Boots Group PLC Annual General Meeting

1
Boots Group PLCAnnual General Meeting
Thursday 22nd July 2004
2
Boots Group PLCAnnual General Meeting
Thursday 22nd July 2004
3
Sir Nigel Rudd

• Chairman

4
(No Transcript)
5
Richard Baker

• Chief Executive

6
Agenda

• Financial highlights 2003/04
• Quarter 1 trading update
• Boots Healthcare International update
• Investing to make Boots The Chemists more
• Modern
• Competitive
• Efficient

7
Financial Highlights 2003/04

• Sales 5.3bn - up 5 from continuing operations
• Operating profit 550m - up 6 from continuing
  operations
• Earnings per share 48.2p - up 7 on a
  pre-exceptional basis
• Dividend 29.8p - up 4

8
Quarter 1 Trading Update

• Boots The Chemists sales up 5.4 - 4.4 like for
  like
• Healthcare up 6.7
• Beauty Toiletries up 4.6
• Lifestyle up 4.0
• Gross margin in line with guidance
• Boots Healthcare International sales up 3.5
  (local currency)

9
Boots Healthcare International

• Four year plan in place
• Sales growth - twice market rate
• Operating profit - 100m by March 2006
• On track

10
Accelerating change in Boots The Chemists

• Modern
• Competitive
• Efficient

11
Modernising Boots

• Convenience
• Right stores
• Right places

12
Modernising Boots - Convenience

• Longer opening hours
• Faster pharmacies
• Clearer signage
• Product availability
• Tackling queues - 9,000 new tills

13
Modernising Boots - Right stores

• Space rebalance
• new beauty halls
• new dispensaries
• bigger baby and gift ranges
• More investment in maintenance

14
Modernising Boots - Right places

• Edge of Town
• 40 new stores planned in 2004/05
• New in town locations and healthcentres
• 20 new stores planned in 2004/05

15
Making Boots more competitive

• Expert people
• Products only at Boots
• Improving value for money

16
Making Boots more competitive - expert people

• Simplified objectives
• New uniforms
• Improved communication

17
Making Boots more competitive - products only at
Boots

• Differentiation
• Innovative products and services
• Attractive margins

18
Making Boots more competitive - products only at
Boots
19
Making Boots more competitive - Lower Prices
Youll Love - Here to Stay
20
Making Boots more efficient
21
Making Boots more efficient

• Getting in Shape
• leaner organisation
• faster decisions
• lower cost

22
Making Boots more efficient

• Getting in Shape
• leaner organisation
• faster decisions
• lower cost
• Making IT Easy
• replacing all core systems

23
Making Boots more efficient

• Getting in Shape
• leaner organisation
• faster decisions
• lower cost
• Making IT Easy
• replacing all core systems
• Store Friendly Supply Chain
• new working practices
• quicker, cheaper, less complex

24
Summary

• Significant operational agenda
• Management focused and disciplined with clear
  plans
• Make Boots a strong and valuable business for our
  shareholders

25
(No Transcript)
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Resolutions
27
Resolution 1
To receive the directors reportand annual
accounts and theauditors report thereon
28
Resolution 1
Postal Proxy Voting
no.

355,660,132
99.93
For
0.07
233,042
Against
355,893,174
Total
(46.82 of total shares)
8,430,853
Abstentions
(1.11 of total shares)
29
(No Transcript)
30
Resolution 2
To approve the directors remuneration report
31
Resolution 2
Postal Proxy Voting
no.

336,062,404
95.52
For
4.48
15,772,936
Against
351,835,340
Total
(46.29 of total shares)
5,681,635
Abstentions
(0.75 of total shares)
32
(No Transcript)
33
Resolution 3
To declare a final dividend
34
Resolution 3
Postal Proxy Voting
no.

364,274,730
99.99
For
0.01
22,051
Against
364,296,781
Total
(47.93 of total shares)
27,013
Abstentions
(0.004 of total shares)
35
(No Transcript)
36
Resolution 4
To reappointMme H Ploixas a director
37
Resolution 4
Postal Proxy Voting
no.

359,437,602
99.72
For
0.28
998,386
Against
360,435,988
Total
(47.42 of total shares)
3,888,039
Abstentions
(0.51 of total shares)
38
(No Transcript)
39
Resolution 5
To reappointDr M P Read as a director
40
Resolution 5
Postal Proxy Voting
no.

363,140,131
99.78
For
0.22
812,861
Against
363,952,992
Total
(47.88 of total shares)
371,035
Abstentions
(0.05 of total shares)
41
(No Transcript)
42
Resolution 6
To reappointMr R A Bakeras a director
43
Resolution 6
Postal Proxy Voting
no.

363,437,690
99.82
For
0.18
670,968
Against
364,108,658
Total
(47.90 of total shares)
214,561
Abstentions
(0.03 of total shares)
44
(No Transcript)
45
Resolution 7
To reappointMr G N Dawsonas a director
46
Resolution 7
Postal Proxy Voting
no.

361,560,254
99.82
For
0.18
667,082
Against
362,227,336
Total
(47.66 of total shares)
2,096,691
Abstentions
(0.28 of total shares)
47
(No Transcript)
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Resolution 8
To reappointMr T C Parkeras a director
49
Resolution 8
Postal Proxy Voting
no.

359,688,050
99.79
For
0.21
759,696
Against
360,447,746
Total
(47.42 of total shares)
3,876,281
Abstentions
(0.51 of total shares)
50
(No Transcript)
51
Resolution 9
To reappointthe auditors
52
Resolution 9
Postal Proxy Voting
no.

343,864,846
97.56
For
2.44
8,594,490
Against
352,459,336
Total
(46.37 of total shares)
4,367,642
Abstentions
(0.57 of total shares)
53
(No Transcript)
54
Resolution 10
To authorise the directorsto determine the
remunerationof the auditors
55
Resolution 10
Postal Proxy Voting
no.

355,507,019
98.78
For
1.22
4,404,813
Against
359,911,832
Total
(47.35 of total shares)
4,411,802
Abstentions
(0.58 of total shares)
56
(No Transcript)
57
Resolution 11
To authorise the directors toallot unissued
share capital
58
Resolution 11
Postal Proxy Voting
no.

352,672,167
98.89
For
1.11
3,946,361
Against
356,618,528
Total
(46.92 of total shares)
208,467
Abstentions
(0.03 of total shares)
59
(No Transcript)
60
Resolution 12
To authorise the directors to allot shares for
cash
61
Resolution 12
Postal Proxy Voting
no.

355,434,834
99.67
For
0.33
1,185,923
Against
356,620,757
Total
(46.92 of total shares)
206,238
Abstentions
(0.03 of total shares)
62
(No Transcript)
63
Resolution 13
To authorise market purchases of the companys
own shares
64
Resolution 13
Postal Proxy Voting
no.

363,859,940
99.91
For
0.09
342,010
Against
364,201,950
Total
(47.92 of total shares)
122,077
Abstentions
(0.02 of total shares)
65
(No Transcript)
66
(No Transcript)
67
(No Transcript)