Woolworths Group Ltd · ASX:WOW
Woolworths — Shareholder Meeting (November 2012)
53 slides from Woolworths's shareholder meeting presentation, Nov 22, 2012
Slide 1: November AGM
For personal use only 22 N b November AGM
Slide 2: James Strong, Chairman
For personal use only J James St Strong Chairman 1
Slide 3: Earnings Per Share excluding Consumer Electronics provision up 3.1%
Earnings Per Share — excluding Consumer Electronics provision up 3.1% 3 1% For personal use only Cents FY08 ↑24.0% FY09 ↑11.7% FY10 ↑8.8% FY11 ↑6.5% FY12 ↓14.9% ↑ 3.1% 2
Slide 4: Dividends per share
Dividends per share Increase in dividends per share of 3.3% 3 3% For personal use only Cents FY08 ↑24.3% FY09 ↑13.0% FY10 ↑10.6% FY11 ↑6.1% FY12 ↑3.3% 3
Slide 5: Grant O'Brien, Managing Director and CEO
For personal use only G t O'B Grant O'Brien i Managing Director and Chief Executive Officer 4
Slide 6: Earnings growth across all divisions
Earnings growth across all divisions 17.0 % For personal use only 6.5 % 52 5.2 % Australian Food and Liquor New Zealand Supermarkets 0.8 % BIG W Hotels 5
Slide 7: Growth plans – our four strategic priorities
Growth plans – our four strategic priorities For personal use only 6
Slide 8: Extending our leadership – Australia's Fresh Food people
Extending our leadership – Australia'ss Fresh Food people Australia For personal use only 7
Slide 9: Extending our leadership – Food and Liquor
Extending our leadership – Food and Liquor For personal use only 8
Slide 10: Growth options fast becoming real
Growth options fast becoming real For personal use only 9
Slide 11: FY12 new store growth
FY12 new store growth For personal use only 46 BWS 38 Australian l 15 Masters Stores Supermarkets 20 Dan Murphy's 7 BIG W's 7 Countdown 10
Slide 12: Australia's leading online retailer
Australia's leading online retailer For personal use only 22.65 65 M Apps in use across Woolworths businesses 11
Slide 13: SCA Property Group
For personal use only 12 SCA Property Group
Slide 14: Financials
Financials For personal use only 3.0 % 3.6 % 3.1 % 14.5 % Increase in earnings Increase in net Increase in earnings Decrease in net profit before interest and profit after tax from per share from after tax including tax from continuing continuing continuing discontinued operations to operations to o
Slide 15: Highlights — Financial Year 2012
Highlights — Financial Year 2012 For personal use only • Delivered profit within our guidance • Delivered lower prices across all our brands • A solid increase in NPAT from continuing operations of 3.6%, decline in NPAT of 14.5% after the consumer electronics provision • Sales from continuing operat
Slide 16: Corporate responsibility review
Corporate responsibility review For personal use only 15
Slide 17: Most Sustainable Retailer
Most Sustainable Retailer $ 66.5 M For personal use only Invested since 2007 Sustainability Strategy launch on lower carbon technologies 37 % Lower carbon emissions per sqm compared to 2008 – exceeded target off 25% 16
Slide 18: Supporting Australian farming and agriculture
Supporting Australian farming and agriculture For personal use only $9 M Invested since 2007 through the F h FFood Fresh d Future F t Program – supporting pp g innovation and next generation of farmers and industry leaders 17
Slide 19: Supporting our National economy
Supporting our National economy For personal use only $ 66 6.6 B $ 21 2.1 B $ 108 B Paid in wages Paid in taxes Contribution and d benefits b fit to t i di tl to indirectly t our 195,000 the economy employees along with 729,900 jobs 18
Slide 20: Under James Strong's leadership
Under James Strong's leadership For personal use only • Sales have more than doubled • $20.9 $20 9 billion in 2001 to $56.7 $56 7 billion in FY12 • Net profit after tax has quadrupled • $475.7 million in 2001 to $2.2 billion in FY12 • The share price has increased by 245 per cent • $8.41 in 2001 to
Slide 21: James Strong, Chairman
For personal use only J James St Strong Chairman 20
Slide 22: How to vote
How to vote For personal use only The smartcard should have been inserted into your handset when you registered for the AGM If the h smartcard d iis not inserted i d into i your handset please do so now Make M k sure the th arrows att the th bottom b tt off the smartcard are inserted and facing you
Slide 23: How to vote
How to vote For personal use only Insert the smartcard up to the red line. A welcome message will appear when the card is inserted correctly 22
Slide 24: How to vote
