Frasers Group Plc · LSE:FRAS
Frasers — Sports Direct International — Investor Presentation (September 2016)
17 slides from Frasers's investor presentation, Sep 7, 2016
Slide 1: Time for Change
TIME FOR CHANGE Sports Direct International plc Open Day Presentation 7 September 2016
Slide 2: Board Agenda
Board Agenda Keith Hellawell AGM All 11am Chairman Site Tour (1 hour) MA, DF 12:30pm Mike Ashley (MA) Lunch 1:30pm Founder and Executive Deputy Chairman Open Day Presentations and Q&A All 2pm Our people MA 2pm Dave Forsey (DF) Chief Executive The 360-degree Review MA 2:45pm Outlook DF 3:30pm Matt Pe
Slide 3: Our People
OUR PEOPLE MIKE ASHLEY Executive Deputy Chairman
Slide 4: Our people – important elements of the review of working practices
Our people – important elements of the review of working practices • Serious shortcomings identified in working practices in Key points for discussion today warehouse which the Board deeply regrets and apologises for • Request that warehouse ‘six strikes’ policy be suspended by the Agencies with imm
Slide 5: Strikes Policy
Requested that warehouse ‘six strikes’ The Strikes Policy was a blunt policy be suspended by the Agencies instrument that left too much with immediate effect subjectivity in the hands of too few STRIKES POLICY Consult staff to create a fit for purpose To be replaced with Sports Direct’s system that
Slide 6: Zero Hours
Not withstanding that zero hours We will now offer directly engaged contracts may be popular with many casual retail workers the option to elect workers due to the flexibility, for between a term of engagement or others they are not attractive permanent contract with a guaranteed number of minimum h
Slide 7: Worker Representative on Board
Sports Direct is about the people We want to bring our people directly to – our people the heart of how the Company is governed WORKER REPRESENTATIVE ON BOARD Theresa May: “If I’m prime minister, Expect this to be considered and we’re going to change that system and planned for by the 360-degree Rev
Slide 8: The 360-Degree Review
THE 360-DEGREE REVIEW MIKE ASHLEY Executive Deputy Chairman
Slide 9: 360-degree Review
360-degree Review • Fundamental strategic intention to take Sports Direct in the direction of the “Selfridges” of Sports Retail (and beyond) in medium to long term (2 – 4 year time horizon) • 360-degree review led by RPC over the next 12-months • Covering a 360-degree view of our business, including
Slide 10: 360-degree Review – our underlying principles
360-degree Review – our underlying principles Very prudent Very open Very compliant 10
Slide 11: Very Prudent
Accounting policies Expectation VERY Financial management management PRUDENT Capital management 11
Slide 12: Very Open
Corporate reporting & communications VERY OPEN Strategically nimble Entrepreneurial & ambitious culture 12
Slide 13: Very Compliant
Corporate governance VERY COMPLIANT Corporate reporting Working practices 13
Slide 14: Outlook
OUTLOOK DAVE FORSEY Chief Executive
Slide 15: Property investment outlook
Property investment outlook • As a result of the success from the initial New • We invest in a range of properties including: Generation store openings, our key focus is to elevate our portfolio through acquisitions and relocations, for • Vacant Buildings the benefit of: • Development land / Redevel
Slide 16: Group outlook
Group outlook • Underlying EBITDA in FY17 expected to be in the region of £300m, subject to: • Group sales growth of at least 9% • Group Gross margin decline of no more than 275 bps • Increase in operating costs of no more than 8% • No unforeseen significant items • No material acquisitions • Accele
Slide 17: Thank you for attending
SPORTS _COM THANK YOU FOR ATTENDING
Sports Direct International — Investor Presentation (September 2016) on 6ix