Myer Holdings Limited · ASX:MYR
Myer — Shareholder Meeting (November 2022)
16 slides from Myer's shareholder meeting presentation, Nov 10, 2022
Slide 1: 2022 Annual General Meeting
For personal use only 20 AN N UAL GE N E RAL 22 HYBRID MEETING AT: M E E TI N G meetings.linkgroup.com/MYR22 HYBRID MEETING AT: meetings.linkgroup.com/agm/MYR22
Slide 2: CEO Update Agenda
MYER HOLDINGS LTD : 2022 AGM For personal use only CEO UPDATE Agenda
Slide 3: CEO Update - John King
MYER HOLDINGS LTD : 2022 AGM For personal use only CEO UPDATE JOHN KING 3
Slide 4: Financial Highlights FY22 - Recap
Financial Highlights FY22 - Recap For personal use only STRONG ONLINE SIGNIFICANTLY STRONGER FINAL DIVIDEND SALES GROWTH OUTPERFO R MING IMPROVED NPAT 4 BALANCE SHEET DECLARED 12.5% 34.0% $60.2m $186m 2.5c CEO UPDATE Total sales1 Group online3 sales NPAT up 103.8% net cash per share increase on FY21
Slide 5: Sales momentum since lockdowns, best sales start on record
We have sales momentum since lockdowns including our best For personal use only sales start on record 1 for Myer in the first 13 weeks of FY23 2H22 SALES GROWTH 1Q23 SALES GROWTH +3.7% CAGR +20.3% CEO UPDATE 52.8% 1,472 1,320 1,224 912 18.9% Q1 Q1 2H19 2H20 2H21 2 2H22 FY23 vs FY22 FY23 vs FY20 M Y
Slide 6: Multi-channel offer is our strength, with upside from CBD sales
Our multi-channel offer is our strength, with potential upside from For personal use only CBD sales FY22 COMPARABLE SALES1 MULTI-CHANNEL CUSTOMERS DELIVER MORE VALUE SPEND PER CUSTOMER SHOP FREQUENCY +1.5x +2.8x CEO UPDATE In-store 8.9% 38.1% 15.0% 15.2% 10.3% 4.2% Comparable Comparable Myer Other M
Slide 7: Online sales growth has outperformed peers at total and category level
Online sales growth has outperformed peers at a total and For personal use only category level GROUP ONLINE1 SALES MYER ONLINE3 SALES GROWTH DRIVEN BY OUTPERFORMING THE MARKET K E Y C A T E G O R I E S ( 5 2 W E E K C O M P A R I S O N 4) Group Online Sales Austalian non-food retail trade online (AB
Slide 8: National Distribution Centre to change future profitability and performance
The introduction of our National Distribution Centre (NDC) in 2H23 For personal use only will significantly change our future profitability and performance ▪ Backbone of our Factory 2 Customer Operations and leveraging state of the art technology ▪ Benefits for Stores - driving better inventory mana
Slide 9: Growth underpinned by accelerating MYER one program and partnerships
Growth is underpinned by an accelerating MYER one program and For personal use only partnerships approach MYER ONE CONTINUES TO DELIVER CUSTOMER GROWTH NEW AND EXPANDED PARTERNSHIPS TAPPING INTO AND DEEPER ENGAGEMENT GREATER OPPORTUNITY 6.6m CEO UPDATE ▪ The program is one of Digitally contactable A
Slide 10: We are the destination for brands in Australia
We are the destination for brands in Australia with more to come For personal use only DEPARTMENT STORES CATEGORY MIX 20.5% 18.5% $544m Making our big brands bigger $601m Menswear Womenswear ▪ Category growth, inventory health, newness FY22 Childrenswear CEO UPDATE ▪ Cementing strong, strategic rela
Slide 11: Strong liquidity position supports Customer First Plan and return to dividend
Strong liquidity position supports execution of the Customer First For personal use only Plan and return to dividend NET CASH / (DEBT) $M – FY18 TO FY22 NET CASH / (DEBT) PROFILE ($M) – FY22 BY DAY Net Cash +$293m 350 FY22 Net Cash / (Debt) FY21 Net Cash / (Debt) CEO UPDATE 250 186 112 150 8 -39 50
Slide 12: Customer First Plan progress
Customer First Plan progress means Myer is well placed to drive For personal use only significant value creation for all shareholders ACCELERATE FACTORY TO IN-STORE RE-FOCUS RATIONALISE ONLINE CUSTOMER EXPERIENCE MERCHANDISE PROPERTY/OVERHEADS ▪ Built a high growth, ▪ Re-envisioning our ▪ Improved e
Slide 13: We are well prepared for Christmas peak
We are well prepared for Christmas peak For personal use only ▪ We have commenced FY23 strongly, with our record1 sales result for the first 13 weeks +52.8% on LY and 18.9% on pre-COVID levels, demonstrating good momentum with our customer ▪ We have a healthy inventory position with all Christmas st
Slide 14: Conclusion
Conclusion For personal use only ▪ Our Customer First Plan has been, and continues to be, the right Plan and has underpinned our growth and momentum in FY22 and the record1 sales start to FY23 ▪ The ability to reinstate dividend is a direct result of the momentum of this Plan and the resilience CEO
Slide 15: Annual General Meeting
For personal use only 20 AN N UAL GE N E RAL 22 M E E TI N G
Slide 16: Important Information
Important Information For personal use only 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 p