DOCSLIB.ORG

Bringing the Future Faster

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bringing the Future Faster 6mm hinge Bringing the future faster. Annual Report 2019 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Bringing the future faster Spark New Zealand Annual Report 2019 Bringing the future faster Contents Build customer intimacy We need to understand BRINGING THE FUTURE FASTER and anticipate the needs of New Zealanders, and Spark performance snapshot 4 technology enables us Chair and CEO review 6 to apply these insights Our purpose and strategy 10 to every interaction, Our performance 12 helping us serve our Our customers 14 customers better. Our products and technology 18 Read more pages 7 and 14. Our people 20 Our environmental impact 22 Our community involvement 24 Our Board 26 Our Leadership Squad 30 Our governance and risk management 32 Our suppliers 33 Leadership and Board remuneration 34 FINANCIAL STATEMENTS Financial statements 38 Notes to the financial statements 44 Independent auditor’s report 90 OTHER INFORMATION Corporate governance disclosures 95 Managing risk framework roles and 106 responsibilities Materiality assessment 107 Stakeholder engagement 108 Global Reporting Initiative (GRI) content 109 index Glossary 112 Contact details 113 This report is dated 21 August 2019 and is signed on behalf of the Board of Spark New Zealand Limited by Justine Smyth, Chair and Charles Sitch, Chair, Audit and Risk Management Committee. Justine Smyth Key Dates Annual Meeting 7 November 2019 Chair FY20 half-year results announcement 19 February 2020 FY20 year-end results announcement 26 August 2020 Charles Sitch Chair Audit and Risk Management Committee WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Create New Zealand’s premier sports streaming business Spark Sport is revolutionising how New Zealanders watch their favourite sports events. Great content, seamless experiences, delivered to you where you want to see it and at a time that suits you – either live or on demand. Read more page 7 and page 19. Create a wireless future New Zealand needs strong, adaptable infrastructure to power our businesses, communities and our people. 5G will be a significant game-changer and will help drive New Zealand’s future success. Spark is committed to being at the forefront of the transition to 5G. Read more page 7 and page 18. Annual Meeting 7 November 2019 FY20 half-year results announcement 19 February 2020 FY20 year-end results announcement 26 August 2020 Spark New Zealand Annual Report 2019 Bringing the future faster 1 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Bringing the future faster Spark New Zealand Annual Report 2019 Bringing the future faster Grow key markets We will continue to grow and set the pace in mobile, broadband, cloud, security and data, enabled by our investment in new technologies and creating a broader range of services and experiences for our customers. Read more page 7. Mature Agile leadership We want to unlock greater value and better experiences for our customers. By maturing our Agile leadership we will create a culture where customers are at the centre of what we do and every one of our people knows how they contribute to our purpose and to customer value. Read more page 7. 2 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 A world of game-changing products that Deliver best cost Reducing cost while will change our improving our customer experience remains important for our business. We are using ground- landscape. breaking technology in artificial intelligence and cognitive learning to give our customers better service and experiences in a much faster timeframe than in the past. Read more page 8. Lead on sustainability We want to make a positive contribution to New Zealand, with a particular focus on digital inclusion, treating our people well and fairly, reducing our environmental footprint, behaving ethically and doing our part to help New Zealand prosper. Read more page 8 and pages 20–25. Spark New Zealand Annual Report 2019 Bringing the future faster 3 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Spark performance snapshot Spark New Zealand Annual Report 2019 Bringing the future faster Spark performance snapshot Spark performance FY191 Operating revenues and other gains $ EBITDAI2 $ ▲ Flat 11.1% reported 3,533M year-on-year 1,090M ▲ 5.8% adjusted3 Net earnings $ Mobile revenue $ ▲ 12.1% reported 409M ▲ 2.2% adjusted3 1,271M ▲ 2.7% Broadband revenue $ Cloud, security and service management revenue $ 685M ▲ 3.0% 400M ▲ 8.1% Voice revenue $ Southern Cross dividends $ 486M ▼ 15.2% 15M ▼ 70.0% Capital expenditure2$ Dividends per share 417M ▲ 1.0% 25 cents No change Total mobile connections Total broadband connections 2.515M ▲ 2.3% 695K ▼ 0.7% 1 All changes are comparative to restated results for the year ended, measures and are not comparable to the New Zealand Equivalents or as at, 30 June 2018 following the adoption of NZ IFRS 15 and NZ to International Financial Reporting Standards (NZ IFRS) measures. IFRS 16. These measures are defined and reconciled in note 2.5 of the 2 Earnings before finance income and expense, income tax, financial statements. depreciation, amortisation and net investment income (EBITDAI), 3 Adjusted for $49 million (or $35 million net of tax) costs of change adjusted EBITDAI, adjusted net earnings and capital expenditure incurred in FY18 associated with Spark’s Quantum Programme to are non-Generally Accepted Accounting Practice (non-GAAP) radically simplify and digitise processes, products and services. 