DOCSLIB.ORG

Carsales.Com Limited ABN 91 074 444 018 Registered Office: Level 4, 449 Punt Road, Richmond, Victoria, 3121

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Carsales.Com Limited ABN 91 074 444 018 Registered Office: Level 4, 449 Punt Road, Richmond, Victoria, 3121 carsales.com Limited ABN 91 074 444 018 Registered Office: Level 4, 449 Punt Road, Richmond, Victoria, 3121 Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting (“AGM”) of the Shareholders of carsales.com Limited (“Carsales” or “Company”) will be held virtually on 30 October 2020 at 12 noon. Virtual Participation To facilitate the participation of Shareholders in this AGM, the Company has in place an online platform provided by Lumi to allow Shareholders to participate in the AGM virtually. For detailed steps on how to participate in the AGM virtually, please refer to the Online Meeting Guide available at http://shareholder.carsales.com.au. The AGM will be webcast live from the website at https://web.lumiagm.com/355186713. If you choose to participate online you will be able to view the live webcast of the meeting, ask the meeting questions (through a chat functionality) and submit your votes in real time. Even if you are planning on participating in the meeting in real time, we encourage you to submit a proxy and any questions you may have online ahead of the AGM to avoid any technical issues that may occur on the day. This can be done online through the https://www.investorvote.com.au website. Further updates (if any) on this Notice of Meeting that may be necessary in view of the COVID-19 Pandemic will be disseminated through the ASX Markets Announcements Office and on our website. The Explanatory Notes that accompany and form part of this Notice of Meeting describe the various matters to be considered. Questions on AGM In accordance with the Corporations Act and the Company’s past practice, a reasonable opportunity will be given to the Shareholders at the AGM to ask questions about, or make comments on, the management of the Company and the Remuneration Report. Similarly, a reasonable opportunity will also be given to the Shareholders to ask the Auditor questions relevant to the Auditor's Report or conduct of the audit, the preparation, contents of the audit report, the accounting policies adopted by the Company and the auditor’s independence. Written questions may be submitted by Shareholders in advance of the meeting through the https://www.investorvote.com.au website. 1 Annual General Meeting Agenda Ordinary Business Rule 17.1 of the Company’s constitution and, being eligible offers himself for re-election, be re-elected as Item 1. Financial Report a Director of the Company.” To receive and consider the Financial Report of Item 3(b) the Company for the year ended 30 June 2020, including the Directors’ declaration, the related “That Mr. Walter James Pisciotta OAM, being a Directors’ Report and the Auditor's Report of the Director of the Company who retires by rotation in Company. accordance with Rule 17.1 of the Company’s constitution and, being eligible offers himself for re- Item 2: Adoption of FY20 Remuneration Report election, be re-elected as a Director of the Company.” To consider and, if thought fit, to pass the following resolution as an ordinary resolution: Special Business “That the Company’s Remuneration Report for the Item 4: Long-term incentive awards for the financial year ended 30 June 2020 be adopted.” Managing Director (MD) and Chief Executive Officer (CEO) Please note that the vote on this resolution is advisory only and does not bind the Directors or the To consider and if thought fit, pass the following Company. resolutions to be voted on separately: An explanatory note to this item appears on page 4. Item 4(a) Voting Exclusion Statement FY21-23 grant of Performance Rights to the MD and CEO The Company will disregard any votes cast on item 2 by: “That, for the purpose of ASX Listing Rule 10.14 and for all other purposes, approval be and is hereby • A member of the Company's KMP whose given, to the grant of up to 80,499 Performance remuneration is included in the Remuneration Rights over Shares in the Company to Mr. Cameron Report; and McIntyre, in respect of the FY21-23 LTI award, in • Closely related parties of those KMPs (such as accordance with the terms of the Company’s Option certain family members, dependents and Plan and as set out in the Explanatory Memorandum companies they control), below.” as well as any votes cast as a proxy on item 2 by Item 4(b) members of the KMP at the date of the meeting and FY20-22 grant of Options and Performance Rights their closely related parties, unless the votes are cast to the MD and CEO by: “That, for