DOCSLIB.ORG

2016 Annual Report 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2016 Annual Report 2016 INVOCARE LIMITED ANNUAL REPORT 2016 REPORT ANNUAL LIMITED INVOCARE invocare.com.au 2016 Annual Report Contents 1 Performance Highlights 2 Chairman’s Message Our Mission 4 Chief Executive Offi cer’s Review 6 Community Activities “We’re here to support our 8 Management Team clients, their families and 9 Financial Report 10 Director’s Report friends, at a pivotal time in 25 Corporate Governance Statement their lives. We do this by being 30 Remuneration Report 42 Auditor’s Independence Declaration compassionate, exceeding 90 Director’s Declaration expectations and delivering 91 Independent Auditor’s Report 96 Shareholder Information outstanding service.” 97 Glossary 98 InvoCare Locations 100 Corporate Information Performance highlights By continuing an unrelenting focus on key strategies, operating earnings after tax have increased by 11.9% despite a modest 0.3% increase in the number of deaths. Revenue from external customers Operating EBITDA ($ million) ($ million) 2012 368.7 2012 93.0 2013 385.4 2013 95.1 2014 413.0 2014 101.1 2015 436.4 2015 105.4 2016 450.7 2016 112.3 Operating earnings after tax Ordinary dividends per share ($ million) (cents per share) 2012 42.5 2012 34.0 2013 42.5 2013 34.5 2014 46.2 2014 36.5 2015 49.4 2015 38.0 2016 55.2 2016 42.5 Profit after tax attributable to members ($ million) 2012 44.5 2013 48.9 2014 54.5 2015 54.8 2016 70.9 InvoCare Annual Report 2016 | 1 Chairman’s Message Investing to Protect and Grow InvoCare delivered a robust financial result for 2016 through an unrelenting focus on its proven business strategy. InvoCare’s operational strategy has to the market its Protect and Grow who has been on the Board since 2003 enabled the Company to continue to programme to be implemented over the resigned in February 2017. On behalf of all grow in 2016 and to deliver a strong set of next four years. The approximately $200 shareholders and the Board, I would like financial results. This has contributed to million programme of works is focussed to pay tribute to Tina’s commitment and total shareholder returns (price movement on investing in our existing assets in core her passionate focus on the development plus cash dividends) since the initial public markets to set the business up for profitable of InvoCare since 2003. Her positive offering in late 2003 remaining above 20% growth over the next 10 to 15 years. The contributions and good humour will compound annual growth. programme is structured to enable the be missed. Company to continue to achieve its primary Operating earnings after tax grew by 11.9% financial objective of delivering year on year On behalf of the Board and all shareholders to $55.2 million. The key drivers of this operating EPS growth of 10%, with stretch I would like to express our appreciation to growth were a continued focus on case targets of 12% and beyond, whilst also the InvoCare team for delivering another average and efficient operations, together delivering historic levels of return on capital. strong set of financial results, whilst with gains in the cost of debt following ensuring that they also continue to provide refinancing. The result was achieved despite The focus of the program is threefold: the highest levels of customer service. a lower than expected level of demand and Over and above their commitment to a small decline in market share. • Network and Brand Optimisation – the Company’s day to day operations, delivering the right product to the our people’s involvement with the local Statutory profit after tax increased by $16.1 customer, in the right locations at the community is impressive. The Board million (to $70.9 million). This result includes right price; commends their professionalism and asset sale gains, impairment charges and • People and Culture – greater focus on dedication, as well as their sense of the non-cash impact of movements in vocation and purpose. the value of funds under management for entrepreneurial ethos by encouraging prepaid contracts. The gains on prepaid local leadership; I would also like to express the Board’s funds under management resulted from the • Operational Efficiencies – capture thanks to the Company’s shareholders revaluation, by the independent trustees, operational benefits of scale and for their continued support. That support of property investments in the Sydney standardise quality of service provision. is important as we guide and encourage market. Gains of this nature are cyclical and InvoCare’s executive leadership in the InvoCare remains focused on long term The programme will be debt funded, but the delivery of both the financial