Breville Group Limited · ASX:BRG
Breville — H1 FY2013 Earnings Presentation
11 slides from Breville's earnings presentation, Feb 20, 2013
Slide 1: Half Year Ended 31 December 2012 Investor Presentation
For personal use only 20 February 2013 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Half Year Ended 31 December 2012 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Half Year En
Slide 2: Half Year Results FY13 Investor Presentation
For personal use only Breville Group Limited HALF YEAR RESULTS FY13 INVESTOR PRESENTATION February 2013 Jack Lord - Chief Executive Officer Mervyn Cohen - Chief Financial Officer
Slide 3: Group Results Summary
Group Results Summary For personal use only Consistent with guidance (AGM – Nov ‘12) AUDm 1H13 1H12 % Chng Strong growth in International Revenue 264.4 233.6 13.2% Solid performance in Australia EBITDA 49.7 45.2 10.1% Increased investment in marketing Higher effective tax rate EBIT 46.1 41
Slide 4: Geographic Performance
Geographic Performance For personal use only REVENUE EBITDA International as a percentage of Group Revenue 56.7% (1H12: 47.9%) AUDm 1H13 1H12 % Chng 1H13 1H12 % Chng Group EBITDA 72.6% (1H12: 69.0%) Australia 114.6 111.8 2.5% 14.8 14.2 3.9% Reaffirming the Group’s strategy of designing and d
Slide 5: Australia
Australia For personal use only Solid 1H13 performance AUDm 1H13 1H12 % Chng Patchy market conditions Revenue 114.6 111.8 2.5% Growth from Portioned coffee category Food preparation category EBITDA 14.8 14.2 3.9% Decline in Cooking category Focussed marketing activity Premium produ
Slide 6: North America
North America For personal use only Strong result AUDm 1H13 1H12 % Chng Breville revenue growth of 32.4% Revenue 111.8 86.8 28.8% Continued growth juicer category New products/broader ranging Growth in online sector EBITDA 26.0 22.8 14.0% Increased marketing investment YouBrew (single
Slide 7: International Distributors
International Distributors For personal use only Strong result AUDm 1H13 1H12 % Chng European uncertainty, ongoing variable purchasing Revenue 21.7 19.7 9.9% Growth in Breville branded distributor network (Asia-Pacific) EBITDA 7.5 6.0 23.6% Increasing Breville brand support in new markets EB
Slide 8: New Zealand
New Zealand For personal use only Strong result AUDm 1H13 1H12 % Chng Revenue growth from Revenue 16.3 15.2 7.1% Breville designed premium products Focussed marketing activity Increased average selling prices EBITDA 2.7 2.3 13.8% Growth in value share of the market Building Breville br
Slide 9: Financial Position
Financial Position at 30 June For personal use only AUDm 1H13 1H12 Strong balance sheet and continuing strong cash position Inventory 76.8 58.8 Continued focus on working capital management Receivables 125.5 128.6 Inventory increase to support North American growth Trade and other payables (95
Slide 10: Strategic Growth Initiatives
Strategic Growth Initiatives For personal use only Establishing alliances with key industry fellow “Food Thinking” participants Nestle Nespresso SA licence agreement for Australia and New Zealand Distributing a range of Breville co-branded Nespresso portioned espresso machines Launch mid 2013
Slide 11: Outlook
Outlook For personal use only Encouraged by a solid 1H13 performance across all geographies Challenging business conditions expected to continue 2H13 being compared against a very strong 2H12 FY13 guidance2 EBITDA growth in the range 4–8% Strong financial position Enabler of growth str