Perpetual Limited · ASX:PPT
Perpetual — Perpetual Trustees Australia — Shareholder Meeting (October 2002)
19 slides from Perpetual's shareholder meeting presentation, Oct 29, 2002
Slide 1: Perpetual Trustees Australia Limited Annual General Meeting
Perpetual Trustees Australia Limited Annual General Meeting Tuesday 29 October, 2002
Slide 2: AGM Address – Charles Curran AO, Chairman
Perpetual Trustees Australia Limited AGM Address Tuesday 29 October, 2002 Charles Curran AO Chairman
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Slide 4: AGM Address – Graham Bradley, Managing Director
Perpetual Trustees Australia Limited AGM Address Tuesday 29 October, 2002 Graham Bradley Managing Director
Slide 5: Growing core revenues: 1998 - 2002
Growing core revenues: 1998 - 2002 ($million) core revenues Oother Jun 98 Jun 99 Jun 00 Jun 01 Jun 02 Financial year ended
Slide 6: Consistent profit growth: 1998 - 2002
Consistent profit growth: 1998 - 2002 ($million) 100.7 82.0 71.4 60.3 EBITDA 40.3 58.7 40.7 Jun 98 Jun 99 Jun 00 Jun 01 Jun 02 * Profit after tax attributable to member, before net gains on sale of investments Financial year ended
Slide 7: Continuing EPS and dividend growth
Continuing EPS and dividend growth (¢ per share) 200 147 Special 50 | ¢—- dividend 110 87 Basic EPS 73 Normal dividends Jun 98 Jun 99 Jun 00 Jun 01 Jun 02 346 35.4 36.6 372 378 Weighted average number of shares (m) Financial year ended
Slide 8: Sound financial position
Sound financial position • Net assets: $256.6m • Investments: $124.4m at market value • Cash holdings: $110m • Borrowings 19.9% of shareholder equity 5
Slide 9: Perpetual Investments
Perpetual Investments • Revenues up 26% to $133m • FUM up 24% to $19.4b • Top quartile returns in Australian equities 6
Slide 10: Strong Retail/Masterfund Inflows
Strong Retail/Masterfund Inflows • Q1 retail and masterfund inflows $980m • Succession quality and team depth • Focus on retail and masterfund business • Expanding product range • Morningstar Fund Manager of the Year 2001 7
Slide 11: Personal Financial Services
Personal Financial Services • Revenues up 5% to $66.3m • 650 new portfolio management accounts • $700m new funds inflows • Perpetual’s select funds now $1.8b • Total funds managed up to $5.2b 8
Slide 12: Corporate Trust
Corporate Trust • Revenues up 19% to $36.6m • Securitisation up to $52b • Quality service reputation • New services • Growing interest in responsible entity and compliance services 9
Slide 13: ASX Perpetual Registrars
ASX Perpetual Registrars • Successful implementation of OSCAR system • New clients won - Qantas, Brambles, BHP Steel, Fairfax, IOOF, OPSM, Others • Shareholder records now over 7.0 million • Profit turnaround on lower revenues 9
Slide 14: Summary
Summary • Good long-term prospects for Wealth Management and Corporate Trust • Strong investment process and team • Style suited to uncertain times • Winning retail market share • Demonstrated cost management • Capacity for acquisitions • Committed staff and executives 11
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Slide 16: Perpetual Trustees Australia Limited Annual General Meeting
Perpetual Trustees Australia Limited Annual General Meeting Tuesday 29 October, 2002
Slide 17: Executive Options
Executive Options • Options issue price is equal to market price at time of issue • Expire after 6 years • Options exercised only if specific performance hurdles achieved • The current performance hurdle - the percentage increase in total shareholder return between the date of grant and the date of
Slide 18: PPT vs ASX 300 Acc Index - 15 Oct 1999 to 25 Oct 2002
PPT vs ASX 300 Acc Index - 15 Oct 1999 to 25 Oct 2002 - tranche of options exercisable on 15 Oct 2002 260 240 220 PPT ASX 300 Acc Index 200 180 160 140 120 100 80 Oct-99 Mar-00 Sep-00 Mar-01 Sep-01 Mar-02 Sep-02 JBWERE QUANTITATIVE RESEARCH 18
Slide 19: Perpetual Trustees Australia Limited Annual General Meeting
Perpetual Trustees Australia Limited Annual General Meeting Tuesday 29 October, 2002
Perpetual Trustees Australia — Shareholder Meeting (October 2002) on 6ix