Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2020)
20 slides from Jb Hi-fi's shareholder meeting presentation, Oct 29, 2020
Slide 1: JB Hi-Fi Limited 2020 AGM
JB Hi-Fi Limited 2020 AGM 15 29 AUGUST OCTOBER2016 2020 PAGE 1
Slide 2: Agenda
Agenda 1. Procedural Issues 2. Items of Business 3. Voting Opens 4. Chairman’s Address 5. Group CEO’s Address 6. Directors standing for election & re-election 7. Proxy Votes received 8. Questions 9. Voting Closes 10. Final Votes 11. Close of Meeting JB HI-FI LIMITED PAGE 2
Slide 3: Procedural issues – Online Attendees Question Process
Procedural issues Online Attendees – Question Process When the Question function is available, the Q&A icon will appear at the top of the app To send in a question, click in the ‘Ask a question’ box, type your question and press the send arrow Your question will be sent immediately for review Receiv
Slide 4: Procedural issues – Online Attendees Voting Process
Procedural issues Online Attendees – Voting Process When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For Against Abstain There
Slide 5: Items of Business
Items of Business 1. Consideration of Financial and other Reports 2. Election and Re-election of Directors 3. Adoption of Remuneration Report 4. Grant of restricted shares to the Executive Director JB HI-FI LIMITED PAGE 5
Slide 6: Chairman's address – Stephen Goddard
Chairman’s address STEPHEN GODDARD JB HI-FI LIMITED PAGE 6
Slide 7: Motivated, passionate and knowledgeable staff
Motivated, passionate and knowledgeable staff JB HI-FI LIMITED PAGE 7
Slide 8: The Group model
The Group model Two iconic Australian retail brands Leading retailer of technology and Leading retailer of home appliances Product offering consumer electronics and consumer electronics Target customer base / Strong position with a young tech- Strong position with home-making demographic savvy demog
Slide 9: Generating sustainable long-term growth
Generating sustainable long-term growth In FY20, the Group adopted a Sustainability Plan outlining the Group’s commitment to having a positive impact on our people, our community and our environment and released our first Sustainability Report. JB HI-FI LIMITED PAGE 9
Slide 10: A focus on long-term shareholder value
A focus on long-term shareholder value JBH share price CAGR of 21.9% since listing, compared to 3.7% on the ASX 200 over the same period $60.00 $50.00 $40.00 Share Price $30.00 $20.00 $10.00 $0.00 JB Hi-Fi Share Price ASX 200 (rebased against JBH share price) JB HI-FI LIMITED PAGE 10
Slide 11: Group CEO's address – Richard Murray
Group CEO’s address RICHARD MURRAY JB HI-FI LIMITED PAGE 11
Slide 12: FY20 Group Results
FY20 Group Results Total sales up 11.6% to $7.9b Underlying NPAT up 33.2% to $332.7m Underlying EPS up 33.2% to 289.6cps 7.9 333 290 6.9 7.1 5.6 233 250 217 208 186 203 4.0 152 152 2 1 2 1 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Sales ($bn) Underlying NPAT ($m) Und
Slide 13: FY20 Brand Performance
FY20 Brand Performance 1 FY20 FY19 Growth (Underlying) (Underlying) $m % Sales ($m) - JB HI-FI Australia 5,318.9 4,726.0 592.9 12.5% ▲ - JB HI-FI New Zealand (NZD) 222.8 236.2 (13.4) (5.7%) ▼ - The Good Guys 2,388.8 2,147.9 240.9 11.2% ▲ Total Sales (AUDm) 7,918.9 7,095.3 823.6 11.6% ▲ EBIT ($m) - J
Slide 14: FY21 trading update & re-opening of metropolitan Melbourne stores
FY21 trading update & re-opening of metropolitan Melbourne stores Q1 FY21 sales update1: For the period 1 July 2020 to 30 September 2020: • JB HI-FI Australia total sales growth was 27.3% (pcp: 4.7%) with comparable sales growth of 27.6% (pcp: 3.7%) • JB HI-FI New Zealand total sales growth was -2.5
Slide 15: Item 2(a) Election of Ms Melanie Wilson
Item 2(a) Election of Ms Melanie Wilson That Ms Melanie Wilson, being a Director of the Company appointed since the last Annual General Meeting who retires pursuant to the Company’s Constitution, and being eligible offers herself for election, is elected as a Director of the Company. JB HI-FI LIMITE
Slide 16: Item 2(b) Re-election of Ms Beth Laughton
Item 2(b) Re-election of Ms Beth Laughton That Ms Beth Laughton, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers herself for re-election, is re-elected as a Director of the Company. JB HI-FI LIMITED PAGE 16
Slide 17: Item 2(a) Election of Ms Melanie Wilson
Item 2(a) Election of Ms Melanie Wilson That Ms Melanie Wilson, being a Director of the Company appointed since the last Annual General Meeting who retires pursuant to the Company’s Constitution, and being eligible offers herself for election, is elected as a Director of the Company. In respect of t
Slide 18: Item 2(b) Re-election of Ms Beth Laughton
Item 2(b) Re-election of Ms Beth Laughton That Ms Beth Laughton, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers herself for re-election, is re-elected as a Director of the Company. In respect of this item of business, the fol
Slide 19: Item 3 Remuneration Report
Item 3 Remuneration Report That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2020 be adopted. In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For
Slide 20: Item 4 Approval of grant of restricted shares to Executive Director
Item 4 Approval of grant of restricted shares to Executive Director That the grant of restricted ordinary shares to the Executive Director, Mr Richard Murray, on the terms and conditions described in the Explanatory Notes to this Notice of Meeting, be approved. In respect of this item of business, t