Harvey Norman Holdings Ltd · ASX:HVN
Harvey Norman — Shareholder Meeting (November 2019)
12 slides from Harvey Norman's shareholder meeting presentation, Nov 27, 2019
Slide 1: Annual General Meeting
Annual General Meeting 27 November 2019
Slide 2: Financial Achievements for FY2019
FINANCIAL ACHIEVEMENTS FOR FY2019 • 8.4% increase in Reported Profit Before Tax (PBT) to $574.56 million. • Robust Net Assets of $3.2 $3 2 billion, billion a substantial 8.8% 8 8% increase from prior year year. • $3 billion of Property assets. All investment properties are reviewed to fair market va
Slide 3: Offshore Achievements for FY2019
OFFSHORE ACHIEVEMENTS FOR FY2019 • 23% of total consolidated PBT now comes from overseas company-operated stores • Over $2 billion of offshore retail revenue, up by 9.7% • Record offshore retail profit of $129.70 million, up by 11.7%. • 18% PBT return on net assets. • 4.5% increase in Earnings Per S
Slide 4: Flagship / Premium Global Strategy
FLAGSHIP / PREMIUM GLOBAL STRATEGY • 2019 delivered the completion of our 8-country Flagship Strategy. • Our premium strategy has been underway overseas for the past 3 years years. • We will start to rollout the premium strategy in Australia and NZ this financial year.
Slide 5: Katie Page, CEO: Global Overview
KATIE PAGE CEO Global Overview
Slide 6: Malaysia: An Overview
MALAYSIA AN OVERVIEW The fastest g growing g countryy for Harvey Norman®
Slide 7: Malaysia: A Platform for Expansion & Growth
MALAYSIA: A PLATFORM FOR EXPANSION & GROWTH Malaysia y Australia Population 32.6 million 25.3 million 2025 P Population l ti P Projection j ti 35 5 million 35.5 illi 27 9 million 27.9 illi Median Age 28.6 years 37.3 years Average Household Size 4 2.6 GDP Growth 4.74% 1.4% Unemployment 3.3% 5.2% Stor
Slide 8: Malaysia: Store Openings – Calendar 2019
MALAYSIA: STORE OPENINGS – CALENDAR 2019 MID VALLEY SOUTHKEY July 2019 42,289sq.ft JOHOR BAHRU IPC TOPPEN November 2019 53,003sq.ft IOI CITY MALL Premium refit 46,083sq.ft KUALA LUMPUR MID VALLEY Premium refit 39,568sq.ft IPOH IPOH PARADE To open on 30th November 2019 42,072sq.ft QUEENSBAY Premium r
Slide 9: Upcoming Store Openings
UPCOMING S O STORE O OPENINGS GS Galway Sligo IRELAND 60,000sq.ft 43,600sq.ft Pula CROATIA 75,800sq.ft MALAYSIA A further 8 sites under review and negotiation 2 new sites confirmed with a 3rd site under SINGAPORE negotiation
Slide 10: Rollout of Premium Strategy in Australia & New Zealand
ROLLOUT OF PREMIUM STRATEGY S G IN AUSTRALIA & NEW ZEALAND
Slide 11: Premium Strategy
PREMIUM STRATEGY • Our premium strategy has been tested and proven to be successful overseas. • We plan to start rolling the premium format out in Australia and New Zealand as new franchised complex and store refits are due. • The premium refit of the Cairns franchised complex is currently underway.
Slide 12: Harvey Norman
Harvey Norman ONLINE | MOBILE | LOCAL STORE
Harvey Norman Holdings — Shareholder Meeting (November 2019) on 6ix