Focused on Shareholder Value Annual Report 2000 Continuing the Company’S Once Again the Result Was a Strong Performance

Total Page:16

File Type:pdf, Size:1020Kb

Focused on Shareholder Value Annual Report 2000 Continuing the Company’S Once Again the Result Was a Strong Performance focused on shareholder value Annual Report 2000 Continuing the company’s Once again the result was a strong performance. Highlights record. A detailed review of the of the 1999/2000 financial year year’s results and the outlook and results at a glance. for the future. 2 highlights 4 letter from the chairman contents 3 financial overview 6 managing director’s 3 creating wealth and review of operations adding value directory financial calendar Wesfarmers Limited ABN 28 008 984 049 Final dividend payment 48 cents per share 26 October 2000 Executive directors MA Chaney Managing Director and Chief Executive Officer Annual general meeting E Fraunschiel Finance Director and quarterly announcement of results 6 November 2000 Non-executive directors Half-year results and interim dividend announcement February 2001 CH Perkins Chairman KP Hogan, O.A.M. Deputy Chairman Half-year results summary DJ Asimus, A.O. mailed to shareholders March 2001 TR Eastwood, AM Interim dividend payment April 2001 TJ Flügge, A.O. LA Giglia Quarterly announcement of results May 2001 JP Graham Full-year results RD Lester and final dividend announcement August 2001 DEW Nuttall JM Paterson Annual report mailed to shareholders October 2001 DC White Final dividend payment October 2001 Company Secretary Annual general meeting PJ Johnston and quarterly announcement of results November 2001 Audit committee DC White Chairman of the committee LA Giglia Annual general meeting The 19th annual general meeting of RD Lester Wesfarmers Limited will be held at the Hyatt Regency Perth, DEW Nuttall 99 Adelaide Terrace, Perth on Monday 6 November 2000 Registered office at 2.00 pm. 11th Floor, Wesfarmers House 40 The Esplanade Annual report cost 50,000 copies of this annual report have Perth, Western Australia 6000 been produced at a cost of about $3.00 per copy. Telephone: (08) 9327 4211 Facsimile: (08) 9327 4216 Wesfarmers Limited Annual Report 2000 1 Operational performances A snapshot of Wesfarmers’ role at a glance followed by Directors, their details and the in the community. A summary Group financial statements, detailed reviews of each of corporate governance practices of useful information relating to statutory reports and details the group businesses. that are followed. your investment in the company. of shareholdings. 10 operational summary 26 board of directors 30 wesfarmers and 33 financial statements 12 hardware 28 corporate governance the community 14 gas 32 investor information 16 coal 18 fertilisers & chemicals 20 rural services & insurance 22 forest products 24 transport company profile Wesfarmers’ objective Wesfarmers is a major diversified Australian public company The primary objective of Wesfarmers Limited is to provide headquartered in Perth, Western Australia and is ranked with a satisfactory return to shareholders. the leading performers among Australia’s top 50 listed companies The company aims to achieve this by: in terms of shareholder return. This is seen as the ultimate test of the company’s performance. • satisfying the needs of customers through the provision of goods and services on a competitive and professional basis; The company’s origin in 1914 as a Western Australian farmers’ co-operative determined its early focus on the provision of services • providing a fulfilling and safe working environment for and merchandise to the rural community. While maintaining this employees, rewarding good performance and providing focus, Wesfarmers has undertaken a diversification programme over opportunities for advancement; the past decade resulting in a greatly broadened business and • contributing to the growth and prosperity of Australia by geographical base. conducting existing operations in an efficient manner and by Today it is a diversified corporation with interests in fertilisers and searching out opportunities for expansion; chemicals manufacture; gas processing and distribution; coal mining • responding to the attitudes and expectations of the and production; building materials, hardware retailing and forest communities in which the company operates and placing products; rural merchandise and services; transport; and insurance. strong emphasis on achieving sustainable development and Since its public listing in 1984, Wesfarmers has recorded strong protection of the environment; and growth in assets and profits. Today the group employs about 9,700 • acting with integrity and honesty in dealings both inside and people full-time and a further 4,700 on a part-time or casual basis. outside the company. Wesfarmers has 41,000 shareholdings on its register comprising farmers, institutions, employees and other investors. With a clear focus on shareholder value, Wesfarmers is active in its endeavours to expand the existing businesses and to assess new opportunities as they are presented both within Australia and overseas. Wesfarmers Limited Annual Report 2000 2 