Annual Shareholders Meeting 27 October 2005 Wayne Boyd
Annual Shareholders Meeting 27 October 2005
Wayne Boyd, Chairman
Agenda Ø Chairman’s introduction Ø Managing Director’s review and trading update Ø Resolutions
General Highlights • All subsidiaries have delivered profitable growth • Archive acquisition performed fully to expectation • Approximately 7, 000 retail and institutional shareholders • 90% of shares held in New Zealand
Financial Highlights
Dividends Key points: • Increase of 26% compared to 2004 • Fully Imputed • Paid 30 September 2005
Dean Bracewell, Managing Director Review and Trading Update
Managing Director’s Presentation Ø Industry overview and business description Ø Business strategy Ø Trading update Ø Outlook
Express Package Industry Overview and Business Description
Express Package Industry • Two segments to Express Package industry – Network couriers 90% of industry revenue – Point-to-point couriers 10% • Services embedded in supply chains of businesses • Consolidated industry structure • Growth underpinned by demand for Just in Time supply
Business Description - Strengths • Experienced people • Network of independent contractors • Operational excellence and profit culture • Dedicated express package linehaul network • Established multi-brand strategy
Multi-Brand Strategy Three major brands: Freightways’ Network Courier Brands Price – Differentiated by price and service – Captures growth across entire market Service
Information Management and Business Mail Industry Overview and Business Description
Information Management • Total information management solution • Records management growth opportunity • Integrated with Freightways express package operations
Business Mail • Niche player in deregulated postal services industry • Growth opportunities in business mail segment • Integrated with Freightways express package operations
Business Strategy
Strategy • Investing for growth - people, infrastructure and IT • Continued development of growth opportunities in Freightways’ existing three markets • Positioning, People, Performance, Profit • Explore complementary acquisition and alliance opportunities
Trading Update
Operating Revenue 2 nd Half 1 st Half • 9% revenue growth compared to 2004 • 5 -year compound average annual revenue growth of 7%
EBITA 2 nd Half 1 st Half • 24% EBITA growth compared to 2004 • 5 -year compound average annual EBITA growth of 19%
Current Financial Performance
Outlook
Outlook • A less buoyant economy is expected • Characteristics of competitive environment expected to remain unchanged • Consistent application of proven market strategies • Positive outlook for shareholders and all other stakeholders
Summary ü Strong successful business ü Positioned to deliver continuing earnings growth ü Delivering an attractive dividend yield
Questions
Resolutions Ø Re-election of Directors Ø Authority to fix Auditors’ remuneration
Annual Shareholders Meeting 27 October 2005
- Slides: 28