Super Retail Group Limited · ASX:SUL
Super Retail — Shareholder Meeting (October 2019)
38 slides from Super Retail's shareholder meeting presentation, Oct 22, 2019
Slide 1: 2019 Annual General Meeting
2019 Annual General Meeting 22 October 2019
Slide 2: Today’s Agenda
Today’s Agenda Chair’s Presentation Dr. Sally Pitkin Group MD & CEO’s Presentation Anthony Heraghty Items of Business Dr. Sally Pitkin 2
Slide 3: Dividend Per Share Trends
Dividend Per Share Trends Reported DPS (c) 11% CAGR 49.0 50.0 46.5 40.0 40.0 41.5 38.0 32.0 29.0 21.5 18.0 Jun 09 Jun 10 Jun 11 Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun-18 Jun-19 3
Slide 4: Total Shareholder Returns
Total Shareholder Returns Total shareholder returns – 10 years to June 20191 6,000 5,000 Total value of $1,000 invested 4,000 3,000 2,000 1,000 - Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Super Retail S&P / ASX 200 Consumer Discretionary S&P / ASX 200 Index Source:
Slide 5: Today’s Agenda
Today’s Agenda Chair’s Presentation Dr. Sally Pitkin Group MD & CEO’s Presentation Anthony Heraghty Items of Business Dr. Sally Pitkin 5
Slide 6: Group Highlights
Group Highlights F I N A N C I A L A N D O P E R AT I N G P E R F O R M A N C E FINANCIAL PERFORMANCE OPERATING PERFORMANCE Total Group sales of $2.71b up by 5.4% on All core businesses delivering solid LFL and pcp total sales growth Total Group LFL sales growth of 2.9% Over six million acti
Slide 7: Group Highlights: Key Strengths and Opportunities
Group Highlights KEY STRENGTHS AND OPPORTUNITIES FOUR LARGE, GROWING AND FOCUS ON SEAMLESS OMNI- POWERFUL BRANDS HIGHLY ENGAGED CUSTOMER RETAIL EXECUTION LOYALTY BASE • Recognised brands with market • Over six million active customers in our • Investing in digital capability to leading positions in
Slide 8: Group Highlights: Healthy, Happy and Engaged Team Members
Group Highlights H E A LT H Y, H A P P Y A N D E N G A G E D T E A M M E M B E R S • Awarded an Aon Best Employer for Australia (2019), as part of Aon Best Employers global certification • certification assessed on four measures: employee engagement, organisational agility, engaging leadership and t
Slide 9: Group Highlights: Sustainability
Group Highlights Our 2019 Sustainability Report is available on our website for further information S U S TA I N A B I L I T Y ACTING WITH INTEGRITY 97% 52 BECAME A SIGNATORY LISTED AS RECOGNISED BY ASCI LAUNCHED REVISED OF FACTORIES COMPLETED DOW JONES TO UN GLOBAL COMPACT SUSTAINABILITY LEADER AS
Slide 10: Supercheap Auto
Supercheap Auto • Total sales growth of 3.4% driven by like for like sales 2018/19 Change on growth and contribution from new stores $m PCP • Like for like sales growth of 2.3% driven by higher average Sales 1,040.6 3.4% item value and items per transaction • Like for like sales growth was achieved
Slide 11: Rebel
Rebel • Total sales growth of 3.8% driven by LFL sales growth 2018/19 Change on and new store openings $m1 PCP • Like for like sales growth of 3.3% was supported by transaction growth and higher average transaction Sales 1,016.4 3.8% value • Queensland, Victoria and South Australia delivered the LFL
Slide 12: BCF
BCF • 3.2% like for like sales growth was driven by higher ATV 2018/19 Change on resulting from increased units per sale $m PCP • LFL sales growth across all Australian states Sales 514.6 3.3% • Overall performance reflects significant investment in price to maintain market leading position • Gross
Slide 13: Macpac
Macpac Macpac 2018/19 2017/18 AUD m1 AUD m1 • Completed integration of Macpac Sales • Sales of $119.3m supported by new stores and 7.3% like for like - Macpac 119.32 31.4 growth (moderated in the fourth quarter) - Rays 19.5 50.1 • EBITDA of AUD17.4m(2) is 18.4% higher than acquisition case of 138.8
Slide 14: Trading Update
Trading Update Group sales for first 16 weeks of 2019/20 • Group sales growth of 4.2% and like-for-like sales growth of 3.2% • While retail consumer sentiment remains mixed, the Group has delivered strong sales growth and like-for-like sales growth across its three largest brands. In response to a c
Slide 15: Leadership Team
Leadership Team HIGHLY EXPERIENCED LEADERSHIP TEAM IN PLACE Managing Director and CEO Anthony Heraghty Chief Financial Managing Director Managing Director Managing Director CEO Officer Supercheap Auto Rebel BCF Macpac David Burns Benjamin Ward Gary Williams Paul Bradshaw1 Alex Brandon Interim Group
Slide 16: Group Strategy
Group Strategy The Group’s corporate strategy will build upon the focus areas previously identified in the Company’s April 2019 investor presentation Seamless Omni-retail Integrated Supply Chain Model Simplification Customer Analytics Brand Development • Deployed Salesforce CC • National DC network
Slide 17: The Year Ahead 2019/20
The Year Ahead 2019/20 The Year Ahead 2019/20 17
Slide 18: Today’s Agenda
Today’s Agenda Chair’s Presentation Dr. Sally Pitkin Group MD & CEO’s Presentation Anthony Heraghty Items of Business Dr. Sally Pitkin 18
Slide 19: Item 1: Reports and Accounts
