Analyst Presentation

1
foods
2
foods
turnover and growth
Comparable growth of 12.8 Inflation averaged
3.3 (Dec 03 inflation of 8.6)
3
foods
rlc market share

• Market share to Dec 04
• 12 month average
• this year 7.7
• last year 7.1
• 3 month moving average
• this year 7.9
• last year 7.4

4
foods
performance

• Increasingly becoming customers main shop
• More aggressive promotional strategy on key items
• Continued good food strategy
• Expansion of convenience offering (incl Engen)
• Emerging market customer starting to shop in
  greater depth

5
foods
the way forward

• Improve availability of core
• RDF system forecasting
• Catalogue and space planning system
• Food formats roll-out
• Extension of grocery offering
• Improve value perception
• New innovative products/ranges
• Bakery and meat - new thoughts