Slide 1: FY19 Half Year Results – Predicted and Solid Growth
For personal use only By Anthony Mankarios FY19 HALF YEAR RESULTS Executive Director, and Keith Smith – PREDICTED AND SOLID GROWTH Finance Executive JOYCE CORPORATION LTD - FY19 Half Year Shareholder Presentation 1
Slide 2: HY19 Results
HY19 Results For personal use only Joyce Corporation HY18 Variance HY18 HY19 Underlying * % Statutory $000’s $000’s % $000’s Revenue 49,180 43,918 +12.0% 43,918 Profit after tax from continuing operations 3,174 2,782 +14.1% 3,462 Profit attributable to Joyce shareholders 1,533 1,419 +8.0% 1,752 EPS
Slide 3: Underlying Growth
Bedshed – Robina opened 24/12/18 Underlying Growth For personal use only Store openings • KWB opened three new stores and Bedshed opened one. – Bedshed’s new store is in the high-growth suburb of Robina, Gold Coast. • KWB is expected to maintain a consistent roll out of three or more stores a year i
Slide 4: Joyce Dividend Yield
Joyce Dividend Yield For personal use only % Lloyds – Brock Auction 06/10/18 In November of last year Joyce delivered a ‘fully franked’ 6c final dividend for FY18. • Current forecasts indicate the FY18 level of cash ‘pay out’ can be maintained for the foreseeable future. • This dividend is 10% highe
Slide 5: Business Unit Review
Business Unit Review For personal use only KWB Group HY19 HY18 Variance KWB now operate out of 20 stores and KWB – Helensvale opened 03/11/18 $000’s $000’s continues to receive the ‘tailwind’ Continuing revenue 31,737 26,859 18.2% Segmental profit 5,167 3,779 36.7% from stores opened in the prior pe
Slide 6: KWB Highlights — Optimising Stage
KWB Highlights — Optimising Stage For personal use only • Three stores were opened and one was refurbished (all in Northern NSW) . – The 3-year expansion plan continues to be rolled out – focussed on NSW and VIC. • The results of the Division continue to benefit from the maturing of stores opened in
Slide 7: Lloyds Online Highlights
Lloyds Online Highlights For personal use only Maximised Future Potential • Lloyds continues to bring unique ultra rare cars to market. – Like the GTHO Phase III & IV and the ‘Brock collection’. • Unprecedented free media interest has occurred in the period particularly in the terrestrial TV space.
Slide 8: Bedshed Highlights
Bedshed Highlights For personal use only Solid and Consistent Performer • The Division has multiple franchisee enquiries currently. • Investment in a one-off re-structure and the strengthening of management has occurred in Bedshed’s North QLD store. • Staff are highly trained and knowledgeable, whic
Slide 9: Joyce Overview
Joyce Overview For personal use only Joyce Corporation continues to execute its plans for FY19 to plan; opening four stores and cementing consumer support for the Group’s brands. KWB – West Gosford opened 10/11/18 Our partnering relationships are encapsulated in the ‘Joyce Way’ – a set of principals
Slide 10: Joyce Corp Outlook
Joyce Corp Outlook For personal use only The team have delivered a strong first half and all the planned store changes for FY19 setting the organisation up well for future earnings growth, the next phase is consolidation before the next store openings in HY20. The investment phase in HY19 is planned
Slide 11: Disclaimer
DISCLAIMER For personal use only Information contained in this presentation may involve forward looking statements, including possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Whilst “JYC” believes these are reasonable at