Shriro Holdings Ltd. · ASX:SHM
Shriro — Shareholder Meeting (November 2022)
17 slides from Shriro's shareholder meeting presentation, Nov 18, 2022
Slide 1: Shriro Holdings (SHM) AGM Presentation 2022
For personal use only SHRIRO HOLDINGS (SHM) AGM PRESENTATION 2022 Tim Hargreaves, Chief Executive Officer | 18th November 2022
Slide 2: SHM Board Members & CFO
SHM Board Members & CFO For personal use only Abigail Cheadle Tim Hargreaves John Murphy Brian Bunker Shane Booth CHAIR CHIEF EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR DIRECTOR OFFICER AGM PRESENTATION 2022 2
Slide 3: Chair's Address
For personal use only CHAIR’S ADDRESS Abigail Cheadle
Slide 4: Chair's Address - 2022 Annual General Meeting
2022 AGM Run Sheet Shriro Holdings Limited ACN 636 364 246 (Company) For personal use only Chair’s Address - 2022 Annual General Meeting Welcome everyone to our FY22 AGM and thank you for joining us. Shriro reported a $24.6m EBITDA despite Covid lockdowns, a cyber incident, Blanco exit, Head office
Slide 5: Agenda
Agenda For personal use only Chair Address CEO’s Address Business of the AGM Questions Voting Closes Final Votes Close of Meeting AGM PRESENTATION 2022 4
Slide 6: CEO's Address
For personal use only CEO’S ADDRESS Tim Hargreaves
Slide 7: Executive Summary
Executive Summary For personal use only • Despite challenging economic conditions it was Shriro’s third highest EBITDA of $24.6M, representing 12.9% of revenue. EBITDA down on last year by 27.9% and NPAT of $13.5M, down 33.5% pcp (CY21 record profit year contained one-off property and government sub
Slide 8: Historical Results
Historical Results For personal use only DIVIDEND (FULLY FRANKED) FY22* Reported FY21** Reported FY20*** Reported FY cps $M $M $M Revenue 191.8 207.0 170.7 FY16 9 cps Gross Margin 40.3% 40.6% 38.3% FY17 11 cps Operating Expenses (52.7) (49.9) (44.8) FY18 11 cps EBITDA 24.6 34.1 20.6 FY19 7 cps Depre
Slide 9: Australasian Market
Australasian Market For personal use only • Revenue was down 9.2% pcp as Shriro was negatively impacted by Australian and New Zealand retail lock- downs and a cyber incident. • The Everdure by Heston BBQ business continued to grow in both Australia and New Zealand, with revenue +18.2% pcp. • Casio b
Slide 10: International Market
International Market For personal use only • Revenue was up 27.5% to $13.9M, continuing strong growth in international revenue. • Summer 2022 - Northern hemisphere export orders were as expected, as a result of factory capacity constraints some revenue will be recorded in FY23. • Factory and shippin
Slide 11: Shriro International Market
Shriro International Market For personal use only COUNTRIES • Australia • New Zealand • USA • Canada • Taiwan • South Africa / Namibia / Botswana / Zimbabwe / Mozambique / Mauritius • Israel • Germany/Austria/Switzerland • Denmark/Norway/Sweden/Finland/Iceland • UK/Ireland • Netherlands/Luxembourg/B
Slide 12: New Product Developments
New Product Developments For personal use only • Everdure “Kiln” Pizza Oven scheduled for release 4th Qtr FY23. • IC2 Ironing centre scheduled for release FY24. Pizza Oven Premium Heat Wrap Oven Pizza Oven • Scientific calculator with features aligned with the Australian and New Zealand curriculum s
Slide 13: Key Features of Shriro Business Model
Key Features of Shriro Business Model For personal use only New product ideas Well established Customised sales and Long standing generated from customer relationships with marketing plans by relationships feedback and identified major Retailers product categories with suppliers gaps in product port
Slide 14: Key Features of International / Export Business Model
Key Features of International / Export Business Model For personal use only FACTORY INTERNATIONAL MARKET Limited working capital investment Expandable model Capital for new products / brands AGM PRESENTATION 2022 13
Slide 15: Growth Strategies
Growth Strategies For personal use only ORGANIC IN-ORGANIC CORE FOUNDATIONS Long term approach to manage growth • Strong balance sheet • New product development plan • Dedicated executive on management team tasked with finding acquisition • Investment in advanced “ecommerce” opportunities and new di
Slide 16: FY23 Outlook
FY23 Outlook For personal use only • Previously reported guidance FY23 remains unchanged. • Uncertainty remains, related to consumer spending and the broader macro economic conditions. Shriro – well placed with world class brands and market leadership in key categories such as school education. • Co
Slide 17: For personal use only
For personal use only I would like to thank the board for their counsel and continued support. I would also like to acknowledge & thank our staff for their continued resilience, hard work and dedication, particularly during these challenging times.
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