Jb Hi-fi Limited · ASX:JBH

Jb Hi-fi — Macquarie Emerging Leaders Conference 2009

8 slides from Jb Hi-fi's conference presentation, May 2009

  1. Slide 1: JB Hi-Fi Limited Macquarie Emerging Leaders Conference May 2009

    For personal use only JB Hi-Fi Limited Macquarie Emerging Leaders Conference May 2009

  2. Slide 2: Agenda

    Agenda For personal use only 1. Half Year 2009 Results 2. Historical Performance 3. Trading Update 4. Store Update 5. Investment Checklist Richard Uechtritz CEO 2

  3. Slide 3: Half Year 2009 Results

    1. Half Year 2009 Results Strong performance for 6 months to 31 December 2008 For personal use only Sales up 28%, Profit up 41% and Dividend up 50% HY09 HY08 q Sales $1.26b $988.5m 27.6% Û q Comparable store sales growth 11.1% 18.8% Û q Gross Margin 21.4% 21.6% -22 bps q Û Cost of Doing Business 13.

  4. Slide 4: Historical Performance: strong growth in sales and earnings since MBI in July 2000

    2. HISTORICAL PERFORMANCE Strong growth in sales & earnings since MBI in July 2000 For personal use only SALES +28% EBIT +41% NPAT +41% ~ 2.35b 65.1m 102.3m FULL YEAR GUIDANCE +61% +56% 59.0m 91.5m +41% 1.83b +41% +43% 65.5m 40.4m 1,282m 1.26b +47% +57% +36% HALF YEAR HALF YEAR +28% 946m 44.5m 25.8m

  5. Slide 5: Trading Update

    3. TRADING UPDATE For personal use only Trading Performance § Sales YTD continue to meet internal expectations. § Comp store sales YTD still strong. § Margins in some areas under pressure. § CODB continues to decline. § Company has traded well since the start of the financial crisis and economic dow

  6. Slide 6: Store Update

    4. STORE UPDATE For personal use only Ø 20 new stores to open in FY09 . . . GOAL 150 JB Stores (currently 104 JB stores) § 17 JB Hi-Fi stores open or to open at: • WA: Malaga, Cockburn, Cannington, Joondalup, Perth City, Claremont, Rockingham • NSW: Tweed Heads • VIC: Melbourne* • QLD: Morayfield, C

  7. Slide 7: Investment Checklist

    5. INVESTMENT CHECKLIST For personal use only P Strong and unique retail model. P Operates mainly in high growth home entertainment and technology sector. P Low cost of doing business – best of listed retailers. P Many new store opportunities - JB circa 150 in Australia and New Zealand (currently on

  8. Slide 8: Appendix I: Store movements and geographic breakdown

    APPENDIX I For personal use only Store movements – YTD March 2009 Geographic breakdown YTD 09 FY08 Opened Closed Total AUSTRALIA JB Hi-Fi 85 12 - 97 Clive Anthonys 8 3 - 11 1 93 15 - 108 NEW ZEALAND 25 JB Hi-Fi 5 2 - 7 13 Hill & Stewart 7 - - 7 12 2 - 14 6 105 17 - 122 27 5 Store Format: 30 Shopping

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