Wesfarmers Ltd Old (WFAFF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for holding and welcome to the West Farmers 2023 full 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. Thanks very much and welcome everyone to the 2023 full year results briefing. And I'm joined here in Perth today with all of our divisional managing directors and our CFO, Anthony Gianotti. To begin, I'll provide an overview of the group's performance, provide some comments on the positioning of our portfolio and our progress on strategies, following which Anthony will provide some more detail on our financial performance. And then I'll make some comments on the group's outlook and then Anthony and our divisional managing directors and I will welcome any questions that you have. So I'll start on slide four, which will be familiar to most of you. It sets out West Farmer's corporate objective, which is to deliver a satisfactory return to shareholders. we defined satisfactory as a top quartile total shareholder return over the long term. And we acknowledge that we can only achieve this if we continue to anticipate the needs of our customers, look after our team members, treat suppliers fairly and ethically, contribute positively to the communities where we operate, take care of the environment and act with honesty and integrity. So turning to slide five, I wanted to highlight three key takeaways from our results. Firstly, I'll start with our financial ...