Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — Shareholder Meeting (October 2006)
15 slides from Jb Hi-fi's shareholder meeting presentation, Oct 23, 2006
Slide 1: JB Hi-Fi Limited Annual General Meeting
JB HI-FI LIMITED Annual General Meeting 23rd October 2006
Slide 2: Agenda
AGENDA • Presentations by Chairman and Chief Executive Officer • Item 1: Tabling & Consideration of 2006 Financial Reports • Item 2: Adoption of remuneration report • Item 3: Re-election of directors • Item 4: Approval of grant of Options to Executive Directors in 2006 • Other Business
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Mr James King 25.03 25.8m 946m Û36% Û32% Û33% 19.5m 18.98 694m Û54% Û41% Û41% 13.8m 13.48 452m Û61% Û27% 356m Û60% 8.6m 8.39 Û39% 249m Û39% 6.2m Û43% 6.04 Û61% 155m Û138% Û137% 2.6m 2.55 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006 NPAT
Slide 4: Strong Shareholder Return
CHAIRMAN’S ADDRESS. . . Strong Shareholder Return: l Dividends of 7.6 cents per share up 5.6%. l Since the IPO in October 2003 annual compound growth of 48.5% vs. 18.9% for the ASX 200.* * As at 20 October 2006
Slide 5: Sustainable Competitive Advantage
CHAIRMAN’S ADDRESS. . . Sustainable Competitive Advantage: The company’s strategy: l Every day focus on lowest cost of doing business. l A broad range of every day low priced products for our customers. l Operating costs to sales were 17.1% vs. 17.2%. JB’s unique product ranging, mix and branding th
Slide 6: Roll Out Continues
CHAIRMAN’S ADDRESS. . . Roll Out Continues: l Continued expansion in Melbourne. l Successful interstate expansion, including locations outside the major cities. l Continued success in a variety of operation formats including shopping centres, home maker or big box centres and stand alone destination
Slide 7: Diversified Product Offering
CHAIRMAN’S ADDRESS. . . Diversified Product Offering: l Adoption and increasing penetration of new technology such as plasma and LCD TVs, MP3 players and DVD recorders. l Shift of product mix to be an early leader in new technologies promising high growth and significant volume. E.g. Games market an
Slide 8: Funding of Growth Plans
CHAIRMAN’S ADDRESS. . . Funding of Growth Plans: l Funding of growth via strong levels of cash flow generated from established stores and a prudent level of borrowings. l JB is one of the more conservatively geared listed retailers with fixed charges cover of 2.76 times. l Interest earned multiple o
Slide 9: People & Culture
CHAIRMAN’S ADDRESS. . . People & Culture: l Our ability to operate profitably and to expand as quickly and successfully as we have is a testament to our people and the company’s continued ability to attract and retain them. l Store staff are typically enthusiasts of the product categories they work
Slide 10: Chief Executive Officer's Address
CHIEF EXECUTIVE OFFICER’S ADDRESS Mr Richard Uechtritz Store Growth Total Stores: 70 (JB 64, CA 6) 1 Darwin ≈ 79 17 SE Qld (JB 11, CA 6) 66 5 Adelaide 1 Newcastle 48 4 Perth 3 Canberra 2 Central Coast 32 26 21 15 Sydney 15 10 22 Melbourne Acquired 2001 2002 2003 2004 2005 2006 2007 (F) July 2000
Slide 11: Item 1: Tabling & Consideration of 2006 Financial Reports
ITEM 1 Tabling & Consideration of 2006 Financial Reports: To receive and consider the financial report of the Company for the financial year ended 30 June 2006 together with the directors’ report and auditors’ reports for the financial year ended 30 June 2006.
Slide 12: Item 2: Adoption of remuneration report
ITEM 2 Adoption of remuneration report: To adopt the Remuneration Report for year ending 30 June 2006.
Slide 13: Item 3: Re-election of directors
ITEM 3 Re-election of directors: In accordance with the Company’s Constitution: (a) Mr Gary Levin retires by rotation and offers himself for re-election; (b) Mr Terry Smart retires by rotation and offers himself for re-election.
Slide 14: Item 4: Approval of grant of Options to Executive Directors
ITEM 4 Approval of grant of Options to Executive Directors in 2006: (a) Approval of grant of Options to an Executive Director – Mr Richard Uechtritz To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That pursuant to ASX Listing Rule 10.11 and for all other
Slide 15: Other Business
OTHER BUSINESS