results to returns and the appropriate management of Board and management have implemented shareholders, and equally importantly, risk for these funds. guidelines to ensure the maintenance of care, understanding and support to the a strong and conservative balance sheet Company’s customers. The operating EBITDA to cash conversion and a shadow investment grade rating. ratio of 104% led the Board to approve a More detail on the funding will be disclosed fully franked final dividend of 25.5 cents in the third quarter of this year following per share. Total dividends for the year the finalisation of Management’s work to amounted to 42.5 cents per share, an determine the optimal approach. increase of 11.8% on 2015. The dividend payout ratio is 85% (2015: 85%) of operating Board renewal has continued and we Richard Fisher earnings after tax for 2016. welcome Robyn Stubbs to the Board with Chairman effect from 1 January 2017. Tina Clifton In February 2017, InvoCare announced 2 Operating earnings after tax Dividends Cash conversion ratio 11.9% 11.8% 104% Operating earnings Dividends for the year Strong cash conversion after tax increased to increased to 42.5 cents ratio with 104% of $55 million per share operating EBITDA converted to cash Five-year Financials $’000 2016 2015 2014 2013 2012 Revenue from external customers 450,659 436,371 413,011 385,352 368,652 Operating EBITDA 112,279 105,426 101,082 95,072 93,026 Operating EBITDA margin 24.9% 24.2% 24.5% 24.7% 25.2% Operating earnings after tax 55,233 49,366 46,192 42,498 42,479 Operating earnings per share (cents) 50.4 45.1 42.2 38.9 38.8 Profit after tax attributable to members 70,949 54,844 54,515 48,869 44,479 Earnings per share (cents) 64.7 50.1 49.8 44.7 40.6 Dividend paid in respect of the financial year (cents) 42.50 38.00 36.50 34.50 34.00 Ungeared, tax free operating cash flow 117,023 102,618 104,721 105,170 86,416 Proportion of EBITDA converted to cash 104% 97% 104% 111% 93% Actual capital expenditure 30,321 22,035 26,665 19,264 18,412 Net Debt 222,927 222,093 218,862 215,057 217,136 Operating EBITDA / Net interest (times) 10.7 8.8 8.0 6.8 6.7 Net debt / EBITDA (times) 2.0 2.1 2.2 2.3 2.3 Funeral homes (number) 225 231 234 237 232 Cemeteries and crematoria (number) 16 16 14 14 14 Employees (full time equivalents) 1,566 1,557 1,532 1,470 1,470 Prepaid contract sales per 100 redemptions 142 115 108 115 116 Operating earnings after tax excludes the net gain/(loss) on undelivered prepaid contracts, gain/(loss) on sale, disposal or impairment of non-current assets and non-controlling interests. InvoCare Annual Report 2016 | 3 Chief Executive Officer’s Review Investing Martin Earp in long term Chief Executive Officer value creation through the Protect and Grow programme In 2016 the business delivered a strong set of financial results and funded the preparatory work required to announce its $200 million Protect and Grow investment strategy. This programme of work was announced in February 2017 and will be rolled out over the next four years in order to deliver long term sustainable value for shareholders for the next 10 to 15 years. Summary of 2016 New Zealand InvoCare delivered strong results for financial year 2016, despite This business had a difficult year, driven in part by a decline of 2.8% lower than expected deaths in our markets and a decline in market in the number of deaths. This, combined with some market share share. Reported profit increased 29.4% ($70.9 million), operating reduction, saw sales decline by 1.2%. Careful cost control, along earnings increased by 11.9% ($55.2 million) and operating EBITDA with improved performance from the Christchurch memorial parks, increased by 6.5% ($122.3 million). mitigated the impact and overall operating EBITDA increased by 2.4% (NZ$9.6 million). Australia The small size of the market (5,578 InvoCare cases in 2016) means In Australia, the highlight of the result was the improvement in the it will always be more volatile than Australia, but management Cemeteries and Crematoria division. Despite a reduction in case is focused on increasing market share and case average, whilst volume of 2.3%, the division was able to increase sales by 10.1%. positioning the cost base to better accommodate fluctuations This was driven by a change in organisational structure in 2015 and in demand. a concerted effort to improve collaboration and accountability. The focus on culture, as well as targeting higher value memorialisation USA opportunities, has driven the improvement in performance. An increased focus on volume resulted in sales improving 60% and The funeral business experienced lower than anticipated demand, an EBITDA improvement of 19.8% (loss US$2.3 million).
