Slide 1: Investor Presentation
1 Investor Presentation
Slide 2: Content Summary
2 • Company Summary • Company History Content • Capital Structure and Share Price History • Investment Highlights Summary • Financial Highlights • Traditional Website, Platform Partnerships, Business Agility • Operational Highlights & COVID-19 effects • A Real Growth Story • Board Members • Investor
Slide 3: Company Summary
3 Company Summary Profile Strategy • Harris Technology Group Limited (ASX:HT8) • Short Term Strategy: become the number one has the mission of becoming the leading tech seller on all major e-commerce platforms online e-commerce destination in Australia. including Amazon, Catch, Kogan and eBay etc. •
Slide 4: Company History
4 Company History Timeline ASX listed Shoply was acquired by In 2019 Harris Technology Harris Technology and Anyware Corporation in 2016 and was restructured and it’s Founded by Ron Officeworks sold to renamed Harris Technology. growth story commenced. Harris in 1986. Wesfarmers in 2007. Coles Myer
Slide 5: Capital Structure & Share Price History
5 Capital Structure Capital Structure & Share Price History Summary Details Share Price Growth (as at 10/11/20) (as at 10/11/20)
Slide 6: Investment Highlights
6 Investment Highlights Investment Highlights • Positioned as a leading e-commerce tech retailer– Harris Technology owns and operates one of Australia’s leading online IT and consumer electronics businesses. • Record sales – Q1FY21 revenue was a record $9.8m, up 44.1% on the June quarter. Capital Ra
Slide 7: Q1 FY21 and FY20 Financial Highlights
7 FY19 vs. FY20: Metric FY19 FY20 Change Revenue $9.2m $14.3m 55.4% Q1 FY21 and FY20 EBITDA ($0.65m) $1.3m 300.0% Net Profit ($0.73m) $1.0m 236.9% Financial Highlights EPS ($0.46) $0.54 217.4% B UILD ING ON STRONG Previous 3 Quarters: FY 20 S A LE S MOME NTUM Metric Q3FY20 Q4FY20 Q1FY21 Revenue $3.3
Slide 8: Significant Growth Trends
8 Significant Growth Trends Quarterly Revenue Growth ($m) Quarterly Net Profit Growth ($m) *Q1FY21 Unaudited *Q1FY21 Unaudited
Slide 9: Peer Valuations
9 Peer Valuations *Data has been sourced accurately and faithfully from publicly announced annual reports. • Justification for peer companies – MYD and TPW operate retail e-commerce marketplace businesses selling consumer goods. MYD has similar revenue in FY20 comparable to HT8, whilst TPW has subst
Slide 10: Traditional Harris Website
10 Traditional Harris Website • Effective e-commerce platform - Accessible on www.ht.com.au • A recognisable brand - 30+ year history in the IT/CE retail market covering a diverse range of tech products for small and medium businesses in Australia. • Rationalisation - Staff, warehousing and other ov
Slide 11: Diverse Platform Partnerships
11 Diverse Platform Partnerships • An evolving retail market - The COVID-19 pandemic has structurally and permanently changed the public’s shopping behaviour and Harris Technology continues to benefit from this move to online shopping. • Cost saving synergies - Working with the major platforms such
Slide 12: Amazon Platform Highlights
12 Amazon Platform Highlights • #1 Marketplace seller – On Amazon Australia in July. • Amazon virtual summit attendance – CEO Garrison Huang participated as a panelist on October 15 to share the successful growth story of becoming the #1 Tech Seller on Amazon. • Prime Day, highest ever daily sales –
Slide 13: Business Agility and Flexibility
13 Business Agility and Flexibility • Pro-Hygiene division- Launched Pro-Hygiene division for PPE products in April 2020 utilising the company’s existing infrastructure without any additional overheads. • Homeware & Kitchenware – Harris Technology has entered the Homeware and Kitchenware category an
Slide 14: Operational Highlights and COVID Effects
14 Operational Highlights and COVID Effects • No negative COVID effects – Harris Technology now operates a pure online business. As such, it has experienced minimal negative impact from the pandemic. • Rapid online sales growth - Australian Bureau of Statistics quoted that online sales in Australia
Slide 15: A Real Growth Story
15 A Real Growth Story • Capital availability - With additional capital now available, Harris Technology is well Emphasis on positioned to take advantage of the retail “online revolution”. There has also been in systemization increase in inventory to $4.7m, from $2.2m, in Q1FY21. to reduce costs. •
Slide 16: Board Members
16 • 20+ years’ experience in the IT importing • More than 35 Years in the financial services and distribution industry. industry with several international insurance • Co-Founder of Anyware Corporation Pty brokers and risk managers. Ltd – a leading IT accessory distributor. • Served as a non-execut
Slide 17: Investor Relations
17 Investor Relations Garrison Huang - Company CEO authorised this document on behalf of HT8 board