Tony Carter - p-airnz.com · Tony Carter Paul Bingham Rob Jager Dame Therese Walsh Sir John Key3
Transcript of Tony Carter - p-airnz.com · Tony Carter Paul Bingham Rob Jager Dame Therese Walsh Sir John Key3
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Tony Carter
Paul Bingham Rob Jager Dame Therese Walsh Sir John Key3
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Meeting agenda
• Chairman’s address
• CEO’s address
• Questions on 2018
performance and 2019
outlook
• Resolutions
• General discussion and
questions4
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Our second-highest result in the airline’s 78-year history
Earnings before taxation
2014 2015 2016 2017 2018
$358M
$474M
$663M
$527M$540M
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$5.5bOperating revenue
2018
financial
highlights $540mEarnings before taxation
$1.0bOperating cash flow
14.5%Pre-tax return on invested
capital6
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$1.3bCash on hand
Balance sheet
remains strong
52.4%Gearing
Baa2Investment grade
credit rating 7
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Delivering strong dividends for our shareholders
Ordinary dividends declared
10 cps
16 cps
20 cps 21 cps 22 cps
2014* 2015 2016* 2017 2018
*Does not include special dividends, which were declared in 2014 (10.0 cents per share) and 2016 (25.0 cents per share)
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2019 Outlook
Based upon current market
conditions and assuming an
average jet fuel price of US$85
per barrel, 2019 underlying
earnings before taxation is
expected to be in the range of
$425 million to $525 million
This excludes an estimated
$30 million to $40 million
impact from schedule changes
prompted by the global Rolls-
Royce engine issues9
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A resilient
business
model
providing
strong results
in all market
conditions
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Reinvesting in
the customer
experience
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ONE MILLIONCUSTOMERS A YEAR TO 2020
ANTICIPATING AN ADDITIONAL
Positive market
dynamics
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DOMESTIC
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ASIA
PACIFIC ISLANDS
NORTH AMERICAEUROPE
SOUTH AMERICA
TASMAN
2019 capacity will increase 4% to 6%
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Our success is linked to the success of New Zealand
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Questions on
2018 performance
and 2019 outlook
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Resolutions
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Proxies and postal votes received(as at 24 September 2018)
Proxy votes Postal votes
Resolution For Against Abstain Discretion For Against Abstain
Resolution 1:349,100,604 11,407,200 2,019,335 583,680,786 1,198,420 20,730 37,393Re-election of
Tony Carter
Resolution 2:360,701,771 3,333 1,819,335 583,683,486 1,177,855 21,653 57,035Re-election of
Rob Jager
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General
discussion
and questions22
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