Breville Group Limited · ASX:BRG
Breville — FY2010 Earnings Presentation
10 slides from Breville's earnings presentation, Aug 25, 2010
Slide 1: ASX cover letter: Year Ended 30 June 2010 Investor Presentation
For personal use only 25 August 2010 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Year Ended 30 June 2010 Investor Presentation Attached is a copy of Breville Group Limited Investor Presentation for the Year Ended 30 June 2010. Yo
Slide 2: Year End Results FY10 Investor Presentation
For personal use only Breville Group Limited YEAR END RESULTS FY10 INVESTOR PRESENTATION Stephen Audsley - Chief Executive Officer Mervyn Cohen - Chief Financial Officer August 2010
Slide 3: Results Summary
Results Summary For personal use only Group Sales $420.9m -2.6% Group Underlying* EBITDA $50.1m +40.6% Group Underlying* PAT $28.5m +65.0% Group Reported PAT $22.6m +92.1% Underlying* EPS 22.0 cents (2009: 13.3 cents). DPS: 11.0 cents (2009: 5.5 cents). Strong financial position - conservative balan
Slide 4: Financial Results Summary
Financial Results Summary For personal use only REPORTED UNDERLYING* A$ Million 2010 2009 % Chng 2010 2009 % Chng Group Sales Revenue 420.9 431.9 (2.6%) 420.9 431.9 (2.6%) EBITDA 40.9 30.0 36.3% 50.1 35.6 40.6% EBIT 34.1 23.4 45.5% 43.3 29.1 48.9% PAT 22.6 11.8 92.1% 28.5 17.2 65.0% Basic EPS (cents
Slide 5: Geographic Diversity
Geographic Diversity For personal use only Group strategy re-affirmed and underpins trading result: focus on developing innovative products and leveraging those products across multiple geographies. Australia: solid performance − Lower sales than pcp (cycling against growth supported by government s
Slide 6: Australia
Australia For personal use only REPORTED UNDERLYING* A$ Million 2010 2009 % Chng 2010 2009 % Chng Sales 208.7 211.9 (1.5%) 208.7 211.9 (1.5%) EBITDA 24.0 16.1 48.6% 24.1 18.3 31.7% EBITDA % 11.5% 7.6% 11.5% 8.6% Strong growth in EBITDA despite decrease in sales revenue. Growth driven by favourable s
Slide 7: International
International REPORTED UNDERLYING* For personal use only A$ Million 2010 2009 % Chng 2010 2009 % Chng Sales 212.2 220.0 (3.5%) 212.2 220.0 (3.5%) EBITDA 25.4 11.1 128.7% 26.4 12.3 114.2% EBITDA % 12.0% 5.0% 12.5% 5.6% North America: − Substantial EBITDA improvement flowing from: − Strong consumer ac
Slide 8: Financial Position at June
For personal use only Financial Position at 30 June A$ Million 2010 2009 Inventory 63.8 68.2 Receivables 68.0 68.1 Trade and other payables (64.3) (42.7) Working Capital 67.5 93.6 Fixed assets 7.7 8.2 Intangibles 68.5 67.7 Other (liabilities)/assets (net) (2.7) (5.2) NET ASSETS EMPLOYED 141.0 164.3
Slide 9: Strategy
Strategy For personal use only Good progress on the achievement of stated objectives: − Strengthening the Breville brand internationally. − Reduced operating cost base. − Tight working capital management. − Expanded distribution footprint and product range in North America. − Strong financial positi
Slide 10: Outlook
Outlook For personal use only Economic conditions: − Continue to remain uncertain. − Impact of further potential interest rate increases in Australia. − Ongoing foreign exchange volatility. Group well positioned for the future: − Improvement in international operations. − Solid performance of Austra