Item 1: Reports and Accounts No Resolution Required: The first item of business is to receive and consider the Financial Report and the Directors’ and Auditors’ reports for the financial period ended 29 June 2019. SUPER RETAIL GROUP 19
Slide 20: Item 1: Reports and Accounts
Item 1: Reports and Accounts & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 20
Slide 21: Procedure for the remainder of the meeting
Procedure for the remainder of the meeting Each item requires a formal vote. Shareholders will be given the opportunity to ask questions. Voting on each item will be by Poll rather than by show of hands. Attendees wishing to vote should use the Voting Card provided on registration. SUPER RETAIL GROU
Slide 22: Item 2: Remuneration Report
Item 2: Remuneration Report Resolution Required: “That the Company’s Remuneration Report contained within the accounts for the year ended 29 June 2019 be adopted” by passing an ordinary resolution as set out in the Notice of Meeting. SUPER RETAIL GROUP 22
Slide 23: Item 2: Remuneration Report
Item 2: Remuneration Report & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 23
Slide 24: Item 2: Remuneration Report
Item 2: Remuneration Report VOTES RECEIVED: Votes % of Eligible Votes Cast Received (excluding abstentions) For 96,131,058 98.81% .13% Undirected (Chair) 123,047 Undirected .16% 159,405 (Other) Against 875,707 .90% Abstain 3,910,888 - The Chair of the Meeting intends to vote all available proxies in
Slide 25: Item 3: Re-election of Director – Diana Eilert
Item 3: Re-election of Director – Diana Eilert Resolution Required: “That Ms Diana Eilert, who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rule 14.4 and, being eligible, offers herself for election, be re-elected as a Director of the Company” by passing an ordin
Slide 26: Item 3: Re-election of Director – Diana Eilert
Item 3: Re-election of Director – Diana Eilert & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 26
Slide 27: Item 3: Re-election of Director – Diana Eilert
Item 3: Re-election of Director – Diana Eilert VOTES RECEIVED: Votes % of Eligible Votes Cast Received (excluding abstentions) For 156,955,093 99.56% 125,139 .08% Undirected (Chair) Undirected 159,405 .10% (Other) Against 401,525 .25% Abstain 1,400,491 - The Chair of the Meeting intends to vote all
Slide 28: Item 4: Approval of Securities
Item 4: Approval of Securities (MD & CEO LTI ) Resolution Required: “That approval is given for the purposes of ASX Listing Rule 10.14 and all other purposes, for the grant of 86,294 performance rights to Anthony Michael Heraghty under the Performance Rights Plan, in respect of the long-term incenti
Slide 29: Item 4: Approval of Securities
Item 4: Approval of Securities (MD & CEO LTI ) & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 29
Slide 30: Item 4: Approval of Securities
Item 4: Approval of Securities (MD & CEO LTI ) VOTES RECEIVED: Votes % of Eligible Votes Cast Received (excluding abstentions) For 156,486,643 99.29% 125,206 .08% Undirected (Chair) Undirected 157,905 .10% (Other) Against 821,220 .52% Abstain 1,409,988 - The Chair of the Meeting intends to vote all
Slide 31: Item 5: Approval of Securities
Item 5: Approval of Securities (MD & CEO Co-Investment) Resolution Required: “That approval is given for the purposes of ASX Listing Rule 10.14 and all other purposes, for the grant of 53,262 performance rights to Anthony Michael Heraghty under the Performance Rights Plan, in respect of the one-off
Slide 32: Item 5: Approval of Securities
Item 5: Approval of Securities (MD & CEO Co-Investment) & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 32
Slide 33: Item 5: Approval of Securities
Item 5: Approval of Securities (MD & CEO Co-Investment) VOTES RECEIVED: Votes % of Eligible Votes Cast Received (excluding abstentions) For 133,703,640 84.86% 130,516 .08% Undirected (Chair) Undirected 156,756 .10% (Other) Against 23,562,449 14.95% Abstain 1,447,601 - The Chair of the Meeting intend
Slide 34: Item 6: Amendments to Constitution
Item 6: Amendments to Constitution Resolution Required: “That, in accordance with section 136(2) of the Corporations Act, the Company’s Constitution be modified by making the amendments contained in the document tabled at the Annual General Meeting and signed by the Chair for the purposes of identif
Slide 35: Item 6: Amendments to Constitution
Item 6: Amendments to Constitution & Would you like to share any comments or ask a question? SUPER RETAIL GROUP 35
Slide 36: Item 6: Amendments to Constitution
Item 6: Amendments to Constitution VOTES RECEIVED: Votes % of Eligible Votes Cast Received (excluding abstentions) For 157,198,338 99.75% 148,763 .09% Undirected (Chair) Undirected 159,405 .10% (Other) Against 84,247 .05% Abstain 1,450,900 - The Chair of the Meeting intends to vote all available pro
Slide 37: Polls
Polls 1. Please complete your voting card 2. Place it in one of the polling boxes 3. Short recess whilst the votes are cast 4. Close of meeting SUPER RETAIL GROUP 37
Slide 38: Thank you
Thank you I extend an invitation to join the Board and members of the Executive Leadership Team for light refreshments 38
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