Myer Holdings Limited · ASX:MYR
Myer — Shareholder Meeting (December 2024)
29 slides from Myer's shareholder meeting presentation, Dec 10, 2024
Slide 1: Annual General Meeting 2024
For personal use only 20 AN N UAL G E N E R AL 24 M E E TI N G HYBRID MEETING AT: meetings.linkgroup.com/MYR24
Slide 2: Agenda
Agenda For personal use only EXECUTIVE CHAIR’S ADDRESS FORMAL BUSINESS SHAREHOLDER QUESTIONS MYER HOLDINGS LTD : 2024 AGM
Slide 3: Executive Chair's Address
MYER HOLDINGS LTD : 2024 AGM For personal use only ADDRESS EXECUTIVE CHAIR’S OLIVIA WIRTH 3
Slide 4: FY24 Financial Overview
FY24 Financial Overview TOTA L COMP A RABLE GR OU P S A LES 1 S A LES 2 GR OWT H ON LI NE 3 S A LES For personal use only down 2.9% to up on FY23 up 2.0% to $3,266m + 0.4% $704m 21.6% of Total Sales NPAT4 N E T CA S H DI VI DENDS down 26.0% to down $6m to 3.5c per share FY24 full $52.6m $114m year d
Slide 5: FY24 Business Overview
FY24 Business Overview IN-STORE CUSTOMER OMNI CHANNEL RATIONALISE EXPERIENCE LOYALTY CAPABILITY PROPERTY/OVERHEADS • New Point Of Sale (POS) software • Strongest engagement with MYER • Returned to growth, improved • Delivering productivity rollout completed delivering one program since inception, ma
Slide 6: Strategic Review Update: Myer Tomorrow – our strategic priorities
Strategic Review Update: Myer Tomorrow – our strategic priorities Strong resonance with value-seekers – can better engage Appeal to new and customers who want more fashionable choices and an easy, underpenetrated customer segments enjoyable shopping "experience" A focus on delivering stronger Renewe
Slide 7: sass & bide, Marcs and David Lawrence - reset and refocus
sass & bide, Marcs and David Lawrence - reset and refocus • Strategic review reinforced the importance and potential of growing exclusive and private label brands to improve margin and differentiation • On 24 June 2024 announced decision made to cease the sale process and create strategies that look
Slide 8: Myer Group's advantage
Myer Group's advantage Growth will come from new and more engaged customers, driven by MYER one, an enhanced product offering and stronger omni-channel capability …is driven by MYER one Myer Group's retail "engine"… and the connected customer 1• Our expanded loyalty program attracts World-class loya
Slide 9: Proposed Combination with Apparel Brands
Proposed Combination with Apparel Brands Apparel Brands OWNERSHIP, GOVERNANCE BOARD RECOMMENDATION, TRANSACTION SUMMARY AND MANAGEMENT CONDITIONS AND TIMING For personal use only Century Plaza Group will become Myer Group’s Myer to issue 890.5m new, fully paid ordinary shares largest shareholder wit
Slide 10: Next steps
Next steps Milestone Expected date Release of Notices of Extraordinary General Meeting by Myer and Premier December 2024 Extraordinary General Meeting of Myer Shareholders Late January 2025 For personal use only Extraordinary General Meeting of Premier Shareholders Late January 2025 Completion of Tr
Slide 11: Executive Chair's Address
MYER HOLDINGS LTD : 2024 AGM For personal use only ADDRESS EXECUTIVE CHAIR’S OLIVIA WIRTH 11
Slide 12: Agenda
Agenda For personal use only EXECUTIVE CHAIR’S ADDRESS FORMAL BUSINESS SHAREHOLDER QUESTIONS
Slide 13: Formal Business
FORMAL BUSINESS ITEM 2: For personal use only FINANCIAL STATEMENTS AND REPORTS ITEM 3: RE-ELECTION OF DIRECTOR ITEM 4: ELECTION OF DIRECTOR ITEM 5: REMUNERATION REPORT ITEM 6: GRANT OF PERFORMANCE RIGHTS MYER HOLDINGS LTD : 2024 AGM TO THE EXECUTIVE CHAIR 13
Slide 14: Agenda
Agenda For personal use only EXECUTIVE CHAIR’S ADDRESS FORMAL BUSINESS SHAREHOLDER QUESTIONS
Slide 15: Item 2: Financial Statements and Report
