DOCSLIB.ORG

Worldreginfo

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Worldreginfo Wesfarmers Annual Report Annual Wesfarmers 2018 WESFARMERS ANNUAL REPORT 2018 WorldReginfo - d3a92f54-2182-4dea-a8ec-9fcd9ff886c9 CONTENTS Overview 2 2018 year in review 4 Primary objective 5 Group structure 6 Performance overview 8 Chairman’s message 10 Managing Director’s report 12 Leadership Team Operating and financial review 14 Operating and financial review 26 Retail businesses 26 Bunnings 32 Coles 40 Department Stores 42 – Kmart 44 – Target 46 Officeworks 50 Industrials 52 – Chemicals, Energy and Fertilisers 54 – Industrial and Safety 56 – Resources 57 Other activities Sustainability 58 Sustainability Governance 66 Board of directors 68 Corporate governance overview Directors’ report 72 Directors’ report 77 – Remuneration report Financial statements About Wesfarmers About this report 97 Financial statements 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 103 Notes to the financial statements 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 Signed reports 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 145 Directors’ declaration cover: supermarkets, liquor, hotels company’, ‘the Group’, ‘we’, ‘us’ report is printed on environmentally 146 Independent auditor’s report 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. Shareholder and ASX information division with businesses in chemicals, References in this report to a ‘year’ energy and fertilisers, industrial and are to the financial year ended 152 Shareholder information safety products and coal. Wesfarmers 30 June 2018 unless otherwise 153 Investor information is Australia’s largest private sector stated. All dollar figures are expressed 154 Five-year financial history employer with approximately 217,000 in Australian dollars (AUD) unless employees (including more than 5,200 otherwise stated. 155 Corporate directory Indigenous team members) and is 156 Wesfarmers brands owned by approximately 495,000 All references to ‘Indigenous’ people shareholders. are intended to include Aboriginal and/ or Torres Strait Islander people. Wesfarmers 2018 Annual Report 1 WorldReginfo - d3a92f54-2182-4dea-a8ec-9fcd9ff886c9 Overview BACK Bunnings The 2018 financial year was one of significant change for Wesfarmers, review financial Operating and withContinued decisive growthactions intaken to reposition the Group’s portfolio to deliver 2018 YEAR earnings and sales delivered sustainable growth in earnings and improved shareholder returns. through strong execution of customer-focused strategy IN REVIEW Divisional performance 26 Sustainability Bunnings 2018 2017 Revenue $m 12,544 11,514 Earnings before interest and tax $m 1,504 1,334 SegmentColes assets Department$m 5,025 4,846 SegmentCustomer liabilities metrics, Stores$m 1,875 1,785 Capitalsales employed momentum (R12) Record$m earnings 3,045 3,192 Returnand on capitalearnings employed (R12) delivered% 49.4for the 41.8 Capital expenditure $m 497 367 performance year Governance Colesimproved over 2018 2017 Revenuethe year $m 39,388 39,217 Earnings before interest and tax $m 1,500 1,609 Segment assets $m 21,180 21,140 Segment liabilities $m 4,561 4,245 DIVIDENDS GOVERNMENT TAXES PAYMENTS TO Capital employed (R12) $m 16,386 16,586 PER SHARE AND ROYALTIES SUPPLIERS Return on capital employed (R12) % 9.2 9.7 Capital32 expenditure $m 762 811 report Directors’ Department Stores 20181 2017 $2.23 $ 2.1B $47.2B RevenueOfficeworks $m 8,837 8,528 Earnings before interest and tax $m 660 543 Continued Segmentgrowth assets through a $m 3,617 3,928 Segment liabilities 40$m 1,482 1,423 Capitalrelentless employed (R12) focus on $m 2,013 2,253 Returnprice, on capital range employed (R12)and % 32.8 24.1 Capitalservice expenditure $m 293 222 LARGEST PRIVATE SALARIES AND COMMUNITY Industrials statements Financial SECTOR EMPLOYER WAGES CONTRIBUTIONS Officeworks Increased2018 earnings2017 Revenue from$m continuing 2,142 1,964 Earnings before interest and tax $m 156 144 operations 217K $9.3B $148M Segment assets $m 1,452 1,401 Segment liabilities $m 532 488 TEAM MEMBERS Capital46 employed (R12) $m 939 980 Return on capital