Premier Investments Limited · ASX:PMV
Premier Investments — Investor Presentation (March 2025)
24 slides from Premier Investments's investor presentation, Mar 21, 2025
Slide 1: 2025 Half Year Results Overview
Premier Investments Limited 2025 Half Year Results Overview 21 March 2025 0 X
Slide 2: Contents
Contents 1. Premier Investments Limited 1H25 overview 2. Premier Investments Limited – Apparel Brands sale to Myer 3. Premier Retail 1H25 overview 4. Peter Alexander 5. Smiggle Appendices A. Financial Reconciliations B. Brand Sales and Store numbers summary 13 1
Slide 3: Premier Investments Limited 1H25 Overview
peteralexander PREMIER INVESTMENTS LIMITED 1H25 OVERVIEW
Slide 4: Premier Investments Limited 1H25 overview
Premier Investments Limited 1H25 overview CONTINUING AND CONTINUING OPERATIONS DISCONTINUED OPERATIONS Premier Retail EBIT Premier Retail EBIT PMV $162.0 million (pre AASB16) $129.4 million (pre AASB16) GROUP Down 20.9% vs 1H24 Down 16.0% vs 1H24 1H25 Results Premier NPAT Premier PBT Statutory: $117
Slide 5: Premier Investments Limited 1H25 overview
Premier Investments Limited 1H25 overview Breville Investment Property Premier Retail Head Office and 25.4% investment in BRG Australian Distribution Centre at historical cost: Market value at 25 Jan 2025: $68.9 million PMV $1.33 billion GROUP Cash on hand Cash Dividends received: Cash on hand at 25
Slide 6: Premier Investments Limited: Apparel Brands sale to Myer
Premier Investments Limited: Apparel Brands sale to Myer • After the end of 1H25 Premier successfully completed the sale of the Apparel Brands to Myer, therefore ceasing to own the Apparel Brands (comprising the brands Just Jeans, Jay Jays, Jacqui E, Portmans and Dotti) and its investment in Myer •
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Slide 8: Premier Retail – delivers in a challenging environment
Premier Retail – delivers in a challenging environment • In a challenging general discretionary retail environment with consumers continuing to face increased cost of living pressures, the group’s strategy remains anchored on delivering value for customers in our products and shopping experience, wh
Slide 9: Premier Retail 1H25
Total 7 Brands Apparel Brands Continuing operations Discontinued operations SALES SALES SALES $857.8 million $455.0 million $402.9 million -2.5% vs 1H24 -1.8% vs 1H24 -3.2% vs 1H24 Premier Retail Gross Profit Gross Profit Gross Profit $538.0 million $308.5 million $229.5 million -3.7% vs 1H24 -2.6%
Slide 10: Peter Alexander – strong growth continues
Peter Alexander – strong growth continues • Record first half sales of $297.7 million, up 6.6% on 1H24 • Peter Alexander sales have more than doubled over the past 5 Peter Alexander Sales $'M years since 1H20, at a CAGR of 15.5% 400 • Both retail store and online channels delivered strong growth • S
Slide 11: Peter Alexander – investment in retail channel continues
Peter Alexander – investment in retail channel continues Peter Alexander investment in retail channel delivering significant growth within existing markets of Australia & New Zealand: • 4 new stores were opened during 1H25, all trading ahead • 4 existing stores were relocated and/or expanded during
Slide 12: Peter Alexander – Chadstone Flagship opening
Peter Alexander – Chadstone Flagship opening • In October 2024, the brand’s flagship and number one store - Chadstone (VIC) - was relocated and expanded in footprint by over 50% into 429 SQM. • Chadstone is the first store with our new innovative store concept design, modernising the much-loved heri
Slide 13: Peter Alexander – United Kingdom launch November 2024
Peter Alexander – United Kingdom launch November 2024 • A dedicated Peter Alexander UK website and 3 stores in prime London shopping centres were launched in November 2024 • peteralexander.co.uk launched 29 October 2024 • Westfield London: opened 2 November 2024 • Westfield Stratford: opened 9 Novem
