Shriro Holdings Ltd. · ASX:SHM
Shriro — FY2017 Earnings Presentation
14 slides from Shriro's earnings presentation, Feb 7, 2018
Slide 1: Shriro Holdings Limited (SHM)
SHRIRO HOLDINGS LIMITED (SHM) 7th February 2018 For personal use only Strictly Private & Confidential
Slide 2: December 2017 Highlights
December 2017 Highlights For personal use only • NPAT up 9.8% • Revenue up 2.6% • Strong operating cash flows of $17.2M (CY16: $15.9M) • Net debt more than halved to $2.0M (30Jun16: $5.5M) • Global expansion of ‘everdure by heston blumenthal’ is progressing in line with expectation • Dividends for C
Slide 3: Segment Revenue Split 2017
Segment Revenue Split 2017 For personal use only Kitchen Appliances (~44% of CY17) Consumer Products (~56% of CY17) Strictly Private & Confidential 3
Slide 4: Profit & Loss Statement
Profit & Loss Statement For personal use only Full Year Ended 31 December 2017 1H17 1H16 • Revenue growth of 2.6% in a $ Million Actual Actual ∆ difficult trading environment Revenue from ordinary 188.3 183.5 2.6% activities Gross Margin % 42.3% 42.6% • Interest costs continued to decline in line wi
Slide 5: Consumer Products
Consumer Products For personal use only Full Year Ended 31 December 2017 CY17 CY16 $ Million $M $M ∆ Revenue from 105.0 101.9 3.0% ordinary activities EBITDA 16.2 16.1 0.6% EBITDA Margin 15.4% 15.8% • Hot weather resulted in strong cooling products sales • BBQ product range international expansion i
Slide 6: G-Shock collaboration with Ta-ku
G‐Shock collaboration with For personal use only Ta‐ku Strictly Private & Confidential 6
Slide 7: Kitchen Appliances
Kitchen Appliances For personal use only Full Year Ended 31 December 2017 CY17 CY16 $ Million $M $M ∆ Revenue from 83.4 81.5 2.3% ordinary activities EBITDA 8.5 6.6 28.8% EBITDA Margin 10.2% 8.1% • Sinks and taps grew 7%, backing up strong growth in CY15 & CY16 • Sales growth from Blanco appliances,
Slide 8: Robinhood product development
Robinhood product development For personal use only Strictly Private & Confidential 8
Slide 9: Balance Sheet
Balance Sheet For personal use only As at 31 December 2017 CY17 CY16 • Net debt reduced from $5.5M to $M $M Current assets $2.0M Cash and cash equivalents 3.5 0.0 Trade and other receivables 36.3 34.9 Inventories 42.1 39.7 • Gearing very low with Net Debt to Other assets 1.6 1.7 Net Debt plus Equity
Slide 10: Cash Flows
Cash Flows For personal use only Full Year Ended 31 December 2017 • Cash flow from operating activities CY17 CY16 $M $M improved: Cash flows from operating activities 17.2 15.9 Improved debtor collection CY16 Net property, plant & equipment (3.4) $M(3.5) Greater profits Dividend (10.5) (8.6) Net
Slide 11: Track Record
Track Record For personal use only Achieved or exceeded numbers communicated to the market * Pro-forma numbers Strictly Private & Confidential 11
Slide 12: Opportunities
Opportunities For personal use only • Product development is continuous in a number of Shriro’s brands. A global customer is forefront of mind • Shriro is developing a global distribution network – maximise product development return • US and Germany market for BBQs • Global market for Robinhood ran
Slide 13: Outlook
Outlook For personal use only • Uncertainty in many macro market metrics continues and Shriro performance is biased to the second half due to seasonal influences • Watch sales expected to increase in 2018 • Global expansion of ‘everdure by heston blumenthal’ to continue, with an expanded product ran
Slide 14: Thank you
For personal use only Thank you Strictly Private & Confidential