Metcash Limited · ASX:MTS
Metcash — Shareholder Meeting (September 2026)
25 slides from Metcash's shareholder meeting presentation, Sep 9, 2026
Slide 1: Metcash 2026 AGM - Chair's Address, CEO Presentation and Trading Update
Metcash Limited ABN 32 112 073 480 1 Thomas Holt Drive Macquarie Park NSW 2113 Australia 9 September 2026 Market Announcements Office Australian Securities Exchange Limited Level 27, 39 Martin Place Sydney NSW 2000 Dear Sir/Madam METCASH LIMITED 2026 ANNUAL GENERAL MEETING - CHAIR’S ADDRESS, CEO PRE
Slide 2: 2026 Chairman's Address
2026 CHAIRMAN’S ADDRESS I will now provide you with an overview of how the Company performed in FY26, as well as comment on other important matters including our strategic direction, Board changes, remuneration and our approach to ESG. I will then invite Doug Jones to talk in more detail about the C
Slide 3: The balance sheet remains strong, with leverage of 1.0 times
The balance sheet remains strong, with leverage of 1.0 times at the low end of the target range. This provides flexibility to support ongoing investment and shareholder returns. Food delivered another strong performance, supported by improved competitiveness in Supermarkets and ongoing growth in Food
Slide 4: Continued investment in digital and data capabilities
Across the Group, we continued to invest in digital and data capabilities. This included scaling the Sorted B2B marketplace and the near completion of the Horizon ERP program. We are also building a modern, AI-ready operating environment in partnership with Microsoft, and investing to make the busin
Slide 5: Remuneration outcomes in a challenging operating environment
Outcomes this year reflected performance in a challenging operating environment. Group earnings improved modestly, supported by a strong Food result, continued growth in Liquor and improved momentum in Hardware and Tools in the second half. Against this backdrop, STI outcomes ranged from 7.1% to 25.4
Slide 6: Managing our environmental impact
In managing our environmental impact, the Group achieved key milestones, including sourcing 100% renewable electricity for Australian operations and delivering a meaningful reduction in emissions. Pleasingly, we achieved our interim 2030 target ahead of schedule, alongside continued investment in on
Slide 7: 2026 Annual General Meeting Update
METCASH LIMITED 2026 Annual General Meeting Update WINNING WITH INDEPENDENTS Group Financials Food Liquor Hardware & Tools Appendix
Slide 8: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY We acknowledge the Traditional Custodians of the land on which we are all connecting today. We are connecting from the land of the Gadigal People of the Eora Nation, and pay our respect to elders across Country, past, present and emerging. Pg 2 Metcash AGM 2026
Slide 9: Board of Directors
BOARD OF DIRECTORS Peter Birtles Doug Jones Marina Go Margie Haseltine Non-executive Chairman Group Chief Executive Officer Chair of the People, Culture Chair of Safety and and Nomination Committee Sustainability Committee Mark Johnson Nicky Sparshott David Whittle Johanna O’Shea Chair of the Audit,
Slide 10: Metcash Management
METCASH MANAGEMENT Doug Jones Deepa Sita Grant Ramage Kylie Wallbridge Group Chief Executive Officer Group Chief Financial Officer CEO, Food CEO, Australian Liquor Marketers Scott Marshall Julie Hutton Danielle Jenkinson Kobie Taylor Neil Whiteing CEO, Total Tools and Chief Legal Risk & Group Growth
Slide 11: Meeting Agenda
MEETING AGENDA 1. Receive and consider the financial report of the Company and review the reports of the directors and auditor for the year ended 30 April 2026 • Chairman’s Address • CEO review of performance 2. Resolution to elect Nicky Sparshott as a Director 3. Resolution to adopt the Remuneratio