highlights of the year • operating profit after tax (before abnormal items and goodwill amortisation) up nine per cent to $202 million • nine new Bunnings warehouse stores opened in mainland Australia • completion of a new $150 million ammonia plant at Kwinana in Western Australia • acquisition of the Curragh coal mine in Queensland’s Bowen Basin • completion of the jointly owned 180,000 tonne per annum Queensland nitrates project Wesfarmers Limited Annual Report 2000 Operating profit Dividends per share Earnings per share Return on average 3 after tax shareholders’ equity before abnormal items before abnormal items and goodwill amortisation and goodwill amortisation before abnormal items ($ millions) (cents) (cents) (%) financial overview 2000 1999 % Change Operating revenue $m 3,496 3,119 + 12.1 Operating profit before abnormal items, interest and tax $m 320 268 + 19.4 Operating profit after tax before abnormal items and goodwill amortisation $m 202 185 +9.2 Operating profit after tax before abnormal items $m 195 178 + 9.6 Dividends $m 193 178 + 8.4 Total assets $m 3,169 2,576 + 23.0 Net borrowings $m 829 438 + 89.3 Shareholders’ equity $m 1,231 1,207 + 2.0 Capital expenditure on property, plant and equipment $m 189 352 - 46.3 Depreciation and amortisation $m 125 120 + 4.2 Earnings per share before abnormal items and goodwill amortisation cents 75.7 71.9 + 5.3 Return on average shareholders’ equity before abnormal items % 16.0 15.0 + 6.7 Dividends per share cents 73 67 + 9.0 Net tangible assets per share $ 4.13 3.96 + 4.3 Cash flow per share $ 1.20 1.16 + 3.4 Gearing (net debt to equity) % 67.3 36.3 + 85.4 Net interest cover before abnormal items (cash basis) times 18.9 23.0 - 17.8 For a detailed financial history, refer to page 72. creating wealth and adding value $m $m Wealth creation Total operating revenue 3,496 3,119 Total cost of materials, goods and services and other external costs 2,525 2,267 Total value-added, representing the wealth created by Wesfarmers 971 852 This created wealth was shared as follows: • to employees as salaries, wages and other benefits 420 370 • to governments as income tax, royalties and other taxes 186 158 • to lenders as interest on borrowed funds 32 24 • to shareholders as dividends on their investment 194 178 • reinvested in the business as depreciation, amortisation and retained earnings 139 122 Wesfarmers Limited Annual Report 2000 4 letter from the Dear Shareholder, should be willing to pay for assets. Wesfarmers has been a I am delighted to present the “value investor” and, as a result, chairman Wesfarmers 2000 annual report. its assets provide good returns. On behalf of the board, In the review by Wesfarmers it is pleasing to report on Managing Director, another year in which record Michael Chaney, and the levels of revenue and profits detailed business unit reports were established. that follow you will find full details of the group’s 1999/2000 Highlights of the year included performance as well as another outstanding contribution comments and information from the group’s national about future prospects. hardware retailing business and I encourage you to read significant profit turnarounds by these reports. the rural/insurance and forest products operations. Revenue and earnings from the group’s energy businesses also improved on last Dividend year with a positive first-year In line with the company’s contribution from the new current policy of maintaining a Bengalla coal mine, but reduced dividend payout ratio of contributions were recorded by 100 per cent of after-tax profit fertilisers/chemicals and transport. before abnormal items, a fully As the graphs on this page franked final dividend of illustrate, Wesfarmers has 48 cents per share has been achieved strong profit growth declared (last year 42 cents). and provided very substantial This lifts the full-year distribution returns to its shareholders since to 73 cents per share compared it listed on the Stock Exchange to last year’s 67 cents. in 1984. An investment of The directors have also $1,000 in Wesfarmers at that time would be worth $36,000 reinstated the company’s today if all dividends had been dividend investment plan as a reinvested. This compares with result of higher group gearing, around $8,000 for an as explained in more detail in investment of $1,000 in the the Managing Director’s review. basket of stocks comprised in New shares issued under this the All Ordinaries index. plan will be at a discount of 2.5 per cent to the market price It is no coincidence that for the final 2000 dividend, Wesfarmers has achieved these the same discount that applied results while maintaining strict prior to the plan’s suspension in guidelines on how much it August 1999. once again the result was a record Share price versus operating profit after tax Australian accumulation indices 1984-2000 Share price Wesfarmers Limited Operating profit after tax (before abnormal items and goodwill amortisation) All Ordinaries All Industrials Wesfarmers Limited Annual Report 2000 5 Board retirement During the year, the board announced the retirement of Warren Murphy after a long and distinguished executive career with Wesfarmers.