employed (R12) % 16.6 14.7 Capital expenditure $m 45 36 reports Signed IndustrialsSustainability (including Curragh mine) 2018 2017 DEMERGER OF DIVESTED CURRAGH ROB SCOTT BECAME Revenue $m 5,269 5,161 Improvements in COLES PROPOSED COAL MINE AND WESFARMERS’ EIGHTH Earningssafety, before interestemissions and tax $m 867 915 Segment assets $m 3,500 4,229 HOMEBASE MANAGING DIRECTOR Segmentintensity, liabilities ethical $m 758 1,125 Capitalsourcing employed (R12) and $m 3,295 3,393 Returncommunity on capital employed (R12) % 26.3 27.0 Capitalcontributions expenditure $m 167 169 ASX information and Shareholder 1 The 2018 earnings before interest and tax for Department Stores excludes Target’s pre-tax non-cash impairment of $306 million. 58 50 2 Wesfarmers 2018 Annual Report Wesfarmers 2018 Annual Report 37 WorldReginfo - d3a92f54-2182-4dea-a8ec-9fcd9ff886c9 Overview BACK GROUP STRUCTURE The 2018 financial year was one of significant change for Wesfarmers, review financial Operating and with decisive actions taken to reposition the Group’s portfolio to deliver sustainable growth in earnings and improved shareholder returns. THE PRIMARY OBJECTIVE OF Divisional performance Sustainability Bunnings 2018 2017 WESFARMERS IS TO PROVIDE Revenue $m 12,544 11,514 Earnings before interest and tax $m 1,504 1,334 Segment assets $m 5,025 4,846 Segment liabilities $m 1,875 1,785 A SATISFACTORY RETURN TO Capital employed (R12) $m 3,045 3,192 RETAIL Return on capital employed (R12) % 49.4 41.8 Capital expenditure $m 497 367 OTHER Governance SHAREHOLDERS BUNNINGS COLES DEPARTMENT STORES OFFICEWORKS INDUSTRIALS CORPORATE Coles BUSINESSES2018 2017 Revenue $m 39,388 39,217 Earnings before interest and tax $m 1,500 1,609 Segment assets Chemicals, $m 21,180 21,140 Industrial & BWP Trust BunningsSegment liabilitiesColes* Kmart Target Officeworks Energy and $mResources 4,561 4,245 Safety (24.8%) We believe it is only possible to achieve this over the long term by: Capital employed (R12) Fertilisers $m 16,386 16,586 Return on capital employed (R12) % 9.2 9.7 Capital expenditure Kmart Tyre $m 762Gresham 811 Coles and Auto CSBP Blackwoods Curragh* Partners report Directors’ Online Department Stores Service* 2018(50%)1 2017 anticipating the needs looking after our engaging fairly with Revenue $m 8,837 8,528 of our customers and team members our suppliers, and Earnings before interest and tax $m Wespine660 543 Coles Australian Workwear Bengalla* Industries Segment assetsExpress Vinyls Group $m (40%) 3,617 3,928 delivering competitive and providing a sourcing ethically (50%) goods and services safe, fulfilling work and sustainably Segment liabilities $m 1,482 1,423 Capital employed (R12) $m 2,013 2,253 Australian environment Return on capitalVintage employed (R12) Gold % 32.8 24.1 Coregas Capital expenditureCellars Reagents $m 293 222 (75%) statements Financial Officeworks 2018 2017 Revenue First Queensland $m 2,142 1,964 Choice Nitrates Greencap Earnings before interest and tax $m 156 144 Liquor (50%) supporting the taking care of the acting with integrity Segment assets $m 1,452 1,401 communities in environment and honesty in all of Segment liabilities $m 532 488 NZ Safety Capital employedLiquorland (R12) EVOL LNG $m 939 980 which we operate our dealings Return on capital employed (R12) Blackwoods % 16.6 14.7 Capital expenditure $m 45 36 reports Signed Spirit Industrials (including Curragh mine) Kleenheat 2018 2017 Hotels Revenue $m 5,269 5,161 Earnings before interest and tax $m 867 915 Segment assets $m 3,500 4,229 Coles Quadrant Segment liabilitiesFinancial Energy* $m 758 1,125 Capital employedServices (R12) (13.2%) $m 3,295 3,393 Return on capital employed (R12) % 26.3 27.0 Capital expenditure $m 167 169 ASX information and Shareholder 1 The 2018 earnings before interest and tax for Department Stores excludes Target’s pre-tax non-cash impairment of $306 million. * In March 2018, Wesfarmers announced its intention to demerge Coles and the completion of the sale of the Curragh coal mine. In August 2018, Wesfarmers announced that it had entered into agreements to sell Kmart Tyre and Auto Service, its 40 per cent interest in Bengalla, and its indirect interest in Quadrant Energy. 4 Wesfarmers 2018 Annual Report Wesfarmers 2018 Annual Report 57 WorldReginfo - d3a92f54-2182-4dea-a8ec-9fcd9ff886c9 Overview Overview BACK The 2018 financial year was one of significant change for Wesfarmers, review financial Operating and PERFORMANCE with decisive actions taken to reposition the Group’s portfolio to deliver OVERVIEW sustainable growth in earnings and improved shareholder returns. CREATING WEALTH AND ADDING VALUE $47.2b Payments to suppliers $9.3b Employees (salaries, wages and other benefits) Divisional performance Sustainability $2.1b Government (taxes and royalties) Bunnings 2018 2017 1 Wealth creation Value
Load more

Recommended publications
  • Annual Report and Financial Statements 2018 Sainsbury’S Group Helping Customers Live Well for Less Has Been at the Heart of What We Do Since 1869
    Live Well For Less Annual Report and Financial Statements 2018 Sainsbury’s Group Helping customers live well for less has been at the heart of what we do since 1869. We employ over 185,000 colleagues who work hard every day to make our customers’ lives easier and to provide them with great products, quality and service whenever and wherever it is convenient to access them. Food Our strategic focus is to help 608 our customers live well for less. Sainsbury’s supermarkets We offer customers quality and convenience as well as great value. Our distinctive ranges and innovative 102 partnerships differentiate stores offering Same Day our offer. More customers delivery to 40 per cent are shopping with us than of the UK population ever before and our share of customer transactions has increased. See more on page 12 General Merchandise 191 and Clothing Argos stores in Sainsbury’s We are one of the largest general supermarkets merchandise and clothing retailers in the UK, offering a wide range of products across our Argos, Sainsbury’s Home and 16 Habitat brands, in stores and Habitat stores and online. We are a market leader in Click & Collect available toys, electricals and technology in over 2,300 locations and Tu clothing offers high street style at supermarket prices. See more on page 14 Financial Services Financial Services are an 3.9m integral part of our business. Active customers Sainsbury’s Bank offers at Sainsbury’s Bank and accessible products such as Argos Financial Services credit cards, insurance, travel money and personal loans that reward loyalty.
    [Show full text]
  • 2015 Full-Year Results Supplementary Information 1984 KB
    2015 Full-Year Results Supplementary Information Thursday, 20 August 2015 (to be read in conjunction with 2015 the Full-Year Results Briefing Presentation) Presentation outline Item Page Coles 3 Home Improvement & Office Supplies 7 Kmart 13 Target 17 Chemicals, Energy & Fertilisers 22 Resources 29 Industrial & Safety 40 Balance Sheet & Cash Flow 43 2015 Full-Year Results | 2 Coles John Durkan Managing Director Coles network As at 30 June 2015 Selling Area Supermarkets (sqm) 1,749,840 6 7 11 Liquor (sqm) – ex 209,490 hotels 159 228 77 91 112 5 73 125 776 Supermarkets 56 35 7 46 858 Liquor stores 244 271 1 90 Hotels 211 181 662 Convenience 204 205 16 15 Coles 2015 Full-Year Results | 4 Store network movements Open at 30 Open at 30 Opened Closed Re-branded June 2014 June 2015 Supermarkets Coles 745 25 (10) 11 771 Bi-Lo 17 - (1) (11) 5 Total Supermarkets 762 25 (11) - 776 Liquor 1st Choice 98 5 (3) - 100 Vintage Cellars 77 5 (3) - 79 Liquorland 656 46 (23) - 679 Hotels 90 1 (1) - 90 Total Liquor 921 57 (30) - 948 Convenience 642 22 (2) - 662 Coles 2015 Full-Year Results | 5 Revenue reconciliation 2015 2014 Food & Food & Year end 30 June ($m) Convenience Total Convenience Total Liquor Liquor Segment revenue 30,784 7,417 38,201 29,220 8,171 37,391 (Gregorian)1 Less: Other revenue (279) (13) (292) (252) (12) (264) Headline sales 30,505 7,404 37,909 28,968 8,159 37,127 (Gregorian) Plus: Gregorian (75) (18) (93) (72) (22) (94) adjustment2 Headline sales revenue 30,430 7,386 37,816 28,896 8,137 37,033 (Retail)3 1 Segment revenue for Food & Liquor includes property revenue for 2015 of $29 million & for 2014 of $26 million.