Slide 12: Chairman's Address
CHAIRMAN’S ADDRESS PETER BIRTLES Metcash Chairman Pg 6 Metcash AGM 2026
Slide 13: FY26 Review of Performance
FY26 REVIEW OF PERFORMANCE DOUG JONES Group Chief Executive Officer Pg 7 Metcash AGM 2026
Slide 14: Winning with Independents
OUR PURPOSE OUR ASPIRATION WINNING WITH TO BE THE NUMBER ONE PARTNER POWERING AN INDEPENDENTS UNSTOPPABLE NETWORK OF INDEPENDENTS OUR VALUES RESULTS BETTER GIVE BACK LOCAL CHAMPION MATTER TOGETHER A DAMN BRILLIANCE CUSTOMERS
Slide 15: Our Sustainable Competitive Advantage
OUR SUSTAINABLE COMPETITIVE ADVANTAGE Three mutually reinforcing elements plus incremental growth opportunities Unmatched Differentiated, Competitive Scale Trusted Capabilities Networks ~105,000 Customers Procurement & Supplier Management FOOD Digital Supply IGA Friendly Grocer Solutions Chain Contr
Slide 16: Clear Progress Against Strategy
CLEAR PROGRESS AGAINST STRATEGY Lifting resilience, improving competitiveness, extending growth options and strengthening the platform Pursuing successful growth strategies Key achievements Improved pricing position across all pillars – core IGA network more competitive than ever Delivering unique
Slide 17: FY26 Results Group Overview
FY26 RESULTS GROUP OVERVIEW DOUG JONES Group Chief Executive Officer Pg 11 Metcash AGM 2026
Slide 18: Group Financial Overview
GROUP FINANCIAL OVERVIEW Strong profit and cash performance and balance sheet flexibility Group Revenue1 Group EBITDA Group EBIT Reported PAT $19.6BN $761.7M $503.7M $279.1M 0.7% 1.9% 0.8% 1.5% (+3.8% ex-tobacco) (+3.5% ex one-off (+1.6% ex one-off (Underlying $268.8m) strategy and integrati
Slide 19: Results Overview by Pillar
RESULTS OVERVIEW BY PILLAR FY26 ($M) FY25 ($M) % Sales Revenue 19% (including charge-through1) 18% Food 10,543.0 10,608.52 (0.6) Liquor 5,374.6 5,321.7 1.0 54% 55% 27% 27% Hardware & Tools 3,710.8 3,559.1 4.3 Total sales revenue 19,628.4 19,489.3 0.7 (including charge-through sales1) FY26 FY25 Less:
Slide 20: Revenue Streams Growth
REVENUE STREAMS GROWTH Continuing to build on dependable, high-quality wholesale base EBIT ($m) by revenue stream 91% FY19 EBIT ($m) by pillar and revenue stream 600 76% FY26 600 Wholesale % of 35% group earnings 500 Wholesale 500 growth FY19–FY26 400 400 300 300 200 200 100 100 0 0 1 FY19 FY20 FY21
Slide 21: ESG Progress
ESG PROGRESS Group People Planet Impact Dow Jones Best-in-class Indicies Gender Achieved Interim 2030 Donations through IGA community Emissions Target for FY26 chest program 89th percentile FY25: 90th percentile FY24: 89th percentile 50% Female representation NEDs; 56% Group Leadership Team 22.7% ~$
Slide 22: Technology - Horizon
TECHNOLOGY - HORIZON Steady progress through test phases, first deployment planned 2H CY26 Program Summary Progress Upcoming planned milestones Replacement of legacy Food and Liquor ERP to Successfully implemented: Release 1 (National Support Office & WA Food, suite of Microsoft and ‘best of bre
Slide 23: Trading Update
TRADING UPDATE FY27 Revenue – first 18 weeks Commentary Group Group Total sales ex tobacco +2.8% (+3.5% incl. tobacco) Continued sales growth across all pillars Food ex tobacco 1H earnings expected to be impacted by adverse sales mix in Superior, removal of accelerated tobacco excise increase
Slide 24: Trading Update
TRADING UPDATE FY27 Revenue – first 18 weeks Commentary Group Liquor Total sales ex tobacco +2.8% (+3.5% incl. tobacco) Further market share gains by ALM-supplied independents Food ex tobacco Retail sales being impacted by subdued consumer demand and elevated competitive intensity Total sale
Slide 25: Winning with Independents
Update WINNING WITH INDEPENDENTS Group Financials Food Liquor Hardware & Tools Appendix