Thursday, 17 August 2017
Presentation outlineItem | 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 OverviewRichard Goyder
Managing Director, Wesfarmers Limited
Financial overview Year ended 30 June ($m) Reported Variance to pcp (exc. significant items)1Operating 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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