Grand Banks Yachts Limited · SGX:G50
Grand Banks Yachts — Shareholder Meeting (2014)
14 slides from Grand Banks Yachts's shareholder meeting presentation, 2014
Slide 1: Grand Banks Yachts Limited 2014 Annual General Meeting: Charting The Future
Grand Banks Yachts Limited 2014 Annual General Meeting Charting The Future 2014 Annual General Meeting
Slide 2: AGM 2014 Agenda
AGM 2014 Agenda 2 • Recent highlights • Financial review • Update on SGX Watch-List • Two brands, one vision ! Developments after Palm Beach acquisition • Q&A 2014 Annual General Meeting
Slide 3: Recent highlights
Recent highlights 3 1 AUG Completion of Palm Beach acquisition Mark Richards appointed Executive Director and CEO 27 AUG Announced FY2014 results; full-year profit 7 OCT Received AIP from SGX for removal from Watch-List with effect from 9 October 2014 2014 Annual General Meeting
Slide 4: Financial Review: Order Intake
Financial Review 4 Order Intake Other Regions: 32.3% Europe: 4.4% US: 63.3% • North American market entered 2nd year of recovery after GFC • Increasing buying interest in Asia • Delivered 24 boats in FY14 • Aggregate net order book at S$19.8 million (as at 31 July 2014) FY14 Sales: S$40.3M 2014 Annu
Slide 5: Financial Review: FY14 Snapshot
Financial Review 5 FY14 Snapshot S$’000 FY14 FY13 Change % Revenue 40,349 35,253 +14.5 Gross Profit 7,840 4,787 +63.8 Total Operating Expenses (6,541) (9,542) --31.5 Net Profit/(Loss) 1,033 (5,215) +119.8 EPS (cents) 0.66 (4.64) +114.2 • First FY profit in 6 years • FY14 net profit at S$1.0M (FY13:
Slide 6: SGX Watch-List Update
SGX Watch-List 6 Update On Application To SGX Requirements for Watch-List removal Grand Banks’ current status: • Consolidated pre-tax profit for • FY14 pre-tax profit: S$1.0M latest financial year • Market capitalisation of • Market capitalisation over last S$40M or more over the last 120 market day
Slide 7: Two brands, one vision: Customer reception
Two brands, one vision 7 Customer reception 2014 Annual General Meeting
Slide 8: Two brands, one vision: Grand Banks Aleutian RP
two brands, one vision 8 Grand banks 55 aleutian rp • Introduced in FY14 • Two orders taken from Customer Reception event 2014 Annual General Meeting
Slide 9: Key issues
Two Brands, One Vision 9 Key issues 1. Product line-up • Developing new products to expand market reach 2. Manufacturing footprint • Increase utilisation of Pasir Gudang yard by building Palm Beach there • Streamlining operations 3. Sales and distribution • Changes in sales model model • Appointment
Slide 10: Palm Beach boat at Australian yard
Two Brands, One Vision 10 Palm beach boat at australian yard 2014 Annual General Meeting
Slide 11: Cannes International Yacht Show (9-14 Sep)
Two Brands, One Vision 11 cannes international yacht Show (9-14 Sep) 2014 Annual General Meeting
Slide 12: 44th Newport Boat Show (11-14 Sep)
Two Brands, One Vision 12 44th newport Boat Show (11-14 Sep) 2014 Annual General Meeting
Slide 13: Next Singapore Yacht Show (23-26 Apr 2015)
Two Brands, One Vision 13 next Singapore yacht show (23-26 APR 2015) 2014 Annual General Meeting
Slide 14: Thank you
Thank you 2014 Annual General Meeting