Load more

Recommended publications
  • Invocare Limited and Controlled Entities
    InvoCare Limited and Controlled Entities ABN: 42 096 437 393 Interim financial report For the half-year ended 30 June 2019 InvoCare Limited and Controlled Entities Directors’ report Your directors present their report on the consolidated entity consisting of InvoCare Limited and the entities it controlled at the end of, or during, the half-year ended 30 June 2019. Directors The persons who were directors of InvoCare Limited during the entire half-year period and until the date of this report are as below: Bart Vogel (Chairman) Martin Earp (Chief Executive Officer) Richard Davis Robyn Stubbs Keith Skinner Jackie McArthur Megan Quinn Dividends The directors have determined a fully franked interim dividend of 17.5 cents per share (2018: 17.5 cents per share fully franked) which will be paid on 4 October 2019. For the 2019 interim dividend, it is intended that the required shares will be issued at a discount of 2% to the market price. Any shortfall in DRP take-up will not be underwritten. The market price will be calculated as the weighted average market price of trading in shares in the Company during the first ten (10) trading days after (but not including) the DRP Election date, 7 September 2019. Page 2 of 37 InvoCare Limited and Controlled Entities Directors’ report continued Operating and Financial Review 2019 2018 Change Result highlights: Half-Year $'000 $'000 $'000 Operating Sales Revenue (i) 241,493 225,675 15,818 7.0% Other revenue (i) 1,836 977 859 87.9% Operating expenses (i) (180,497) (172,923) (7,574) (4.4%) Operating EBITDA
    [Show full text]
  • Industry Associations & ASX Companies
    Industry Associations, ASX Companies, Shareholder Interests and Lobbying CONTENTS About the Authors ........................................................................................................................ 3 ACCR ............................................................................................................................................ 3 About ISS-caer ............................................................................................................................. 3 About the Report .......................................................................................................................... 4 Foreword ...................................................................................................................................... 4 Introduction .................................................................................................................................. 5 Report Structure .......................................................................................................................... 6 PART 1 - Background ................................................................................................................... 8 What is an Industry Association? .............................................................................................. 8 Advantages and Disadvantages of Belonging to an Industry Association ........................... 10 Australian Legislation and Regulations Covering Industry Associations ............................. 11
    [Show full text]
  • Socially Conscious Australian Equity Holdings