Recommended publications
  • Wesfarmers 2012 Sustainability Report
    17 October 2012 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, Wesfarmers 2012 Sustainability Report Please find attached the Wesfarmers 2012 Sustainability Report. The report is also available on the company’s website at www.wesfarmers.com.au. Yours faithfully, L J KENYON COMPANY SECRETARY Enc. For personal use only Wesfarmers Wesfarmers Sustainability Report 2012 Sustainability Report 2012 For personal use only Contents About Wesfarmers Managing Director’s welcome 2 The durability of our company is reflected in our history. With origins in 1914 as a Western Australian Message from the Chairman 3 farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. Our Sustainability at Wesfarmers 4 diverse business operations now include supermarkets; department stores; home improvement and Scorecard 6 office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety Engaging our stakeholders 10 products. We are one of Australia’s largest employers and have a shareholder base of approximately Reconciliation Action Plan 17 500,000 direct shareholders. Looking after our environment 18 Sustainability is an important part of our history and is a critical element in our future success. Driving our performance 26 Coles 28 Home Improvement and Office Supplies 34 Securities exchange listing Target 42 Wesfarmers Limited is a company limited by shares that is incorporated and domiciled in Australia. Kmart 46 Australian Securities Exchange (ASX) listing
    [Show full text]
  • 2018 Sustainability Report Su
    WESFARMERS SUSTAINABILITY REPORT 2018 CONTENTS Our Report 3 Sustainability at Wesfarmers 4 Our material issues 5 Managing Director’s welcome Our Principles Our Businesses People Bunnings 6 Safety 41 Bunnings 8 People development 11 Diversity Coles 45 Coles Sourcing 15 Suppliers Department Stores 18 Ethical sourcing and human rights 54 Kmart 58 Target Community 26 Community contributions Officeworks 29 Product safety 63 Officeworks Environment Industrials 31 Climate change resilience 67 Chemicals, Energy & Fertilisers 34 Waste and water use 70 Industrial and Safety 73 Resources Governance 37 Robust governance 74 Other businesses This is an edited extract of our 2018 Sustainability Report. Our full sustainability report contains numerous case studies and data available for download. It is prepared in accordance with the Global Reporting Initiatives Standards and assured by Ernst & Young. It is available at sustainability.wesfarmers.com.au Sustainability Report 2018 2 Our Report SUSTAINABILITY AT WESFARMERS At Wesfarmers we believe long-term value creation is only possible WESFARMERS CONSIDERS SUSTAINABILITY if we play a positive role in the communities we serve. Sustainability is about understanding and managing the ways we impact our AS AN OPPORTUNITY TO DRIVE STRONG AND community and the environment, to ensure we continue to create LONG-TERM SHAREHOLDER RETURNS value in the future. Wesfarmers is committed to minimising our footprint and to This Sustainability Report presents Wesfarmers Limited delivering solutions that help our customers and the community (ABN 28 008 984 049) and its wholly owned subsidiary companies’* do the same. We are committed to making a contribution to the sustainability performance for the year ended 30 June 2018, how we communities in which we operate through strong partnerships performed, the value we created and our plans for the future.
