Joyce Corporation Ltd · ASX:JYC
Joyce — Shareholder Meeting (November 2017)
10 slides from Joyce's shareholder meeting presentation, Nov 30, 2017
Slide 1: Joyce Corporation Ltd 2017 Annual General Meeting
Joyce Corporation Ltd 2017 Annual General Meeting 30 November 2017 By Anthony Mankarios, Executive Director 1
Slide 2: Agenda
AGENDA 2017 Review Dividends BU performance update Key Objectives Summary JOYCE CORPORATION LTD
Slide 3: Joyce Corp-Review F17
Joyce Corp-Review F17 • F17 revenue increased to $81.1 million, up 43.5% on F16; • Network sales including fees, auction turnover up to $211M up +80% on F16. • Total group EBITDA (inc NCI) up +73% to $9.35 Million F17. • Statutory net profit after tax (NPAT) after non controlling interest of $2.76mi
Slide 4: Dividends
Dividends Dividend History • The Company declared a final 6 cents per 14 share fully franked Dividend. 12 11.5 11 10.5 • The total franked Dividends for F17 10 increased to 11.5 cents per share fully 8 franked. 6 6.5 6 5.5 5 5 5 • The nature of our fast growing Business 4 3 3 3.6 4 Units are counter
Slide 5: Bedshed Q1 Overview
Bedshed Q1 Overview • Bedshed Network sales up + 5% . • VIC and NSW expansion in F18 poised to improve market share. • Earnings expected to exceed last year F17. • “Evolution‐ fit‐out” finalising in F18. • Exclusive “Kingsdown” superior US bedding technology roll‐out with Bedshed Australia. • Invest
Slide 6: Kitchens Q1 Overview
Kitchens Q1 Overview • Revenue Growth on LYR of +13.2 % Q1. • New Supply agreement completed to service all QLD sites with significant costs savings delivered. • F18 Earnings now expected to exceed Last year F17‐ with double ‐digit growth • New Showrooms planned with; • Robina QLD now open • Rutherf
Slide 7: Lloyds Online Auctions F18 -Q1 Overview
Lloyds Online Auctions F18 ‐Q1 Overview • Revenue up +61% on F17 to date. • Major investment in trademark, IP and integration of Fine Art business‐ with new revenue stream. • Online Auctioneer of choice with over 150,000 Facebook likes and 3 million registered views. • Classic car and portable build
Slide 8: Key objectives this year
Key objectives this year • Expectation to increase earnings per share on F17. • Continue cost effective intrastate and interstate growth of the business units; increase market share in all businesses. • New corporate owned sites in WA and QLD contributing rent income and cost savings. • Enhance corp
Slide 9: Summary
Summary • Lytton QLD now open with exclusive KT3, supply agreement commenced with Kitchen Connection and Wallspan Kitchen and Wardrobes expected to exceed expectations in 2018 based on YTD results. • Lloyds Online Auctions poised to increase revenue in F18 by increasing national footprint and invest
Slide 10: Disclaimer
Disclaimer Information contained in this presentation may involve forward looking statements. Possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Whilst “JYC” believes these are reasonable at the time of printing. Actual