the purpose of ASX Listing Rule 10.14 and • A proxy for a person who is entitled to vote, in for all other purposes, approval be and is hereby accordance with the directions on the proxy form; given, to the grant of up to 222,283 Options and or Performance Rights over Shares in the Company to • The Chair of the AGM, voting as a proxy for a Mr. Cameron McIntyre, in respect of the FY20-22 LTI person who is entitled to vote, and the award, in accordance with the terms of the appointment of the Chair as proxy does not Company’s Option Plan as set out in the Explanatory specify the way the proxy is to vote on the Memorandum below.” resolutions and expressly authorises the Chair to Voting Exclusion Statement exercise the proxy even if the resolution is connected directly or indirectly with the The Company will disregard any votes cast on Items remuneration of a member of the Company’s 4a and 4b, by: KMP. • The Managing Director, Mr. Cameron McIntyre; Item 3: Re-election of Directors and To consider and if thought fit, pass the following • Any of his associates, resolutions as ordinary resolutions: Item 3(a) “That Mr. Patrick O’Sullivan, being a Director of the Company who retires by rotation in accordance with 2 as well as any votes cast by members of the KMP Voting Information and their closely related parties as proxies unless the 1. Voting by Poll: votes cast on items 4a and 4b are cast: As the Shareholders will be participating virtually in • In accordance with a direction given by a person the AGM, and in accordance with Rule 13.5(a)(3) of who is entitled to vote on items 4a and 4b to vote the constitution, the Chair intends to call a poll on on the resolution in a particular way; each of the resolutions proposed at the AGM. The • By the Chair of the Annual General Meeting Chair considers voting by poll to be in the interests of acting as a proxy and the appointment expressly the Shareholders as a whole and ensures the views authorises the Chair to exercise the proxy as the of as many Shareholders as possible are represented Chair decides; at the AGM. • By a holder acting solely as a nominee, trustee, 2. Entitlement to vote custodial or fiduciary capacity on behalf of a Pursuant to regulation 7.11.37 of the Corporations beneficiary provided: Regulations 2001, the Board has determined that the • Written communication being provided by the shareholding of each Shareholder for the purposes of beneficiary that the beneficiary is not excluded ascertaining the voting entitlements for the Annual from voting and is not an associate of a General Meeting will be as it appears in the Share person excluded from voting; and register at 7pm (Melbourne time) on Wednesday 28 October 2020 (“Effective Time”). • The vote is cast in accordance with the directions of the beneficiary to the holder. 3. Proxies Item 5: Conditional spill resolution Appointment of Proxies If required, to consider and, if thought fit, to pass the Enclosed with this Notice of Meeting is a proxy form. following resolution as an ordinary resolution: A Shareholder entitled to attend and vote at the AGM Subject to and conditional on at least 25% of the may appoint a proxy to attend virtually and vote on votes cast on Item 2, being cast against the adoption their behalf. To do so they must complete the proxy of the Company’s Remuneration Report for the form. A Shareholder who is entitled to cast two or financial year ended 30 June 2020: more votes may appoint two proxies and may specify the proportion or number of votes each proxy is a. An extraordinary general meeting of the appointed to exercise. If the Shareholder appoints two Company (Spill Meeting) be held within 90 days proxies and the appointment does not specify the of this resolution; proportion or number of the Shareholder's votes each b. All of the non-executive Directors in office when proxy may exercise, each proxy may exercise one the resolution to approve the Directors’ report for half of the Shareholder's votes. the financial year ended 30 June 2020 was A proxy need not be a Shareholder of the Company. passed and who remain in office at the time of the The proxy form must be signed by the Shareholder or Spill Meeting, cease to hold office immediately the Shareholder's attorney. Proxies given by before the end of the Spill Meeting; and corporations must be executed in accordance with c. Resolutions to appoint persons to offices that will Section 127 of the Corporations Act. be vacated immediately before the end of the Spill A corporation which is a Shareholder of the Company Meeting are put to the vote at the Spill Meeting. may appoint a representative to act on its behalf at Note: If you do not want the spill meeting to take the AGM.
