Flight Centre Travel Group (FLT) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with a quorum, hybrid format enabled in-person and online participation, including voting and Q&A.

• Directors, executives, and auditor representatives were introduced to attendees.

• Voting procedures and Q&A protocols for both in-person and online shareholders were outlined.

• Chairman's address delivered by Gary Smith, followed by CEO Graham Turner, resolutions, and general questions outlined as agenda items.

Financial performance review

• Achieved record TTV of AUD 23.74 billion, up AUD 1.8 billion year-on-year, surpassing FY19 levels.

• Underlying PBT rose 131% to AUD 320 million; statutory PBT increased to AUD 220 million.

• Record AUD 421 million operating cash inflow and AUD 450 million in capital management initiatives during FY24.

• Balance sheet strengthened with net cash rising from AUD 264 million to AUD 422 million; AUD 350 million debt facility refinanced and extended.

• Corporate segment achieved 44% underlying PBT increase to AUD 211 million; leisure segment more than doubled underlying PBT to AUD 188 million.

Board and executive committee updates

• Board actively drives continuous improvement in workplace culture and engagement.

• Leadership highlighted ongoing digital transformation and AI initiatives, with oversight from an internal AI Governance Board.

• Resolutions included re-election of directors and approval of incentive plan rights for the managing director.