Investor Presentaiton
Contents
Woolworths Group is purpose-led;
our ambition is to create sustainable
value for all of our stakeholders
Annual Report 2023
Woolworths Group
Directors'
Report
Acknowledgement of Country
Woolworths Group acknowledges
the many Traditional Owners of the lands
on which we operate, and pay our
respects to their Elders past and present.
We recognise their strengths and enduring
connection to lands, waters and skies
as the Custodians of the oldest continuing
cultures on the planet.
We remain committed to actively contributing
to Australia's reconciliation journey through listening
and learning, empowering more diverse voices and
working together for a better tomorrow.
Woolworths Group reaffirms our support for the Uluru
Statement from the Heart, and its calls for a First Nations
Voice to Parliament enshrined in the Constitution.
As one of Australia and New Zealand's largest retailers,
we recognise the far-reaching impact we have on the
communities in which we serve and understand the
role we play in driving positive change.
Creating better experiences together
for a better tomorrow
1
highlights
Performance
2
review
Business
3
SECTION 1
Performance highlights
F23 highlights
Chair Report
CEO Report
How we work together
Our business model
10
Our value chain
12
246802
Delivering value for all of
our stakeholders
14
Group financial performance
22
SECTION 2
Business review
Australian Food
30
A
WooliesX
34
Australian B2B
36
New Zealand Food
38
BIG W
40
Addressing climate change
and nature together
Our pathway to net positive
Our material risks
246
42
46
60
4
Report
Financial
LO
Other
information
Disclaimer
This report contains forward looking statements,
including, but not limited to statements regarding:
trends in consumer preferences; commodity prices;
goals, targets, plans, strategies and objectives of
Woolworths Group; assumed near and long-term
scenarios and transition pathways; potential global
responses to climate change; regulatory and policy
developments; the development and uptake of certain
technologies; and the potential effect of possible future
events on the value of Woolworths Group.
The forward looking statements in this report are based
on management's good faith, current expectations
and reflect judgements, assumptions and estimates
and other information available as at the date of this
report. They are, by their nature, subject to significant
uncertainties, many of which are outside Woolworths
Group's control. Actual results, circumstances and
developments may differ materially from those expressed
in this report and readers are cautioned not to place
undue reliance on these forward looking statements.
Forward looking statements should therefore be read
in conjunction with, and are qualified by reference to the
expectations, judgements, assumptions, estimates and
other information and risk factors, referred to above.
About this report
The 2023 Annual Report provides a consolidated summary of Woolworths Group's performance for the
financial year ended 25 June 2023, as well as progress against our strategic agenda and Sustainability Plan
2025 to create long-term value for our stakeholders.
Our Directors' Report and Operating and Financial Review are featured on pages 2 to 73 of this report
and the information in these sections has been verified through the Group's internal verification process
The Remuneration Report on pages 76 to 99 and the Financial Statements on pages 101 to 170 have been
audited by Deloitte.
This report should be read in conjunction with the other reports that comprise the 2023 reporting suite, including:
2023
Subty Report
Halfway to 2025
2023
Sustainability
Report
2023
Wcworth
2023
Modem Savery Statement
Halfway to 2025
Accelerating for change
2023
Sustainability
Data Pack
2023 Modern
Slavery
Statement
2023
Corporate Governance Statem
2023 Corporate
Governance
Statement
The 2023 Woolworths Group reporting suite can be accessed online at:
www.woolworthsgroup.com.au/au/en//investors/our-performance/reports.html
SECTION 3
Directors' Report
Governance
66
Board of Directors
68
Group Executive Committee
71
Directors' Statutory Report
74
Remuneration Report
76
SECTION 4
Financial Report
Auditor's
Independence Declaration
100
Financial Report
101
Directors' Declaration
171
Independent Auditor's Report
172
SECTION 5
Other information
Shareholder information
176
Subleases
178
Glossary
179
Company directory
181View entire presentation