Slide 1: Joyce Corporation FYR2017 Results
For personal use only JOYCE CORPORATION FYR2017 RESULTS By A nt h o ny M a n ka r i o s ‐ E xe c u t i ve D i re c to r SEPTEMBER 2017
Slide 2: Agenda
Agenda For personal use only Statutory Report 2017 Summary Key Performance Business Unit Performance Dividends Summary Outlook in 2018 Key Objectives JOYCE CORPORATION LTD 2
Slide 3: Key Performance 2017 Summary
Key Performance 2017 Summary For personal use only JOYCE CORPORATION LTD 3
Slide 4: Key Performance 2017 Summary
Key Performance 2017 Summary For personal use only • Statutory Net Profit After Tax (NPAT) after non controlling interest of $2.76million; up +20.1%. • FYR17 revenue increased to $81 million, up 43% on FYR16; • Gross Sales transactions for total group including Franchise fees and Commissions up to $
Slide 5: Statutory Reporting Summary
Statutory Reporting Summary For personal use only Joyce Corporation Ltd 2017 Results Highlights 2017 2016 Variance $ $ % 000's 000's Revenue 81,009 56,544 43% EBITDA Inc NCI 9,245 5,579 66% EBIT Inc NCI 8,499 5,146 65% Depreciation ‐746 ‐432 73% Net Interest Income 19 133 n/a NPBT 8,518 5,280 61% Ta
Slide 6: Dividends
Dividends For personal use only Dividend History 14c • The Company declared a 6 cents per 12c 11c 11.5c 10.5c share fully franked Dividends to be 10c paid 22nd November. 8c • The total franked Dividends for this 6c 5.5c 6c 6.5c 5c 5c 5c Year to increase to 11.5 cents fully 4c 3c 3c 3.6c 4c franked p
Slide 7: Lloyds Online Auctions section divider
For personal use only JOYCE CORPORATION LTD LOREM ISPSUM DEDICTUS 7
Slide 8: Lloyds Online Auctions (LOA) Review
Lloyds Online Auctions (LOA) Review. For personal use only • Lloyds Auction Auction sales grow to $88M up from $47.9M + up 83%. • Lloyds underlying EBITDA (before one‐off investment) grew 48% to $4.0 Million; Statutory EBITDA grew to $2.95 Million. • National footprint expansion occurred during FYR1
Slide 9: Lloyds Online Auctions - LOA Performance Summary
Lloyds Online Auctions‐LOA Performance Summary: For personal use only Revenue Commissions last 2 EBITDA FYR17 Vs FYR16 Lloyds years LOA. Online Auctions $18,000,000 $4,500,000 $16,373,414 $4,007,600 $16,000,000 $4,000,000 $14,000,000 $3,500,000 $2,775,000 $2,957,150 $12,000,000 $3,000,000 $10,477,63
Slide 10: Bedshed section divider
For personal use only insert Bedshed photos here. JOYCE CORPORATION LTD LOREM ISPSUM DEDICTUS 10
Slide 11: Bedshed - Segment Summary
Bedshed ‐Segment Summary For personal use only Bedshed ‐ Segment Summary Bedshed Franchising Bedding Retail Stores 2017 2016 Var 2017 2016 Var Primary Reporting ‐ Business Segments $ $ $ $ REVENUE Total Sales Revenue $4,262,046 $4,283,081 ‐0.50% $13,045,412 $11,484,112 14% RESULT Operating Profit/(L
Slide 12: Bedshed Performance Review
Bedshed Performance Review For personal use only • Bedshed continued to refit existing stores into the new “Evolution” fit ‐out, providing our customers with industry leading customer experiences and world class shopping environments. • The fit‐ out program was accelerated in FYR17, creating a tempo
Slide 13: COS Underlying EBIT YOY Comparison
COS Underlying EBIT YOY Comparison: For personal use only COS Underlying EBIT YOY comparison. Excludes one‐off impairment charges YOY. 2017 2016 Variances EBIT $437,586 $923,555 ‐53% Moving Warehouse cost $40,000 FX vairances ‐$100,000 Rent free and ‐$244,000 Fit‐out incentives Stock gain on take up
Slide 14: Kitchens section divider
For personal use only JOYCE CORPORATION LTD LOREM ISPSUM DEDICTUS 14
Slide 15: Kitchens Segment Summary
(Kitchen’s) Segment Summary For personal use only KWB Group Kitchens REVENUE 2017 2016 Variance Total Sales Revenue Total Revenue $47,402,586 $40,735,704 16% RESULT Operating Profit/(Loss) excluding extra‐ordinary items $6,401,965 $5,030,592 27% EBITDA $6,401,965 $5,030,592 27% Depreciation ‐$463,80
Slide 16: Kitchen's Performance Review
Kitchen’s Performance Review For personal use only Sales EBITDA In $000's $7,000,000 $6,401,965 $50,000 47,402 $6,000,000 $45,000 40,269 $5,030,592 $40,000 $5,000,000 $35,000 31,535 $30,000 $4,000,000 25,086 $25,000 $3,000,000 $20,000 $15,000 $2,000,000 $10,000 $1,000,000 $5,000 $‐ $0 2014 2015 2016
Slide 17: Kitchen's Performance Review
Kitchen’s Performance Review For personal use only • The Company secured a purchase of a property at 97 Trade St Lytton, extensive works and improvements are completed resulting in FYR18 upswing potential of $1M (in cost savings and incoming rent streams). • Interstate expansion commencing with a to
Slide 18: Joyce Corporation (JYC) Summary
Joyce Corporation {JYC} Summary For personal use only • Company in strong financial position, with low levels of bank debt and opportunity to leverage and grow with cash in bank. • 75 Howe St Construction finished. New rent stream commenced. • QLD Lytton Property modifications finalised and commence
Slide 19: Key Objectives
Key objectives : For personal use only • Step up the Roll‐out of the new “evolution” store fit‐out program to remaining Bedshed stores and expansion into Eastern states. • Grow “B2B” and “B2C” with Lloyds online Auctions FYR 18. • Implement store Franchisee growth and recruitment plan in NSW. • Comm
Slide 20: Outlook in 2018
Outlook in 2018 For personal use only Joyce Corporation { JYC} is in a dynamic growth stage. Statutory Revenue up + 43.4% and network written sales and commissions up +80%. Joyce has mostly counter‐ cyclical business units. This provide relatively low risk, Robust balance sheets making it reason
Slide 21: Disclaimer
Disclaimer For personal use only Information contained in this presentation may involve forward looking statements. Possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Whilst “JYC” believes these are reasonable at the tim