Slide 1: FY19 Full Year Results – Predicted and Solid Growth
For personal use only FY19 FULL YEAR RESULTS Mike Gurry - Chair Keith Smith - Acting CEO – PREDICTED AND SOLID GROWTH JOYCE CORPORATION LTD - FY19 Full Year Shareholder & Broker Presentation 1
Slide 2: FY19 Results
FY19 Results For personal use only Joyce Corporation FY18 Variance FY18 FY19 Underlying * % Statutory $000’s $000’s $000’s $000’s Revenue 101,161 91,419 +10.7% 91,419 EBITDA 11,540 10,221 +12.9% 10,221 Profit after tax from continuing operations 6,734 6,070 +10.9% 6,723 Profit attributable to Joyce
Slide 3: Underlying Growth
KWB – Toowoomba opened 1/9/18 Underlying Growth For personal use only Store openings • KWB opened three new stores and Bedshed opened four franchisee stores; • KWB and Bedshed are expected to maintain this level of annual store openings into the foreseeable future. Sales growth despite weak sector p
Slide 4: Business Unit Review
Business Unit Review For personal use only KWB Group FY19 FY18 Variance KWB now operate out of 20 stores $000’s $000’s and continues to receive the Continuing revenue 64,964 56,324 15.3% Segmental profit 9,452 8,290 14.0% ‘tailwind’ from stores opened in the prior period coming to maturity. Kitchen
Slide 5: KWB Highlights – Leveraging Brand Stage
KWB Highlights — Leveraging Brand Stage For personal use only • Three new stores were opened and one was refurbished to plan. The short- term store roll out plan looks to deploy showrooms in the Northern suburbs of Sydney; • The earnings of the Division continue to benefit both from new stores and t
Slide 6: Lloyds Online Highlights – Maximised Future Potential
Lloyds Online Highlights – Maximised Future Potential For personal use only • Lloyds cemented their reputation as the leading auction house for unique and ultra rare Classic Cars with the Brock and Gosford Motor Museum auctions. • Setting records in the period for multi-million-dollar auction prices
Slide 7: Bedshed Highlights
Bedshed Highlights For personal use only Solid and Consistent Performer • Four new franchise stores opened in population growth corridors such as the one in Robina, QLD. • Bedshed continues to receive franchisee enquiries about joining the team. • Staff are highly trained and knowledgeable, which is
Slide 8: Joyce Dividend Yield
Joyce Dividend Yield For personal use only KWB – West Gosford opened 10/11/18 Lloyds – Brock Auction 06/10/18 In November 2019 a ‘fully franked’ 5.0c final dividend brings the dividend total to 11.7c related to FY19. An increase of 6.4%. • Current forecasts indicate the FY19 level of cash ‘pay out’
Slide 9: Joyce Board and Executive Update
Joyce Board and Executive Update For personal use only The Board have set target of achieving $100m market cap by 2023. To reach this goal it has been recognised by the Board that we will need to ensure we have the right structures in place. At Board level we have continued with the Board Succession
Slide 10: Joyce Overview
Joyce Overview For personal use only Joyce Corporation has commenced execution of its plans for FY20, increasing its geographic footprint and investing in the Group’s brands to further cement consumer support. KWB – West Gosford opened 10/11/18 The Group continues to have strong growth opportunities
Slide 11: Disclaimer
DISCLAIMER For personal use only 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