    [Show full text]
  • 2017 Annual Report
    19 September 2017 The Manager Market Announcements Office Australian Securities Exchange Dear Manager, 2017 ANNUAL REPORT Attached is the Wesfarmers Limited 2017 Annual Report. A copy of the report will be sent by mid-October 2017 to those shareholders who have elected to receive a copy. The report is also available on the company’s website www.wesfarmers.com.au. Yours faithfully, LJ KENYON COMPANY SECRETARY For personal use only Wesfarmers Annual 2017 Report 2017 Annual Report Delivering value today and tomorrow For personal use only The primary objective of Wesfarmers is to provide a satisfactory return to its shareholders. About Wesfarmers About this report From its origins in 1914 as a Western This annual report is a summary Wesfarmers is committed to reducing Australian farmers’ cooperative, of Wesfarmers and its subsidiary the environmental footprint associated Wesfarmers has grown into one of companies’ operations, activities and with the production of the annual Australia’s largest listed companies. financial position as at 30 June 2017. In report and printed copies are only With headquarters in Western Australia, this report references to ‘Wesfarmers’, posted to shareholders who have its diverse business operations ‘the company’, ‘the Group’, ‘we’, ‘us’ and elected to receive a printed copy. This cover: supermarkets, liquor, hotels ‘our’ refer to Wesfarmers Limited (ABN report is printed on environmentally and convenience stores; home 28 008 984 049) unless otherwise stated. responsible paper manufactured under improvement; department stores; ISO 14001 environmental standards. References in this report to a ‘year’ office supplies; and an Industrials are to the financial year ended division with businesses in chemicals, 30 June 2017 unless otherwise stated.
    [Show full text]
  • 2007-Sustainability-Report.Pdf
    Sustainability 07 COVER We are one of Australia’s largest public companies with our head office in Perth, Western Australia. In 1984 we listed on what is now the Australian Securities Exchange, having begun as a farmers’ cooperative in 1914. Our major operating business interests SustainSustainabilityability 07 are in home improvement products and building supplies; coal mining; insurance; industrial and safety products; chemicals and fertilisers; gas processing and distribution and power supply. Home Industrial & Chemicals & Other Coal Insurance Energy Improvement Safety Fertilisers Businesses BUNNINGS CURRAGH LUMLEY AUSTRALIA CSBP COREGAS GRESHAM (AUST/NZ) GENERAL PARTNERS BLACKWOODS INSURANCE (50%) PREMIER AUSTRALIAN WESFARMERS Members of the Wesfarmers (AUST) PROTECTOR Ultimate Challenge at sea off HOUSEWORKS GOLD LPG ALSAFE REAGENTS WESPINE BENGALLA Fremantle. LUMLEY (75%) INDUSTRIES (40%) BULLIVANTS KLEENHEAT GENERAL (50%) GAS Read about it on page 8. INSURANCE MULLINGS QUEENSLAND (NZ) FASTENERS NITRATES BUNNINGS ENERGY MOTION (50%) WAREHOUSE GENERATION WESFARMERS INDUSTRIES PROPERTY (ENGEN) FEDERATION TRUST INSURANCE (23%) NEW ZEALAND AIR LIQUIDE CONTENTS WA OAMPS BLACKWOODS (40%) (AUST/UK) PAYKELS Managing Director’s Welcome 1 NZ SAFETY CROMBIE PROTECTOR About This Report 2 LOCKWOOD SAFETY (NZ) PACKAGING HOUSE Sustainability Scorecard 4 KOUKIA (91%) Bunnings 12 Curragh 24 Premier Coal 32 Kleenheat Gas 44 Wesfarmers LPG 52 Industrial & Safety 60 CSBP 70 Insurance 82 Other Businesses 90 Independent Assurance Statement 94 Glossary and Feedback 96 AREAS COVERED 1 WELCOME This is the tenth time we’ve given an account of our performance across a range of issues relevant to our pursuit of a sustainable future. We have made very clear the priority we The Last 12 Months Looking Ahead allocate to this goal by adopting, as one of just Since we last reported there’s been an intense As ever, we must continue to improve.
