Briscoe Group Limited · NZX:BGP
Briscoe — H1 FY25 Earnings Presentation
17 slides from Briscoe's earnings presentation, September 2024
Slide 1: Half Year Addendum
H1 FY25 ADDENDUM 1 Half Year Addendum 26 WEEK PERIOD ENDED 28 JULY 2024
Slide 2: Contents
H1 FY25 ADDENDUM 2 Contents Highlights 3 Sales 4 Gross Profit Margin % 5 Net Profit After Tax 6 Balance Sheet 7 Customer Satisfaction 8 Online Experience 9 VIP Membership Club 10 Our Team 11 Sustainability 12 Supply Chain 13 Strategy 14 Looking Forward 15 Financial Summary 16 Brand Portfolio 17 Gras
Slide 3: Highlights
H1 FY25 ADDENDUM 3 Highlights Record Half Year Sales NPAT Performance Strategic Initiatives contributing to • Group sales +0.77% to $372.1m. • HY NPAT $40.6m (before impact increased profitability Half Year Ended 28 July 2024 • Homeware sales +0.28% to of tax adjustment). • Record level of customer
Slide 4: Sales
H1 FY25 ADDENDUM 4 PERCENTAGE GROWTH Sales Continued sales growth in a challenging retail environment. Continued growth across both Homeware and Sporting Goods. BRICKS & MORTAR VS ONLINE Growth slowed due to external factors. 47 Briscoes Homeware and 43 Rebel Sport stores. Online mix still strong af
Slide 5: Gross Profit Margin %
H1 FY25 ADDENDUM 5 Gross Profit Margin % Despite continued pressure, margin remains above pre-Covid levels.
Slide 6: Net Profit After Tax (NPAT)
H1 FY25 ADDENDUM 6 NET PROFIT AFTER TAX (NPAT) Continued solid NPAT performance despite difficult trading environment COST OF DOING BUSINESS Ongoing focus on robust cost control * Before im pac t of $7.4m tax adjus tment
Slide 7: Balance Sheet
H1 FY25 ADDENDUM 7 Balance Sheet INVENTORY ($M) Strong focus on inventory with pressure on sales. Healthy cash position as strategic initiatives gain momentum. NET CASH ($M) Despite challenging economic environment strategic initiatives continue to progress in line with expectations. CAPEX ($M)
Slide 8: Customer Satisfaction – Net Promoter Score (NPS)
H1 FY25 ADDENDUM 8 Customer Satisfaction BRISCOES HOMEWARE NPS – Net Promoter Score (NPS) Record levels of satisfaction achieved consistently for the past three years in our NPS scores – Briscoes Homeware now running above 80 REBEL SPORT NPS consistently and Rebel Sport over 72. Market leading servi
Slide 9: Online Customer Experience Improvements
H1 FY25 ADDENDUM 9 Online Customer Experience Improvements This year we continued to invest in our online and store fulfilment technology, to bring our customers the best online experience. We’ve dispatched 1,700,000 units! NEW PROMOTIONAL EXPRESS DELIVERY APPLE PAY PAYMENT GIFT CARD MECHANIC OPTION
Slide 10: VIP Membership Clubs
H1 FY25 ADDENDUM 10 VIP Membership Clubs We have a large, growing and loyal customer membership programme with over 2 million club members. H1 FY25 vs H1 FY24 H1 FY25 vs H1 FY24 Total database: 0.96m +20.2% Total database: 1.05m +20.4% Member frequency: +8.0% Member frequency: +25.9% Member annual s
Slide 11: Our Team
H1 FY25 ADDENDUM 11 Our Team A broad range of investments in our people, systems and processes are contributing to member capabilities, competence and confidence. Our team is well placed to drive the business forward. TEAM ENGAGEMENT INNOVATION IN HEALTH & SAFETY REMUNERATION +0.2 60% 5% With consis
Slide 12: Sustainability
H1 FY25 ADDENDUM 12 Sustainability Our Steps To A Better Tomorrow Governance Junior Whirinaki Warriors Club Sustainability strategy now Continued improvement of Good progress made in embedded internally, Sustainability related preparing for our second CRD streamlining efforts and internal training,
Slide 13: Supply Chain Transformation
H1 FY25 ADDENDUM 13 Supply Chain Transformation Warehouse Management System Land Purchase in Drury, Auckland High-Level Site Design • Successful imp lementation of • Purchase of the land for the • The new North Island DC is new Warehouse Management New DC in Drury , following designed to meet our gr
Slide 14: 2024 – 2027 Briscoe Group Strategy
H1 FY25 ADDENDUM 14 2024 – 2027 Briscoe Group Strategy LONG TERM GROWTH RETAIL EXPERIENCE SUPPLY CHAIN BUILDING ACCELERATION EVOLUTION TRANSFORMATION BLOCKS Exp lore new business Flag ship store concepts. New Auckland Tech Architecture. opp ortunities to drive Distribution Centre. Electronic Shelf L
Slide 15: Looking Forward - Strongly Positioned to Successfully Navigate
H1 FY25 ADDENDUM 15 Looking Forward - Completed the refresh of our Strategic World class team of over 2300 people. Strongly Positioned to plan for 2024 to 2027. Major investment in supply chain Successfully Navigate Confident in our ability to successfully navigate difficult economic conditions tran
Slide 16: Financial Summary
H1 FY25 ADDENDUM 16 Financial Summary HY Jul 19 HY Jul 20 HY Jul 21 HY Jul 22 HY Jul 23 HY Jul 24 FY Jan 201 FY Jan 21 FY Jan 22 FY Jan 23 FY Jan 24 Homeware Revenue - $000 191,503 184,347 222,628 228,7 39 229,391 230,027 410,908 439,234 460,887 487,501 490,116 Sporting Good s Revenue - $000 111,481
Slide 17: Over 100 new brands added to the Group in past 12 months
H1 FY25 ADDENDUM 17 Over 100 new brands added to the Group in past 12 months