Download - Annual General Meeting
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
June 14 2005
Annual General Meeting
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Sir John BanhamChairman
Agenda for today’s meeting The latest chapter
The next chapter
Questions
AGM business
The latest chapter
Total shareholder returns: 5 years to June 2005 FTSE 100 constituents in 2000
-100%
-50%
0%
50%
100%
150%
200%
250%
300%
TSR over last 5yrs
Whitbread
Total shareholder return
June 2000 - June 2005
50
70
90
110
130
150
170
190
210
230
Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05
TSR
Whitbread FTSE100
The next chapter
“More of the same, but better”
Continued top line organic growth
Like-for-like sales growth
Improvement in returns
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Alan ParkerChief Executive
Trading statement
* Travel Inn only
1.5% 14.1%
First quarter SALES trend - 13 weeks to 2 June
% change vs prior year
Like-for-like total
Premier Travel Inn 8.2* 10.4*
Pub restaurants (1.0) 3.7
High Street restaurants (0.1) 5.5
David Lloyd Leisure 0.1 2.0
Continuing Whitbread 1.0 5.0
One Whitbread - route map
Pub RestaurantsRe organisation
Exit Citypoint
Business Review
June2004
July Aug Sep Oct Nov Dec Feb Mar
100 Day Plan
MarriottAnnouncemen
t
Leadership Convention
Special Dividend
April May
PremierLodge
Acquisition
June2005
Courtyard Sale
100 Day PlanKey exec appointments
AGM
Chairmansuccession
Jan2005
AGM
2004/5 financial highlights
Pre-tax profits up 17.8%
Pre-tax, pre-exceptional profits up 9.4%
Earnings per share (adjusted) up 10.1%
Full year dividend per share up 13.2%
Return on capital employed 2004/5
11.4%
9.4%
0
2
4
6
8
10
12
As reported Pro Forma, excluding Marriott
%
The Whitbread family
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Agenda 2005/6 - the year of ROCE step up Drive like-for-like sales
Improve operational efficiency
Achieve disciplined growth
One Whitbread No Limits culture
WINcard - Whitbread in Numbers
The Whitbread Way
We believe in…
People and Teamwork
Caring for Guests
Passion for Winning
Continuous Improvement
One Whitbread synergiesPeople
Property
ProcessProcurement
Hotels
Health & Fitness
Restaurants
Agenda 2005/6 - the year of ROCE step up Drive like-for-like sales
Improve operational efficiency
Achieve disciplined growth
One Whitbread No Limits culture
Execute the restructuring
Summary Whitbread is the UK’s No.1 hospitality company
• Hotels
• Restaurants
• Health & fitness
2004/5 - restructuring for future growth and shareholder value
2005/6 - focus on execution, disciplined growth and improved returns
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Shareholder questions
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
11Resolution one
Total proxy votes received
133,148,198
For
Against
130,054,476368,013
Abstained 2,725,709
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
22Resolution two
Total proxy votes received
133,136,197
For
Against
126,286,2821,186,760
Abstained 5,663,155
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
33Resolution three
Total proxy votes received
133,161,069
For
Against
133,149,5195,761
Abstained 5,789
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
44Resolution four
Total proxy votes received
133,108,333
For
Against
132,519,262518,937
Abstained 70,134
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
55Resolution five
Total proxy votes received
133,104,686
For
Against
132,682,040355,315
Abstained 67,331
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
66Resolution six
Total proxy votes received
133,100,197
For
Against
132,385,453657,784
Abstained 56,960
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
77Resolution seven
Total proxy votes received
133,100,357
For
Against
132,796,144250,313
Abstained 53,900
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
88Resolution eight
Total proxy votes received
133,098,724
For
Against
132,480,667554,827
Abstained 63,230
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
99Resolution nine
Total proxy votes received
133,146,706
For
Against
132,441,767683,690
Abstained 21,249
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1010Resolution ten
Total proxy votes received
133,123,475
For
Against
131,202,4861,865,848
Abstained 55,141
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1111Resolution eleven
Total proxy votes received
133,079,717
For
Against
131,849,4771,106,920
Abstained 123,320
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1212Resolution twelve
Total proxy votes received
133,100,443
For
Against
132,773,073122,921
Abstained 204,449
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1313Resolution thirteen
Total proxy votes received
133,077,435
For
Against
131,251,385556,741
Abstained 1,269,309
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
June 14 2005
Annual General Meeting
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE