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F21 Full Year Results Presentation

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F21 Full Year Results Presentation togetherLive better COMPANY RESULTS FULL YEAR 2021 COMPANY RESULTS 2 Woolworths Group purpose FULL YEAR 2021 What we mean by ‘we’ What we mean by ‘create’ What we mean by ‘experiences’ Our team and our partners We constantly innovate to The moments we create in store and make a positive impact on online for customers, communities and the lives of our customers shareholders, as we work together in and team our teams and with our partners We create better experiences together for a better tomorrow What we mean by ‘better’ What we mean by ‘together’ What we mean by ‘tomorrow’ We always look for ways to How we work in partnership, The plans we make and the improve for our customers, with each other, as well as actions we take today will have team communities and with our partners and a positive impact for partners communities generations to come Contents F21 GROUP SUMMARY & PROGRESS 4 Brad Banducci GROUP FINANCIAL RESULTS 13 Stephen Harrison BUSINESS PERFORMANCE UPDATE 27 CURRENT TRADING & OUTLOOK 47 Brad Banducci COMPANY RESULTS 4 Committed to operating COVIDSafe and showing COVIDCare FULL YEAR 2021 Established pop-up vaccination clinics at key food-related DCs in NSW and Victoria with assistance from Federal and State governments Provided up to eight hours of paid leave for full-time and part- time team members to receive vaccinations Enabled Government QR code check-in at our stores and support sites nationwide Established five testing facilities across Sydney DCs and CFCs, and rolledLaunched out contact and tracing progressed wristbands, 2025 Sustainability split shifts and Plan health screening for team members Scaled eCom and Priority Assistance to support our most vulnerable customers in lockdown COMPANY RESULTS 5 F21 summary FULL YEAR 2021 Focused on being COVIDSafe and showing COVIDCare to team Completed Endeavour Group demerger and laid the foundations for the new era of Woolworths Group Strong F21 trading performance with Group EBIT up 13.7%; continuing operations up 11.1% Increased capacity and improved experience fuelling eCom growth Launched and progressed 2025 Sustainability Plan COMPANY RESULTS 6 Working together to create a better tomorrow FULL YEAR 2021 People Planet Product Have a positive impact on Make a positive change to the future of our Ensure we leave the environment people and the planet through the people, our partners and our communities better off for future generations products and services provided Positive impact on our Holistic wellbeing of Net positive carbon emissions by 2050 Packaging is sustainable customers and communities our team Reduction in Direct community F21 Total recordable injury Tonnes of plastic Scope 1 and 2 27% investment frequency rate (TRIFR) removed from >2,500 $34.9m 12.08 emissions below baseline products in F21 Be a truly inclusive workplace 100% green Zero organic food Materially increase Own Brand sourcing electricity by 2025 waste to landfill by healthier choices is sustainable Ranked #1 2025 % by product sourced Power from Named Most Diverse & Inclusive Companies in from sustainable providers Refinitiv D&I Index solar Australia’s WGEA Employer of 113,238 Healthiest AWEI Gold Tier Status kW Tea 100% Choice citation for LGBTQ inclusion 31,480 Supermarket capacity installed Tonnes of organic Cocoa 100% waste diverted from Own Brand Coffee 100% First Nations by The George Institute ~5,000 team members landfill COMPANY RESULTS 7 Progress against key priorities (i) FULL YEAR 2021 1 2 3 Better Together for a Better Accelerate Digital, eCom and Differentiate our Food Tomorrow for our Customers, Convenience for our increasingly Customer Propositions Teams and Communities Connected Customers • Woolworths named Australia’s most valuable brand • Increased Home Delivery and Direct to boot • 26 net new stores and 75 Renewals completed in F21 (Brand Finance) and most trusted brand (Roy capacity supporting eCom growth of 63.3%1 in Australia and New Zealand Morgan) • Weekly traffic to Group’s digital assets1 up 40.5% • Tailored UP range rolled out to 31 Woolworths • Ranked #1 for third consecutive year in Australian to 17.2m driven by growth in apps; Cartology Supermarkets and launch of Community Top 100 Most Diverse & Inclusive Companies in advertising screens rolled out to 1,218 stores Supermarket in Cabramatta 2020 Refinitiv D&I Index • Announced plans for first automated online • Direct community investment of $34.9m including • Launched new eco supermarket in West End, Qld, fulfilment centre in Auburn, NSW; four Takeoff support for Salvation Army, Rural Aid, Foodbank, and first New Zealand 4 star Green Star rated store micro-fulfilment centres now operational in Lifeline via S.T.A.N.D in Richmond; enabling