Briscoe Group Limited · NZX:BGP
Briscoe — Shareholder Meeting (May 2025)
42 slides from Briscoe's shareholder meeting presentation, May 15, 2025
Slide 1: Board Chair's Address to the Annual Shareholders Meeting
Board Chair’s Address to the Annual Shareholders Meeting 15 May 2025 The past year has been both exciting and demanding, and I am pleased to report that our ongoing programme to drive a leading, innovative, and competitive retail operation continues to make significant progress. Regardless of the to
Slide 2: Board Chair's Address (continued)
great value, and a continuing focus on providing innovative and rewarding shopping experiences. Development of our store network continued during the latest year, with the highlight being significant progress in the work to deliver new flagship store designs for both Briscoes Homeware and Rebel Spor
Slide 3: Dividend, Incentive Plan and Corporate Governance
Dividend As you know, the Directors approved a final dividend of 10.0 cents per share (cps) which, when added to the interim dividend of 12.5cps, results in a total dividend for the year of 22.5 cps. The total dividend reflects the Group’s increased focus on a number of innovative strategic initiati
Slide 4: Steps to a Better Tomorrow and Closing
As outline earlier, we have made further progress in the Steps to a Better Tomorrow programme, which reflects our determination to support the commitment of our customers and the broader community to protecting the environment. In the Annual Report we have reported on a range of Environmental, Socia
Slide 5: CFO Address to the Annual Shareholders Meeting
CFO Address to the Annual Shareholders Meeting 15 May 2025 Good morning everyone. In 2024, the New Zealand economy continued to navigate a challenging landscape shaped by the lingering effects of the pandemic, fluctuating global markets, climatic events and geopolitical conflicts. As such, important
Slide 6: Group turnover decline and quarterly sales
In fact, the first decline in Group turnover for 16 years when, for the year ended January 2009, turnover declined 4.7% on the back of the Global Financial Crisis. The GFC, was probably the last sustained period of significant economic downturn which severely impacted New Zealand and indeed global e
Slide 7: Balance Sheet
Balance Sheet. The Group’s balance sheet remains strong, with cash and bank balances of $142.4 million as at 26 January 2025, with approximately $30 million of creditor payments included in the trade payables balance subsequently paid on or before 31 January 2025. As you know and will hear more abou
Slide 8: CPO Address to the Annual Shareholders Meeting
CPO Address to the Annual Shareholders Meeting 15 May 2025 We know that to continue to win in the marketplace we must first win in the workplace. Just as we have had many exciting developments across product, property and platforms, the same can be said in relation to our people. We’ve been working
Slide 9: Sales growth, wage rates and capability
we’ve achieved a 20% sales growth alongside an almost 9% improvement in profit. What isn’t obvious or apparent is the steady investment we have made through a 33% increase in wage rates over this same period. Alongside this, we have maintained stable employment with our team, earning both their unde
Slide 10: Safety and the S in ESG
likelihood of injury through manual handling activities, something that has long been an issue across retail and many other industries. This is a terrific example of work that will build both the frontline and the bottom line. Alongside a range of other activities, this relentless focus on avoiding
Slide 11: Managing Director's Address to the Annual Shareholders Meeting
Managing Director’s Address to the Annual Shareholders Meeting 15 May 2025 Thanks Rosanne, and thanks to everybody for coming along today both here and on-line. It really was another tough year, and I certainly share Rosanne’s view that the Board, the Management Team and all our people produced a gr
Slide 12: New store designs and Distribution Centre benefits
elements and technology enhancements. They will look and function quite differently from our regular stores and for customers very exciting environments to shop in. Andrew will shortly give you a detailed overview of our strategic path for the next 3 years but first let me take you through some of t
Slide 13: Thanks to the team
Like Rosanne I too would like to thank the entire team for their outstanding efforts and continued support. On that note, I will hand you back to our Chair, Rosanne.
