Breville Group Limited · ASX:BRG
Breville — FY2014 Earnings Presentation
15 slides from Breville's earnings presentation, Aug 21, 2014
Slide 1: Year Ended 30 June 2014 Investor Presentation
For personal use only 20 August 2014 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Year Ended 30 June 2014 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Year Ended 30 June 2014
Slide 2: Year End Results FY14 Investor Presentation
Breville Group Limited For personal use only YEAR END RESULTS FY14 INVESTOR PRESENTATION
Slide 3: Strategic Initiatives
Strategic Initiatives Core strategy For personal use only • “Food Thinking” – creating simple moments of brilliance • Deliver sustainable growth through product innovation, brand management and distribution capabilities across multiple geographies The Group has: • Continued to invest in product deve
Slide 4: Group Summary Result
Group Summary Result AUDm FY14 FY13 % Chng Key points For personal use only Sale of goods 539.9 469.4 15.0% • New product launches drive revenue growth Keurig commission income 1.7 17.1 (90.1%) • Substantial decrease Keurig Revenue 541.6 486.5 11.3% commission income • Soft North America trading in
Slide 5: Financial Position at June
For personal use only Financial Position at 30 June AUDm FY14 FY13 Key points Inventory 94.3 83.8 • Reduction in working capital ‒ Inventories: net increase - North American 2H fall Receivables 78.4 90.8 in juicer sales, wider range of new products Trade and other payables (81.8) (82.3) ‒ Receivable
Slide 6: EPS and Dividend
For personal use only EPS and Dividend 45.00 EPS and DPS 40.00 35.00 ce nts per s hare 30.00 25.00 Earnings per share 20.00 (reported) - basic 15.00 10.00 Dividends per share 5.00 - FY09 FY10 FY11 FY12 FY13 FY14 5 year compound annual growth • EPS of 32.8% • DPS of 37.5% 5
Slide 7: EBIT
For personal use only EBIT Reported EBIT 80,000 70,000 60,000 $000's 50,000 40,000 30,000 20,000 10,000 - FY09 FY10 FY11FY12 FY13 FY14 5 year compound annual growth of 24.6% 6
Slide 8: Operating Segments
Operating Segments Australia and New Zealand (ANZ) For personal use only • 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 kitchen channels an
Slide 9: Segment Results
Segment Results REVENUE EBIT For personal use only AUDm FY14 FY13 % Chng FY14 FY13 % Chng Australia and New Zealand (ANZ) 261.6 240.9 8.6% 24.9 27.3 (9.1%) North America 200.2 192.4 4.1% 30.1 37.9 (20.5%) Rest of World 79.8 51.1 56.1% 20.2 15.7 28.8% Other - 2.1 (4.7) (9.3) TOTAL 541.6 486.5 11.3% 7
Slide 10: Australia and New Zealand (ANZ)
Australia and New Zealand (ANZ) 1H 2H FY For personal use only AUDm 1H14 1H13 % Chng 2H14 2H13 % Chng FY14 FY13 % Chng Revenue 144.6 130.9 10.4% 117.0 110.0 6.4% 261.6 240.9 8.6% EBITDA 16.6 17.4 (4.9%) 9.4 10.9 (13.4%) 26.0 28.3 (8.2%) EBIT 16.1 16.9 (5.0%) 8.8 10.4 (15.7%) 24.9 27.3 (9.1%) EBIT %
Slide 11: North America
North America 1H 2H FY % % % For personal use only AUDm 1H14 1H13 Chng 2H14 2H13 Chng FY14 FY13 Chng Sale of goods 128.7 99.1 29.9% 69.8 76.2 (8.4%) 198.5 175.3 13.2% Commission income 1.3 12.7 (89.8%) 0.4 4.4 (90.8%) 1.7 17.1 (90.1%) Revenue 130.0 111.8 16.3% 70.2 80.6 (12.9%) 200.2 192.4 4.1% EBIT
Slide 12: PolyScience Culinary
For personal use only PolyScience Culinary Sous Vide Vacuum Sealer The Smoking GunTM Professional Immersion Chamber and Professional Complementary Products Circulators Vacuum Sealers Acquisition of the culinary division of PolyScience – the leaders in temperature control solutions. Temperature contr
Slide 13: Rest of World
Rest of World 1H 2H FY For personal use only AUDm 1H14 1H13 % Chng 2H14 2H13 % Chng FY14 FY13 % Chng Revenue 36.6 21.7 69.1% 43.2 29.4 46.6% 79.8 51.1 56.1% EBITDA 9.6 7.5 27.9% 10.7 8.2 30.0% 20.2 15.7 29.0% EBIT 9.5 7.5 27.8% 10.7 8.2 29.8% 20.2 15.7 28.8% EBIT % 26.1% 34.5% 24.7% 27.9% 25.3% 30.7
Slide 14: Flagship Product Launches
For personal use only Flagship Product Launches the Oracle the Boss the Dual Boiler with automatic Easy to use high grinding, tamping and milk texturing velocity superblender The world’s first automatic manual Pulverises virtually any combination of coffee machine. ingredients to increase absorpt
Slide 15: Outlook
Outlook Group’s focus on its “Food Thinking” strategy and commitment to investment in product development and marketing will continue. For personal use only Expected that broader business conditions will remain globally challenging and increasingly competitive into FY15. The Group’s strategy include