    [Show full text]
  • Annual Information Form for the Financial Year
    ANNUAL INFORMATION FORM FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2014 March 20, 2015 i TABLE OF CONTENTS EXPLANATORY NOTES ............................................................................................................................................ 1 Forward-Looking Statements .................................................................................................................................... 1 Trademarks ................................................................................................................................................................ 2 CORPORATE STRUCTURE ....................................................................................................................................... 2 Name, Address and Incorporation ............................................................................................................................. 2 Intercorporate Relationship ....................................................................................................................................... 2 GENERAL DEVELOPMENT OF THE BUSINESS .................................................................................................... 3 History ....................................................................................................................................................................... 3 THE BUSINESS ..........................................................................................................................................................
    [Show full text]
  • Habitat Ltd, Furniture and Household Goods Manufacturer and Retailer: Records, Ca
    V&A Archive of Art and Design Habitat Ltd, furniture and household goods manufacturer and retailer: records, ca. 1960 – 2000 1 Table of Contents Introduction and summary description ................................................................ Page 4 Context .......................................................................................................... Page 4 Scope and content ....................................................................................... Page 4 Provenance ................................................................................................... Page 5 Access ......................................................................................................... Page 5 Related material .......................................................................................... Page 5 Detailed catalogue ................................................................................ Page 6 Corporate records .............................................................................................. Page 6 Offer for sale by tender, 1981 ................................................................................................ Page 6 Annual Reports and Accounts, 1965-1986 ............................................................................. Page 6 Marketing and public relations records ............................................................. Page 7 Advertising records, 1966-1996 ............................................................................................
    [Show full text]
  • Dear Stephen Please Find Attached Our Responses to the Questions On
    From: Josh Cullinan Sent: Thursday, 31 August 2017 3:41 PM To: Palethorpe, Stephen (SEN) Cc: Rusjakovski, Natasha (SEN) Subject: Questions on Notice - RAFFWU Dear Stephen Please find attached our responses to the Questions on Notice to the union. Firstly, the correspondence sent by SDAEA to a member regarding not ceasing payroll deductions. Secondly, the roster analysis for members working at Coles and Woolworths who appeared on Friday. We note McDonald’s analysis was included in our original submission. In addition, we have prepared a simple analysis of the current paid rates at a number of employers for the “typical roster” described by SDAEA in its submission of August 2005 in relation to AWAs. Finally, we identified an error in our wage table for Coles Liquor group as there had been a further wage increase under the Agreement. The amended wage tables are also attached. Kind regards Josh Cullinan Secretary Retail and Fast Food Workers Union www.raffwu.org.au Advice SDA to Resignees From: SDA Victoria Admin <[email protected]> Sent: Wednesday, 21 June 2017 2:05 PM To: Liam Mansbridge Subject: RE: Membership Cancellation Hi Liam, Thank you for your email. Your cancellation request will be duly processed. If you is still working, please instruct your payroll department to stop the fee deductions from your wages as we have no authority to do so. Kind regards Paul Stephenson Administration Officer Shop, Distributive & Allied Employees' Association – Victorian Branch Level 3, 65 Southbank Boulevard, Southbank VIC 3006 P: (03) 9698 1400 E: [email protected] W: www.sdavic.org From: Liam Mansbridge [mailto:[email protected]] Sent: Wednesday, 21 June 2017 1:01 PM To: SDA Victoria Subject: Membership Cancellation Hello, I would like to cancel my SDA membership.
