Woolworths Group Ltd · ASX:WOW
Woolworths — Shareholder Meeting (November 2008)
43 slides from Woolworths's shareholder meeting presentation, Nov 27, 2008
Slide 1: For personal use only
For personal use only
Slide 2: James Strong, Chairman
James Strong Chairman Q E mz — W = 6 5 : =
Slide 3: For personal use only
For personal use only
Slide 4: Dividends per share
Dividends per share FINAL DIVIDEND 2008: 48c 95 - INTERIM DIVIDEND 2008: 44c 92 74 +25.4% » «65; 59 51 +15.7% } 45 ( 45 - +13.3% ( +15.4% Cents uo uo 2004 2005 2006 2007 2008 Dividend Pay-out ratio of 69.0% is in line with last year a = 2 a icp) a 6 =
Slide 5: Earnings per share — up 24.0%
Earnings per share — up 24.0% 140 - 134.9 130 4 +24.0% | 120 4 110 - | +19.7% m0 90.9 108.8 90 4 80 + [70 + ( 60 oo 50 4 } 40 - i 304 | 20 ; ; ll 2004 2005 2006 2007 2008 79.2 +14.8% 70.1 +13.0% +15.5% = Cents REFLECTS STRENGTHENING OF OUR BALANCE SHEET DURING A PERIOD OF MAJOR ACQUISITIONS, INTEGRA
Slide 6: Chairman's Address
CGALINI' T SHLYOMTOO\A, Chairman’s Address
Slide 7: Michael Luscombe, Managing Director and CEO
| Michael Luscombe | Managing Director and ( Chief Executive Officer Q E mz — W = 6 5 : =
Slide 8: For personal use only
For personal use only
Slide 9: For personal use only
For personal use only
Slide 10: For personal use only
For personal use only
Slide 11: For personal use only
For personal use only
Slide 12: For personal use only
For personal use only
Slide 13: For personal use only
For personal use only
Slide 14: For personal use only
For personal use only
Slide 15: For personal use only
For personal use only
Slide 16: Corporate Citizenship
Corporate Citizenship Farmers | AR 4c" 2 ka | freSh food Community Grants = WOOLWORTHS = WOOLWORTHS LIMITED
Slide 17: Financials
CaLINI'] SHINOMIOOM, Financials
Slide 18: Sales — continuing strong sales growth
Sales — continuing strong sales growth 50.0 - 47.0 45.0 + 42.5 ( 40.0 - 37.7 12.6% 35.0 - 31.4 20.4% 30.0; 27.9 12.2% 25.0 - 6.1% 20.0 - 15.0 4 10.0 + 5.0 - | 0.0 ' : , ( 2004 2005 2006 2007 2008 $ Billion 2008 is based on a 53 week year a = 2 a icp) a 6 =
Slide 19: Gross Profit Margin
Gross Profit Margin Gross Margins have declined 2 bps reflecting the impact of higher fuel prices on Petrol =u =Ssrevenues. Down 2 pts 25.5% - in 2008 25.82% 25.30% il Q | = ( 25.03% = | 25.0% - a ° | 24.91% 24.89% —_ ( Ww | : 3 ( : 24.5% 2004 2005 2006 2007 2008 g
Slide 20: CODB / Sales
CODB / Sales CODB includes certain one-off items, including the profit on sale of certain properties and costs associated with certain strategic initiatives. When these items are excluded the reduction in CODB is 38 bps. Our targeted CODB reduction of 20 basis continues to be achieved when the disto
Slide 21: EBIT — up 19.8% growing faster than sales
EBIT — up 19.8% growing faster than sales (4) 2,600 - 2,529 2,400 - (3 2,200 - 2,111 2,000 - 1,800 - 1,600 - ; (1) 9 4,400 - 1,302 32.3% 41,2001 1,065 1,000 + 5 goo | | 126% 600 - 400 - 200 2004 2005 2006 2007 2008 ) (2) 1,722 22.6% ) Includes ALH from 31 October 2004 and MGW from 2 January 2005. )
Slide 22: Profit after tax — up 25.7%
Profit after tax — up 25.7% § Miltion (1) (2) (5) 1,700 5 1,626.8 1,600 + 4,500 - 1,400 - 4,300 + 4,200 + 1,294.0 () +27.5% 1,100 - 1,014.6 °) 4,000 - 900 - 800 - 700 - 600 - +12.8% 500 - 400 1 T 1 1 2004 2005 2006 2007 2008 Includes ALH from 31 October 2004 and MGW from 2 January 2005. Includes Pro
Slide 23: Buy Back
$ Miliion Buy Back 1,122 1000 - 941 534 894 693 633 604 600 7 349 141 538 346 2001 2002 2003 2004 ##=#$.2005 ##2006 2007 #+;«®2008 PROFIT GROWTH, COUPLED WITH BALANCE SHEET MANAGEMENT, DELIVERED $5,770 million PAYOUT TO SHAREHOLDERS OVER LAST 8 YEARS
