Shriro Holdings Ltd. · ASX:SHM
Shriro — H1 2015 Earnings Presentation
13 slides from Shriro's earnings presentation, Aug 21, 2015
Slide 1: 1H CY2015 Results Presentation
For personal use only SHRIRO HOLDINGS LIMITED 1H CY2015 RESULTS PRESENTATION 20 AUGUST 2015 [DRAFT]
Slide 2: Introduction to Shriro Holdings Limited
Introduction to Shriro Holdings Limited For personal use only • Shriro is a leading Kitchen Appliances and Consumer Products marketing and distribution group operating in Australia and New Zealand – Extensive range of company‐owned brands and third party owned brands – Over the last 3 years, Shriro
Slide 3: 1H Highlights
1H Highlights For personal use only • Completed Successful IPO • G-Factory in Auckland, #2 in Sales Worldwide • Omega Appliances Market Share Gains • On track to meet Prospectus forecast proforma revenue, EBITDA and NPAT for CY2015. – 1H CY2015 revenue $83.1m (+6.1%) (Prospectus CY15 forecast +5.6%)
Slide 4: Shriro Holdings Limited Consolidated First Half Results
Shriro Holdings Limited Consolidated First Half Results June 2015 vs June 2014 For personal use only 1st Half 1st Half Change 2015 2014 000’s 000’s $ $ % Revenue from ordinary activities 83,093 78,328 6.1% Gross Margin % 42.3% 43.0% Operating expenses 28,643 28,356 1.0% Underlying EBITDA 6,483 5,356
Slide 5: Kitchen Appliances vs Consumer Products
Kitchen Appliances vs Consumer Products First Half Results June 2015 vs June 2014 For personal use only KITCHEN APPLIANCES CHANGE CONSUMER PRODUCTS CHANGE 2015 2014 % 2015 2014 % Half‐year ended 30 June 2015 vs 2014 Revenue 43,845,834 41,613,213 5.4% 39,246,939 36,302,314 6.6% EBITDA 1,240,901 1,011
Slide 6: Consumer Products 1H FY15 Highlights
Consumer Products 1H FY15 Highlights Consumer Products For personal use only Sales +6.6% v 1H14 EBITDA +30.4% v 1H14 Casio Timepiece Sydney Myer Stores Rollout in Australia continues with Myer Sydney City opened in July. Casio Timepiece Auckland Airport G‐shock growth continues in both countries wit
Slide 7: Shriro and Casio's close partnership
Shriro Holdings Limited For personal use only Shriro and Casio’s close partnership continues to perform well. 7
Slide 8: Kitchen Appliances 1H FY15 Highlights
KITCHEN APPLIANCES 1H FY15 HIGHLIGHTS For personal use only Kitchen Appliances REVENUE + 5.4% v 1H14 EBITDA + 22.7% v 1H14 Omega Appliances Retail picking up significant market share in cooking within Australia. Ovens #4 Ceramic Cooktop #2 Induction #2 Gas Cooktop #3 Tele Range hoods #2 90CM Free st
Slide 9: Cash Flows
Cash Flows For personal use only 1H 2015 1H 2014 $000’s $000’s • Working capital improvements Cash as at 31 Dec 2,105 2,855 have resulted in a significant inflow of operating cash from the clearance of stock Operating Activities 14,571 2,842 • The reduced debt significantly reduced our interest expe
Slide 10: Balance Sheet
Balance Sheet For personal use only • Significant reduction in net debt • Debt facilities not repayable until Dec 17 • Strong interest cover • Reduced working capital, despite increased sales • No intangibles 10
Slide 11: Future Initiatives
Future Initiatives For personal use only Charcoal | Ready for Spring Launch 2016 in Australia & New Zealand | Launch at SPOGA in September 2016 (image next page) | 2 patents to be lodged Roll out of G Shock Factory | Queenstown August 2015 Everdure | Launch by Outback at SPOGA Cologne September 2015
Slide 12: Releasing Everdure Portables by Outback at SPOGA 2015
Shriro Holdings Limited For personal use only Releasing Everdure Portables by Outback at SPOGA 2015 12
Slide 13: Summary and Outlook
Summary and Outlook For personal use only Highlights Strong sales performance, +6% (vs 1H CY14) Disciplined operating expense control, resulting in EBITDA margin expansion to 7.8% (vs 6.8%1H CY14) Working capital initiatives and solid trading performance underpinned strong cash-flow: net debt