44bkthx66z0gzw.pdf - For personal use only DWS Limited ACN 085 656 088 Manager Companies Company Announcements Office Australian Securities Exchange

44bkthx66z0gzw.pdf - For personal use only DWS Limited ACN...

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DWS Limited ACN 085 656 088 Manager Companies Company Announcements Office Australian Securities Exchange Limited Level 4, Stock Exchange Centre 20 Bridge Street SYDNEY NSW 2000 14 November 2019 Dear Sir/Madam AGM Address to Shareholders Please find attached the DWS Limited Annual General Meeting (AGM) Address to Shareholders for 2019, incorporating the Non-Executive Chairman and Managing Director ’s address to shareholders that will be delivered at the Company’s AGM in Melbourne this morning. Yours sincerely Stuart Whipp Company Secretary DWS Limited For personal use only
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1 DWS Limited Chairman and Managing Director ’s proceedings of Annual General Meeting of the Shareholders to be held at the offices of Grant Thornton Australia, Collins Square, Level 22, Tower 5, 727 Collins Street, Melbourne VIC 3008 at 11.30am Australian Eastern Daylight Time (AEDT) on Thursday 14 th November 2019. 1. Introduction by Non-Executive Chairman Good morning ladies and Gentlemen. My name is Martin Ralston and I am the Non- Executive Chairman of DWS Limited. 2. Declaration of quorum and opening of meeting The Secretary has advised that a quorum is present. I therefore declare the meeting open and have pleasure in welcoming you to this Annual General Meeting of DWS Limited (“DWS” or “the Company”) . 3. Introduction of Directors and Company Secretary My first duty is to introduce the Directors and Company Secretary. Directors: Gary Ebeyan; Hayden Kelly; Selina Lightfoot; Danny Gorog; Danny Wallis, who is Managing Director and CEO of DWS; and DWS Company Secretary and CFO, Stuart Whipp. 4. Apologies There are no apologies. 5. Notice of Meeting As the Notice of Annual General Meeting has been circulated to all shareholders, I propose that the notice convening the meeting be taken as read. I will now hand over to Danny Wallis, our Managing Director and CEO who will address the meeting. For personal use only
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2 6. Managing Director ’s a ddress to shareholders Good morning everyone and thank you for coming today. 6.1 Operating environment and financial performance for 2019 The 2019 financial year (“FY1 9 ”) was another year of change for the DWS Limited Group. We successfully executed a key part of our strategy; the diversification of our earnings and an increase in project work from Government and Defence as a result of our acquisition of Projects Assured. This has reduced our reliance on the banking and finance industry and increased our work with Federal Government departments. With mixed business conditions in Australia, DWS performed well. Revenue for the Group grew to $163.5 million and underlying EBITDA increased to $26.4 million. Normalised NPAT also increased to $16.0 million giving rise to normalised E arnings Per Share (“EPS”) of 12.73 cents per share compared to normalised EPS of 12.07 cents per share for 2018.
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