Slide 24: Share Price Performance
Share Price Performance TSR CAGR } Jun 2000 — 6.00 ies Jun 2008 5.00 4.50 og WOW 18.6% 3.50 3.00 (2.50 ( 2.00 1.50 ba All Ords 6.4% {| 0.50 Jun-2000 Jun-2001 Jun-2002 Jun-2003 Jun-2004 = Jun-2005 Jun-2006 = Jun-2007 Jun-2008 a ea) = 2 a icp) a 6 =
Slide 25: First quarter sales results
FIRST QUARTER SALES RESULTS 14 WEEKS TO 5th OCTOBER 2008 4 2008 2009 Increase Comparable Statutory Statutory Sales (14 weeks) (14 weeks) Increase { First Quarter b' Australian Food and Liquor 7,667 8,304 8.3% 6.0% New Zealand Supermarkets 1,070 1,010 (5.6)% 3.0% Petrol 1,321 1,723 30.4% 26.5% a ( Su
Slide 26: For personal use only
For personal use only
Slide 27: Formal Business
CGALINI' T SHLYOMTOO\A, Formal Business
Slide 28: Inserting your smartcard
Inserting your smartcard The smartcard should have been inserted into your handset when you registered for the AGM. If the smartcard is not inserted into o_me | your handset please do so now. | Make sure the arrows at the bottom of the smartcard are inserted and facing you. a ea) = 2 a icp) a 6 =
Slide 29: Inserting your smartcard
Inserting your smartcard Insert the smartcard up to the red line. Awelcome message will appear when the card is inserted correctly. iml — Welcome (Mr Seth a ea) = 2 a icp) a 6 =
Slide 30: Casting your vote
Casting your vote When the poll opens, the handset will display the voting options being: 1 to vote FOR the resolution 2 to vote AGAINST the resolution 3 to ABSTAIN your vote Press the appropriate button on the handset to register your intentions. WOOLWORTHS LIMITED
Slide 31: Vote Confirmation
Vote Confirmation “Received” will appear on your handset to indicate your vote has counted If you wish to change your mind, simply enter your new choice a ea) = 2 a icp) a 6 =
Slide 32: Changing your vote
Changing your vote If you wish to withdraw your vote press the Cancel button a ea) = 2 a icp) a 6 =
Slide 33: Casting your vote
Casting your vote When the poll opens, the handset will display the voting options being: 1 to vote FOR the resolution 2 to vote AGAINST the resolution 3 to ABSTAIN your vote Press the appropriate button on the handset to register your intentions. Those with split votes will need to press the blue b
Slide 34: Dislodged Cards
Dislodged Cards If you accidentally dislodge the smartcard a warning will appear on your screen and you may need to push the smartcard back into the handset. a ea) = 2 a icp) a 6 =
Slide 35: Casting your vote
Casting your vote When the poll opens, the handset will display the voting options being: 1 to vote FOR the resolution 2 to vote AGAINST the resolution 3 to ABSTAIN your vote Press the appropriate button on the handset to register your intentions. a = 2 a icp) a 6 =
Slide 36: Item 1: Review of Accounts
CaLINI'] SHLIOMIOOM Item 1: Review of Accounts
Slide 37: Item 2: Remuneration Report
CaLINI'] SHLIOMIOOM Item 2: Remuneration Report SS 5 ® i) » So s /) ® oo 5 ML
Slide 38: Item 3: Re-Election of Directors
Es = — CGALINI' T SHLYOMTOO\A, B tem 3: Re-Election of Directors ® KL) 2 w = 2 1) oo 5 iz
Slide 39: Roderick Deane
Roderick Deane CaLINI'] SHLIOMIOOM
Slide 40: Leon L'Huillier
Leon L’ Huillier CGALINI' T SHLYOMTOO\A,
Slide 41: Item 4: Executive Directors Long Term Incentive Plan Issue
| ~Item 4: Executive Directors ' Long Term Incentive Plan Z Issue a = 2 a icp) a 6 =
Slide 42: For personal use only
For personal use only
Slide 43: For personal use only
For personal use only