Adairs Ltd. · ASX:ADH
Adairs — Shareholder Meeting (October 2024)
17 slides from Adairs's shareholder meeting presentation, Oct 25, 2024
Slide 1: Adairs Limited Annual General Meeting
For personal use only Adairs Limited Annual General Meeting 25 October 2024
Slide 2: Trent Peterson, Interim Chair
For personal use only 1 TRENT PETERSON INTERIM CHAIR
Slide 3: Your Board
Your Board 2 Non-executive Directors Executive Director For personal use only Trent Peterson, Interim Chair Kiera Grant David MacLean Mark Ronan, MD & CEO Independent Company Secretaries Board renewal Jamie Adamson A search is underway for 2-3 new independent Ashley Gardner non-executive directors (
Slide 4: Chair's Report
For personal use only REPORT CHAIR’S 3
Slide 5: Managing Director & CEO's Report
For personal use only 4 MANAGING DIRECTOR & CEO’S REPORT
Slide 6: Group results – FY24
Group results – FY24 5 FY24 1,2 v FY23 Tough trading environment, however we planned for this and executed well on operational and financial areas within our control Total Sales For personal use only $594.4 million -4.3% .. Adairs -4.1% Achievements Challenges .. Focus on Furniture -8.7% +5.7% ► Gro
Slide 7: Adairs – Strategy
Adairs – Strategy 6 FY24 achievements FY25 priorities For personal use only ► NDC transition completed ► Pursue growth opportunities across bedlinen, kids and fashion furniture ► 7 new stores opened, 6 categories. upsized/refurbished, and 7 smaller stores closed (net +3.9% in GLA). ► Evolve the Line
Slide 8: Focus on Furniture – Strategy
Focus on Furniture – Strategy 7 FY24 achievements FY25 priorities For personal use only ► 2 new, 2 refurbished stores. GLA ► National store rollout program +7.8% supported by an enhanced in-store experience ► Queensland warehouse established ❑ 30+ new stores targeted over the next few years (creatin
Slide 9: Mocka – Strategy
Mocka – Strategy 8 FY24 achievements FY25 priorities For personal use only ► Operational stability achieved and ► New Zealand website re-platform returned to profitability ► Trial a physical presence / new ► Australian website re-platformed channel opportunities: ❑ shop-in-shop (Sylvia Park, NZ) ❑ w
Slide 10: FY25 - Trading update
FY25 - Trading update 9 The Group has traded positively year-to-date with Group sales up +4.8% on last year. FY25 v FY24 Real-time sales (unaudited) For personal use only (weeks 1-8) (weeks 9-16) (weeks 1-16) Group -0.4% +9.6% +4.8% Adairs +0.2% +16.1% +8.6% Focus on Furniture -0.1% -7.4% -3.7% Mock
Slide 11: FY25 - Outlook
FY25 - Outlook 10 ► The Group remains optimistic about what it can achieve in FY25, given trade to date and ongoing work across areas such as gross margin management, sales conversion and CODB discipline. For personal use only ► The significant progress made on a number of major projects in FY24, in
Slide 12: Meeting Resolutions
For personal use only MEETING RESOLUTIONS 11
Slide 13: 1. Annual Financial Report
12 1. Annual Financial Report “To receive and consider the Financial Report of the For personal use only Company and its controlled entities and the Reports of the Directors and Auditor for the year ended 30 June 2024.”
Slide 14: 2. Re-election of Director
13 2. Re-election of Director “That Kiera Grant, being eligible, be re-elected as a Director of the For personal use only Company.” Usable Votes and Proxies Received % of Eligible Votes Cast Votes / (excluding Proxies abstentions) For: 44,618,549 87.6% Open/Undirected (Chairman) 321,745 0.6% Open/Un
Slide 15: 3. Remuneration Report
14 3. Remuneration Report “That the Remuneration Report for the year ended 30 June 2024 be adopted.” For personal use only Usable Votes and Proxies Received % of Eligible Votes Cast Votes / (excluding Proxies abstentions) For: 42,971,356 89.9% Open/Undirected (Chairman) 321,882 0.6% Open/Undirected
Slide 16: Closed Meeting
For personal use only CLOSED MEETING 15
Slide 17: Important Notice and Disclaimer
16 Important Notice and Disclaimer The material in this presentation is general background information about Adairs Limited (ABN 50 147 375 451) (Adairs) and its activities current as at the date of the presentation. It is information given in summary form and does not purport to be complete. It sho