    Socially Conscious Australian Equity Holdings As at 30 June 2021 Country of Company domicile Weight COMMONWEALTH BANK OF AUSTRALIA AUSTRALIA 10.56% CSL LTD AUSTRALIA 8.46% AUST AND NZ BANKING GROUP AUSTRALIA 5.68% NATIONAL AUSTRALIA BANK LTD AUSTRALIA 5.32% WESTPAC BANKING CORP AUSTRALIA 5.08% TELSTRA CORP LTD AUSTRALIA 3.31% WOOLWORTHS GROUP LTD AUSTRALIA 2.93% FORTESCUE METALS GROUP LTD AUSTRALIA 2.80% TRANSURBAN GROUP AUSTRALIA 2.55% GOODMAN GROUP AUSTRALIA 2.34% WESFARMERS LTD AUSTRALIA 2.29% BRAMBLES LTD AUSTRALIA 1.85% COLES GROUP LTD AUSTRALIA 1.80% SUNCORP GROUP LTD AUSTRALIA 1.62% MACQUARIE GROUP LTD AUSTRALIA 1.54% JAMES HARDIE INDUSTRIES IRELAND 1.51% NEWCREST MINING LTD AUSTRALIA 1.45% SONIC HEALTHCARE LTD AUSTRALIA 1.44% MIRVAC GROUP AUSTRALIA 1.43% MAGELLAN FINANCIAL GROUP LTD AUSTRALIA 1.13% STOCKLAND AUSTRALIA 1.11% DEXUS AUSTRALIA 1.11% COMPUTERSHARE LTD AUSTRALIA 1.09% AMCOR PLC AUSTRALIA 1.02% ILUKA RESOURCES LTD AUSTRALIA 1.01% XERO LTD NEW ZEALAND 0.97% WISETECH GLOBAL LTD AUSTRALIA 0.92% SEEK LTD AUSTRALIA 0.88% SYDNEY AIRPORT AUSTRALIA 0.83% NINE ENTERTAINMENT CO HOLDINGS LIMITED AUSTRALIA 0.82% EAGERS AUTOMOTIVE LTD AUSTRALIA 0.82% RELIANCE WORLDWIDE CORP LTD UNITED STATES 0.80% SANDFIRE RESOURCES LTD AUSTRALIA 0.79% AFTERPAY LTD AUSTRALIA 0.79% CHARTER HALL GROUP AUSTRALIA 0.79% SCENTRE GROUP AUSTRALIA 0.79% ORORA LTD AUSTRALIA 0.75% ANSELL LTD AUSTRALIA 0.75% OZ MINERALS LTD AUSTRALIA 0.74% IGO LTD AUSTRALIA 0.71% GPT GROUP AUSTRALIA 0.69% Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) the trustee of Aware Super (ABN 53 226 460 365).
    [Show full text]
  • Australian Equities Lending Margins Effective 21 April 2021
    Australian Equities Lending Margins Effective 21 April 2021 Stock ASX Margin Stock ASX Margin Stock ASX Margin Code Rate Code Rate Code Rate A2B Australia A2B 40% AusNet Services AST 70% Costa Group Holdings CGC 60% The A2 Milk Company A2M 65% ASX ASX 75% Challenger Financial Australian Agricultural Company AAC 55% AUB Group AUB 50% Services Group CGF 70% Adelaide Brighton ABC 70% Australian United Challenger Capital Notes CGFPA 60% Abacus Property Group ABP 60% Investment Company AUI 70% Challenger Capital Notes 2 CGFPB 60% Audinate Group AD8 40% Aventus Retail Property Group AVN 50% Challenger Capital Notes 3 CGFPC 60% Adairs ADH 40% Alumina AWC 70% Charter Hall Group CHC 70% APN Industria REIT ADI 40% Accent Group AX1 40% Champion Iron CIA 50% Australian Ethical Amaysim Australia AYS 40% Cimic Group CIM 70% Investment Limited AEF 40% Aurizon Holdings AZJ 75% Carlton Investments CIN 50% Australian Foundation Bapcor BAP 60% Centuria Industrial REIT CIP 60% Investment Company AFI 75% Baby Bunting Group BBN 40% Collins Foods CKF 50% Ainsworth Game Technology AGI 40% Bendigo & Adelaide Bank BEN 70% Class CL1 40% AGL Energy AGL 75% Bendigo & Adelaide Bank BENHB 65% Clean Teq Holdings CLQ 40% AGL Energy USFDS AGLHA 75% Bendigo & Adelaide Bank CPS BENPE 65% Clover Corporation CLV 40% Automotive Holdings Group AHG 55% Bendigo & Adelaide Bank CPS BENPF 65% Charter Hall Long Wale REIT CLW 60% Asaleo Care AHY 50% Bendigo & Adelaide Bank CPS BENPG 65% Centuria Metropolitan REIT CMA 50% Auckland International Airport AIA 70% Bell Financial Group
    [Show full text]
  • 2014 Annual Report Leighton Holdings Limited Abn 57 004 482 982
