Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2021)
29 slides from Jb Hi-fi's shareholder meeting presentation, Oct 28, 2021
Slide 1: JB Hi-Fi Limited 2021 AGM
JB Hi-Fi Limited 2021 AGM JB HI-FI LIMITED
Slide 2: Agenda
Agenda 1. Procedural Issues 2. Items of Business 3. Voting Opens 4. Chairman’s Address 5. Group CEO’s Address 6. Directors standing for election & re-election 7. Proxy Votes received 8. Questions 9. Voting Closes 10. Final Votes 11. Close of Meeting JB HI-FI LIMITED PAGE 2
Slide 3: Procedural Issues – Text Question Process
Procedural Issues Online Attendees – Text Question Process 123-456-789 When the question function is available, the messaging tab will appear at the top of the screen To submit a question, type your question in the “Ask a question” box and press the send arrow Your question will be sent immediately
Slide 4: Procedural Issues – Audio Question Process
Procedural Issues Online Attendees – Audio Question Process 123-456-789 When the audio questions line is available, a link will appear on the home tab titled Asking Audio Questions If you would like to ask an audio question, pause the meeting broadcast and click on the link You will be prompted to e
Slide 5: Procedural Issues – Voting Process
Procedural Issues Online Attendees – Voting Process 123-456-789 When open, the vote will be accessible by selecting the voting tab at the top of the screen To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For Against Abstain There
Slide 6: Items of Business
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 6
Slide 7: Chairman's Address
Chairman’s Address STEPHEN GODDARD JB HI-FI LIMITED PAGE 7
Slide 8: Motivated, passionate and knowledgeable staff
Motivated, passionate and knowledgeable staff JB HI-FI LIMITED PAGE 8
Slide 9: The Group Model
The Group Model Two iconic Australian retail brands Leading retailer of technology and Leading retailer of home appliances Product offering consumer electronics and consumer electronics Strong position with a young tech- Strong position with home-making Target customer base / demographic savvy demog
Slide 10: Generating sustainable long-term growth
Generating sustainable long-term growth The Group’s FY21 Sustainability Report outlines our commitment to having a positive impact on our people, our community and our environment The FY21 Sustainability Report can be found on the Group’s investor website (https://investors.jbhifi.com.au/) JB HI-FI
Slide 11: A focus on long-term shareholder value
A focus on long-term shareholder value JBH share price CAGR of 20.3% since listing, compared to 4.6% on the ASX 200 over the same period $60.00 $50.00 $40.00 Share Price $30.00 $20.00 $10.00 $0.00 JB Hi-Fi Share Price ASX 200 (rebased against JBH share price) JB HI-FI LIMITED PAGE 11
Slide 12: Group CEO's Address
Group CEO’s Address TERRY SMART JB HI-FI LIMITED PAGE 12
Slide 13: FY21 Group Results
FY21 Group Results Total sales up 12.6% to $8.9b NPAT up 67.4% to $506.1m EPS up 67.5% to 440.8cps 8.9 441 7.9 506 6.9 7.1 5.6 302 263 233 250 186 203 217 208 1 1 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Sales ($bn) NPAT ($m) Earnings per Share (cents) 1 FY17 are un
Slide 14: FY21 Divisional Performance
FY21 Divisional Performance FY21 FY20 Growth $m % Sales ($m) - JB HI-FI Australia 5,956.8 5,318.9 638.0 12.0% ▲ - JB HI-FI New Zealand (NZD) 261.6 222.8 38.8 17.4% ▲ - The Good Guys 2,715.7 2,388.8 326.9 13.7% ▲ Total Sales (AUDm) 8,916.1 7,918.9 997.2 12.6% ▲ EBIT ($m) - JB HI-FI Australia 523.0 39
Slide 15: FY22 Sales Update
FY22 Sales Update FY22 sales update ▪ For the period 1 July 2021 to 30 September 2021 (Q1 FY22) Comparable Total Sales Growth Q1 FY22 vs FY21 vs FY20 vs FY21 vs FY20 JB HI-FI Australia (7.9%) 17.3% (7.5%) 17.3% JB HI-FI New Zealand (NZD) (6.4%) (8.8%) (6.4%) (8.8%) The Good Guys (6.1%) 22.9% (5.6%)
Slide 16: Election & Re-election of Directors
Election & Re-election JB Hi-Fi Limited of Directors JB HI-FI LIMITED PAGE 16
Slide 17: 2(a) Re-election of Stephen Goddard
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 17
Slide 18: 2(b) Re-election of Richard Uechtritz
Item 2(b) Re-election of Richard Uechtritz That Mr Richard Uechtritz, 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 18
Slide 19: 2(c) Election of Geoff Roberts
Item 2(c) Election of Geoff Roberts That Mr Geoff Roberts, being a Director of the Company appointed since the last Annual General Meeting, who retires pursuant to the Company’s Constitution and being eligible offers himself for election, is elected as a Director of the Company. JB HI-FI LIMITED PAG
Slide 20: 2(d) Election of Nick Wells
Item 2(d) Election of Nick Wells That Mr Nick Wells, being a Director of the Company appointed since the last Annual General Meeting, who retires pursuant to the Company’s Constitution and being eligible offers himself for election, is elected as a Director of the Company. JB HI-FI LIMITED PAGE 20
Slide 21: 2(a) Re-election of Stephen Goddard – Proxy Votes
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. In respect of this item of business, the fo
Slide 22: 2(b) Re-election of Richard Uechtritz – Proxy Votes
Item 2(b) Re-election of Richard Uechtritz That Mr Richard Uechtritz, 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. In respect of this item of business, th
Slide 23: 2(c) Election of Geoff Roberts – Proxy Votes
Item 2(c) Election of Geoff Roberts That Mr Geoff Roberts, being a Director of the Company appointed since the last Annual General Meeting, who retires pursuant to the Company’s Constitution and being eligible offers himself for election, is elected as a Director of the Company. In respect of this i
Slide 24: 2(d) Election of Nick Wells – Proxy Votes
Item 2(d) Election of Nick Wells That Mr Nick Wells, being a Director of the Company appointed since the last Annual General Meeting, who retires pursuant to the Company’s Constitution and being eligible offers himself for election, is elected as a Director of the Company. In respect of this item of
Slide 25: Item 3 Remuneration Report
Item 3 Remuneration Report That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2021 be adopted. In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For
Slide 26: 4(a) Allocation of restricted shares to Terry Smart
Item 4(a) Approval of allocation of restricted shares to Terry Smart That the allocation of restricted ordinary shares to the Executive Director, Mr Terry Smart, on the terms and conditions described in the Explanatory Notes to this Notice of Meeting, be approved. In respect of this item of business
Slide 27: 4(b) Allocation of restricted shares to Nick Wells
Item 4(b) Approval of allocation of restricted shares to Nick Wells That the allocation of restricted ordinary shares to the Executive Director, Mr Nick Wells, on the terms and conditions described in the Explanatory Notes to this Notice of Meeting, be approved. In respect of this item of business,
Slide 28: Questions?
JB Hi-Fi Limited QUESTIONS? JB HI-FI LIMITED PAGE 28
Slide 29: JB Hi-Fi Limited 2021 AGM
JB Hi-Fi Limited 2021 AGM JB HI-FI LIMITED