Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2007)
17 slides from Jb Hi-fi's shareholder meeting presentation, Oct 30, 2007
Slide 1: JB Hi-Fi Limited Annual General Meeting
For personal use only JB HI-FI LIMITED Annual General Meeting 30th October 2007
Slide 2: Agenda
AGENDA For personal use only • Presentations by Chairman and Chief Executive Officer • Item 1: Tabling & Consideration of 2007 Accounts and Reports • Item 2: Adoption of remuneration report • Item 3: Re-election of directors • Item 4: Approval of grant of Options to Executive Directors in 2007 • Ite
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS For personal use only Mr Patrick Elliott 1,282m 65.5m 40.4m Û36% Û47% Û57% 946m Û36% 44.5m Û28% 25.8m Û32% 694m 34.7m Û54% 19.5m Û52% Û41% 452m 22.8m 13.8m Û27% 356m Û37% Û60% 16.7m Û43% 8.6m 249m Û44% 11.6m 6.2m Û39% Û61% 155m Û104% 5.7m Û138% 2.6m 2001 2002 2003 2004 2005 2006 2
Slide 4: Strong Shareholder Return
CHAIRMAN’S ADDRESS. . . For personal use only Strong Shareholder Return: l Dividends of 11.0 cents per share up 45%. l Since the IPO in October 2003 annual compound growth of 74.1% vs. 19.4% for the ASX 200.* * As at 24 October 2007
Slide 5: Sustainable Competitive Advantage
CHAIRMAN’S ADDRESS. . . For personal use only Sustainable Competitive Advantage: The company’s strategy: l Every day focus on lowest cost of doing business. l A broad range of every day low priced products for our customers. JB’s unique product ranging, mix and branding that drives very high levels
Slide 6: Roll Out Continues
CHAIRMAN’S ADDRESS. . . For personal use only Roll Out Continues: l We have successfully expanded into all mainland states of Australia and we will open a store in Hobart before Christmas. l Successful expansion into locations outside the major cities. l Continued success in a variety of operation f
Slide 7: Diversified Product Offering
CHAIRMAN’S ADDRESS. . . For personal use only Diversified Product Offering: l Adoption and increasing penetration of new technology such as plasma and LCD TVs, MP3 players and DVD recorders. l Shift of product mix to be an early leader in new technologies promising high growth and significant volume
Slide 8: Funding of Growth Plans
CHAIRMAN’S ADDRESS. . . For personal use only Funding of Growth Plans: l Funding of growth via strong levels of cash flow generated from established stores and a prudent level of borrowings. l JB is one of the more conservatively geared listed retailers with fixed charges cover of 2.9 times. l Inter
Slide 9: People & Culture
CHAIRMAN’S ADDRESS. . . For personal use only People & Culture: l Our ability to operate profitably and to expand as quickly and successfully as we have is a testament to our people and the company’s continued ability to attract and retain them. l Store staff are typically enthusiasts of the product
Slide 10: Chief Executive Officer's Address
CHIEF EXECUTIVE OFFICER’S ADDRESS For personal use only Mr Richard Uechtritz Store Growth Total Stores: 104* Total ~ 109 (JB Aust. 81, CA 8, JB NZ 4, H&S 11) 2H~5 1 22 104 6 89 5 66 29 48 25 32 26 21 15 10 1 15 Acquired 2001 2002 2003 2004 2005 2006 2007 2008F July 2000 * Estimated 31 Dec 2007
Slide 11: Tabling & Consideration of 2007 Accounts and Reports
ITEM 1 For personal use only Tabling & Consideration of 2007 Accounts and Reports: To receive and consider the financial report of the Company for the financial year ended 30 June 2007 together with the directors’ report and auditor’s reports for the financial year ended 30 June 2007. Proxies: In re
Slide 12: Adoption of remuneration report
ITEM 2 For personal use only Adoption of remuneration report: To adopt the Remuneration Report for the year ending 30 June 2007. Proxies: In respect to this item of business, the following proxies have been received: l In favour 52,641,551 l Against 10,568,908 l Open and undirected 428,818 Also in r
Slide 13: Re-election of directors
ITEM 3 For personal use only Re-election of directors: In accordance with the Company’s Constitution: (a) Mr Patrick Elliot retires by rotation and, being eligible, offers himself for re- election; and (b) Mr James King retires by rotation and, being eligible, offers himself for re- election. Proxie
Slide 14: Approval of grant of Options to Executive Directors in 2007
ITEM 4 For personal use only Approval of grant of Options to Executive Directors in 2007: (a) Approval of grant of Options to an Executive Director – Mr Richard Uechtritz To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That pursuant to ASX Listing Rule 1
Slide 15: Approval of grant of Options to Executive Directors in 2007: Proxies
ITEM 4 For personal use only Approval of grant of Options to Executive Directors in 2007: Proxies: In respect to this item of business, the following proxies have been received: 4(a) 4(b) l In favour 59,883,288 58,122,488 l Against 3,327,013 3,329,707 l Open and undirected 475,318 475,318 Also in re
Slide 16: Increase in Directors' fees
ITEM 5 For personal use only Increase in Directors’ fees: To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, pursuant to article 9.9 of the Company’s Constitution and ASX Listing Rule 10.17, the total amount or value which may be provided in each year
Slide 17: Other Business
For personal use only OTHER BUSINESS