Best Buy Finance MBA Recruiting Presentation 2010

BEST BUY CAMPUS RECRUITING

2010-2011

OUR COMPANY

Humble Beginnings

• Founded 1966 by Richard Schulze as “Sound of Music”

Forging New Paths

• Name changed to “Best Buy” in 1983, first superstore opens

• Listed on New York stock exchange in 1987

Reaching New Heights

• Best Buy entered Fortune 500 in 1995

• Achieved #1 U.S. market share in 1999

• Expanded into Canada in 2001, China in 2006

• Expanded relationship with The Carphone Warehouse and entered Europe in 2008

BEST BUY HISTORY

(click here for video)

http://www.youtube.com/user/bestbuy?blend=2&ob=4

http://www.youtube.com/user/bestbuy?blend=2&ob=4

180,000+ Employees Worldwide

BUILDING GLOBAL ASSETS

Stor

e Co

unt

Source: Fiscal 2011 Q1 store counts

Total U.S. Stores

1,207

1,081

80

35

6 5

US DOMESTIC FOOTPRINT

Canada

Mexico &Turkey

Sto

re C

ou

nt

Source: Per fiscal 2011 Q1 store counts, Canada includes 4 Best Buy mobile stores; Count includes 3 UK and 1 Turkey big box stores opened subsequent to Q1 reporting.

144

70

Total

214165

158

China

7

Total

UK / Europe

2,433

1,551

Total

879

37

INTERNATIONAL FOOTPRINT

Extended warranties, computer and home theater set-up/installation/repair and deliveries

Services

Washers & dryers, refrigerators, stoves, dishwashers and air conditioning products

Appliances

Video gaming hardware and software, DVDs and CDs

Entertainment Software

Computers (laptop & desktop), tablets, mobile phones, hard drives and printers

Home Office

TV, cameras, MP3 players, DVD players, audio equipment and GPS devices

Consumer Electronics

Main Products/ServicesRevenue Category

Extended warranties, computer and home theater set-up/installation/repair and deliveries

Services

Washers & dryers, refrigerators, stoves, dishwashers and air conditioning products

Appliances

Video gaming hardware and software, DVDs and CDs

Entertainment Software

Home Office

Consumer Electronics

Main Products/ServicesRevenue Category

OUR PRODUCTS

• Have Fun While Being the Best

• Learn from Challenge and

Change

• Show Respect, Humility and

Integrity

• Unleash the Power of Our People

OUR VALUES

CONNECTED WORLD STRATEGY

We anticipate that the world will become even more “connected” over the next

5 years• 240 million “connected” consumer electronic devices to be sold

per year by 2012• 4 times more profit generated “outside the device” than

through hardware sales

THE WORLD IS TRANSFORMING TO A CONNECTED WORLD

http://images.google.com/imgres?imgurl=http://minnesotagal.files.wordpress.com/2009/04/blackberry-8800-1.jpg&imgrefurl=http://minnesotagal.wordpress.com/2009/04/23/modern-day-jargon/&usg=__lYVzBam5OwixMpg7uUanzViUqkQ=&h=550&w=360&sz=80&hl=en&start=7&um=1&tbnid=4v5JBKnYOoU5pM:&tbnh=133&tbnw=87&prev=/images?q=blackberry&hl=en&rlz=1T4GGIH_enUS277US278&um=1

http://images.google.com/imgres?imgurl=http://news.cnet.com/i/bto/20071015/Napster4_logo_270x242.jpg&imgrefurl=http://news.cnet.com/newsblog/?keyword=Napster&usg=__Gt1gR1EVrgFhjL3ePnx54bXQBfo=&h=242&w=270&sz=8&hl=en&start=2&um=1&tbnid=ST0w9262OzItTM:&tbnh=101&tbnw=113&prev=/images?q=napster&hl=en&rlz=1T4GGIH_enUS277US278&sa=N&um=1

http://images.google.com/imgres?imgurl=http://magento-themes.joomlart.com/jm_purity/media/catalog/product/cache/1/image/5e06319eda06f020e43594a9c230972d/a/c/acer-ferrari-3200-notebook-computer-pc.jpg&imgrefurl=http://magento-themes.joomlart.com/jm_purity/acer-ferrari-3200-notebook-computer-pc.html&usg=__QjSO166joydl6mZgcBOqEm-WIPw=&h=1100&w=1100&sz=47&hl=en&start=13&um=1&tbnid=DDvKfT1J2qggpM:&tbnh=150&tbnw=150&prev=/images?q=pc&hl=en&rlz=1T4GGIH_enUS277US278&um=1



http://images.google.com/imgres?imgurl=http://blogs.pcworld.com/staffblog/archives/hulu_logo.jpg&imgrefurl=http://blogs.pcworld.com/staffblog/archives/005809.html&usg=__o0HRlS5Uk-3uEi_Sb_qXpXXdKzg=&h=106&w=286&sz=6&hl=en&start=4&um=1&tbnid=F_VYPWciijej3M:&tbnh=43&tbnw=115&prev=/images?q=hulu+logo&hl=en&rlz=1T4GGIH_enUS277US278&sa=N&um=1







