Finnair Oyj · OMXHEX:FIA1S
Finnair Oyj — Shareholder Meeting (March 2012)
31 slides from Finnair Oyj's shareholder meeting presentation, Mar 28, 2012
Slide 1: Welcome to Finnair Plc's Annual General Meeting
Welcome to Finnair Plc’s Annual General Meeting 1
Slide 2: Meeting agenda items 1-4
1. Opening of the Meeting 2. Calling the Meeting to order 3. Election of persons to scrutinize the minutes and to supervise the counting of votes 4. Recording the legality of the Meeting
Slide 3: Meeting agenda items 5-7
5. Recording the attendance at the Meeting and adoption of the list of votes 6. Report by the Board of Directors on the decision making concerning the housing benefit of the CEO and management remuneration 7. Presentation of the annual accounts, the report of the Board of Directors and the auditor’s
Slide 4: CEO's Review
CEO’s Review CEO Mika Vehviläinen Finnair Annual General Meeting 28.3.2012, Helsinki Fair Center
Slide 5: FINNIE
[® FINNIE
Slide 6: FINNIE
1y FINNIE
Slide 7: New, growing silk road
New, growing silk road New York Helsinki Airport Tokio Beijing Nagoya Delhi Osaka Chongqing Shanghai Hong Kong Bangkok Singapore
Slide 8: 2011 results highlights
2011 + Turnover +11,6 % + Revenue from Asian traffic +25,7 % + Turnover 2,3 mrd€ + Unit costs excl. fuel -6,1 %
Slide 9: 2011: headwind
2011: headwind - Fuel price increased 50 % - Fuel costs +28,6 % - Uncertainty in world economy and over capacity - Tsunami, Arab spring and Bangkok flooding - Loss of 87,8 million euro
Slide 10: 2011: steps forward
2011: steps forward + Singapore + Chongqing + Flybe Nordic + Nordic Global Airlines
Slide 11: Goal: 140 million euro lower annual costs by 2014
Goal: 140 million euro lower annual costs by 2014 10 +60 M€ +70 M€ M€ 2011 2012 2013 11
Slide 12: How are the 140 million euro savings divided?
How are the 140 million euro savings divided? Overhead Support Fleet and Maintenance Staff Corporate, marketing, sales network productivity
Slide 13: Together forward
Together forward Kuva
Slide 14: We want to differentiate with our customer service
We want to differentiate with our customer service 2010 2011 Finnair customer satisfaction Index
Slide 15: We want to double Asian revenue and become a Nordic Champion
We want to double Asian revenue and become a Nordic Champion New York Helsinki airport Tokio Beijing Nagoya Delhi Osaka Shanghai Chongqing Hong Kong Bangkok Singapore
Slide 16: Nordic Champion x 2 Asia
FINNFAITFe Nordic Champion 2 X Asia
Slide 17: Finnair
FINNFAITFe
Slide 18: Adoption of accounts, use of profit, discharge from liability
8. Adoption of the annual accounts 9. Resolution on the use of the profit shown on the balance sheet and the payment of dividend • The Board of Directors proposes to the Annual General Meeting that no dividend is paid based 10.Resolution on the discharge of the members of the Board of Directors and
Slide 19: Remuneration of the Board of Directors
11.Resolution on the remuneration of the members of the Board of Directors • The Shareholders' Nomination Committee proposes that the remuneration of the members of the Board of Directors would remain unchanged: EUR 61,200 for the Chairman EUR 32,400 for the Vice Chairman EUR 30,000 for each m
Slide 20: Number and election of Board members
12. Resolution on the number of members of the Board of Directors • The Shareholders' Nomination Committee proposes that the number of members of the Board of Directors would be eight. 13. Election of the Chairman and other members of the Board of Directors • Proposal by the Shareholders' Nomination
Slide 21: Maija-Liisa Friman
Maija-Liisa Friman • born 1952, M.Sc. (Eng.) • Over 30 years of experience in production, sales, customer service and general management in international companies. • Board Professional, previously CEO of Aspocomp Group Plc, Managing Director of Vattenfall Oy and President of Gyproc Oy. New candidat
Slide 22: Klaus W. Heinemann
Klaus W. Heinemann • born 1951, Diplom Kaufmann • Over 25 years of experience in aviation financing. • CEO of international aircraft leasing company AerCap Holdings N.V until 2011. Previous positions in DVB Bank, the Long-Term Credit Bank of Japan and Bank of America. New candidate 22
Slide 23: Jussi Itävuori
Jussi Itävuori • born 1955, M.Sc. (Econ) • Over 30 years of experience in international business, especially human resources management. • Head of Human Resources for and a Member of the Executive Committee in European Aeronautic Defence and Space Company EADS in 2001-2012. Previously in the service
Slide 24: Merja Karhapää
Merja Karhapää • born 1962, LL.M • Over 20 years of experience in corporate law incl. International M&A, M&A financing and corporate governance. • Head of Group Legal Affairs at Sanoma Plc. since 2008, in service of Sanoma Plc. since 2000. Previously in service of Cultor (part of Danisco) and New ca
Slide 25: Harri Kerminen
Harri Kerminen • born 1951, M.Sc. (Eng.), MBA • Over 20 years of experience in numerous management positions, broad experience in restructuring and internationalisation. • President and CEO of Kemira Plc, and Chairman of the Business and Strategic Management Boards, in service of Kemira Member of th
Slide 26: Gunvor Kronman
Gunvor Kronman • born 1963, M.A. • Broad experience in international cooperation corporate responsibility and media • CEO of Swedish-Finnish Cultural Centre since 2003. In service of Red Cross in 1986–2003, as Senior Advisor of Nordic Council in Denmark in 1996–1999. Journalist in Finnish Broadcasti
Slide 27: Harri Sailas
Harri Sailas • born 1951, M.Sc. (Econ) • Over 30 years of experience in banking and assurance sector. • President and CEO of Ilmarinen Mutual Pension Insurance Company since 2007. Previously in the service of Nordea Bank, Merita Nordbanken, Merita Bank and KOP. Member of the BD since 2010 27
Slide 28: Auditor remuneration and election
14. Resolution on the remuneration of the auditor • Proposed to be paid according to the auditors’ reasonable invoice. 14. Election of the auditor • Proposed that Authorised Public Accountants PricewaterhouseCoopers Oy shall be elected as the auditor of the company, with APA Mikko Nieminen acting as
Slide 29: Authorizing the Board to repurchase own shares
16. Authorizing the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of own shares • The amount of own shares shall not exceed 5,000,000 shares, which corresponds to approximately 3.9% of all the shares in the company. • Only the unrestricted equity of the company ca
Slide 30: Nomination Committee proposal and closing of the Meeting
17. A shareholder’s proposal to appoint a Nomination Committee • preparation of proposal on the composition of the Board of Directors • consists of a representative of each of the three largest shareholders, the Chairman of the Board of Directors serves as an expert member • shall give its proposal
Slide 31: Thank you
Thank you FININFITF2