Shriro Holdings Ltd. · ASX:SHM
Shriro — H1 FY2023 Earnings Presentation
8 slides from Shriro's earnings presentation, Feb 23, 2023
Slide 1: Half Year Results Presentation
SHRIRO HOLDINGS (SHM) 6 MONTHS TO 31 DECEMBER 2022 Half Year Results Presentation This announcement was authorised for release by the Board of Directors of Shriro Holdings Ltd. Tim Hargreaves, Chief Executive Officer | 23 February 2023
Slide 2: Executive Summary
6 months to 31 December 2022 Executive Summary • Revenue of $84.4M (-11.7% pcp) and EBITDA of $12.4M (-14.5% pcp), however EBITDA margin remains strong at 14.7% and gross profit margin at 43.1%. • The reduction in revenue was largely as a result of the exit of the Blanco brand, slower seasonal goods
Slide 3: Results
6 months to 31 December 2022 Results July - December 2022 Change July – December 2021 Revenue $84.4M -11.7% $95.6M EBITDA $12.4M -14.5% $14.5M NPAT $6.3M -23.2% $8.2M Cash Position $6.4M -11.1% $7.2M Dividend Declared August 4 Cents (Fully Franked) 6 Cents (Fully Franked) Dividend Declared February
Slide 4: Australasian Market
6 months to 31 December 2022 Australasian Market • Revenue was down 13.9% pcp with the exit of Blanco sink and tap products and Blanco Appliance products in Australia (Appliances exit in New Zealand to occur in Q3 FY23). • The Everdure by Heston BBQ revenues were negatively impacted in Australia by
Slide 5: International Market
6 months to 31 December 2022 International Market • Revenue was up 82%, continuing strong growth in the international business despite the challenging macroeconomic conditions. Outdoor retailers have reported that the channel remains well stocked for BBQs, consequently this may impact short-term gro
Slide 6: Growth Strategies
Growth Strategies ORGANIC IN-ORGANIC CORE FOUNDATIONS • New product releases • Strong balance sheet • Long term approach to manage growth • New distribution brand opportunities • Dedicated executive tasked with finding acquisition opportunities • New product development plan • Dedicated executive ta
Slide 7: FY23 Outlook
FY23 Outlook • The previously reported guidance for FY23 remains unchanged. EBITDA is expected to be $18.5m. • Uncertainty remains, related to consumer spending and the broader macroeconomic conditions. Shriro is well placed with world class brands and has market leadership in key categories such as
Slide 8: Disclaimer
Disclaimer This presentation (Document) has been prepared by Shriro Holdings Limited ABN 29605279329 (‘Shriro Holdings Limited’, ‘the Company’). This document is a presentation to provide background information on the Company and its subsidiaries and is not an offer or invitation or recommendation t