Kmd Brands Limited · NZX:KMD
Kmd Brands — Kathmandu — Shareholder Meeting (November 2010)
13 slides from Kmd Brands's shareholder meeting presentation, Nov 24, 2010
Slide 1: Kathmandu – Annual General Meeting
For personal use only KATHMANDU – ANNUAL GENERAL MEETING 24 November 2010 1
Slide 2: Chairman's Address
For personal use only 2 CHAIRMAN’S ADDRESS
Slide 3: Chairman's Address: Financial Highlights
CHAIRMAN’S ADDRESS: Financial Highlights For personal use only • Sales of NZ$245.8 million, up 14.0% • EBIT of NZ$47.9 million, up 12.4% • NPAT of NZ$25.2 million, up from NZ$14.9m * • Dividend of NZ 7 cents per share declared (fully franked, fully imputed) * Prior years as presented in the Prospect
Slide 4: CEO Address
For personal use only CEO ADDRESS 4
Slide 5: CEO Address - Outline
CEO ADDRESS - OUTLINE For personal use only • FY 2010 highlights and results overview • Operational Review • Growth strategy update • Trading performance update • FY11 outlook 5
Slide 6: FY 2010 Highlights
FY 2010 HIGHLIGHTS For personal use only • Successful dual listing on ASX and NZX on 13 November 2009 • 15 new stores opened, 4 refurbished stores with new store design and enhanced format • Sales of $245.8m (NZD), up 14.0%, up 1.3% on a same store basis, 0.9% at constant exchange rates • Same store
Slide 7: FY 2010 Results Overview
FY 2010 RESULTS OVERVIEW For personal use only • Market conditions were strong in the first half, second half became more challenging. • A very price focused market and subdued demand for discretionary retail coincided with our critical March – July trading period • Actions were taken to maximise se
Slide 8: Operational Review
OPERATIONAL REVIEW For personal use only • Stores opened during FY10: Store Rollout History − Australia: Devonport, South Wharf DFO NZ AU UK (Outlet), Chapel St, Frankston, Ballarat, 97 Macarthur, Townsville, Fremantle, Tea Tree 6 Adelaide, Adelaide Harbour Town (Outlet) 82 − New Zealand: Onehunga (
Slide 9: Growth Strategy
GROWTH STRATEGY For personal use only • Brand refresh project: brand research completed with the aim of further strengthening our brand identity • Continuous innovation of new products and ranges with a focus on product design, technology, and quality. Target 30% range growth. • Store rollout target
Slide 10: Trading Update FY 2011: Weeks to November 2010
TRADING UPDATE FY 2011: 16 WEEKS TO 21 NOVEMBER 2010 For personal use only • Retail conditions have continued to be challenging • Total group sales for the first 16 weeks $51.6m, approximately $4.4m or 9.3% above same period last year (7.7% at constant exchange rates) • Same store sales up 2.1%*1 fo
Slide 11: Trading Pattern
TRADING PATTERN For personal use only Last Year Sales mix across the year First 16 weeks to Includes Christmas Sale and 22 Nov 2009 January Clearance Includes Easter and Winter Sales 18% 24% 58% FIRST HALF-YEAR SECOND HALF-YEAR • Three major promotions remain critical to our annual trading (above 60
Slide 12: Outlook for Balance of FY 2011
OUTLOOK FOR BALANCE OF FY 2011 For personal use only Kathmandu • Store rollout and refurbishment programme continues • Product range growth continues (targeting 30% over the next 3 years) • The brand refresh project is underway • Gross margins within target 62% to 64% The Market • Much uncertainty a
Slide 13: Disclaimer
Disclaimer For personal use only This release includes “forward-looking statements" within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estima