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Full Year Presentation 9 August 2004

Full Year Presentation 9 August 2004. This presentation relates to the Freightways Limited NZX announcement and media release of 9 August 2004. As such it should be read in conjunction with, and is subject to the explanations and views contained in, those releases. Presentation.

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Full Year Presentation 9 August 2004

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  1. Full Year Presentation 9 August 2004

  2. This presentation relates to the Freightways Limited NZX announcement and media release of 9 August 2004. As such it should be read in conjunction with, and is subject to the explanations and views contained in, those releases.

  3. Presentation • 2004 highlights • Operating performance • Strategy and outlook

  4. 2004 Highlights

  5. General Highlights • Successful transition to public listing • All subsidiaries have performed very well • Recent acquisition at expectation • IPO forecast has been exceeded • Growth underpinned by increasing demand for Freightways’ services

  6. Financial Highlights

  7. Performance vs. IPO Forecast

  8. Operating Performance

  9. Operating Revenue • 10% revenue growth in 2004 • 5-year compound average revenue growth of 7%

  10. Where Revenue Growth Has Come From

  11. EBITA • 27% EBITA growth in 2004 • 5-year compound average EBITA growth of 18%

  12. Drivers of 2004 EBITA growth • Disciplined margin focus relating to new business • Favourable business mix • Productivity gains • Good cost control • Operating leverage gained by adding revenue to established national infrastructure

  13. Cash Flows

  14. Balance Sheet

  15. Dividend

  16. Strategy and Outlook

  17. Strategy • Continued development of growth opportunities in Freightways’ existing three core markets • Positioning, People, Performance, Profit • Explore incremental and complementary growth opportunities • Invest in IT and infrastructure

  18. Outlook • Economy favourable from Freightways’ perspective • No change expected to Freightways’ operating environment • Consistent application of proven market strategies • Business as usual

  19. Summary • Strong successful business • Positioned to deliver continuing earnings growth • Delivering an attractive dividend yield

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