Breville Group Limited · ASX:BRG
Breville — Shareholder Meeting (November 2019)
35 slides from Breville's shareholder meeting presentation, Nov 13, 2019
Slide 1: Annual General Meeting Presentations cover letter
13 November 2019 Manager, Company Announcements ASX Limited For personal use only 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
13 November 2019 Chairman’s Address Slide 2 For personal use only Good morning ladies and gentlemen and welcome to Breville Group Limited’s 2019 Annual General Meeting. Turn to Slide 3 The 2019 financial year saw another strong result with Breville’s business model and strategy continuing to deliver
Slide 3: Chairman's Address conclusion and CEO's Review of Operations
I would also like to thank Breville / Sage team members around the world for the creative passion and energy that they bring to our company. On behalf of our suppliers, customers, consumers and of course, our valued shareholders and my Board colleagues, I thank you all for your continued support. Fo
Slide 4: Balance sheet commentary
Turn to Slide 11 Turning to the balance sheet, we saw an increase in the use of working capital at the end of FY19, compared to FY18. Our end of year reporting has historically been a period where we see a positive cash balance. But, in FY19, there was a material shift in the sellout pattern to end
Slide 5: Combi Wave and new microwaves
Turn to Slide 17 Continuing with the theme of convergence, we have recently launched the Combi WaveTM 3 in 1, which is an Air Fryer, a Convection Oven, and a Microwave, all in one. Here’s a video that describes the Combi WaveTM. [Play Video]. For personal use only Turn to Slide 18 Launching the Comb
Slide 6: Geographic expansion update
Turn to Slide 23 Finally, I’d like to give you a short update on our geographic expansion efforts. Turn to Slide 24 For personal use only We had a booth at the IFA show in Berlin this year in September (our second time), and this is a picture of the installation. The brand, the products, and our pre
Slide 7: Disclaimer
Disclaimer This Presentation contains certain ‘forward looking statements’. The forward looking statements contained in this Presentation are not guarantees of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Breville
Slide 8: Breville Group Limited Annual General Meeting
November 2019 Breville Group Limited For personal use only Annual General Meeting
Slide 9: Chairman's Address
For personal use only Chairman’s Address Mr Steven Fisher 2 2
Slide 10: Another strong year of growth
For personal use only “Another strong year of growth, geographic expansion and execution of our acceleration program.” 3 3
Slide 11: Group FY19 Results Summary
Group FY19 Results Summary % change For personal use only FY19 from FY18 Revenue $760.0m 17.5% Earnings before interest and tax (EBIT) $97.3m 12.0% Net profit after taxation (NPAT) $67.4m 15.2% Basic earnings per share (EPS) 51.8 cps 15.2% Dividends per share (DPS) 37.0 cps 12.1% • Net cash flows fr
Slide 12: Thank You
For personal use only Thank You • Breville | Sage team • Board colleagues • Suppliers, customers and consumers • Valued shareholders 5 5
Slide 13: CEO's Address
For personal use only CEO’s Address Jim Clayton 6 6
Slide 14: AGM Agenda
AGM Agenda For personal use only • The Numbers • 1H FY20 New Products • ChefSteps Update • Europe Update 7 7
Slide 15: Group Summary Result
Group Summary Result AUDm FY19 FY18 % Chng • Robust revenue growth +17.5% and Global segment constant currency revenue growth For personal use only Revenue 760.0 646.82 17.5% +12.0% driven by – European expansion EBITDA 114.0 100.2 13.7% – Strong USA Growth EBIT 97.3 86.9 12.0% – Resilient Australia
Slide 16: Segment Results
Segment Results REVENUE1 EBIT EBIT MARGIN (%) AUDm For personal use only FY19 FY18 % Chng FY19 FY18 % Chng FY19 FY18 Global Product 612.0 522.2 17.2% 78.8 73.3 7.5% 12.9% 14.0% % Change CC* 12.0% Distribution 148.0 124.6 18.8% 18.5 13.6 36.0% 12.5% 10.8% TOTAL 760.0 646.8 17.5% 97.3 86.9 12.0% 12.8%
Slide 17: Segment Results cont'd
Segment Results cont’d GLOBAL PRODUCT SEGMENT REVENUE AUDm FY19 FY18 % Chng $A % Chng CC* For personal use only North America 357.4 298.9 19.6% 12.8% Australia and 132.9 123.9 7.2% 7.0% New Zealand (ANZ) Europe** 89.6 63.0 42.1% 35.1% Rest of World (ROW)*** 32.1 36.4 (11.4)% (17.7)% TOTAL 612.0 522.
