Super Retail Group Limited · ASX:SUL
Super Retail — Shareholder Meeting (October 2024)
34 slides from Super Retail's shareholder meeting presentation, Oct 24, 2024
Slide 1: 2024 AGM Addresses and Presentation
ASX ANNOUNCEMENT 24 October 2024 2024 AGM Addresses and Presentation In accordance with ASX Listing Rule 3.13.3, Super Retail Group Limited (ASX:SUL) attaches the addresses and presentation to be delivered by Sally Pitkin AO, Chair and Anthony Heraghty, Group Managing Director and Chief Executive Of
Slide 2: Chair’s Address
Super Retail Group Limited 2 2024 Annual General Meeting Thursday, 24 October 2024 Chair’s Address I am pleased as your Chair to report a strong performance by Super Retail Group during the 2024 financial year. Both the financial, operational and shareholder outcomes over the past 12 months reinforc
Slide 3: Chair’s Address: investment, dividends and governance
Super Retail Group Limited 3 We continued to invest in both our store network and our capability in personalisation and loyalty. Investments in store openings and refurbishments, loyalty programs, and data analytics position the business to capitalise on strong and enduring relationships with our cu
Slide 4: Board succession and governance
Super Retail Group Limited 4 substantiated and, as we have told the market previously, we are vigorously defending the allegations. More broadly, we will continue to review governance arrangements against best practice to ensure the Board can provide appropriate oversight of and support for manageme
Slide 5: Year ahead focus
Super Retail Group Limited 5 In the year ahead we will be focused on new store openings and further investment in expanding our omni-retailing capabilities, enhancing data management and information systems, and refining loyalty programs and customer personalisation. With the strength of our brands
Slide 6: Group MD and CEO's Address: Financial Highlights
Super Retail Group Limited 6 2024 Annual General Meeting Thursday, 24 October 2024 Group MD and CEO's Address Introduc on Thank you, Sally and good morning everyone. It is my pleasure to provide you with an overview of the 2024 financial year and an update on our year-to-date trading performance. Aga
Slide 7: Customer Highlights
Super Retail Group Limited 7 was recognised during the year by the Workplace Gender Equality Agency (WGEA) for being one of only 16 ASX200 companies to have a neutral gender pay gap and maintained its WGEA Employer of Choice Cita on for Gender Equality. Regre ably our safety performance slipped sign
Slide 8: Sustainability Strategy
Super Retail Group Limited 8 With Group online sales fast approaching half a billon dollars, this approach appears well and truly vindicated. Nevertheless, it is s ll worth poin ng out that 93 per cent of all transac ons are completed in-store, highligh ng the ongoing value of our store network. Sus
Slide 9: Supercheap Auto and rebel performance
Super Retail Group Limited 9 Benjamin Ward and his team have done a great job, delivering a record full year sales and EBIT result, a record customer NPS score and a record number of fitments for the in-store service program. Supercheap Auto has con nued to excel in customer acquisi on, having added
Slide 10: BCF and Macpac performance
Super Retail Group Limited 10 Our Townsville superstore delivered more than $20 million in sales in the first year of opening and further success at Kawana and Mackay has strengthened our convic on that we can roll out this format more widely. A summary of the financial performance of BCF is set out o
Slide 11: Trading update
Super Retail Group Limited 11 • BCF has seen con nued growth in fishing, caravan and 4WD benefi ng from range expansion ini a ves, showcased in the most recent superstore opened in Cannington • Macpac has delivered growth in insula on, rainwear and packs while challenging trading condi ons in New Zeal
Slide 12: Concluding remarks
Super Retail Group Limited 12 As always, the Group’s first half result will be highly dependent on trading in the Christmas peak trading period. We are ready for ac on with the cyber sales commencing in the coming weeks. Concluding remarks I would like to pay tribute to Dr Sally Pitkin, who will re r
Slide 13: Super Retail Group CEO AGM Presentation
2024 Super Retail Group CEO AGM Presentation Authorised for release by the Board of Super Retail Group Limited 24 October 2024 Anthony Heraghty Group Managing Director & Chief Executive Officer
Slide 14: Group highlights
Group highlights S UPER RETAIL GROUP 2
Slide 15: FY24 financial highlights
FY24 financial highlights GROUP SALES SALES GROWTH SEGMENT EBIT SEGMENT PBT $3.9b 2% $400m $343m DIVIDENDS PER NORMALISED NET STATUTORY NET SHARE, FULLY PROFIT AFTER TAX PROFIT AFTER TAX NORMALISED EPS FRANKED $242m $240m 107¢ 119¢ S UPER RETAIL GROUP 3
Slide 16: Customer highlights
Customer highlights Club members represented 77 per cent of Group sales ACTIVE CLUB CLUB MEMBER CLUB MEMBER MEMBERS 1 NPS % OF SALES 11.5m (UP 1.2M) 69 (UP 2) 77% (UP 4%) CLUB MEMBER CLUB MEMBER CLUB MEMBER CLUB MEMBER NPS (UP 1) NPS (UP 1) NPS (UP 2) NPS (UP 3) 68 66 73 70 CLUB MEMBER CLUB MEMBER C
Slide 17: Store network highlights
Store network highlights Targeting 25 new store openings in FY25 NEW TARGETED NEW STORES STORE CURRENT OPENED IN OPENINGS IN STORES FY24 FY25 759 28 25 FY24 NE W FY24 NE W FY24 NE W FY24 NE W STORES STORES STORES STORES 11 1 7 9 TARGETED TARGETED TARGETED TARGETED FY25 NE W FY25 NE W FY25 NE W FY25
