Shriro Holdings Ltd. · ASX:SHM
Shriro — H1 2018 Earnings Presentation
18 slides from Shriro's earnings presentation, Aug 9, 2018
Slide 1: Investor Presentation Half Yearly Results
SHRIRO HOLDINGS For personal use only LIMITED (SHM) Investor Presentation Half Yearly Results 9th August 2018
Slide 2: Half Year Highlights
For personal use only JUNE 2018 Half Year Highlights • Consumer Products Segment Revenue increased by 2.2% on 1H17. • NPAT up 3.0% on 1H17. • ‘Everdure by Heston Blumenthal’ launched into key international markets (USA & Germany). HUB range – awarded winner of the prestigious USA industry award, Ves
Slide 3: Segment Revenue Split First Half 2018
SEGMENT REVENUE SPLIT First Half 2018 For personal use only Kitchen Appliances Consumer Products (~45% of 1H18) (~55% of 1H18) 3
Slide 4: Profit & Loss Statement
PROFIT & Half Year Ended 30 June 2018 LOSS STATEMENT For personal use only $ Million 1H18 1H17 ∆ • Consumer products revenue Actual Actual was up 2%. Revenue from ordinary 82.5 86.3 (4.4%) • Revenue was lower overall activities due to market pressure in Gross Margin % 41.7% 41.2% Kitchen Appliances.
Slide 5: Consumer Products
For personal use only CONSUMER PRODUCTS • BBQs continue strong growth. Sales Half Year Ended 30 June 2018 were up 58% on 1H17. The global $ Million 1H18 1H17 ∆ expansion continues to progress in Actual Actual line with management’s expectations. Revenue from ordinary activities 45.5 44.5 2.2% • Cool
Slide 6: Outdoor Cooking / Everdure by Heston Blumenthal
OUTDOOR COOKING / Everdure by Heston Blumenthal For personal use only • The brand is in its early stages, it takes time to build momentum. Early signs are good with the anecdotal sell through from the USA & Germany being very positive. • Future growth to come from: - New Product Development - Openin
Slide 7: New Product
NEW PRODUCT Developed in-house by Shriro and Heston Blumenthal For personal use only • Outdoor oven – the 4K can cater for almost every type of cooking: - Smoking - Slow cooking, i.e. brisket - Fast cooking at high temperature (steak and pizza) - Easy charcoal cooking – fast ignition system - Normal
Slide 8: Export Markets
For personal use only EXPORT MARKETS 8
Slide 9: Distribution and New Product Releases
Distribution New Product Releases For personal use only Boutique & Chain grill specialists Wider product range = Independent Appliance effective channel Pool & Spa – Hardware management and broader resellers consumer awareness. Garden & Hardware chain * Product segmentation by channel stores Consume
Slide 10: Consumer Awareness
For personal use only CONSUMER AWARENESS FORMLAND www.everdurebyheston.com EXHIBITION DK KTLA PUB IN THE PARK LA’s number UK 1 breakfast show – LIVE segment SYD WATCH GOOD FOOD MELB HERE AND WINE PERTH
Slide 11: Everdure by Heston Blumenthal Sales to Date
OUTDOOR COOKING For personal use only EVERDURE BY HESTON BLUMENTHAL / Sales to 30th June 2018 Half Year BBQ Net Sales $ Full Year BBQ Net Sales $ 7,000,000.00 10,000,000.00 6,000,000.00 8,000,000.00 5,000,000.00 6,000,000.00 CY2017 4,000,000.00 1H2018 CY2016 3,000,000.00 4,000,000.00 1H2017 2,000,00
Slide 12: Kitchen Appliances
Half Year Ended 30 June 2018 For personal use only $ Million 1H18 1H17 ∆ Actual Actual Revenue from ordinary activities 37.0 41.8 (11.5%) EBITDA 1.4 3.1 (54.8%) EBITDA Margin 3.8% 7.4% KITCHEN APPLIANCES • Positive Sales contribution from Blanco appliances as its store footprint increases. • Sinks a
Slide 13: New Product Development
NEW PRODUCT DEVELOPMENT For personal use only The New Zealand team after much market research decided on pressing ‘go’ on the development of a premium tub range. This is being sold in conjunction with the existing range. The initial feedback from retailers at the launch events has been very complime
Slide 14: Balance Sheet
BALANCE SHEET 30 Jun 18 30 Jun 17 30 Jun 18 30 Jun 17 $M $M $M $M For personal use only Current assets Current liabilities Cash and cash equivalents 0.3 0.8 Trade and other payables 18.2 18.5 Trade and other receivables 30.3 26.4 Borrowings 9.5 3.5 Inventories 46.4 38.7 Current tax liabilities 0.0 0
Slide 15: Track Record
TRACK RECORD For personal use only HALF YEAR NPAT GROWTH FULL YEAR NPAT GROWTH 2.4M 3.1M 3.3M 3.4M 8.9M 12.4M 13.2M 14.5M 1H15* 1H16 1H17 1H18 CY14* CY15* CY16 CY17 *Pro-forma numbers Hit or exceeded numbers communicated to the market. 15
Slide 16: Opportunities
For personal use only OPPORTUNITIES • Continued product innovation & development across all brands for further international growth. • Channeling other brands and products through the global infrastructure being established for the ‘Everdure by Heston Blumenthal’ brand. • Continued expansion of Shri
Slide 17: Outlook
OUTLOOK For personal use only • Consumer products performing well. • Appliances face headwinds - renovation market growth, expected - showroom restructure – cost $0.6M after tax in CY18 • Everdure by Heston Blumenthal BBQ sales growth of 58% (v1H17) planned to continue - Geographical expansion - New
Slide 18: Thank You
For personal use only THANK YOU SHM Investor Presentation Half Yearly Results 9th August 2018