Breville Group Limited · ASX:BRG
Breville — Shareholder Meeting (November 2015)
22 slides from Breville's shareholder meeting presentation, Nov 11, 2015
Slide 1: ASX cover letter: AGM Presentations
11 November 2015 Manager, Company Announcements For personal use only ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir Breville Group Limited – Annual General Meeting Presentations Please find attached the Chairman’s Address to shareholders and CEO’s Review of Operations to be delivere
Slide 2: Chairman's Address (speech notes)
11 November 2015 Chairman’s Address Slide 2 Good morning ladies and gentlemen and welcome to Breville Group Limited’s 2015 AGM. For personal use only Slide 3 Welcome to Breville’s fantastic new home in Alexandria. Breville’s commitment to “Food Thinking” and ongoing investment in product development
Slide 3: Chairman's Address: outlook and thanks
Reflecting the confidence in the strength and prospects for the business and commitment to providing strong returns to shareholders, the Board maintained the level of dividends. Cash flows used in investing activities increased by $10.1m compared to the prior year with the Group’s net cash position
Slide 4: CEO's Review of Operations (speech notes)
CEO’s Review of Operations Thank you Steve and welcome ladies and gentlemen. As many of you are aware, I have been CEO of Breville since 1 July 2015 and although For personal use only having spent only a short time at Breville, I am encouraged by what I have seen. During the last 4 months, I have ha
Slide 5: CEO's speech: segment commentary
Turn to Slide 10 In North America, full year revenue from the sale of goods of $202.6m was 2.0% higher For personal use only than the previous year. While first half total revenue was 10.8% lower than the prior year driven by the continued re-set of the juicer category, second half total revenue fin
Slide 6: Boss To Go Plus and global capabilities
Turn to Slide 13 We would like to introduce you to the Breville Boss To Go™ Plus. The Breville Boss To Go™ Plus uses a powerful 1000 watt motor and Breville's Kinetix blending action to blend finer, with a unique Smooth Edge Tumbler that has no sharp For personal use only external threads or notches
Slide 7: Breville Group Limited Annual General Meeting November 2015
For personal use only Breville Group Limited Annual General Meeting 11 November 2015 Sydney
Slide 8: Chairman's Address
For personal use only Chairman’s Address Mr Steven Fisher 2
Slide 9: An increasingly international business
For personal use only …an increasingly international business with core building blocks in place to take advantage of future growth opportunities 3
Slide 10: Group FY15 Results Summary
For personal use only Group FY15 Results Summary % change FY15 from FY14 Revenue $527.0m -2.7% EBIT $69.6m -1.2% NPAT $46.7m -4.3% EPS 35.9 cents -4.3% DPS (fully franked) 27.0 cps 0.0% • Net Cash flows from operations $45.7m (FY14: $51.2m) • Net Cash $32.8m (FY14: $47.0m) 4
Slide 11: Outlook FY2016
For personal use only Outlook FY2016 • Trading to end of October 2015 in line with our expectations • In countries whose currency has been impacted by the strengthening USD, business conditions are challenging • Too early to provide guidance on FY16 given the importance of the key November/December
Slide 12: Thank you
For personal use only Thank you • Thank you — Breville team — Retiring Board member, Sam Weiss — Board colleagues — Suppliers, customers and consumers — Valued shareholders 6
Slide 13: CEO's Review of Operations
For personal use only CEO’s Review of Operations Mr Jim Clayton Group CEO 7 7
Slide 14: Group
Group 1H 2H FY For personal use only % % % AUDm 1H15 1H14 Chng 2H15 2H14 Chng FY15 FY14 Chng Revenue 293.9 311.3 (5.6%) 233.1 230.3 1.2% 527.0 541.6 (2.7%) EBITDA 47.2 49.1 (4.0%) 29.8 28.8 3.5% 77.0 77.9 (1.2%) EBIT 43.6 45.6 (4.5%) 26.0 24.9 4.8% 69.6 70.4 (1.2%) EBIT % 14.8% 14.6% 11.2% 10.8% 13.
Slide 15: Segment Results
Segment Results REVENUE EBIT For personal use only AUDm FY15 FY14 % Chng FY15 FY14 % Chng Australia and New Zealand (ANZ) 245.1 261.6 (6.3%) 18.3 24.9 (26.2%) North America 203.1 200.2 1.4% 31.9 30.1 5.9% Rest of World 78.8 79.8 (1.2%) 20.3 20.2 0.7% Other - - (0.9) (4.7) TOTAL 527.0 541.6 (2.7%) 69
Slide 16: North America
North America 1H 2H FY % % % For personal use only AUDm 1H15 1H14 Chng 2H15 2H14 Chng FY15 FY14 Chng Sale of goods 115.7 128.7 (10.1%) 86.9 69.8 24.5% 202.6 198.5 2.0% Commission income 0.3 1.3 (76.4%) 0.2 0.4 (48.5%) 0.5 1.7 (69.8%) Revenue 116.0 130.0 (10.8%) 87.1 70.2 24.1% 203.1 200.2 1.4% EBITD
Slide 17: Australia and New Zealand (ANZ)
Australia and New Zealand (ANZ) 1H 2H FY For personal use only AUDm 1H15 1H14 % Chng 2H15 2H14 % Chng FY15 FY14 % Chng Revenue 142.9 144.6 (1.2%) 102.3 117.0 (12.6%) 245.1 261.6 (6.3%) EBITDA 16.9 16.6 1.8% 2.7 9.4 (71.5%) 19.6 26.0 (24.7%) EBIT 16.3 16.1 1.4% 2.1 8.8 (76.6%) 18.3 24.9 (26.2%) EBIT
Slide 18: Rest of World
Rest of World 1H 2H FY For personal use only AUDm 1H15 1H14 % Chng 2H15 2H14 % Chng FY15 FY14 % Chng Revenue 35.1 36.6 (4.3%) 43.8 43.2 1.4% 78.8 79.8 (1.2%) EBITDA 8.9 9.6 (7.1%) 11.5 10.7 8.1% 20.4 20.2 0.9% EBIT 8.8 9.5 (7.3%) 11.5 10.7 7.9% 20.3 20.2 0.7% EBIT % 25.2% 26.1% 26.3% 24.7% 25.8% 25.
Slide 19: the Boss To Go Plus
For personal use only the Boss To Go™ Plus 13
Slide 20: Initial observations
Initial observations • An increasingly international business, with core capabilities and assets to achieve For personal use only global success: — A passionate and capable team — A solid innovation driven business model — Compelling products with a deep pipeline — Well-positioned brands across geog
Slide 21: the Smart Oven Pro
the Smart Oven® Pro For personal use only 15
Slide 22: Breville: Thought for food
Breville Thought for food