Sally Beauty Holdings, Inc. (name To Be Changed From Sally Holdings, Inc.) · NYSE:SBH
Sally Beauty Holdings, Inc. (name To Be Changed From Sally Holdings, Inc.) — Sally Beauty Holdings — Q2 2020 Earnings Presentation
14 slides from Sally Beauty Holdings, Inc. (name To Be Changed From Sally Holdings, Inc.)'s earnings presentation, May 6, 2020
Slide 1: Fiscal 2020 Second Quarter Earnings Call
WELCOME TO THE NEW SALLY. NEW LOOK. NEW EXPERIENCE. Sally Beauty Holdings, Inc. Fiscal 2020 Second Quarter Earnings Call May 6, 2020
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Statements in this presentation which are not purely historical facts or which depend upon future events may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Se
Slide 3: Significant Progress Made on Transformation Plan
Significant Progress Made on Transformation Plan Launched National Re-Brand Campaign at Sally Beauty 1 Added New Leaders to our Digital Product and E-commerce Platforms 2 Fixed the First Quarter Technology Issues 3 Launched sallybeauty.ca and Ship-From-Store Capabilities in Canada 4 Launched Same-Da
Slide 4: Q2 FY20 Same Store Sales Performance
Q2 FY20 Same Store Sales Performance Prior to March 12 (Pre-COVID) Q2 with COVID Impact Sally Beauty Holdings 4.7% (7.1%) Sally Beauty Supply 4.8% (7.0%) Beauty Systems Group 4.5% (7.4%)
Slide 5: Welcome to the New Sally
WELCOME TO THE NEW SALLY. NEW LOOK. NEW EXPERIENCE. Sally Beauty Holdings, Inc.
Slide 6: Accelerating E-commerce Performance
Accelerating E-commerce Performance Q2 March April Sally Beauty Holdings 28% 52% 353% Sally Beauty Supply 56% 118% 872% *U.S. & Canada Only Beauty Systems Group 10% 12% 129%
Slide 7: SBH U.S. & Canada Store Status
SBH U.S. & Canada Store Status Over 50% of stores are open to public Over 50% of stores are ship-from-store/same- day delivery/curbside but not open to public Majority of state/province is hard closed
Slide 8: What Makes Sally Beauty Holdings Different Post-COVID
What Makes Sally Beauty Holdings Different Post-COVID High Demand Categories in Hair Color/Hair Care/PPE 1 Natural Hedge Between Sally Beauty and Beauty Systems Group 2 We Do Not Face the Overhang of Mall Stores or Fear of Traffic (Mall Crowds) 3 Building Strong Digital Platforms – Ship-From-Store &
Slide 9: Welcome to the New Sally
WELCOME TO THE NEW SALLY. NEW LOOK. NEW EXPERIENCE. Sally Beauty Holdings, Inc.
Slide 10: Q2 Financial Recap
Q2 Financial Recap Gross Adjusted SSS SG&A% Margin EPS (7.1%) 44.0% 49.3% $0.23 (1) Compared to PY: Prior to Mar 12 Down 20 bps Up 580 bps Decrease of 54.9% Up 4.7% (1) Adjusted EPS is a non-GAAP measure. See Appendix for a reconciliation of this non-GAAP measure. Sally Beauty Holdings, Inc.
Slide 11: Welcome to the New Sally
WELCOME TO THE NEW SALLY. NEW LOOK. NEW EXPERIENCE. Sally Beauty Holdings, Inc.
Slide 12: Liquidity Actions
Liquidity Actions Expense Management Cash Management/Capital Markets Negotiated with Landlords for rent Borrowed $340 million on revolving line of 1 abatements 1 credit to hold as cash on balance sheet Partnered with merchandise vendors to Increased revolving line of credit capacity 2 lower inventor
Slide 13: Welcome to the New Sally
WELCOME TO THE NEW SALLY. NEW LOOK. NEW EXPERIENCE. Sally Beauty Holdings, Inc.
Slide 14: Appendix: Supplemental Schedule
Supplemental Schedule 2 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Non-GAAP Financial Measures Reconciliations (In thousands, except per share data) Appendix (Unaudited) Three Months Ended March 31, 2020 As Reported COVID-19 As Adjusted (1) (2) (GAAP) Restructuring Expenses, net (Non-GAAP) Selling
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