Shareholder Value

Solving CustomersProblems

With World-Class Partners

To Create

CONNECTING CUSTOMERS TO TECHNOLOGY SOLUTIONS

http://images.google.com/imgres?imgurl=http://247wallst.files.wordpress.com/2009/03/apple-logo12.jpg&imgrefurl=http://247wallst.com/2009/03/05/&usg=__SAToyCNbuiLrreP5sdXEV952NOQ=&h=480&w=397&sz=22&hl=en&start=1&um=1&tbnid=HhYIr-Oz_5sLkM:&tbnh=129&tbnw=107&prev=/images?q=apple&hl=en&rlz=1T4GGIH_enUS277US278&um=1

http://welcome.hp.com/country/us/en/welcome.html

http://wireless.bestbuy.com/mobile/at&t_aircards.aspx?referringdomain=bestbuy3

http://www.google.com/imgres?imgurl=http://www.moldex3d.com/jla/en/images/stories/Success/Samsung/samsung-logo.jpg&imgrefurl=http://www.moldex3d.com/jla/en/index.php?option=com_content&task=blogcategory&id=93&Itemid=141&h=350&w=1048&sz=18&tbnid=rKGYtoQxBCy1CM:&tbnh=50&tbnw=150&prev=/images?q=samsung+logo&hl=en&usg=__c0Gs4kHC1zatLQS6RZ2S_tENxEc=&ei=cdwBS-HhL9X8nAfTvtSSCw&sa=X&oi=image_result&resnum=1&ct=image&ved=0CAcQ9QEwAA

http://www.google.com/imgres?imgurl=http://lapoderosaradio.net/images/directv_logo.jpg&imgrefurl=http://lapoderosaradio.net/events.php&h=500&w=547&sz=38&tbnid=Ga9VMU2OXgleGM:&tbnh=122&tbnw=133&prev=/images?q=directv+logo&hl=en&usg=__2hvBSeaP6e5lhxkAmwcSgZsKOSY=&sa=X&ei=bOYfTOO_I8rpnQfb0tWSDg&ved=0CA0Q9QEwAQ

http://www.google.com/imgres?imgurl=http://indolinkenglish.files.wordpress.com/2009/10/toshiba-logo-red.jpg&imgrefurl=http://indolinkenglish.wordpress.com/2009/10/14/jsw-energy-plans-expansion-ties-up-with-toshiba/&h=297&w=870&sz=48&tbnid=Ap38tmBbsXQuBM:&tbnh=50&tbnw=145&prev=/images?q=toshiba+logo&hl=en&usg=__U5N9AS1OiGipxm-avpE-mQyHbE4=&sa=X&ei=pekfTIKXKNW3nAfL7JGdDg&ved=0CAsQ9QEwAQ

http://www.google.com/imgres?imgurl=http://mystuffspace.com/graphic/xbox-logo.jpg&imgrefurl=http://mystuffspace.com/graphics/graphic/xbox-logo&h=420&w=500&sz=59&tbnid=2BmJd6y1ojVe7M:&tbnh=109&tbnw=130&prev=/images?q=xbox+logo&hl=en&usg=__1FcSR0ejqGddjlhShmJPqQvU_NQ=&sa=X&ei=1twgTMqzLoTlnAezw8xj&ved=0CAYQ9QEwAA

http://www.google.com/imgres?imgurl=http://sonyps4.com/wp-content/uploads/2009/08/playstation-logo.jpg&imgrefurl=http://sonyps4.com/playstation-4-ps4-vs-xbox-720/&h=249&w=300&sz=14&tbnid=XErZKzFTjYQ4tM:&tbnh=96&tbnw=116&prev=/images?q=playstation+logo&hl=en&usg=__C_cHAhDyjwQ4OGi2mFVBJA0Li7I=&sa=X&ei=AN0gTKaiCoShnQfY__BZ&ved=0CAgQ9QEwAQ

http://www.google.com/imgres?imgurl=http://www.cvsplumbing.com/images/frigidaire_logo_xhkx.jpg&imgrefurl=http://celeborn-amaradhipa.liveblogfree.eu/100418/p2/&h=384&w=518&sz=10&tbnid=P7TnSBN8cLO6MM:&tbnh=97&tbnw=131&prev=/images?q=frigidaire+logo&hl=en&usg=__Gd7VfgR0gbAMsg39F6ZdAmtU8nU=&sa=X&ei=Kd4gTPmXI53inQeMmvVy&ved=0CAkQ9QEwAA

