date:Mar 25, 2014
previous years and ongoing deflation, states CEO Ian Morrice.
Total capex estimated to peak at between $150m to $180m in 2015 reducing to $130m -$150m in 2016 and 2017.
Costs of transformation plan include:
$100m-$125m for the Metcash Food and Grocery transformation.
$160m-$180m for supply chain.
$15m-$20m towards digital
$85m-$130m for other discretionary capex.
Funding for the plans will be generated through further working capital improvements, a reduction of Dividend Payout Ratio to 60