ITEM 2 For personal use only FINANCIAL STATEMENTS AND REPORT “To receive and consider the Financial Report for the period ended 27 July 2024, together with the Directors’ Report and Auditor’s Report as set out in the Annual Report.” MYER HOLDINGS LTD : 2024 AGM 15
Slide 16: Item 2: Shareholder Questions
Item 2: Financial Statements and Report Shareholder Questions For personal use only MYER HOLDINGS LTD : 2024 AGM 16
Slide 17: Item 3: Re-election of Terry McCartney
ITEM 3 For personal use only RE-ELECTION OF TERRY McCARTNEY “That Mr Terry McCartney who retires in accordance with rule 8.1(d) of the Company’s Constitution and, being eligible, offers himself for re -election, be elected as a Director of the Company.” MYER HOLDINGS LTD : 2024 AGM 17
Slide 18: Item 3: Proxy and Direct Votes
Item 3: Proxy and Direct Votes Total For Against Open Abstain Item 3 Shares on % of total % of total % of total Issue Votes votes Votes votes Votes votes Votes For personal use only received received received Re-election of 837,557,023 461,475,192 96.57 % 11,299,684 2.37% 5,076,830 1.06% 641,957 Ter
Slide 19: Item 3: Shareholder Questions
Item 3: Re-election of Terry McCartney Shareholder Questions For personal use only MYER HOLDINGS LTD : 2024 AGM 19
Slide 20: Item 4: Election of Rob Perry
ITEM 4 For personal use only ELECTION OF ROB PERRY “That Mr Rob Perry, appointed as a Director of the Company on 2 May 2024, who retires in in accordance with rule 8.1(c) of the Company’s Constitution and, being eligible, offers himself for election, be elected as a Director of the Company.” MYER HO
Slide 21: Item 4: Proxy and Direct Votes
Item 4: Proxy and Direct Votes Total For Against Open Abstain Item 4 Shares on % of total % of total % of total Issue Votes votes Votes votes Votes votes Votes For personal use only received received received Election of 837,557,023 471,928,391 98.77% 783,656 0.16% 5,077,797 1.06% 701,746 Rob Perry
Slide 22: Item 4: Shareholder Questions
Item 4: Election of Rob Perry Shareholder Questions For personal use only MYER HOLDINGS LTD : 2024 AGM 22
Slide 23: Item 5: Remuneration Report
ITEM 5 For personal use only REMUNERATION REPORT “That the Remuneration Report forming part of the Directors’ Report for the period ended 27 July 2024 be adopted.” MYER HOLDINGS LTD : 2024 AGM 23
Slide 24: Item 5: Proxy and Direct Votes
Item 5: Proxy and Direct Votes Total For Against Open Abstain Item 5 Shares on % of total % of total % of total Issue Votes votes Votes votes Votes votes Votes For personal use only received received received Adoption of 837,557,023 465,041,248 97.44% 7,224,508 1.51% 5,032,158 1.05% 1,031,182 Remune
Slide 25: Item 5: Shareholder Questions
Item 5: Remuneration Report Shareholder Questions For personal use only MYER HOLDINGS LTD : 2024 AGM 25
Slide 26: Item 6: Grant of Performance Rights to Olivia Wirth
ITEM 6 For personal use only GRANT OF PERFORMANCE RIGHTS TO OLIVIA WIRTH “That the grant of performance rights to the Executive Chair, Ms Olivia Wirth, and the provision of ordinary shares in the Company on the vesting of those performance rights, under the FY25 Long Term Incentive Plan, be approved
Slide 27: Item 6: Proxy and Direct Votes
Item 6: Proxy and Direct Votes Total For Against Open Abstain Item 6 Shares on % of total % of total % of total Issue Votes votes Votes votes Votes votes Votes For personal use only received received received Grant of Performance Rights 837,557,023 465,863,823 97.51% 6,842,253 1.43% 5,028,627 1.05%
Slide 28: Item 6: Shareholder Questions
Item 6: Grant of performance rights to Olivia Wirth Shareholder Questions For personal use only MYER HOLDINGS LTD : 2024 AGM 28
Slide 29: Annual General Meeting
For personal use only 20 AN N UAL GE N E RAL 24 M E E TI N G