4 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Opening of Future- Digitising our New Zealand’s proofing our customer first 5G Employee technology for Launch of experience Innovation Lab engagement customers Spark Sport Use of MySpark The lab is New Agile The shift from our From a standing increased 18% Zealand’s only transformation legacy telephone start 12 months over the year and interactive drives strong network to a new prior the we have 5 environment offering employee IP-based network platform dedicated service hands-on experiences engagement, with is continuing at launched in chat bots of potential 5G eNPS (employee pace, with 25% of March 2019 and successfully technology. Since net promoter exchanges now has already answering opening in November score) improving decommissioned. streamed about thousands of 2018, the lab has considerably, by 9 800 sporting customer queries hosted more than percentage points events and over each month – 2,700 visitors from over the year. 12,000 hours of speeding up and hundreds of business linear channels. improving the customers and service for stakeholder customers. organisations. Spark New Zealand Annual Report 2019 Bringing the future faster 5 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Chair and CEO review Spark New Zealand Annual Report 2019 Bringing the future faster Chair and CEO review Tēnā koutou, Delivering on our strategy Spark’s purpose, which sets our direction In the 2019 financial year Spark continued and guides our every decision, is to help to deliver on the key planks of our strategy, all of New Zealand win big in a digital which has seen us grow our business in the world – āwhinatia ngā tangata katoa o highly competitive cloud services and Aotearoa, kia matomato te tipu i te ao mobile categories, hold our broadband matihiko. Our business is totally focused position, enter new markets like sports on one market – New Zealand. We never streaming, lead on cost management and lose sight of the reality that we are a continue to transform our Company culture. small country at the bottom of the world, Central to our strategy is a commitment to Justine Smyth Chair and digital communications will be create a wireless future for New Zealanders. Jolie Hodson Chief Executive crucial if we are to continue our nation’s We’ve maintained growth in mobile success on the global stage. That is why connections, revenue and average revenue Spark is focused on its mission of per user (ARPU) over the year, driven by the bringing the future faster to addition of higher-value propositions for New Zealanders. Through seamless customers such as our new shareable customer experiences, delivered over Unlimited plan. Spark significantly 3G, 4G, (and, soon, 5G) or internet of outperformed our mobile market things technologies, or by encouraging competitors, securing over 60% of total many more New Zealanders to watch FY19 market growth in service and revenue their favourite sport via broadband connections. As customers use their mobile streaming. phones to do more, many of them are seeking larger data allowances and price certainty – which provides an opportunity for Spark to improve ARPU with the right products and plans. 6 WorldReginfo - 7329578e-d26a-4187-bd38-e4ce747199c1 Spark has led the transition to a wireless unchanged – to win in the market by In a year we implemented future with the number of customers on our consistently delivering for customers. and embedded massive change fixed wireless broadband and landline We were pleased to see the Commerce with the move to Agile ways products growing by 36,000 over the year Commission’s mobile market study of working, we’re pleased to 166,000. These products are easy to set preliminary findings that the mobile sector up and, in many cases, deliver a higher- to deliver financial results is serving New Zealanders well and not in quality experience for customers that are on plan. need of any further regulation at this stage. transferring from old copper lines, while We look forward to the final findings from lowering our input costs. The future rollout the mobile market study being published of our 5G network will enable a step change later this year. in our fixed wireless broadband offering. this would enable rapid delivery of 5G Bringing the future faster In a year we implemented and embedded services while the details of the longer-term massive change with the move to Agile ways to New Zealanders allocation process are sorted through. of working, we’re pleased to deliver In the year ahead we have some clear and Create New Zealand’s premier financial results that are on plan.
