Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2009)
16 slides from Jb Hi-fi's shareholder meeting presentation, Oct 14, 2009
Slide 1: JB Hi-Fi Limited 2009 Annual General Meeting
For personal use only JB Hi- Hi-Fi Limited 2009 Annual General Meeting 14 October 2009
Slide 2: Agenda
AGENDA For personal use only • Presentations by Chairman and Chief Executive Officer • Ordinary Business • Item 1: Consider Accounts and Reports • Item 2: Remuneration Report • Item 3: Re-election of Mr Elliott and Mr Levin • Special Business • Item 4: Approval of grant of Options to Executive Direc
Slide 3: Chairman's Address: Sales, EBIT and NPAT growth
CHAIRMAN’S ADDRESS Mr Patrick Elliott For personal use only SALES +27% EBIT +39% NPAT +45% ~2.80b 94.4m +45% +20% 142.0m +39% 2.33b + +27% 65.1m 102.3m 1.83b +61% +56% FORECAST +43% 1.28b 65.5m 40.4m +36% +47% +57% 946m +36% 44.5m 25.8m 694m +28% 34.7m +32% +54% 19.5m +52% 452m 22.8m +41% 13.8m 356m
Slide 4: Strong Shareholder Return
CHAIRMAN’S ADDRESS…. Strong Shareholder Return: For personal use only • Dividend of 44.0 cents per share up 69%. • Since the IPO in October 2003 annual compound growth of 51.1% vs. 6.3% for the ASX 200*. * As at 30 September 2009 4
Slide 5: Sustainable Competitive Advantage
CHAIRMAN’S ADDRESS…. Sustainable Competitive Advantage: For personal use only • The company’s strategy: • every day focus on lowest cost of doing business; and • a broad range of every day low priced products for our customers • JB’s unique product ranging, mix and branding that drives very high lev
Slide 6: Roll Out Continues
CHAIRMAN’S ADDRESS…. Roll Out Continues: For personal use only • The roll out of JB Hi-Fi branded stores has continued across Australia and New Zealand. • The Company has identified 160 store locations that can be serviced by the existing store format and stock mix. It is expected that a further 50
Slide 7: Funding of Growth Plans
CHAIRMAN’S ADDRESS…. Funding of Growth Plans: For personal use only • Funding of growth via strong levels of cash flow generated from established stores and a prudent level of borrowings. • JB is one of the more conservatively geared listed retailers with fixed charges cover of 3.8 times. • Interest
Slide 8: Workplace Giving Program
CHAIRMAN’S ADDRESS…. Workplace Giving Program: For personal use only • In November 2008 JB launched the Workplace Giving Program – “Helping Hands”. • Through this program, employees are able to donate to five charities with all donations matched dollar for dollar by JB. • We are proud to have raised
Slide 9: People & Culture
CHAIRMAN’S ADDRESS…. People & Culture: For personal use only • Our ability to operate profitably and to expand as quickly and successfully as we have is a testament to our people and the company’s continued ability to attract and retain them. • Store staff are typically enthusiasts of the product ca
Slide 10: Chief Executive Officer's Address: Store Growth
CHIEF EXECUTIVE OFFICER’S ADDRESS Mr Richard Uechtritz For personal use only Store Growth Total Stores: 130* (JB Aust. 105, CA 11, JB NZ 9, H&S 5) 1 26 144 14 123 7 105 29 89 5 33 66 14 48 1 32 26 21 15 10 Acquired 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010F 10 July 2000 * as at 14 October 20
Slide 11: Consideration of Accounts and Reports
ITEM 1 Consideration of Accounts and Reports: For personal use only To receive and consider the financial report of the Company for the financial year ended 30 June 2009 together with the directors’ report and auditor’s reports for the financial year ended 30 June 2009. 11
Slide 12: Remuneration Report
ITEM 2 Remuneration report For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That the Remuneration Report for year ending 30 June 2009 be adopted." Proxies: In respect to this item of business, the following proxies have been received
Slide 13: Election of Directors
ITEM 3 Election of directors: For personal use only To re-elect Directors of the Company, each election to be voted on separately: (a) "In accordance with the Company’s Constitution, Mr Patrick Elliott retires by rotation and, being eligible, offers himself for re-election." (b) "In accordance with
Slide 14: Approval of grant of Options to Executive Directors
ITEM 4 Approval of grant of Options to Executive Directors: For personal use only To consider and, if thought fit, to pass the following resolutions as ordinary resolutions: (a) Approval of grant of Options to an Executive Director – Mr Richard Uechtritz “That pursuant to ASX Listing Rule 10.14 and
Slide 15: Increase in Directors' Fees
ITEM 5 Increase in Directors’ fees: For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, pursuant to article 9.9 of the Company’s Constitution and ASX Listing Rule 10.17, the total amount or value which may be provided in each year
Slide 16: Other Business
For personal use only OTHER BUSINESS 16