Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2019)
23 slides from Jb Hi-fi's shareholder meeting presentation, Oct 24, 2019
Slide 1: JB Hi-Fi Limited 2019 AGM
For personal use only JB Hi-Fi Limited 2019 AGM 24 OCTOBER 2019 PAGE 1
Slide 2: Agenda
Agenda For personal use only 1. Chairman’s address Greg Richards 2. Group CEO’s address Richard Murray 3. Items of business Greg Richards Item 1: Financial and other reports Item 2: Remuneration Report Item 3: Re-election of Directors Item 4: Approval of grant of restricted shares to Executive Direc
Slide 3: Chairman's address
For personal use only Chairman’s address GREG RICHARDS 24 OCTOBER 2019 PAGE 3
Slide 4: The Group model - Two leading retail brands
The Group model - Two leading retail brands For personal use only A dual branded retail combination Leading retailer of technology and Leading retailer of home appliances Product offering consumer electronics and consumer electronics Strong position with a young tech Strong position with home-making
Slide 5: Motivated, passionate and knowledgeable staff
Motivated, passionate and knowledgeable staff For personal use only The Group employs approximately 12,500 staff across Australia and New Zealand 24 OCTOBER 2019 PAGE 5
Slide 6: Governance, Environmental & Social matters
Governance, Environmental & Social matters For personal use only The Board is committed to ensuring that the Group’s business is conducted ethically and in accordance with high standards of corporate governance 24 OCTOBER 2019 PAGE 6
Slide 7: A focus on long term shareholder value
A focus on long term shareholder value For personal use only JBH share price CAGR of 20.7% since listing, compared to 4.5% on the ASX 200 over the same period $40.00 $35.00 $30.00 $25.00 Share Price $20.00 $15.00 $10.00 $5.00 $0.00 JB Hi-Fi Share Price ASX 200 (rebased against JBH share price) 24 OC
Slide 8: Group CEO's address
For personal use only Group CEO’s address RICHARD MURRAY 24 OCTOBER 2019 PAGE 8
Slide 9: Supporting our communities with Workplace Giving
Supporting our communities with Workplace Giving For personal use only • Over 8,500 staff members donate every week • The Group matches these regular employee contributions dollar for dollar • Proudly supporting 21 charities • Over $3.0m raised in FY19 • Over $17.5m raised since inception • Includin
Slide 10: FY19 Group results
FY19 Group results For personal use only Total sales up 3.5% to $7.1b NPAT up 7.1% to $249.8m EPS up 7.1% to 217.4cps 6.9 7.1 250 217 233 203 5.6 208 186 4.0 152 152 3.7 137 138 1 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY171 FY18 FY19 Sales ($bn) NPAT ($m) Earnings per Share (ce
Slide 11: FY19 Brand performance
FY19 Brand performance For personal use only Growth FY19 FY18 $m % Sales ($m) - JB HI-FI Australia 4,726.0 4,539.7 186.3 4.1% ▲ - JB HI-FI New Zealand (NZD) 236.2 231.5 4.7 2.0% ▲ - The Good Guys 2,147.9 2,101.3 46.7 2.2% ▲ Total Sales (AUDm) 7,095.3 6,854.3 241.0 3.5% ▲ EBIT ($m) - JB HI-FI Austral
Slide 12: FY20 Trading update & outlook
FY20 Trading update & outlook For personal use only Q1 FY20 sales update: • Total sales growth for JB HI-FI Australia was 4.7% (pcp: 5.3%) with comparable sales growth of 3.7% (pcp: 3.4%) • Total sales growth for JB HI-FI New Zealand was 3.8% (pcp: 4.0%) with comparable sales growth of 3.8% (pcp: 9.
Slide 13: Items of Business
For personal use only ITEMS OF BUSINESS 24 OCTOBER 2019 PAGE 13
Slide 14: Item 1: Financial and other Reports
Item 1: Financial and other Reports For personal use only “To receive and consider the Financial Report, the Directors’ Report and Auditor’s Report for the financial year ended 30 June 2019.” 24 OCTOBER 2019 PAGE 14
Slide 15: Procedure for the remainder of the meeting
Procedure for the remainder of the meeting For personal use only • Each item requires a formal vote • Shareholders will be given the opportunity to ask questions • Voting on each item will be by Poll rather than by show of hands • Attendees wishing to vote should use the electronic handsets provided
Slide 16: Voting instructions
Voting instructions For personal use only When the chairman opens the poll, instructions will appear in the device screen. Use the red triangle , green square and blue track ball to select/navigate through the screens. 24 OCTOBER 2019 PAGE 16
Slide 17: Voting instructions
Voting instructions For personal use only When presented with the list of resolutions, use the blue track ball to scroll through the resolutions. Press the green square to bring up the details of that resolution, then press the green square again to bring up your voting options. 24 OCTOBER 2019 PAGE
Slide 18: Voting instructions
Voting instructions For personal use only Voting options will appear on the screen. Press: - Button 1 to vote for - Button 2 to vote against - Button 3 to withhold your vote Confirmation that your vote has been received will appear on the screen. 24 OCTOBER 2019 PAGE 18
Slide 19: Voting instructions
Voting instructions For personal use only To change your vote, simply enter your new choice (1, 2 or 3) to overwrite your previous selection. If you wish to Cancel your vote, press the ‘X’ button. Press the green square to advance to the next resolution or press the red triangle to return to the lis
Slide 20: Item 2: Remuneration Report
Item 2: Remuneration Report For personal use only "That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2019 be adopted." 69,316,406 82.24% 160,435 0.19% The Chairman intends voting his open / undirected proxies in favour of the resolution. 14
Slide 21: Item 3: Re-election of Directors
Item 3: Re-election of Directors For personal use only (a) "That Mr Greg Richards, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers himself for re-election, is re-elected as a Director of the Company." 79,218,424 93.88% 161,611
Slide 22: Item 3: Re-election of Directors
Item 3: Re-election of Directors For personal use only (b) "That Mr Mark Powell, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers himself for re-election, is re-elected as a Director of the Company." 83,814,535 99.32% 185,936 0
Slide 23: Item 4: Approval of grant of restricted shares to Executive Director
Item 4: Approval of grant of restricted shares to Executive Director For personal use only "That approval be and is hereby given to the grant to Mr Richard Murray of 51,723 ordinary shares in the Company, on the terms and conditions summarised in the Explanatory Notes." 69,657,154 82.62% 160,276 0.1