    [Show full text]
  • Making Progess
    Making Progess ENVIRONMENT, SAFETY AND HEALTH - PROGRESS REPORT 2001 Wesfarmers Limited which are then reviewed by a small team in our ABN 28 008 984 049 Corporate Office. Authentication of the information is the responsibility of each business. Registered office 11th Floor, Wesfarmers House Verification 40 The Esplanade, Perth WA 6000 The process of checking factual accuracy and Telephone (08) 9327 4211 the scope of the reporting is reviewed in a number Facsimile (08) 9327 4216 of ways. As mentioned, initial drafts are discussed with our About This Report central office team and the business units are then required to compile detailed check lists which link This is our fourth report on environmental, safety statements in the report to either documentation and health issues and covers the financial year or, in the case of more generalised comments, to ended 30 June 2001. Safety statistics include sign offs by a business unit employee. These, in claims lodged or time lost up to 30 September turn, are subjected to a sample verification check 2001 relating to events in 2000/2001. by representatives from our Corporate Solicitors The report covers all wholly owned business units Office and Group Risk Management department as at 30 June 2001, with the exception of the who prepare a report for senior management. transport operations, most of which have been Finally, the reports are given to independent sold since the end of the reporting period. assessors from the Snowy Mountains Engineering Areas Covered Two businesses are included for the first time – Corporation (SMEC) who provide a statement on the hardware and home improvement retailer their findings.
    [Show full text]
  • Report 17, Report on a Matter of Privilege
    Report No. 17 REPORT ON A MATTER OF PRIVILEGE— THE ALLEGED MISLEADING OF THE HOUSE BY A MINISTER ON 20 AUGUST 1997 LEGISLATIVE ASSEMBLY OF QUEENSLAND MEMBERS’ ETHICS AND PARLIAMENTARY PRIVILEGES COMMITTEE REPORT ON A MATTER OF PRIVILEGE: THE ALLEGED MISLEADING OF THE HOUSE BY A MINISTER ON 20 AUGUST 1997 REPORT NO. 17 MEMBERS’ ETHICS AND PARLIAMENTARY PRIVILEGES COMMITTEE REPORTS DATE TABLED 1. Annual Report 1995/96 8 August 1996 2. Review of the Register of Members’ Interests of the Legislative 30 October 1996 Assembly 3. Report on a Matter of Privilege—The Alleged Misleading of the 29 January 1997 House by the Deputy Premier, Treasurer and Minister for The Arts on 12 November 1996 4. Report on a Matter of Privilege—The Alleged Misleading of the 29 January 1997 House by a Minister on 14 November 1996 5. Report on a Citizen’s Right of Reply No.1—A response to 20 March 1997 matters raised in the Legislative Assembly on 31 October 1996 6. Report on a Citizen’s Right of Reply Numbers 2, 3 and 4—A 10 July 1997 response to matters raised in the Legislative Assembly on 18 March 1997 and 19 March 1997 7. Report on the Sub Judice Convention 11 July 1997 8. Annual Report 1996/97 22 September 1997 9. Report on a Citizen’s Right of Reply Numbers 5 and 6 30 October 1997 10. Report on a Matter of Privilege: Alleged Contempt by the 30 October 1997 Criminal Justice Commission—Matter Referred to the Committee on 3 December 1996 11.
    [Show full text]
  • 2019 Annual Report 1 2019 the YEAR in REVIEW
    Wesfarmers Annual Report Annual Wesfarmers 2019 2019 WESFARMERS ANNUAL REPORT ABOUT WESFARMERS ABOUT THIS REPORT All references to ‘Indigenous’ people are intended to include Aboriginal and/or From its origins in 1914 as a Western This annual report is a summary Torres Strait Islander people. Australian farmers’ cooperative, Wesfarmers of Wesfarmers and its subsidiary Wesfarmers is committed to reducing the has grown into one of Australia’s largest companies’ operations, activities and environmental footprint associated with listed companies. With headquarters in financial performance and position as at the production of this annual report and Perth, Wesfarmers’ diverse businesses in this 30 June 2019. In this report references to printed copies are only posted to year’s review cover: home improvement; ‘Wesfarmers’, ‘the company’, ‘the Group’, shareholders who have elected to receive apparel, general merchandise and office ‘we’, ‘us’ and ‘our’ refer to Wesfarmers a printed copy. This report is printed on supplies; an Industrials division with Limited (ABN 28 008 984 049), unless environmentally responsible paper businesses in chemicals, energy and otherwise stated. manufactured under ISO 14001 fertilisers and industrial safety products. Prior References in this report to a ‘year’ are to environmental standards. to demerger and divestment, the Group’s the financial year ended 30 June 2019 businesses also included supermarkets, unless otherwise stated. All dollar figures liquor, hotels and convenience retail; and are expressed in Australian
    [Show full text]
  • Delivering Today. Value Tomorrow
