Premier Investments Limited · ASX:PMV
Premier Investments — Shareholder Meeting (November 2015)
27 slides from Premier Investments's shareholder meeting presentation, Nov 27, 2015
Slide 1: Chairman's Address - Introduction
PREMIER INVESTMENTS LIMITED (A.C.N. 006 727 966) 27 November 2015 CHAIRMAN’S ADDRESS INTRODUCTION Two consistent themes have characterised my address to shareholders at our Annual General Meeting in recent years. The first has been to acknowledge the extraordinarily challenging environment for busin
Slide 2: volatility in the equity markets, commodity prices, currencies and have impacted on general investment
volatility in the equity markets, commodity prices, currencies and have impacted on general investment and growth. In Australia, the transition from the mining boom has not been well managed and is overlaid by cost of living pressures, high levels of personal debt, under- and unemployment and poor p
Slide 3: Strong Financial Performance and Premier Retail
same time a very disciplined cost efficiency programme has been implemented to meet the challenges of rising input costs. In summary, the management of those things we can control has been exceptional – and is the key factor in our successful performance in these very difficult times. The ultimate b
Slide 4: Smiggle International and online growth
internationally renowned shopping centres - ION in Singapore, Westfield London and Bluewater in the United Kingdom Total online sales grew 31% on last year (second half up 38%) and we enhanced our international online capabilities through the launch of “dotti.co.nz” and “smiggle.co.uk”. Online sal
Slide 5: Cash, Breville stake and dividends
At the end of the financial year, Premier reported cash of $281.6 million and its equity accounted investment in Breville at $209.5 million. The market value of this stake at year end was $228.9 million. The strong balance sheet, the underlying financial performance of Premier Retail and a franking
Slide 6: Public policy, tax reform and penalty rates
Bureaucratic complacency cannot continue to frustrate sound public policy and the need for immediate action. In relation to the broader issue of tax reform, a prolonged period of uncertainty is bad for business. While we are generally supportive of the need for reform, continuing uncertainty will be
Slide 7: Retirement of director Frank
In wishing Frank well in his retirement I will share one small but very telling anecdote about Frank. On the day after Frank’s impending retirement was announced to the ASX, Frank was on a 7am flight to Sydney to participate in an Audit Committee check of an inventory stocktake. A longstanding non-
Slide 8: Outlook and key messages
We continue to see future upside in our substantial investment in Breville as it expands to new international markets and strengthens its leadership in innovation Premier Retail has the outstanding senior management team in our sector in Australia and can be benchmarked internationally Premier
Slide 9: Premier Investments Limited Annual General Meeting November 2015
Premier Investments Limited Annual General Meeting 27 November 2015
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Slide 11: Agenda
Agenda 1 Chairman’s address 2 Resolutions 2
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Y) SP) Li 7 O a < sth = < = wd < = )
Slide 13: portmans
portmans
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Slide 15: Financial review
Financial review • Group profit – Underlying net profit before tax of $118.6 million, up 11.9%1 – Reported net profit after tax of $88.1 million, up 20.7% • Premier Retail contribution to Premier performance – Sales of $945.7 million, up 6.4% on pcp2 – Underlying profit before tax of $100.9 million1
Slide 16: Key highlights for FY15
Key highlights for FY15 • Peter Alexander sales up by 14.9% to $140.5 million (up 40% in 2 years) • Smiggle sales of $132.6 million, up 26% • Opened 25 new Smiggle stores across Australia, New Zealand, United Kingdom and Singapore • Total online sales up 31% 7
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Slide 18: Smiggle
Snnigsle
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Slide 21: Financial strength
Financial strength • Premier balance sheet strengthened – Cash on hand of $281.6 million – Balance sheet at year end shows investment in associate (Breville) as $209.5 million. Market value at year end of $228.9 million1 – Franking credit pool of $208.2 million at year end – Full year dividends incr
Slide 22: peteralexander
peteralexander
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Slide 25: AC
AC
Slide 26: 2. Resolutions
Slide 27: Premier Investments Limited Annual General Meeting November 2015
Premier Investments Limited Annual General Meeting 27 November 2015
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