Southern Cross Media Group Limited · ASX:SXL
Southern Cross Media — Shareholder Meeting (October 2015)
24 slides from Southern Cross Media's shareholder meeting presentation, Oct 29, 2015
Slide 1: Chairman's and CEO's addresses to AGM (ASX release)
SOUTHERN CROSS ne TEREO Southern Cross Media Group Limited ABN 91 116 024 536 Level 2, 257 Clarendon Street Telephone +613 9252 1019 SOUTH MELBOURNE VIC 3205 Fax +613 9252 1270 AUSTRALIA Internet www.southerncrossaustereo.com.au 29 October 2015 ASX RELEASE Chairman’s and CEO’s addresses to AGM South
Slide 2: Address by Peter Bush, Chairman
SOUTHERN CROSS MEDIA GROUP LIMITED ADDRESS BY PETER BUSH 2015 ANNUAL GENERAL MEETING CHAIRMAN Good morning and welcome. This is my first AGM as a director and Chairman of your Company, having joined the Board in February this year. My first nine months has seen ongoing significant change in the indu
Slide 3: Address by Peter Bush, Chairman (continued)
SOUTHERN CROSS MEDIA GROUP LIMITED ADDRESS BY PETER BUSH 2015 ANNUAL GENERAL MEETING CHAIRMAN For the year to 30 June, total regional revenue from our more than 70 regional radio stations and 20 television licences was flat at just over $360 million and EBITDA of $114 million was 1.9% ahead of the p
Slide 4: Address by Peter Bush, Chairman (board renewal)
SOUTHERN CROSS MEDIA GROUP LIMITED ADDRESS BY PETER BUSH 2015 ANNUAL GENERAL MEETING CHAIRMAN The Board has undergone a significant process of renewal over the past year. In addition to the three new directors who were appointed at last year’s AGM, a further three of us who have joined the Board sin
Slide 5: Address by Grant Blackley, CEO
SOUTHERN CROSS MEDIA GROUP LIMITED ADDRESS BY GRANT BLACKLEY 2015 ANNUAL GENERAL MEETING CHIEF EXECUTIVE OFFICER Thank you Chairman. This is my first AGM for the Southern Cross Austereo Group and I’m delighted to have been provided the opportunity by the Board to lead the Group. With a large number
Slide 6: Address by Grant Blackley, CEO (trading outlook)
SOUTHERN CROSS MEDIA GROUP LIMITED ADDRESS BY GRANT BLACKLEY 2015 ANNUAL GENERAL MEETING CHIEF EXECUTIVE OFFICER Finally, we are constantly looking at ways that we can grow the amount of premium audio and video content for distribution across our web and mobile platforms. These assets command a prem
Slide 7: Annual General Meeting October 2015
For personal use only SOUTHERN CROSS AUSTEREO ANNUAL GENERAL MEETING 29 OCTOBER 2015 10/28/2015
Slide 8: Agenda
AGENDA For personal use only 1. Chairman’s overview 2. CEO’s report 3. Formal business 4. Closure of meeting 2
Slide 9: Board and Management
BOARD AND MANAGEMENT For personal use only BOARD MANAGEMENT Peter Bush, Chairman Nick McKechnie, CFO Leon Pasternak, Deputy Chairman Tony Hudson, Company Secretary Grant Blackley, Managing Director Chris de Boer Glen Boreham Kathy Gramp Peter Harvie Rob Murray Helen Nash 3
Slide 10: Chairman's Overview
For personal use only CHAIRMAN’S OVERVIEW PETER BUSH 4
Slide 11: CEO's Report
For personal use only CEO’S REPORT GRANT BLACKLEY 5
Slide 12: Operating Update
OPERATING UPDATE For personal use only Strategy to improve operating performance is gaining traction • Re-establish leading position in radio markets: – Investment strategy continues, with Sydney breakfast show on the Hit Network, 2DAY FM – Steady increases in commercial audience share across the ne
Slide 13: Trading Update
TRADING UPDATE For personal use only H1 Guidance – Forecasting revenues up 2.5 - 3.5%, with growth in all assets • Metro radio revenues to be up 7-8% in H1 – Strong Metro radio markets: up +8.8% in September quarter – Triple M Network continues to grow share – Hit Network revenues improving on back
Slide 14: Formal Business
For personal use only FORMAL BUSINESS PETER BUSH 8
Slide 15: Proxies
PROXIES For personal use only • Proxies received for 648,247,780 shares • Number of shareholders 383 • Representing 86.02% of the company’s issued voting capital 9
Slide 16: Resolution 1: Election of Peter Bush as a Director
FORMAL BUSINESS For personal use only Resolution 1: Election of Peter Bush as a Director That Peter Bush be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 644,503,885 2,684,457 320,916 1,059,438 % of Votes cast 99.43 0.41 - 0.16 10
Slide 17: Resolution 2: Election of Helen Nash as a Director
FORMAL BUSINESS For personal use only Resolution 2: Election of Helen Nash as a Director That Helen Nash be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 646,355,842 981,471 173,445 1,057,938 % of Votes cast 99.69 0.15 - 0.16 11
Slide 18: Resolution 3: Election of Grant Blackley as a Director
FORMAL BUSINESS For personal use only Resolution 3: Election of Grant Blackley as a Director That Grant Blackley be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 646,828,602 484,149 198,007 1,057,938 % of Votes cast 99.77 0.07 - 0.16 12
Slide 19: Resolution 4: Re-election of Peter Harvie as a Director
FORMAL BUSINESS For personal use only Resolution 4: Re-election of Peter Harvie as a Director That Peter Harvie be re-elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 644,938,245 2,395,993 142,618 1,091,840 % of Votes cast 99.46 0.37 - 0.17 13
Slide 20: Resolution 5: Re-election of Chris de Boer as a Director
FORMAL BUSINESS For personal use only Resolution 5: Re-election of Chris de Boer as a Director That Chris de Boer be re-elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 641,957,517 5,358,969 151,705 1,100,505 % of Votes cast 99.00 0.83 - 0.17 14
Slide 21: Resolution 6: Approval of FY16 LTI grant to Managing Director
FORMAL BUSINESS For personal use only Resolution 6: Approval of FY16 LTI grant to Managing Director For the purposes of ASX Listing Rule 10.14, and all other purposes, that approval be given for the grant of 491,803 Performance Rights to the Company’s Chief Executive Officer and Managing Director, G
Slide 22: Resolution 7: Adoption of Remuneration Report
FORMAL BUSINESS For personal use only Resolution 7: Adoption of Remuneration Report That the Remuneration Report included in the SCMGL Directors’ Report for the financial year ended 30 June 2015 be adopted Proxies Received For Against Abstain Open Proxies # of Votes cast 643,852,448 2,441,428 302,99
Slide 23: Poll on all resolutions
FORMAL BUSINESS For personal use only Poll on all resolutions • Returning officer: Antony Tolfts, Computershare • Scrutineer: Sam Lobley, PricewaterhouseCoopers • Complete yellow voting card; follow instructions on the card • Return yellow voting card to Computershare • Results published later today
Slide 24: Meeting Close
For personal use only MEETING CLOSE 18
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