Load more

Recommended publications
  • Vodacom Annual Results Presentation
    Vodacom Group Annual Results For the year ended 31 March 2020 The future is exciting. Ready? Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentations may lawfully be communicated (‘relevant persons’). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in any company within the Group. Promotional material used in this presentation that is based on pricing or service offering may no longer be applicable. This presentation contains certain non-GAAP financial information which has not been reviewed or reported on by the Group’s auditors. The Group’s management believes these measures provide valuable additional information in understanding the performance of the Group or the Group’s businesses because they provide measures used by the Group to assess performance. However, this additional information presented is not uniformly defined by all companies, including those in the Group’s industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, although these measures are important in the management of the business, they should not be viewed in isolation or as replacements for or alternatives to, but rather as complementary to, the comparable GAAP measures.
    [Show full text]
  • ITIF Files Comments Supporting T-Mobile-Sprint Merger
    Before the FEDERAL COMMUNICATIONS COMMISSION Washington, DC 20554 In the Matter of ) ) Applications of T-Mobile US, Inc. and Sprint ) WT Docket No. 18-197 Corporation for Consent to Transfer Control of ) Licenses and Authorizations ) OPPOSITION TO PETITIONS TO DENY OF ITIF The Information Technology and Innovation Foundation (“ITIF”)1 appreciates this opportunity to comment in support of the pending merger of T-Mobile US, Inc. (“T-Mobile”) and Sprint Corporation (“Sprint”).2 INTRODUCTION AND SUMMARY ITIF supports this transaction with the belief that the merger advances innovative wireless broadband services, offers significant benefits that will ultimately flow to consumers, and presents few concerns in terms of competition. The merger offers significant scale and operational efficiencies that will help accelerate the transition to next generation, 5G networks, intensifying competition, and bringing numerous benefits that flow throughout the economy. An honest examination of the facts should find this merger in the public interest under sections 214(a) and 310(d) of the Communications Act.3 Petitions to deny the merger do not fully appreciate the synergies of the transaction and take too myopic a view of how competition functions in today’s media and telecommunications landscape. Some critics of the merger focus narrowly on the number of competitors, decrying this merger as a 4 to 3 reduction. This view does not appreciate companies on the cusp of wireless entry, such as cable firms, or, more importantly, the 1 The Information Technology and Innovation Foundation (ITIF) is a non-partisan research and educational institute – a think tank – whose mission is to formulate and promote public policies to advance technological innovation and productivity internationally, in Washington, and in the states.
