Shaver Shop Group Limited · ASX:SSG
Shaver Shop — Shareholder Meeting (November 2022)
32 slides from Shaver Shop's shareholder meeting presentation, Nov 10, 2022
Slide 1: Annual General Meeting 2022
ANNUAL GENERAL MEETING 2022 M4
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This management presentation (“Presentation”) has been prepared by Shaver Shop Group Limited ACN 150 747 649 (“Shaver Shop”) and contains general background information about Shaver Shop, its subsidiaries and their activities which is current at the date of this Prese
Slide 3: Agenda
AGENDA 01 Chairman’s Address, Mr Brodie Arnhold 02 CEO and MD’s Address, Mr Cameron Fox 03 Items of business 04 General questions AGM PRESENTATION 2022 3
Slide 4: Chairman's Address Mr Brodie Arnhold
CHAIRMAN’S ADDRESS MR BRODIE ARNHOLD AGM PRESENTATION 2022 4
Slide 5: Shaver Shop's Board of Directors
SHAVER SHOP’S BOARD OF DIRECTORS Brodie Arnhold, Chair Craig Mathieson Trent Peterson Debra Singh Brian Singer Cameron Fox, MD & CEO Independent, non-executive directors Executive director AGM PRESENTATION 2022 5
Slide 6: Beauty & Personal Care Is a Growing Mass Market
BEAUTY & PERSONAL CARE IS A GROWING MASS MARKET Beauty and personal care is a $10B+ and growing industry in ANZ. As a global industry, it attracts leading global suppliers that bring new innovations to market every year. Increasing prevalence of social media and focus on health and beauty at home, i
Slide 7: Our Unique Business Model
OUR UNIQUE BUSINESS MODEL Customer Customer service excellence driven by unparalleled product knowledge from passionate team Focus members Product Broadest and deepest range of personal care and grooming appliances with large contribution Range from exclusive products Value Exceptional pre and post-
Slide 8: 16 Year Growth Trend
16 YEAR GROWTH TREND 16 year total network sales growth 250.0 Sales growth (ex Daigou) has been consistent over 15 years. FY22 impacted by lockdowns. 200.0 Network Sales ($m) 150.0 100.0 50.0 0.0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Core business sales Daig
Slide 9: Focus on Long Term Shareholder Value
FOCUS ON LONG TERM SHAREHOLDER VALUE Closing share price ($) Total dividends (cps) 1.40 12.0 1.20 10.0 1.00 8.0 0.80 6.0 0.60 10.0 0.40 4.0 8.2 0.20 4.5 4.8 2.0 4.0 4.2 0 Jul 16 Jul 17 Jul 18 Jul 19 Jul 20 Jul 21 Jul 22 Jan 17 Jan 18 Jan 19 Jan 20 Jan 21 Jan 22 0.0 FY17 FY18 FY19 FY20 FY21 FY22 AGM
Slide 10: MD & CEO Address Mr Cameron Fox
MD & CEO ADDRESS MR CAMERON FOX AGM PRESENTATION 2022 10
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS Sales > Total sales up 4.2% to $222.7 million (FY21 - $213.7 million) – Like for like1 sales up 3.5% including total online sales growth of 23.7% – Online sales represented 34.0% of total sales > In-store sales grew strongly in H2 FY22 as customers returned to their regular shop
Slide 12: Operational Highlights
OPERATIONAL HIGHLIGHTS Customer > Store teams continue to deliver exceptional customer service Service with avg. NPS score of c. 88.4 (out of 100) in FY22 > Customers increasingly returning to stores but foot traffic remains well below pre-COVID levels > Sales conversion remains very high > Return t
Slide 13: Strong 5 Year Growth Trend
STRONG 5 YEAR GROWTH TREND Sales up 4.2% to $222.7m Gross profit margin 43.9% - near all time highs 213.7 222.7 41.4% 42.6% 41.9% 44.3% 43.9% 194.9 167.4 155.0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Sales ($Am) Gross Profit margin (%) Second highest NPAT result in SSG’s history at $16.7m
Slide 14: Strong Growth Trend in Hair Removal & Complementary Categories
STRONG GROWTH TREND IN HAIR REMOVAL & COMPLEMENTARY CATEGORIES Underlying trends have been consistently strong in both core Hair Removal (Clippers, Trimmers, Shavers, Long-Term Hair Reduction) and Complementary Categories (Oral Care, Hair Styling, Beauty, Massage, etc…). Despite concerns about deman
Slide 15: Shaver Shop Exclusive Products Generated More Than 50% of Sales
SHAVER SHOP EXCLUSIVE PRODUCTS GENERATED MORE THAN 50% OF SALES AND APPROX. 60% OF GROSS PROFIT Shaver Shop has one of the broadest ranges of men’s and women’s personal care and grooming appliances in Australia and New Zealand. Shaver Shop is leveraging its brand awareness and differentiated product
Slide 16: FY2023 Priorities and Progress
