Breville Group Limited · ASX:BRG
Breville — H1 2015 Earnings Presentation
14 slides from Breville's earnings presentation, Feb 24, 2015
Slide 1: ASX cover letter for Investor Presentation
For personal use only 24 February 2015 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Half Year Ended 31 December 2014 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Half Year En
Slide 2: Half Year Results FY15 Investor Presentation
For personal use only Breville Group Limited HALF YEAR RESULTS FY15 INVESTOR PRESENTATION FEBRUARY 2015
Slide 3: Strategic Initiatives
Strategic Initiatives Group’s strategy For personal use only — firmly focused on core strategy: “Food Thinking” – creating simple moments of brilliance — core strategic objective: delivering sustainable growth through product innovation, brand management and distribution capabilities across multiple
Slide 4: Group Summary Result
Group Summary Result Key points For personal use only AUDm 1H15 1H14 % Chng • Lower revenue and EBIT primarily due to Revenue 293.9 311.3 (5.6%) softer North American segment (as foreshadowed) EBITDA 47.2 49.1 (4.0%) • ANZ segment showing EBIT growth despite revenue decrease EBIT 43.6 45.6 (4.5%) •
Slide 5: Financial Position at December
Financial Position at 31 December Key points For personal use only AUDm 1H15 1H14 • Translation impact: weakening AUD Inventory 97.1 91.7 • Working capital steady on prior year Receivables 133.0 139.9 ‒ Inventory: net increase – retailers holding lower Trade and other payables (93.6) (95.3) inventor
Slide 6: Operating Segments
Operating Segments Operating segments For personal use only Australia and New Zealand (ANZ) — Breville brand – premium kitchen segment — Kambrook brand – broader range including irons, vacuums, heating and cooling — Philips^ brand – personal and garment care North America — Breville brand - premium
Slide 7: Segment Results
Segment Results REVENUE EBIT For personal use only AUDm 1H15 1H14 % Chng 1H15 1H14 % Chng Australia and 142.9 144.6 (1.2%) 16.3 16.1 1.4% New Zealand (ANZ) North America 116.0 130.0 (10.8%) 20.6 22.8 (9.4%) Rest of World 35.1 36.6 (4.3%) 8.8 9.5 (7.3%) Other - - - (2.2) (2.8) - TOTAL 293.9 311.3 (5.
Slide 8: Australia and New Zealand (ANZ)
For personal use only Australia and New Zealand (ANZ) AUDm 1H15 1H14 % Chng Revenue 142.9 144.6 (1.2%) EBITDA 16.9 16.6 1.8% EBIT 16.3 16.1 1.4% EBIT % 11.4% 11.1% Minor differences may arise due to rounding Key points • Tough retail conditions continuing – negative consumer confidence • Pleasing fi
Slide 9: North America
For personal use only North America AUDm 1H15 1H14 % Chng Sale of goods 115.7 128.7 (10.1%) Commission income 0.3 1.3 (76.4%) Revenue 116.0 130.0 (10.8%) EBITDA 20.8 22.9 (9.3%) EBIT 20.6 22.8 (9.4%) EBIT % 17.8% 17.5% Minor differences may arise due to rounding Key points • Lower revenues in line w
Slide 10: Rest of World
For personal use only Rest of World AUDm 1H15 1H14 % Chng Revenue 35.1 36.6 (4.3%) EBITDA 8.9 9.6 (7.1%) EBIT 8.8 9.5 (7.3%) EBIT % 25.2% 26.1% Minor differences may arise due to rounding Key points • UK business exceeded expectations – revenues from this business representing approximately 30% of s
Slide 11: New product launches
For personal use only New product launches 10
Slide 12: Upcoming Product Launch
Upcoming Product Launch A flagship multi cooker with automated steam release, temperature and pressure based For personal use only on selected foods… 11
Slide 13: Upcoming Product Launch
For personal use only Upcoming Product Launch A flagship hand mixer that automatically adjusts speeds depending on what beaters are engaged and scrapes the bowl without causing noise or scratches 12
Slide 14: CEO Appointment and Outlook
CEO Appointment and Outlook CEO appointment: For personal use only — Discussions with a potential candidate progressing well – expect to make a formal announcement shortly Outlook: — Broader business conditions expected to continue to be globally challenging and competitive in the second half of the