Michael Hill International Ltd. · ASX:MHJ
Michael Hill International — Investor Presentation (February 2021)
12 slides from Michael Hill International's investor presentation, Feb 24, 2021
Slide 1: FY21H1 Results
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Slide 2: Disclaimer
DISCLAIMER Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the anticipated or planned financial and operational performance of Michael Hill International
Slide 3: CEO and CFO FY21H1 Update
Michael Hill International Limited CEO and CFO FY21H1 Update • FY21H1 Performance Overview • FY21H1 Financial Results • Group Results • Key Performance Results • Retail Segment Results • Strategy Update – Emphasis on Growth and Margin • Outlook • Appendix – AASB16 Leases Impact 3
Slide 4: FY21H1 Performance Overview
FY21H1 Performance Overview • FY20Q4 global store network shutdown • Strong sales and margin delivery in Q1 while reopening the store network, and maintaining priority on health and safety protocols • Restarted global supply chain and invested in Christmas inventory • Prioritised key strategies that
Slide 5: FY21H1 Financial Group Results Snapshot
FY20H1 FY21H1 Financial Group Results Snapshot • Delivered significant increase to NPAT and EBIT FY21H1 FY20H1 Change • Unwavering focus on cost truly embedded in Revenue $319.9m $329.5m -2.9% business • Decisive working capital management resulted in a Gross Profit $200.5m $203.4m -1.5% significant
Slide 6: FY21H1 Key Performance Results
FY21H1 Key Performance Results $58.9m +6.3% GROUP EBIT SAME STORE FY20H1: $35.3m SALES GROWTH 6.3% 62.7% $18.5m GROUP SAME STORE 38.4% 289 1 GROUP D IGITASALES L SA LES BRA N D E D COL L ECT ION STORE STORE GROSS MARGIN +102% SA LES NETWORK CLOSED FY20H1: 61.7% FY20H1: 3 5 .4 % FY20H1: 304 IN FY21H1
Slide 7: Michael Hill Segment Results
Michael Hill Segment Results Australia (AUD) New Zealand (NZD) Canada (CAD) FY21H1 FY20H1 Change FY21H1 FY20H1 Change FY21H1 FY20H1 Change Revenue 175.1m 174.2m +0.5% 69.3m 69.9m -0.9% 75.2m 79.9m -5.9% Gross profit 107.6m 104.3m +3.2% 42.3m 41.1m +2.9% 46.3m 46.5m -0.5% Gross margin 61.4% 59.9% +15
Slide 8: Strategy Update - Emphasis on Growth and Margin
Strategy Update - Emphasis on Growth and Margin 8
Slide 9: Strategy Update - Emphasis on Growth and Margin
Strategy Update - Emphasis on Growth and Margin Brand Modern, differentiated, omni-channel jewellery brand Digital Digital-first Retail Elevated productivity and customer experience Fundamentals Omni-channel Customer-led & channel agnostic Loyalty Your love for jewellery rewarded Product Evolution U
Slide 10: Outlook
Outlook
Slide 11: Appendix A: AASB 16 Leases Impact
Appendix A: AASB 16 Leases Impact FY21H1 Impact of FY21H1 FY20H1 Change (AUD million) Stat AASB 16 pre-AASB 16 pre-AASB 16 pre-AASB 16 Revenue 319.9 319.9 329.5 -2.9% Cost of sales -119.4 -119.4 -126.1 -5.3% Gross profit 200.5 200.5 203.4 -1.5% Employee benefits expense -80.6 -80.6 -82.9 -2.9% Occup
Slide 12: we're for love
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