2017 Half-year Results Briefing Presentation To be held on Wednesday, 15 February 2017

Presentation outline

Item

Presenter

Page

Group Performance Overview

Richard Goyder

3

Group Balance Sheet & Cash Flow

Terry Bowen

8

Coles

John Durkan

14

Home Improvement

Michael Schneider

23

  • Australia & NZ Michael Schneider 26

  • UK & Ireland

PJ Davis 29

Department Stores

Guy Russo

35

- Target

Guy Russo

37

- Kmart

Ian Bailey

41

Officeworks

Mark Ward

45

Industrials

Rob Scott

49

Outlook

Richard Goyder

59

2017 Half-year results | 2

Group Performance Overview Richard Goyder

Managing Director Wesfarmers Limited

Financial overview

Half-year ended 31 December 2016

Reported

Variance to pcp

Operating revenue

$34,917m

4.3%

Earnings before interest & tax

$2,429m

15.1%

Net profit after tax

$1,577m

13.2%

Earnings per share (cps)

140.1

12.8%

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

234.9

9.8%

Return on equity1 (R12)

10.2%

20 bps

Interim dividend per share (cps)

103

13.2%

1 Excludes post-tax non-cash impairments of $1,844m relating to Target & Curragh recorded in the 2016 financial year.

  • Strong earnings growth for the half, with the results reflecting the benefits of the Group's conglomerate structure

  • Total retail earnings broadly in line with the prior corresponding period, with very strong results for Bunnings Australia & New Zealand (BANZ), Kmart & Officeworks

  • Industrials division reported significantly higher earnings, primarily driven by Resources

  • Cash flow management a highlight; balance sheet further strengthened

  • Interim dividend of $1.03 per share, an increase of 13.2%

2017 Half-year results | 4

Wesfarmers Ltd. published this content on 15 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 February 2017 21:58:08 UTC.

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