presentation, Aug 18, 2022
Slide 1: Market Release: 2022 Annual Meeting Chair & CEO Addresses and Presentation
MARKET RELEASE For personal use only 2022 Annual Meeting Chair & CEO Addresses and Presentation WELLINGTON, 18 August 2022 - Xero Limited (ASX: XRO) attaches its Chair & CEO addresses and Presentation for Xero’s 2022 Annual Meeting. Included in the CEO speech is commentary on year to date revenue gr
Slide 2: Address by the Chair, David Thodey
XERO LIMITED - 2022 ANNUAL MEETING Thursday 18 August 2022 For personal use only Address by the Chair, David Thodey Kia Ora, good Morning from Auckland New Zealand and welcome to Xero’s 2022 Annual Meeting. I’m David Thodey and I am the Chair of Xero’s Board of directors. Thank you for attending tod
Slide 3: Chair address: online platform and operating environment
resolutions today. After that, there will be an opportunity for any general shareholder questions before I will close the Meeting. Just before I give my address I do want to go through a little about using the online platform. For personal use only Voting on the resolutions will be conducted by poll
Slide 4: Chair address: government initiatives by market
● Starting with the UK - Making Tax Digital - continues to evolve presenting opportunities for our customers to file tax digitally so they can easily check income, expenses and profit. ● While in Australia, the newly elected Government has committed to legislating the Tech Investment Boost which wil
Slide 5: Chair address: reporting, data use and sustainability
One way we are doing this is through greater openness in our reporting with the inclusion of enhanced non-financial disclosures in this year’s Annual report. This is an important step towards aligning our reporting with the Integrated Reporting Framework. Using data responsibly is also very importan
Slide 6: Chair closing and start of CEO address
Finally, on behalf of the Board, I would like to thank Steve and the Xero leadership team for another year of strong performance. We are also immensely grateful for the dedication and passion shown by all of Xero’s people which is fundamental to our continued success. For personal use only I’d also
Slide 7: CEO address: customer growth and year-to-date update
To summarise, our customer base is growing, they are staying with us longer and are spending more with us. You can see this in our Total Lifetime Value which increased 43 percent year on year to $10.9 billion. Iʼd like to take this opportunity to provide an update on our performance year to date. Wh
Slide 8: CEO address: investments and leadership changes
● Continuing our work to modernise and invest in our technology platforms to enable our aspirations for the future. The timing of the contribution from these investments will differ depending on a number of factors, such as macro conditions in regions, timing of government initiatives, and timing of
Slide 9: Xero Limited Annual Meeting August 2022
For personal use only Xero Limited Annual Meeting 18 AUGUST 2022
Slide 10: Important notice
Important notice For personal use only This presentation is given on 18 August 2022 on behalf of Xero Limited (Xero) (ASX:XRO) (Company number NZ 183 0488, AU ARBN 160 661 183) Information in this presentation: • is for general information purposes only, and is not an offer or • includes statements
Slide 11: Board of Directors
Board of Directors For personal use only David Thodey, AO Steven Aldrich Mark Cross Rod Drury CHAIR INDEPENDENT NON-EXECUTIVE INDEPENDENT NON-EXECUTIVE XERO FOUNDER INDEPENDENT NON-EXECUTIVE DIRECTOR DIRECTOR NON-EXECUTIVE DIRECTOR People and Remuneration Committee Audit and Risk Management DIRECTOR
Slide 12: Agenda
Agenda For personal use only 1. 2. 3. 4. David Thodey Steve Vamos CHAIR CHIEF EXECUTIVE OFFICER Chair’s CEO Resolutions Q&A address update 4
Slide 13: Using the online platform
Using the online platform For personal use only Voting Questions Get a Voting Card Ask a Question ? Get a Voting Card Ask a Question Help number Download the 1 800 990 363 if you are calling Online Guide at from Australia xero.com/investors/ or under Downloads +61 1800 990 363 if you are calling fro
Slide 14: Agenda: Chair's address
Agenda For personal use only 1. 2. 3. 4. David Thodey Steve Vamos CHAIR Chair’s CEO Resolutions Q&A address update 6
Slide 15: Agenda: CEO update
Agenda For personal use only 1. 2. 3. 4. David Thodey Steve Vamos CHIEF EXECUTIVE OFFICER Chair’s CEO Resolutions Q&A address update 7
Slide 16: Strong result with 29% revenue growth
Strong result with 29% revenue growth For personal use only Financial and operating performance highlights for the year ended 31 March 2022 SUBSCRIBERS ARPU AMRR TOTAL LIFETIME VALUE 3.271m $31.36 $1,231.1m $10.9b + 530,000 net subscriber + 7% YOY (9% in + 28% YOY (30% in + $3.3b or 43% YOY addition
Slide 17: Strategic priorities
Strategic priorities For personal use only G ROW S M ALL BU S I N E S S BU I L D FO R G LO BA L S CA L E D RIVE CLOUD ACCOUNT I NG P LAT FOR M A N D I N N OVATI O N 9
Slide 18: Outlook
Outlook For personal use only Xero will continue to focus on growing its global small business platform and maintain a preference for reinvesting cash generated, subject to investment criteria and market conditions, to drive long-term shareholder value. Total operating expenses (including acquisitio
Slide 19: Agenda: Resolutions
Agenda For personal use only 1. 2. 3. 4. David Thodey Steve Vamos Chair’s CEO Resolutions Q&A address update 11
Slide 20: Resolution: Fixing the fees and expenses of the auditor
RESOLUTION 1 For For personal use only Fixing the fees and 107,113,402 expenses of the 98.83% auditor That the Board is authorised to fix the Against fees and expenses of Ernst & Young as auditor for the ensuing year 1,223,837 1.13% Discretionary 49,260* 0.05% *36,888 of which are held by the Chair
Slide 21: Resolution: Re-election of David Thodey, AO
RESOLUTION 2 For For personal use only Re-election of David 102,440,189 Thodey, AO 94.46% That David Thodey, retiring from office Against as a director of Xero at the close of the Meeting, and being eligible, be re-elected as a director of Xero 5,957,058 5.49% Discretionary 50,609* 0.05% *36,959 of
Slide 22: Resolution: Re-election of Susan Peterson
RESOLUTION 3 For For personal use only Re-election of Susan 99,468,030 Peterson 91.72% That Susan Peterson, retiring from Against office as a director of Xero at the close of the Meeting, and being eligible, be re-elected as a director of Xero 8,930,974 8.24% Discretionary 50,684* 0.05% *37,034 of w
Slide 23: Resolution: Election of Brian McAndrews
RESOLUTION 4 For For personal use only Election of Brian 107,867,942 McAndrews 99.47% That Brian McAndrews, retiring from Against office as a director of Xero at the close of the Meeting, and being eligible, be elected as a director of Xero 524,743 0.48% Discretionary 50,759* 0.05% *37,109 of which
Slide 24: Agenda: Q&A
Agenda For personal use only 1. 2. 3. 4. David Thodey Steve Vamos Chair’s CEO Resolutions Q&A address update 16
Slide 25: Glossary
Glossary For personal use only Subscribers Churn Free cash flow Subscriber means each unique subscription to a Xero- Churn is the value of monthly recurring revenue (MRR) Free cash flow is defined as cash flows from operating offered product that is purchased by an accounting from subscribers who le
Slide 26: Beautiful business
For personal use only Beautiful business xero.com/investors