Wesfarmers Ltd Old (WFAFF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for holding and welcome to the West Farmers 2024 half year results briefing. Your lines will be muted during the briefing. However, you will have an opportunity to ask questions immediately afterward and instructions will be provided on how to do this at that time. This call is also being webcast live on the West Farmers website and can be accessed from the homepage of westfarmers.com.au. I would now like to hand the call over to the Managing Director of West Farmers Limited, Mr Rob Scott. Hi everyone and welcome to our 2024 half year results briefing. Today I'm joined in Perth with all of our divisional managing directors and our CFO Anthony Giannotti. To begin I'll provide an overview of the group's performance, some comments on the positioning of our portfolio and progress on strategies and then Anthony will provide more detail on our financial performance and the balance sheet. And I'll then conclude with some comments on the group's outlook. And then Anthony and our divisional managing directors and I would welcome any questions that you have. So starting on slide four, a slide that will be familiar with all of you. So it sets out the West Farmers corporate objective, which is to deliver a satisfactory return to shareholders. And we define satisfactory as top quartile shareholder returns over the long term. We know that we can only achieve this if we continue to anticipate the needs of our customers, look after our team, treat suppliers fairly and ethically, contribute positively to the communities where we operate, take care of the environment and act with integrity and honesty. Turning to slide five, I wanted to start on financial performance and we were pleased with the results for the half with net profit after tax increasing ...