customers to shop greener Australia and New Zealand • >6,000 tonnes of plastic packaging removed since • New agile team formed to improve Fruit & Veg offer 2018; first renewable power purchase agreement • Everyday Rewards members increased to 13.1m with focus on farmgate to customer benchtop with NSW wind farm with continued growth in scan rates • More to do to embed the Woolworths brand refresh • More to do to increase eCom capacity and improve • More to do to build on diversity and inclusion agenda with the launch of ‘Today’s Fresh Food People’ across all parts of the business the customer experience 1 Continuing operations COMPANY RESULTS 8 Progress against key priorities (ii) FULL YEAR 2021 4 5 6 Stand up Evolve our Portfolio and Build Keep our Business COVIDSafe and Endeavour Group Strong Adjacencies Futureproof our E2E Operating Model • Separation work formally recommenced in • Material EBIT improvement from BIG W • Commenced discussions with the Government February following deferral due to COVID to support the national COVID vaccine rollout uncertainty • New businesses launched including Wpay, Greenstock and Woolworths at Work • Phase 1 of new workforce management solution • Partnership agreements completed and (RT3) rolled out to 165 stores implemented to facilitate separation • Completed strategic investment in PFD Food Services on 28 June following ACCC approval • Commenced building works on new Moorebank • Strong and experienced executive team National DC; announced new Sydney Fresh DC assembled, and Board appointments confirmed • Strengthened advanced analytics partnership with Quantium through increased shareholding to 75% • Launched new E2E pay processes program to • Successful separation in June 2021 from enhance pay process integrity Woolworths Group via demerger • More to do to manage COVID impacts on BIG W and deliver benefits from new businesses • More to do to support vaccine rollout and deliver • More to do to transition from ownership to benefits of supply chain investments partnership with Endeavour Group COMPANY RESULTS 9 Woolworths Group’s retail ecosystem FULL YEAR 2021 1 2 B2C Food B2B Food Our cornerstone retail food Expanding food businesses, famous for good into new customer food, prices and acts and segments, channels always convenient and markets 4 3 Platforms & Partners More Everyday Technology, digital and analytics Extending into complementary enabled retail platforms everyday categories and delivering value for Woolworths services to provide more Group and partners for our customers COMPANY RESULTS 10 Growing our retail ecosystem FULL YEAR 2021 B2C Food B2B Food More Everyday Retail Platforms Adapting store and product portfolio Organising around businesses to serve Partnering to grow our Everyday needs Setting up platforms with a focus on digital propositions, scaling eCom capacity and our B2B customers, and introducing ecosystem offering, enabling the delivery and data to power our businesses across introducing new services B2B digital platforms of personalised value the ecosystem for a seamless experience Continuing to scale eCom and Serving the B2B food service Increasing the Everyday Rewards Growing Digital, Data and Media deliver convenient ways to shop market and partner offers capabilities Evolving the offering of store Expanding the everyday needs Standing up Greenstock Building strong partnerships propositions offer Adapting products and delivering Accelerating the wholesale offer Extending our product and Evolving the logistics and personalised value for customers through Metro@Ampol services offer fulfilment offer COMPANY RESULTS F22 Group priorities FULL YEAR 2021 11 Leading in creating a Extending into new Reimagining today’s better tomorrow; growth adjacencies and fresh food people - our differentiating on markets stores, our services and sustainability our team support Activate Everyday for Connecting customers our customers; Scaling our retail with good food and bringing our customers platform businesses more everyday; more through curated seamless experience range and services and convenient services Contents F21 GROUP SUMMARY & PROGRESS 4 Brad Banducci GROUP FINANCIAL RESULTS 13 Stephen Harrison Group financial results Key balance sheet metrics Capital management framework Cash flow summary Capital expenditure Capital management Primary Connect transformation BUSINESS PERFORMANCE UPDATE 27 CURRENT TRADING & OUTLOOK 47 Brad Banducci Financial Results and Capital Management COMPANY RESULTS 14 F21 Group results summary FULL YEAR 2021 $ MILLION F21 F20 CHANGE Group before significant items Sales 67,278 63,675 5.7% EBIT 3,663 3,219 13.7% NPAT 1,972 1,602 22.9% Continuing operations before significant items Sales 55,694 53,080 4.9% EBIT 2,764 2,485 11.1% NPAT 1,504 1,249 20.1% Basic EPS - cents 119.6 99.5 20.2% Group after
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