Cenntro Inc. · NASDAQ:CENN
Cenntro — Naked Brand Group — Investor Presentation (June 2019)
27 slides from Cenntro's investor presentation, Jun 14, 2019
Slide 1: Investor Presentation
nak-d brand group. Investor Presentation NASDAQ: NAKD June 2019
Slide 2: Forward Looking Statements
Forward Looking Statements Additional Information and Where to Find It This investor presentation of Naked Brand Group Limited (‘Naked’) shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of
Slide 3: Naked Brand Group
Naked Brand Group NAKED BRAND GROUP IS A LEADING INTIMATE APPAREL & SLEEPWEAR COMPANY WITH A HIGHLY PRODUCTIVE PORTFOLIO OF GLOBALLY RECOGNIZED COMPANY-OWNED & LICENSED BRANDS 12 Brands are distributed in 43 countries worldwide through 5,500+ retail doors, a growing network of eCommerce sites and 60
Slide 4: Business Overview
Business ih Overview
Slide 5: Brand Vision
Brand Vision worlds Purpose leading Vision | >UPPOtting & uplifting everybody Mission Powering a digital first, omni channel experience COPYRIGHT 2019 naked:s:
Slide 6: Business Overview | Our Story
FOUNDED 1947 Founded in 1947, by Ray and Des Hurley revolutionizing the industry by creating lingerie that could “bend on’ to the body, freeing women from uncomfortable, heavy wires. Through dedication to quality and innovation, Bendon is now a global leader in Intimate Apparel continuing to fit wom
Slide 7: Business Overview | The Global Market
Business Overview | The Global Market Consistent Category Growth AVERAGE REVENUE PER CAPITA IN THE APPAREL MARKET (WORLDWIDE) SAverage 100.00 spend per 76.50 79.57 capita in the gaco 7083 7360 lingerie 61.71 64.65 65.73 is 75.00 59.00 . market 53.43 55.99 57.47 annually if 50.00 25.00 0.00 2010 2011
Slide 8: Business Overview | Iconic House of Brands
Business Overview | Iconic House of Brands Our point of difference: Servicing all generations for every occasion pf fF f 4 Th ——s —— bendon — bendon bendon BOY MAN GIRL HEIDI KLUM MAN Davenport COPYRIGHT 2019 bendon — bendon ayreform CZayreform HEIDI KLUM INTIMATES: pleasure state” rcclenicks ly LOV
Slide 9: Business Overview | Our Customer
Business Overview | Our Customer 2,850,000 1,232,000 CUSTOMER DATABASE SIZE ACTIVE CUSTOMERS $17 (©) (2) 287,052 OUR CUSTOMER § 1220 $ 50 Locking after them through all life's beautiful phases. FEMALE CORE AUDIENCE Letting them shop with us how they choose to. ‘And communicating with them, wherever
Slide 10: FY19 Results
FY19 Resul
Slide 11: Strategic Business Update | Profit & Loss Statement
Strategic Business Update| Profit & Loss Statement Key insights 2019 vs 2018 + Cash constraints led to inventory supply issues, and a consequent inability to meet demand + Stock demand continues to exceed stock supply + Despite the aforesaid, gross profit % maintained + Transaction expenses higher f
Slide 12: Strategic Business Update | Balance Sheet
Strategic Business Update| Balance Sheet Key insights Lower inventories due to lack of working capital Increase in assets following FOH acquisition Lower Borrowings following amortization of debt Increase in equity following capital raises and merger Having decreased debt from $35.9m to $14.4m, the
Slide 13: Slide 13
Slide 14: Strategic Business Update | Current State
Strategic Business Update | Current State New experienced leadership team: + Chief Executive Officer, Anna Johnson - Started October 19 + 2016-2018 — Executive General Manager of The Warehouse Group (NZE: WHS) + 2012-2016 - Head of Bendon “Direct to Customer” channels for 5 years, growing revenue by
Slide 15: Strategic Business Update | Current State
4 itegic Business Update | Current State Restructured and consolidated the global business over the past 6 months: + Exited costly office infrastructure in the UK, EU in Jan 2019 and select Australian and New Zealand independent wholesale relationships by Sept 2019 + Downsized and optimized support