    [Show full text]
  • 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]
  • COMPANY INTRODUCTION Coles Group Ltd (CGL) Is Australia's
    COMPANY INTRODUCTION Coles Group Ltd (CGL) is Australia’s dominant retailing company with an estimated market share of more than 20 percent of all retail sales in Australia. Its major businesses include Australia’s largest department store chain, largest grocery-supermarket chain, and the largest discount chains. In addition, it is a major player in food and liquor retailing, office supplies and apparel. The Product Portfolio of Coles Group include – (Source: Goggle Images viewed on 6th January 2007) - 1 - Food and Liquor: The Food division includes full-line Coles Supermarkets, Bi-Lo discount Supermarkets which are increasingly being merged into Coles supermarkets. The Liquor division includes First Choice Liquor Superstores, Liquorland, Vintage Cellars and Liquorland Hotel Group. Liquorland also operates an online liquor shopping service, Liquorland Direct. (Source: www.coles.com.au) Kmart: Kmart offers an extensive range of products such as apparel, toys, sporting goods, bedding, kitchenware, outdoor furniture, barbecues, music, video, car care, electrical appliances and Kmart Tyre & Auto Service business. Kmart operates 185 stores and 275 Kmart Tyre & Auto Service sites across Australia and New Zealand. (Source: www.coles.com.au) Target: Target has an extensive range of apparel and accessories, home wares, bed linen and décor, cosmetics, fragrances, health and beauty products and a full range of toys, games and entertainment. Target has 259 stores located across Australia. (Source: www.coles.com.au) Officeworks: Officeworks caters specifically for the needs of small to medium businesses, home offices and students, with over 7,000 office products all under one roof, located in 95 stores across Australia. (Source: www.coles.com.au) Coles Express: CML has a network of 599 Coles Express locations across Australia in an alliance with Shell.
    [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]
  • Prospectus Dated 5 July 2016
    This document comprises a prospectus (the ‘‘Prospectus’’) for the purposes of Article 3 of EU Directive 2003/71/EC, as amended (the ‘‘Prospectus Directive’’) relating to the New Sainsbury’s Shares and has been prepared in accordance with the Prospectus Rules of the Financial Conduct Authority (the ‘‘FCA’’) made under section 73A of the Financial Services and Markets Act 2000 (the ‘‘FSMA’’). The Prospectus will be made available to the public in accordance with the Prospectus Rules. The directors of J Sainsbury plc (‘‘Sainsbury’s’’ or the ‘‘Company’’), whose names appear on page 44 of this Prospectus, and the Company accept responsibility for the information contained in this Prospectus. To the best of the knowledge of the Company and the Sainsbury’s Directors (each of whom has taken all reasonable care to ensure that such is the case), the information contained in this Prospectus is in accordance with the facts and contains no omission likely to affect the import of such information. Investors are advised to examine all the risks that might be relevant in connection with the value of an investment in the New Sainsbury’s Shares. Investors should read the entire Prospectus (including the documents, or parts thereof, incorporated by reference) and, in particular, the section headed ‘‘Risk Factors’’ for a discussion of certain factors that should be considered in connection with an investment in the Company, the Combined Group, the existing Sainsbury’s Shares and the New Sainsbury’s Shares. J SAINSBURY PLC (incorporated under the Companies
    [Show full text]
  • Investment Conference Philosophy, Performance and Direction
    Investment Conference Philosophy, Performance and Direction Citigroup – London Goldman Sachs JBWere – New York March 2007 Discussion Pack 1 Index 1 Philosophy, Performance and Direction 3 2 Sustainable Performance is driven by the Wesfarmers Model 8 3 Group Overview 16 4 2007 Half Year Results 20 Operating Divisions 30 Home Improvement 31 Coal 35 5 Insurance 40 Industrial & Safety 45 Chemicals & Fertilisers 49 Energy 53 Other Businesses 58 6 Capital Management 61 7 Investor Relations Contacts and Information 63 2 Philosophy, Performance and Direction Satisfactory returns to shareholders 1 Enhance the performance of existing businesses run our businesses at “best practice” 2 Expand existing businesses as opportunities allow 3 Manage the portfolio and balance sheet in order to enhance shareholder value 4 Pursue sustainability in both financial and non-financial terms 4 Satisfactory returns to shareholders Recent and current actions Capital Projects Curragh North Kwinana AN2 Kwinana LNG Bunnings rollout Acquisitions OAMPS Linde Aust. (Coregas) Crombie Lockwood 5 Resulting in increasing returns EPS Share (cents) Price(A$) 40.00 350 35.00 30.00 250 25.00 20.00 150 15.00 10.00 50 5.00 0.00 -50 -5.00 86 87 939291908988 94 95 96 97 98 99 00 01 02 03 04 05 06 1H07 EPS (AIFRS) EPS (AGAAP) Girrah EPS Landmark EPS ARG EPS Wesfarmers Share Price $1,000 invested on listing is now worth around $165,000… compared to a market return of around $18,000 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 WES TSR - since listing All Ordinaries
    [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]