Slide 1: 2016 Full-year Results Supplementary Information
2016 Full-year Results Supplementary Information Wednesday, 24 August 2016 (to be read in conjunction with the 2016 Full-year Results Briefing Presentation)
Slide 2: Presentation outline
Presentation outline Item Presenter Page Group Balance Sheet Terry Bowen 3 Coles John Durkan 6 Home Improvement John Gillam 10 Department Stores Guy Russo 13 - Target Guy Russo 14 - Kmart Ian Bailey 18 Officeworks Mark Ward 22 Industrials Rob Scott 25 - Chemicals, Energy & Fertilisers 26 - Industria
Slide 3: Group Balance Sheet
Group Balance Sheet Terry Bowen Finance Director Wesfarmers Limited
Slide 4: Group management balance sheet – overview
Group management balance sheet – overview ($m)1 FY16 FY15 Commentary Inventories 6,260 5,497 Receivables & prepayments 1,950 1,658 Trade & other payables (6,492) (5,764) Detailed working capital discussion provided on slide 5 Other 411 393 Net working capital 2,129 1,784 Property, plant & equipment
Slide 5: Balance sheet – working capital
Balance sheet – working capital ($m)1 FY16 FY15 Commentary Inventories 6,260 5,497 Higher inventories in Retail • Investments made to improve stock availability in Homebase • Investments to support sales growth • Effect of depreciating AUD Lower inventories in Industrials • Lower coal production • T
Slide 6: Coles
Coles John Durkan Managing Director Coles
Slide 7: Coles network
Coles network as at 30 June 2016 Selling Area Supermarkets (sqm) 1,789,290 6 7 11 Liquor (sqm) – ex hotels 208,233 160 228 77 92 111 4 79 132 787 Supermarkets 57 34 7 45 865 Liquor stores 250 278 1 89 Hotels 216 192 690 Convenience 206 207 16 15 Coles 2016 Full-year Results | 7
Slide 8: Store network movements
Store network movements Open at 30 Open at 30 Opened Closed Re-branded June 2015 June 2016 Supermarkets Coles 771 15 (5) 5 786 Bi-Lo 5 - (4) - 1 Total Supermarkets 776 15 (9) 5 787 Liquor First Choice 100 2 (5) - 97 Vintage Cellars 79 3 (1) - 81 Liquorland 679 32 (24) - 687 Hotels 90 - (1) - 89 Tota
Slide 9: Revenue reconciliation
Revenue reconciliation 2016 2015 Year ended Food & Food & Convenience Total Convenience Total 30 June ($m) Liquor Liquor Segment revenue 32,564 6,678 39,242 30,784 7,417 38,201 (Gregorian)1 Less: Other revenue (415) (13) (428) (279) (13) (292) Headline sales 32,149 6,665 38,814 30,505 7,404 37,909 (
Slide 10: Home Improvement
Home Improvement John Gillam Chief Executive Officer Bunnings Group
Slide 11: Home Improvement: store network location
Home Improvement: store network location as at 30 June 2016 Australia & New Zealand United Kingdom & Ireland Smaller Warehouse Trade Homebase format stores Centres stores stores New Zealand 25 19 7 Republic of Ireland 11 New South Wales / ACT 71 16 7 Northern Ireland 9 Queensland 42 9 7 Scotland 21
Slide 12: Home Improvement: store network movements
Home Improvement: store network movements Open at Open at Under 30 June Opened Closed 30 June Expanded construction 2015 2016 30 June 2016 Australia & New Zealand Bunnings Warehouse 236 14 (6) 244 5 10 Bunnings smaller 65 7 (2) 70 - 3 formats Bunnings Trade 33 1 (1) 33 - - Centres UK & Ireland (acqu
Slide 13: Department Stores
Department Stores Guy Russo Chief Executive Officer Department Stores Managing Director Target
Slide 14: Target
Target Guy Russo Managing Director Target
Slide 15: Target network
Target network as at 30 June 2016 2 1 186 Large 120 Small 33 29 21 12 18 10 57 41 50 26 5 1 Target 2016 Full-year Results | 15
Slide 16: Target network
Target network Open at Open at Opened Closed 30 June 2015 30 June 2016 Large 183 6 (3) 186 Small 122 - (2) 120 Total 305 6 (5) 306 Target 2016 Full-year Results | 16
Slide 17: Revenue reconciliation
Revenue reconciliation Year ended 30 June ($m) 2016 2015 Segment revenue (Gregorian) 3,456 3,438 Less: Non sales revenue (1) - Headline sales (Gregorian) 3,455 3,438 Add: Gregorian adjustment1 (16) (6) Headline sales revenue (Retail2) 3,439 3,432 1 Adjustment to headline sales revenue to reflect ret
Slide 18: Kmart
