Adairs Ltd. · ASX:ADH
Adairs — Shareholder Meeting (November 2017)
18 slides from Adairs's shareholder meeting presentation, Nov 2, 2017
Slide 1: Adairs Limited Annual General Meeting
ADAIRS LIMITED ANNUAL GENERAL MEETING For personal use only 2 NOVEMBER 2017
Slide 2: Michael Butler, Chairman
Michael Butler Chairman For personal use only 1
Slide 3: FY17 Result Highlights
FY17 Result Highlights Sales growth up 7.1% • LFL Sales for the full year down -1.4% (cycling 3 For personal use only years of double digit growth) • LFL strengthened over 2H with Q4 LFL sales +3.8% Growth from Online channel • Online sales up 26% • Online sales grew 41% in 2H • Represents 9% of
Slide 4: CEO Mark Ronan
For personal use only CEO Mark Ronan 3
Slide 5: FY17 Performance by Half
FY17 Performance by Half Financial Performance KPI’s For personal use only First Half Second Half FY17 FY16* Change FY17 FY16* Change Sales Sales -4.0% +15.4% +1.0% +8.7% LFL% LFL% GM% 59.3% 62.9% -3.6% GM% 59.1% 59.3% -0.2% CODB% 47.4% 43.8% -3.6% CODB% 43.5% 42.4% -1.1% EBIT $12.0m $19.9m -$7.9m E
Slide 6: Operational Achievements FY17
Operational Achievements FY17 For personal use only Point of sale system • New system rolled out to all stores Website replatform • Faster page load speed • Search engine optimization • Enhanced checkout capabilities • Buy Now Pay Later deployment Growing footprint in Australia • Addition of 9
Slide 7: FY18 Trading Update & Guidance
FY18 Trading Update & Guidance Guidance Update Previous Revised Improved performance from key product ($m) Guidance Guidance For personal use only categories • Balanced range providing options for all Year End Stores 166 – 168 166 – 168 customers • Strong performance from Fashion Sales ($m) 285 –
Slide 8: Strategy: Key Growth Drivers
Strategy: Key Growth Drivers Product, Product, Product • Maintain our focus on product and a well balanced For personal use only differentiated range • Range extension into adjacent categories Larger more inspiring stores • Larger store formats inspire a more engaging instore experience Passiona
Slide 9: Questions?
For personal use only QUESTIONS? 8
Slide 10: Meeting Resolutions
For personal use only MEETING RESOLUTIONS 9
Slide 11: 1. Annual Financial Report
1. Annual Financial Report “To receive and consider the Financial Report of For personal use only the Company and its controlled entities and the Reports of the Directors and Auditor for the year ended 2 July 2017.” 10
Slide 12: 2a. Re-election of Michael Butler
2a. Re-election of Michael Butler For personal use only “That Michael Butler, being eligible, be re- elected as a Director of the Company.” Usable Proxies Received Proxies % of Total Capital For: 128,803,117 77.65% Open/Undirected (Chairman) 1,596,668 0.96% Open/Undirected (Other) 100,000 0.06% Agai
Slide 13: 2b. Re-election of David Briskin
2b. Re-election of David Briskin For personal use only “That David Briskin, being eligible, be re-elected as a Director of the Company.” Usable Proxies Received Proxies % of Total Capital For: 128,781,117 77.64% Open/Undirected (Chairman) 1,596,668 0.96% Open/Undirected (Other) 100,000 0.06% Against
Slide 14: 3. Remuneration Report
3. Remuneration Report For personal use only “That the Remuneration Report for the year ended 2 July 2017 be adopted.” Usable Proxies Received Proxies % of Total Capital For: 125,548,538 75.69% Open/Undirected (Chairman) 1,597,015 0.96% Open/Undirected (Other) 100,000 0.06% Against: 149,427 0.09% Ab
Slide 15: 4. Approval of long term incentive to Mark Ronan
4. Approval of long term incentive to Mark Ronan “That approval be given for all purposes, For personal use only including ASX Listing Rule 10.14, for the grant of options to Mark Ronan as his long term incentive for the year ended 1 July 2018 on the terms described in the explanatory notes accompan
Slide 16: 5. Approval of long term incentive to Michael Cherubino
5. Approval of long term incentive to Michael Cherubino “That approval be given for all purposes, For personal use only including ASX Listing Rule 10.14, for the grant of options to Michael Cherubino as his long term incentive for the year ended 1 July 2018 on the terms described in the explanatory
Slide 17: Meeting Closed
For personal use only MEETING CLOSED 16
Slide 18: Disclaimer
Disclaimer Some of the information contained in this presentation contains “forward-looking statements” which may not directly or For personal use only exclusively relate to historical facts. These forward-looking statements reflect Adairs Limited current intentions, plans, expectations, assumptions