Load more

Recommended publications
  • ASX Announcement (All Currency Figures Are in Australian Dollars Unless Otherwise Stated)
    Afterpay Limited ASX: APT ​ ASX Announcement (all currency figures are in Australian dollars unless otherwise stated) 7 July 2020 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES TRADING UPDATE, CAPITAL RAISING AND CO-FOUNDER SELL-DOWN1 Afterpay Limited (Afterpay or the Company) is pleased to provide a trading update for the ​ ​ three month period ended 30 June 2020 (Q4 FY20) and the financial year ended 30 June 2020 (FY20). Afterpay also announces a capital raising of approximately $800m that includes a fully underwritten institutional Placement to raise $650m, followed by a non-underwritten Share Purchase Plan that aims to raise approximately $150m. KEY HIGHLIGHTS ● Strong performance across the business has delivered underlying sales of $11.1b in FY20, more than doubling the prior corresponding period (pcp) (up 112%). ● Underlying sales in Q4 FY20 was $3.8b, 127% above Q4 FY19. ● Q4 FY20 sales performance represented the highest quarterly performance ever, reflecting the accelerating shift to e-commerce spending since the impacts of COVID-19 emerged globally. ● Merchant revenue margins for FY20 are expected to be in line with or better than H1 FY20 and FY19. ● Net Transaction Loss (NTL) for FY20 is expected to be up to 55 basis points. ANZ NTL has ​ remained at historically low levels and NTL within the US and UK regions has improved in 2H FY20 compared to 1H FY20 as a result of improving risk performance and historically high payment recovery rates. ● Net Transaction Margin (NTM) for FY20 is expected to be approximately 2%, underpinning a pathway to longer term profitability for the overall business.
    [Show full text]
  • Appendix 4E Carsales.Com Ltd Results for Announcement to the Market
    Appendix 4E carsales.com Ltd ABN 91 074 444 018 Results for Announcement to the Market Full-year ended 30 June 2020 (Previous corresponding period: Full-year ended 30 June 2019) A$’000 Revenue from continuing operations Down (5.25%) to 395,585 Profit for the year after tax Up 38.84% to 116,953 Net profit for the period attributable to members Up 36.49% to 114,668 Adjusted net profit* for the period attributable to members Up 6.17% to 138,189 Franked Amount amount Dividends/Distribution per security per security 2019 Final Dividend paid 25.0 cents 25.0 cents 2020 Interim Dividend paid 22.0 cents 22.0 cents 2020 Final Dividend declared 25.0 cents 25.0 cents 2020 final dividend dates Record date for determining entitlements to the dividends 23rd September 2020 Latest date for dividend reinvestment plan participation 24th September 2020 Dividend payable 7th October 2020 30 June 2019 30 June 2020 30 June 2019 Restated*** Net tangible assets backing per ordinary share** (138.1 cents) (128.9 cents) (158.4 cents) * The presentation of adjusted net profit provides the best measure to assess the performance of the Group by excluding COVID-19 Dealer Support Package, fair value gain arising from discontinuing the equity method (net of NCI), gain on associate investment dilution (net of NCI), loss on disposal of subsidiary, one-off transaction and restructure costs, one-off bad debt expenses, changes in fair value of put option liabilities and deferred consideration, one-off tax adjustment, option unwinding discount and non-cash acquired intangible amortisation from the reported IFRS measure.
