Computershare (CPU) AGM 2024 summary

Opening remarks and agenda

• Marked the 30th anniversary of ASX listing, with hybrid participation options for shareholders and proxies; Chair Paul Reynolds and CEO Stuart Irving highlighted the company's evolution and achievements.

• Introduced board members, CEO, and external auditor; outlined meeting procedures and voting process.

• Explained Q&A format, with questions addressed after business items and proxy positions.

Financial performance review

• FY2024 delivered strong results: management EPS up 8.9% to 117.6c, management revenue up 2.1% to $3.3bn, and margin income up 7.3% to $832.1m.

• Management EBIT ex-margin income increased 20.9% to $310.9m; over $600 million in free cash flow generated.

• Total dividend per share reached a record AUD 0.82; share price has grown 25,982% since listing, with current market cap at AU$17bn.

• Since 2019, management EPS averaged 13% annual growth, ROIC rose from 17% to 30.2%, and $1.9 billion distributed to shareholders.

• FY2025 guidance affirmed: management EPS expected to rise 7.5% to $1.26, with EBIT ex-margin income up 15%.

Board and executive committee updates

• Board supported reelection of Paul Reynolds, Lisa Gay, and John Nendick, and election of Gerrard Schmid, each highlighting relevant experience and contributions.

• Board composition reflects global expertise, with directors based in Australia, the U.S., and Canada; board gender diversity at 38% female.

• Expanded board skills with a new non-executive director.