FY2023 PRIORITIES AND PROGRESS • Continue to introduce new brands and expand on existing product ranges that drive incremental customers and category sales Range and Product Expansion • Launched Cloud 9 luxury hair styling range as well as Foreo skincare and beauty range across all stores • Continue
Slide 17: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK > Shaver Shop has experienced a strong start to FY23 with the table below summarising the key year to date (YTD - 1 July 22 to 6 November 2022) trading results versus comparative COVID-impacted (FY22 and FY21) and non-COVID impacted (FY20) trading periods: YTD (1 July 22 t
Slide 18: Items of Business
ITEMS OF BUSINESS AGM PRESENTATION 2022 18
Slide 19: Conduct of a Poll
CONDUCT OF A POLL A POLL WILL BE CONDUCTED AT THE END OF THE MEETING FOLLOWING CONSIDERATION AND DISCUSSION OF ALL ITEMS OF BUSINESS AGM PRESENTATION 2022 19
Slide 20: 1. Annual Financial Report
1. ANNUAL FINANCIAL REPORT “To receive and consider the Financial Report, Directors’ Report and Auditor’s Report of the Company and its controlled entities for the financial year ended 30 June 2022.” There is no vote on this item of business. AGM PRESENTATION 2022 20
Slide 21: 2. Adoption of Remuneration Report
2. ADOPTION OF REMUNERATION REPORT “That the Remuneration Report (which forms part of the Directors’ Report in respect of the financial year ended 30 June 2022 be adopted.” AGM PRESENTATION 2022 21
Slide 22: 2. Adoption of Remuneration Report - Voting
2. ADOPTION OF REMUNERATION REPORT - VOTING Proxies Received # votes % votes For 38,130,912 97.94% Open 319,101 0.82% Against 484,699 1.24% Abstain1 55,979 n/a The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 1 Abstain votes are provided for information on
Slide 23: 3. Re-election of Mr. Brodie Arnhold
3. RE-ELECTION OF MR. BRODIE ARNHOLD “That Brodie Arnhold, who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rules 14.4 and 14.5 and, being eligible for election, be elected as a Director of the Company.” AGM PRESENTATION 2022 23
Slide 24: 3. Re-election of Mr. Brodie Arnhold - Voting
3. RE-ELECTION OF MR. BRODIE ARNHOLD - VOTING Proxies Received # votes % votes For 54,132,604 97.78% Open 403,338 0.73% Against 827,360 1.49% Abstain1 4,550 n/a The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 1 Abstain votes are provided for information o
Slide 25: 4. Re-election of Mr. Brian Singer
4. RE-ELECTION OF MR. BRIAN SINGER “That Brian Singer, who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rules 14.4 and 14.5 and, being eligible for election, be elected as a Director of the Company.” AGM PRESENTATION 2022 25
Slide 26: 4. Re-election of Mr. Brian Singer - Voting
4. RE-ELECTION OF MR. BRIAN SINGER - VOTING Proxies Received # votes % votes For 54,842,192 99.07% Open 407,888 0.74% Against 108,772 0.20% Abstain1 9,000 n/a The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 1 Abstain votes are provided for information onl
Slide 27: 5. Approval of Shaver Shop Executive Long Term Incentive Plan
5. APPROVAL OF SHAVER SHOP EXECUTIVE LONG TERM INCENTIVE PLAN “That, pursuant to and in accordance with exception 13(b) of Listing Rule 7.2 and for all other purposes, Shareholders approve the employee incentive scheme of the Company known as the Shaver Shop Executive Long Term Incentive Plan and th
Slide 28: 5. Approval of Executive Long Term Incentive Plan - Voting
5. APPROVAL OF SHAVER SHOP EXECUTIVE LONG TERM INCENTIVE PLAN - VOTING Proxies Received # votes % votes For 47,565,946 96.92% Open 320,404 0.65% Against 1,189,538 2.42% Abstain1 60,430 n/a The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 1 Abstain votes ar
Slide 29: 6. Approval of Issue of Securities under the Executive LTIP to CEO
6. APPROVAL OF ISSUE OF SECURITIES UNDER THE SHAVER SHOP EXECUTIVE LONG TERM INCENTIVE PLAN TO MR CAMERON FOX, CEO & MANAGING DIRECTOR “That for the purposes of the ASX Listing Rule 10.14 and all other purposes, Shareholder approval is given for the issue to the CEO and Managing Director of the Comp
Slide 30: 6. Approval of Issue of Securities to Mr Cameron Fox - Voting
6. APPROVAL OF ISSUE OF SECURITIES TO MR CAMERON FOX, CEO & MANAGING DIRECTOR - VOTING Proxies Received # votes % votes For 48,850,547 96.43% Open 616,005 1.22% Against 1,190,430 2.35% Abstain1 139,829 n/a The Chair of the Meeting intends to vote all available proxies in favour of this resolution. 1
Slide 31: General Questions
GENERAL QUESTIONS AGM PRESENTATION 2022 31
Slide 32: Thank You
THANK YOU AGM PRESENTATION 2022 32
Shaver Shop Group — Shareholder Meeting (November 2022) on 6ix