Slide 1: Year Ended 30 June 2011 Investor Presentation
For personal use only 25 August 2011 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Year Ended 30 June 2011 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Year Ended 30 June 2011
Slide 2: Year End Results FY11 Investor Presentation
For personal use only Breville Group Limited YEAR END RESULTS FY11 INVESTOR PRESENTATION Stephen Audsley - Chief Executive Officer Mervyn Cohen - Chief Financial Officer August 2011
Slide 3: Group Results Summary
Group Results Summary For personal use only Sales revenue $393.6m -0.2% – Continuing business^ sales revenue in constant currency +7.6% Underlying* EBITDA $58.2m +16.3% – Underlying* EBITDA in constant currency +22.6% PAT $31.7m +40.5% EPS 24.5 cents (FY10: 17.4 cents) +40.5% Underlying* return on e
Slide 4: Financial Results Summary
Financial Results Summary For personal use only REPORTED UNDERLYING* A$ Million 2011 2010 % Chng 2011 2010 % Chng Sales revenue 393.6 394.4 (0.2%) 393.6 394.4 (0.2%) EBITDA 52.0 40.9 27.3% 58.2 50.1 16.3% EBIT 45.3 34.1 32.9% 51.5 43.3 19.1% PAT 31.7 22.6 40.5% 35.8 28.5 25.8% Basic EPS (cents) 24.5
Slide 5: Group Highlights
Group Highlights For personal use only Pleasing result in an environment of subdued consumer demand and challenging global economic conditions. Performance demonstrates the Group’s momentum and resilience. Strategy re-affirmed and underpins the trading result. Portfolio of products, ongoing investme
Slide 6: Strong Growth in Earnings, Dividends and ROE
Strong Growth in Earnings, Dividends and ROE For personal use only EPS and DPS Return on equity^^ 30.00 25.0% 25.00 20.0% cents per share 20.00 15.0% ROE % Earnings per share (basic)^ 15.00 10.0% Dividends per share 10.00 5.0% 5.00 0.0% FY07 FY08 FY09 FY10 FY11 - ^ represents underlying ^^ ROE means
Slide 7: Australia
Australia For personal use only REPORTED UNDERLYING* A$ Million 2011 2010 % Chng 2011 2010 % Chng Sales revenue 201.3 208.7 (3.5%) 201.3 208.7 (3.5%) EBITDA 21.5 24.0 24.1 (10.1%) (10.5%) 22.3 24.1 (7.3%) EBITDA % 10.7% 11.5% 11.1% 11.5% EBIT 20.2 22.3 22.4 (9.6%) (10.0%) 21.0 22.5 (6.7%) EBIT % 10.
Slide 8: North America
North America For personal use only REPORTED UNDERLYING* A$ Million 2011 2010 % Chng 2011 2010 % Chng Sales revenue 124.4 129.8 (4.2%) 124.4 129.8 (4.2%) EBITDA 19.7 13.1 51.0% 19.7 14.0 40.8% EBITDA % 15.8% 10.1% 15.9% 10.8% EBIT 19.1 12.1 57.6% 19.1 13.1 46.3% EBIT % 15.4% 9.3% 15.4% 10.1% Strong
Slide 9: International Distributors
International Distributors For personal use only REPORTED UNDERLYING* A$ Million 2011 2010 % Chng 2011 2010 % Chng Sales revenue 44.2 31.6 40.1% 44.2 31.6 40.1% EBITDA 13.5 10.0 35.1% 13.6 10.1 34.1% EBITDA % 30.6% 31.7% 30.7% 32.1% EBIT 13.5 10.0 35.3% 13.5 10.1 34.3% EBIT % 30.6% 31.6% 30.6% 32.0%
Slide 10: New Zealand
New Zealand For personal use only REPORTED UNDERLYING* A$ Million 2011 2010 % Chng 2011 2010 % Chng Sales revenue 23.7 24.3 (2.5%) 23.7 24.3 (2.5%) EBITDA 2.7 2.3 17.1% 2.7 2.3 18.3% EBITDA % 11.3% 9.4% 11.4% 9.4% EBIT 2.7 2.3 17.5% 2.7 2.3 18.7% EBIT % 11.2% 9.3% 11.3% 9.3% Sales 2.5% lower than FY
Slide 11: Financial Position at June
Financial Position at 30 June For personal use only A$ Million 2011 2010 Inventory 57.9 63.8 Receivables 67.3 68.0 Trade and other payables (59.1) (64.3) Working Capital 66.1 67.5 Fixed assets 5.1 7.7 Intangibles 70.0 68.5 Other (liabilities)/assets (net) (14.9) (2.7) NET ASSETS EMPLOYED 126.3 141.0
Slide 12: Strategy
Strategy For personal use only Good progress on the achievement of stated objectives: − Increased earnings - Performance demonstrates the Group’s momentum and resilience. − Building a sustainable growth platform. − Strengthening and growing the Breville brand internationally. − Expanded distribution
Slide 13: Outlook
Outlook For personal use only Trading conditions: − Global economic outlook remains uncertain. − Retail trading conditions expected to be difficult. − Further product cost pressures from China. − Volatile AUD/USD exchange rate - translation impact on international earnings. Group well positioned for