Harris Technology Group Limited · ASX:HT8
Harris Technology — Shareholder Meeting (November 2023)
10 slides from Harris Technology's shareholder meeting presentation, Nov 28, 2023
Slide 1: 2023 AGM Investor Presentation
For personal use only 2023 AGM Investor Presentation 28 November 2023
Slide 2: Company Summary
Company Summary For personal use only Harris Technology Group Limited (ASX:HT8) is the only dedicated eCommerce marketplace seller listed on the ASX. Global vendor networks established from 30+ years of experience in sourcing, wholesaling and distribution for market-leading agility to pre-empt retai
Slide 3: FY23 Financial Summary and Financial Focus in FY24
FY23 Financial Summary Financial Focus in FY24 For personal use only Q1’24 FY23 FY22 ● Working capital protection Revenue - $24.2m $50.3m ● Inventory health ● Margin mix improvement Operating ● Cash flow managed to address difficult Cash Flow $226K $486K -$1.38m trading conditions with an inventory
Slide 4: Business Status Summary
Business Status Summary For personal use only Difficult trading conditions through FY23 Difficult economic conditions persist into 2024 with inflation and interest rates impacting consumer spend and depressing retail and online sales. The company has focused its efforts on maintaining its financial
Slide 5: Difficult FY23 Trading Conditions
Difficult FY23 Trading Conditions For personal use only A reversion away from home office spending Pandemic spending on home office products witnessed in FY20, FY21 and the start of FY22 were not sustained in FY23 as the working-from-home trend slowed with fewer home office upgrades reflected in sal
Slide 6: Platform Partnership Reach
Platform Partnership Reach For personal use only Established marketplace seller on all major Australian eCommerce platforms Access to high profile nationwide advertising Established profiles across all major online marketplaces to capitalise on external marketing and advertising that draws online tr
Slide 7: Manufacturer to Consumer (M2C)
Manufacturer to Consumer (M2C) For personal use only Existing products Harris Technology has expanded its range of products sold through online marketplace channels on behalf of international product manufacturers. These M2C private label products are actively listed in The United States, Canada, Un
Slide 8: Appendices - FY 2023 Financials
Appendices - FY 2023 Financials For personal use only FY23 FY22 Revenue Revenue +20% revenue growth in FY22, but not anticipated to be Sales revenue 24,185,555 50,295,594 Direct Costs (20,427,911) (42,837,482) maintained in FY23 due to inventory review that has a Gross Profit 3,757,644 7,458,112 str
Slide 9: Appendices - FY 2023 Financials
A$m FY23 FY22 Appendices - FY 2023 Financials Current Assets Cash and cash equivalents 1,766,018 2,385,803 Trade and other receivables 1,443,007 2,392,703 For personal use only Inventories 4,747,855 9,788,196 Prepayments and deposits 234,200 284,429 Total Current Assets 8,191,080 14,851,131 Non-curr
Slide 10: Disclaimer
Disclaimer For personal use only The Material contained in this document is a presentation of general information about Harris Technology Group Limited (ABN : 93 085 545 973) activities, current as at the date of this presentation on 28 November 2023. It is provided in summary and does not purport t
Harris Technology Group — Shareholder Meeting (November 2023) on 6ix