Wesfarmers : 2022 Half-year results briefing presentation

ersonal use only

2022 Half-year results briefing presentation

To be held on Thursday 17 February 2022

Presentation outline

	Item
only	Group performance overview
Financial performance
Bunnings
Kmart Group
use	Officeworks
	Chemicals, Energy and Fertilisers
	Industrial and Safety
ersonal	Group outlook

Presenter	Page
Rob Scott	3
Anthony Gianotti	9
Michael Schneider	17
Ian Bailey	22
Sarah Hunter	28
Ian Hansen	33
Tim Bult	37
Rob Scott	41

2022 Half-year results | 2

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Wesfarmers' primary objective is to provide

a satisfactory return to shareholders

We believe it is only possible to achieve this over the long term by:

Anticipating the needs of our	Looking after our team	Engaging fairly with our
customers and delivering	members and providing a safe,	suppliers and sourcing ethically
competitive goods and services	fulfilling work environment	and sustainably

Supporting the communities	Taking care of the environment	Acting with integrity and honesty
in which we operate		in all of our dealings

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Group purpose and long-term focus continue to inform our

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strategies

Good progress on sustainability agenda and additional investment supporting the wellbeing of team members and the community through lockdowns

$37m		70%		>2,600		140GWh		$2.5b
in team member		of operational waste		calls by team		new agreements for		in online sales
COVID-related		diverted from		members and family		annual renewable		across our
support		landfill		to our EAP1 service		electricity supply		retailers

>140,000		14.3%		3.4%		$28m		€600m
vaccinations		reduction in		Indigenous		in support of		sustainability-linked
delivered at		Scope 1 and		employment		community		bond after AUD
Bunnings sites		Scope 2 emissions2		parity re-gained		organisations		SLB3 issue in FY21

1. Employee assistance program.
2. Includes the impact of the scheduled ammonia plan shutdown. Excluding this impact, the Group's scope 1 and Scope 2 emissions reduced 9.5%.

3. Sustainability-linked bond.	2022 Half-year results | 4

Financial overview

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Half-year ended 31 December ($m)	2021	2020	Var %
Results excluding significant items1
Revenue	17,758	17,774	(0.1)
EBIT	1,905	2,171	(12.3)
NPAT	1,213	1,414	(14.2)
Basic earnings per share (cps)	107.3	125.0	(14.2)
Results including significant items1
NPAT		1,213	1,390	(12.7)
Basic earnings per share (cps)	107.3	122.9	(12.7)
		88	(9.1)
Interim ordinary dividend (fully-franked, cps)		80

• Solid financial result, despite the most significant disruptions to operating conditions since the onset of COVID
  - Highlights strength of the portfolio, and capacity of teams to rapidly adjust to meet customer demand
• Pleasing results from Bunnings and WesCEF, and continued improvement in Industrial and Safety
• Kmart Group and Officeworks results significantly impacted by COVID-related disruptions
• Around 34,000 store trading days, almost 20% of total store days, impacted by trading restrictions or closures
• COVID-relatedcosts of c.$80m during the period, around half of which related to team member payments
• Interim, fully-franked dividend of 80 cents per share

1. There were no significant items in 2021. Significant items in 2020 of $34 million pre-tax ($24 million post-tax) relate to Target store closures and conversions in Kmart Group.

2022 Half-year results | 5