Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2022)
27 slides from Jb Hi-fi's shareholder meeting presentation, Oct 27, 2022
Slide 1: JB Hi-Fi Limited 2022 AGM
JB Hi-Fi Limited 2022 AGM JB HI-FI LIMITED
Slide 2: Agenda
Agenda 1. Procedural Issues 2. Summary of Items of Business and Voting Opens 3. Chairman’s Address 4. Group CEO’s Address 5. Further information on each Item of Business (including hearing from the Directors standing for re-election and the disclosure of Proxy Votes already received on each Item) 6.
Slide 3: Procedural Issues: How to ask a question
1. Procedural Issues How to ask a question ▪ To ask a written question select the “Q & A” icon ▪ Type your question in the text box and press the send button ▪ To ask a verbal question follow the instructions on the virtual meeting platform JB HI-FI LIMITED PAGE 3
Slide 4: Procedural Issues: How to vote
1. Procedural Issues How to vote ▪ When the poll is open, select the “Vote” icon and the voting options Items of Business will appear on your screen 2A Re-elect Mr Sam Sample as a Director ▪ To vote, select your voting direction. FOR AGAINST ABSTAIN A tick will appear to confirm receipt of your vote
Slide 5: Summary of Items of Business
2. Summary of Items of Business 1. Consideration of Financial and other Reports 2. Re-election of Directors 3. Adoption of Remuneration Report 4. Approval of allocation of restricted shares to the Executive Directors JB HI-FI LIMITED PAGE 5
Slide 6: Chairman's Address
3. Chairman’s Address STEPHEN GODDARD JB HI-FI LIMITED PAGE 6
Slide 7: Motivated, passionate and knowledgeable staff
3. Chairman’s Address Motivated, passionate and knowledgeable staff JB HI-FI LIMITED PAGE 7
Slide 8: Group Model
3. Chairman’s Address Group Model Two iconic retail brands Purpose Help people with better ways to live, Help families live better for less learn, work, and play Leading retailer of technology and Leading retailer of home appliances Product offering consumer electronics and consumer electronics Stro
Slide 9: Generating sustainable long-term growth
3. Chairman’s Address Generating sustainable long-term growth The Group’s FY22 Sustainability Report outlines our commitment to having a positive impact on our people, our community and our environment The FY22 Sustainability Report can be found on the Group’s investor website (https://investors.jbh
Slide 10: A focus on long-term shareholder value
3. Chairman’s Address A focus on long-term shareholder value JBH share price CAGR of 18.5% since listing, compared to 3.9% on the ASX 200 over the same period $60.00 $50.00 $40.00 Share Price $30.00 $20.00 $10.00 $0.00 JB Hi-Fi Share Price ASX 200 (rebased against JBH share price) JB HI-FI LIMITED P
Slide 11: Group CEO's Address
4. Group CEO’s Address TERRY SMART JB HI-FI LIMITED PAGE 11
Slide 12: FY22 Group Results
4. Group CEO’s Address FY22 Group Results Total sales up 3.5% to $9.2b NPAT up 7.7% to $545m EPS up 8.8% to 479.5 cps 8.9 9.2 506 545 7.9 441 479 6.9 7.1 250 302 263 233 203 217 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Sales ($bn) NPAT ($m) Earnings per Share (cents
Slide 13: FY22 Divisional Performance
4. Group CEO’s Address FY22 Divisional Performance FY22 FY21 Growth $m % Sales ($m) - JB HI-FI Australia 6,196.5 5,956.8 239.7 4.0% ▲ - JB HI-FI New Zealand (NZD) 262.4 261.6 0.8 0.3% ▲ - The Good Guys 2,789.4 2,715.7 73.7 2.7% ▲ Total Sales (AUDm) 9,232.0 8,916.1 315.9 3.5% ▲ EBIT ($m) - JB HI-FI A
Slide 14: FY23 sales update
4. Group CEO’s Address FY23 sales update ▪ For the period 1 July 2022 to 30 September 2022 (Q1 FY23) ▪ Total sales growth for JB HI-FI Australia was 14.6% (Q1 FY22: -7.5%) with comparable sales growth of 14.2% (Q1 FY22: -7.9%) ▪ Total sales growth for JB HI-FI New Zealand was 27.7% (Q1 FY22: -6.4%)
Slide 15: Item 1: Financial Report, Directors' Report and Auditor's Report
5. Items of Business Item 1 To receive and consider the Financial Report, the Directors’ Report and Auditor’s Report for the financial year ended 30 June 2022 JB HI-FI LIMITED PAGE 15
Slide 16: 2(a) Re-election of Mark Powell
5. Items of Business Item 2(a) Re-election of Mark Powell That Mr Mark Powell, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers himself for re-election, is re-elected as a Director of the Company. JB HI-FI LIMITED PAGE 16
Slide 17: 2(a) Re-election of Mark Powell: proxies received
5. Items of Business Item 2(a) Re-election of Mark Powell In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 70,495,882 91.70 Open / Undirected (Chairman) 121,244 0.16 The Chairman intends to vote his ope
Slide 18: 2(b) Re-election of Beth Laughton
5. Items of Business Item 2(b) Re-election of Beth Laughton That Ms Beth Laughton, being a Director of the Company who retires by rotation pursuant to the Company’s Constitution, and being eligible offers herself for re-election, is re-elected as a Director of the Company. JB HI-FI LIMITED PAGE 18
Slide 19: 2(b) Re-election of Beth Laughton: proxies received
5. Items of Business Item 2(b) Re-election of Beth Laughton In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 71,711,081 93.28 Open / Undirected (Chairman) 121,244 0.16 The Chairman intends to vote his o
Slide 20: Item 3: Remuneration Report adoption
5. Items of Business Item 3 That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2022 be adopted. JB HI-FI LIMITED PAGE 20
Slide 21: Remuneration Report: proxies received
5. Items of Business Item 3 Remuneration Report In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 72,253,103 94.25 Open / Undirected (Chairman) 115,464 0.15 The Chairman intends to vote his open/undirect
Slide 22: Item 4: Allocation of restricted shares to Executive Directors
5. Items of Business Item 4 a) That the allocation of restricted ordinary shares to Executive Director, Mr Terry Smart, on the terms and conditions described in the Explanatory Notes to this Notice of Meeting, be approved. b) That the allocation of restricted ordinary shares to Executive Director, M
Slide 23: 4(a) Allocation of restricted shares to Terry Smart
5. Items of Business Item 4(a) Approval of allocation of restricted shares to Terry Smart In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 62,515,472 81.41 Open / Undirected (Chairman) 122,479 0.16 The
Slide 24: 4(b) Allocation of restricted shares to Nick Wells
5. Items of Business Item 4(b) Approval of allocation of restricted shares to Nick Wells In respect of this item of business, the following proxies have been received. Votes Received % of Eligible Votes Cast (excluding abstentions) For 62,522,380 81.41 Open / Undirected (Chairman) 121,469 0.16 The C
Slide 25: Questions
6. Questions JB Hi-Fi Limited QUESTIONS? JB HI-FI LIMITED PAGE 25
Slide 26: How to vote
How to vote How to vote ▪ When the poll is open, select the “Vote” icon and the voting options Items of Business will appear on your screen 2A Re-elect Mr Sam Sample as a Director ▪ To vote, select your voting direction. FOR AGAINST ABSTAIN A tick will appear to confirm receipt of your vote 2B Re-el
Slide 27: JB Hi-Fi Limited 2022 AGM
JB Hi-Fi Limited 2022 AGM JB HI-FI LIMITED