How to vote For personal use only When the poll opens, opens the handset will display the voting options being 1 to vote FOR the resolution 2 to vote AGAINST the resolution 3 to ABSTAIN or WITHHOLD your vote Press the appropriate button on the handset to register your intentions 23
Slide 25: How to vote
How to vote For personal use only Your voting instruction will appear on the handset “Received” Received will appear on your handset to indicate your vote has counted If you wish to change your mind, simply enter your new choice 24
Slide 26: How to vote
How to vote For personal use only If you wish to withdraw your vote press the Cancel button 25
Slide 27: How to vote
How to vote For personal use only If you accidentally dislodge the smartcard a warning will appear on your screen and you may need to push the smartcard back into the handset 26
Slide 28: How to vote
How to vote For personal use only When the poll opens, opens the handset will display the voting options being 1 to vote FOR the resolution 2 to vote AGAINST the resolution 3 to ABSTAIN or WITHHOLD your vote This will vote your open votes only, directed votes will go through automatically when you s
Slide 29: How to vote
How to vote For personal use only Please leave the handset and smartcard on your seat or hand them to a member of staff as you leave the room The handset has a built in alarm that h willill sound d if you inadvertently i d l leave the building without returning the handset and smartcard 28
Slide 30: How to vote
How to vote For personal use only If you have any questions or issues in using the handset please raise your hand and one of the attendants in the auditorium will be able to assist you Thank you for your attention 29
Slide 31: Shareholder Questions
For personal use only Shareholder Questions 30
Slide 32: 1. Financial Statements
For personal use only 1. Financial Statements 31
Slide 33: 2. Election of Directors
For personal use only 2. Election of Directors 32
Slide 34: John Astbury
For personal use only 33 John Astbury
Slide 35: Resolution – Election of Directors: John Astbury
Resolution 2 – Election of Directors John Astbury For personal use only For 534,894,829 95.75% Against 6,194,540 1.11% Open 17,545,292 3.14% 34
Slide 36: Thomas Pockett
For personal use only 35 Thomas Pockett
Slide 37: Resolution – Election of Directors: Thomas Pockett
Resolution 2 – Election of Directors Thomas Pockett For personal use only For 536,264,023 96.00% Against 4,788,378 0.86% Open 17,555,669 3.14% 36
Slide 38: Christine Cross
For personal use only 37 Christine Cross
Slide 39: Resolution – Election of Directors: Christine Cross
Resolution 2 – Election of Directors Christine Cross For personal use only For 538,268,959 96.37% Against 2,680,591 0.48% Open 17,596,123 3.15% 38
Slide 40: David Mackay
For personal use only 39 David Mackay
Slide 41: Resolution – Election of Directors: David Mackay
Resolution 2 – Election of Directors David Mackay For personal use only For 537,786,779 96.31% Against 2,993,439 0.54% Open 17,590,283 3.15% 40
Slide 42: Michael Ullmer
For personal use only 41 Michael Ullmer
Slide 43: Resolution – Election of Directors: Michael Ullmer
Resolution 2 – Election of Directors Michael Ullmer For personal use only For 535,909,309 95.97% Against 4,862,229 0.87% Open 17,633,612 3.16% 42
Slide 44: 3. Long Term Incentive Plan
For personal use only 3. Long Term Incentive Plan 43
Slide 45: Resolution 3a – Long Term Incentive Plan: Grant O'Brien
Resolution 3a – Long Term Incentive Plan: Grant O O'Brien Brien For personal use only For 521,475,357 93.52% Against 19,003,170 3.41% Open 17,110,549 3.07% 44
Slide 46: Resolution 3b – Long Term Incentive Plan: Thomas Pockett
Resolution 3b – Long Term Incentive Plan: Thomas Pockett For personal use only For 521,115,212 93.46% Against 19,322,207 3.47% Open 17,123,024 3.07% 45
Slide 47: 4. Renewal of Proportional Takeover Approval
For personal use only 4 Renewal of Proportional 4. Takeover Approval 46
Slide 48: Resolution – Renewal of Proportional Takeover
Resolution 4 – Renewal of Proportional Takeover For personal use only For 528,966,595 94.87% Against 10,796,328 1.94% Open 17,800,745 3.19% 47
Slide 49: 5. Remuneration Report
For personal use only 5. Remuneration Report 48
Slide 50: Resolution – Remuneration Report
Resolution 5 – Remuneration Report For personal use only For 516,993,798 92.99% Against 21,677,250 3.90% Open 17,320,365 3.12% 49
Slide 51: 6. Capital Reduction
For personal use only 6. Capital Reduction 50
Slide 52: Resolution – Capital Reduction
Resolution 6 – Capital Reduction For personal use only For 534,970,016 95.85% Against 5,533,171 0.99% Open 17,648,404 3.16% 51
Slide 53: November AGM
For personal use only 22 N b November AGM