Slide 1: Joyce Corporation Final 2014 Results summary presentation
Joyce Corporation Final 2014 Results summary presentation. For personal use only By Anthony Mankarios Executive Director
Slide 2: 2014 vs 2013 results
2014 2013 Variance $ Million $ Millions % For personal use only Revenue Continuing 14.83 14.60 1.5% up operations PBT continuing operations $2.34 $2.25 UP 4% NPAT $1.57 0.66 UP 135 % statutory EPS 5.7 2.4 137% per ordinary share undiluted overall operations
Slide 3: Key Ratios
KEY RATIOS For personal use only • NET ASSETS PER ORDINARY SHARE undiluted‐ $0.82 • NET TANGIBLE ASSETS PER Ordinary SHARE ‐ $0.47 • Conservative Gearing ratio: 27.3% on (NET DEBT Basis) • Regularly pay Dividends 2013 interim ‐ 1.5 Cents per Ordinary share. • Seek to pay 2 cents final Dividend possi
Slide 4: Liverpool Property - Details
Liverpool Property‐ Details For personal use only • 5-9 Bridges Road, MOOREBANK, NSW • Site are over 41,700 sq mtr. • Near M5 Motorway South West Sydney. • Same suburb as planned $400M inter- modal Development. • Valuation report based on Commercial Value at Market Rent $18.4 Million • Offers of $20
Slide 5: Joyce Corp aimed to... Bedshed stores
Joyce Corp aimed to For personal use only Bedshed stores. Completed the following: • Restructure Business to enhance cash in future year. • Add cash and improve sustainable profit. • Improve property asset at Moorebank. • Finalise lease renewal at Moorebank • Add additional Cash generating business
Slide 6: Future Direction
Future Direction For personal use only Looking forward Bedroom Furniture • The Company has completed its re‐structure of exiting underperforming Bedshed Company owned stores. • The Exit of Stores was fully provided for and cash expensed in 2013/14. Additional cash to be generated moving forward. • T
Slide 7: Future... Cashflow gains
Future….. For personal use only Cashflow gains Kitchen Connection store. • Additional Cash and Profit from Market Rent from Nov 2015 expected to be approx. $1M each year ( subject to retention of property). • Additional Cash gained from exit of store lease commitments in 2014‐ 15 approx. $160K pa an
Slide 8: KWB Group performance
For personal use only KWB Group performance 2013/14 Year Sales Revenue grew by 50.7% on a L4L YOY basis. Order book currently stands in excess of $7.4M and orders grew by 52. 8% YOY. Profit and cash generating BU. 2014/15 Growth expected with new stores planned. Currently has > $1.74M in cash.
Slide 9: Volume JYC share movement vs Small Ordinaries index
Volume JYC share Movement vs Small Ordinaries index ( traded past 6 mths.) For personal use only
Slide 10: Past year Dividend Growth
Past 3 year Dividend Growth For personal use only Dividend f/cast growth past 3 years 4 3.5 3 2.5 2 Series1 1.5 1 0.5 0 1 2 3 4
Slide 11: Disclaimer
Disclaimer For personal use only While the information in this presentation is presented in good faith, neither the Company, any shareholders, directors, officers, agents, employees or advisers give any representations, or warranties ( expressed or implied) as to the accuracy, reliability or complet