Js Global Lifestyle Company Limited · HKEX:1691
Js Global Lifestyle — FY2024 Earnings Presentation
23 slides from Js Global Lifestyle's earnings presentation, 2025
Slide 1: 2024 Annual Results Presentation
2024年度业绩发布会 2024 ANNUAL RESULTS PRESENTATION
Slide 2: Table of Contents
Table of Contents 1 Financial Updates 3 2 Business Updates - Joyoung 9 3 Business Updates – SharkNinja APAC 13 4 ESG Updates 20 2
Slide 3: Financial Updates
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Slide 4: Key Financial Metrics
Key Financial Metrics Unit: USD mn Annual Report Unit: USD mn Non-IFRS Adjusted Revenue Adjusted revenue(1) 1,429 1,594 1,205 1,363 USD 1,594mn USD 1,363mn +11.5% +13.1% 2023 2024 2023 2024 Gross profit and margin Adjusted gross profit and margin(1) 34.1% 32.0% 32.5% 34.0% 487 510 392 463 USD 463mn
Slide 5: Strong Growth in SN APAC while slightly Drop in Joyoung
Strong Growth in SN APAC while slightly Drop in Joyoung Adjusted Revenue by segment 2024 Adjusted Revenue by segment With Constant Currency USD mn 25.1% 1,363 1,378 1,205 342 350 152 74.9% 1,053 1,021 1,028 2023 Adjusted Revenue by segment 2023 2024 2024 (CC) 12.6% Joyoung SharkNinja APAC (1) The Jo
Slide 6: Improvement in Adjusted Gross Margin
Improvement in Adjusted Gross Margin 34.0% 32.5% 99.0 463.1 USD mn 391.8 (27.7) FY23 Joyoung SharkNinja APAC FY24 Adjusted Gross Margin (1) The adjusted gross profit margin (exclude sourcing) in 2024 is 34.0%. The year-on-year increase of 1.5 percentage points in gross profit margin was mainly benef
Slide 7: Operating Cycle Analysis
Operating Cycle Analysis (1) Trade and bill receivables turnover days(2) Trade and bill payables turnover days(3) In USD mn Inventory turnover days （days） （days） （days） 202 168 93 90 51 46 2023 2024 2023 2024 2023 2024 JS Global (1) Turnover days of average inventories equals average inventories div
Slide 8: Balanced Capital Structure
Balanced Capital Structure Capital expenditure Debt profile and maturities1 Total debt / Total equity USD mn 0.05x 15 27 10 0.01x - 2023 2024 2023 2024 2023 2024 CAPEX Expenditure Interest-bearing loans - Non current Total Debt / Total Equity 8 (1) As of December 31, 2024, the Group’s total bank bor
Slide 9: Business Updates
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Slide 10: 2024 Review and Outlook
2024 Review and Outlook 01 02 2024 Review 2025 Outlook ▪ Launch Tech 3.0 kitchen appliances series ▪ K-Shaped product matrix with attention to ▪ Launch self-developed cleaning appliances entry level models ▪ Enhance the scale and NP margin of the small ▪ Focus on retail market share kitchen applianc
Slide 11: Product Analysis and Strategy
Product Analysis and Strategy 2024 Product Developments ▪ Soymilk makers and high-speed blenders saw counter-trend growth ▪ Non-stick, zero-coating rice cookers experienced steady sales increases ▪ Launched differentiated and innovative products like the Boil-Extract Health Kettle ▪ Released new Sha
Slide 12: Channel Analysis
Channel Analysis 2024 Developments 2025 Strategies Direct sales team growth and steady online Strengthen retail through management of sales expansion staff, terminals, and on-site execution Strengthen the retail terminals by enhancing Optimize e-commerce entry point layout the consumer experience Im
Slide 13: Business Updates
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Slide 14: SN APAC Revenue
SN APAC Revenue 2024 Revenue by region Other Markets With Constant Currency 3.7% S. Korea 20.6% 32.7% Japan 342 349 USD mn 13 13 70 70 43.0% ANZ 147 147 152 4 13 2023 Revenue by region 44 Other Markets 112 119 S. Korea 91 2.7% 8.4% 2023 2024 2024 (CC) Japan ANZ S. Korea Other markets 28.9% 60.0% ANZ
Slide 15: Japan Business update
Japan Business update Cordless Vacuums 20% 9% 17% 12% 2021 2022 2023 2024 Competitor 1 Competitor 2 Shark Food Preparation Category New Launch in 2024 21% Competitor 1 Competitor 2 Ninja 15 Source: GfK POS Value
Slide 16: Australia Business update
Australia Business update Food Preparation Air Fryer 17% 12% 23% 7% 8% 11% 2022 2023 2024 2022 2023 2024 Competitor 1 Competitor 2 Ninja Competitor 1 Competitor 2 Ninja Vacuum Cleaners* Hair Care 11% 13% 1% 3% 4% 2022 2023 2024 2023 2024 Competitor 1 Competitor 2 Shark Competitor 1 Competitor 2 Shar
Slide 17: South Korea Business update
South Korea Business update Food Preparation 17% 15% 12.1% 5% 7.1% 2023-Q4 2024-Q1 2024-Q2 2024-Q3 2024-Q4 Competitor 1 Competitor 2 Ninja Vacuum Cleaners* 4% 5% 2% 3% 1% 2023-Q4 2024-Q1 2024-Q2 2024-Q3 2024-Q4 Competitor 1 Competitor 2 Shark 17 *All Floorcare categories Source: GfK POS Value
Slide 18: 2025 New Products
2025 New Products A machine with a drink in it Description automatically generated A pair of black fan Description automatically generated A group of blenders with different colored containers Description automatically generated 18
Slide 19: New Regions in 2025
New Regions in 2025 Market Capacity Estimation Based on SN APAC’s Existing Categories CHINESE TAIWAN ($ MILLIONS) SOUTH EAST ASIA ($ MILLIONS) Home Appliances (Shark) Kitchen Appliances (Ninja) Home Appliances (Shark) Kitchen Appliances (Ninja) 192 823 1,386 746 19
Slide 20: ESG Updates
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Slide 21: Updates & Highlights in 2024
Updates & Highlights in 2024 Responsible Business Social Welfare ⚫ The “Joyoung Charity Kitchen” project ⚫ The complaint resolution rate was have built 1,617 kitchens, including 133 100%. new kitchens this year, quietly ⚫ SharkNinja APAC mandated BSCI or safeguarded the healthy growth of over SEDEX
Slide 22: Well-recognized ESG performance
Well-recognized ESG performance 2024 MSCI ESG Ratings: A 2024 HKQAA Sustainability Rating: A+, JS Global Lifestyle has been JS Global Lifestyle awarded an A+ in the HKQAA Sustainability for two achieved an A rating in consecutive years, place the the 2024 MSCI ESG Ratings company in the Top 10% in t
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JS Global Lifestyle Company — FY2024 Earnings Presentation on 6ix