Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — 2Q FY2014 Earnings Presentation
13 slides from Fj Benjamin's earnings presentation, Feb 6, 2014
Slide 1: Enlarged retail footprint fuels 32% growth in turnover
Enlarged retail footprint fuels 32% growth in turnover NASH BENJAMIN Chief Executive Officer F J Benjamin Holdings Ltd INVESTOR PRESENTATION – 2Q FY2014 6 FEBRUARY 2014
Slide 2: Financial Highlights
Financial Highlights S$'000 2Q 14 2Q 13 Variance % Turnover 104,606 96,909 7,697 8 Gross margin 38% 43% (5) - Operating expenses 39,977 42,030 (2,053) -5 Operating profit 2,555 1,874 681 36 Exceptional items - 920 (920) -100 Foreign exchange loss (1,024) (813) (211) 26 Net Profit After Tax 531 1,140
Slide 3: Highlights
Highlights ASD 1. Turnover up 8% to $104.6 million 2. Operating profit up 36% to $2.6 million 3. Gross margin declines to 38% 3
Slide 4: Turnover
Turnover Turnover & Gross Margin 41% 43% 42% 43% 1. Turnover climbs 8% to $104.6 million 38% • $104.6m vs $96.9m in 2Q 13 • Turnover for Fashion rises 13% to $76.6m • Timepiece falls 4% to $27.7m Turnover • Revenue from Southeast Asia increases 13% to S$ '000 $90.2m. Fashion gains 10% while timepiec
Slide 5: Turnover By Business Segment
Turnover ($’000) 2Q 2013 2Q 2014 122 331 0% 0% 28,785 27,679 30% 27% 68,002 70% 76,596 73% Fashion Timepiece Others By Business Segment 5
Slide 6: Turnover By Geography
Turnover ($’000) 2Q 2013 2Q 2014 1,063 2,647 11,719 3% 15,763 1% 11% 16% 80,083 83% 90,240 86% Southeast Asia North Asia Italy/UK/USA By Geography 6
Slide 7: Net Profit
Net Profit Net Profit After Tax S$ ‘000 4,639 3. Net Profit drops 53% to $0.5 million vs $1.1million in 2Q 13 4,015 • Operating profit up 36% to $2.6m from $1.9m • Foreign exchange loss of $1.0m vs $0.8m in 2Q 13 • Operating expenses drops 5% to $40m • Increased rental costs for premises • Staff cos
Slide 8: Brands
Brands Fashion • Goyard, France’s top luggage and bag maker, makes its Singapore debut in Ngee Ann City shopping mall in December 2013 • Italian luxury leather goods brand Valextra opens in Singapore’s Paragon Shopping Centre in November 2013 • Two Superdry stores open in KL in November and December
Slide 9: Retail Footprint
Retail Footprint TOTAL SQUARE FOOTAGE NUMBER OF STORES 447 416 250 373 200 150 100 50 0 FY11 FY 12 FY13 FY14* FY11 FY 12 FY13 FY14* Australia 1 0 0 0 Hong Kong 3 5 4 1 Indonesia 75 95 106 110 Malaysia 55 65 67 75 FY 12 Singapore 32 28 35 41 FY13 FY14* Total 166 193 212 227 9 * Projected figures
Slide 10: Outlook
@ BENJAMIN | Outlook 10
Slide 11: Outlook
Outlook SE Asia and North Asia • Fashion business in SE Asia to build on positive sales momentum, aided by strong brands, store openings and continued robust demand in Indonesia • New brands and organic growth to drive topline • China’s economy to remain subdued as policy changes moderate growth and
Slide 12: Outlook
Outlook Brands • TOM FORD to open flagship boutique in Singapore’s Marina Bay Sands by April and in Jakarta, Indonesia in 2015 • Superdry looking to open a store in Singapore this year Cost Containment • Manage inventory levels, focus on lowering gearing • Maintain vigilance on costs, improve produc
Slide 13: Contact
Contact Cheryl Li Catherine Ong F J Benjamin Holdings Ltd Catherine Ong Associates Pte Ltd Tel: (65) 6508 7708 Tel: (65) 6327 6088 Cheryl.li@fjbenjamin.com cath@catherineong.com
F J Benjamin Holdings — 2Q FY2014 Earnings Presentation on 6ix