Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — FY2011/12 Earnings Presentation
17 slides from Fj Benjamin's earnings presentation, Aug 21, 2012
Slide 1: Enlarged retail footprint fuels 32% growth in turnover
Enlarged retail footprint fuels 32% growth in turnover NASH BENJAMIN Chief Executive Officer F J Benjamin Holdings Ltd FY 2011/12 FINANCIAL RESULTS 21 August 2012
Slide 2: Highlights
Highlights Double-digit ASD Growth in Sales Amid Global Slowdown • Group turnover up 11% to $393.2m • Double-digit growth in Indonesia, Hong Kong and China • Margins remain at 43% Bottom-line remains robust • Net profit after tax up 6% to $13.5 million • Operating profit up 8% to $19.7 million • Pre
Slide 3: Across-the-board Growth In Turnover
ASD Across-the-board Growth In Turnover 3
Slide 4: Turnover
Turnover Turnover & Gross Margin S$ ‘000 Robust Consumer Demand Drives Growth 42.7% 42.8% in Markets Across the Region 41.2% 40.6% 40.0% •Group turnover up 11% to $393.2m •Margins remain at 43% Gross Margins •South-east Asia (excluding Indonesia) rises 6% to 393,237 $300.7m 353,918 •Strong growth in
Slide 5: Turnover By Business Segment
Turnover ($’000) FY 2011 FY 2012 123,351 140,646 34.9% 35.8% 229,599 251,803 64.9% 64.0% Fashion Timepiece By Business Segment 5
Slide 6: Turnover By Geography
Turnover ($’000) FY 2011 FY 2012 1,408 6,364 68,636 0.4% 1.6% 19.4% 86,211 22.0% 300,662 283,874 76.4% 80.2% Southeast Asia North Asia Others By Geography 6
Slide 7: Sturdy Bottomline
ASD Sturdy Bottomline 7
Slide 8: Profit
Profit Net Profit After Tax S$ ‘000 Organic growth supports bottomline 14,804 • Net profit grows 6% to $13.5m 13,541 • Operating profit up 8% to $19.7m on improved 12,770 quality of business • Foreign exchange gain of $1.7m 8,260 -2,661 2008 2009 2010 2011 2012 8
Slide 9: Financial Highlights
Financial Highlights S$'000 FY 12 FY 11 Variance % Turnover 393,237 353,918 39,319 11 Gross margin 42.8% 42.7% Operating expenses 158,138 138,957 19,181 14 Operating profit 19,671 18,293 1,378 8 Foreign exchange gain/(loss) 1,729 (252) 1,981 nm Net Profit After Tax 13,541 12,770 771 6 9
Slide 10: Retail Footprint
Retail Footprint 250 TOTAL SQUARE FOOTAGE NUMBER OF STORES 200 Sq Ft '000 150 416* 100 50 373 0 348 FY10 FY11 FY 12 FY13* FY10 FY11 FY 12 FY13* Thailand 2 0 0 0 Australia 6 1 0 0 Hong Kong 0 3 5 5 Indonesia 64 75 93 101 Malaysia 63 55 65 65 Singapore 32 32 28 35 FY11 FY 12 FY13 Total 167 166 191 206
Slide 11: Investing For The Future
ASD Investing For The Future 11
Slide 12: Expenses
Expenses Higher development spending to position Group for organic growth & new brands • Cost-to-revenue ratio slightly higher at 40% • Operating expenses up 14% to $158.1m • Bulk of increase from higher headcount, rental for new stores, new warehousing and logistics centre in China, and opening of
Slide 13: Healthy Balance Sheet
AH BENJAMIN ON Healthy s+ = =Balance Sheet
Slide 14: Fundamentals
Fundamentals Dividend Per Share Earnings Per Share cents cents 2 2 2 2.61 2.44 2.28 1.45 1 0.5 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 -0.47 14
Slide 15: Outlook
ASD Outlook 15
Slide 16: Outlook
Outlook Organic growth, new brands to drive growth • Asia feeling impact of protracted Eurozone crisis and US slowdown • Near-term outlook for retail spending remains healthy • Organic growth and acquisition of new brands to drive business forward • Net opening of 7 new stores in Singapore and Malay
Slide 17: Contact
Contact Cheryl Li Catherine Ong F J Benjamin Holdings Ltd Catherine Ong Associates Pte Ltd Tel: (65) 6508 7708 Tel: (65) 6327 6088 Cheryl.li@fjbenjamin.com cath@catherineong.com
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