Super Retail Group Limited · ASX:SUL
Super Retail — Macquarie Securities 2009 Australian Emerging Leaders Conference
20 slides from Super Retail's conference presentation, May 8, 2009
Slide 1: Presentation to Macquarie Securities 2009 Australian Emerging Leaders Conference
For personal use only Super Cheap Auto Group Presentation to Macquarie Securities 2009 Australian Emerging Leaders Conference Peter Birtles – Managing Director 8 May 2009
Slide 2: Agenda
Agenda For personal use only • Group Overview • 2008/09 Trading Update • Group Strategic Initiatives 2
Slide 3: Group Overview
For personal use only Group Overview
Slide 4: Super Cheap Auto Group is a Specialty Retail Organisation
Super Cheap Auto Group is a Specialty Retail Organisation For personal use only RELEVANT CATEGORY OPPORTUNITIES • Products for Leisure Time • Growing Markets > $1.5bn • Opportunity to be the Market Leader • Not Fashion / Non Perishable / Non Premium • Mix of Hard Goods and Consumables APPLYING OUR G
Slide 5: Supercheap Auto and BCF retail businesses
For personal use only • The leading retailer of auto parts and accessories across Australia and New Zealand • Convenience retailer focusing on value and range • 254 stores today • The only retailer offering a comprehensive offering across Boating, Camping and Fishing products and accessories • Desti
Slide 6: Goldcross Cycles and Group Services
For personal use only • The largest specialty retailer of bicycles, parts and accessories across Australia • Destination retailer focusing on range and experience • 18 stores today GROUP SERVICES • Group services provides Logistics, Finance, IST, Property, Risk and HR Management support to the retai
Slide 7: 2008/09 Trading Update
For personal use only 2008/09 Trading Update
Slide 8: FY 08/09 1st Half Results - Highlights
FY 08/09 1st Half Results - Highlights For personal use only Group Supercheap Auto • Total sales up by 12.9% • Total sales up by 5.3% • EBIT up by 8.2% • LFL sales up by 4.5% • NPAT up by 8.7% • EBIT margin up by 0.1% pts Capital BCF • Interim dividend up by 18.2% • Total sales up by 29.8% • $25.4m
Slide 9: FY 08/09 2nd Half Trading Update (Supercheap Auto)
FY 08/09 2nd Half Trading Update For personal use only • Store Development – 2 more new stores anticipated this half – 1 store closed this half – 32 refurbishments completed this year • LFL sales – Up by just over 6% so far this half (18 weeks to 2 May) • EBIT margins – Gross margin continue to be s
Slide 10: FY 08/09 2nd Half Trading Update (BCF)
FY 08/09 2nd Half Trading Update For personal use only • Store Development – 1more store anticipated this half • LFL sales – Up by just over 10% so far this half (18 weeks to 2 May) • EBIT margin – Full year margin (pre set up costs) expected to be circa 0.5% pts up on PCP – Set up costs expected to
Slide 11: FY 08/09 2nd Half Trading Update (Goldcross Cycles)
FY 08/09 2nd Half Trading Update For personal use only • Store Development – No further stores anticipated this half • LFL sales – Melbourne stores up by just over 6% so far this half (18 weeks to 2 May) • EBIT – Full year EBIT loss expected to be circa $2.5m reflecting store set up and business dev
Slide 12: FY 08/09 2nd Half Trading Update: Group Costs
FY 08/09 2nd Half Trading Update For personal use only Group Costs • Distribution Centre Costs – Cost of space held for expansion not charged to Business Units expected to be circa $1.2m • Non Trading Non Recurring Items – Net impact expected to be circa $0.5m • Corporate Costs – Expected to be arou
Slide 13: FY 08/09 2nd Half Trading Update: Capital
FY 08/09 2nd Half Trading Update For personal use only Capital • Inventory – Closing inventory investment per store expected to be in line with prior year • Capital Expenditure – Full Year forecast at around $27m • Debt – Net debt expected to be circa $105m at June 27 – Debt comfortably within exist
Slide 14: Group Strategic Initiatives
For personal use only Group Strategic Initiatives 14
Slide 15: Group Strategic Issues
Group Strategic Issues For personal use only • Low growth automotive parts and accessories market • Sources of growth post 2010 • Fluctuating cost of product sourced in China • Attraction, motivation and retention of Team Members • Increasing cost and complexity of supply chain operations • Impact o
Slide 16: Supercheap Auto five-year goals
For personal use only (5 year goal) NETWORK LFL SALES MARGIN ROC EXPANSION GROWTH GROWTH GROWTH (300 STORES) (> 3% PA) (8% EBIT) (> 30%) Multi Format New Refurbishment Program Direct Sourcing Inventory Optimisation Store Program : - Circa 40 stores pa Circa 5 stores pa - Up to $6 m cap ex Supply Cha
Slide 17: BCF five-year goals
For personal use only (5 year goal) NETWORK LFL SALES MARGIN ROC EXPANSION GROWTH GROWTH GROWTH (70 STORES) (> 5% PA) (9% EBIT) (> 25%) Category Opportunities New Store Program : - Water Sports / Kayak Direct Sourcing Inventory Optimisation - 11 New BCF Stores - Trailer Camping - New Formats - Ski /
Slide 18: Goldcross Cycles five-year goals
For personal use only (5 year goal) NETWORK LFL SALES MARGIN ROC EXPANSION GROWTH GROWTH GROWTH (50 STORES) (> 5% PA) (8% EBIT) (> 21%) New Store Program : Range Development Direct Sourcing Supply Chain Development: Own Brand Development - E-Commerce New Channel - Master Data Mgt Development - Suppl
Slide 19: Team Member Development
TEAM MEMBER DEVELOPMENT For personal use only (5 year goal) ATTRACTION RETENTION SATISFACTION SAFETY SUCCESSION (<4 weeks vacancies) (>72.5%) (>77.5%) (LTIs < 0.15%) (> 70%) Team Member Knowledge and Skills Development Business Leadership Academy Team Member Value Proposition Development Human Resou
Slide 20: Thank You
For personal use only THANK YOU! 20
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