Harris Technology Group Limited · ASX:HT8
Harris Technology — Shareholder Meeting (November 2022)
15 slides from Harris Technology's shareholder meeting presentation, Nov 23, 2022
Slide 1: 2022 AGM Investor Presentation
For personal use only 2022 AGM Investor Presentation 23 November 2022
Slide 2: Company Summary
Company Summary For personal use only Global vendor networks established Harris Technology Group Limited from 30+ years of experience in (ASX:HT8) is the only dedicated sourcing, wholesaling and distribution for market-leading eCommerce marketplace seller listed on agility to pre-empt retail trends.
Slide 3: Timeline
Timeline For personal use only Harris Technology and ASX listed Shoply was merged by Harris Technology was Founded by Ron Officeworks sold to Anyware Corporation and restructured and it’s growth Harris Wesfarmers in renamed Harris Technology story commenced 1986 2007 2016 2019 1999 2015 2018 2022 Col
Slide 4: Financial Summary
Financial Summary FY22 Revenue FY21 Revenue For personal use only $50.29m $41.8m 20.3% growth vs pcp Financial Focus in FY23 ● Growth in high-margin product sales from FY22 NPAT FY21 NPAT Household products and direct importing (M2C) -$1.46m $1.75m ● Further inventory reduction to preserve cash rese
Slide 5: Business Status Summary
Business Status Summary For personal use only Leveraging the major eCommerce platforms to accelerate growth Operating on all major online eCommerce platforms such as Amazon, eBay, Kogan and Catch etc, Harris benefits from the substantial marketing spending by these platforms that drive traffic to their
Slide 6: Difficult FY22 Trading Conditions
Difficult FY22 Trading Conditions For personal use only A reversion away from home office spending Pandemic spending on home office products was not sustained in FY22 as the working-from-home trend slowed. Additional headwinds were faced in consumer sentiment falling amid macroeconomic pressure of rising
Slide 7: Platform Partnership Reach
Platform Partnership Reach For personal use only Established marketplace seller on all major Australian eCommerce platforms Access to high profile nationwide advertising Established profiles across all major online marketplaces to capitalise on external marketing and advertising that draws online traffi
Slide 8: Harris Technology Website
Harris Technology Website For personal use only Effective eCommerce platform www.ht.com.au drives SME sales and product promotions. Direct Mailing List High source of conversion for clearance products as part of inventory reduction initiatives for immediate access to 60,000+ customers. Major Upgrade
Slide 9: HT Home Website Launch
HT Home Website Launch For personal use only Expansion into the Household category Encouraging sales data from a trial of the Household category that commenced in September 2021, working with local importers and targeting an underserved segment on major marketplaces. Higher Margin Products Sound sal
Slide 10: Manufacturer to Consumer (M2C)
Manufacturer to Consumer (M2C) For personal use only Existing Products Harris Technology sells a range of products through its online channels with exclusivity on behalf of international electronics manufacturers. Some private label products are currently sold through these channels in Australia whi
Slide 11: Inventory Management
Inventory Management For personal use only Pandemic Impact on Online Retail Online shopping trends witnessed through the pandemic were not sustained in FY22, resulting in higher inventory hold for Harris and the online sector.. Inventory Position Inventory as at 31 October 2022 is $7.2M, down from h
Slide 12: For personal use only
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Slide 13: Appendices - FY 2022 Financials
Appendices - FY 2022 Financials For personal use only FY22 FY21 Revenue Revenue +20% revenue growth in FY22, but not anticipated to be Sales revenue 50,295,594 41,800,861 Direct Costs (42,837,482) (34,128,418) maintained in FY23 due to inventory review that has a Gross Profit 7,458,112 7,672,443 stro
Slide 14: Appendices - FY 2022 Financials
A$m FY22 FY21 Appendices - FY 2022 Financials Current Assets Cash and cash equivalents 2,385,803 3,262,107 Trade and other receivables 2,392,703 3,129,379 Inventories 9,788,196 10,766,788 For personal use only Prepayments and deposits 284,429 154,424 Total Current Assets 14,851,131 17,312,698 Non-cu
Slide 15: Disclaimer
Disclaimer For personal use only The Material contained in this document is a presentation of general information about Harris Technology Group Limited (ABN : 93 085 545 973) activities, current as at the date of this presentation on 23 November 2022. It is provided in summary and does not purport t
Harris Technology Group — Shareholder Meeting (November 2022) on 6ix