    www.leighton.com.au @LeightonGroup 2014 ANNUAL REPORT LEIGHTON HOLDINGS LIMITED ABN 57 004 482 982 construction l mining l engineering l ppps Leighton Holdings Limited Annual Report 2014 2014 Annual Report CONTENTS Section Page Executive Chairman and CEO’s Review 2 Directors’ Report 4 Operating and Financial Review 12 Remuneration Report 27 Financial Report 44 Shareholdings 150 Shareholder information 152 Glossary 153 In this Annual Report a reference to ‘Group’, ‘we’, ‘us’ or ‘our’ is a reference to Leighton Holdings Limited ABN 57 004 482 982 and the entities that it controls unless otherwise stated. The Leighton Holdings corporate governance statement is available on our website, in the section titled Board and Governance (www.leighton.com.au/our-approach/board-and-governance/corporate-governance-approach). 1 Leighton Holdings Limited Annual Report 2014 Executive Chairman and CEO’s Review Dear Shareholders, As the Leighton Holdings Executive Chairman and CEO, I am proud to provide you with this review of the Leighton Group’s progress during 2014. STRATEGIC REVIEW 2014 marked the commencement of the transformation of the Leighton Group. We began a significant restructure, making progress on the objectives we set in June 2014 of strengthening the balance sheet, streamlining our operating model, and improving project delivery. Our achievements included establishing dedicated, streamlined and efficient businesses focused on contract mining, construction, public private partnerships, and engineering. We also produced a sustainable reduction in overheads, divested John Holland and established a 50:50 investment partnership for the Services operations of Leighton Contractors and Thiess. The John Holland divestment and Services partnership are subject to customary approvals including from the Foreign Investment Review Board.
    [Show full text]
  • FTSE World Asia Pacific
    2 FTSE Russell Publications 19 August 2021 FTSE World Asia Pacific Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) a2 Milk 0.04 NEW Asustek Computer Inc 0.1 TAIWAN Cheil Worldwide 0.02 KOREA ZEALAND ASX 0.12 AUSTRALIA Cheng Shin Rubber Industry 0.03 TAIWAN AAC Technologies Holdings 0.05 HONG KONG Atlas Arteria 0.05 AUSTRALIA Chiba Bank 0.04 JAPAN ABC-Mart 0.02 JAPAN AU Optronics 0.08 TAIWAN Chicony Electronics 0.02 TAIWAN Accton Technology 0.07 TAIWAN Auckland International Airport 0.06 NEW China Airlines 0.02 TAIWAN Acer 0.03 TAIWAN ZEALAND China Development Financial Holdings 0.07 TAIWAN Acom 0.02 JAPAN Aurizon Holdings 0.05 AUSTRALIA China Life Insurance 0.02 TAIWAN Activia Properties 0.03 JAPAN Ausnet Services 0.03 AUSTRALIA China Motor 0.01 TAIWAN ADBRI 0.01 AUSTRALIA Australia & New Zealand Banking Group 0.64 AUSTRALIA China Steel 0.19 TAIWAN Advance Residence Investment 0.05 JAPAN Axiata Group Bhd 0.04 MALAYSIA China Travel International Investment <0.005 HONG KONG ADVANCED INFO SERVICE 0.06 THAILAND Azbil Corp. 0.06 JAPAN Hong Kong Advantech 0.05 TAIWAN B.Grimm Power 0.01 THAILAND Chow Tai Fook Jewellery Group 0.04 HONG KONG Advantest Corp 0.19 JAPAN Bandai Namco Holdings 0.14 JAPAN Chubu Elec Power 0.09 JAPAN Aeon 0.2 JAPAN Bangkok Bank (F) 0.02 THAILAND Chugai Seiyaku 0.27 JAPAN AEON Financial Service 0.01 JAPAN Bangkok Bank PCL (NVDR) 0.01 THAILAND Chugoku Bank 0.01 JAPAN Aeon Mall 0.02 JAPAN Bangkok Dusit Medical Services PCL 0.07 THAILAND Chugoku Electric Power 0.03 JAPAN Afterpay Touch Group 0.21 AUSTRALIA Bangkok Expressway and Metro 0.02 THAILAND Chunghwa Telecom 0.17 TAIWAN AGC 0.08 JAPAN Bangkok Life Assurance PCL 0.01 THAILAND CIMB Group Holdings 0.08 MALAYSIA AGL Energy 0.04 AUSTRALIA Bank of East Asia 0.03 HONG KONG CIMIC Group 0.01 AUSTRALIA AIA Group Ltd.
