Shriro Holdings Ltd. · ASX:SHM
Shriro — Shareholder Meeting (December 2021)
32 slides from Shriro's shareholder meeting presentation, Dec 15, 2021
Slide 1: Chairman's Address
15 December 2021 For personal use only Chairman’s Address It is with pleasure that I welcome you to Shriro Holdings Limited’s second Annual General Meeting this calendar year and my first as Chairman. As the recently appointed Chairman, I would like to take this opportunity to introduce you to Kim S
Slide 2: Chairman's Address (continued)
Like many businesses, Shriro’s operations have been impacted by government enforced retail shutdowns in Australia and New Zealand. These market conditions and the previously announced cyber incident have meant the Board has met a record numbers of times in the 5 months since 30 June 2021 to consider
Slide 3: AGM Presentation, 15th December 2021
SHRIRO For personal use only AGM PRESENTATION 15th December 2021
Slide 4: SHM Board Members
For personal use only SHM Board Members Abigail Cheadle Cheryl Hayman Kim Slater Tim Hargreaves Cornelia Meyer Independent Director Independent Director Chief Executive Officer Chairman Independent Director Member ARC Committee Member ARC Committee Director Chairman ARC Committee Chairman REM Commit
Slide 5: Agenda
For personal use only Agenda • Technical and Procedural Matters • Chairman’s Address • CEO’s Address • Business of the AGM • Proxy Votes received • Questions • Voting Closes • Final Votes • Close of Meeting Shriro Holdings 2021 AGM 3
Slide 6: Procedural Matters: How to ask written questions
Procedural Matters How to ask written questions For personal use only • Click ‘Ask a Question’ • Select one of the items of business from the drop down menu • Type your question in the space provided • Click ‘Submit Question’ Shriro Holdings 2021 AGM 4
Slide 7: Procedural Matters: How to ask your question by phone
For personal use only Procedural Matters How to ask your question by phone? 1. Call 1800 798 067 and, when prompted, enter your unique PIN followed by the hash key. Please mute your computer if you have also joined on the online platform. 2. If you do not yet have your unique PIN, please call Link o
Slide 8: Procedural Matters: How to vote
Procedural Matters How to vote For personal use only • Click ‘Get a Voting Card’ • Enter your Shareholder Number (SRN/HIN) or Proxy Number and click ‘Submit Details and Vote’ • Select either ‘Full vote’ or ‘Partial vote’ • Complete your voting card • Click ‘Submit Vote’ or ‘Submit Partial Vote’ Shri
Slide 9: Chairman's Address, Cornelia Meyer
Chairman’s Address, Cornelia Meyer For personal use only
Slide 10: CEO's Address, Tim Hargreaves
CEO’s Address, Tim Hargreaves For personal use only
Slide 11: Highlights: Executive Summary
Highlights Executive Summary For personal use only • Revenue of $94.3M for the 6 months to 30 June 2021 increased 20.0% PCP. • Record EBITDA of $12.3M + 17.1% PCP for the 6 months ended 30 June 2021. • A robust supply chain strategy assisted in a continuity of inventory in key lines. This facilitate
Slide 12: Months to 30th June 2021
For personal use only 6 Months to 30th June 2021 Results 30th June 2021 30th June 2020 CHANGE $78.6M REVENUE $94.3M +20.0% EBITDA $12.3M +17.1% $10.5M NPAT $6.8M +44.7% $4.7M CASH POSITION $17.3M -12.2% $19.7M 6 Cents 3 Cents DIVIDEND (Fully Franked) (Fully Franked) Shriro Holdings 2021 AGM 10
Slide 13: Months to 30th June 2021 (unaudited year)
12 Months to 30th June 2021* 30th June 2021 30th June 2020 Results CHANGE For personal use only REVENUE $207M +21.3% $170.7M EBITDA $34.1M +65.5% $20.6M NPAT $20.3M +138.8% $8.5M CASH POSITION $17.3M -12.2% $19.7M DIVIDEND DECLARED AUG 6 Cents 3 Cents (Fully Franked) (Fully Franked) DIVIDEND DECLARE
Slide 14: Dividend History
Dividend History Fully Franked Dividends For personal use only • Total fully franked dividends of 54 cents in the 6 years since the IPO (Share price $1 at IPO) FY21* 10 Cents FY20* 6 Cents FY19* 7 Cents FY18* 11 Cents FY17* 11 Cents FY16* 9 Cents * Note: FY relates to the 12 month period, ended 30th
Slide 15: Months to 30th June 2021 - Australasian Market
For personal use only 6 Months to 30th June 2021 - Australasian Market • Shriro’s market leading products contributed to revenue growth - led by calculators and watches, consequently revenue growth was +13.9% PCP. • Everdure by Heston continued strong growth with an accelerated consumer promotional
Slide 16: Months to 30th June 2021 - International Markets