    [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]
  • 16 August 2021 Company Announcements Office Australian
    16 August 2021 Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 2021 FULL YEAR RESULTS – ANNUAL REPORT Seven West Media Limited (ASX: SWM) attaches the Annual Report for the year ended 26 June 2021. This release has been authorised to be given to ASX by the Board of Seven West Media Limited. For further information, please contact: Investors/Analysts Media Alan Stuart Rob Sharpe T: +61 2 8777 7211 T: +61 437 928 884 E: [email protected] E: [email protected] Seven West Media Limited / 50 Hasler Road, Osborne Park WA 6017 Australia / PO Box 7077, Alexandria NSW 2015 Australia T +61 2 8777 7777 / ABN 91 053 480 845 Repositioned for growth. Annual Report 2021 Big Brother Contents Our Strategy Who We Are 2 Our Strategic Priorities and Performance Dashboard 4 Executive Letters Letter from the Chairman 6 Letter from the Managing Director and Chief Executive Officer 8 Review of Operations Group Performance – Key Highlights and Summary of Financial Performance 11 Seven Network 17 The West 20 Corporate Social Responsibility Risk, Environment, People and Social Responsibility 22 Seven in the Community 28 Governance Board of Directors 33 Corporate Governance Statement 36 Directors’ Report 47 Remuneration Report 52 Auditor’s Independence Declaration 73 Financial Statements Financial Statements 74 Directors’ Declaration 132 Independent Auditor’s Report 133 Investor Information 138 Shareholder Information 139 Company Information 141 1 Section 1: Our Strategy Seven West Media Limited Annual Report 2021 Who We Are Transforming to lead Seven West Media is being transformed to drive long-term success.
    [Show full text]
  • Proposal to Acquire Seven Media Group
    West Australian Newspapers Holdings Limited ACN 053 480 845 PROPOSAL TO ACQUIRE SEVEN MEDIA GROUP EXPLANATORY MEMORANDUM INDEPENDENT EXPERT’S REPORT NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is given that an Extraordinary General Meeting of Shareholders will be held at the Hyatt Regency Hotel, 99 Adelaide Terrace, Perth, Western Australia on 11 April 2011, commencing at 10am (Perth time). LEGAL ADVISER FINANCIAL ADVISER Important notices This Explanatory Memorandum is important other information made available by or on Such risks, uncertainties and other important and requires immediate attention. It should behalf of SGH during the due diligence factors include, among other things, the risks be read in its entirety before making a process conducted by WAN in connection in associated with the Proposed Transaction decision on how to vote on the Resolutions. with the Proposed Transaction. There is as set out in Section 6. Shareholders are In particular, it is important that you consider no assurance that this due diligence was cautioned not to place undue reliance on the disadvantages and potential risks conclusive and that all material issues and such forward looking statements. Deviations of the Proposed Transaction set out in risks in relation to the Proposed Transaction as to future results, performance and Section 1.3 and Section 6 and the views and SMG have been identifi ed. To the extent achievement are both normal and expected. of the Independent Expert set out in the that this information is incomplete, incorrect, Any discrepancies between totals and sums Independent Expert’s Report contained inaccurate or misleading, there is a risk of components in tables and fi gures contained in Appendix A.
    [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]
  • 2015 SWM Annual Report
    ABN 91 053 480 845 Delivering the future of content. Anywhere. Any screen. Anytime. Annual Report 2015 Seven West Media cares about the environment. By printing 2000 copies of this Annual Report on ecoStar Silk and ecoStar Offset the environmental impact was reduced by*: 1,185kg 171kg 1,707km of landfill of CO2 and travel in the average greenhouse gases European car 26,982 2,486kWh 1,926kg litres of water of energy of wood Source: European BREF data (virgin fibre paper). Carbon footprint data evaluated by Labelia Conseil in accordance with the Bilan Carbone® methodology. Results are obtained according to technical information and are subject to modification. *compared to a non-recycled paper. Delivering the future of content. Anywhere. Any screen. Anytime. Annual Report 2015 Contents What We Do 4 The Future of Us 44 Our Brands 6 Board of Directors 46 Our Strategy 8 Corporate Governance Statement 49 Our Strategic Framework 10 Directors’ Report 60 Letter from the Chairman 12 Remuneration Report 64 Letter from the Managing Director & CEO 14 Auditor’s Independence Declaration 83 Performance Dashboard 16 Financial Statements 84 Performance of the Business 18 Directors’ Declaration 134 Group Performance 20 Independent Auditor’s Report 135 Television 26 Company Information 137 Newspapers 32 Investor Information 138 Magazines 36 Shareholder Information 139 Other Business and New Ventures 40 Risk, Environment and Social Responsibility 42 2 Seven West Media Annual Report 2015 ABN 91 053 480 845 Contents The right people creating great content across television, digital, mobile and newspaper and magazine publishing. Delivering the future of content 3 What We Do We are achieving growth in the delivery of our content across our portfolio of integrated media platforms.
