Perpetual Limited · ASX:PPT
Perpetual — Perpetual Trustees Australia — Shareholder Meeting (October 2003)
19 slides from Perpetual's shareholder meeting presentation, Oct 20, 2003
Slide 1: Perpetual Trustees Australia Limited Annual General Meeting 2003
Perpetual Trustees Australia Limited Annual General Meeting 2003
Slide 2: Resolution 1: Receive financial report
Resolution 1 >To receive and consider the financial report of the Company for the year ended 30 June 2003 and the reports of the Directors and Auditors
Slide 3: Growing core revenues
Growing core revenues ($m) Core revenues OAPRL and Fund Services 208.4 dun 99 dun 00 dun 04 Jun 02 dun 03 Financial year ended
Slide 4: Consistent profit growth
Consistent profit growth ($m) OQ EBITDA mPAT* 100.7 60.3 113.6 dun 99 dun OO dun 04 dun 02 * Profit after tax attributable to members, before net gains on.sale of investments dun 03 Financial year ended
Slide 5: Basic EPS
Basic EPS (¢ per share) 199.9 207.1 1474 110.1 86.9 Jun 29 Jun OO dun 01 Jun 02 dun OF 36.6 37.2 378 378 Weighted average nurnber of shares (rm) Financial year ended
Slide 6: Dividends per share
Dividends per share (¢) Special dividends m Normal dividends Jun 99 Jun 00 Jun 01 26.6 372 Weighted average number of shares (rm) Jun 03 378 Financial year ended
Slide 7: Solid financial position
Solid financial position > Net assets: $287.4m > Investments: $102.1m at market value > Net cash holdings: $113.2m > Borrowings equate to 16.7% of equity > Franking credits: $54.8m
Slide 8: Perpetual Investments
Perpetual Investments > Revenues up 10.3% to $146.5m > Excellent researcher ratings and fund performance for Australian equities > Mortgage fund grew strongly to $2.4b > International fund performance improving > New funds launched
Slide 9: Strong retail/masterfund inflows
Strong retail/masterfund inflows FUM ($B) Jun 93, Jun 00 Jun 64 Jun 82 Jun 63 m@ Masterfund @ Retail C1 Institutional
Slide 10: Personal Financial Services
Personal Financial Services > Revenues $65.6m — in line with 2002 > Market values affected revenues and earnings > But gross inflows were solid — $760m > Overall cost base improved for 2004 > Total funds managed — $5.1b
Slide 11: Corporate Trust
Corporate Trust Vv Revenues up 14.5% to $41.9m Securitisation assets up 36% to $71b > Newclients won: SG, Merrill Lynch, Investec, Firstmac, MacLaughlins, Macarthur Cook, James Fielding Vv > Fund governance solutions unit winning new Responsible Entity mandates 10
Slide 12: ASX Perpetual Registrars
ASX Perpetual Registrars > Revenues up 12% to $48.9m, despite subdued markets > EBITDA up 42% to $12.1m > Major new clients: Brambles, Fairfax, Australian Agricultural Co, BHP Steel, Investa, David Jones and Westpac > Well positioned for upturn in corporate actions and IPOs 11
Slide 13: New MD & CEO - David Deverall
New MD & CEO - David Deverall Vv Formerly with Macquarie Bank Strong background in wealth management industry > Experience in product development/innovation and geographic expansion > Combination of strategic ability and commercial drive Vv 12
Slide 14: Commitment to Corporate Governance
Commitment to Corporate Governance > Welcome the ASX Corporate Governance Guidelines > Corporate Responsibility Statement in annual report expanded > Corporate governance changes: — Definition of independence adopted — Nominations Committee established — Discontinued retirement benefits for new dire
Slide 15: Resolution: Receive financial report
Resolution 1 >To receive and consider the financial report of the Company for the year ended 30 June 2003 and the reports of the Directors and Auditors 14
Slide 16: Resolution: Elect Mr Stephen Chapman
Resolution 2 >To Elect a Director - Mr Stephen Chapman retires in accordance with article 15.3 (b) of the Company’s constitution and being eligible, offers himself for re-election 15
Slide 17: Resolution: Elect Mr John Curtis
Resolution 3 >To Elect a Director - Mr John Curtis retires in accordance with article 15.3 (b) of the Company’s constitution and being eligible, offers himself for re-election 16
Slide 18: Resolution: Share and option issue to MD
Resolution 4 > ‘For the purpose of the Australian Stock Exchange Limited Listing Rule 10.14, that approval be given for the issue of ordinary shares in the Company and options to subscribe for ordinary shares in the Company for three years after the date of this meeting to, or on behalf of, Mr David
Slide 19: Resolution: Constitution amendment on takeover bids
Resolution 5 > ‘That the Company's constitution be altered by inserting a new article 9.7 and new schedule 2 relating to proportional takeover bids on the same terms as article 9.7 and schedule 2 of the constitution which applied until 17 October 2003, subject to all references in that article and s
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