Beacon Lighting Group Ltd · ASX:BLX
Beacon Lighting — H1 FY2019 Earnings Presentation
23 slides from Beacon Lighting's earnings presentation, Feb 19, 2019
Slide 1: H1 FY2019 Results Presentation
For personal use only Beacon Lighting Group Limited H1 FY2019 RESULTS PRESENTATION 19 FEBRUARY 2019
Slide 2: Contents
CONTENTS For personal use only 1 RESULTS OVERVIEW 2 FINANCIAL RESULTS 3 CASH FLOW, BALANCE SHEET & DIVIDENDS 4 GROWTH STRATEGIES 5 H2 FY2019 OUTLOOK 6 QUESTIONS RESULTS PRESENTATION H1 FY2019 2
Slide 3: Results Overview
For personal use only 1 RESULTS OVERVIEW
Slide 4: H1 FY2019 Highlights
1 H1 FY2019 HIGHLIGHTS For personal use only • Group sales result at $128.3m an increase of 4.8% • High gross profit margins maintained at 64.9% • Operating expenses % of sales declined to 50.1% (80 bps) • Group EBITDA result at $19.8m an increase of 5.4% • Group NPAT result at $11.6m an increase of
Slide 5: H1 FY2019 Result
1 H1 FY2019 RESULT For personal use only $'000 H1 FY2018 H1 FY2019 Change $ Change % Sales 122,380 128,296 5,916 4.8% Gross Profit 79,723 83,239 3,516 4.4% Gross Profit Margin % 65.1% 64.9% Other Income 1,327 816 (511) (38.5%) % of Sales 1.1% 0.6% Operating Expenses (1) (62,294) (64,278) (1,984) 3.2
Slide 6: Financial Results
For personal use only 2 FINANCIAL RESULTS
Slide 7: Sales
2 SALES For personal use only SALES: $128.3m Increased by 4.8% COMPARATIVE SALES: Decreased by 0.6% • Modest core business sales growth with the best result in QLD • Emerging Businesses sales increased by 57.0% • Record sales result for Beacon Energy Solutions, Online Sales Channels, Beacon Internat
Slide 8: Gross Profit
2 GROSS PROFIT For personal use only Gross Profit $: Increased by 4.4% to $83.2m • Continued innovation in product development throughout all businesses has supported the Group gross profit dollars and margins • Core Business margins in retail, commercial and wholesale have been maintained • With th
Slide 9: Operating Expenses / Other Income
2 OPERATING EXPENSES / OTHER INCOME For personal use only OPEX: Decreased by 0.8% of Sales to $64.3m $'000 H1 FY2018 H1 FY2019 Change $ Change % Other Income 1,327 816 (511) (38.5)% • Other Income continues to decline as franchised stores are converted into company stores % of Sales 1.1% 0.6% • Ongo
Slide 10: Cash Flow, Balance Sheet & Dividends
For personal use only 3 ASH FLOW, BALANCE SHEET C & DIVIDENDS
Slide 11: Cash Flow
3 CASH FLOW For personal use only • Strong operating cash flow continues to $'000 H1 FY2018 H1 FY2019 be generated Cash Flow from Operations • Capital expenditure includes new stores Receipts from Customers 135,438 140,142 $1.7m and new QLD DC $1.4m Payments to Suppliers & Employees (123,532) (118,8
Slide 12: Balance Sheet
3 BALANCE SHEET For personal use only • Inventories increased to support new stores, $'000 H1 FY2018 H1 FY2019 new supply chain and Emerging Businesses Cash 16,193 23,051 • Receivables increased with the growth in the Receivables 10,323 12,561 Inventories 59,582 67,641 Emerging Businesses Other 1,10
Slide 13: Dividends
3 DIVIDENDS For personal use only • Paid fully franked divided of 2.5 cents per share for H2 FY2018 • Declared a fully franked dividend of 2.55 cents per share for H1 FY2019 (compared to 2.5 cents per share for H1 FY2018) • H1 FY2019 Dividend: Record date 4th March 2019, payment date 25th March 2019
Slide 14: Growth Strategies
For personal use only 4 GROWTH STRATEGIES
Slide 15: Growth Strategies: Strategy Update
4 GROWTH STRATEGIES For personal use only STRATEGY UPDATE Brand and Customer Beacon Lighting will continue to enhance • Core range of more than 3,000 of the latest fashionable, technological advance the brand and the customer experience in and energy efficient lighting and fan products order to incr
Slide 16: Growth Strategies (Continued)
4 GROWTH STRATEGIES (CONTINUED) For personal use only STRATEGY UPDATE New Store Rollout Beacon Lighting will target the opening • Opened 3 new company stores at Warrnambool (VIC), MacKay (QLD) and of 6 new company operated stores in Moore Park (NSW) Australia each year • Closed the Subiaco (WA) stor
Slide 17: Growth Strategies (Continued)
4 GROWTH STRATEGIES (CONTINUED) For personal use only STRATEGY UPDATE Emerging Beacon Lighting will target the • Emerging Businesses sales increased by 57.0% and trading contribution increased by 470.8% Businesses growth of sales and profits of • Beacon Energy Solutions sales increased and continued
Slide 18: H2 FY2019 Outlook
For personal use only 5 H2 FY2019 OUTLOOK
Slide 19: H2 FY2019 Outlook
5 H2 FY2019 OUTLOOK For personal use only • As reported by other retailers, sales remain unpredictable • Company comparative sales were positive in December and negative in January. • Growth opportunities for the Emerging Businesses remain very exciting • New Distribution Center at Parkinson (QLD) w
Slide 20: Questions
For personal use only 6 QUESTIONS
Slide 21: Appendix
7 APPENDIX For personal use only 1. Disclaimer 2. Financial Information RESULTS PRESENTATION H1 FY2019 21
Slide 22: Appendix 1: Disclaimer
7 APPENDIX 1: DISCLAIMER For personal use only The Presentation contains “forward-looking statements”. All statements other than those of historical facts included in the Presentation are forward-looking statements. Where the Company expresses or implies an expectation or belief as to future events
Slide 23: Appendix 2: Financial Information
7 APPENDIX 2: FINANCIAL INFORMATION For personal use only For the purposes of this presentation, please note the following: • H1 FY2019 was for the 26 weeks ending 23 December 2018 • H1 FY2018 was for the 26 weeks ending 24 December 2017 • H1 FY2017 was for the 26 weeks ending 25 December 2016 • H1
Beacon Lighting Group — H1 FY2019 Earnings Presentation on 6ix