Slide 1: Joyce Corporation 1H18 Results
JOYCE CORPORATION 1H18 RESULTS For personal use only By A nt h o ny M a n ka r i o s ‐ E xe c u t i ve D i re c to r March 2018
Slide 2: Agenda
Agenda For personal use only Statutory 1H18 Summary Key Performance Highlights Key Performance Summary Dividends Segment Summary Key Objectives Outlook in 2018 JOYCE CORPORATION LTD 2
Slide 3: Key Performance 1H18 Highlights
Key Performance 1H18 Highlights For personal use only +21% +12% +18.8% $47.37m $1.75m $123.4m JYC Cons JYC NPAT to JYC Network Revenue Members Sales & Auction Turnover +39% +24% +43% $7m $28m $10m JYC Consolidated Lloyds Online KWB Group Underlying Auctions Revenue EBITDA Revenue JOYCE CORPORATION L
Slide 4: Key Performance 1H18 Segment EBITDA
Key Performance 1H18 Summary For personal use only SEGMENT EBITDA December 2017 "$000's "$000's "$000's "$000's "$000's "$000's Var % Bedshed – Bedshed owned Retail KWB Group Lloyds Online in $000's Franchising bedding Retail Kitchen Joyce Auctions Total YOY Increase Segment Underlying profit (EBIT)
Slide 5: Earnings Per Share Underlying Profit
Earnings Per Share Underlying Profit For personal use only Reconciliation of EPS table 1H18 1H17 Variance Total Shares Joyce Diluted 27,968,255 #039;000's $000's % Net Profit after tax for members of Joyce 1,752 1,570 Add back Joyce share of after tax underlying adjustment 487 0 Remove Property re‐valu
Slide 6: Key Performance 1H18
Key Performance 1H18 Summary For personal use only • 1H18 revenue increased to $47.37 million, up +21% on 1H17. • 1H18 Network Sales including fees and auction turn‐ over up to $123.4 Million, up +18.8% on 1H17. • 1H18 total Group EBITDA (inc NCI) up +13 % to $5.6M Million from 1H17; and 1H18 Underl
Slide 7: Segment Revenue
Segment Revenue Summary For personal use only 1H18 Revenue 1H17 Revenue Var. Segment‐1H18 Consolidated $000's 000's % Bedshed Franchising 1,562 2,033 ‐23% Company owned stores 6,967 7,022 ‐1% Kitchens 28,728 23,087 24% Online Auctions 10,025 7,000 43% Corporate 87 5 1,640% Total 47,369 39,147 21% JO
Slide 8: Dividends
Dividends For personal use only ORDINARY DIVIDEND • The Company declared a interim 5 Cents per share 0.06 cents per share fully franked 0.05 Dividends. To be paid 11 April 18. 0.04 • We are optimistic that future 0.03 additional growth 0.02 in Dividends may be possible subject to current cash flow m
Slide 9: Underlying EBIT
Underlying EBIT Summary For personal use only Underlying EBIT performance summary 1H18 1H17 1H18 1H17 Variance one‐Off Underlying underlying " $000's Statutory Statutory % transactions EBIT EBIT Variance Bedshed Franchising 765 464 65% ‐ 765 464 65% Company owned stores 220 503 ‐56% ‐ 220 503 ‐56% K
Slide 10: Joyce Corporation
Joyce Corporation {ASX:JYC} Summary For personal use only • Company is in a solid financial position, with low levels of bank debt and opportunity to leverage and grow with cash in bank. • QLD Lytton property fully leased and annualised rents stream of $908K pa including o/goings has commenced creat
Slide 11: Key objectives
Key objectives For personal use only • Lloyds purchased its online auction platform and its online ‐IP resulting in further national expansion investment with a total 11 sites nationally. • Step up the Roll‐out of the new “evolution” store fit‐out program to remaining Bedshed stores and expansion in
Slide 12: Outlook in 2018
Outlook in 2018 For personal use only Joyce Corporation { JYC} is in a dynamic growth stage. Statutory Revenue up + 21% and total group network written sales and commissions up + 18.8%. Joyce has mostly counter‐ cyclical business units. This provides relatively low risk, robust balance sheets ma
Slide 13: Disclaimer
Disclaimer For personal use only Information contained in this presentation may involve forward looking statements. Possible future performance estimates, estimated earnings, potential growth of the company or its industry or other projections. Whilst “JYC” believes these are reasonable at the tim