Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2008)
16 slides from Jb Hi-fi's shareholder meeting presentation, Oct 14, 2008
Slide 1: JB Hi-Fi Limited Annual General Meeting
For personal use only JB HI-FI LIMITED Annual General Meeting 14th October 2008
Slide 2: Agenda
AGENDA For personal use only • Presentations by Chairman and Chief Executive Officer • Item 1: Tabling & Consideration of Accounts and Reports • Item 2: Adoption of remuneration report • Item 3: Election of directors • Item 4: Approval of grant of Options to Executive Directors • Other Business 2
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Mr Patrick Elliott For personal use only SALES +43% EBIT +56% NPAT +61% 1.83b 102.3m 65.1m +43% +56% +61% 1.28b +36% 65.5m 40.4m +47% +57% 946m +36% 44.5m 694m +28% 25.8m +54% 34.7m +32% +52% 19.5m 452m 61% +41% 22.8m 13.8m 356m +27% 16.7m +37% +60% 249m +43% 8.6m 11.6m +44% 155m
Slide 4: Strong Shareholder Return
CHAIRMAN’S ADDRESS…. Strong Shareholder Return: For personal use only • Dividends of 26.0 cents per share up 136%, resulting in payout ratio 42% • Since the IPO in October 2003 annual compound growth of 44.7% vs. 5.1% for the ASX 200.* * As at 13 October 2008 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 le
Slide 6: Roll Out Continues
CHAIRMAN’S ADDRESS…. Roll Out Continues: For personal use only • We have a strong store representation in all Australian states and territories and aim to have seven JB Hi-Fi branded stores in New Zealand by 31 December 2008. • Successfully expanding into major regional centres. • Continued success
Slide 7: Diversified Product Offering
CHAIRMAN’S ADDRESS…. Diversified Product Offering: For personal use only • Increasing penetration of new technology such as plasma and LCD TVs, MP3 players and DVD recorders. • Shift of product mix to be an early leader in new technologies promising high growth and significant volume (e.g. games mar
Slide 8: 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 3.3 times. • Interest
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: 119* Total ~ 129 (JB Aust. 94, CA 11, JB NZ 7, H&S 7) 2H~10 1 25 119 11 105 6 89 26 66 5 48 30 32 21 26 14 10 15 1 Acquired 2001 2002 2003 2004 2005 2006 2007 2008 2009F July 2000 * Forecast 31 De
Slide 11: Tabling & Consideration of Accounts and Reports
ITEM 1 Tabling & 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 2008 together with the directors’ report and auditor’s reports for the financial year ended 30 June 2008. Proxies: In respect
Slide 12: Adoption of Remuneration Report
ITEM 2 Adoption of Remuneration Report: For personal use only To adopt the remuneration report for the year ending 30 June 2008. Proxies: In respect to this item of business, the following proxies have been received: • In favour 59,567,460 • Against 4,811,855 • Open and undirected 2,019,294 Also in
Slide 13: Election of Directors
ITEM 3 Election of Directors: For personal use only In accordance with the Company’s Constitution: (a) Dr Will Fraser retires by rotation and, being eligible, offers himself for re-election; (b) Mr Terry Smart retires by rotation and, being eligible, offers himself for re-election; and (c) Mr Greg R
Slide 14: Approval of grant of Options to Executive Directors
ITEM 4 Approval of grant of Options to Executive Directors: For personal use only (a) Approval of grant of Options to an Executive Director – Mr Richard Uechtritz To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That pursuant to ASX Listing Rule 10.11 and
Slide 15: Approval of grant of Options to Executive Directors: Proxies
ITEM 4 Approval of grant of Options to Executive Directors: For personal use only Proxies: In respect to this item of business, the following proxies have been received: 4(a) 4(b) • In favour 61,750,470 61,698,003 • Against 2,629,201 2,629,345 • Open and undirected 2,023,335 403,093 Also in respect
Slide 16: Other Business
For personal use only OTHER BUSINESS 16