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
ersonal use only
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 |
2022 Half-year results | 3
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% | $28m | €600m | ||||
vaccinations | reduction in | Indigenous | in support of | sustainability-linked | ||||
delivered at | Scope 1 and | employment | community | bond after AUD | ||||
Bunnings sites | Scope 2 emissions2 | parity re-gained | organisations | SLB3 issue in FY21 | ||||
- Employee assistance program.
- Includes the impact of the scheduled ammonia plan shutdown. Excluding this impact, the Group's scope 1 and Scope 2 emissions reduced 9.5%.
3. Sustainability-linked bond. | 2022 Half-year results | 4 |
Financial overview
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Half-year ended 31 December ($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
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Wesfarmers Ltd. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 21:19:56 UTC.