Slide 1: FY20 Half Year Results – Growing the Business
FY20 HALF YEAR RESULTS Mike Gurry - Chair Keith Smith - Acting CEO – GROWING THE BUSINESS JOYCE CORPORATION LTD – FY20 Half Year Shareholder & Broker Presentation 1
Slide 2: FY20 Half Year Results
FY20 Half Year Results Joyce Corporation HY20* HY20 Base HY19 Variance $000’s $000’s $000’s % Revenue 52,406 52,406 50,150 ↑ 4.5% Contribution margin 27,591 27,591 27,103 ↑ 1.8% EBITDA 7,326 6,831 7,512 ↓ 2.5% Profit after tax from continuing operations 2,791 2,445 3,603 ↓ 22.5% KWB and Bedshed cont
Slide 3: Underlying Growth Potential
KWB – Toowoomba opened 1/9/18 Underlying Growth Potential Steady revenue and profit growth from Bedshed and KWB • In a flat retail market, Bedshed delivered 21% earnings growth; • KWB Group sales increased by 15%, as returns from our investment in our people and infrastructure drive growth. Soft mar
Slide 4: Business Unit Review
Business Unit Review Joyce has worked closely with the Lloyds team to reduce ongoing operational cost and simplify the business. Competitors have recently been entering into Lloyds Online HY20 HY19 Variance adverse commercial arrangements that should cease in the medium $000’s $000’s % term. It is a
Slide 5: Joyce Dividend Yield & Market Context
Joyce Dividend Yield & Market Context Walkinshaw Andretti United Racing Partner KWB – West Gosford opened 10/11/18 Lloyds – Brock Auction 06/10/18 In November 2019 a ‘fully franked’ 5.0c final dividend brought the dividend total to 11.7c for FY19, an increase of over 6%. On 25 February 2020 the Boar
Slide 6: KWB Highlights — Building Our Brand
KWB Highlights — Building Our Brand • Planning underway to establish three new showrooms in mid-calendar 2020; • A key differentiator of KWB is the knowledge and quality of staff, particularly the design team. To support this, a bespoke ‘Academy’ was opened in November ‘19 to maintain and grow this
Slide 7: Lloyds Online Highlights — Positioned For The Future
Lloyds Online Highlights – Positioned For The Future • Lloyds cemented its reputation as the leading auction house for unique and ultra rare Classic Cars, and has created new verticals in art, jewellery and watches; • As a result of Lloyds delivering sector leading price records, there has been unpr
Slide 8: Bedshed Highlights
Bedshed Highlights Profitable growth for one of Australia’s leading Brands • The Bedshed team is fielding record levels of interest from potential new franchisees; • Bedshed marketing campaigns won the Large Format Retailers Association main award, a prestigious accolade in the Retail Sector; • The
Slide 9: Corporate
Corporate The Board has set a target of achieving $100m market cap. To achieve this Joyce is embarking on an organic and in-organic growth program. To enact these plans and achieve our goal it has been recognised by the Board that we will need to ensure we have the right talent and structures in pla
Slide 10: Joyce Overview
Joyce Overview To ensure our growth and achievement of our goals we have defined the ‘Joyce Way’ – a set of principles by which we do business and this guides us in our dealings with current and future partners as well KWB – West Gosford as the opened 10/11/18 businesses we interact with. The Group
Slide 11: Disclaimer
DISCLAIMER Information contained in this presentation may involve forward looking statements, including 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 time of printing,