Annua Annual Sha Sharehol eholders ders Meet Meeting ng 28 28 - - PowerPoint PPT Presentation

Annua Annual Sha Sharehol eholders’ ders’ Meet Meeting ng 28 28 A August 20 2019 19

Tony Ca y Carter, , Chair Chairma man

Your ur Bo Board

Tony Carter Lewis Gradon Michael Daniell Geraldine McBride Neville Mitchell Donal O’Dwyer Scott St John Pip Greenwood

Age genda da

• Chair’s Address
• Board Subcommittee Updates
• Managing Director and Chief Executive Officer’s Review
• Financial Statements
• Resolutions
• Voting
• General Questions

Operating Revenue

↑

FY20 FY2019 9 Fina Financia ncial H l Hig ighlig hlights hts

Net Profit After Tax Dividend

$1.07B $209.2M 9% ↑9% 22.35 cents ↑10%

FY20 FY2019 9 Revenue nue by P y Product uct Group up

Distributed & Other 1%

OF OPERATING REVENUE

Hom

• meca

care

39%

OF OPERATING REVENUE

Hos

• spita

ital

60%

OF OPERATING REVENUE

Hosp spita ital P l Product uct Group up

12%

NZ$

11%

Constant Currency

↑ ↑

357.2 436.3 500.4 572.1 642.3

FY15 FY16 FY17 FY18 FY19

FY19 R FY19 Resul esult

Revenue

Revenu enue G e Growth th

$642M

Hom

• mecare Produ
• duct G

Grou

• up

6%

NZ$

4%

Constant Currency

↑ ↑

357.2 436.3 500.4 572.1 642.3

FY15 FY16 FY17 FY18 FY19

FY19 R FY19 Resul esult

Revenue

Revenu enue G e Growth th

$421M

302.0 365.8 381.5 398.1 421.4

FY15 FY16 FY17 FY18 FY19

Gross a s and nd Operating ting Ma Margins ins

Gross Margin

Long Term Gross Margin target – 65%

0% 10% 20% 30% 40% 50% 60% 70% 2015 2016 2017 2018 2019

Operating (EBIT) Margin

Long Term Operating Margin target – 30%

0% 5% 10% 15% 20% 25% 30% 2015 2016 2017 2018 2019

Your ur Bo Board

Tony Carter Lewis Gradon Michael Daniell Geraldine McBride Neville Mitchell Donal O’Dwyer Scott St John Pip Greenwood

Scott S tt St t John hn

Audit it & Risk Risk Commit ittee Ch Chair ir

Pip p Gree eenwood

• od

People le & & Remuneratio ion Commit ittee Ch Chair ir

Do Donal O nal O’Dw ’Dwyer

Qu Qualit lity, Sa , Safety & & Regula latory ry Commit ittee Ch Chair ir

Lewis G is Gradon, n, Ma Mana naging ing Dir Direct ctor and and CE CEO

FY20 FY2020 20 O Outlo utlook

Fir irst H t Half alf Expect at current exchange rates Operating Revenue Approximately $560 million Net Profit after Tax Approximately $120 million Full Y ll Year ar Expect NZD:USD exchange rate of ~0.64 for the balance of the year Operating Revenue Approximately $1.17 billion Net Profit after Tax Approximately $245 - $255 million

Fifty Fifty Years s of f Ca Care

1969 - Agee Jar Humidifier 2019 - F&P 950 Humidifier

Lynd yndal Y l York

Ch Chie ief F Fina inancia ial l Offi fficer er

OUR ASPIRATION: Sustainably DOUBLING

• ur constant

currency revenue every 5-6 years.

Growth S th Str trategy

Lewis G is Gradon, n, Ma Mana naging ing Dir Direct ctor and and CE CEO

Tony Ca y Carter, , Chair Chairma man

Financia Financial S l Sta tateme ments nts

• Opportunity for shareholders to ask

any questions specifically on the financial statements, the auditor’s report or the company’s 2019 annual report.

• There will be an opportunity to ask

any general questions once all items

• n the agenda have been considered.

Reso solutio lutions ns

1. Re-election of Lewis Gradon as Director 2. Re-election of Donal O’Dwyer as Director 3. Election of Neville Mitchell as Director 4. Auditor’s Remuneration 5. Issue of Performance Share Rights 6. Issue of Options 7. Company Constitution

Three Wa Ways to Vo Vote

1. Use your voting card (in person) 2. Use your smartphone using the LINK App (in person) 3. Electronic voting form (online)

Reso solutio lution n 1: : Re-ele lectio ction n of f Lewis is Gradon

That Lewis Gradon, who retires by rotation and, being eligible, offers himself for re-election, be re-elected as a director of the Company.

Reso solutio lution n 2: R 2: Re-ele lectio ction n of Do f Dona nal O l O’Dw ’Dwyer

That Donal O’Dwyer, who retires by rotation and, being eligible, offers himself for re-election, be re-elected as a director

• f the Company.

Reso solutio lution n 3: 3: Ele lectio ction o n of N f Neville ille Mit Mitche chell ll

That Neville Mitchell, who being eligible,

• ffers himself for election, be elected as a

director of the Company.

Reso solutio lution n 4: A : Aud udit itor’s R s Remune muneratio tion

That the Directors be authorised to fix the fees and expenses of PwC as the Company’s auditor.

Reso solutio lution n 5: 5: Issue sue of f Performa manc nce Sha hare Rig Rights hts

That approval be given for the issue of up to 60,000 performance share rights under the Fisher & Paykel Healthcare Performance Share Rights Plan to Lewis Gradon, Managing Director and Chief Executive Officer of the Company.

Reso solutio lution n 6: 6: Issue sue of f Optio tions ns

That approval be given for the issue of up to 190,000 options under the Fisher & Paykel Healthcare 2003 Share Option Plan to Lewis Gradon, Managing Director and Chief Executive Officer of the Company.

Reso solutio lution n 7: 7: Comp mpany C y Cons nstitutio titution

That the existing constitution of the Company is revoked, and the constitution presented at the meeting, and referred to in Explanatory Note 5 of the Notice of Meeting, is adopted as the Constitution of the Company.

Voting

• In respect of each resolution, please tick the “for”, “against” or “abstain” box.
• Once you have completed your voting, please hand your paper to a representative

from Link Market Services.

• Please raise your hand if you require a pen.
• Results will be announced to NZX and ASX as soon as they are available.

Ques Questions tions?