Myer Holdings Limited · ASX:MYR
Myer — Macquarie Australia Conference 2010
14 slides from Myer's conference presentation, May 7, 2010
Slide 1: Macquarie Australia Conference
Myer HY10 For personal use only Macquarie Australia Conference Sydney Bernie Brookes, CEO 7 May 2010 Important Notice The material that follows is a presentation of general information about the current activities of Myer Holdings Limited (“Myer”) at the date of this presentation. It is information
Slide 2: Agenda / Growth Phase in our sights
Myer HY10 Agenda For personal use only • Turnaround since July 2006 • Finalisation of turnaround Phase Current projects: 1. Shrinkage 2. POS 3. New support office in Docklands, Melbourne 4. Refurbishments • Growth Phase 1. New stores 2. Myer Melbourne • Outlook: Reiterating >10% EBIT margin by 2015
Slide 3: Seven successive halves of profit growth
Myer HY10 Seven successive halves of profit growth For personal use only $m % F’cst 5 Strong gross operating profit and sustained improved cash cost of doing business Cash CODB reduced * Operating Gross Profit for FY09 reflects the impacts of the change to Hedge accounting during 1H09 of $12.5 milli
Slide 4: Continued investment in capital to drive strong returns / Current project: Shrinkage
Myer HY10 Continued investment in capital to drive strong returns $m For personal use only % ROFE Other Support Centre Brand Presentation New Stores Refurbs IT 7 Current project: Shrinkage • Shrinkage currently represents 1–2% sales • Company wide focus to reduce shrinkage • Improved management of F
Slide 5: Current focus: Point of Sale (POS) rollout
Myer HY10 Current focus: Point of Sale (POS) rollout For personal use only • Investment of c$100m • More time to serve, less time to transact, service enhancements, customer recognition, speed of service, stock look-up availability, real time information on markdowns and customer lay-bys • First pil
Slide 6: New national support office in Docklands
Myer HY10 For personal use only New national support office in Docklands • Up to 1,000 team members now at 800 Collins Street, with a light, flexible and productive working environment • Building design captures the timeless elegance of the Myer brand and status as a cultural icon • Key design strat
Slide 7: Refurbishments
Myer HY10 Refurbishments For personal use only Illustrative Example of Sales Momentum (Moving annual turnover) • Refurbishment of Canberra Doncaster, Geelong & Sydney City stores store has begun. Completion expected by November 2010 • Charlestown refurbishment underway. Completion expected by Novemb
Slide 8: New Stores (indicative opening schedule)
Myer HY10 New Stores (indicative opening schedule) For personal use only Current Size Centre Metro Growth Regional Store State Year Landlord Catchment (GLA sqm) MAT $mill Infill Corridor City population Top Ryde NSW FY2011 10,550 Beville NA1 155,000 9 Robina QLD FY2011 12,000 QIC 337 225,000 9 Macka
Slide 9: Melbourne Redevelopment: from this to this
Myer HY10 For personal use only Melbourne Redevelopment: from this … … to this
Slide 10: Melbourne store: Ground floor fragrance hall
Myer HY10 CHANEL For personal use only GROUND FLOOR: FRAGRANCE HALL
Slide 11: Level 1: International Designer; Level 2: Women's Footwear
Myer HY10 For personal use only LEVEL 1: INTERNATIONAL DESIGNER LEVEL 2: WOMEN’S FOOTWEAR
Slide 12: Level 3: Brunetti's Cafe; Level 6: Home Entertainment
Myer HY10 For personal use only LEVEL 3: BRUNETTI’S CAFE LEVEL 6: HOME ENTERTAINMENT
Slide 13: Numerous growth and profit drivers (5 years)
Myer HY10 For personal use only REAR ENTRANCE IN LITTLE BOURKE STREET Numerous growth and profit drivers (5 years) Comp store Gross margin CODB margin New store growth sales growth improvement reduction • Refurbishments • 15 new stores • Myer Exclusive Brands • Store support costs 3–4 per year • Mye
Slide 14: Appendix: Myer's store expansion on track
Myer HY10 Appendix For personal use only 27 Myer’s store expansion on track 28