Myer Holdings Limited · ASX:MYR
Myer — Shareholder Meeting (November 2023)
16 slides from Myer's shareholder meeting presentation, Nov 9, 2023
Slide 1: 2023 Annual General Meeting
For personal use only 20 AN N UAL GE N E RAL 23 M E E TI N G HYBRID MEETING AT: meetings.linkgroup.com/MYR23
Slide 2: Agenda: CEO Update
MYER HOLDINGS LTD : 2023 AGM For personal use only CEO UPDATE Agenda
Slide 3: CEO Update - John King
MYER HOLDINGS LTD : 2023 AGM For personal use only CEO UPDATE JOHN KING 3
Slide 4: Financial Highlights - Recap
Financial Highlights - Recap STRO N G P O WE RF UL MUL T I I MP RO VE D ROB UST RE WARDI N G SALE S G RO WT H C HANNEL OFFE R N P AT 3 B ALAN CE SHE E T SHARE HOLDERS For personal use only 12.5% 20.5% $71.1m $120m 9.0c CEO UPDATE Total sales1 Group online2 sales mix NPAT3 up 18.2% net cash per share
Slide 5: In FY23 we delivered our best sales result since 2005
In FY23 we delivered our best sales result since 2005 ✓ Growth driven by the strength of multi-channel offer as customers returned to stores after closures in FY22, F Y T O T AL S AL E S 1 ($ M) underpinned by a leading brand and customer loyalty proposition For personal use only +3.0% CAGR ✓ Online
Slide 6: Multi-channel offer is a continued point of strength
Multi-channel offer is a continued point of strength Group Online1 sales +3.2% on 2H22 For personal use only Online 20.5% CEO UPDATE ▪ 2H23 Group online1 sales returned to growth after Sales Mix annualisation of lockdowns in 1H22 with FY23 Now $691 million representing 163% growth vs FY19 Online mar
Slide 7: Loyalty continues to provide greater contribution and commercialisation benefits
Loyalty continues to provide greater contribution and commercialisation benefits MYER one 7.3m Digitally contactable members (+10.0% YoY) ▪ Record year for MYER one engagement, new For personal use only customer acquisition and active customer numbers 720k CEO UPDATE Member Acquisition New Members ▪
Slide 8: Merchandise offer is well placed with a disciplined focus
Merchandise offer is well placed with a disciplined focus Making the Big Bigger +35% ▪ We continue to deepen the relationships with our Sales growth from our Top 20 key brand partners which secures greater investment brands since FY19 For personal use only from brands, exclusive product and Myer onl
Slide 9: Customer First Plan has driven significant value creation
Customer First Plan has driven significant value creation and has continued to evolve CUSTOMER FIRST PLAN Accelerate Online Continue to build scale and leverage multi-channel capability FY19 FY23 For personal use only Factory to Customer Total Sales1 $2,992m $3,363m CEO UPDATE Introduction of Nation
Slide 10: There is a strong pipeline of initiatives to land in FY24
There is a strong pipeline of initiatives to land in FY24 ▪ The introduction of Country Road Group, expansion of Seed, Unison, Introduction and reinvestment in Australia’s Commonry is demonstrating strong early momentum and resonance with most desirable brands is underway our customers For personal
Slide 11: Myer is well positioned for the current economic environment
Myer is well positioned for the current economic environment We’ve repositioned the Unique strengths to provide We’re continuing to invest business, underpinned by the customer value and a reason strongly behind long term Customer First Plan to shop at Myer value levers For personal use only ✓ Trans
Slide 12: Current trade update
Current trade update ▪ The last seven weeks of Quarter 1 saw an improving trend; but we remain cautious with our peak trading period still to come For personal use only C O MP ARABL E S AL E S 1 ,2 CEO UPDATE -0.2% -0.9% -1.9% weeks 1-6 weeks 7-13 Qtr 1 July 30 - Sept 9 Sept 10 - Oct 28 July 30 - Oc
Slide 13: We are well prepared for Christmas peak
We are well prepared for Christmas peak ▪ Developed strong plans across in-store and online, and are well-stocked, to capitalise on both the Christmas and Black Friday period For personal use only ▪ Will continue to create more value for our customers through Myer one and our CEO UPDATE strategic pa
Slide 14: Conclusion
Conclusion ▪ Our Customer First Plan has been, and continues to be, the right plan and has underpinned our performance in FY23, with significant initiatives to be delivered For personal use only throughout FY24 CEO UPDATE ▪ Our investment in new brands, technology, our multi-channel capability, supp
Slide 15: Annual General Meeting
20 AN N UAL For personal use only GE N E RAL 23 M E E TI N G
Slide 16: Important information
Important information The information in this document is general only and does not purport to be complete. It should be read in conjunction with Myer’s other periodic and continuous disclosure announcements. Investors or potential investors should not rely on the information provided as advice for