Prestal Holdings Limited · ASX:PTL
Prestal — Pental — H1 FY2019 Earnings Presentation
24 slides from Prestal's earnings presentation, Feb 26, 2019
Slide 1: Pental Limited 2019 Interim Results Investor Presentation
For personal use only Pental Limited 2019 Interim Results Investor Presentation 26 February 2019 Trusted Brands Since 1856 – Pental Limited 1
Slide 2: Agenda
Agenda For personal use only • Pental Overview • Interim Financial Performance • HY19 Business Update • Outlook Presented by Charlie McLeish, CEO Neil Godara, CFO Trusted Brands Since 1856 – Pental Limited 2
Slide 3: Pental Overview
For personal use only Pental Overview Trusted Brands Since 1856 – Pental Limited 3
Slide 4: Our Vision
For personal use only Our Vision “To be a leading supplier of shelf stable products to its chosen markets, built around a reputation of delivering quality, innovation and sustainability to the satisfaction of customer needs whilst enhancing shareholder value.” “We are active in developing new produc
Slide 5: Pental Team
Pental Team For personal use only Board of Directors Peter Robinson John Rishworth John Etherington Kimberlee Wells Oliver Carton Non Executive Non Executive Non Executive Non Executive Company Secretary Independent Chairman Independent Director Independent Director Independent Director Senior Execu
Slide 6: Pental Team
Pental Team For personal use only Australian manufacturing and warehouse base in Shepparton 120 employees in regional Victoria Trusted Brands Since 1856 – Pental Limited 6
Slide 7: Core Values
PEOPLE QUALITY Trust & Development Quality Control For personal use only • Immensely proud of our quality • Compassion, honesty and consistency • Accountability for achieving • Empower, trust and support others business objectives • Encourage positive can-do attitudes • Agile, flexible and • Work as
Slide 8: Interim Financial Performance
For personal use only Interim Financial Performance HY19 Business Update Business Outlook Trusted Brands Since 1856 – Pental Limited 8
Slide 9: Interim Financial Performance Highlights
Interim Financial Performance For personal use only Highlights • Net Profit After Tax $1.438 million – 20.1% increase on pcp • Total Sales Revenue $48.025 million – up 26% on pcp • EBIT $2.085 million – up 19.6% on pcp • Basic EPS 1.06 cents • Interim fully franked dividend 0.70 cents • Strong cash
Slide 10: Key Consolidated Income Statement Items
Interim Financial Performance For personal use only Key Consolidated Income Statement Items • Gross sales have increased by $20.1 million and net sales have increased by $9.9 million on previous corresponding period. This was Dec-18(i) Dec-17(i) Change Change driven predominantly by addition of Dura
Slide 11: Key Statement of Financial Position Items
Interim Financial Performance For personal use only Key Statement of Financial Position Items Dec-18 Jun-18 Change • Working capital increased significantly on $’000 $’000 $’000 June 18 position – however, this is driven by Duracell distributorship business ASSETS Cash (245) 7,045 (7,290) Trade and
Slide 12: Key Consolidated Statement of Cash Flow Items
Interim Financial Performance For personal use only Key Consolidated Statement of Cash Flow Items • The Company was able to fully fund initial working capital requirements for Dec-18 Dec-17 Change $’000 $’000 $’000 Duracell distributorship business without incurring debts. December position reflects
Slide 13: HY19 Business Update
For personal use only Interim Financial Performance HY19 Business Update Business Outlook Trusted Brands Since 1856 – Pental Limited 13
Slide 14: Challenging Retail Environment
P a g Challenging Retail Environment e 1 4 Pressures are likely to impact Pental for the foreseeable future For personal use only Private label growing New retailers Lower brand equity Competition Price increasing compression Trusted Brands Since 1856 – Pental Limited 14
Slide 15: Delivering on Strategy
Delivering on Strategy For personal use only Develop New Value Manufacturing Driving Added Export Sales Growth Product and Sales Continuous Channels Projects Market Improvement • Defending our • Launch New • Creating Partnerships • Grow New Zealand • Cost Savings position Products • Brand Consolidat
Slide 16: Driving Sales Growth
Driving Sales Growth For personal use only ▪ Brand consolidation strategy focused on supporting key retail brands ▪ Development of new branded products that have been accepted for ranging in Coles and IGA ▪ Initiated sales support structure to support our brands and products at store level. ▪ New pa
Slide 17: New Products and Sales Channels
New Products and Sales Channels For personal use only ▪ Duracell distributorship launched efficiently and seamlessly in Australia & New Zealand in 1H19 ▪ New distribution partnership agreed with Australia’s largest pharmacy retail chain Chemist Warehouse - for Pears and Country Life Tradie Soap (on
Slide 18: Value Added Projects
Value Added Projects For personal use only ▪ Strengthened our R&D technical resources to continue developing new products for the market as well as enhancing our current product range ▪ Exploring development of ‘natural’ personal and home hygiene products ▪ Market first innovation in Toilet Cleaners
Slide 19: Export Market
Export Market For personal use only New Zealand China Vietnam Thailand ▪ Continue strong arrangement with our ▪ Continue journey with expansion into Asia. Pental to retain NZ based distributor, six year strong relationships with our smaller China distribution partners. partnership ▪ Commenced negoti
Slide 20: Manufacturing Continuous Improvements
Manufacturing Continuous Improvements For personal use only Distribution Warehouse Manufacturing Improvements Improvements Improvements Delivery New steam boiler to reduce accuracy up Productivity energy costs up 4% on New trade waste system to 7% on previous year reduce chemical usage previous year
Slide 21: Business Outlook
For personal use only Interim Financial Performance HY19 Business Update Business Outlook Trusted Brands Since 1856 – Pental Limited 21
Slide 22: Brand Building for the Future
Brand Building for the Future For personal use only • Targeted consumer NPD • Maintain market leadership • New White King products • New soap bars • Best quality products • Advertising support • Specialised formulations • Strengthening positioning • In-store activation Laundry • Brand consolidation
Slide 23: Business Outlook In Summary
Business Outlook In Summary For personal use only • Retail market continues to remain highly competitive • Margin pressure Outlook • Strong retailer relationships • Continue brand growth and protection • In-store merchandising • Costs out/ down initiatives • Continue to explore new distribution oppo
Slide 24: Thank You
For personal use only Thank You Trusted Brands Since 1856 – Pental Limited 24