Kmart Ian Bailey Managing Director Kmart
Slide 19: Kmart network
Kmart network as at 30 June 2016 2 3 209 Kmart stores 248 KTAS centres 43 53 24 26 15 17 54 76 47 69 15 5 4 4 Kmart 2016 Full-year Results | 19
Slide 20: Store network movements
Store network movements Open at Open at Opened Closed 30 June 2015 30 June 2016 Kmart 203 6 - 209 Kmart Tyre & Auto 246 4 (2) 248 Kmart 2016 Full-year Results | 20
Slide 21: Revenue reconciliation
Revenue reconciliation Year end 30 June ($m) 2016 2015 Segment revenue (Gregorian) 5,190 4,553 Less: Non sales revenue (2) (3) Headline sales (Gregorian) 5,188 4,550 Add: Gregorian adjustment1 (34) (10) Headline sales revenue (Retail2) 5,154 4,540 1 Adjustment to headline sales revenue to reflect re
Slide 22: Officeworks
Officeworks Mark Ward Managing Director Officeworks
Slide 23: Officeworks network
Officeworks network as at 30 June 2016 1 159 Officeworks Stores 3 Fulfilment Centres 28 15 1 1 Call Centre 9 1 Print Hub 55 1 1 1 49 1 2 Officeworks 2016 Full-year Results | 23
Slide 24: Store network movements
Store network movements Open at 30 Open at 30 Opened Closed June 2015 June 2016 Officeworks 156 6 (3) 159 Officeworks 2016 Full-year Results | 24
Slide 25: Industrials
Industrials Rob Scott Managing Director
Slide 26: Chemicals, Energy & Fertilisers - Sales, pricing & production
Chemicals, Energy & Fertilisers - Sales, pricing & production Strong Fertiliser sales volumes Continued declining trend in ammonia pricing kt $/t 1,200 800 1,000 700 600 800 500 776 866 600 714 713 400 779 300 400 200 200 100 227 220 260 214 160 0 0 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 D
Slide 27: Industrial & Safety - Distribution network
Industrial & Safety - Distribution network As at 30 June 2016 425 locations with 198 branches, 169 gas distribution points & 58 Workwear franchises 134 Blackwoods 92 Workwear Group (incl. 58 franchised) 3 3 183 Coregas (incl. 169 distribution points) 1 1 23 62 16 Greencap 25 17 24 3 16 2 5 35 5 2 19
Slide 28: Resources - Global environment: current & short-term trends
Resources - Global environment: current & short-term trends • World blast furnace iron production (excluding China) trending downwards – Chinese production increasing – Chinese excess steel capacity being placed into global markets impacting price • Metallurgical coal market continues to be volatile
Slide 29: Australian coal market prices
Australian coal market prices Australian steaming coal prices Australian hard coking coal prices US$/tonne (nominal) FOB Australia (annual versus spot) US$/tonne (nominal) FOB Australia (annual versus spot) 200 400 175 350 150 300 125 250 100 200 75 150 50 100 25 50 0 0 2004 2005 2006 2007 2008 2009
Slide 30: Curragh export metallurgical sales product mix
Curragh export metallurgical sales product mix FY16 Actual FY17 Forecast 7.5 million tonnes 8.0 – 8.5 million tonnes Semi Semi 30% 26% Hard 34% Hard 38% PCI PCI 36% 36% 2012/2013 Actual 2012/2013 Actual Resources 2016 Full-year Results | 30
Slide 31: Resources - Coal production volumes
Resources - Coal production volumes Year ended (‘000 tonnes) Mine Ownership Coal Type June 2016 June 2015 Curragh, QLD 100% Metallurgical 7,316 9,066 Steaming 3,263 3,187 Bengalla, NSW1 40% Steaming 3,384 3,304 Total1 13,963 15,557 1 Wesfarmers attributable production. Resources 2016 Full-year Resul
Slide 32: Resources - Coal sales volumes
Resources - Coal sales volumes Year ended (‘000 tonnes) Mine Ownership Coal Type June 2016 June 2015 Curragh, QLD1 100% Metallurgical 7,488 8,604 Steaming 3,386 3,202 Bengalla, NSW2 40% Steaming 3,382 3,351 Total1 14,256 15,157 1 Curragh metallurgical coal sales excludes traded coal. 2 Wesfarmers at
Slide 33: Resources financial summary
Resources financial summary Year ended 30 June1 ($m) 2016 2015 Commentary Export revenue Produced – Realised 1,012 1,270 Continued fall in export coal prices with benefit of a lower Australian dollar largely offset by hedge book losses – Hedge book losses (147) (42) Total 865 1,228 Export mining & o
Slide 34: Wesfarmers
os Wesfarmers