    [Show full text]
  • Stoxx® Australia 150 Index
    STOXX® AUSTRALIA 150 INDEX Components1 Company Supersector Country Weight (%) Commonwealth Bank of Australia Banks Australia 8.37 CSL Ltd. Health Care Australia 7.46 BHP GROUP LTD. Basic Resources Australia 7.23 National Australia Bank Ltd. Banks Australia 4.37 Westpac Banking Corp. Banks Australia 4.09 Australia & New Zealand Bankin Banks Australia 3.75 Wesfarmers Ltd. Retail Australia 3.30 WOOLWORTHS GROUP Personal Care, Drug & Grocery Australia 2.87 Macquarie Group Ltd. Financial Services Australia 2.84 Rio Tinto Ltd. Basic Resources Australia 2.48 Fortescue Metals Group Ltd. Basic Resources Australia 2.27 Transurban Group Industrial Goods & Services Australia 2.20 Telstra Corp. Ltd. Telecommunications Australia 2.05 Goodman Group Real Estate Australia 1.77 AFTERPAY Industrial Goods & Services Australia 1.54 Coles Group Personal Care, Drug & Grocery Australia 1.39 Woodside Petroleum Ltd. Energy Australia 1.28 Newcrest Mining Ltd. Basic Resources Australia 1.27 Aristocrat Leisure Ltd. Travel & Leisure Australia 1.11 XERO Technology Australia 1.00 SYDNEY AIRPORT Industrial Goods & Services Australia 0.93 Brambles Ltd. Industrial Goods & Services Australia 0.91 Sonic Healthcare Ltd. Health Care Australia 0.90 ASX Ltd. Financial Services Australia 0.82 SCENTRE GROUP Real Estate Australia 0.80 Cochlear Ltd. Health Care Australia 0.74 QBE Insurance Group Ltd. Insurance Australia 0.73 SUNCORP GROUP LTD. Insurance Australia 0.71 South32 Australia Basic Resources Australia 0.71 Santos Ltd. Energy Australia 0.68 Ramsay Health Care Ltd. Health Care Australia 0.66 Insurance Australia Group Ltd. Insurance Australia 0.65 Mirvac Group Real Estate Australia 0.60 DEXUS Real Estate Australia 0.59 SEEK Ltd.
    [Show full text]
  • Revisiting Australia's Transformation Champions One Year
    EXECUTIVE BRIEFING // JUNE 2020 Revisiting Australia’s Transformation Champions One Year Later: Resilience and Opportunity During COVID-19 By Andy Parker INNOSIGHT // REVISITING AUSTRALIA’S TRANSFORMATION CHAMPIONS ONE YEAR LATER 2 . Andy Parker is a partner at Innosight. s Australia makes admirable progress against COVID-19 Australia’s business leaders are naturally wondering what comes next, given strong economic uncertainty remains despite the health risks diminishing. An analysis of eight AAustralian champions shows that more than ever leaders should set their sights on a more ambitious goal than short-term survival; they should be thinking about long-term transformation. Exactly a year ago we published a research report spotlighting eight Australian companies that delivered seven times the returns of the ASX 200 from 2013 to 2018 through dual transformation. This means they repositioned their core business for resilience while simultaneously pursuing new growth opportunities and linked these ‘dual’ efforts around capabilities that create competitive advantage. Listed in alphabetical order, Australia’s Transformation Champions were: 1. Aristocrat: the gaming machine provider and casino manager that branched into the growing market of social and digital gaming. 2. Caltex: traditionally focussed on fuel refining, Caltex is now pursuing a retail strategy including a café business with outlets not necessarily attached to petrol stations. 3. Downer EDI: the mining and engineering services business acquired facilities management company Spotless to diversify with offerings in the integrated facilities management market. 4. Orora: this packaging company has entered a new market in visual communication solutions, providing end-to-end services from creative solutions right to the point of distribution.
