Corporate Travel Management (CTD) AGM 2024 summary

Opening remarks and agenda

• Chairman welcomed attendees, acknowledged traditional custodians, confirmed quorum, and live streaming for the hybrid AGM.

• Introduced board members, executive team, and external auditor; outlined meeting procedures and agenda.

• Notice of Meeting and minutes of previous AGM were tabled and taken as read.

Financial performance review

• FY24 revenue increased 19% to $716.9m, with EBITDA up 21% to $201.7m, led by strong North America and ANZ performance.

• Statutory NPAT was AUD 84.5 million; underlying NPAT increased 22.5% to AUD 113.3 million.

• Group maintained a strong capital position with AUD 134.8 million in cash, no debt, and access to AUD 100 million in facilities.

• Returned $68.3 million to shareholders via dividends and buybacks; total dividends of $0.29 per share, equal to 50% of NPAT.

• Share buyback program extended to June 2025, with AUD 26.1 million spent in FY24 and a further AUD 23.9 million by September 2024.

Board and executive committee updates

• Jamie Pherous leads global strategy, M&A, and investor relations; Eleanor Noonan (COO) and James Spence (CFO) oversee transformation and capital management.

• Laura Ruffles stepped down; Ana Pedersen appointed Global Chief Commercial Officer.

• Regional leadership transitions: Anita Salvatore (North America) and Michael Healy (Europe) promoted internally.

• Regional CEOs responsible for executing local strategies and customer retention across ANZ, Asia, North America, and Europe.

• Succession planning highlighted as a strength.