    A CENTURY OF PROGRESS Delivering today. Value tomorrow. Wesfarmers | Annual Report 2014 WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 A CENTURY OF PROGRESS WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 2 A century of progress. In this our one hundredth year, we celebrate our strong commitment to performance that has seen our business consistently deliver value to our shareholders, employees, customers and the communities in which we operate. As we look towards the future we continue to focus on the core values that form the foundation of our success – integrity, openness, accountability, and boldness. Despite many changes over the past 100 years, it is our steadfast commitment to these values that ensures we provide a satisfactory return to shareholders; look after our employees and ensure they have a safe environment in which to work; provide excellent products and services to our customers; look after and care for the environment; and make a contribution to the communities in which we operate. WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 WESFARMERS ANNUAL REPORT 2014 1 A CENTURY OF PROGRESS Contents About Wesfarmers About this report From its origins in 1914 as a Western Australian farmers’ This annual report is a summary of Wesfarmers’ and its cooperative, Wesfarmers has grown into one of Australia’s largest subsidiary companies’ operations, activities and financial listed companies. With headquarters in Western Australia, its position as at 30 June 2014. In this report references to diverse business operations cover: supermarkets; department ‘Wesfarmers’, ‘the company’, ‘the Group’, ‘we’, ‘us’ and stores; home improvement and office supplies; coal production and ‘our’ refer to Wesfarmers Limited (ABN 28 008 984 049) export; chemicals, energy and fertilisers; and industrial and safety unless otherwise stated.
    [Show full text]
  • Annual Report 2018
    WESFARMERS ANNUAL REPORT 2018 About Wesfarmers About this report From its origins in 1914 as a Western This annual report is a summary Wesfarmers is committed to reducing Australian farmers’ cooperative, of Wesfarmers and its subsidiary the environmental footprint associated Wesfarmers has grown into one of companies’ operations, activities and with the production of this annual Australia’s largest listed companies. financial performance and position report and printed copies are only With headquarters in Perth, its as at 30 June 2018. In this report posted to shareholders who have diverse business operations references to ‘Wesfarmers’, ‘the elected to receive a printed copy. This cover: supermarkets, liquor, hotels company’, ‘the Group’, ‘we’, ‘us’ report is printed on environmentally and convenience stores; home and ‘our’ refer to Wesfarmers Limited responsible paper manufactured under improvement; department stores; (ABN 28 008 984 049), unless ISO 14001 environmental standards. office supplies; and an Industrials otherwise stated. division with businesses in chemicals, References in this report to a ‘year’ energy and fertilisers, industrial and are to the financial year ended safety products and coal. Wesfarmers 30 June 2018 unless otherwise is Australia’s largest private sector stated. All dollar figures are expressed employer with approximately 217,000 in Australian dollars (AUD) unless employees (including more than 5,200 otherwise stated. Indigenous team members) and is owned by approximately 495,000 All references to ‘Indigenous’
    [Show full text]
  • Delivering Today. Value Tomorrow
    A CENTURY OF PROGRESS Delivering today. Value tomorrow. Wesfarmers | Annual Report 2014 WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 A CENTURY OF PROGRESS WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 2 A century of progress. In this our one hundredth year, we celebrate our strong commitment to performance that has seen our business consistently deliver value to our shareholders, employees, customers and the communities in which we operate. As we look towards the future we continue to focus on the core values that form the foundation of our success – integrity, openness, accountability, and boldness. Despite many changes over the past 100 years, it is our steadfast commitment to these values that ensures we provide a satisfactory return to shareholders; look after our employees and ensure they have a safe environment in which to work; provide excellent products and services to our customers; look after and care for the environment; and make a contribution to the communities in which we operate. WorldReginfo - 0b28c54e-452e-499f-aaaa-5f8681972bd6 WESFARMERS ANNUAL REPORT 2014 1 A CENTURY OF PROGRESS Contents About Wesfarmers About this report From its origins in 1914 as a Western Australian farmers’ This annual report is a summary of Wesfarmers’ and its cooperative, Wesfarmers has grown into one of Australia’s largest subsidiary companies’ operations, activities and financial listed companies. With headquarters in Western Australia, its position as at 30 June 2014. In this report references to diverse business operations cover: supermarkets; department ‘Wesfarmers’, ‘the company’, ‘the Group’, ‘we’, ‘us’ and stores; home improvement and office supplies; coal production and ‘our’ refer to Wesfarmers Limited (ABN 28 008 984 049) export; chemicals, energy and fertilisers; and industrial and safety unless otherwise stated.