Slide 14: COO Address to the Annual Shareholders Meeting
COO Address to the Annual Shareholders Meeting 15 May 2025 Thanks Rod and good morning. Before I share some of our exciting developments, I would just like to thank the team for the commitment and resilience through the past 12 months. To deliver the results that Geoff took us through was by no mean
Slide 15: New web platform, Rebel X flagship and DC fit-out
• The new web platform will also catapult our Direct-to-Consumer business to the next level and provide tens of thousands of new products via our Briscoes and Rebel online stores. • By the end of the year we are targeting to launch the new amazing Rebel X flagship at our Panmure store. This store wi
Slide 16: FY27 and FY28 forecast benefits
FY 27 forecast benefits are up to $5m per year of increased profit but this is only the beginning! FY 28 and beyond – Looking forward the stores will look very different to today and will be truly world class and I’m sure our customers will love them. The new planning tool and new DC will be fully e
Slide 17: Annual Shareholders Meeting 15 May 2025
Annual Shareholders Meeting 15 May 2025
Slide 18: Proxies
PROXIES For Discretion Against Total Votes (% of issued capital) 4,947,303 970,892 13,734 5,931,149 Resolution 1 83.40% 16.37% 0.23% 2.66% 4,934,369 977,892 10,725 5,922,986 Resolution 2 83.31% 16.51% 0.18% 2.66% UNLEASHING OUR Resolution 3RETAIL FUTURE 4,539,737 – A LOOK 1,023,027 72,891 5,715,835
Slide 19: Financial Performance
Financial Performance Year Ended 26 January 2025
Slide 20: GDP Growth (%)
GDP Growth (%) 1.5% 1.0% 0.7% 0.5% 0.4% 0.0% Qtr 1 Qtr 2 Qtr 3 Qtr 4 UNLEASHING OUR RETAIL FUTURE – A LOOK -0.5% FORWARD TO THE NEXT 5 YEARS -1.0% -1.1% -1.1% -1.5%
Slide 21: NZD : USD
USD NZD : USD 0.64 0.6310 0.62 0.6106 0.5948 0.60 0.58 0.56 0.5622 0.54 0.52 0.50 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25
Slide 22: Unemployment (%)
Unemployment (%) UNEMPLOYMENT 5.5% 5.1% 5.0% 4.8% 4.6% 4.4% 4.5% 4.0% 4.0% 3.5% 3.0% Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
Slide 23: Inflation (%)
Inflation (%) 5.0% 4.7% 4.0% 4.0% 3.3% 3.0% 2.2% 2.2% 2.0% 1.0% 0.0% Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
Slide 24: OCR (%)
OCR (%) OCR 6.00% 5.50% 5.25% 5.00% 4.75% 4.25% 3.75% 4.00% 3.50% 3.00% 2.00% 1.00% 0.00% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25
Slide 25: Total Sales ($M)
Total Sales ($M) -0.06% 792 791.5 786 744 702 653 632 605 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Slide 26: Quarterly Sales Growth (%)
Quarterly Sales Growth (%) QUARTERLY SALES GROWTH % 4.0% 2.0% 1.03% 0.96% 0.52% 0.0% Qtr 1 Qtr 2 Qtr 3 Qtr 4 -2.0% -3.15% -4.0% -6.0%
Slide 27: Gross Profit %
Gross Profit % GROSS PROFIT % 45.00% -76 basis 44.00% 43.73% points 42.97% 43.00% -0.06% 42.40% = 42.00% -203 basis Sales points 41.00% 40.37% 40.00% 39.00% 38.00% !st Half Full Year
Slide 28: NPAT ($M)
NPAT ($M) 87.9 88.4 84.2 73.2 68.0 63.4 62.6 61.3 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Slide 29: Cash and Bank Balances ($M)
Cash and Bank Balances ($M) CASH AND BANK BALANCES ($M) 175.4 149.9 142.4 100.4 102.5 2020/21 2021/22 2022/23 2023/24 2024/25
Slide 30: Inventory ($M)
Inventory ($M) INVENTORY ($M) 119.5 117.8 104.9 99.7 91.5 2020/21 2021/22 2022/23 2023/24 2024/25
Slide 31: Labour Turnover
Labour Turnover 2YTD) §=22YTD) §=23YTD) = Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Ju+24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Avg Headcount QE Cumulative Terms12mths ss - - --- - LTO Rate (Rolling 12 Months)
Slide 32: Investing In Our Store Team
Investing In Our Store Team Changes FY25 v FY20 soe ERSA _ Wage Rate 33.1% _ SALES 21.2% _ NPAT 15.09 (adj for IFRS) 10.0% 8.7%
Slide 33: First Foundation Scholars
First Foundation Scholars Amy McAulay Emily O'Callaghan Vincent Van Lierop Paloma Torres Jade Savage Jayden McWilliam Ayla Wilson Matilda Paterson
Slide 34: >$100M Capex
The investment we are making over the next few years is going to unlock a significantly improved >$100M retail experience for our customers. Capex
Slide 35: More space in stores for stronger visual merchandising
More space in our stores will allow us to inspire our customers through stronger visual merchandising and storytelling
Slide 36: Slide 36
Slide 37: New DC image
New DC image
Slide 38: Introducing more global brands
We will have the ability to introduce more and more global brands with premium homewares and sportswear products that our customers are demanding and that other retailers can't stock
Slide 39: Projects FY26 - The Current Year
FY26- The Current Year Impact Analytics Adobe Website Rebel Flagship New Drury DC Projects FY26
Slide 40: Projects FY27
FY27 New Product Briscoes Flagship DC Automation Categories Projects FY27
Slide 41: Projects FY28 And Beyond
FY28 And Beyond Global Brands Metro Format Store Sales + Profit Growth Opportunity Projects FY28
Slide 42: Thank you
BRISCOE GROUP LIMITED Thank you