Metcash Limited · ASX:MTS
Metcash — Shareholder Meeting (September 2011)
18 slides from Metcash's shareholder meeting presentation, Sep 1, 2011
Slide 1: Chairman's Address
Metcash Limited ABN 32 112 073 480 50 Waterloo Road Macquarie Park NSW 2113 Australia For personal use only PO Box 6226 1 September 2011 Silverwater Business Centre NSW 1811 Australia Ph: 61 2 9751 8200 Fax: 61 2 9741 3027 Chairman’s Address Ladies and Gentlemen, The 2011 financial year was a good o
Slide 2: Annual General Meeting 2011
For personal use only A Annual lGGenerall Meeting M ti 1 September 2011 Andrew Reitzer Chief Executive Officer
Slide 3: Agenda
Agenda For personal use only Welcome Shareholder Returns Financial Highlights Business Highlights NSW Mega DC Outlook Franklins Trading Update and Guidance Questions Voting 1
Slide 4: Welcome
For personal use only Welcome 2
Slide 5: Shareholder Returns
Shareholder Returns For personal use only Earnings per share (cents) Underlying earnings per share +4.4% to 33.4 cents Reported earnings per share +6.1% 6.1% to 31.5 cents Dividends per share (cents) 81% Dividends +3.8% 3.8% 81% 81% Payout ratio High dividend payout ratio - 81% of underlying
Slide 6: Financial Highlights
Financial Highlights For personal use only Total Sales Revenue ($m) Total sales revenue +7.4% despite tough market environment IGA IGA>D D sales up +6.0% 6.0% Cost of doing business / Gross Profit (%) 80.00% 70.00% 66.86% 65.91% 63.51% 62.88% 62.72% 60.00% CODB (as a % of gross profit) down 16
Slide 7: Financial Highlights
Financial Highlights For personal use only Earnings before Interest & Taxation ($m) Strong EBIT growth of 11.6% - reflecting CODB reduction, sales growth (including full year Mitre 10 impact) and strong Mitre 10 EBIT performance in 2H Profit after Tax ($m) 12th successive record profit Profit
Slide 8: IGA>D Highlights
IGA>D For personal use only Highlights Continued good growth in tough market - wholesale sales up 6.0%, comparative store sales up 4.5% and EBITA up 4.4% ‘How the Locals Like It’ - focus on customers’ view point Ongoing ‘ Locked Down Low Prices’ – relevant promotions, competitive and affordabl
Slide 9: IGA>D - Fresh Strategy
IGA>D - Fresh Strategy For personal use only Highlights Solid growth in fresh volumes Produce and meat leading business growth ‘Fresh’ offer - aligned g with ‘How the locals like it’ Quick recovery from Qld floods and cyclone Investing in warehouse modernisation Cairns C i (QLD) ffresh h
Slide 10: Australian Liquor Marketers
Australian Liquor Marketers For personal use only Highlights Total sales up 2.7% on a ‘like for like’ basis and EBITA up 20.1% on a ‘like for like’ basis, despite packaged liquor market contraction ~4% Independent Brands Australia (IBA) retail outlets saw g good g growth: IGA Plus Liquor +9%
Slide 11: Campbells Wholesale
Campbells Wholesale For personal use only Highlights Sales up to $1.7b in a tough market, representing 4.7% ‘like for like’ sales growth EBITA up 10.3% to $31.8m Petrol and convenience sector up 10% 7-Eleven business growing Retail convenience banner, Lucky 7, outlets up to 360 from 300
Slide 12: Mitre10
Mitre10 For personal use only Highlights Sales $767.6m and EBITA $20.7m Turnaround strategy ‘Change the Game’ yielding returns – platform for future growth St bili Stabilise Ch Change the th Game G G Grow Store network stable at 420, 15 new stores joined in 2H Rebuilding Mitre 10 brand and e
Slide 13: 92,000 sqm NSW Mega DC
92,000 sqm NSW Mega DC For personal use only NSW Mega DC - Huntingwood Investing in our future Consolidates NSW multi-site operations 3 phase project Sustainable design - 1st temperature controlled warehouse in Australia to achieve a 4 Star rating NSW Mega g DC - Huntingwood g (Artist’s ( im
Slide 14: Franklins
Franklins For personal use only Metcash is now free to acquire Franklins Federal Court dismissed ACCC application to prevent the acquisition Hope to be in position to complete acquisition by 30 September 2011 Sale price approx A$215m Generate additional wholesale sales of A$500m Generate
Slide 15: Trading Update and Guidance
Trading Update and Guidance For personal use only Trading Update Difficult trading conditions impacting on the Group’s FY11 results continue: Highly cautious, value conscious consumer High promotional ‘offtake’ Market share (MAT) maintained Continued deflation (YTD 1%) albeit down from 1.8
Slide 16: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Metcash Limited (ABN 32 112 073 480) (Metcash) and its activities current as at the date of this presentation. The information in this presentation is of general background and does not purport to be complete. It s
Slide 17: 'Champion of the Independent'
For personal use only 'Champion of the Independent' 15
Slide 18: For additional information contact
For personal use only For additional information contact: Adrian Gratwicke, Chief Financial Officer Phone: 61 2 9741 3248 Fax: 61 2 9741 3027 E-mail: adrian.gratwicke@metcash.com Or visit our website: www.metcash.com 16