Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — Q2 2011 Earnings Presentation
14 slides from Fj Benjamin's earnings presentation, Feb 9, 2011
Slide 1: 2Q 11 Results
Enlarged retail footprint fuels 32% growth in turnover 2Q 11 Results NASH BENJAMIN Chief Executive Officer F J Benjamin Holdings Ltd INVESTOR PRESENTATION – 2Q 2011 9 February 2011
Slide 2: Highlights
Highlights ASD 1. Turnover up 18% to $93.1 million. 2. Net Profit jumps 2.3 times to $4.0 million 3. Gross Margins strengthen to 43% from 41% 4. Cost-to-revenue ratio drops to 39% from 41% 5. Signing of new luxury watch business for North Asia 2
Slide 3: Turnover
Turnover Turnover & Gross Margins S$ ‘000 1. Turnover up 18% to $93.1 million • $93.1 m vs $79.0 m in 2Q 10. • Brisk festive sales, less mark-down sees 43% 43% improvement in turnover and margins. • Turnover of Fashion up 12% to $57.9 m from 41% 41% 40% $51.4 m. Strongest growth from Singapore up 18
Slide 4: Turnover By Business Segment
Turnover 2Q 2010 2Q 2011 ($’000) By Business Segment 4
Slide 5: Turnover By Geography
Turnover ($’000) 2Q 2010 2Q 2011 By Geography 5
Slide 6: Net Profit
Net Profit Net Profit After Tax 3. Net Profit jumps 2.3 times to $4.0 million S$ ‘000 • Net Profit After Tax up $4.0m vs $1.7m in 2Q 10 • Operating profit up to $5.1m from $1.0m in 2Q 10 • Forex exchange gain of $0.3m vs $1.3m in 2Q 10 • Profit after tax excluding forex up $3.7m vs $0.4m in 2Q 10 •
Slide 7: Financial Highlights 2Q11
Financial Highlights 2Q11 S$'000 2Q 11 2Q 10 Variance % Turnover 93,059 78,959 14,100 18 Gross margin 43% 41% 2% Operating expenses 36,739 32,636 4,103 13 Operating profit 5,083 1,043 4,040 nm Profit After Tax (excluding forex) 3,740 447 3,293 nm Foreign exchange (loss) / gain 275 1,277 (1,002) nm N
Slide 8: Financial Highlights 1H11
Financial Highlights 1H11 S$'000 1H 11 1H 10 Variance % Turnover 175,920 146,551 29,369 20 Gross margin 43% 40% 3% - Operating expenses 70,954 60,439 10,515 17 Operating profit 7,422 1,393 6,029 433 Profit After Tax (excluding forex) 5,166 370 4,796 nm Foreign exchange (loss) / gain 2,052 1,813 239
Slide 9: Business Highlights
Business Highlights Number of Stores 1 1 Total Square Footage 1 NUMBER OF STORES (‘000) 389 378 353 348 * 2008 2009 2010 2011 Total 187 172 167 165 1 Estimates as at Dec 2010 and are subject to change * conversion of 6 Watchzone corners to retailers’ corners 9
Slide 10: Business Highlights
Business Highlights New Luxury Timepiece - ChronoSwiss • New luxury timepiece brand added to the portfolio for North Asia in December • Territories include Hong Kong, Macau, China, the Philippines and Taiwan • To ride on rapid growth of the luxury timepiece business in Hong Kong, fuelled by high tou
Slide 11: Outlook
ASD Outlook 11
Slide 12: Outlook
Outlook Continued ASD Growth in Tourism ASD • Singapore – tourist arrivals continue to climb and rose 16.1% year on year in November 2010 to hit 963,000 – highest number of arrivals in November • Visitor days has grown 17.5% • Hong Kong tourist arrivals jumped 15.7% year-on-year to hit 3.54m in Dece
Slide 13: Outlook
Outlook Expansion ASD of RAOUL • Encouraging orders from Paris Fashion Week at Hotel Vendome in October 2010 and Coterie Show in New York City in September 2010 • New key accounts opened • Launching in Henri Bendel, NYC in February 2011 • Showing in NYC Fashion Coterie Show in February 2011 and inau
Slide 14: Contact Investor Relations
Contact Darrell Chan Catherine Ong General Counsel Managing Director F J Benjamin Holdings Ltd Catherine Ong & Associates Tel: (65) 6508 7708 Tel: (65) 6327 6088 darrell.chan@fjbenjamin.com cath@catherineong.com Investor Relations
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