Metcash Limited · ASX:MTS
Metcash — Shareholder Meeting (August 2006)
12 slides from Metcash's shareholder meeting presentation, Aug 31, 2006
Slide 1: Chairman's Address
Metcash Limited ABN 32 112 073 480 4 Newington Road Silverwater NSW 2128 Australia 31* August 2006 PO Box 6226 Silverwater Business Centre NSW 1811 Australia Ph: 61 2 9741 3000 Fax: 61 2 9741 3999 Chairman’s Address Ladies & Gentlemen, 2006 was another successful year for your company. The results f
Slide 2: Remuneration Policies
Remuneration Policies As set out in the Remuneration Report section of the Annual Report, the objectives of the company’s remuneration policy include «the provision of competitive rewards to attract and retain executive talent "applying demanding key performance indicators to deliver results across
Slide 3: Annual General Meeting 2006 - Andrew Reitzer, CEO
i nual General Meeting 2006 i iG - 7 Andrew Reitzer _ . a Chief Executive Officer Ly LLL Po ea : -
Slide 4: Financial Highlights
Financial Highlights Sales rose 10% to $7.7 billion 2006 EBITA grew 19.5% to $226.9 million and EBITA margin rose to 2.93% from 2.72% last year Cost of Doing Business as a percentage of gross profit fell to 67% from 81% 5 years ago Group Net Profit after Tax rose 23.8% to $127.9 million on a normali
Slide 5: Total Shareholder Returns under current management
2006 « Under current management vs competitors and market. Note: Total Shareholder Returns (TSR) represents share price appreciation and dividend returns to shareholders. 6.00 4.50 3.50 3.00 Share price i. g g EN aad Oe aaa sgsensba Jan 01 Oct 01 Aug 02 Jun 03 Apr 04 van 05 Nov 06 Source: iress | IG
Slide 6: IGA>D Achievement
IGA>D Achievement Sales increased 7.4% to $4.1 billion 2006 >» Excluding FY05 sales to Franklins, sales up 21% >» Excluding acquired FAL businesses, IGA>D growth per AC Nielsen was 8% compared to underlying market growth of 4.5% Comparable stores sales (excluding acquired FAL business) up 6.3% > Mar
Slide 7: Campbells Achievements
Campbells Achievements Sales up 15.8 % on last year 2006 > > Primary categories up 34.2% Confectionary up 30.4% EBIT increased by 22.5% to $21.2 million > Reflecting favourable product mix with primary sales now > 55% Traditional Convenience down 2.8% Modern Petrol and Convenience businesses grew 16
Slide 8: ALM Achievements
ALM Achievements —_—| Sales up 11.6% on last year 2006 EBIT up 17.6% to $30.7 million Significant productivity improvements after installing Voice Pick > +15-20% after 12 months > +25% after 24 months > Crestmead expected to be +15% Growth of Independent Brands of Australia to 1,820 retail liquor st
Slide 9: Strategic Update - FAL Integration
Strategic Update - FAL Integration _ « Western Australia 2006 Completed creation of 5" |GA>D State operation IGA successfully launched on 1 May 207 stores now branded IGA Market share up to 32.7% Rebranded independent stores up 18% on prior year Dry DC relayed and converted to Exe (13% productivity
Slide 10: Strategic Update - Store Divestment
Strategic Update —FALIntegration | “ * Store Divestment 2006 > 60 retail supermarkets available for sale (excluding 7 stores that are being managed until closure due to short leases/replaced by new store/profitability issues) > Of which 2 are being managed until a new lease can be written as part of
Slide 11: Guidance
Guidance + Earnings Guidance provided on 20 July 2006 > Consistent with +100 day report > FAL acquisition to yield incremental EBIT of $80-90 million (before restructuring costs) to FYO7 earnings * Of which approx. 60% to fall in 2"4 half > Restructuring costs expected to be approx. $7-10 million >
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