Kmd Brands Limited · NZX:KMD
Kmd Brands — Kathmandu Holdings — Shareholder Meeting (November 2014)
23 slides from Kmd Brands's shareholder meeting presentation, Nov 21, 2014
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 21 November 2014
Slide 2: Agenda: 2014 Annual General Meeting
Agenda: 2014 Annual General Meeting For personal use only • Chairman’s address • Acting Chief Executive Officer’s address • Ordinary business • Item 1: Financial Statements • Item 2: Election of Directors • Item 3: Auditors’ Remuneration • Item 4: Approval of grant of performance rights to Mark Todd
Slide 3: Chairman's Address
For personal use only Chairman’s Address
Slide 4: Chairman's address: Financial results
Chairman’s address: Financial results For personal use only • Sales growth: NZ$8.9 million to NZ$392.9 million, up 2.3%; • Same store sales growth over 4% • EBIT of NZ$64.3 million, up 1.4%; up 9% at constant exchange rates • NPAT of NZ$42.2 million, down 4.5%; • Earnings per share 21.0 cents per sh
Slide 5: CEO's address
For personal use only CEO’s address
Slide 6: 2014 Annual General Meeting
CEO’s address: 2014 Annual General Meeting For personal use only • FY14 results summary • FY14 other key highlights • Growth strategy update • Team changes • Trading performance update • FY15 outlook 6
Slide 7: FY14 results summary
CEO’s address: FY14 results summary • Record sales $392.9m; For personal use only • Same store sales growth 4.2% at constant exchange rates; • Gross margin 63.1%, 10bps higher than FY13; • Operating expenses increased 70bps as a % of sales; • Net profit after tax $42.2m (down 4.5%); • Solid growth o
Slide 8: FY14 other key highlights
CEO’s address: FY14 other key highlights For personal use only • Summit Club membership grew by 29.5%. 1 in 10 New Zealanders are active members; • Online sales grew by 35%, and now exceed 5% of Group sales; • Strong UK same store sales growth,12.7%; • New Zealand distribution centre floor space ext
Slide 9: Growth strategy update: new store rollout
CEO’s address: Growth strategy update For personal use only NEW STORE ROLLOUT • FY15 target of 15 new stores; Store Rollout History • 8 stores have opened in 1H FY15 (last year 5 stores): AU NZ • Earlier in the year: 45 Burwood (Sydney), Essendon DFO 44 (Melbourne), Mt Gravatt (Brisbane), 38 42 Cock
Slide 10: Growth strategy update: optimise existing store network
CEO’s address: Growth strategy update For personal use only OPTIMISE EXISTING STORE NETWORK • Shifting network planning process focus from new stores search to existing store optimisation: • Assessing store positioning, size, and demographic, for best return on resulting refurbishment/ relocation in
Slide 11: Growth strategy update: customer and product
CEO’s address: Growth strategy update For personal use only CUSTOMER AND PRODUCT • Summit club rewards scheme enriched: accumulated spend balances no longer expire; • Dynamics CRM platform enabler to achieve best practice loyalty programme with comprehensive customer insight and segmentation capabil
Slide 12: Growth strategy update: online, UK and international
CEO’s address: Growth strategy update ONLINE, UK AND INTERNATIONAL For personal use only • Online sales now over 5% of total Group sales; • Incentivised gifting and Summit Club benefits linked to international shipping; • E-Bay UK and Australia, Trade Me all now live. • UK Brand campaign launched en
Slide 13: Growth strategy update: growth strategy enablers
CEO’s address: Growth strategy update For personal use only GROWTH STRATEGY ENABLERS • Transforming systems architecture is a key enabler to improving customer omni- channel experience and entering new markets; • Microsoft Dynamics AX Financial and Warehouse management modules successfully implement
Slide 14: Executive Team from December 2014
CEO’s address: Executive Team from December 2014 For personal use only Acting CEO Mark Todd GM Group Supply GM Marketing & CFO GM Product CIO GM Retail AU & NZ GM Group HR Chain Online Reuben Casey Michelle Adams Grant Taylor Alison Evans Rebecca Edwards Caleb Nicolson Paul Stern • Paul Stern now le
Slide 15: Trading pattern
CEO’s address: Trading pattern For personal use only Last Year Sales mix across the year First 16 weeks to Includes Christmas Sale and Includes Easter and Winter Sales 17 Nov 2013 January Clearance 18% 25% 57% FIRST HALF-YEAR SECOND HALF-YEAR • Three major promotions a large portion of our annual tr
Slide 16: Trading performance update
CEO’s address: Trading performance update For personal use only • Sales $84.1m YTD to 16 Nov 2014; • Sales growth above FY14 pcp by $13.2m, 18.6%, or $14.5m, 20.5% at constant exchange rates. YOY exchange rate impact -$1.3m*1; • Same store sales growth 16.0% at constant exchange rates (14.2% at actu
Slide 17: FY15 outlook
CEO’s address: FY15 outlook Market / Environment For personal use only • Australian economic growth prospects still subdued and market since start of year slower than New Zealand; • Outdoor category competitor mix changing and continues to be competitive; • Weaker $A and $NZ currencies impacting. Su
Slide 18: Resolutions: Items to be considered
For personal use only Resolutions: Items 1 to 4
Slide 19: Item 1: Financial Statements
Item 1: Financial Statements For personal use only To receive and consider the Financial Report of the Company for the year ended 31 July 2014 together with the Directors’ and Auditor’s reports. 19
Slide 20: Item 2: Election of Directors
Item 2: Election of Directors To re-elect Directors of the Company, each election to be voted on separately: For personal use only a) “That Mr. David Kirk, (being appointed as a Director by the Board on 21 November 2013), who retires in accordance with Article 4.3(b) of the Company's Constitution an
Slide 21: Item 3: Auditors' Remuneration
Item 3: Auditors’ Remuneration For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To record that PricewaterhouseCoopers continue in office as the Company’s auditor and to authorise the Directors to fix the remuneration of Pricewaterhou
Slide 22: Item 4: Grant of Performance Rights – Mark Todd
Item 4: Grant of Performance Rights – Mark Todd For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: "That, for the purposes of ASX Listing Rule 10.14, and for all other purposes, approval is hereby given for the grant to Mark
Slide 23: Other business
For personal use only Other business
Kathmandu Holdings — Shareholder Meeting (November 2014) on 6ix