Adairs Ltd. · ASX:ADH
Adairs — Shareholder Meeting (October 2018)
18 slides from Adairs's shareholder meeting presentation, Oct 26, 2018
Slide 1: Adairs Limited Annual General Meeting
Adairs Limited Annual General Meeting 26 October 2018 27 AUGUST 2018
Slide 2: Michael Butler
Michael Butler erie ainanrepaniatar ear it
Slide 3: A recap: Our strategy FY18 Results Highlights
A recap: Our strategy FY18 Results Highlights LFL sales drives growth Sales +19% to $315m LFL sales +14.3% (cycling -1.4% FY17) Online growing substantially Online is now a material contributor to earnings growth Online sales +75% to $42m Online accounts for 13% of total sales Strong gross profit re
Slide 4: Mark Ronan, CEO
Mark Ronan CEO
Slide 5: Growth across all P&L metrics
AGrowth recap: Our strategy across all P&L metrics ($ Million) FY18 FY17 Change 50 EBIT $m 45.3 25.0% 39.2 45 23.0% 40 Sales 314.8 265.0 18.8% 33.1 30.8 21.0% 35 Gross Profit 189.6 156.8 20.9% 30 19.0% 25 22.5 EBIT% EBIT% 15.7% 15.9% EBIT% 17.0% Gross Profit % 60.3% 59.2% 20 15 EBIT% 14.4% 13.4% 15.
Slide 6: Key growth strategy drivers
AKey recap: Our drivers growth strategy Great on trend, well coordinated product for our broad customer base remains the focus Product, Product, Continue to differentiate our product through fashionability, quality and enhanced value Product Look to continue to expand our width of offer Onli
Slide 7: FY19 Outlook
FY19 Outlook FY19 Guidance Year End Stores 171 – 173 Sales ($m) 345 – 360 Gross Margin% 59 – 61% EBIT ($m) 47.5 – 51.5 Capital Investment ($m) 8 – 10 ► As previously disclosed, on 12 October 2018, our first 13 weeks of trade has delivered like for like sales growth of +5.2% across stores and online
Slide 8: Questions?
QUESTIONS?
Slide 9: Meeting Resolutions
MEETING RESOLUTIONS
Slide 10: 1. Annual Financial Report
1. Annual Financial Report “To receive and consider the Financial Report of the Company and its controlled entities and the Reports of the Directors and Auditor for the year ended 1 July 2018.” 9
Slide 11: 2a. Re-election of Directors
2a. Re-election of Directors “That Michael Cherubino, being eligible, be re- elected as a Director of the Company.” Usable Proxies Received Proxies % of Eligible Votes Cast (excluding abstentions) For: 94,561,138 81.27% Open/Undirected 233,055 0.20% (Chairman) Open/Undirected (Other) 1,962 0.00% Aga
Slide 12: 2b. Re-election of Directors
2b. Re-election of Directors “That David MacLean, being eligible, be re-elected as a Director of the Company.” Usable Proxies Received Proxies % of Eligible Votes Cast (excluding abstentions) For: 101,419,498 87.16% Open/Undirected 233,055 0.20% (Chairman) Open/Undirected (Other) 1,962 0.00% Against
Slide 13: 3. Remuneration Report
3. Remuneration Report “That the Remuneration Report for the year ended 1 July 2018 be adopted.” Usable Proxies Received Proxies % of Eligible Votes Cast (excluding abstentions) For: 115,591,198 99.72% Open/Undirected 234,106 0.20% (Chairman) Open/Undirected (Other) 1,962 0.00% Against: 93,058 0.08%
Slide 14: 4. Approval of long term incentive grant of options to Mark Ronan
4. Approval of long term incentive grant of options to Mark Ronan “That approval be given for all purposes, including ASX Listing Rule 10.14, for the grant of options to Mark Ronan as his annual long term incentive for the year ended 30 June 2019 on the terms described in the explanatory notes accom
Slide 15: 5. Approval of long term incentive grant of options to Michael Cherubino
5. Approval of long term incentive grant of options to Michael Cherubino “That approval be given for all purposes, including ASX Listing Rule 10.14, for the grant of options to Michael Cherubino as his annual long term incentive for the year ended 30 June 2019 on the terms described in the explanato
Slide 16: 6. Approval of Non-Executive Directors remuneration
6. Approval of Non-Executive Directors remuneration “That the maximum aggregate annual remuneration of the non-executive directors be increased by $150,000 from $450,000 to $600,000 per annum. Usable Proxies Received Proxies % of Eligible Votes Cast (excluding abstentions) For: 105,764,926 91.23% Op
Slide 17: Meeting Closed
Re _ MEETING CLOSED
Slide 18: Disclaimer
Strong Omni Channel Execution Disclaimer Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward-looking statements reflect Adairs Limited current intentions, plans, expectations, ass