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WOOLWORTHS GROUP LIMITED — AGM Information 2012
Nov 21, 2012
66075_rns_2012-11-21_072b2018-61ff-4ea8-af18-886d4fa9b0b8.pdf
AGM Information
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AGM 22 ovem N b er
James Strong Chairman
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Earnings Per Share — excluding . Consumer Electronics provision up 3 1%
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Cents
FY08 ↑24.0%
FY09 ↑11.7%
FY10 ↑8.8%
FY11 ↑6.5%
F Y12 ↓14.9% ↑ 3.1%
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Dividends per share
Increase in dividends per share of . 3 3%
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Cents
FY08 ↑24.3%
FY09 ↑13.0%
FY10 ↑10.6%
FY11 ↑6.1%
F Y12 ↑3.3%
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Grant O'Br eni Managing Director and Chief Executive Officer
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Earnings growth across all divisions
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17.0 [%]
6.5 [%]
5 2. [%]
Australian Food and New Zealand 0.8 %
Liquor Supermarkets BIG W Hotels
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Growth plans – our four strategic priorities
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Extending our leadership – Australia's Fresh Food people
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Extending our leadership – Food and Liquor
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Growth options fast becoming real
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FY12 new store growth
46 38 15 BWS Austra ian l Masters Stores Supermarkets 20 7 7 Dan Murphy's BIG W's Countdown
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Australia's leading online retailer
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2 65.[M] Apps in use across Woolworths businesses
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SCA Property Group
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Financials
3.0[%]
Increase in earnings before interest and tax from continuing operations to $3,352.1 million
3.6[%]
Increase in net profit after tax from continuing operations to $2,182.9 million
3.1[%] 14.5[%]
Decrease in net profit after tax including discontinued operations and consumer electronics provision
Increase in earnings per share from continuing operations to 178.63 cents
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Highlights — Financial Year 2012
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Delivered profit within our guidance
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Delivered lower prices across all our brands
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A solid increase in NPAT from continuing operations of 3.6%, decline in NPAT of 14.5% after the consumer electronics provision
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- Sales from continuing operations grew by 4.8%
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Corporate responsibility review
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Most Sustainable Retailer
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$66.5M
Invested since 2007 Sustainability Strategy launch on lower carbon technologies 37[%]
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Lower carbon emissions per sqm compared to 2008 – exceeded target o f 25%
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16
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Supporting Australian farming and agriculture
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$9M Invested since 2007 through the F res h oo F d u F t ure Program – su ortin pp g innovation and next generation of farmers and industry leaders
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Supporting our National economy
$6 6.[B] $2 1.[B] $108[B] Paid in wages Paid in taxes Contribution an d ene b fit s o t i n di rec tl y o t our 195,000 the economy employees along with 729,900 jobs
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Under James Strong's leadership
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Sales have more than doubled
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$20 . 9 billion in 2001 to $56 . 7 billion in FY12
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Net profit after tax has quadrupled
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$475.7 million in 2001 to $2.2 billion in FY12
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The share price has increased by 245 per cent
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$8.41 in 2001 to today’s price of more than $29
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Earnin s er share have uadru led g p q p
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Almost 100,000 additional shareholders who have invested in Woolworths
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19
James Strong Chairman
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How to vote
The smartcard should have been inserted into your handset when you registered for the AGM
If t h e smartcar d s not nserte i i d nto your i handset please do so now
M a k e sure th e arrows a t th e o b tt om o f the smartcard are inserted and facing you
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How to vote
Insert the smartcard to the up red line. A welcome message will appear when the card is inserted correctly
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How to vote
When the poll opens , the handset will display the voting options being
- 1 to vote FOR the resolution
2 to vote AGAINST the resolution
3 to ABSTAIN or WITHHOLD your vote
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Press the appropriate button on the handset to register your intentions
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How to vote
Your voting instruction will appear on the handset
“ Received ” will appear on your handset to indicate your vote has counted
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If you wish to change your mind, simply enter your new choice
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How to vote
If you wish to withdraw your vote press the Cancel button
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How to vote
If the you accidentally dislodge smartcard a warning will appear on your screen and you may need to push the smartcard back into the handset
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How to vote
When the poll opens , the handset will display the voting options being
1 to vote FOR the resolution
2 to vote AGAINST the resolution
3 to ABSTAIN or WITHHOLD your vote
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This will vote your open votes only, directed votes will go through automatically when you select one of the 3 options
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How to vote
Please leave the handset and smartcard on your seat or hand them to a member of staff as you leave the room
The handset has a built in alarm t h at w ill soun d you na if i d vertent y l leave the building without returning the handset and smartcard
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How to vote
If have or issues in you any questions using the handset please raise your hand and one of the attendants in the auditorium will be able to assist you Thank you for your attention
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Shareholder Questions
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1. Financial Statements
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2. Election of Directors
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John Astbury
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Resolution 2 – Election of Directors John Astbury
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For 534,894,829 95.75%
Against 6,194,540 1.11%
Open 17,545,292 3.14%
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Thomas Pockett
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Resolution 2 – Election of Directors Thomas Pockett
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For 536,264,023 96.00%
Against 4,788,378 0.86%
Open 17,555,669 3.14%
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Christine Cross
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Resolution 2 – Election of Directors Christine Cross
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For 538,268,959 96.37%
Against 2,680,591 0.48%
Open 17,596,123 3.15%
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David Mackay
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Resolution 2 – Election of Directors David Mackay
For 537,786,779 96.31% Against 2,993,439 0.54% Open 17,590,283 3.15%
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Michael Ullmer
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Resolution 2 – Election of Directors Michael Ullmer
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For 535,909,309 95.97%
Against 4,862,229 0.87%
Open 17,633,612 3.16%
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3. Long Term Incentive Plan
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Resolution 3a – Long Term Incentive Plan: Grant O'Brien
For 521,475,357 93.52% Against 19,003,170 3.41% Open 17,110,549 3.07%
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Resolution 3b – Long Term Incentive Plan: Thomas Pockett
For 521,115,212 93.46% Against 19,322,207 3.47% Open 17,123,024 3.07%
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4. Renewal of Proportional Takeover Approval
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Resolution 4 – Renewal of Proportional Takeover
For 528,966,595 94.87% Against 10,796,328 1.94% Open 17,800,745 3.19%
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5. Remuneration Report
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Resolution 5 – Remuneration Report
For 516,993,798 92.99% Against 21,677,250 3.90% Open 17,320,365 3.12%
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6. Capital Reduction
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Resolution 6 – Capital Reduction
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For 534,970,016 95.85%
Against 5,533,171 0.99%
Open 17,648,404 3.16%
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AGM 22 ovem N b er