Shaver Shop Group Limited · ASX:SSG
Shaver Shop — Shareholder Meeting (October 2019)
35 slides from Shaver Shop's shareholder meeting presentation, Oct 30, 2019
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 30 OCTOBER 2019
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This management presentation (“Presentation”) has been prepared by Shaver Shop Group Limited ACN 150 747 649 (“Shaver Shop”) and contains general background information about Shaver Shop, its subsidiaries and their activities which is current at th
Slide 3: Table of contents
01 Welcome & For personal use only Introduction 02 Chairman's Address 03 CEO & MD's Address 04 Items of Business Table of contents
Slide 4: Welcome & Introduction
For personal use only Welcome & Introduction
Slide 5: Board of Directors
For personal use only Board of Directors Board members > Brodie Arnhold – Independent Chairman > Cameron Fox – CEO & Managing Director > Craig Mathieson – Independent Director > Trent Peterson – Independent Director > Brian Singer – Independent Director > Melanie Wilson – Independent Director Other
Slide 6: Housekeeping Items
Housekeeping Items Admittance Cards For personal use only > Yellow Cards – voting shareholders & proxy holders > Blue Cards – non-voting shareholders (i.e. already voted) > Red Cards – visitors 6
Slide 7: Chairman's Address
For personal use only Chairman’s Address
Slide 8: Shaver Shop Share Price History
Shaver Shop Share Price History Shaver Shop’s share price has recovered in the last 8 months on the back of a strong operational performance in FY19. We remain focused on delivering strong total shareholder return. For personal use only Price (AUD) $1.22 $1.12 $1.02 $0.92 $0.82 $0.72 $0.62 $0.52 $0.
Slide 9: Shaver Shop Dividend History
Shaver Shop Dividend History Our strong cash flow and conservative balance sheet has enabled Shaver Shop to increase its dividend payout each year For personal use only 5.0 4.5 cps 4.2 cps 4.5 4.0 cps 4.0 3.5 2.5 3.0 2.4 2.4 2.5 2.0 2.0 1.5 1.8 1.6 1.0 0.5 0.0 FY17 FY18 FY19 Interim dividend (cps) F
Slide 10: CEO & Managing Director's Address
For personal use only CEO & Managing Director’s Address
Slide 11: Performance Trends
PERFORMANCE TRENDS Shaver Shop reported record sales and underlying* earnings in FY19 For personal use only Total Underlying* Sales Growth – 11.8% Underlying* FY19 LFL Sales Growth 4.8% Corporate Store Network Growth Normalised EBITDA ($m) 120 106 113 16.0 6 95 8 1 14.0 2.5 100 4 0.1 8 12.0 1.2 Stor
Slide 12: FY19 operational highlights
For personal use only FY19 operational highlights Shaver Shop’s business and value proposition remains highly differentiated reflecting our passion for the products we sell and exceeding customer service expectations through all sales channels > Net Promoter Scores (NPS) remain at world class standa
Slide 13: Shaver Shop's Growth Strategies
Shaver Shop’s Growth Strategies For personal use only Best in class omni retail capabilities Maximising market share in Engaging in- the growing store design men’s personal care segment Category & Corporate Store Margin Network Growth Expansion Product & Service Excellence 13
Slide 14: Best in class omni retail capabilities
Best in class omni retail capabilities For personal use only Total Network - Online Sales Growth (%) > We have just implemented the key enabling technology platforms that will allow Shaver Shop to: Drive our “always on” marketing approach to optimise shopping experience Develop clear and relevan
Slide 15: Engaging new store designs
Engaging new store designs Southland, VIC (before) For personal use only > We are undertaking a store refit program across key doors around Australia reflecting: More contemporary unisex look & feel Modern entry with ‘high vis’ screens Better category segmentation Improved “shopability” In
Slide 16: Corporate store network growth
Corporate store network growth For personal use only Current store network > Shaver Shop has 121 stores across ANZ (115 Corporate Stores and 6 Franchise Stores) New store openings > Newmarket (NZ) store to open in November > Karrinyup (WA) store to re-open in late FY20 > 3-4 store openings (includin
Slide 17: Product & Service Excellence
Product & Service Excellence For personal use only Unique model: Shaver Shop is a unique specialty retailer focused on men's and women's hair removal and health and beauty categories; > Customer service orientated culture (NPS c.83) > Product and category matter experts > Dominant market leader in c
Slide 18: Brand & Category Expansion
Brand & Category For personal use only Expansion > >50% of Shaver Shop’s customers are women > Shaver Shop has successfully expanded both its male and female personal care ranges over the last 30 years > Shaver Shop has grown to offer much more than “shavers” with strong market positioning across ma