Slide 16: Next phase of optimization
Next phase of optimization + Leverage existing infrastructure with refreshed Balance Sheet to deliver sales growth and incremental margin across all channels + Margin growth through renewed focus on COGS, optimizing product range and inventory profile + Manufacturing partner expansion outside of mai
Slide 17: Strategic Business Update | Our Growth Opportunities
Strategic Business Update | Our Growth Opportunities Significant Short Term Growth opportunities + Expand existing eCommerce business from 32% to 40% of revenue within 3 years, with a focus on Fredericks of Hollywood and Heidi Klum in the USA + Expand existing successful USA mass retail rollouts, wi
Slide 18: Key Takeaways
Key Takeaways + The brands are well positioned to continue to expand the ecommerce revenue with a projected increase from 32% of total revenue to 40% of total revenue within 3 years + Iconic brand and product portfolio with $77.2m in TTM revenue, including an evergreen partnership with Heidi Klum +
Slide 19: Channel Overview
Slide 20: Channel Overview | Business Breakdown
COPYRIGHT 2019 PER MINUTE 5.6 Channel Overview | Business Breakdown BRAS SOLD GLOBALLY 32% GROUP SALES Are online 5,500+ Wholesale doors: Dovid Jones, Myer, Farmers, Woolworths, Dillards, Bloomingdales & Selfridges 60 COMPANY OWNED RETAIL STORES In Australia & New Zealand e@ ACROSS 3 CONTINENTS e@ 4
Slide 21: Channel Overview
% OF SALES BY CHANNEL Channel Overview % OF SALES BY REGION % OF SALES BY BRAND % Bendon Foyrelorm Noked i a lovable o% Fredericks of Hollywood Heidi Klum 23% COPYRIGHT 2019 nak-dis: a
Slide 22: Channel Overview | Ecommerce Business
Channel Overview | Ecommerce Business Global eCommerce business is now 32% ($28,000,000 USD) of the revenue across the business ANNUAL PAGE VIEWS 914,000,000 ANNUAL ONLINE TRANSACTIONS 441,000 ANNUAL VISITS ANNUAL UNITS 18,200,000 1,600,000 on + Unify tech stack globally to reduce cost and simplify
Slide 23: Channel Overview | Store Network
Channel Overview | Store Network Store network consists of 60 stores across Australia and New Zealand, with the opportunity to expand footprint AUS - 24 STORES 16 FULL PRICE 44 OUTLET 6 NEW 72 NET NZ-36 STORES STORES STORES STORES PROMOTER SCORE ia + Targeting 20 % growth FY21 ri + KPI objectives of
Slide 24: Channel Overview | Wholesale Business
COPYRIGHT 2019 5,500+ DOORS WHOLESALE 300 DOORS NAKED & DILLARD'S 30 YEARS WITH MYER & DAVID JONES Channel Overview | Wholesale Business Mey, 4100+ DOORS HEIDI KLUM SOLUTIONS 36 YEARS WITH FARMERS 10 YEARS ALMOST NAKED WITH BLOOMINGDALES nak-dis: Northern Hemisphere USA wide distribution in 4500+ do
Slide 25: Business Overview — Management & Board of Directors
CHAIRMAN Justin Davis-Rice Mr. Davis-Rice is currently Executive Chairman of Bendon Limited. Prior to becoming Executive Chairman, Mr. Davis-Rice served as Chief Executive Officer of Bendon Limited since 2010. As CEO, he transformed the company through an operational restructuring and a re-engineeri
Slide 26: Capital Markets
Capital Markets STOCK: NAKD NASDAQ LISTED NEWS RELEASES June 11, 2019 Naked Brand Group appoints David Anderson as Chief Financial Officer May 14, 2019 Naked Brand Group Limited Signs Definitive Agreement for $1.5 M strategic Investment from TokenPay Swiss AG April 3, 2019 Naked Brand Group Limited
Slide 27: Thank You
COPYRIGHT 2019 THANK YOU Naked Brand Group Limited Company Contact: Joel Primus - Investor Relations joel@thenakedshop.com MZ North America Investor Relations Contact: Chris Tyson - Managing Director 949-491-8235 chris.tyson@mzgroup.us nak-d:z:
Naked Brand Group — Investor Presentation (June 2019) on 6ix