Slide 1: Analysts' Presentation cover letter
For personal use only 27 February 2015 The Manager Companies Australian Securities Exchange Limited Company Announcements Office Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam RE: Woolworths Limited – Analysts’ Presentation Attached is a presentation to analysts in relation to Woolworths L
Slide 2: Woolworths Limited Half Year Results
Sophia WOooLwortTHs LIMITED Ei Ps COMPANY RESULTS _ HALF YEAR ENDED re j 4 January 2015
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Slide 5: Group EBIT
Group EBIT $ million HY15 HY14 Change Before Significant Items! Australian Food, Liquor and Petrol 1,895.6 1,766.1 73% New Zealand Supermarkets (AUD) 154.3 136.8 12.8% New Zealand Supermarkets (NZD) 169.1 164.4 2.9% General Merchandise 109.7 120.5 (9.0)% Hotels 144.6 163.9 (11.8)% Home Improvement (
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Slide 7: Progress Against Our Four Strategic Priorities
Progress Against Our Four Strategic Priorities Put in place the enablers for anew era of growth #3 Act on our portfolio to #4 = maximise shareholder value Next generation logistics and technology development that will greatly enhance efficiency as we progress Mercury 2 plans Better understanding our
Slide 8: Australian Food, Liquor and Petrol (I)
the fresh food people Australian Food, Liquor and Petrol (I) Woolworths @ HY15 HY14 Change Food & Liquor Trading Performance Sales ($m) * Australian Food & Liquor sales were $22.2b, an increase of 3.4% on HY14. = Comparable sales increased 1.7% * The sales momentum in October and November showed imp
Slide 9: Australian Food, Liquor and Petrol (II)
Australian Food, Liquor and Petrol (II @ petrol HY15 HY14 Change Petrol Trading Performance Sales ($m) * Sales and volumes were impacted by declining average fuel sell prices = (unleaded HY15: 142.0 cpl, HY14: 150.2 cpl) and changes to the Woolworths- Food) @ lLitewor 22,200 21,477 3.4% Caltex allia
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For personal use only HY11 3.2 HY12 3.6 HY13 3.8 HY14 4.0 HY15 4.2 • • • • •
Slide 11: Hotels
Hotels HY15 HY14 Change Trading Performance = * Sales were $782m, a decrease of 0.8% on HY14 with comparable sales Sales ($m) 782 788 (0.8)% decreasing by 14% * Excluding the impact of the additional Victorian gaming tax which came into |’ effect in May 2014, sales increased 0.8% and comparable sale
Slide 12: New Zealand Supermarkets
New Zealand Supermarkets countdown (©) shop smarter NZD HY15 HY14 Change Trading Performance Sales ($m) 3,054 3,020 11% * Sales were NZ$3.1b, an increase of 1.1%! on HY14 (4.7% increase in AUD) > * Comparable sales decreased 0.3%! and reflect further investment in price as well as ongoing subdued gr
Slide 13: General Merchandise
General Merchandise cw) eZiBuUY HY15 HY14 Change Trading Performance Before Significant Items! » Sales decreased 3.5% on HY14, impacted by the ongoing BIG W transformation, declining consumer sentiment, ongoing price deflation (HY15: sales ($m) 2365 2,452 (3.5)% 3.5%) and inventory clearance activit
Slide 14: Home Improvement
Home Improvement Masters OD Home Improvement ‘OME THRO & KAROWARE cAOUP HY15 HY14_ Change Trading Performance Sales ($m) * Home Improvement sales for HY15 were $988m, an increase of 24.1% on = HY14 Masters 505 393 28.5% * Masters sales for FY15 were $505m, an increase of 28.5%. Masters stores Ls hav
Slide 15: Balance Sheet
Balance Sheet Change $ million HY15 HY14 HY15/HY14 FY14 Inventory 4,835.2 4,779.8 1.2% 4,693.2 Trade Payables (4,448.8) (4,693.4) (5.2)% (4,588.4) Net Investment in Inventory 386.4 86.4 347.2% 104.8 =Raceivables 1,059.0 874.1 21.2% 965.2 Other Creditors (3,251.0) (3,191.2) 1.9% (3,184.9) ‘Working Ca
Slide 16: For personal use only
For personal use only HY11 31.5 HY12 32.11 32.6 HY13 33.31 35.3 HY14 35.21 38.2 HY15 34.51 39.4 HY11 16.7 HY12 15.4 HY13 15.8 HY14 14.9 18.03 HY15 14.5 18.13
Slide 17: Cash Flow
Cash Flow lion HY15 HY14__ Change TDA - Total! 2,516.0 2,570.8 (2.1%) Net increase in inventory (225.1) (511.2) Net (decrease)/ increase in accounts payable (220.8) 669.0 Net change in other working capital and non-cash 208.3 51.9 Cash from Operating Activities before interest and tax 2,278.4 2,780.
Slide 18: Capital Expenditure
Capital Expenditure Half Year Fuil Year HY15 HY14 . $ million Actual Actual Capex (excluding Property Development) New Stores - excluding Home Improvement (HI) 102 104 $m % Refurbishments - excluding HI 173 138 750 5 New Stores and Refurbishments - HI 18 49 Supply Chain, IT, Multi-option and Stay in
Slide 19: In HY15, we have continued to grow dividend payments to shareholders
In HY15, we have continued to grow dividend payments to shareholders $ billion Interim dividend ™ Buy back @ Finaldividend In-specie distribution HY CAGR: 10.8% 22 22 1.7 17 16 13 1 09 07 ha ag 07 07 07 0.8 0.8 0.8 0.5 ; Oe 04 FY06 FYO7 FYO8 FYO9 FY10 FY1I FY12 FY13 FY14 HY15 Ts Woo wortHs LIMITED _
Slide 20: Outlook
Outlook A strategic review of Australian Supermarkets performance confirmed the considerable opportunities for performance improvement, future growth and the need for continued disciplined investment in value for customers to maintain our market leadership and drive sales momentum ¢ While there is a
Slide 21: Appendices
Appendices SN [eUOSJOCd JO} Woo.wortHs LIMITED
Slide 22: Group Sales
Group Sales $ million HY15 HY14 Change Australian Food and Liquor 22,200 21,477 3.4% Petrol! 3,306 3,665 (9.8)% Australian Food, Liquor and Petrol! 25,506 25,142 14% New Zealand Supermarkets (AUD) 2,790 2,665 47% New Zealand Supermarkets (NZD) 3,054 3,020 11% General Merchandise 2,365 2,452 (3.5)% H
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For personal use only HY11 26.04 HY12 26.33 HY13 26.95 HY14 27.04 HY15 27.24 • •
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For personal use only HY11 19.73 HY12 19.97 HY13 20.51 HY14 20.61 HY15 20.67 •
Slide 25: Disclaimer
Disclaimer This presentation contains summary information about Woolworths Limited (Woolworths) and its activities current as at the date of this presentation. It should be read in conjunction with Woolworths’ other periodic and continuous disclosure announcements filed with the Australian Securitie