Investor Presentaiton
Woolworths Group Full Year Results 2022
Woolworths Group capital management framework
Investment proposition
Capital allocation to
sustain business and
support shareholder returns
One of Australia's
leading and most
trusted brands
Leading market
position in Food &
Everyday Needs
Growth
opportunities in
eCom and
adjacencies
Cash generated by
operating activities
of $4.8b
Defensive
characteristics
through the cycle
Strong cash flow
from AUS and NZ
businesses
Strong operating cash flow generation
Sustaining capital
Adjusted cash realisation
ratio of 86%
Dividend per share of 92c,
up 1.1% on F21 (ex EDV)
Typically 70-75% dividend payout (fully-franked)
Free cash flow
Disciplined capital allocation
to manage free cash flow
Investment in growth
Organic and inorganic growth that
exceeds minimum return hurdles
Debt reduction
Improve credit quality and capacity
to invest for the future
Return excess capital
Special dividends or buy-backs
to distribute excess cash and
franking credits to shareholders
$525m on growth
projects
$1.6b refinanced
at lower rates
$2b share
buy-back
Solid investment grade credit rating
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