Slide 18: Digital and omni-retail highlights
Digital and omni-retail highlights CLICK & Online sales have grown by 9 per cent to $485 million ONLINE SALES COLLECT GROUP % OF TOTAL % OF ONLINE ONLINE SALES SALES SALES FY24 BRAND SALES BY CHANNEL $485m 13% 45% HOME % OF SALES 4 YEAR CAGR DELIVERY COMPLETED IN ONLINE TOTAL % OF ONLINE IN STORE SA
Slide 19: Sustainability strategy: planet
Sustainability strategy: planet1 62% 1,254,042L 140,835 Diversion rate for Recycled litres of oil Recycled car batteries waste material in through Supercheap through Supercheap stores, offices and Auto Auto distribution centres2 115,242 10% $350,000 Recycled pairs of Percentage increase Contributed
Slide 20: Our strategy
Our strategy 1 GROW THE FOUR CORE BRANDS Growing annual 2 LEVERAGE CLOSENESS TO OUR CUSTOMER customer value PRIMARY VALUE Ensuring organic growth and 3 CONNECTED OMNI-RETAIL SUPPLY CHAIN LEVERS capital discipline 4 Being an SIMPLIFY THE efficient BUSINESS omni-retailer 5 EXCEL IN OMNI-RETAIL EXECUTI
Slide 21: Segment results
Segment results $m FY24 FY23 Segment Sales PBT Sales PBT Supercheap Auto 1,497.9 202.9 1,447.9 204.0 rebel 1,291.6 102.4 1,309.1 146.0 BCF 879.1 54.3 839.9 51.0 Macpac 222.4 18.8 216.4 28.7 Group and (8.4) (35.8) (10.7) (39.1) Unallocated Total 3,882.6 342.6 3,802.6 390.6 S UPER RETAIL GROUP 9
Slide 22: Supercheap Auto highlights
Supercheap Auto highlights Supercheap Auto is Australia and New Zealand’s favourite specialty automotive parts and accessories retail business 1 • Record full year sales and record EBIT • Record club member net promoter score • In-store service program undertook a record number of fitments (over 830
Slide 23: Supercheap Auto: total sales increased by 3 per cent to $1.50 billion
• Total sales increased by 3 per cent to $1.50 billion driven by new store openings $m FY24 FY23 Change and like-for-like sales growth • Like-for-like sales growth of 2 per cent reflected growth in transaction volumes and higher average transaction value (ATV) Sales 1,497.9 1,447.9 3.5% • Auto maint
Slide 24: rebel highlights
rebel highlights rebel is Australia’s leading sporting goods and apparel retailer. Our goal is to inspire all Australians to live their sporting dreams and passion • Relaunched rebel active loyalty program - 3.9 million members contributing 77% of sales and spending more per customer than ever befor
Slide 25: rebel financial results
• rebel’s financial results for the period reflect the one-off impact of revenue deferral relating to its new points-based club member loyalty program of $7 million 1 $m FY24 FY23 Change • Total sales fell by 1 per cent to $1.29 billion • Like-for-like sales decreased by 2 per cent reflecting lower
Slide 26: BCF highlights
BCF highlights BCF is Australia’s favourite 1 outdoor retailer, with stores in every Australian state and territory • Record full year sales • Club member sales increased to 90 per cent of sales • Biggest ever year of fishing sales • Strong growth in other key strategic categories – 4x4, Caravan & T
Slide 27: BCF: total sales increased by 5 per cent to $879 million
• Total sales increased by 5 per cent to $879 million driven by new store openings $m FY24 FY23 Change • Like-for-like sales fell by 1 per cent as higher transaction volumes were offset by a modest decline in ATV Sales 879.1 839.9 4.7% • Fishing and touring delivered strong category growth • Segment
Slide 28: Macpac highlights
Macpac highlights Macpac products are made by adventurers for adventurers. We design products that are functional, technical and robust to help equip outdoor enthusiasts to adventure better • Record full year sales • Successfully leveraged Group store network - 11% of Macpac sales in Australia were
Slide 29: Macpac: total sales increased by 3 per cent to $222 million
• Total sales increased by 3 per cent to $222 million driven mainly by new store $m FY24 FY23 Change openings • Like-for-like sales were slightly above the pcp as a result of higher transaction volumes Sales 222.4 216.4 2.8% • Like-for like sales increased by 8 per cent in New Zealand but declined b
Slide 30: Trading update
Trading update S UPER RETAIL GROUP 18
Slide 31: FY25 trading update
FY25 trading update Like-for-Like Sales Growth Total Sales Growth FY25 v FY24 FY25 v FY24 (Weeks 1 to 16) (Weeks 1 to 16) Supercheap Auto 2% 4% rebel 1% 2% BCF 3% 6% Macpac 4% 10% Group Total 2% 4% • The Group has delivered 2% like-for-like sales growth and 4% total sales growth in the first 16 week
Slide 32: FY25 trading update (cont)
FY25 trading update (cont) • Team member safety remains a critical focus in an environment that includes increased incidents and severity of retail crime and theft • The rebel active loyalty program has performed well since being launched in October 2023, with all key metrics ahead of business case.
Slide 33: FY25 trading update (cont)
FY25 trading update (cont) • As previously flagged for FY25 the Group: • Expects duplicated operating expenses associated with the transition from existing distribution centre facilities to the Group’s new Victorian distribution centre will result in a one-off increase to Group and unallocated costs
Slide 34: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Super Retail Group Limited ABN 81 108 676 204 ("SRG"). It provides summary information about the activities of SRG and its subsidiaries current as at the date of this presentation. The information in this presentation is of a gen
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