Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2005)
17 slides from Jb Hi-fi's shareholder meeting presentation, Oct 25, 2005
Slide 1: JB Hi-Fi Limited Annual General Meeting
a JB HI-FI LIMITED Annual General Meeting 25th October 2005
Slide 2: Agenda
AGENDA + Presentations by Chairman and Chief Executive Officer * Item 1: Tabling & Consideration of 2005 Financial Reports + — Item 2: Adoption of remuneration report « — ltem 3: Re-election of directors + — Item 4: Ratification of grant of options to Executive Directors in 2004 « — Item 5: Approval
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Mr Patrick Elliott 694m 452m 356m 249m 155m 20.7m 20.15 13.8m 13.48 2.55 2001 2002 2003 2004 2005 Sales +53% 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 NPAT +50% EPS* +49% * Basic EPS: Assumes 102.12m shares FY01 through FY04
Slide 4: Strong Shareholder Return
Strong Shareholder Return e Dividends where held constant with the previous year at 7.2 cents per share as operating cash surplus was reinvested in the store opening program. « Shareholders, who invested in the IPO in October, 2003 would have achieved a return of 33.8% compared to 14.5% for the ASX
Slide 5: Sustainable Competitive Advantage
Sustainable Competitive Advantage The company’s strategy: e Every day focus on lowest cost of doing business in the industry e Enabling JB to deliver a broad range of every day low priced products to our customers. e For the year ended 30 June, 2005 our operating costs to sales was 17.0% an improvem
Slide 6: Roll Out Continues
Roll Out Continues e Continued expansion in Melbourne. Successful interstate expansion, including locations outside the major cities drawing from smaller populations Continued success in a variety of operation formats including shopping centres, home maker or big box centres and stand alone destinat
Slide 7: Diversified Product Offering
Diversified Product Offering e A large number of product categories are driven by the adoption and increasing penetration of new technology such as plasma and LCD TVs, MP3 players and DVD recorders. The company continues to shift its product mix to be an early leader in new technologies promising hi
Slide 8: Funding of Growth Plans
Funding of Growth Plans The company has been able to fund its growth over recent years through the combination of strong levels of cash flow generated from established stores and a prudent level of borrowings. Fixed charges cover of 3.05 times Interest earned multiple of 6.49. In determining what is
Slide 9: Fixed Charge Cover Comparison - June 2005
Fixed Charge Cover Comparison - June 2005 3.6 3.0 25 2.0 15 1.0 05 - T T T T T T T & $ Rs S Cs é Sf ? x Ss & e & s & & Ss aa oe o RS x0" 2 o & Ss $ a o x & of s ss Qs y o we * > 2 Note: Fixed Charge Cover = EBITDAR/Interest + Rent Expense * Calculated from Appendix 4E
Slide 10: People & Culture
People & Culture e 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 categories they work in, enjoy the interaction w
Slide 11: Chief Executive Officer's Address
CHIEF EXECUTIVE OFFICER’S ADDRESS Mr Richard Uechtritz Store Growth Total Stores (Oct 05): 55 (JB 49, CA 6) 15 SE Qid (JB 7, CA 6) L Pi et 3 Adelaide 41 Newcastle 2 Central Coas 3 Canberra Pa @ 16 Sydney ard ' T T T T T T 1 17 Melbourne Acquired 2001(A} 2002(A) 2003(A) 2004(A) 2005(A) 2006(F) July 2
Slide 12: Tabling & Consideration of 2005 Financial Reports
ITEM 1 Tabling & Consideration of 2005 Financial Reports To receive and consider the financial report of the Company for the financial year ended 30 June 2005 together with the directors’ report and auditors’ reports for the financial year ended 30 June 2005.
Slide 13: Adoption of remuneration report
ITEM 2 Adoption of remuneration report To adopt the Remuneration Report for year ending 30 June 2005.
Slide 14: Re-election of directors
ITEM 3 Re-election of directors In accordance with the Company’s Constitution: (a) (b) Mr Patrick Elliott retires by rotation and offers himself for re-election; Mr Will Fraser retires by rotation and offers himself for re-election.
Slide 15: Ratification of grant of options to Executive Directors in 2004
ITEM 4 Ratification of grant of options to Executive Directors in 2004 (a) Ratification 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 for al
Slide 16: Approval of grant of Options to Executive Directors in 2005
ITEM 5 Approval of grant of Options to Executive Directors in 2005 (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 for all other
Slide 17: Other Business
OTHER BUSINESS