Cettire Ltd. · ASX:CTT
Cettire — Shareholder Meeting (November 2024)
16 slides from Cettire's shareholder meeting presentation, Nov 14, 2024
Slide 1: AGM Chair and CEO Addresses and CEO Presentation
AGM Chair and CEO Addresses and CEO Presentation Melbourne, Victoria: 14 November 2024 – Cettire Limited (ASX: CTT) (“Cettire” or the “Company”), a global luxury online retailer, attaches the Chair and CEO addresses and CEO presentation to the AGM today. This document has been authorised for release
Slide 2: AGM Chair Address
AGM Chair Address Cettire delivered strong performance, once again, in the 2024 financial year. Sales revenue increased by 78%, Adjusted EBITDA was $32.5 million, Net profit after tax was $10.5 million and its core operating metrics were well ahead of the prior year’s performance. Cettire ended the
Slide 3: AGM CEO Address
AGM CEO Address Good morning everyone. Cettire’s growth since inception has been extraordinary, which not only speaks to our customer and supplier value proposition, it also reflects the strength of demand for global personal luxury goods over the past 7 years. Over the past 6 months, Cettire has be
Slide 4: For personal use only
For those of you who follow luxury companies, you will have more recently observed weaker trading performances across the sector from both a growth and earnings perspective. The latest trading update from some of the world's largest luxury conglomerates reported material declines in sales growth. It
Slide 5: For personal use only
Having said that, we are not entirely immune to the challenges in the luxury sector and have been working hard to mitigate any impacts on the business. On the supply side… We have seen continued resilience in our available inventories as we add additional suppliers, although the rate of growth in ov
Slide 6: For personal use only
In summary, the business is well positioned to deliver through cycle profitability and to re-accelerate when conditions normalise In our recent trading update, the metrics reflect many of the challenges I have outlined today. As we stated at the end of FY24, given the uncertainty of how long the cur
Slide 7: For personal use only
To conclude by reiterating why we are well positioned to deliver value to you, our shareholders. It is the attractive and resilient industry dynamics we operate in. It is our sustainable business model that is built to drive profitable growth. It is our large and growing supply chain along with our
Slide 8: 2024 Annual General Meeting November 2024
For personal use only 2024 ANNUAL GENERAL MEETING 14 NOVEMBER 2024 1
Slide 9: Founder & CEO Address
For personal use only FOUNDER & CEO ADDRESS
Slide 10: Strong Long-Term Fundamentals of Global Luxury Market
STRONG LONG-TERM FUNDAMENTALS OF GLOBAL LUXURY MARKET Global personal luxury goods market For personal use only Global personal luxury goods market (US$ billions) 622 YoY growth (RHS) 416 387 402 312 322 291 272 271 282 230 235 243 244 206 179 176 185 154 167 163 129 135 135 133 142 93 98 109 84 Onl
Slide 11: Short Term Challenges Evident in Current Operating Environment
SHORT TERM CHALLENGES EVIDENT IN CURRENT OPERATING ENVIRONMENT Slowing demand is cyclical Cycling strong, post-COVID growth – between 2021 and For personal use only 2023 CAGR for the personal luxury sector was 12% - more than double what it has been over the past 28 years Middle income and aspiratio
Slide 12: Cettire Business Model Creates Buffer to External Challenges
CETTIRE BUSINESS MODEL CREATES BUFFER TO EXTERNAL CHALLENGES Adaptable operating settings, flexible in For personal use only Capital-light business model with delivering profitable revenue growth low fixed cost structure through cycles Balance sheet and cash generation that Uncompromising strategy t
Slide 13: Q1 FY25 Trading Update
Q1 FY25 TRADING UPDATE Cettire strategic priorities during Q1 FY25 Q1 FY24 key metrics For personal use only Continued participation in promotional activity to remain +18% +22% competitive with market Gross revenue 1 Reduction in marketing investment as returns were substandard Sales revenue 1 to $1
Slide 14: Cettire Positioned Well to Deliver Shareholder Value
CETTIRE POSITIONED WELL TO DEIVER SHAREHOLDER VALUE 1 Attractive and resilient industry dynamics For personal use only 2 Sustainable self funding business model built to drive capital efficient profitable growth with minimal inventory 3 Automated proprietary technology enabling strategic flexibility
Slide 15: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER The information contained in this document and discussed at this presentation (collectively, the Presentation) has been prepared by Cettire Limited (ACN 645 474 166) (Cettire or the Company). The Presentation is subject to the conditions outlined below. Your receipt o
Slide 16: Thank You
For personal use only THANK YOU