Prestal Holdings Limited · ASX:PTL
Prestal — Pental — H1 FY2015 Earnings Presentation
12 slides from Prestal's earnings presentation, Feb 24, 2015
Slide 1: Half Year Results & Update
For personal use only Half Year Results & Update 28 December 2014 (26 weeks) Investor Presentation FY14
Slide 2: Half year highlights
• Gross sales rose 1.2% - highly competitive market in both Australia and New Zealand For personal use only • Underlying EBIT of $2.915m - $0.974m below last year’s half – Strategically moved the White King advertising campaign to the first half - $1.009m – Advertising planned in the 2nd half will b
Slide 3: Restructure, Reinvigorate, Build and Expand
Full Year Full Year Full Year Half Year 2015 and 2012 2013 2014 28 Dec 14 onwards For personal use only Restructure Reinvigorate Build and Expand Relocation of bleach Key bleach New Capital Projects – significant cost plant and commenced products previously savings and increasing capacity Restructur
Slide 4: Capital projects and operational team update
For personal use only Refreshed Shepparton operational team to accelerate capital projects Appointed Gerard Segrave as the new Operations Manager Out scoured project management of capital projects $5.3m of capital projects underway: Key parts of the operations will move up to best practice
Slide 5: Half year financial results summary
$’m HY14 HY13 Change % Key Points For personal use only Gross Sales 54.4 53.8 0.6 1.2% Underlying EBIT below last year’s half from White King advertising campaign ($1.009m) Underlying EBITDA (i) 3.9 4.9 (1.0) -20.1% strategically moved to the first half Underlying EBITDA to 7.2% 9.1% -1.9% gross s
Slide 6: NPBT bridge HY13 to HY14
For personal use only $ 'million 5.0 White King Advertising 4.5 Campaign Incl. FX impact AUD to NZD & 4.0 USD – Net decrease in EBIT 3.5 $0.371m 3.0 2.5 Increased sales, reduced cost of good and includes 34% increase 2.0 non-recurring lost margin pallet volume from outsourcing some from Private 1.5
Slide 7: Balance sheet
For personal use only $’m Dec 14 June 14 Key Points Net Assets 74.2 73.0 Completed equity raising of net $1.6m (net of cost) predominately via loyalty options which expired 11 Sept. 2014 Net Cash/(Debt) 3.0 - Cash at Bank - no gearing and substantial Working Capital 17.7 18.6 capacity to fund it
Slide 8: Cash flow
For personal use only Key Points $’m HY 14 HY 13 Cash in/(out) flow from operating activities 4.8 1.0 Cash flow from “operating activities” $3.8m better than HY 2013 due to normalisation of current operational activities Capital expenditure (1.1) (3.1) Net Proceeds from issue of shares 1.6 5.6 C
Slide 9: New product ranging and White King campaign results
• New ranging expected to add incremental sales of $1.8m per annum, starting June 2015 For personal use only • These new product launches will also allow our brands to move into high-value, high- growth segments within the relevant category: • The White King TV campaign has shown early success with
Slide 10: Outlook
Confident that underlying EBITDA will grow and the impact of the increasing demands of operating in FMCG segment will be lessened from: For personal use only completion of its initial $5.3 million capital investment over the next 6 to 12 months solid pipeline of innovative new products and rec
Slide 11: Disclaimer
For personal use only The material in this presentation is a summary of the results of Pental Limited (Pental) for the year (26 weeks) ended 28 December 2014 and an update on Pental’s activities and is current at the date of preparation, 24 February 2015. Further details are provided in the Company’
Slide 12: Piggy back options
For personal use only • Exercise period: 6 December 2013 – 6 June 2015 (expiry date) • Exercise price $0.45 (price post share consolidation) • Options traded on ASX as PTLOA • As at 28 December 2014 – 19 million piggy back options on issue – valued at $8.6m Quality Australian Brands 12