    [Show full text]
  • FY21 Results Overview
    Annual Report 2021 01 Chorus Board and management overview 14 Management commentary 24 Financial statements 60 Governance and disclosures 92 Glossary FY21 results overview Fixed line connections1 Broadband connections1 FY21 FY20 FY21 FY20 1,340,000 1,415,000 1,180,000 1,206,000 Fibre connections1 Net profit after tax FY21 FY20 FY21 FY20 871,000 751,000 $47m $52m EBITDA2 Customer satisfaction Installation Intact FY21 FY20 FY21 FY21 $649m $648m 8.2 out of 10 7.5 out of 10 (target 8.0) (target 7.5) Dividend Employee engagement score3 FY21 FY20 FY21 FY20 25cps 24cps 8.5 out of 103 8.5 This report is dated 23 August 2021 and is signed on behalf of the Board of Chorus Limited. Patrick Strange Mark Cross Chair Chair Audit & Risk Management Committee 1 Excludes partly subsidised education connections provided as part of Chorus’ COVID-19 response. 2 Earnings before interest, income tax, depreciation and amortisation (EBITDA) is a non-GAAP profit measure. We monitor this as a key performance indicator and we believe it assists investors in assessing the performance of the core operations of our business. 3 Based on the average response to four key engagement questions. Dear investors Our focus in FY21 was to help consumers especially important because fixed wireless services don’t capitalise on the gigabit head start our fibre provide the same level of service as fibre - or even VDSL in network has given New Zealand. We knocked most cases – and these service limitations often aren’t made clear to the customer. on about a quarter of a million doors and supported our 100 or so retailers to connect As expected, other fibre companies continued to win copper customers in those areas where they have overbuilt our another 120,000 consumers to fibre.
    [Show full text]
  • Executive Summary
    Executive summary For more information, visit: www.vodafone.com/investor Highlights Group highlights for the 2010 financial year Revenue Financial highlights ■ Total revenue of £44.5 billion, up 8.4%, with improving trends in most £44.5bn markets through the year. 8.4% growth ■ Adjusted operating profit of £11.5 billion, a 2.5% decrease in a recessionary environment. ■ Data revenue exceeded £4 billion for the first time and is now 10% Adjusted operating profit of service revenue. ■ £1 billion cost reduction programme delivered a year ahead of schedule; £11.5bn further £1 billion programme now underway. 2.5% decrease ■ Final dividend per share of 5.65 pence, resulting in a total for the year of 8.31 pence, up 7%. ■ Higher dividends supported by £7.2 billion of free cash flow, an increase Free cash flow of 26.5%. £7.2bn Operational highlights 26.5% growth ■ We are one of the world’s largest mobile communications companies by revenue with 341.1 million proportionate mobile customers, up 12.7% during the year. Proportionate mobile customers ■ Improved performance in emerging markets with increasing revenue market share in India, Turkey and South Africa during the year. ■ Expanded fixed broadband customer base to 5.6 million, up 1 million 341.1m during the year. 12.7% growth ■ Comprehensive smartphone range, including the iPhone, BlackBerry® Bold and Samsung H1. ■ Launch of Vodafone 360, a new internet service for the mobile and internet. ■ High speed mobile broadband network with peak speeds of up to 28.8 Mbps. Vodafone Group Plc Annual Report 2010 1 Sir John Bond Chairman Chairman’s statement Your Company continues to deliver strong cash generation, is well positioned to benefit from economic recovery and looks to the future with confidence.
    [Show full text]
  • Tate Report 08-09
    Tate Report 08–09 Report Tate Tate Report 08–09 It is the Itexceptional is the exceptional generosity generosity and and If you wouldIf you like would to find like toout find more out about more about PublishedPublished 2009 by 2009 by vision ofvision individuals, of individuals, corporations, corporations, how youhow can youbecome can becomeinvolved involved and help and help order of orderthe Tate of the Trustees Tate Trustees by Tate by Tate numerousnumerous private foundationsprivate foundations support supportTate, please Tate, contact please contactus at: us at: Publishing,Publishing, a division a divisionof Tate Enterprisesof Tate Enterprises and public-sectorand public-sector bodies that bodies has that has Ltd, Millbank,Ltd, Millbank, London LondonSW1P 4RG SW1P 4RG helped Tatehelped to becomeTate to becomewhat it iswhat it is DevelopmentDevelopment Office Office www.tate.org.uk/publishingwww.tate.org.uk/publishing today andtoday enabled and enabled us to: us to: Tate Tate MillbankMillbank © Tate 2009© Tate 2009 Offer innovative,Offer innovative, landmark landmark exhibitions exhibitions London LondonSW1P 4RG SW1P 4RG ISBN 978ISBN 1 85437 978 1916 85437 0 916 0 and Collectionand Collection displays displays Tel 020 7887Tel 020 4900 7887 4900 A catalogue record for this book is Fax 020 Fax7887 020 8738 7887 8738 A catalogue record for this book is available from the British Library. DevelopDevelop imaginative imaginative education education and and available from the British Library. interpretationinterpretation programmes programmes AmericanAmerican Patrons Patronsof Tate of Tate Every effortEvery has effort been has made been to made locate to the locate the 520 West520 27 West Street 27 Unit Street 404 Unit 404 copyrightcopyright owners ownersof images of includedimages included in in StrengthenStrengthen and extend and theextend range the of range our of our New York,New NY York, 10001 NY 10001 this reportthis and report to meet and totheir meet requirements.
