Breville Group Limited · ASX:BRG
Breville — FY2008 Earnings Presentation
11 slides from Breville's earnings presentation, Aug 29, 2008
Slide 1: Investor Presentation Full Year 2008 – ASX cover letter
Housewares International Limited A.B.N. 90 086 933 431 29 August 2008 Manager, Company Announcements, Australian Stock Exchange Limited, Level 4, 20 Bridge Street, SYDNEY NSW 2000 Full Year – 30 June 2008 Investor Presentation Attached is a copy of the Housewares International Limited Investor Prese
Slide 2: ! "! #$ ! % &' $ ! # $ $ % ( %
! "! #$ ! % &' $ ! # $ $ % ( % #) % * " + & , % - " * ./ * 01 , 2 .
Slide 3: Full year highlights
" * * , " Group Underlying PAT $20.9m: + 80.2% ROE: 15.9% (FY07: 9.9%) In line with guidance: Continuing Operations EBITDA $37.4m: +7.9% Continuing Operations EPS 16.6 cents: +22.4% DPS: 10.5 cents Conservative financing: Gearing: 24.8% Interest cover: 6.9 times Unused facilities at year end: $78m 2
Slide 4: Australia and International overview
) * ,! " + & ' Australia: HWI large share in mature industry Competitive market: slowing in 2H08. Market share/earnings: both maintained with small increase. Strong AUD benefit offset by product cost increases. International: a strategic growth opportunity Now > 50% of group sales Good sales/earning
Slide 5: Group Continuing Operations A$ Million
" ' GROUP CONTINUING OPERATIONS A$ Million FY08 FY07 % Chng FY08 FY07 % Chng Group Sales Revenue 425.8 438.4 (2.9%) 425.3 372.8 14.1% Underlying EBITDA 37.1 25.4 46.1% 37.4 34.7 7.9% Underlying EBIT 31.9 20.8 53.4% 32.2 30.7 4.7% Underlying PAT 20.9 11.6 80.2% 21.0 19.9 5.4% Significant Items - (45.
Slide 6: Group Continuing Operations – sales by segment
GROUP CONTINUING OPERATIONS A$ Million FY08 FY07 % Chng FY08 FY07 % Chng Australia 195.2 258.1 (24.4%) 194.7 192.5 1.1% Electrical 194.7 192.5 194.7 192.5 Homewares 0.5 65.6 International 230.6 180.3 27.9% 230.6 180.3 27.9% Total 425.8 438.4 (2.9%) 425.3 372.8 14.1% • Australia: competitive, stable
Slide 7: Group Continuing Operations – EBITDA by segment
' * 3 + GROUP CONTINUING OPERATIONS A$ Million FY08 FY07 % Chng FY08 FY07 % Chng Australia 18.1 8.7 108.0% 18.4 18.0 2.2% Electrical 18.4 18.0 18.4 18.0 Homewares (0.3) (9.3) International 19.0 16.7 13.8% 19.0 16.7 13.8% Total 37.1 25.4 46.1% 37.4 34.7 7.9% • Australia: AUD positive impact effect of
Slide 8: Net Assets Employed / Capital Employed
3 " ! 4 A$ Million FY08 FY07 Fixed assets 9.1 9.5 Intangibles 65.8 63.0 Other assets/(liabilities) (net) 8.7 12.9 Working Capital 91.4 103.6 Inventory 80.8 80.5 Receivables 62.7 71.7 Trade and other payables (52.1) (48.6) NET ASSETS EMPLOYED 175.0 189.0 Borrowings (net) 43.3 71.9 Shareholders’ equit
Slide 9: Geographic diversity
*' $ Geographic diversity Australia: • grow large share in mature market. International: • grow sustainable sales and earnings. • Breville brand focus/careful positioning. Product and customer focus is fundamental to our business. • engineering/design innovation. • marketing 8
Slide 10: Inject innovation into new products
" + & , 5 % - " * Inject innovation into new products. Enhance category depth in new and mature markets by leveraging: Technology, knowledge, supplier partnerships. Expand into new product categories with differentiation. A carefully segmented approach: Innovation/New Products (NPD - Global innovati
Slide 11: Strengthened business and financial foundations
( Strengthened business and financial foundations Uncertain environment economic volatility/falling consumer confidence. Conservative FY09 budget Sales Costs Margins Inventory control FY09 guidance: too early Importance of peak Christmas trading Current environment 10