Wesfarmers Ltd Old (WFAFF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for holding and welcome to the West Farmers 2024 full year results briefing. Your lines will be muted during the briefing. However, you will have an opportunity to ask a question immediately afterwards and instructions will be provided how to do so 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. Please go ahead. Thanks very much and hi everyone. Welcome to our 2024 full year results briefing. In Perth today, I'm joined by our Divisional Managing Directors and our CFO, Anthony Gianotti. As we ordinarily do, I'll give an overview of the group's performance for the year, provide some comments on the portfolio and then Anthony will provide more detail on the financial performance. I'll conclude with some comments on current market conditions and the outlook for the group. And then the divisional managing directors, Anthony and I, would welcome any questions that you may have. So starting on slide four, a slide that will be familiar to all of you, it sets out the Westfarmers corporate objective, which is to deliver a satisfactory return to shareholders. We define satisfactory as top quartile shareholder returns over the long term. 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, contribute positively to the communities in which we operate, take care of the environment and act with integrity and honesty in all our dealings. So moving to slide five, starting with our financial performance. This year, West Armour's net profit after tax increased 3...