Slide 19: Market & market share growth
Market & market share growth Men are using more tools For personal use only Blades Beard trimmers Market growth drivers > Social media - desire to look and feel good > Men are increasing the number of tools used in their personal care/beauty regime (e.g. manscaping) > ANZ is following established ma
Slide 20: Trading Update & Outlook
For personal use only Trading Update & Outlook Shaver Shop on track to deliver sales and EBITDA growth (consistent accounting basis) in FY20 > Like for like sales through 28 October 2019 up 9.2% > Online sales and “always on approach” remain the key driver of like for like sales growth > Full CRM an
Slide 21: Items of Business
For personal use only Items of Business
Slide 22: Conduct of a poll
Conduct of a poll For personal use only A poll will be conducted at the end of the meeting following consideration and discussion of all items of business 22
Slide 23: 1. Annual Financial Report
For personal use only 1. Annual Financial Report “To receive and consider the Financial Report, Directors’ Report and Auditor’s Report of the Company and its controlled entities for the financial year ended 30 June 2019.” There is no vote on this item of business. 23
Slide 24: 2. Adoption of Remuneration Report
2. Adoption of Remuneration Report For personal use only “That the Remuneration Report (which forms part of the Directors’ Report) in respect of the financial year ended 30 June 2019 be adopted.” 24
Slide 25: 2. Adoption of Remuneration Report - Proxies Received
For personal use only 2. Adoption of Remuneration Report Proxies Received Proxies Received # votes % votes For: 45,194,018 73.79% Open: 15,660,991 25.57% Against: 391,234 0.64% Abstain: 573,122 - The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 25
Slide 26: 3. Election of Director – Mr Brodie Arnhold
3. Election of Director – Mr Brodie Arnhold For personal use only “That Brodie Arnhold, who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rules 14.4 and 14.5 and, being eligible for election, be elected as a Director of the Company.” 26
Slide 27: 3. Election of Director – Mr Brodie Arnhold - Proxies
For personal use only 3. Election of Director – Mr Brodie Arnhold Proxies Received Proxies Received # votes % votes For: 63,938,648 79.69% Open: 15,688,641 19.55% Against: 608,338 0.76% Abstain: 6,450 - The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 27
Slide 28: 4. Election of Director – Mr Brian Singer
For personal use only 4. Election of Director – Mr Brian Singer “That Brian Singer, who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rules 14.4 and 14.5 and, being eligible for election, be elected as a Director of the Company.” 28
Slide 29: 4. Election of Director – Mr Brian Singer - Proxies
For personal use only 4. Election of Director – Mr Brian Singer Proxies Received Proxies Received # votes % votes For: 64,503,841 80.39% Open: 15,688,641 19.56% Against: 43,145 0.05% Abstain: 6,450 - The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 29
Slide 30: 5. Approval of issue of securities to Mr Cameron Fox
5. Approval of issue of securities to Mr Cameron Fox, CEO & For personal use only Managing Director “That for the purposes of the ASX Listing Rule 10.14 and all other purposes, approval is given for the issue to the CEO and Managing Director of the Company, Mr Cameron Fox, of up to 650,000 LTI Share
Slide 31: 5. Approval of issue of securities under Amended LTI Plan - Proxies
For personal use only 5. Approval of issue of securities under the Amended LTI Plan to Mr Cameron Fox, CEO & Managing Director Proxies Received Proxies Received # votes % votes For: 59,179,141 77.08% Open: 16,792,829 21.87% Against: 804,960 1.05% Abstain: 46,900 - The Chair of the Meeting intends to
Slide 32: 6. Approval of selective buy back of ordinary shares
For personal use only 6. Approval of selective buy back of ordinary shares “That, for the purposes of section 257D of the Corporations Act 2001, and for all other purposes, the selective buy-back of 106,668 fully paid ordinary shares from two participants under the Alternative LTI Plan on the terms
Slide 33: 6. Approval of selective buy back of ordinary shares - Proxies
For personal use only 6. Approval of selective buy back of ordinary shares Proxies Received Proxies Received # votes % votes For: 63,715,310 79.42% Open: 16,223,361 20.22% Against: 290,356 0.36% Abstain: 13,050 - The Chair of the Meeting intends to vote all available proxies in favour of this resolu
Slide 34: Thank You
For personal use only THANK YOU 34
Slide 35: Annual General Meeting
Annual General Meeting For personal use only 30 OCTOBER 2019
Shaver Shop Group — Shareholder Meeting (October 2019) on 6ix