    [Show full text]
  • TPG Telecom Limited and Its Controlled Entities ABN 46 093 058 069
    TPG Telecom Limited and its controlled entities ABN 46 093 058 069 Annual Report Year ended 31 July 2016 2 TPG Telecom Limited and its controlled entities Annual report For the year ended 31 July 2016 Contents Page Chairman’s letter 3 Directors’ report 5 Lead auditor’s independence declaration 34 Consolidated income statement 35 Consolidated statement of comprehensive income 36 Consolidated statement of financial position 37 Consolidated statement of changes in equity 38 Consolidated statement of cash flows 39 Notes to the consolidated financial statements 40 Directors’ declaration 91 Independent auditor’s report 92 ASX additional information 94 3 TPG Telecom Limited and its controlled entities Chairman’s letter For the year ended 31 July 2016 Dear Shareholders On behalf of the Board of Directors, I am pleased to present to you the TPG Telecom Limited Annual Report for the financial year ended 31 July 2016 (“FY16”). Financial Performance FY16 was another successful year for the Group. Continued organic growth and the integration of iiNet into the business have resulted in further increases in revenue, profits and dividends for shareholders. FY16 represents the eighth consecutive year that this has been the case. A detailed review of the Group’s operating and financial performance for the year is provided in the Operating and Financial Review section of the Directors’ Report starting on page 7 of this Annual Report, and set out below are some of the key financial highlights and earnings attributable to shareholders from the year. FY16 FY15 Movement Revenue ($m) 2,387.8 1,270.6 +88% EBITDA ($m) 849.4 484.5 +75% NPAT ($m) 379.6 224.1 +69% EPS (cents/share) 45.3 28.2 +61% Dividends (cents/share) 14.5 11.5 +26% iiNet Acquisition At the beginning of FY16 we completed the acquisition of iiNet and consequently there has been significant focus during the year on integrating the businesses to improve the efficiency of the combined organisation.
    [Show full text]
  • (MTS) Converges Fixed and Mobile Telephony
    Customer Case Study Mobile TeleSystems (MTS) Converges Fixed and Mobile Telephony MTS creates new revenue opportunities with new services. Business Challenge EXECUTIVE SUMMARY Wireless applications for voice and data are Mobile TeleSystems (MTS) Industry: Telecommunications becoming as essential to today’s businesses as their BUSINESS CHALLENGE fixed, or wired, counterparts. Although many Increase revenue opportunities and market enterprises have sophisticated IP data networks in share by offering fixed-mobile converged voice services. place, and many have implemented IP NETWORK SOLUTION Communications applications over those networks, A Cisco gateway and softswitch solution that they must still rely on a separate mobile voice delivers enhanced signaling and call control. network. In Europe, many operators of Global BUSINESS RESULTS Systems for Mobile Communications (GSM) Delivered new fixed-mobile converged voice solution to customers in multiple regions. networks are monitoring technology advances that Reduced capital and operating expenses in purchasing, maintaining, and supporting new will enable them to build an open, IP-based service infrastructure. infrastructure that can provide a reliable foundation Gained competitive advantage by presenting customers with a unified bill. from which to deploy rich multimedia communication services – including mixed telecom and data services and combined fixed and mobile services. The emerging IP Multimedia Subsystem (IMS) approach to deploying IP infrastructure promises to help operators achieve this goal. Mobile TeleSystems (MTS), with multiple networks and more than 50 million existing customers in Eastern Europe and Russia, saw an opportunity to increase its revenue opportunities and market share in large enterprises by offering a fixed-mobile converged voice service. If successful, the service could advance MTS well ahead of its competitors and allow it to capture a significantly large share of the enterprise telecom revenue.
