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 GoyderManaging 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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