Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2004)
12 slides from Jb Hi-fi's shareholder meeting presentation, Oct 26, 2004
Slide 1: JB Hi-Fi Limited Annual General Meeting 2004
WB AFL JB Hi-Fi Limited Annual General Meeting 2004
Slide 2: Agenda
Agenda Ordinary Business: 1. Presentations by Chairman and Chief Executive Officer 2. Tabling & Consideration of 2004 Financial Reports 3. Election of Directors Special Business: 4. Increase in Directors’ Fees iS if
Slide 3: Ordinary Business - Item 1a: Chairman's Address
Ordinary Business - Item 1a iS if Chairman’s Address
Slide 4: Chairman's Address
Chairman’s Address Four Key Drivers: 1. We must attract and retain the best suppliers in the industry * History of growing supplier market share * Scale increases purchasing power 2. We must have the lowest cost base + Opex as a % of sales 17.8% « Supports every day low price strategy 3. We must sec
Slide 5: Chairman's Address - cont'd
Chairman’s Address - cont’d ral = > Key revenue drivers * 6 new stores FY04 * 8% comparable store growth * Technology driving replacement and new markets > Price deflation has to date been a positive influence + Inearly stages of new technology falling prices lead to increased penetration rates « At
Slide 6: Chairman's Address - cont'd
Chairman’s Address ~- cont’d iS if > Board composition to provide relevant and complimentary skills Interpersonal dynamic both questioning and supportive of management Adopted ASX best practice governance guidelines > Recognise and reward superior performance with both short and long term incentives
Slide 7: Ordinary Business - Item 1b: Chief Executive Officer's Address
Ordinary Business - Item 1b iS if Chief Executive Officer’s Address
Slide 8: Financial Summary FY04
Financial Summary FY04 Sales +27% Sales grew 27.1% to $452.4 million. Camparable store growth was 8.0% NPAT +61% Net profit after tax grew 60.7% $13.8 million Stores +6 6 new stores were opened, taking the total stores ta 32 at year end. 3452.40 $365.8 $248.2m $154.9m 2001 2008 2003 2004 $135m sem $
Slide 9: Financial Summary 1st Qtr FY05
Financial Summary 1*t Qtr FY05 iS if For the 3 months to September 2004: > Sales were up 60%, including Clive Anthonys business > Comparable store growth was 9.2%, however we expect this to soften during the remainder of the year. > Clive Anthonys continues to trade well > 2 JB stores opened so far
Slide 10: Tabling & Consideration of 2004 Financial Reports
Ordinary Business - Item 2 iS if Tabling & Consideration of 2004 Financial Reports
Slide 11: Election of Directors
Ordinary Business - Item 3 Election of Directors iS if -10
Slide 12: Special Business: Increase in Directors' Fees
Special Business - Item 4 Increase in Directors’ Fees iS if -11