Kmd Brands Limited · NZX:KMD
Kmd Brands — Kathmandu — Shareholder Meeting (November 2011)
14 slides from Kmd Brands's shareholder meeting presentation, Nov 18, 2011
Slide 1: Kathmandu – Annual General Meeting
KATHMAAJ For personal use only Kathmandu – Annual General Meeting 18 November 2011 1
Slide 2: Agenda, 2011 Annual General Meeting
Agenda, 2011 Annual General Meeting For personal use only • Chairman’s address • Chief Executive Officer’s address • Ordinary business ◦ Item 1: Financial Statements ◦ Item 2: Election of Directors ◦ Item 3: Auditors’ Remuneration ◦ Item 4: Approval of grant of performance rights to Peter Halkett ◦
Slide 3: Chairman's address
For personal use only Chairman’s address
Slide 4: Chairman's address: Financial Highlights
Chairman’s address: Financial Highlights For personal use only • Sales of NZ$301.6 million, up 24.5% • EBIT of NZ$64.0 million, up 32.0% * • NPAT of NZ$39.1 million, up 55.2% * • Final dividend of NZ 7.0 cents per share declared (fully franked, fully imputed) * Prior year EBIT excluding $0.6m of net
Slide 5: CEO address
For personal use only CEO address
Slide 6: 2011 Annual General Meeting
CEO address: 2011 Annual General Meeting For personal use only • FY11 financial highlights • Key milestones • Operational review • Growth strategy update • Trading performance update • FY12 outlook New Camberwell (Melbourne) store 6
Slide 7: FY11 financial highlights
CEO address: FY11 financial highlights • For personal use only Record sales ($306.1m) and earnings result (EBIT $64.0m) • Same store sales growth 15.7% (12.9% at constant exchange rates) underpinned by: ◦ product range growth, ◦ increased inventory investment, ◦ helpful weather conditions. • Strong
Slide 8: FY11 key milestones
CEO address: FY11 key milestones For personal use only • Opening of our 100th store (111 stores at 31 July) • Summit Club membership numbers exceed 500,000 • New brand identity launched 1 September. Most new season product and approximately 70 new and existing stores now carry the new brand identity
Slide 9: Operational review
CEO address: Operational review For personal use only • Australian market now delivers over 60% of Store Rollout History total sales. AU NZ UK • Stores opened during FY11: 6 ◦ Australia: Logan, Wollongong, Perth Harbour Town, Whitford City (WA), 6 Belconnen (Canberra), Southport, 39 Toowoomba, Orang
Slide 10: Growth strategy update
CEO address: Growth strategy update • For personal use only New store rollout: Unchanged target of 15 new stores in FY12, and overall goal of 150 stores across Australia and New Zealand. We have already secured 5 new sites in FY12: • New Zealand: Coastlands, The Palms • Australia: The Rocks, Warrnam
Slide 11: CEO Address: Trading pattern
CEO Address: Trading pattern For personal use only Last Year Sales mix across the year First 16 weeks to Includes Christmas Sale and Includes Easter and Winter Sales 21 Nov 2010 January Clearance 17% 24% 59% FIRST HALF-YEAR SECOND HALF-YEAR • Three major promotions remain critical to our annual trad
Slide 12: Trading performance update
CEO address: Trading performance update For personal use only 15 Weeks to 13 November 2011 • Total group sales for the first 15 weeks $56.0m, approximately $7.7m or 16% above same period last year (17.6% at constant exchange rates). • Same store sales up 7.6%*1 for the first 15 weeks (last year firs
Slide 13: FY12 outlook
CEO address: FY12 outlook For personal use only The Market • Unlikely to see improvement in the current retail conditions in the short term • Operating costs such as rent and payroll outpacing retail sales growth • More competition– regionally & globally “active outdoor” seen as an attractive sector
Slide 14: Other business
For personal use only Other business