Woolworths Group Ltd · ASX:WOW
Woolworths — Shareholder Meeting (June 2021)
13 slides from Woolworths's shareholder meeting presentation, Jun 18, 2021
Slide 1: General Meeting Chairman's Address and Presentation
18 June 2021 For personal use only ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 General Meeting Chairman’s Address and Presentation Please see attached the Chairman’s address and presentation to today’s Woolworths Group General Meeting. Authorised b
Slide 2: Chairman's Address
General Meeting 2021 Chairman’s Address Friday 18 June 2021, 11 am (AEST) For personal use only Now ladies and gentlemen let me turn to the main item of business. Today’s meeting marks the final step in our three-stage process to transform and separate Endeavour Group. Following your approval at our
Slide 3: Chairman's Address (continued)
The new structure, if approved today, also positions Woolworths Group and Endeavour Group to succeed in partnership. Both businesses will continue to work together to retain the benefits of leading infrastructure built by Woolworths Group across its core competencies. The key anticipated benefits un
Slide 4: Chairman's Address (continued)
However, the total number of shares on issue in Endeavour Group will be higher than Woolworths Group reflecting the shares retained by Woolworths Group and BMG at demerger. It is expected Endeavour Group will start trading on the ASX on 24 June on a conditional and deferred settlement basis. For per
Slide 5: Chairman's Address
For personal use only 8 Chairman’s Address
Slide 6: Endeavour Group Transformation
Endeavour Group Transformation For personal use only Stage 1 Stage 2 Stage 3 Restructure ALH Merger Separation • Internal reorganisation of • Endeavour to acquire BMG’s interest • Separation of Endeavour Group Woolworths Group to create a in ALH in exchange for issuing BMG from Woolworths Group via
Slide 7: Rationale for the demerger
Rationale for the demerger For personal use only o Simple and more Joint customer food o Simplified and customer- agile operating model and drinks offer in centric business store and online o Increased focus on o Clear purpose across Everyday Rewards growing its food and Retail, Hotels and its p
Slide 8: Ongoing win-win partnership with Endeavour Group
Ongoing win-win partnership with Endeavour Group For personal use only Partnership agreements between Woolworths Group and Endeavour Group extend choice for customers to meet their everyday needs through both Woolworths Group’s businesses and partners Key anticipated benefits to be delivered under t
Slide 9: Australia's leading drinks and hospitality business
Australia’s leading drinks and hospitality business For personal use only $10.6B $693M F20 Sales (F19 $10.3B) F20 EBIT (F19 $861M) Pinnacle Drinks provides products and services capabilities across the entire group, including a portfolio of exclusive brands, vertically integrated production and serv
Slide 10: Australia and New Zealand's leading food and everyday needs business
Australia and New Zealand’s leading food and everyday needs business For personal use only 1 Pro forma revenue and pro forma EBIT from continuing operations, including the impact of adopting AASB 16 (excluding Endeavour Drinks and Hotels revenue and EBIT). F20 includes 52 weeks of trading (F19: 53 w
Slide 11: Overview of the demerger
Overview of the demerger For personal use only • Demerger to occur via a distribution of Simplified structure of Woolworths Group and Endeavour Endeavour shares Group immediately following the demerger • Eligible shareholders will receive one Endeavour share for every share held in Woolworths Group
Slide 12: Demerger expected to create value for shareholders
Demerger expected to create value for shareholders For personal use only Woolworths Group Board unanimously recommends you vote in favour of the demerger Grant Samuel & Associates, the Independent Expert, has concluded that the demerger is also in the best interests of Woolworths Group shareholders
Slide 13: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Woolworths Group Limited (Woolworths Group) and its activities current as at the date of this presentation. It is sourced from and should be read in conjunction with Woolworths’ other periodic and continuous disclo