    [Show full text]
  • Longwave Capital Partners Invests with a Philosophy Informed by the Belief That for Small Caps, Quality Is a Key Driver of Long-Term Investment Outperformance
    // Longwave Capital Partners invests with a philosophy informed by the belief that for small caps, quality is a key driver of long-term investment outperformance. When we assess companies considering Environmental, Social and Governance (ESG) characteristics, we see them as markers of quality. // Historically, we have considered ESG as a component in the The first stage uses systematic fundamental assessments to fundamental assessment that determines the quality of a identify companies that exhibit characteristics which have business – factored into the quality score that we use to drive historically been high probability markers of failure or our valuation. This is calculated by applying a discount rate to underperformance. These are low-quality companies we look to our sustainable, mid-cycle earnings estimate in forecast year ensure are not present in our portfolio. Based upon our current five. We believe the equity risk premium required of higher- criteria across the different models we employ, around 85% of quality companies is lower than average companies, and lower- the small caps we assess have a reasonable probability of failure quality companies require a higher equity risk premium than or long-term underperformance. We construct a systematic average. portfolio of the remaining 15%, built from the ensemble of our While cognisant of the impact ESG factors have on the quality of different quality models. a business (and thereby its value), our previous approach did not It would appear at first glance that using available ESG data and have the same objective level of data capture or comparability testing for performance would be an appropriate measure to as the investment process that we now employ, driven by enhance our existing systematic process.
    [Show full text]
  • Annual Report Contents
    2019 ANNUAL REPORT CONTENTS 02 COMPANY OVERVIEW 42 SUSTAINABILITY REPORT 04 2019 HIGHLIGHTS 52 FINANCIAL REPORT 06 CHAIR REVIEW 100 DIRECTORS’ DECLARATION 08 CEO’S REVIEW 101 INDEPENDENT AUDITOR’S REPORT 13 OPERATING AND FINANCIAL REVIEW 104 SHAREHOLDER INFORMATION 18 BOARD OF DIRECTORS 106 GLOSSARY 21 DIRECTORS’ REPORT 108 CORPORATE DIRECTORY 29 REMUNERATION REPORT The Annual Report was authorised for issue, in accordance with a resolution of the Directors. The Directors have the power to amend and reissue the Annual Report. Through the use of the internet, we have ensured that our corporate reporting is timely, complete and available globally at minimum cost to the Company. All media releases, financial reports and other information are available at the Investors section on our website: ww w.oohmedia. com.au. 01 COMPANY OVERVIEW oOh! is a pioneering media company changing the face of the Out of Home industry in Australia and New Zealand. Through our commitment to market leading data, ideas and driving 1+ reach, we make brands powerfully unmissable. We invest in sophisticated data to ensure we know audiences at location better than anyone else and deliver quality insight and ROI for our clients. We commit to original ideas and the highest quality network to provide unrivalled reach across capital cities and regional areas. oOh!’s extensive network of 37,000 locations include Billboards, Retail, Fly, Rail, Street Furniture, and Place-Based environments (universities, venues, cafes, offices, and healthcare centres). We also own and operate digital publisher Junkee Media, printing business Cactus, and experiential provider Edge, providing unrivalled solutions for Advertisers.
    [Show full text]