Woolworths Holdings Limited · JSE:WHL
Woolworths — FY2013 Earnings Presentation
34 slides from Woolworths's earnings presentation, 2013
Slide 1: Abridged Audited Group Results for the 53 Weeks Ended 30 June 2013
Abridged AUDITED GROUP RESULTS FOR THE 53 WEEKS ENDED 30 JUNE 2013
Slide 2: Slide 2
Slide 3: Overview: Economic Overview and Review of the Year
WH L WOOLWORTHS HOLDINGS LIMITED OVERVIEW IAN MOIR 7 ECONOMIC OVERVIEW * South Africa Slowdown in unsecured lending impacting lower and middle income consumers Upper end consumer is more confident and less constrained Inflation under pressure, but was within target range Competitive, promotion led r
Slide 4: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013 - -
Slide 5: Woolworths Food and Food Turnover Growth
WH L WOOLWORTHS HOLDINGS LIMITED OVERVIEW IAN MOIR 5 WOOLWORTHS FOOD (52:52) = Strong performance, with total sales up 13.3% and comparable sales up 10.0% - H2sales up 15.3%, with comparable sales up 12.7% - Supermarket strategy working well = Growth well ahead of the market every month since Septem
Slide 6: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013 - - - - - - - - - -
Slide 7: Woolworths Financial Services
WH L WOOLWORTHS HOLDINGS LIMITED OVERVIEW IAN MOIR F WOOLWORTHS FINANCIAL SERVICES Closing book growth of 15.8% Quality of book remains very good Impairments remained low at 1.9% Operating profit of the JV up 29.9% ROE above target at 27.6% BOCK GROWTH IMPAIRMENT CHARGE
Slide 8: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 9: Group Income Statement
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 12 GROUP INCOME STATEMENT 52 weeks Jun 2012 changS Rm Woolworths Clothing & GM 1611 127 Woolworths Food 884 18.0 Country Road Group 185 >100 Financial Services JV {after tax} 133 35.3 Woolworths Treasury 4l (610) Adjusted profit before
Slide 10: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 11: Woolworths Food Income Statement
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 16 WOOLWORTHS FOOD INCOME STATEMENT 52 weeks Jun 2012 % Rm change Turnover 15 140 133 Cost of sales 11323 127 Gross profit 3817 15.0 Other revenve 84 (119) Expenses 3020 134 Adjusted operating profit 881 79 Earnings from JV and associa
Slide 12: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 13: Country Road Group Income Statement
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 20 COUNTRY ROAD GROUP INCOME STATEMENT Jun 2012 % A$Sm_ change Turnover 419 68.5 Cost of sales 169 59.2 Gross profit 250 74.8 Other revenue 3 - Expenses 231 615 Store costs 179 58.7 Other operating costs 52 712 Adjusted operating profi
Slide 14: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 15: Woolworths Financial Services Book Performance
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 24 WOOLWORTHS FINANCIAL SERVICES BOOK PERFORMANCE 7 958 8 000 6% 7 000 5% 6000 5000 4% 4000 3% 3.000 2% 2000 1000 ™% - 0% Jun 10 Jun Jun 12 Jun 13 @ Gross book value (Rm) Total active accounts (000's) Impairment charge (%)
Slide 16: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 17: Cash Flow and Capex
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 27 5000 5 R4 581m 4500 - —_—_— —_—— {R7Om} (RESM) 4000 — 3500 - 3000 | (RI | 2500 - (R781m) 2000 - RE87m 1500 - 100 L| (R1640m) | ene! 500 - RE7m) R193m) (R1490m) Cash flow Working Finance Taxation Net Dividends Franchise Net share Wit
Slide 18: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 19: Guidance
WH L WOOLWORTHS HOLDINGS LIMITED FINANCIAL REVIEW NORMAN THOMSON 31 GUIDANCE Woolworths " Clothing & GM and Food sales growth expected to be in line with FY 2013 (52:52) " Corporate space growth planned for FY 2014: - 4.3% growth in Clothing & GM space; 9.3% growth in Food space - Lower trading dens
Slide 20: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 21: Strategic Focus
STRATEGIC FOCUS tan Mode WH L WOOLWORTHS HOLDINGS LIMITED STRATEGIC FOCUS IAN MOIR 35 STRATEGIC FOCUS " Build stronger, more profitable customer relationships " Become a big foods business " Bea leading fashion retailer in the southern hemisphere " Continue to build the business in the rest of Afric
Slide 22: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013 - - - - - - - - -
Slide 23: Become a Big Foods Business; Leading Fashion Retailer
WH L WOOLWORTHS HOLDINGS LIMITED STRATEGIC FOCUSIAN MOIR 38 BECOME A BIG FOODS BUSINESS = Space expansion set to continue with extensions and new development = Shape of chain to become bigger to allow for extended catalogue and more choice in long-life and non-food categories = Focus on under-perfor
Slide 24: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013 - - - -
Slide 25: Rest of Africa and Omni-Channel Business
WH L WOOLWORTHS HOLDINGS LIMITED STRATEGIC FOCUS IAN MOIR 42 CONTINUE TO BUILD THE BUSINESS IN THE REST OF AFRICA " Re-acquisition of Botswana business will: - Create critical mass (merchandising, store operations and supply chain} - Bring focus to the sub-Saharan region - Provide enhanced profiling
Slide 26: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013 - - - - • • • • • •
Slide 27: Outlook
OUTLOOK VAN Moet WH L WOOLWORTHS HOLDINGS LIMITED. OUTLOOK IAN MOIR 47 OUTLOOK South African economy will continue to be constrained Expect the upper income consumer to be relatively resilient First 8 weeks of sales are in line with expectations in both SA and Australia
Slide 28: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 29: Additional Information: Group Income Statement
ADDITIONAL INFORMATION WH L WOOLWORTHS HOLDINGS LIMITED ADDITIONAL INFORMATION 50 GROUP INCOME STATEMENT 52 weeks Jun 2012 % Rm change Woolworths Clothing & GM 1611 15.2 Woolworths Food 884 Wo Country Read 185 >100 Financial Services JV (after tax) 133 35.3 Woolworths Treasury 41 (610) Adjusted prof
Slide 30: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 31: Woolworths Financial Services Contribution to Sales
WH L WOOLWORTHS HOLDINGS LIMITED ADDITIONAL INFORMATION 53 WOOLWORTHS FINANCIAL SERVICES CONTRIBUTION TO SALES % of sales spent on Woolworths cards Jun 2012 Clothing & GM 28.1% Food 13.8% Aggregate 19.5%
Slide 32: Woolworths Holdings Limited Analyst Presentation 2013
WOOLWORTHS HOLDINGS LIMITED ANALYST PRESENTATION 2013
Slide 33: Slide 33
Slide 34: www.woolworthsholdings.co.za
www.woolworthsholdings.co.za