Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2023)
30 slides from Jb Hi-fi's shareholder meeting presentation, Oct 26, 2023
Slide 1: JB Hi-Fi Limited 2023 AGM
JB Hi-Fi Limited 2023 AGM JB HI-FI LIMITED
Slide 2: Agenda
Agenda 1. Procedural Issues 2. Summary of Items of Business and Voting Opens 3. Chairman’s Address 4. Group CEO’s Address 5. Further information on each Item of Business (including hearing from the Directors standing for election/re-election and the disclosure of Proxy Votes already received on each
Slide 3: Procedural Issues: How to ask a question
1. Procedural Issues How to ask a question ▪ To ask a written question select the “Q & A” icon ▪ Type your question in the text box and press the send button ▪ To ask a verbal question follow the instructions on the virtual meeting platform JB HI-FI LIMITED PAGE 3
Slide 4: Procedural Issues: How to vote
1. Procedural Issues How to vote ▪ When the poll is open, select the “Vote” icon and the voting options Items of Business will appear on your screen 2A Re-elect Mr Sam Sample as a Director ▪ To vote, select your voting direction. FOR AGAINST ABSTAIN A tick will appear to confirm receipt of your vote
Slide 5: Summary of Items of Business
2. Summary of Items of Business 1. Consideration of Financial and other Reports 2. Election and Re-election of Directors 3. Adoption of Remuneration Report 4. Approval of allocation of restricted shares to the Executive Directors JB HI-FI LIMITED PAGE 5
Slide 6: Chairman's Address
3. Chairman’s Address STEPHEN GODDARD JB HI-FI LIMITED PAGE 6
Slide 7: Motivated, passionate and knowledgeable staff
3. Chairman’s Address Motivated, passionate and knowledgeable staff JB HI-FI LIMITED PAGE 7
Slide 8: Two iconic retail brands
3. Chairman’s Address Two iconic retail brands Purpose Help people with better ways to live, Help families live better for less learn, work, and play Leading retailer of technology and consumer Leading retailer of home appliances and Product offering electronics consumer electronics 200+ JB HI-FI JB
Slide 9: Generating sustainable long-term growth
3. Chairman’s Address Generating sustainable long-term growth JB HI-FI LIMITED PAGE 9
Slide 10: A focus on long-term shareholder value
3. Chairman’s Address A focus on long-term shareholder value JBH share price CAGR of 17.6% 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 - JB Hi-Fi Share Price ASX 200 (rebased against JBH share price) JB HI-FI LIMITED PAGE 10
Slide 11: Group CEO's Address
4. Group CEO’s Address TERRY SMART JB HI-FI LIMITED PAGE 11
Slide 12: Generating sustainable long-term growth
4. Group CEO’s Address Generating sustainable long-term growth Sustainability Policy focus areas FY23 Achievements Our People ▪ Continued to improve gender diversity across the Group, with an increase in the number of women in leadership positions - Diversity & inclusion ▪ Ongoing focus on safety in
Slide 13: FY23 Group Results
4. Group CEO’s Address FY23 Group Results Total sales of $9.6b NPAT of $524.6m EPS of 479.9 cps 8.9 9.2 9.6 506 545 525 7.9 441 479 480 7.1 250 302 263 217 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Sales ($bn) NPAT ($m) Earnings per Share (cents) JB HI-FI LIMITED PAG
Slide 14: The Group continues to leverage and evolve its unique offer and capabilities
4. Group CEO’s Address The Group continues to leverage and evolve its unique offer and capabilities 5 Key Group Focus areas ▪ Deliver value to the customer Retail Execution ▪ Grow our market share ▪ Leverage the efficiency of the model ▪ Expand our reach ▪ Evolve our categories and store layouts Mul
Slide 15: FY24 sales update
4. Group CEO’s Address FY24 sales update ▪ For the period 1 July 2023 to 30 September 2023 (Q1 FY24) ▪ Total sales growth for JB HI-FI Australia was -0.1% with comparable sales growth of -1.4%. As compared to pre Covid FY19, total sales growth was 40.5% ▪ Total sales growth for JB HI-FI New Zealand
Slide 16: Item 1: Financial Report, Directors' Report and Auditor's Report
5. Items of Business Item 1 To receive and consider the Financial Report, the Directors’ Report and Auditor’s Report for the financial year ended 30 June 2023 JB HI-FI LIMITED PAGE 16
Slide 17: Item 2(a) Re-election of Stephen Goddard
5. Items of Business Item 2(a) Re-election of Stephen Goddard That Mr Stephen Goddard, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers himself for re-election, is re-elected as a Director of the Company. JB HI-FI LIMITED PAGE
Slide 18: Item 2(a) Proxy votes received
5. Items of Business Item 2(a) Re-election of Stephen Goddard In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 69,701,706 94.99 Open / Undirected (Chairman) 112,911 0.15 The Chairman intends to vote his
Slide 19: Item 2(b) Re-election of Melanie Wilson
5. Items of Business Item 2(b) Re-election of Melanie Wilson That Ms Melanie Wilson, 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 19
Slide 20: Item 2(b) Proxy votes received
5. Items of Business Item 2(b) Re-election of Melanie Wilson In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 66,200,946 90.17 Open / Undirected (Chairman) 113,284 0.15 The Chairman intends to vote his
Slide 21: Item 2(c) Election of Christy Boyce
5. Items of Business Item 2(c) Election of Christy Boyce That Ms Christy Boyce, being a Director of the Company appointed since the last Annual General Meeting, who retires by rotation pursuant to the Company’s Constitution and being eligible offers herself for election, is elected as a Director of
Slide 22: Item 2(c) Proxy votes received
5. Items of Business Item 2(c) Election of Christy Boyce In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 72,946,267 99.35 Open / Undirected (Chairman) 137,732 0.19 The Chairman intends to vote his open
Slide 23: Item 3: Adoption of Remuneration Report
5. Items of Business Item 3 That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2023 be adopted. JB HI-FI LIMITED PAGE 23
Slide 24: Remuneration Report proxy votes
5. Items of Business Item 3 Remuneration Report In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 69,748,764 97.29 Open / Undirected (Chairman) 109,323 0.15 The Chairman intends to vote his open/undirect
Slide 25: Item 4: Allocation of restricted shares to Executive Directors
5. Items of Business Item 4 a) That the allocation of restricted ordinary shares to Executive Director, Mr Terry Smart, on the terms and conditions described in the Explanatory Notes to this Notice of Meeting, be approved. b) That the allocation of restricted ordinary shares to Executive Director, M
Slide 26: 4(a) Allocation of restricted shares to Terry Smart
5. Items of Business Item 4(a) Approval of allocation of restricted shares to Terry Smart In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 57,909,607 79.04 Open / Undirected (Chairman) 110,406 0.15 The
Slide 27: 4(b) Allocation of restricted shares to Nick Wells
5. Items of Business Item 4(b) Approval of allocation of restricted shares to Nick Wells In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 57,909,675 79.03 Open / Undirected (Chairman) 106,350 0.15 The C
Slide 28: Questions
6. Questions JB Hi-Fi Limited QUESTIONS? JB HI-FI LIMITED PAGE 28
Slide 29: How to vote
How to vote How to vote ▪ When the poll is open, select the “Vote” icon and the voting options Items of Business will appear on your screen 2A Re-elect Mr Sam Sample as a Director ▪ To vote, select your voting direction. FOR AGAINST ABSTAIN A tick will appear to confirm receipt of your vote 2B Re-el
Slide 30: JB Hi-Fi Limited 2023 AGM
JB Hi-Fi Limited 2023 AGM JB HI-FI LIMITED