For personal use only 6 Months to 30th June 2021 - International Markets • Revenue +135.9% PCP • International business profitable. • Revenue of BBQ’s in Europe, particularly the UK, Germany and Scandinavia continued to show the strongest growth. • USA market also grew, as the strategic alignment wi
Slide 17: Company Strategy
Company Strategy For personal use only A Board approved Company strategy to reshape and continue growth is being implemented by Management, including: • Project Sunrise – to add additional 3rd party brands to the Company’s existing distribution model. • A dedicated BBQ growth strategy supported by a
Slide 18: 2022 Trading Outlook / Update
2022 Trading Outlook / Update For personal use only • The Company’s No. 1 priority remains the safety and welfare of staff, particularly with the extended impact of COVID-19. A dedicated EAP program continues to support staff’s mental health and welfare. • A Cyber incident impacted the Company in Ju
Slide 19: Welcome to new board members and thanks
For personal use only I welcome Cornelia and Kim to our board, and thank Abigail and Cheryl 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. Shriro Holdin
Slide 20: Shriro 2021 - Business of the AGM
For personal use only Shriro 2021 - Business of the AGM Financial Reporting To consider in respect of the Company for the six month financial period ended June 2021 (reporting period). 1. Financial Reporting 2. Remuneration Report 3. Election of Director – Cornelia Meyer 4. Election of Director – Ki
Slide 21: 2021 - Financial Statements
For personal use only 2021 - Financial Statements To receive and consider the financial statements and reports of the directors and of the auditors for the six month financial period ended June 2021 (reporting period). Note: No resolution is required for this item of business Shriro Holdings 2021 AG
Slide 22: Resolution: Adopt the Remuneration Report
Resolution 1 To Adopt the Remuneration Report For personal use only • To consider and if thought fit pass the following as an ordinary resolution: • To adopt the Remuneration Report of the Company for the reporting period ended 30 June 2021 as set out from page 19 of the Annual Report. Under the Cor
Slide 23: Remuneration Report Vote Results
Resolution 1 To Adopt the Remuneration Report For personal use only In Favour Open Against Abstain 41,699,151 2,493,934 365,110 4,285 Shriro Holdings 2021 AGM 21
Slide 24: Resolution: Election of Director, Cornelia Meyer
Resolution 2 Election of a Director, Cornelia Meyer For personal use only • To consider and if thought fit, pass the following as an Ordinary Resolution: “That Cornelia Meyer, being a director of the Company who was appointed by the directors on 13 September 2021, who retires under rule 8.1(c) of th
Slide 25: Cornelia Meyer Election Vote Results
Resolution 2 Election of a Director, Cornelia Meyer For personal use only In Favour Open Against Abstain 42,051,346 2,493,934 6,200 11,500 Shriro Holdings 2021 AGM 23
Slide 26: Resolution: Election of Director, Kim Slater
Resolution 3 Election of a Director, Kim Slater For personal use only • To consider and if thought fit, pass the following as an Ordinary Resolution: “That Kim Slater, being a director of the Company who was appointed by the directors on 1 October 2021, who retires under rule 8.1(c) of the Company’s
Slide 27: Kim Slater Election Vote Results
Resolution 3 Election of a Director, Kim Slater For personal use only In Favour Open Against Abstain 41,853,546 2,493,934 204,000 11,500 Shriro Holdings 2021 AGM 25
Slide 28: Resolution: Grant of Performance Rights to CEO
Resolution 4 Grant of Performance Rights to Mr Tim Hargreaves, CEO For personal use only • To consider and if thought fit, pass the following as an Ordinary Resolution: “That for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval be given to grant 208,423 Performance Rights
Slide 29: Performance Rights Grant Vote Results
Resolution 4 Grant of Performance Rights to Mr Tim Hargreaves, CEO For personal use only In Favour Open Against Abstain 39,895,249 2,496,434 1,827,797 285,000 Shriro Holdings 2021 AGM 27
Slide 30: Questions?
For personal use only Questions?
Slide 31: Meeting Closed
For personal use only Meeting Closed
Slide 32: Disclaimer - Shriro Holdings (SHM)
For personal use only Disclaimer - Shriro Holdings (SHM) This presentation (Document) has been prepared by Shriro Holdings Limited ABN 29605279329 (Shriro Holdings Limited the Company). This document is a presentation to provide background information on the Company and its subsidiaries and is not a
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