WESFARMERS SUSTAINABILITY REPORT 2018

Other businesses

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A BWP Trust development in Harrisdale, Western Australia

Wesfarmers also holds investments in the following companies which are not included in the information on this website (except to the extent specifically identified on the relevant page). 

COLES

Coles is a leading Australian retailer which sells everyday products including fresh food, groceries, household goods, liquor, fuel and financial services via its national store networks and online platforms. Following the demerger of the Coles division from Wesfarmers on 28 November 2018 and its listing as a standalone company on the Australian Securities Exchange, Wesfarmers became a significant shareholder in Coles Group Limited,  holding 15 per cent of the total shares on issue as at 30 June 2019.

For more information on Coles’ performance during the year, please visit www.colesgroup.com.au.

FLYBUYS

Wesfarmers owns a 50 per cent shareholding in leading loyalty and data company flybuys, with Coles Group Limited holding the other 50 per cent. Formerly part of Coles, following the demerger in November 2018, the flybuys business was set up as an independent, standalone business.

As at 30 June 2019, there were 6.6 million active households in the flybuys loyalty scheme. For more information on flybuys, please visit  www.flybuys.com.au.

BWP TRUST

The BWP Trust was established in 1998 with a focus on warehouse retailing properties and, in particular, warehouses leased to Bunnings. BWP Management Limited, the responsible entity for the Trust, is a wholly owned subsidiary of Wesfarmers Limited. Units in the Trust are listed on the Australian Securities Exchange and Wesfarmers holds, through a wholly owned subsidiary, 24.8 per cent of the total units issued by the Trust as at 30 June 2019.

The Trust’s portfolio as at 30 June 2019 consisted of a total of 75 properties. For more information on the Trust, please visit www.bwptrust.com.au.

GRESHAM PARTNERS

Wesfarmers has a 50 per cent shareholding in Gresham Partners Group Limited, the holding company for the Gresham Partners operations. Gresham is a leading independent financial services business with activities in corporate advisory, funds management, property, and capital solutions.

For more information on Gresham Partners, please visit www.gresham.com.au.

WESPINE INDUSTRIES

The 50 per cent-owned Wespine Industries operates a plantation softwood sawmill in Dardanup, Western Australia.

For more information on Wespine Industries, please visit www.wespine.com.au

QUEENSLAND NITRATES

The 50 per cent joint venture with Dyno Nobel Asia Pacific manufactures and supplies ammonium nitrate (AN) to the resources sector in the Bowen Basin coal fields.

For further information, please visit http://www.wescef.com.au/our-businesses/qnp.

KIDMAN RESOURCES LIMITED

On 23 May 2019, Wesfarmers announced that it had entered into a Scheme Implementation Deed with Kidman Resources Limited (Kidman) under which it is proposed that Wesfarmers will acquire 100 per cent of the outstanding shares in Kidman for $1.90 per share by way of Scheme of Arrangement. Kidman holds a 50 per cent interest in the Covalent Lithium joint venture.

The transaction was completed on 23 September 2019. Due to the timing of the acquisition and the restriction on access to the books and records of Kidman until after completion, sustainability-related information is not currently included on this portal.

CATCH GROUP HOLDINGS LIMITED

On 12 June 2019, Wesfarmers announced that it had entered into an agreement to acquire Catch Group Holdings Limited (Catch) for cash consideration of $230 million. Catch has an online business model offering branded products on a first-party basis and a third-party online marketplace. Its online operations are supported by a leading technology platform and data capabilities, and two fulfilment centres located in Victoria.

The transaction was completed on 12 August 2019. Due to the timing of the acquisition and the restriction on access to the books and records of Catch until after completion, sustainability-related information is not currently included on this portal.

For further information, please visit https://www.catch.com.au/.

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