http://www.google.com/imgres?imgurl=http://www.hotstocked.com/articles-img/small/GE_Logo.gif&imgrefurl=http://www.hotstocked.com/article/1166/general-electric-company-nyse-ge-feels-the-market-surge.html&h=717&w=720&sz=33&tbnid=SViwmWSto2w_AM:&tbnh=139&tbnw=140&prev=/images?q=GE+logo&hl=en&usg=__z7mRw2xALBuPl9QQh7fpuTZzXuk=&sa=X&ei=S94gTKv7KtSMnQf-7MR_&ved=0CA4Q9QEwBA

http://www.google.com/imgres?imgurl=http://www.greersappliance.com/images/logos/kitchenaid.jpg&imgrefurl=http://margaux-donnghal.trip0d.eu/10051602/almost-famous-poster/&h=90&w=180&sz=3&tbnid=YG-hNII5yniIGM:&tbnh=51&tbnw=101&prev=/images?q=kitchenaid+logo&hl=en&usg=__hRWLulVkF_bdSiYrdW2l3acV1o8=&sa=X&ei=k94gTKuZMJClnQeRx5R4&ved=0CA4Q9QEwAg

http://www.google.com/imgres?imgurl=http://www.superwash2.com/sitebuildercontent/sitebuilderpictures/maytag_logo_for_PC.gif&imgrefurl=http://www.superwash2.com/id8.html&h=300&w=1050&sz=17&tbnid=2Os1sKQ7pvTulM:&tbnh=43&tbnw=150&prev=/images?q=maytag+logo&hl=en&usg=__fCYH71P25iXZlxoiCYyIHCumW8g=&sa=X&ei=zd4gTNT1BufnnQf2zaRn&ved=0CAYQ9QEwAA

http://www.bestbuy.com/site/Mobile-Cell-Phones/TMobile/pcmcat208100050004.c?id=pcmcat208100050004

http://www.google.com/imgres?imgurl=http://upload.wikimedia.org/wikipedia/commons/2/21/Fender_logo_svg.png&imgrefurl=http://commons.wikimedia.org/wiki/File:Fender_logo_svg.png&h=306&w=800&sz=19&tbnid=zX6Eby_GIGVHsM:&tbnh=55&tbnw=143&prev=/images?q=fender+logo&hl=en&usg=__2lodD172ePMsjbgSF8nLlPSL5ng=&sa=X&ei=G98gTJfQNOrnnQfGpKVn&ved=0CAwQ9QEwAA

http://www.google.com/imgres?imgurl=http://www.dcrmusic.co.uk/images/casio%20logo.jpg&imgrefurl=http://www.astheygrowup.com/2009/08/get-cool-for-school-giveway-5.html&h=427&w=1894&sz=41&tbnid=yFQMiS8gdGWemM:&tbnh=34&tbnw=150&prev=/images?q=casio+logo&hl=en&usg=__Xxo667l_n8Qjjtr7bd_BWG2dCYk=&sa=X&ei=xN8gTMCRC-fnnQf2zaRn&ved=0CAgQ9QEwAA

http://www.google.com/imgres?imgurl=http://beijing2008olympicorchestra.com/joomla/images/photos/Zildjian_logo.jpg&imgrefurl=http://beijing2008olympicorchestra.com/joomla/index.php?option=com_content&task=view&id=56&Itemid=46&h=457&w=1073&sz=42&tbnid=_BGSKzl09-qhpM:&tbnh=64&tbnw=150&prev=/images?q=zildjian+logo&hl=en&usg=__Au7UinMLZklnSf0UCWt2LthKqPo=&sa=X&ei=DeAgTKbQIsvKnAfh64Rc&ved=0CAkQ9QEwAA

FINANCE

CFOUnited States

CFOInternational

VPTreasurer

VPController

EnterpriseCFO

VPInvestor Relations

PresidentFin Services

DirectorInternal Audit

VPFin Planning

VPCorp Development

ExecutiveSupport

FINANCE ORGANIZATION

Decision Support

Real Estate

Marketing & Human Resources

Supply Chain

Customer Solutions Group

International

Information Technology

Channels

Corporate Finance

Financial Planning and Analysis

Business Analysis

Treasury

Corporate Development

Best Buy Capital

Investor Relations

Tax

FINANCE DEPARTMENTS

Finance professionals can chart his/her own personalized career path

that entails development of finance and business skills

SFABusiness Analysis

SFACorporate Treasury

ManagerFinancial Planning

SFACustomer Solutions

SAMPLE CAREER PATH

Senior Financial Analyst

Manager

Director

Vice President

Senior Vice President

Executive Vice President

Financial Analyst

CAREER PROGRESSION

Should we lower prices on the 55” Sony LED TV?Establishing the pricing strategy before the Holiday drive time to mitigate risk associated with macro-economic factors and competition while maintaining

profitability

Senior Merchant, Home Solutions

Demand Planning Finance

Marketing Retail Operations

Strategy

DAY IN THE LIFE

How should we finance our China business operations?

