2018 ANNUAL SHAREHOLDERS’ MEETING.
28 SEPTEMBER 2018
JOAN WITHERS. Chair
YOUR BOARD.
SKILLS AND DEVELOPMENT.
BOARD COMPOSITION.
AGENDA. >
Chair’s address
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Chief Executive’s address
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Resolutions and voting
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Other business and questions
2018 ANNUAL SHAREHOLDERS’ MEETING.
LEADERSHIP.
WELLBEING AND ENGAGEMENT.
STRATEGY AND MILESTONES.
SHAREHOLDER RETURNS. 7.5%
10th CONSECUTIVE YEAR OF ORDINARY DIVIDEND GROWTH
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DECLARED DISTRIBUTIONS
Interim dividend
25
FY2018 TSR
Final dividend
Special dividend
Share buyback
Cents per share
20 15 10 5 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Financial Year
2018 ANNUAL SHAREHOLDERS’ MEETING.
EBITDAF AND DIVIDEND GUIDANCE. >
FY2019 forecast hydro generation 4,200GWh
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FY2019 forecast EBITDAF guidance $515 million
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Stay-in-business capital expenditure guidance $95 million
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Ordinary dividend guidance 15.5 cents per share
2018 ANNUAL SHAREHOLDERS’ MEETING.
ACKNOWLEDGEMENTS.
FRASER WHINERAY. Chief Executive
ALAN PEART. 1922-2018
OUR YEAR IN REVIEW.
EVIE: ELECTRIFYING OUR FUTURE.
OUR PERFORMANCE. >
Record operating earnings (EBITDAF) of $561 million
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Net profit after tax up $50 million to $234 million
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Stay-in-business capital expenditure $112 million reflecting reinvestment in our assets and technology platforms
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Operating costs flat at $214 million
2018 ANNUAL SHAREHOLDERS’ MEETING.
OUR PEOPLE.
OUR CUSTOMER FOCUS.
OUR WORLD.
ELECTRICITY AS THE SOLUTION.
OUR CAMPAIGN.
OUR ROADMAP.
BUSINESS AND RESOLUTIONS.
RESOLUTION 1. >
Re-election of Keith Smith
2018 ANNUAL SHAREHOLDERS’ MEETING.
RESOLUTION 2. >
Re-election of Prue Flacks
2018 ANNUAL SHAREHOLDERS’ MEETING.
RESOLUTION 3. >
Re-election of Mike Taitoko
2018 ANNUAL SHAREHOLDERS’ MEETING.
VOTING.
QUESTIONS.
MORNING TEA.