    [Show full text]
  • ASD NTA & Allotment Notice
    Friday, 8 March 2019 ASD NTA & Allotment Notice Smartshares Limited would like to report details of the Units on Issue for the Australian Dividend Fund (ASD) as at 7 March 2019. Units on Issue: 15,304,541 Units Allotted/(Redeemed): - Net Tangible Assets (NTA): $1.61250 Tracking Difference: 1.04% The objective of the Australian Dividend Fund (ASD) is to provide a return that closely matches the return on the S&P/ASX Dividend Opportunities Index. The S&P/ASX Dividend Opportunities Index comprises the 50 highest yielding common stocks from the Australian equity market. The following companies are currently held in the Fund: Code Security description ABC Adelaide Brighton Ltd. APA APA Group API Australian Pharmaceutical Industries Ltd. ASL Ausdrill Ltd. AST AusNet Services Ltd. ASX ASX Ltd. AWC Alumina Ltd. BEN Bendigo and Adelaide Bank Ltd. CBA Commonwealth Bank of Australia CCL Coca-Cola Amatil Ltd. CTX Caltex Australia Ltd. CWN Crown Resorts Ltd. DLX DuluxGroup Ltd. DOW Downer EDI Ltd. ECX Eclipx Group Ltd. FMG Fortescue Metals Group Ltd. GUD G.U.D. Holdings Ltd. GWA GWA Group Ltd. HVN Harvey Norman Holdings Ltd. IAG Insurance Australia Group Ltd. ILU Iluka Resources Ltd. ING Inghams Group Ltd. IPH IPH Ltd. JBH JB Hi-Fi Ltd. LLC Lendlease Group MFG Magellan Financial Group Ltd. MIN Mineral Resources Ltd. MMS McMillan Shakespeare Ltd. MQG Macquarie Group Ltd. MTS Metcash Ltd. NEC Nine Entertainment Co. Holdings Ltd. NHC New Hope Corporation Ltd. PDL Pendal Group Ltd. PMV Premier Investments Ltd. RIO Rio Tinto Ltd. www.smartshares.com RRL Regis Resources Ltd.
    [Show full text]
  • Approved Securities List
    APPROVED SECURITIES LIST DOMESTIC SECURITIES 23 November 2019 The inclusion of a security on our approval list is not advice and is not a recommendation. We change ratios at any time without prior notice to you. Security Description Gearing Managed Funds Ratio We lend between 50% and 70% against most managed funds. APT AFTERPAY TOUCH GROUP LIMITED 40 % Please contact your Account Manager if you wish to discuss a particular fund. APX APPEN LIMITED 40 % Listed Securities ARB ARB CORPORATION LIMITED. 60 % ARG ARGO INVESTMENTS LIMITED 75 % Security Description Gearing ARQ ARQ GROUP LIMITED 50 % Ratio ASB AUSTAL LIMITED 50 % 3PL 3P LEARNING LIMITED.. 40 % AST AUSNET SERVICES LIMITED 65 % A2B A2B AUSTRALIA LIMITED 50 % ASX ASX LIMITED 70 % A2M THE A2 MILK COMPANY LIMITED NZ 40 % AUB AUB GROUP LIMITED 40 % AAC AUSTRALIAN AGRICULTURAL COMPANY 50 % AVJ AVJENNINGS LIMITED 40 % LIMITED. AWC ALUMINA LIMITED 70 % ABA AUSWIDE BANK LTD 40 % AX1 ACCENT GROUP LIMITED 50 % ABC ADELAIDE BRIGHTON LIMITED 65 % AYS AMAYSIM AUSTRALIA LIMITED 50 % ABP ABACUS PROPERTY GROUP STAPLED 50 % AZJ AURIZON HOLDINGS LIMITED 70 % ADH ADAIRS LIMITED 40 % BAP BAPCOR LIMITED 60 % AFI AUSTRALIAN FOUNDATION INVESTMENT 75 % COMPANY LIMITED BBN BABY BUNTING GROUP LIMITED 50 % AGI AINSWORTH GAME TECHNOLOGY LIMITED 55 % BEN BENDIGO AND ADELAIDE BANK LIMITED 70 % AGL AGL ENERGY LIMITED. 