Breville Group Limited · ASX:BRG
Breville — H1 FY17 Earnings Presentation
13 slides from Breville's earnings presentation, Feb 23, 2017
Slide 1: ASX cover letter: Half Year Ended 31 December 2016
23 February 2017 For personal use only Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Half Year Ended 31 December 2016 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Half Year En
Slide 2: Half Year Results FY17 Investor Presentation
Breville Group Limited HALF YEAR RESULTS FY17 = J INVESTOR PRESENTATION February 2017
Slide 3: Half year financial summary
For personal use only AUDm 1H17 1H16 % Chng Revenue 339.2 331.2 2.4% EBITDA 54.2 50.7 7.0% EBIT 49.1 46.1 6.7% EBIT margin (%) 14.5% 13.9% NPAT 33.7 30.8 9.4% Basic EPS (cents) 25.9 23.7 9.4% ROE1 (%) 20.1% 19.4% Dividend per share (cents) 15.5 14.5 6.9% Franked (%) 60% 75% Net cash ($m)
Slide 4: For personal use only
3 For personal use only • • • • • • • • •
Slide 5: Revenue and EBIT by segment
REVENUE EBIT EBIT MARGIN (%) AUDm For personal use only 1H17 1H16 % Chng 1H17 1H16 % Chng 1H17 1H16 Global Product 264.8 245.1 8.0% 45.9 41.0 12.0% 17.3% 16.7% % Change CC* 12.9% Distribution 74.3 86.1 (13.7%) 3.3 5.1 (36.0%) 4.4% 5.9% TOTAL 339.2 331.2 2.4% 49.1 46.1 6.7% 14.5% 13.9% 4
Slide 6: Global Product segment revenue
GLOBAL PRODUCT SEGMENT REVENUE AUDm For personal use only 1H17 1H16 % Chng $A % Chng *CC North America 159.4 151.8 5.0% 10.0% Australia and 63.3 52.7 20.1% 19.6% New Zealand (ANZ) Rest of World 42.2 40.6 3.7% 14.8% TOTAL 264.8 245.1 8.0% 12.9% • • • 5
Slide 7: Capital employed and working capital
For personal use only AUDm 1H17 1H16 • Inventory 91.8 115.1 Receivables 158.4 140.1 Trade and other payables (107.0) (96.4) • Working Capital 143.1 158.8 Fixed assets 11.3 12.4 • Intangibles 96.5 89.0 Other assets/(liabilities) (net) (19.1) (16.3) • NET ASSETS EMPLOYED 231.8 243.9 (Cash) (net) (32.7
Slide 8: Transformation Program Update (Product)
Transformation Program Update (Product) * Creatista launched 1 year ahead of schedule and trading well + 2™4 acceleration product launching in Australia in March 17. Product team pulled in launch by 6 months The Oracle Touch Barista-quality coffee from a next generation super-automatic machine + Int
Slide 9: For personal use only
8 For personal use only • • • • • •
Slide 10: For personal use only
9 For personal use only • • • • • •
Slide 11: Transformation Scorecard
Transformation Scorecard Key metrics to measure success June 16 Dec 16 June 17 Dec 17 June 18 Inventory ree I reallocation. [en oe ee re-allocation Le---------------- }------------- I I Growth rate pon nnn nnn nnn acceleration Voll eee +--+ +++ Fe
Slide 12: Inventory metrics
AUDm Dec 16 Dec 15 % Change For personal use only Revenue (trailing twelve months) 584.5 564.3 3.6% Cost of sales1 (trailing twelve months) 349.2 339.2 2.9% Inventory 91.8 115.1 (20.3%) Inventory as % of cost of sales 26.3% 33.9% 1 Cost of sales comprises only the cost of inventory • • • ≈ • • 11
Slide 13: Outlook
Outlook * The Board and management are encouraged by the first half performance as well as the progress of the transformation program * Assuming no significant change in current economic conditions in the Group’s major trading markets, we currently expect the EBIT growth rate in the second half of t