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Best Buy Investor and Analyst Day Wrap Up
 

Best Buy Investor and Analyst Day Wrap Up

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    Best Buy Investor and Analyst Day Wrap Up Best Buy Investor and Analyst Day Wrap Up Presentation Transcript

    • Darren Jackson Executive Vice President – Finance and Chief Financial Officer
    • Fiscal 2008 Color Commentary: Annual Guidance: • Q108 sales were on plan • Revenue of $39 billion led by the international • Comparable store sales business gain of 3% to 5% • Focusing on customers • EPS of $2.95 to $3.15 – Growing market share • Anticipated modest – Improving customer benefit to fiscal 2008 satisfaction scores earnings per diluted • Earnings growth in the back share as a result of the half of the year $3.0B accelerated share repurchase program
    • Building the Customer Franchise Key Initiatives: Reward Zone 22 million • Store operating model • Customer satisfaction 7 million follow-up and call backs 2006 Today • Winning with Women Customer Satisfaction 76 • Financial Services #1 Driver of Improvement: Quality of Interaction w ith • Best Buy Mobile Employees • International: Canada, 72 72 71 China 2003 2004 2005 2006 Source: American Customer Satisfaction Index Fourth Quarter Scores – 2/20/07 (www.theacsi.org)
    • Expanding the Growth Options 15% Revenue Growth Key Initiatives: CAGR ($ in billions) $35.9 • Build and launch $30.8 $27.4 $24.5 enterprise e-commerce $20.9 $17.7 infrastructure • 40% increase in U.S. FY02 FY03 FY04 FY05 FY06 FY07 Best Buy store footprint • 200 Pacific Sales stores Opportunities: – Women – Loyalty Programs • Best Buy For Business $380B – Financial Services $100B • Expanding Apple $110B $50B locations $120B • Services Market North China U.S. Small • International expansion Potential American Services Businesses CE Market Market sizes are internal estimates.
    • Increasing the Returns 21% Diluted EPS1 Improving our performance: CAGR $2.79 $2.27 • Accenture partnership $1.75 $1.44 • Supply chain $1.11 $1.07 • Financial services • Canada FY02 FY03 FY04 FY05 FY06 FY07 • Organic growth (services) 1 Pro-forma adjusted for FAS 123 expense +4 pts ROIC2 While Investing for the future: 22% 21% 20% 19% 17% • Core business 16% • Growth opportunities • Direct shareholder returns FY02 FY03 FY04 FY05 FY06 FY07 2Fiscal years 2002 thru 2005 have not been adjusted for FAS 123 expense
    • The Next Frontier Damaging to your health Confusing ting Irritaays rk s n’t w o oe This d lw at n’t a ou w ith th s Do e hat y do w it to do Supposed t wa n Over to 2 remo 0 make in th tes Overkill life easier is h o us e Do w S o ma e rea ny op t lly ions…. I can’t need decid e a ll t h is stu ff? It ys ht orked rig ro Wish it w t es ur box ut of the d yo in o Ironically inconvenient rk? hy won’t it wo a W br Frustrating