Slide 1: Joyce Corporation Ltd Information Handout May 2012
Joyce Corporation Ltd - est 1886 For personal use only Joyce Corporation Ltd Information Handout May 2012 1
Slide 2: Joyce Corp Brief Overview
Joyce Corp Brief Overview o Joyce is listed on the Australian Securities Exchange as For personal use only “JYC”. o y Joyce's business has links back to 1886. An Australian company with a history in excess of 125 years. o Joyce was originally a leading manufacturer of Bedding, Bedding Furniture and
Slide 3: Joyce cont..
For personal use only Joyce cont.. o Joyce retains an 4.2 4 2 hectare industrial property on the Georges River at Moorebank NSW, currently dealt with as an investment i t t Property P t in i our books b k as a resultlt off the Joyce Foam manufacturing divestment. o Joyce Corporation Ltd owns 100% of
Slide 4: Solid Position – Gearing Ratio
Solid Position – Gearing Ratio • After sale of the QLD Brendale Industrial Property in Sept 2010, gearing has remained at conservative levels of 23.4% after For personal use only conversion of all convertible notes. • $2.9m secured cash deposit is included in debt until March 2013 • Net Asset backin
Slide 5: Property Information
Property Information Liverpool For personal use only 55-99 Bridges Road, Road MOOREBANK, NSW Total area 4.2 hectares Gross Lettable Area of 19,865 Sq. m. Valuation taken up at 31 Dec 2011 $13.2 million, based on current subsidised lease conditions that cease at expiration of current lease term in No
Slide 6: Joyce Corp Revenue & Trading
Joyce Corp Revenue & Trading Revenue within Joyce has reduced from targeted store closures in For personal use only 2010/11. 2010/11 Joyce is currently trading profitably year to date. Strong Australian dollar has reduced retail furniture prices. M k t competition Market titi hhas bbeen heightened.
Slide 7: Bedshed Retail Outlets
Bedshed Retail Outlets For personal use only T The Company currently owns 100% of Bedshed Franchising Pty Ltd. Information handout November 2010. 2010 By Executive Director Anthony Mankarios 7
Slide 8: Vision Statement
For personal use only Vision Statement “By 2015 Bedshed will be the most successful specialist bedroom franchise in Australia.” We anticipate p that a ppotential 60-80 stores are ppossible around Australia with our proven robust model. 8
Slide 9: Mission Statement
For personal use only Mission Statement “We will add value by proactively working with our franchise and business partners. partners To offer customers value for money products and services in convenient locations. At all times we will act with integrity and transparency transparency, whilst develop
Slide 10: Bedshed Current Store Details
Bedshed Current Store Details Regional For personal use only •Mackay R i l Regional •Townsville •Albany •Bunbury •Busselton Metropolitan •Aspley •Bundall •Helensvale •Kawana •Morayfield QLD WA 7 17 1 Regional SA •Mittagong •Warners Bay Metropolitan Beckenham •Beckenham NSW 2 •Cannington Metropolitan
Slide 11: Large Range of Big Australian Brand Bedding
Large Range of Big Australian Brand Bedding For personal use only 11
Slide 12: Unique Bedshed Features
Unique Bedshed Features For personal use only o Bedshed has a robust business model o With large g open p pplan layouts o E parking Easy ki o Convenient locations o Same day availability 12
Slide 13: Re-structuring achieved
Re-structuring achieved For personal use only o A review of Company owned stores in less than optimal locations will take place. o Senior experienced management with focus on retail profit growth. growth o Four franchisees now have multi store holdings. o Final payment of all legal disputes settleme
Slide 14: Capital Structure
For personal use only Capital Structure • Total Ordinary listed shares currently on issue 27,588,255 • Unlisted Convertible Notes as at 31st Dec 2011 ( $1/ 885,000 par value 100% converted since) • Net Assets (as at 31st Dec 2011) $21,470,504 • Net Assets adjusted for 100% conversion of $22,355,556
Slide 15: Company Store Break Up
Company Store Break Up For personal use only • N b off Company Number C O Owned d Stores St (COS) (COS): 9 • Inventoryy currentlyy held at these stores: $3.9M • Intangibles associated with Company Stores: $4M Bedshed has received interest in some of these COS and will look at the validity of Franchi
Slide 16: Dividend Policy
For personal use only Dividend Policy “ To pay at least 50% of its earnings in Dividends each year, cash flow permitting.” p g • JYC has a solid track record of paying Dividends. Dividend off 1.5 cents payable July 2012 • Joyce Corporation declared Board Policy : 16
Slide 17: Top shareholders as at 30/4/12
Top 20 shareholders as at 30/4/12 For personal use only JOYCE CORPORATION LTD ORDINARY FULLY PAID SHARES As of 16 May 2012 Top Holders Snapshot - Ungrouped Composition : ORD Rank Name Address Units % of Units 25R KEANE STREET, PEPPERMINT 1. ADAMIC PTY LTD <ADAMIC SUPERFUND A/C / > 7,711,568 , , 27.9
Slide 18: For Further Information
For personal use only For Further Information Chairman Ch i Executive E ti Director Di t Mr Dan Smetana Mr Anthony Mankarios Company Secretary Mr Keith Gray Ph Phone: +61 61 8 9445 1055 Fax: +61 8 9445 1011 14 Collingwood St Osborne Park WA 6017 18
Slide 19: Disclaimer
For personal use only Disclaimer Information contained in this presentation may involve forward looking statements. Possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Actual results may differ from those expressed or impli