ASX (ASX) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional custodians, and outlined safety procedures for the meeting.

• Introduced board members, CEO, company secretary, and external auditor.

• Outlined agenda, question, and voting procedures, emphasizing shareholder engagement and transparency.

• Explained polling process for voting and confirmed chair's proxy voting intentions.

Financial performance review

• Achieved record operating revenue of AUD 1.003 billion in FY 2024, up 2.4% despite challenging conditions.

• Underlying NPAT was AUD 474.2 million, slightly lower due to a 14.7% increase in expenses from strategic investments.

• Launched first corporate bond, raising AUD 275 million as part of capital management.

• Paid fully franked final dividend of AUD 1.068 per share, total AUD 2.08 per share for the year.

• Maintained dividend payout range of 80%-90% of underlying NPAT for the medium term.

Board and executive committee updates

• Board focused on New Era strategy, stakeholder engagement, CHESS replacement, and board renewal.

• Chair Damian Roche announced retirement; David Clarke appointed chair-elect, pending vote.

• Six new directors joined since April 2021, including Wayne Byres in May 2024.

• Board renewal aimed at strengthening skills in technology, transformation, regulation, and risk.