Wesfarmers Limited · ASX:WES
Wesfarmers — Macquarie Australia Conference 2020
14 slides from Wesfarmers's conference presentation, May 7, 2020
Slide 1: Macquarie Conference Briefing Presentation
7 May 2020 The Manager Market Announcements Office Australian Securities Exchange Dear Manager, MACQUARIE CONFERENCE BRIEFING PRESENTATION Please find attached a copy of the presentation that is to be given at the Macquarie Australia Conference today, Thursday, 7 May 2020. The presentation outlines
Slide 2: Macquarie Conference 2020
Macquarie Conference 2020 Thursday 7 May 2020
Slide 3: Wesfarmers' primary objective is to provide a satisfactory return to shareholders
Wesfarmers’ primary objective is to provide a satisfactory return to shareholders We believe it is only possible to achieve this over the long term by: Anticipating the needs of our Looking after our team Engaging fairly with our customers & delivering members & providing a safe, suppliers & sourcin
Slide 4: Demonstrating our approach
Demonstrating our approach Wesfarmers’ approach to recent events & challenges is aligned with our core objective & values Anticipating the needs Looking after our team Engaging fairly with of our customers & members & providing a our suppliers & delivering competitive safe, fulfilling work sourcing
Slide 5: Starting from a position of strength
Starting from a position of strength Following actions to reposition the portfolio, Wesfarmers is responding to the uncertainties of COVID-19 from a position of strength Portfolio of cash-generative businesses focused on long-term value creation Building on unique capabilities & Relentless focus on
Slide 6: Our priorities through COVID-19
Our priorities through COVID-19 Wesfarmers is focused on prioritising the health & safety of the community, adapting to rapidly changing operating environments & maintaining balance sheet strength Key priorities 1 • Health & safety of team members, customers & the community Health & safety • Support
Slide 7: Prioritising the health & safety of the community
Prioritising the health & safety of the community Wesfarmers is focused on protecting the health & safety of our team members & customers, & supports government measures to limit the spread of COVID-19 Wesfarmers Limited | Macquarie Conference 2020 | 6
Slide 8: Innovating & adapting in a rapidly changing environment
Innovating & adapting in a rapidly changing environment Divisional autonomy has allowed our businesses to quickly respond to changing consumer behaviour, supported by our digital capabilities • Following significant investment in recent years, our businesses are well-positioned to respond to the con
Slide 9: Maintaining balance sheet flexibility & financial discipline
Maintaining balance sheet flexibility & financial discipline Recent actions have ensured balance sheet capacity to respond to a range of economic scenarios while supporting the Group’s businesses & pursuit of investment opportunities • Partial sale of Wesfarmers 15% interest1 in Coles Group via two
Slide 10: COVID-19 trading update
COVID-19 trading update Strong sales momentum in Bunnings, Officeworks & Catch, recent decline in shopping centre footfall impacting Kmart & Target – Strong sales growth as customers & their families spend more time at home – Uncertain whether higher level of sales growth will continue for remainder
Slide 11: Managing our businesses for long-term success
Managing our businesses for long-term success Our businesses will continue to invest for the future, expand digital offerings & capabilities & reinforce the customer value proposition – Accelerating investment in digital offer – Expanding addressable market – Increased focus on commercial customers
Slide 12: Approach to capital allocation remains unchanged
Approach to capital allocation remains unchanged Opportunities to deliver superior returns by investing for the long term 1. Portfolio of existing businesses 2. Adjacent opportunities 3. Value-accretive transactions – Opportunities to invest & drive continued – Investment opportunities to assist in
Slide 13: Questions
Questions
Slide 14: Wesfarmers
We Wesfarmers