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 delivered addresses highlighting the company's evolution and achievements.

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

Financial performance review

• FY2024 management revenue reached $3.3bn, up 2.1%, with management EPS up 9% to $1.18 (117.6c), and all key revenue lines grew.

• Margin income rose 7.3% to $832.1m; management EBIT ex. MI increased 20.9% to $310.9m.

• Over the last five years, earnings, dividends, and returns on capital have nearly doubled; $1.9bn paid in distributions and $486m in buybacks.

• Return on invested capital peaked at 30.2%, with a five-year management EPS CAGR of 13%.

• Share price has grown 25,982% since listing, with current market cap at AU$17bn.

Dividend announcements

• Total FY2024 dividend per share set at a new high of AUD 0.82; final dividend per share for FY24 was 42c (unfranked), up 5%.

• Interim dividend franked at 20% due to most profits being generated outside Australia.

• AU$1.9bn distributed to shareholders over five years; AU$486m spent on buybacks.