Beacon Lighting Group Ltd · ASX:BLX

Beacon Lighting — FY2023 Earnings Presentation

24 slides from Beacon Lighting's earnings presentation, Aug 17, 2023

  1. Slide 1: FY2023 Results Presentation

    FY2023 RESULTS For personal use only PRESENTATION 17 AUGUST 2023

  2. Slide 2: Contents

    CONTENTS 1 RESULTS OVERVIEW 2 FINANCIALS For personal use only 3 STRATEGIC PILLARS OF GROWTH 4 FY2024 OUTLOOK 5 QUESTIONS 6 APPENDIX BEACON LIGHTING GROUP FY2023 RESULTS PRESENTATION 2

  3. Slide 3: Results Overview

    For personal use only 1 RESULTS OVERVIEW

  4. Slide 4: Financial Highlights

    1 FINANCIAL HIGHLIGHTS $312.0m 67.7% $33.6m For personal use only Record Sales Gross Profit Margin NPAT 34.3% 107.3% $96.9m Sales Increase NPAT Increase Inventory from FY2019 from FY2019 BEACON LIGHTING GROUP FY2023 RESULTS PRESENTATION 4

  5. Slide 5: FY2023 Results

    1 FY2023 RESULTS #039;000 FY2022 FY2023 Change $ Change % Sales 304,299 311,955 7,656 2.5% Gross Profit 210,368 211,333 965 0.5% Gross Profit Margin % 69.1% 67.7% For personal use only Other Income(1) 991 1,062 71 7.2% % of Sales 0.3% 0.3% Operating Expenses(2) (118,628) (126,756) (8,128) 6.9% % of Sal

  6. Slide 6: Operational Highlights

    1 OPERATIONAL HIGHLIGHTS RELAUNCHED 21.6% 2&2 BEACON Trade 2 New stores TRADE For personal use only Sales Increase 2 Relocated Stores NEW TRADE 36.0% +7.6% Products and Other Online Trade Investment Trade Initiatives Sales Increase in Marketing BEACON LIGHTING GROUP FY2023 RESULTS PRESENTATION 6

  7. Slide 7: Financials

    2 | FINANCIALS BEACON LIGHTING GROUP Beam TRADE beam INTERNATIONAL, LIGHT SOURS CONNECTED

  8. Slide 8: Sales

    2 SALES SALES: $312.0m increased by 2.5% • Company Store comparative sales increased by 0.4% • Trade sales increased by 21.6% • Online Trade sales increased by 36.0% For personal use only • Record sales for Beacon Lighting Commercial and Custom Lighting Sales $m (1) 312.0 304.3 288.7 250.9 232.3 FY1

  9. Slide 9: Gross Profit

    2 GROSS PROFIT GROSS PROFIT: 67.7% of sales and increased to $211.3m Gross Profit $m (1) 210.4 211.3 • Being a vertically integrated business, Beacon Lighting can manage the 197.3 supply chain from factory to customer 163.4 • Despite the change in the sales mix towards Trade, strong gross profit For

  10. Slide 10: Operating Expenses

    2 OPERATING EXPENSES OPEX: 40.6% of sales for a total of $126.8m #039;000 FY2022 FY2023 Change $ Change % • Despite the cost pressures from inflation, operating expenses continue to be carefully managed with a particularly good outcome in H2 FY23 Marketing 14,459 15,558 1,099 7.6% • Increased investmen

  11. Slide 11: Balance Sheet

    2 BALANCE SHEET • Increased trade receivables by $1.5 million #039;000 JUNE 2022 JUNE 2023 Cash 27,996 20,682 • Inventories increased modestly to $96.9 million Receivables 8,591 13,200 • Total borrowings increased to $22.4 million Inventories 93,094 96,936 Other 2,081 2,298 • Closing cash balance of $2

  12. Slide 12: Cash Flow

    2 CASH FLOW • Operating cash flow declined due to increase in inventory, receivables #039;000 FY2022 FY2023 and reduction in creditors Cash Flow from Operations • Continued Capex investment in the Group for $11.6 million Receipts from Customers 333,410 340,817 • Dividend payments for $18.6 million For

  13. Slide 13: Dividend

    2 DIVIDEND • The Dividend Reinvestment Plan (DRP) was reintroduced in FY2023 For personal use only • Shares issued pursuant to the DRP will be at a 5% discount to the market price • Declared a fully franked dividend of 4.0 cents per share for H2 FY2023 • Paid or declared a fully franked dividend of

  14. Slide 14: Strategic Pillars of Growth

    3 STRATEGIC PILLARS OF GROWTH For personal use only CUSTOMER | Underpinning everything we do at Beacon is a deep understanding of our customers’ needs. STORES TRADE eCOMMERCE NEW A R E WA R D I N G CU S TO M E R E X PE R I E N CE I N DU S TRY LE A D I N G TR A D E CLU B E N G AG I N G W E B S ITE S

  15. Slide 15: Stores

    3 STORES • Beacon Lighting finished FY2023 with a total of 119 stores, with 117 company stores and 2 franchise stores • Opened new stores in Pimpama (QLD) and Armadale (WA), relocated Nunawading (VIC) and Southport (QLD) to new stores and closed the Clarkson (WA) and Crossroads (NSW) stores For pers

  16. Slide 16: Trade

    3 TRADE • The number one priority for Beacon Lighting throughout FY2023 was to have a positive impact upon the lives and businesses of our trade customers • Re-launched Beacon Trade on an industry leading technology platform in December 2022 For personal use only • Total trade sales increased by 21.

  17. Slide 17: eCommerce

    3 eCOMMERCE • Beacon Lighting now has 16 dedicated business websites with the primary websites being www.beaconlighting.com.au and www.beacontrade.com.au • Two new branded websites being “GE Imagine Smart Lighting” and “Made by Mayfair” were launched For personal use only • Online Beacon Trade visit

  18. Slide 18: New Businesses

    3 NEW BUSINESSES • Beacon Lighting Europe sales increased by 53.0% • The number of lighting showroom customers in the USA increased by 32.8% • Beacon Lighting USA sales were impacted by some customers being overstocked at the end of FY2022 and the less elevated sales through the For personal use onl

  19. Slide 19: Sustainability

    3 SUSTAINABILITY • Beacon Lighting has installed 62 solar systems on our operating properties to generate electricity during peak daylight hours • Began a globe recycling trial for some NSW and SA stores allowing our retail and trade customers to return all their used globes and tubes for recycling

  20. Slide 20: FY2024 Outlook

    For personal use only 4 FY2024 OUTLOOK

  21. Slide 21: FY2024 Outlook

    4 FY2024 OUTLOOK • Company Store comparitive sales made a slower start to FY2024 compared to the elevated post-COVID sales result in Q1 FY2023 • Improving the lives and businesses of our Trade customers continues to be the number one priority for Beacon Lighting. The trade sales positive momentum ha

  22. Slide 22: Questions

    For personal use only 5 QUESTIONS

  23. Slide 23: Appendix: Other Information - Disclaimer

    6 APPENDIX: OTHER INFORMATION DISCLAIMER The presentation contains “forward-looking statements”. All statements other than those of historical facts included in the presentation are forward-looking statements. Where the Group expresses or implies an expectation or belief as to future events or resul

  24. Slide 24: For personal use only

    For personal use only www.beaconlighting.com.au

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