2017 Full-year Results Briefing Presentation

Thursday, 17 August 2017

Presentation outline

Item

Presenter

Page

Group Performance Overview

Richard Goyder

3

Group Balance Sheet & Cash Flow

Terry Bowen

10

Coles

John Durkan

18

Home Improvement

Michael Schneider

26

Department Stores

Guy Russo

37

Target

Guy Russo

39

Kmart

Ian Bailey

43

Officeworks

Mark Ward

47

Industrials

Rob Scott

51

Group Outlook

Richard Goyder

61

2017 Full-year results | 2

Group Performance Overview

Richard Goyder

Managing Director, Wesfarmers Limited

Financial overview Year ended 30 June ($m) Reported Variance to pcp (exc. significant items)1

Operating revenue $68.4b 3.7%

Earnings before interest & tax $4,402m 22.0%

Net profit after tax $2,873m 22.1%

Earnings per share (cps) 254.7 21.6%

Operating cash flow per share (wanos, incl. res shares) (cps) 374.1 25.0%

Return on equity (R12) 12.4% 2.8 ppts

Dividend per share (cps) 223 19.9%

1. 2016 excludes the following pre-tax (post-tax) amounts: $1,266m ($1,249m) non-cash impairment of Target; $850m ($595m) non-cash impairment of Curragh; & $145m ($102m) of restructuring costs & provisions to reset Target.

  • Record level of earnings & strong increase in return on equity, demonstrating the strength of the Group's conglomerate structure & focus on cash generation & capital efficiency

    • Significantly higher earnings from Industrials, primarily driven by Resources

    • Retail earnings above the prior year supported by continued strong momentum in BANZ, Kmart & Officeworks

  • Final dividend of $1.20 (fully-franked); full-year ordinary dividend of $2.23 per share, 19.9% above prior year

2017 Full-year results | 4

Wesfarmers Ltd. published this content on 17 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2017 23:51:06 UTC.

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