Slides
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Annual Shareholders Meeting 15 May 2025
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PROXIES UNLEASHING OUR RETAIL FUTURE – A LOOK FORWARD TO THE NEXT 5 YEARS For Discretion Against Total Votes (% of issued capital) 4,947,303 970,892 13,734 5,931,149 83.40% 16.37% 0.23% 2.66% Resolution 2 Resolution 1 4,934,369 977,892 10,725 5,922,986 83.31% 16.51% 0.18% 2.66% Resolution 3 4,539,737 1,023,027 72,891 5,715,835 79.42% 17.90% 2.68% 2.57%
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Financial Performance Year Ended 26 January 2025
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GDP Growth (%) UNLEASHING OUR RETAIL FUTURE – A LOOK FORWARD TO THE NEXT 5 YEARS 0.4% -1.1% -1.1% 0.7% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% Qtr 1 Qtr 2 Qtr 3 Qtr 4
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0.6106 0.6310 0.5622 0.5948 0.50 0.52 0.54 0.56 0.58 0.60 0.62 0.64 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 NZD : USD USD
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4.0% 4.4% 4.6% 4.8% 5.1% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 UNEMPLOYMENT Unemployment (%)
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4.7% 4.0% 3.3% 2.2% 2.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Inflation (%)
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5.50% 5.25% 4.75% 4.25% 3.75% 3.50% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 OCR OCR (%)
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605 632 653 702 744 786 792 791.5 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 -0.06% Total Sales ($M)
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1.03% 0.52% -3.15% 0.96% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% Qtr 1 Qtr 2 Qtr 3 Qtr 4 QUARTERLY SALES GROWTH % Quarterly Sales Growth (%)
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43.73% 42.40% 42.97% 40.37% 38.00% 39.00% 40.00% 41.00% 42.00% 43.00% 44.00% 45.00% !st Half Full Year GROSS PROFIT % -76 basis points -203 basis points -0.06% Sales= Gross Profit %
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61.3 63.4 62.6 73.2 87.9 88.4 84.2 68.0 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 NPAT ($M)
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100.4 102.5 149.9 175.4 142.4 2020/21 2021/22 2022/23 2023/24 2024/25 CASH AND BANK BALANCES ($M) Cash and Bank Balances ($M)
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91.5 119.5 117.8 104.9 99.7 2020/21 2021/22 2022/23 2023/24 2024/25 INVENTORY ($M) Inventory ($M)
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Labour Turnover
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Investing In Our Store Team
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First Foundation Scholars Amy McAulay Emily O'Callaghan Vincent Van Lierop Paloma Torres Jade Savage Jayden McWilliam Ayla Wilson Matilda Paterson
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The investment we are making over the next few years is going to unlock a significantly improved retail experience for our customers. >$100M Capex
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More space in our stores will allow us to inspire our customers through stronger visual merchandising and storytelling
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New DC image
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We will have the ability to introduce more and more global brands with premium homewares and sportswear products that our customers are demanding and that other retailers can't stock
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FY26- The Current Year Projects FY26 Adobe Website New Drury DC Rebel FlagshipImpact Analytics
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FY27 DC Automation Projects FY27 Briscoes Flagship New Product Categories
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FY28 And Beyond Global Brands Metro Format Store Opportunity Projects FY28 Sales + Profit Growth
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Thank you