Metcash Limited · ASX:MTS

Metcash — Shareholder Meeting (September 2010)

18 slides from Metcash's shareholder meeting presentation, Sep 2, 2010

  1. Slide 1: Chairman's Address

    Metcash Limited ABN 32 112 073 480 50 Waterloo Road Macquarie Park NSW 2113 Australia PO Box 6226 Silverwater Business Centre NSW 1811 Australia Ph: 61 2 9751 8200 2 September 2010 Fax: 61 2 9889 1557 Chairman’s Address Ladies & Gentlemen, I am pleased to say that the 2010 financial year has been an

  2. Slide 2: Chairman's Address (continued)

    Page 2 of 2 Michael Jablonski has also decided to retire from the Board at the conclusion of the 2010 Annual General Meeting having served as a Director for twelve years. During that time he has provided tremendous value to the Board from his wide knowledge of the grocery industry and merchandising.

  3. Slide 3: 2010 Annual General Meeting

    2010 Annual General Meeting 2 September 2010 Andrew Reitzer Chief Executive Officer

  4. Slide 4: Welcome

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  5. Slide 5: Shareholder Returns

    Shareholder Returns 2010 Earnings per share (cents) 32.00 29.74 28.00 25.86 26.47 Earnings per share +12.4% 24.00 Cents 21.06 20.00 16.99 16.00 12.00 2006 2007R 2008 2009 2010 Dividends per share (cents) 32.0 26.0 27.0 24.0 22.0 21.0 Dividends per share +8.3% at a payout Cents 17.0 ratio of 87% of r

  6. Slide 6: Financial Highlights

    Financial Highlights 2010 Total Sales Revenue ($m) 12,000 11,517 10,982 10,116 9,695 Total sales revenue +4.9% driven by 10,000 8,214 IGA>D’s 6.8% sales growth, in a low $M 8,000 inflationary environment 6,000 4,000 2006 2007 2008 2009 2010 Market Share (MAT %) 22.0% 19.7% 20.0% 18.8% 19.0% 18.5% 18

  7. Slide 7: Financial Highlights

    Financial Highlights 2010 Earnings before Interest & Taxation ($m) 420.0 393.5 380.0 351.8 335.4 Strong EBIT growth of 12% - a result of 340.0 further CODB reduction and sales growth 300.0 282.9 $M 260.0 220.0 174.0 180.0 140.0 2006 2007R 2008 2009 2010 Profit after Tax ($m) 250.0 227.6 197.4 202.5

  8. Slide 8: Financial Highlights

    Financial Highlights 2010 Operating Cashflow ($m) 294.7 300.0 242.7 248.1 250.0 Operations generated strong cashflow of 197.6 $294.7m 200.0 177.5 $M 150.0 100.0 50.0 2006 2007 2008 2009 2010 Cost of doing business/ Gross Profit (%) 80.00% 70.00% 67.16% 66.86% 65.21% 62.41% CODB (as % of gross profit

  9. Slide 9: IGA Distribution

    IGA>D 2010 Highlights „ Solid growth in low inflationary environment, with wholesale sales up 6.8%, comparative store sales up 4.1% and EBITA up 9.8% „ “Locked Down Low Prices” campaign in April 10 providing consumers with cost savings and keeping our independent retailers competitive „ 53 new store

  10. Slide 10: IGA Distribution - Fresh Strategy

    IGA>D - Fresh Strategy 2010 Highlights „ Achieved targeted annualised sales of $1b „ National produce network of 10 warehouses , growth in customers to 730 and expanding private label range to 271 products „ Meat sales up ~20% each of the past 2 years, through quality and retail initiatives, with gr

  11. Slide 11: Australian Liquor Marketers (ALM)

    Australian Liquor Marketers (ALM) 2010 Highlights „ EBITA up 6.9% despite flat sales „ IBA branded store sales driving growth: „ Cellarbrations +6% and IGA Plus Liquor +11% „ ‘On Premise’ supply down 10%; „ EBITA growth due to ongoing CODB reduction measures in warehouse technology and operating pro

  12. Slide 12: Campbells Wholesale

    Campbells Wholesale 2010 Highlights „ Sales up 1.5% to $1.68b despite difficult trading conditions „ Lucky 7 growth +10% with 300 stores in the network „ Foodservice (hospitality focus) up +9.8% „ Catering Connection delivered over 8% foodservice growth „ Streamlined cash & carry and distribution wh

  13. Slide 13: Mitre10

    Mitre10 2010 About Mitre 10 „ Hardware wholesaler and marketer of Mitre 10 hardware store brand – Acquired 50.1% voting power on 25 Mar 10 „ 50 year history of supporting independent home improvement and hardware retailers „ Supplies over 400 Mitre 10 and True Value branded stores (all independently

  14. Slide 14: Franklins

    Franklins 2010 Recap „ Announced 1 Jul 10 agreement with Pick n Pay (South Africa) to buy shares of Interfrank Group Holdings Pty Ltd – owner of Franklins „ Consideration ~ $215 m „ Chain of 85 supermarkets - 77 corporate stores and 8 franchised stores – plus 9 sites in development „ To implement a

  15. Slide 15: Guidance and Trading Update

    Guidance and Trading Update 2010 Guidance given at 1 June 10 „ Low sales growth in food and liquor sector will continue to December 2010 „ Cycling of the government stimulus felt in FY09 „ Continued low inflation „ Interest rates rose 150 basis points in FY10 and projected to rise further „ Macro ec

  16. Slide 16: Champion of the Independent

    “Champion of the Independent” 2010 13

  17. Slide 17: For additional information contact

    2010 For additional information contact: Adrian Gratwicke, GM Finance Phone: 61 2 9741 3248 Fax 61 2 9741 3027 E-mail adrian.gratwicke@metcash.com Or visit our website: www.metcash.com 14

  18. Slide 18: Disclaimer

    Disclaimer 2010 This presentation contains summary information about Metcash Limited (ABN 32 112 073 480) (Metcash) and its activities current as at the date of this presentation. The information in this presentation is of general background and does not purport to be complete. It should be read in

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