Tui Ag · XETR:TUI1
Tui — Shareholder Meeting (2016)
14 slides from Tui's shareholder meeting presentation, Aug 18, 2016
Slide 1: TUI Group Annual General Meeting 2016
TUI GROUP Annual General Meeting 2016 Horst Baier – CFO
Slide 2: Highlights financial year 2014/15
Highlights financial year 2014/15 • Turnover growth driven by increase in customer numbers and higher average revenues Highlights • Considerable improvement in underlying earnings, earnings guidance was FY 2014/15 outperformed • Group profit benefits from simplified Group structure and tax synergies
Slide 3: Income statement 2014/15
Income statement 2014/15 In €m 2014/15 2013/14 Turnover 20,012 18,537 E BITA (underlying ) 1,069 870 Operating profitability further improved, considerable A djus tments -204 -93 growth in EBITA (underlying) E BITA 865 777 Interes t res ult -184 -224 Considerable increase in reported EBITA despite H
Slide 4: Adjustments
Adjustments Increase in one-off expenses to around €204m in financial year 2014/15, in particular due to non-repeat of income included in prior year results and merger- related integration costs 27 TUI AG | Annual General Meeting 2016
Slide 5: Income statement 2014/15
Income statement 2014/15 Further improvement in operating profitability, major increase in EBITA (underlying) Major increase in reported EBITA despite merger- related increase in one-off expenses Major improvement in the result from continuing operations due to improved operating performance, lower
Slide 6: Financial position as at Sep. 2015
Financial position as at 30 Sep. 2015 Assets Liabilities in €m In €m +1% 14,087 14,007 14,087 14,007 Cash and cash equiv. 1,673 2,258 Current assets 2,800 7,164 Other liabilities 2,757 7,426 Non-current assets 9,614 8,992 1,886 1,966 Financial debt 2,357 2,347 Provisions o/w goodwill (3,220) (3,136)
Slide 7: Net debt as at September 2015
Net debt as at 30 September 2015 €m Net debt TUI Group (€m) €-2.1bn 2.287 817 178 68 214 (293) 09/2010 09/2011 09/2012 09/2013 09/2014 09/2015 • Significant reduction of €2.1bn in TUI Group debt in the past six years • Slight increase in TUI Group debt in the financial year under reivew, primarily d
Slide 8: Dividend proposal for financial year 2014/15
Dividend proposal for financial year 2014/15 Underlying EBITA (in €m) Dividend calculation (in €) +23%* ,1,069 0.56 870 0.45 0.05 0.07 Pro forma 10% Better operating Dividend 2013/14 2014/15 dividend bonus performance proposal 2013/14 2014/15 * 15% improvement on a constant currency basis Proposed d
Slide 9: Highlights Q1 2015/16
Highlights Q1 2015/16 In €m Q1 2015/16 Q1 2014/15 Var. in % Brand turnover 4,357 4,076 +7% Turnover 3,718 3,526 +5% EBITA (underlying) -102 -105 +3% EBITA -138 -141 +2% Group loss -164 -136 -21% Net debt (30 Sep) 1,876 1,632 +15% Earnings per share EPS (€) -0.32 -0.32 • Good start to financial year
Slide 10: Operating performance in Q1 2015/16
Operating performance in Q1 2015/16 Source Markets Highlights in €m • Northern Region delivers strong improvement in 2015/16 2014/15 performance • Continued challenging trading conditions in Central Region -82 -78 • Western Region impacted by phasing of marketing costs for TUI rebranding in the Neth
Slide 11: Operating performance in Q1 2015/16
Operating performance in Q1 2015/16 Cruises Highlights in €m • Good performance by Hapag-Lloyd Cruises, lower 2015/16 2014/15 capacity in Q1 due to scheduled dry-docking of Europa and Hanseatic 8 2 • TUI Cruises: Strong demand for Mein Schiff 4 (launched in May 2015) Specialist Travel Highlights In
Slide 12: Our targets for financial year 2015/16
Our targets for financial year 2015/16 Actual FY 2014/15 Growth target FY 2015/16 (on a constant currency basis) Brand turnover: €22.6bn min. +5% Turnover: €20.0bn min. +3% EBITA (underlying): €1.1bn* min. +10% * Continuing operations 35 TUI AG | Annual General Meeting 2016
Slide 13: Agenda items 6 to 9
Agenda items 6 to 9 ITEMS: Resolutions on authorisation to increase the share capital (ITEM 6), new authorised capital (ITEM 7), authorisation to issue bonds (ITEM 8) and authorisation to acquire and use own shares (ITEM 9) The Executive Board and Supervisory Board ask you for your approval of Items
Slide 14: TUI Group Annual General Meeting 2016
TUI GROUP Annual General Meeting 2016