    [Show full text]
  • Philosophy, Performance and Direction Discussion Pack
    Philosophy, Performance and Direction Discussion Pack JPMorgan Investor Conferences New York & Edinburgh September 2008 1 Index 1 Philosophy, Performance and Direction 3 2 Sustainability 9 3 Group Overview 13 4 2008 Full Year Results 17 5 Operating Divisions 30 6 Capital Management 63 7 Outlook 65 8 Investor Relations Contacts and Information 66 2 Philosophy, Performance and Direction Long-term, consistent strategies MANAGING BALANCE SHEET EFFECTIVELY 4 Returns focus Objective: Satisfactory Returns to Shareholders Measured by TSR performance over the long term Improvement in ROE Growth in Invested Capital Growing divisional ROC Acquisitions and Expansion 5 Recent evolution of Wesfarmers November 2007 Coles Group November 2006 Acquisition Events | Divestment Events | Growth Events OAMPS August 2003 Landmark rural December 2000 services business Australian Railroad Group February 2007 November 2000 January 2003 Crombie Lockwood Merger IAMA with Curragh North June 2006 & Coregas Pty Ltd Wesfarmers Dalgety Development Australian Railroad Group May 2000 Curragh coal mine October 2003 Lumley Insurance Wesfarmers All Ords (rebased) August 2001 Howard Smith August 1999 April 2001 Commitment $100m Gresham Westralian Farmers Co-operative and Private Equity Fund No. 1 Franked Income Fund dissolved 98 99 00 01 02 03 04 05 06 07 08 6 Portfolio of leading brands Retail Businesses Industrial Businesses Hotels Insurance 7 Strong long-term performance EPS WES Share (cents per share) Price(A$) 300 50 250 40 200 30 150 20 100 50 10 0 0 98 99 00 01 02 03 04 05 06 07 08 EPS (AGAAP) Girrah EPS Landmark EPS EPS (AIFRS) ARG EPS Wesfarmers Share Price Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Wesfarmers TSR Index All Ordinaries Accumulation Index 8 Sustainability Sustainability Financial performance • All our actions are directed towards satisfying our corporate objective of providing a satisfactory return to shareholders.
    [Show full text]
  • 2021 Half-Year Results Briefing Presentation to Be Held on Thursday 18 February 2021 Presentation Outline
    2021 Half-year results briefing presentation To be held on Thursday 18 February 2021 Presentation outline Item Presenter Page Group performance overview Rob Scott 3 Group balance sheet and cash flow Anthony Gianotti 10 Bunnings Michael Schneider 16 Kmart Group Ian Bailey 21 Officeworks Sarah Hunter 27 Chemicals, Energy and Fertilisers Ian Hansen 32 Industrial and Safety Tim Bult 37 Group outlook Rob Scott 41 2021 Half-year results | 2 Group performance overview Rob Scott Managing Director, Wesfarmers Limited Wesfarmers’ primary objective is to provide a satisfactory return to shareholders We believe it is only possible to achieve this over the long term by: Anticipating the needs of our Looking after our team Engaging fairly with our customers and delivering members and providing a safe, suppliers and sourcing ethically competitive goods and services fulfilling work environment and sustainably Supporting the communities Taking care of the environment Acting with integrity and honesty in which we operate in all of our dealings 2021 Half-year results | 4 Maintaining a long-term focus, consistent with our values Anticipating the needs of our Looking after our team Engaging fairly with our customers and delivering members and providing a safe, suppliers and sourcing ethically competitive goods and services fulfilling work environment and sustainably • Investing to provide greater value, • Continued to pay team members • Supporting suppliers by remaining service and convenience to during periods of government- operational and with measures
    [Show full text]