    [Show full text]
  • Quarterly Investment Update Antares High Growth Shares Fund – June 2021
    Quarterly Investment Update Antares High Growth Shares Fund – June 2021 For adviser use only Highlights for the quarter Performance: The Fund returned 9.6% (net of fees) for the June quarter, outperforming its benchmark by 1.3%. Contributors to performance: Positive contributors – Aristocrat Leisure, Telix Pharmaceuticals, Megaport, Boral, Woodside (not owned); Negative contributors – Incitec Pivot, Qantas, ANZ, Resmed (not owned) and Altium (not owned). Stock activity: Buys/additions – Ansell, Downer and TPG Telecom ; Sells/reductions – BlueScope Steel, Boral, Endeavour Group and Worley Fund snapshot Inception date 7 December 1999 Benchmark S&P/ASX 200 Total Return Index To outperform the benchmark (after fees) over rolling Investment objective 5-year periods Investment returns as at 30 June 20211 Period 3 months 1 year 3 years pa 5 years pa 10 years pa Since inception pa Net return2 % 9.6 39.9 9.2 12.6 10.0 11.0 Gross return3 % 9.9 41.9 10.5 13.9 11.2 12.5 Benchmark return % 8.3 27.8 9.6 11.2 9.3 8.5 Net excess return % 1.3 12.1 -0.4 1.4 0.7 2.5 Gross excess return % 1.6 14.1 0.9 2.7 1.9 4.0 1 Past performance is not a reliable indicator of future performance. Returns are not guaranteed and actual returns may vary from any target returns described in this document. 2 Investment returns are based on exit prices, and are net of management fees and assume reinvestment of all distributions. Contributors to performance Pleasingly the Fund enjoyed another strong quarter, returning 9.6% (net of fees) vs the benchmark return of 8.3%.
    [Show full text]
  • Inverell Business & Retail Guide
    INVERELL BUSINESS & RETAIL GUIDE 2021 1 | P a g e Accommodation: Animal Services: Commercial Businesses & Page 4 Page 5 Services: Page 6 Food & Beverages: Hair & Beauty: Industrial & Manufacturing Services: Page 11 Page 14 Page 16 Retail: Trades: Transport: Page 20 Page 27 Page 29 2 | P a g e Other Services: Index: Page 30 Page 31 3 | P a g e ACCOMMODATION Apartments & Cottages Rumbalara Cottage 14 Kookaburra Lane, Inverell 2360 0427 467 949 Triggervale Guesthouse Old Bundarra Road, Inverell 2360 0408 236 601 Bed & Breakfast Blair Athol Estate 37 Blair Athol Road, Inverell 2360 6722 4288 Killarney Cottage 114 Hough’s Lane, Gum Flat, 2360 0458 924 164 Caravan Parks & Campgrounds Ashford Caravan Park Bukkulla Street, Ashford 2361 6725 4268 Copeton Northern Foreshores 1873 Auburn Vale Road, Inverell 2360 6723 0250 Fossickers Rest Caravan Park Lot 3 Lake Inverell Drive, Inverell 2360 6722 2261 Inverell Caravan Park 21 Glen Innes Road, Inverell 2360 6722 3036 Pindari Dam Pindari Dam Road, Pindari 2361 6725 4014 Reflections Holiday Park Copeton Waters 3533 Copeton Dam Road, Copeton 2360 6723 6269 Sapphire City Caravan Park 93 – 103 Moore Street, Inverell 2360 6722 1830 Hotels Australian Hotel 81 – 87 Byron Street, Inverell 2360 6722 1611 Imperial Hotel 39 Byron Street, Inverell 2360 6722 1511 Royal Hotel/Motel 260 Byron Street, Inverell 2360 6722 2811 Motels Cousins Motor Inn 9 – 11 Glen Innes Road, Inverell 2360 6722 3566 Inverell Motel 49 – 59 Otho Street, Inverell 2360 6722 2077 Inverell Terrace Motor Lodge 28 Warialda Road, Inverell 2360
    [Show full text]
  • Stoxx® Pacific Total Market Index
