Metcash Limited · ASX:MTS
Metcash — Metcash Trading — FY2006 Earnings Presentation
22 slides from Metcash's earnings presentation, May 24, 2006
Slide 1: Financial Results 52 Weeks Ended April 2006
Financial Results 52 Weeks Ended April 2006 Campbells porves Saar ae pereres
Slide 2: Basis of presentation
All figures include the ex FAL business u otherwise stated from 1 November 2006. The presentation will focus on the "ongoing businesses" excluding significant non-recurring Lads
Slide 3: Financial Highlights; Operating Performance and Strategic Update
Financial Highlights Operating Performance and Strategic Update per Business
Slide 4: Financial Highlights 52 weeks ended April 2006
Financial Highlights 52 weeks ended April 2006 Growth of 10 % in wholesale sales to $7. Growth of 19.5% in ebita to $226.9 million. Cashflow from trading of $236.9 million for the year. Increased net interest paid of $39 million as a result of ''ge: the balance sheet. Reduction in intangible amortis
Slide 5: 2004 2003 2005 2006 Ss
002 2004 2003 2005 2006 Ss
Slide 6: 189.9 179.50 152.70 s 117.40 ie 91.60 FY2002 Fy2003 FY2004 FY2005 FY2006
189.9 179.50 152.70 s 117.40 ie 91.60 FY2002 Fy2003 FY2004 FY2005 FY2006
Slide 7: % 1.35% 1.70% 2.04% 2.56% 2.28% 2.72% a FY2003 FY2004 FY2005 FY2006
% 1.35% 1.70% 2.04% 2.56% 2.28% 2.72% a 02 FY2003 FY2004 FY2005 FY2006
Slide 8: FY2003_ FY2004 FY2005 Fy2006
136.00 148.00 171.30 129.30 FY2003_ FY2004 FY2005 Fy2006
Slide 9: 80.50% 75.20% % 71.00% 68.65% 68.24% 6716%
80.50% 75.20% % 71.00% 68.65% 68.24% 6716%
Slide 10: 2002 FY2003 FY2004. FY2005 FY2006
2002 FY2003 FY2004. FY2005 FY2006 estructure Costs and 2005 stated under Agaap. LS
Slide 11: cents
cents 8.89 2 q I t T i 02 FY2003 FY2004 FY2005 FY2006 ad Restructure Costs
Slide 12: Wholesale sales up 7.4% to $4.1 billion
Wholesale sales up 7.4% to $4.1 billion. Excluding sales to Franklins in FY 2005 sal Comp store sales (excluding the acquired FAL bus up 6.3%.
Slide 13: Operating Performance
iJ Jperating Performance A> ended Ap 006 Ebit $175.8 million up 24.1% on last Ebit excluding Franklins up 32.3% on la Voice-Pick implemented at all four dry grocery — S warehouses — frozen and chilled DC's to be complete April 2007. stern Australian warehouses to be fully converted to ogistics Platf
Slide 14: Operating Performance - new stores opened during the year
Jperating Feriormance — 52 Weeks ended April 2006 44 new stores opened during the year 48 major refurbishments done during the 76 new stores "on the drawing board" IGA store numbers now: Supa IGA 357 IGA 670 Friendly Grocer/IGA Xpress. 301 A successfully launched in WA, 1°t May, 2006. cus on buildin
Slide 15: Ex Action stores trending positively
Ex Action stores trending positively. All ex Action stores (excluding 12 in WA) and handed over by November 2006. Further strong Corporate Brands growth: : Black & Gold -972:-sku's ag GA/Controlled Brands - 553 sku's «score flat but will improve over the coming A Fresh is rolled out.
Slide 16: Sales and store development
B ‘ Sales: ali — Stores: 700 (350 Branded). | eal Growth: Like for like growth of 6% _ | Corporate Identity: Rebranded 350 stores. s tore Development: _ 37 new stores over the next 12 nths and 44 refurbished and expanded stores
Slide 17: Operating Performance - 52 Weeks ended April 2006
Operating Performance — ___52 Weeks ended April 2006 Sales up 11.6% on last year Independent Brands of Australia Cellarbrations 225 stores IGA Plus Liquor 452 stores Liquor Force 863 stores Cheeers 107 stores Liquor Wise (Hotels) 173 outlets ttle on Premise $296 million wholesale. Liquor Alliance" b
Slide 18: Ebit up 17.6% to $30.7 million
Ebit up 17.6% to $30.7 million After installing Voice-Pick total case through put i1 After 12 months 15-20% After 24 months >25% pect to improve productivity by up to 15% after n of the Crestmead Qld Mega Center.
Slide 19: iy oe fe
Le iy oe fe Sales up 15.8% on last year: Primary categories up 34.2% Confectionery up 30.4% _ Ebit up 22.5% to $21.2 million Favorable product mix change: Primary sales now over 55% of total. Campbell
Slide 20: Modern Petrol and Convenience Business
Vy Modern Petrol and Convenience Business 16.4% through the CSD Division. Market share now at 26% of a $3.6billion mare Sales to 7-Eleven up 66% with a further $180millio realised in FY2007. Strong interest in lowest cost/one stop convenience supply chain solution from other Cstore players in Metrop
Slide 21: Strong performance of Core IGA
Strong performance of Core IGA>| Successful integration of FAL WA and Q : | enture buying group launched with Foodstuffs. incremental Ebit range of $80-$90million in
Slide 22: Slide 22