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Wesfarmers Provides Presentation at 2022 Strategy Briefing Day

02 Jun 2022  |  07:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2022 Strategy Briefing Day presentation

Wesfarmers provided a presentation at 2022 strategy briefing day. The Company's portfolio has expanded and strengthened, with a focus on essential products for consumers and industry. It is well positioned for the post-COVID environment, having strengthened the capabilities of existing divisions and with new platforms for future growth. Its retail divisions are well equipped to manage inflationary pressures and view this as an opportunity to profitably grow share while extending value credentials. Net financial debt was $2.6b at 31 December 2021. It is expecting FY 2022 net capital expenditure of $900m to $1,000m. It continued construction of the Mt Holland lithium mine, concentrator and Kwinana refinery, and progress expansion study.

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