Briscoe Group Limited · NZX:BGP
Briscoe — HY July 2022 Earnings Presentation
16 slides from Briscoe's earnings presentation, July 2022
Slide 1: Half Year
Half Year 26 week period ending 31 July 2022
Slide 2: Contents
CONTENTS 3 Highlights 4 Sales 5 Gross profit 6 Net profit after tax 7 Online mix 8 Online experience 9 In-store experience 10 Supply chain 11 Team 12 Community 13 Strategic plan 14 Growth 15 Financial summary 16 Our brand partners 2. .
Slide 3: Highlights
Highlights The Group has delivered a solid half year performance despite the challenges of Omicron, disrupted supply chain and declining economic sentiment. Half year period ended 31 July 2022 RECORD HY SALES SOLID NPAT PERFORMA NCE Group sales +2.66% to $367.9m HY NPAT $45.6m Homeware sales +2.74%
Slide 4: Sales growth
Sales growth Record Half Year Sales - $368M Sales Growth by Segment - HY - FY HY FY HY FY HY FY HY FY HY FY HY YE Jan-18 YE Jan-19 YE Jan-20 YE Jan-21 YE Jan-22 YE Jan-23 Continued sales Continued positive Combination of Store refurbishment growth in a growth across in-store and online programme und
Slide 5: Gross profit margin %
Gross profit margin % Solid Margin Performance 633 basis points gain across the last 2 full year financial periods Strong margin across both Homeware and Sporting Goods despite higher supply chain costs +633 basis points and a weaker New Zealand dollar Benefits from supply chain initiatives evident
Slide 6: Net profit after tax
Net profit after tax On Track To Beat Last Year's Record Performance (NPAT) BGP Guidance = 88+ Solid NPAT performance despite continued supply chain disruption, wage cost pressure and general cost increases Management optimistic for full year NPAT to be ahead of last year's record profit 6. 6. .
Slide 7: Online share of total Group sales
Online share of total Strong Online Performance Group sales BGP Online Sales Mix % COVID 19 LOCKDOWN Continued investment in online developments protecting Step post-lockdown step-change in change online mix Online sales mix stabilising post-lockdowns YE Jan-18 YE Jan-19 YE Jan-20 YE Jan-21 YE Jan-2
Slide 8: Online experience
Online experience Significant step-change in the online experience delivered Introduced new way to shop collections to make it easier to buy product sets New mobile navigation and user experience New product page to make understanding features easier for our customers Introduced online NPS and a qua
Slide 9: Enhancing In-store experience
Enhancing In-store experience Customer Service improvement: Store refurbishment performing well: 7x fully refurbished stores in 1H Launched new data visualisation reporting tools and On-Shelf Availability tool to the retail Very strong customer response management team to improve inventory +2 points
Slide 10: Supply chain continued cost pressures
Supply chain continued cost pressures Significant increase in supply chain costs in the first half vs LY: Longer term supply chain developments: Import shipping costs circa +48% higher Network modelling now completed Congestion at ports and shortage of containers causing increased Defined the increa
Slide 11: Investment in our Team
Investment in our Team Over 6,900 hours invested through our online learning Retail Leadership team actively engaged in our platform with over 93,000 sessions and 1.4 million bespoke Management and Leadership programme reinforcement questions answered by the team with 95% engagement in Management Sk
Slide 12: Community
Community Support for cure kids on track to deliver a record >$1m in donations for the full year Nearly $500k raised in first half Second half is fully loaded with events including: 2 In-store "add a dollar" campaigns 24hr Cycle challenge Charity Golf Day Introduction of online donations 12. .
Slide 13: Strategic plan on track
Strategic plan on track 2022 2023 & B EYOND Attract Online NPS program now live providing Pilot in-store electronic labelling at 6 full omni channel customer visibility stores from November 2022 CUSTOMER In store digital tools launched and Implement Phase 2 of online digital Grow Retain increasing p
Slide 14: Continued growth
Continued growth Well positioned to continue to grow in a challenging market: Continued strong trading performance in both Homewares and Sporting goods Strategic plan is delivering ahead of expectations Strong customer engagement from customer service improvements Ongoing refurbishment programme Hea
Slide 15: Financial summary
Financial summary HY Jul 18 HY Jul 19 HY Jul 20 HY Jul 21 HY Jul 22 FY Jan 19 FY Jan 20 FY Jan 21 FY Jan 22 FY Jan 231. Homeware Revenue - $000 186,701 191,503 184,347 222,628 228,739 403,159 410,908 439,234 460,887 Sporting Goods Revenue - $000 106,499 111,481 108,060 135,793 139,207 228,760 242,10
Slide 16: Our international brand partners
Our international brand partners 16.