Staging Connections Group Limited Annual General Meeting.

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Presentation transcript:

Staging Connections Group Limited Annual General Meeting

Annual General Meeting Disclaimer The information in this presentation is general in nature only and does not constitute a comprehensive review of Staging Connections Group Limited. Before making any decision regarding an existing or new investment in Staging Connections Group Limited, the investor or prospective investor should consider all information made available by the company to the market and whether such an investment is appropriate to their particular investments needs, objectives and financial circumstances.

Annual General Meeting Introduction Directors John Churchill (retiring Chairman) Tony Chamberlain, Chief Executive Officer John Murphy Greg Robertson Bryan Waters (Chairman elect) Jeff Watson, Chief Financial Officer and Company Secretary

Annual General Meeting Presentation of Annual Report and Notice of Meeting Annual Report Notice of Meeting

Annual General Meeting Chairman’s Address

Annual General Meeting Chairman’s Address FY09 hard but productive Volatile conditions made it difficult to predict impact on businesses Results are disappointing but should be seen in context of these tough conditions Board decided prudent not to declare a dividend for FY09 Significant work undertaken to Fix the Foundation and stabilise business and focus on core offering, strengthen balance sheet and reduce debt Renewal of leadership team under CEO Tony Chamberlain Progress made to rationalise operations, the completion of rights issue, renewal of contracts and acceleration of three year business strategy Strengthened to take full advantage of any uplift in business activity Bryan Waters to succeed as Chairman

Annual General Meeting CEO’s Address

Annual General Meeting - CEO’s Address Who we are 03

Annual General Meeting - CEO’s Address Our Market 03 RevPAR trend June 2007 – June 2009

10 Financial Overview – Continuing Operations Revenue $185.4 [2008: $187.0m] EBITDA $19.4m [2008: $23.0m] EBITA $4.2m [2008: $9.3m] NPAT $(30.0)m [2008 $(4.1)m] Result was significantly impacted by one off costs 2009 Annual General Meeting - CEO’s Address Financial Overview 03

Annual General Meeting - CEO’s Address Financial Overview

12 Financial Overview – one-off costs impacting results Variance EBITA4.29.3(5.1) Goodwill impairment(16.3)(3.0)(13.3) Tax (2.3)(0.4)(1.9) Essential Lighting - loss on sale(3.7)0.7(4.4) Interest(7.5)(6.4)(1.1) Amortisation(1.8)(1.5)(0.3) Minority interest(2.6)(2.8)0.2 NPAT(30.0)(4.1)(25.9) 2009 Annual General Meeting - CEO’s Address Financial Overview 03

Annual General Meeting - CEO’s Address Financial Overview 03

Annual General Meeting - CEO’s Address Financial Overview 03

15 Financial Summary - ANZPACStaging Connections Revenue $114.0m EBITDA $16.2m EBITA $6.2m Re-contracted 10 partner venues and secured 3 new venues Segment results normalized to include ANZPAC HO Costs 2009 Annual General Meeting - CEO’s Address Financial Overview 03

Annual General Meeting - CEO’s Address Financial Overview 03 Bytecraft Entertainment Lighting services for major events, concerts, theatrical productions LED superscreen hire and sales

Annual General Meeting - CEO’s Address Financial Overview 03 Exhibitions & Trade Fairs Delivered 23 exhibitions in FY09 Won the World Gas Conference and Exhibition in 2012

Annual General Meeting - CEO’s Address Financial Overview 03 Financial Summary - ASIASingapore Revenue $51.2m EBITDA $5.0m EBITA $3.9m Large scale produced events Event Agency of Year ASIA – Segment results have been normalized

Annual General Meeting - CEO’s Address Financial Overview 03 China Events relating to Beijing Olympics Contracted Hilton Shanghai, re-signed Shangri-la Beijing, appointed PSA at Marriott North East Beijing

Annual General Meeting - CEO’s Address Financial Overview 03 Financial Summary – EMEADubai Revenue $18.8m EBITDA $6.9m EBITA $5.1m Atlantis The Palm Jumeriah – signed venue partnership and official opening services Ongoing negotiations with leading UAE hotels Specialised event services for major events Segment results normalized to exclude Essential Lighting

Annual General Meeting - CEO’s Address Business Review 03 Fix the Foundation business strategy introduced to stabilise and strengthen business

Annual General Meeting - CEO’s Address Business Review 03

Annual General Meeting - CEO’s Address Business Review

Annual General Meeting - CEO’s Address Business Review 03

Annual General Meeting - CEO’s Address Business Review 03

Annual General Meeting - CEO’s Address Business Review

Annual General Meeting - CEO’s Address Business Review

Annual General Meeting - CEO’s Address Summary day in and day out …our people deliver every event the best it can be

Staging Connections Group Limited Annual General Meeting

30 Receive Financial Statements and Reports In accordance with the Corporations Act 2001 the Company presents its audited financial statements and reports as contained in the Annual Report 2009 Annual General Meeting Ordinary Resolution – Agenda Item 1 04

Annual General Meeting Question Time 04

Annual General Meeting Items of Business 04

33 Non Binding Resolution: Adopt the Remuneration Report In accordance with the Corporations Act 2001 the Company presents its Remuneration Report as contained in the Annual Report 2009 Annual General Meeting Ordinary Resolution – Agenda Item 2 04

34 Resolution: To elect a director To elect a director, John Murphy, a Director who retires by rotation in accordance with Rule 117 of the Constitution of the Company and, being eligible, offers himself for re-election Annual General Meeting Ordinary Resolution – Agenda Item 3 04

35 Resolution: Approval of an offer of options to CEO, Tony Chamberlain To approve an offer of options to the CEO, Tony Chamberlain under the Staging Connections Group Options and Performance Shares Plan 2009 Annual General Meeting Special Business – Agenda Item 4 04

Annual General Meeting Address by incoming Chairman Bryan Waters 04

37 04 Incoming Chairman’s Address Appreciation to fellow directors for the confidence shown in electing me as STG Chairman Committed to do utmost to address and meet needs and interests of shareholders The impact of the global financial crisis significantly impacted business Board initiated a comprehensive review of the business resulting in project CONNECT “building the foundation for future success” Strategy brings sharper focus and growth in new sales and improved profitability CONNECT covers range of customer focused initiatives Results are encouraging and will help rebuild the profitability of the business Board committed to ensure CONNECT is implemented to achieve stated objectives Committed to further reducing debt and achieving a return to satisfactory earnings Thank you to retiring chairman; John Churchill 2009 Annual General Meeting Address by incoming Chairman Bryan Waters

Staging Connections Group Limited Annual General Meeting