Slide 18: Financial Position at June
Financial Position at 30 June AUDm FY19 FY18 • Strategic investment in working capital to support sustained growth For personal use only Inventory 152.3 99.7 – On going strong sales growth ramping up baseline inventory & increasing receivables in Q4 including Receivables 154.6 104.4 impact of Amazon
Slide 19: Acceleration Program Scorecard
Acceleration Program Scorecard Acceleration Program Scorecard FY15 FY16 FY17 FY18 FY19 FY19/FY15 BRG Revenue (AUDm) 527.0 576.6 605.7 646.8 760.0 44.2% For personal use only Global Segment 373.3 427.2 469.6 522.2 612.0 63.9% Distribution Segment 153.7 149.4 136.2 124.6 148.0 (3.7)% Distribution Segm
Slide 20: AGM Agenda
AGM Agenda For personal use only • The Numbers • 1H FY20 New Products • ChefSteps Update • Europe Update 13 13
Slide 21: Fastest Flat White In the World
For personal use only Fastest Flat White In the World • Simultaneous Coffee and Milk with 3 second heat up time • Café quality microfoam milk • Touchscreen coffee Creatista ™ Plus recipe selector • Coffee recipe personalisation • Hot water dispenser for tea Creatista ™ Uno Creatista™ Pro 14 14
Slide 22: 3x Bluicer Pro: Getting Healthy Convergence
3x Bluicer™ Pro “Getting Healthy” For personal use only Convergence 15 15
Slide 23: Getting Healthy Range
For personal use only Getting Healthy Range 16 16
Slide 24: Putting the oven in Microwave Oven: Combi Wave
For personal use only Putting the “oven” in Microwave Oven the Combi Wave™ 3 in 1 17 17
Slide 25: Quiet Wave Range
For personal use only Quiet Wave Range the Combi Wave™ 3 in 1 The Smooth Wave™ the Compact Wave™ 18 18
Slide 26: The Sear & Press Grill
For personal use only The Sear & PressTM Grill 19 19
Slide 27: AGM Agenda
AGM Agenda For personal use only • The Numbers • 1H FY20 New Products • ChefSteps Update • Europe Update 20 20
Slide 28: Breville Joule Sous Vide Circulator
For personal use only Breville Joule™ Sous Vide Circulator 21 21
Slide 29: ChefSteps Update
For personal use only ChefSteps Update * 22 22
Slide 30: AGM Agenda
AGM Agenda For personal use only • The Numbers • 1H FY20 New Products • ChefSteps Update • Europe Update 23 23
Slide 31: Go To Market: IFA Stand
For personal use only Go To Market: IFA Stand 24 24
Slide 32: Continuing Unification of Europe under Sage
Continuing Unification of Europe under Sage Direct Model For personal use only • UK • Germany / Austria • Benelux • Switzerland • Spain • France (2H FY20) Through Partners • Nordics • Baltics 2HFY20 • Eastern Europe • Turkey Not Yet Planned • Portugal • Italy 25 25
Slide 33: Europe Update – Germany/Austria
Europe Update – Germany/Austria FY Revenue Since Launch UK vs. Germany For personal use only +68% UKFY14 UKFY15 UKFY16 UKFY17 DEFY19 • New Geography offense is working … In its first full year, Germany exceeded the performance of the UK in its fourth year • Jan-Jun 2019, Sage® is market leader in Gf
Slide 34: Disclaimer
Disclaimer For personal use only This Presentation contains certain ‘forward looking statements’. The forward looking statements contained in this Presentation are not guarantees of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond t
Slide 35: Close of Meeting
For personal use only AGM Close of Meeting