Slide 1: ASX cover letter: Investor Presentation (as Amended)
For personal use only 23 August 2012 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Year Ended 30 June 2012 Investor Presentation (as Amended) Attached is a copy of the Breville Group Limited Investor Presentation (as Amended) for t
Slide 2: Year End Results FY12 Investor Presentation
Breville Group Limited For personal use only YEAR END RESULTS FY12 INVESTOR PRESENTATION (as Amended) August 2012 Jack Lord - Chief Executive Officer Mervyn Cohen - Chief Financial Officer
Slide 3: Group Results Summary
Group Results Summary For personal use only Revenue $427.9m +8.7% – excluding exited North American homewares FY11 +13.3% • EBITDA $72.5m +39.3% – excluding FY11 onerous lease expense +26.3% NPAT $46.0m +44.9% EPS 35.4 cents (FY11: 24.5 cents) +44.5% DPS: 24.0 cps [fully franked] (FY11: 16.5 cps, [1
Slide 4: Financial Results Summary
Financial Results Summary For personal use only AUDm FY12 FY11 % Chng Strong International growth Revenue 427.9 393.6 8.7% Encouraging performance in Australia Successful launches of higher value Breville EBITDA 72.5 52.0 39.3% designed products Strong juicer sales EBIT 65.6 45.3 44.8% Strong growth
Slide 5: Strong EBITDA Growth
Strong EBITDA Growth For personal use only 4 year compound annual growth of 18.2% 4
Slide 6: Good EPS and Dividend Growth
Good EPS and Dividend Growth For personal use only 4 year compound annual growth • EPS of 21.0% • DPS of 23.0% 5
Slide 7: Australia
Australia For personal use only 1H 2H FY AUDm 1H12 1H11 % Chng 2H12 2H11 % Chng FY12 FY11 % Chng Revenue 111.8 119.5 -6.4% 89.9 81.8 9.9% 201.7 201.3 0.2% EBITDA 14.2 16.6 -14.5% 7.1 4.9 44.9% 21.3 21.5 -1.0% EBIT 13.6 15.9 -14.8% 6.5 4.3 53.8% 20.1 20.2 -0.3% EBIT % 12.2% 13.3% 7.3% 5.2% 10.0% 10.0
Slide 8: New Zealand
New Zealand For personal use only 1H 2H FY AUDm 1H12 1H11 % Chng 2H12 2H11 % Chng FY12 FY11 % Chng Revenue 15.2 13.3 14.6% 11.5 10.4 10.6% 26.8 23.7 12.8% EBITDA 2.3 1.7 36.8% 1.2 1.0 27.3% 3.6 2.7 33.3% EBIT 2.3 1.7 37.1% 1.2 1.0 28.0% 3.6 2.7 33.8% EBIT % 15.3% 12.8% 10.7% 9.3% 13.3% 11.2% Minor d
Slide 9: North America
North America For personal use only 1H 2H FY AUDm 1H12 1H11 % Chng 2H12 2H11 % Chng FY12 FY11 % Chng Revenue 86.8 77.5 12.0% 65.4 46.8 39.6% 152.2 124.4 22.4% EBITDA 22.8 12.5 82.0% 11.9 7.2 65.8% 34.7 19.7 76.1% EBIT 22.6 12.2 84.7% 11.7 6.9 69.6% 34.3 19.1 79.3% EBIT % 26.0% 15.8% 17.9% 14.7% 22.5
Slide 10: International Distributors
International Distributors For personal use only 1H 2H FY AUDm 1H12 1H11 % Chng 2H12 2H11 % Chng FY12 FY11 % Chng Revenue 19.7 25.4 -22.2% 27.6 18.8 46.3% 47.3 44.2 7.0% EBITDA 6.0 8.0 -24.1% 7.7 5.6 38.6% 13.7 13.5 1.7% EBIT 6.0 8.0 -24.1% 7.7 5.5 38.8% 13.7 13.5 1.7% EBIT % 30.6% 31.4% 27.9% 29.4%
Slide 11: Financial Position at June
Financial Position at 30 June For personal use only AUDm FY12 FY11 Strong balance sheet and conservative financial position Inventory 61.6 57.9 − Continued focus on working capital management Receivables 73.6 67.3 − Strong earnings - positive cash position Trade and other payables (63.7) (59.1) Gear
Slide 12: 2013 Strategic Focus
2013 Strategic Focus For personal use only Innovation − Developing the worlds best kitchen products − Organisation wide end to end product development process Food teams – beverage, cooking, food preparation Experienced and highly regarded industry professionals across multiple markets Priority base
Slide 13: Australian & New Zealand Product Launches
Australian & New Zealand Product Launches For personal use only Premium Colour Fryware Vacuum Sealing Sous Vide 12
Slide 14: Global Flagship Product Launches
Global Flagship Product Launches For personal use only The coffee maker with adjustable flavour and strength that brews directly + into a cup, travel mug or carafe. + Full power. Reduced suction. Smarter blending. For precision extraction and simultaneous steam. Ice-cream maker with automatic hardne
Slide 15: Outlook
Outlook For personal use only Encouraged by strong FY12 performance Ability to design, develop and innovate Leverage over multiple geographies Appropriate local distribution channels Retail conditions remain volatile Cautiously optimistic for FY13 − Increasing international presence − Focus on innov