Treasury reviews analysis with cross functional team of experts who play an integral role in the funding of international subsidiaries

Manager, Treasury

Director, Asia Treasury

Tax

Legal

AccountingSFA, Treasury

DAY IN THE LIFE

CompanyOrientation

12 WeekDuration

CorporateNetworking

Team Project

SocialEvents

MeaningfulContribution

INTERNSHIP PROGRAM

Passion For Our

Customers

StrongBusinessAcumen

PartnershipMentality

InnateFinancialAcumen

Willingness To Fight For

Things Worth The Fight

AnAppetite for

Change

OUR PEOPLE – SUCCESS CHARACTERISTICS

Technical and Professional Ability

Good Business andStrategic Aptitude

Proactive andSelf-motivated

ArticulateCommunication

Skills

Seasoned Critical Thinking

An Appetite forAmbiguity

WHAT WE LOOK FOR

ABOUT

• 2.9 million people – 13th largest metro area in the U.S.

• Forbes Magazine’s “Most Affordable Place to Live Well” in 2007 (Minneapolis)• Forbes Magazine’s “Best City for Young Professionals (2008)• Money Magazine ranked 5 Twin City cities in the Top 25 as Best Places to Live

Eden Prairie MN was #1 (click here for more info)

• 21 Fortune 500 Companies – most Fortune 500 companies per capita(Minnesota ranks 7th among states in Fortune 500 company headquarters – list includes:United Health, Target, Supervalu, CHS, 3M, US Bancorp, General Mills, Medtronic, Land O Lakes, Mosaic, Excel Energy, Ameriprise, etc.) (click here for more info)

• Entertainment and cultural center of the Midwest

• “Nations Second Fittest City” –Men’s Health• Miles of walking, running and bike paths around lakes of the cities.• Quality of life enhanced by philanthropic efforts of corporate community

• Diverse population• Many pro and college sports teams

TWIN CITIES

http://money.cnn.com/magazines/moneymag/bplive/2010/

http://twincities.bizjournals.com/twincities/stories/2010/04/12/daily29.html

http://images.google.com/imgres?imgurl=http://www.buckleshop.com/images/sfb165l.jpg&imgrefurl=http://www.buckleshop.com/nfl_buckles.htm&h=449&w=444&sz=25&tbnid=LYqc1cgVAfx7tM:&tbnh=124&tbnw=122&prev=/images?q=vikings+logo&start=1&sa=X&oi=images&ct=image&cd=1

http://en.wikipedia.org/wiki/Image:2008-0712-MPLS-panorama.JPG

http://en.wikipedia.org/wiki/Image:Weisman-University_of_Minnesota-2006-09-04.jpg

• Full Gym/Wellness Center on site

• Daycare on site

• Two Caribou Coffee Shops on site

• US Bank on site

• Gaming Area in Lobby

• Free Covered Garage Parking Available

• FedEx/Kinkos on site

• Geek Squad on site

• Dry Cleaning / Tailor on site

• Park n Ride available

• Wireless in all buildings

CORPORATE CAMPUS

Rewards at Best Buy

Compensation BenefitsLearning &

Development Work Environment• Base Pay• Short-Term

Incentive• Long-Term

Incentive• Blue Crew Bucks• Spot Bonuses /

Recognition

• Health• Wealth

• Employee Discount• Time Off

• Tuition Assistance

• Training• Mentoring

• Career and Self- Development

• Strengths-Based Environment

• Results Oriented • Fun

• Collaborative• Innovative

Direct Financial Indirect Financial Career Development Affiliation

REWARDS

1. Campus Presentations Today

2. Apply @ your schools’ career services website Now

3. Apply @ www.bestbuy-jobs.com Now

4. Full-time on campus 1st round interviews November 04

5. Full-time 2nd round interviews at Best Buy Corporate November 19

6. Intern on campus 1st round interviews February 02

7. Intern 2nd round interviews at Best Buy Corporate TBD

Interact with us!

Best Buy Finance Blog: bestbuyfinanceblog.com, Facebook (

Best Buy Finance MBA Recruiting) and Twitter (@BBYFinanceBlog)

NEXT STEPS

http://bestbuyfinanceblog.com/

http://www.facebook.com/pages/Best-Buy-Finance-MBA-Recruiting/281262010092

http://twitter.com/BBYFinanceBlog

QUESTIONS?