Shriro Holdings Ltd. · ASX:SHM
Shriro — H1 2020 Earnings Presentation
15 slides from Shriro's earnings presentation, Aug 27, 2020
Slide 1: Investor Presentation 1H 2020 Results
For personal use only SHRIRO HOLDINGS LTD (SHM) INVESTOR PRESENTATION 1H 2020 RESULTS 27TH AUGUST 2020
Slide 2: 2020 Half Year Results
2020 HALF YEAR RESULTS 1H20 1H19 For personal use only CHANGE REVENUE $78.6M (1.8%) $80.0M EBITDA $10.5M +32.9% $7.9M STATUTORY NPAT $4.7M +74.1% $2.7M CASH POSITION $19.7M +$18.6M $1.1M 3 cents 4 cents INTERIM DIVIDEND (Fully Franked) (Fully Franked) 2
Slide 3: Half Year Executive Summary
2020 Half Year Executive Summary For personal use only REVENUE • Diversified product, distribution channels and geographic mix protected sales revenue from COVID-19 related retail shutdowns. Revenue down 1.8% pcp. New Zealand was totally shut down in April • Household related products (appliances, m
Slide 4: Half Year Revenue Split
2020 Half Year Revenue Split For personal use only SPLIT AUSTRALIA NEW ZEALAND INTERNATIONAL MARKETS % 74% 21% 5% UP DOWN UP DOWN UP • North America NEW MARKETS • UK • Russia • Germany • Scandinavia • Benelux Retail Commercial 4 4
Slide 5: Profit & Loss Statement
PROFIT & LOSS STATEMENT For personal use only 1H20 1H19 $ Million ∆ Actual Actual Total sales revenue was negatively impacted by COVID-19 lock-downs despite sales Revenue from 78.6 80.0 (1.8%) ordinary activities from household related products improving. Gross Margin % 38.8% 40.5% Gross margin lowe
Slide 6: Balance Sheet
BALANCE SHEET 30 Jun 20 30 Jun 19 For personal use only $M $M Current Assets Cash and cash equivalents 19.7 1.1 • Cash at bank of $19.7M, no debt. This is a $18.6M better position than the prior year, paying Trade and other 3 cents per share dividend in the first half 25.4 28.6 receivables Inventori
Slide 7: Cash Flows
CASH FLOWS For personal use only 1H20 1H19 $M $M • In order to preserve cash due to the economic uncertainty created by Cash Flows from Operating Activities 19.0 12.6 COVID-19, stock ordering was reduced, and supplier terms were increased Net Property, Plant & Equipment (0.5) (1.5) • Lease repayment
Slide 8: Australia 1H 2020 Business Overview
AUSTRALIA 1H 2020 (Business Overview) For personal use only APPLIANCES • 1H retail channel revenues – led by new Omega range, outperforming 2019 pcp CASIO • With a challenging new home property market, commercial appliances revenues were lower pcp • Home “staycation” demand has increased sales of th
Slide 9: New Zealand 1H 2020 Business Overview
NEW ZEALAND 1H 2020 (Business Overview) For personal use only • Revenue impacted by April total retail shutdown decreased 5.9% on pcp • Positive bounce back post April with revenues increasing 8% pcp • Household related products experienced revenue growth -Robinhood appliances + 21% pcp, Pioneer DJ
Slide 10: International Markets
INTERNATIONAL MARKETS Europe & Other For personal use only • Revenues increase 62.5% pcp • Gross margin improved , +139% pcp – long-term lower Fat Duck collaboration cost • European 2020 summer season sell through was strong – Positive market feedback that EBH brand is gaining traction • USA busines
Slide 11: Consumer Brand Engagement
CONSUMER BRAND ENGAGEMENT ONLINE PRESENCE DIGITAL ADVERTISING For personal use only • Online Presence: fully optimised websites with refreshed, consistent branding & messaging across all platforms: Amazon, Best Buy, Google, Facebook, Instagram, YouTube. • Digital Advertising: Google, Facebook, Insta
Slide 12: New Product Development
NEW PRODUCT DEVELOPMENT “Creating higher value propositions with For personal use only award winning design & innovation” ESTABLISHED PRODUCT DNA CONTEMPORARY STYLE • Electric ignition charcoal • Power pole rotisserie • Cliplock Fork System Updated Omega Range • Integrated/Bluetooth temperature prob
Slide 13: Company Strategy
COMPANY STRATEGY INNOVATION For personal use only Continued investment in technology and design to create value propositions and underwrite long term growth REINVESTMENT REPUTATION Long term strategies established for Increased investment in product product, people and “Consumer and aftercare servic
Slide 14: Outlook
OUTLOOK For personal use only • 2H 20 has started strongly with July/August’s revenue growth rates in line with those experienced throughout May / June. • Despite the uncertain macro-economic conditions Shriro is well placed to withstand market changes due to its diversity in product categories, dis
Slide 15: Disclaimer
DISCLAIMER For personal use only 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