Slide 14: Peter Alexander – Powerful designer brand with runway for further growth
Peter Alexander – Powerful designer brand with runway for further growth Peter Alexander has a significant runway for further growth: • 2 new stores and 4 relocations / expansions into larger formats have already been confirmed to open in 2H25 across Australia and New Zealand • Over 15 further oppor
Slide 15: Smiggle – A highly efficient business primed for future growth opportunities
Smiggle – A highly efficient business primed for future growth opportunities • 1H25 Global sales of $157.3 million in 1H25, down 14.5% on 1H24. The Smiggle consumer continued to be particularly exposed to increased cost of living pressures in all global markets • Improving sales momentum early in 20
Slide 16: Smiggle – Multi-format growth opportunities
Smiggle – Multi-format growth opportunities Smiggle has significant runway for further growth through proprietary store expansion and evolving the current wholesale model Proprietary store expansion • 2 new stores opened in 1H25, while 4 stores closed as the brand continues to focus on operational e
Slide 17: Premier Retail – focus on delivering future EBIT growth
Premier Retail – focus on delivering future EBIT growth • 15+ opportunities have been identified for both • 10+ opportunities have been identified for new new and/or larger format stores in the near term stores in the near term in existing markets in Australia and New Zealand • Continue to develop a
Slide 18: Appendix A: Financial Reconciliations
Appendix A: Financial Reconciliations Impact of AASB 16, Significant Items and other information 17
Slide 19: Continuing and Discontinued Operations and significant items reconciliation
Appendix: Premier Investments Continuing and Discontinued Operations and significant items reconciliation CONTINUING DISCONTINUED OPERATIONS OPERATIONS TOTAL TOTAL 26 weeks to 25 26 weeks to 25 26 weeks to 25 26 weeks to 27 Jan 2025 Jan 2025 Jan 2025 Jan 2024 $'M 1H25 1H25 1H25 1H24 Premier Retail E
Slide 20: Premier Retail segment Profit and Loss impact of AASB 16 and Significant Items
Appendix: Premier Retail segment Profit and Loss impact of AASB 16 and Significant Items Continuing operations 1H25: Period Ended 25 January 2025 1H24: Period Ended 27 January 2024 1H25 vs 1H24 1H25 vs 1H24 Post AASB16 Pre AASB16 Pre AASB16 Post AASB16 Pre AASB16 Pre AASB16 Pre AASB16 Pre AASB16 Sta
Slide 21: Appendix B: Brand Sales and Store Numbers summary
Appendix B: Brand Sales and Store Numbers summary 20
Slide 22: Continuing operations Overview of Results Store Movements
Continuing operations Overview of Results Overview of Results Sales $157.3m Sales $297.7m excluding UK Sales of Var LY 1H24 -14.5%1 1 $2.3m Var LY 1H24 +6.6% 2 2 Store Movements Jul-24 Open Close Jan-25 Store Movements Jul-24 Open Close Jan-25 Australia / NZ 152 1 2 151 Australia 119 4 1 122 Asia 38
Slide 23: Apparel Brands Total Overview of Results
Apparel Brands Total Overview of Results Sales $402.9m 1 Var LY 1H24 -3.2% 2 Store Movements Jul-24 Open Close Jan-25 Australia 603 7 2 608 New Zealand 116 - 4 112 Total 719 7 6 720 Notes: 1. 1H25 Sales growth percentage is reported on comparable 26 weeks of 1H24 2. Store movements table reflects pe
Slide 24: Overview of Premier's non-IFRS financial information
Appendix Overview of Premier’s non–IFRS financial information • IFRS financial information is financial information that is presented in accordance with all relevant accounting standards. • Non-IFRS financial information is financial information that is presented other than in accordance with all re
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