    STOXX® PACIFIC TOTAL MARKET INDEX Components1 Company Supersector Country Weight (%) CSL Ltd. Health Care AU 7.79 Commonwealth Bank of Australia Banks AU 7.24 BHP GROUP LTD. Basic Resources AU 6.14 Westpac Banking Corp. Banks AU 3.91 National Australia Bank Ltd. Banks AU 3.28 Australia & New Zealand Bankin Banks AU 3.17 Wesfarmers Ltd. Retail AU 2.91 WOOLWORTHS GROUP Retail AU 2.75 Macquarie Group Ltd. Financial Services AU 2.57 Transurban Group Industrial Goods & Services AU 2.47 Telstra Corp. Ltd. Telecommunications AU 2.26 Rio Tinto Ltd. Basic Resources AU 2.13 Goodman Group Real Estate AU 1.51 Fortescue Metals Group Ltd. Basic Resources AU 1.39 Newcrest Mining Ltd. Basic Resources AU 1.37 Woodside Petroleum Ltd. Oil & Gas AU 1.23 Coles Group Retail AU 1.19 Aristocrat Leisure Ltd. Travel & Leisure AU 1.02 Brambles Ltd. Industrial Goods & Services AU 1.01 ASX Ltd. Financial Services AU 0.99 FISHER & PAYKEL HLTHCR. Health Care NZ 0.92 AMCOR Industrial Goods & Services AU 0.91 A2 MILK Food & Beverage NZ 0.84 Insurance Australia Group Ltd. Insurance AU 0.82 Sonic Healthcare Ltd. Health Care AU 0.82 SYDNEY AIRPORT Industrial Goods & Services AU 0.81 AFTERPAY Financial Services AU 0.78 SUNCORP GROUP LTD. Insurance AU 0.71 QBE Insurance Group Ltd. Insurance AU 0.70 SCENTRE GROUP Real Estate AU 0.69 AUSTRALIAN PIPELINE Oil & Gas AU 0.68 Cochlear Ltd. Health Care AU 0.67 AGL Energy Ltd. Utilities AU 0.66 DEXUS Real Estate AU 0.66 Origin Energy Ltd.
    [Show full text]
  • ESG Reporting by the ASX200
    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
    [Show full text]
  • Business Leadership: the Catalyst for Accelerating Change
    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
    [Show full text]
  • Notice of 2018 Annual General Meeting and 2018 Annual Report
    17 October 2018 ASX Announcement Notice of 2018 Annual General Meeting and 2018 Annual Report Attached below are Qube’s: . Notice of 2018 Annual General Meeting (including proxy form); and . 2018 Annual Report. Adam Jacobs Company Secretary A AUSTRALIA’S LEADING INTEGRATED LOGISTICS SOLUTIONS PROVIDER QUBE HOLDINGS LIMITED NOTICE OF 2018 ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of members of Qube Holdings Limited (Company) will be held at Level 15, PricewaterhouseCoopers (PwC), One International Towers Sydney, Watermans Quay, Barangaroo, Sydney on Thursday, 22 November 2018 at 10:30am (Sydney time). QUBE HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING 2018 1 ITEMS OF BUSINESS FINANCIAL STATEMENTS AND REPORTS 4. Approval of FY19 award of SARs under the Qube Long Term Incentive (SAR) Plan to Maurice James To receive and consider the financial report of the Company To consider, and if thought fit, to pass the following Resolution and the reports of the Directors and Auditor for the year ended as an Ordinary Resolution: 30 June 2018. “That, for the purposes of ASX Listing Rule 10.14 and for all Note: there is no requirement for Shareholders to approve other purposes, the award of 4,248,300 SARs to Maurice James these reports. in accordance with the terms of the Qube Long Term Incentive (SAR) Plan and otherwise on the terms and conditions set out RESOLUTIONS in the Explanatory Memorandum be approved.” 1. Re-election of Sam Kaplan Notes: To consider and, if thought fit, to pass the following Resolution (a) This Resolution is subject to voting exclusions as outlined as an Ordinary Resolution: in the notes accompanying this Notice of Meeting.
    [Show full text]