70 % BENPE BENDIGO AND ADELAIDE BANK LIMITED 70 % LPYR6UT AHG AUTOMOTIVE HOLDINGS GROUP LIMITED. 50 % BENPF BENDIGO AND ADELAIDE BANK LIMITED 70 % AHY ASALEO CARE LIMITED 65 % LPYR6UT AIA AUCKLAND INTERNATIONAL AIRPORT LIMITED 70 % BENPG BENDIGO AND ADELAIDE BANK LIMITED 70 % NZX LPYR3UT ALF AUSTRALIAN LEADERS FUND LIMITED 50 % BGA BEGA CHEESE LIMITED 60 % ALG ARDENT LEISURE GROUP LIMITED 55 % BHP BHP GROUP LIMITED 75 % ALI ARGO GLOBAL LISTED INFRASTRUCTURE 60 % BIN BINGO INDUSTRIES LIMITED 50 % LIMITED BKL BLACKMORES LIMITED 60 % ALL ARISTOCRAT LEISURE LIMITED 70 % BKW BRICKWORKS LIMITED 60 % ALQ ALS LIMITED 65 % BLD BORAL LIMITED.
    [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]
  • 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]
  • The Climate Risk of New Zealand Equities
    The Climate Risk of New Zealand Equities Hamish Kennett Ivan Diaz-Rainey Pallab Biswas Introduction/Overview ØExamine the Climate Risk exposure of New Zealand Equities, specifically NZX50 companies ØMeasuring company Transition Risk through collating firm emission data ØCompany Survey and Emission Descriptives ØPredicting Emission Disclosure ØHypothetical Carbon Liabilities 2 Measuring Transition Risk ØTransition Risk through collating firm emissions ØAimed to collate emissions for all the constituents of the NZX50. ØUnique as our dataset consists of Scope 1, Scope 2, and Scope 3 emissions, ESG scores and Emission Intensities for each firm. ØCarbon Disclosure Project (CDP) reports, Thomson Reuters Asset4, Annual reports, Sustainability reports and Certified Emissions Measurement and Reduction Scheme (CEMAR) reports. Ø86% of the market capitilisation of the NZX50. 9 ØScope 1: Classified as direct GHG emissions from sources that are owned or controlled by the company. ØScope 2: Classified as indirect emissions occurring from the generation of purchased electricity. ØScope 3: Classified as other indirect GHG emissions occurring from the activities of the company, but not from sources owned or controlled by the company. (-./01 23-./014) Ø Emission Intensity = 6789 :1;1<=1 4 Company Survey Responses Did not Email No Response to Email Responded to Email Response Company Company Company Air New Zealand Ltd. The a2 Milk Company Ltd. Arvida Group Ltd. Do not report ANZ Group Ltd. EBOS Ltd. Heartland Group Holdings Ltd. Do not report Argosy Property Ltd. Goodman Property Ltd. Metro Performance Glass Ltd. Do not report Chorus Ltd. Infratil Ltd. Pushpay Holdings Ltd. Do not report Contact Energy Ltd. Investore Property Ltd.
    [Show full text]