Dusk Group Ltd. · ASX:DSK
Dusk — Shareholder Meeting (November 2024)
19 slides from Dusk's shareholder meeting presentation, Nov 18, 2024
Slide 1: 2024 Annual General Meeting
Dusk Group Limited (ASX:DSK) 2024 Annual General Meeting 18 November 2024
Slide 2: Board of Directors
Board of Directors Non-executive directors John Joyce Chairman David MacLean Tracy Mellor Vlad Yakubson CEO and Managing Director Katherine Ostin Trent Peterson Dusk Group Limited - 2024 AGM Presentation 2
Slide 3: Agenda
Agenda 01 02 03 Chairman’s Address CEO and Managing Formal Business John Joyce Director’s Address Vlad Yakubson Dusk Group Limited - 2024 AGM Presentation 3
Slide 4: Chairman's Address
Chairman’s Address Dusk Group Limited - 2024 AGM Presentation
Slide 5: FY24 Financial Overview
FY24 Financial Overview Transformational year with new management team and new strategy in place. dusk delivered quarter on quarter improvements in sales trends as FY24 progressed $126.7m $81.5m 64.3% $6.2m Total Sales Gross Profit3 Gross Profit % Pro Forma EBIT4 -7.9% on pcp1 -7.5% vs pcp +20 basis
Slide 6: CEO and Managing Director's Address
CEO and Managing Director’s Address Dusk Group Limited - 2024 AGM Presentation
Slide 7: The Year in Review
The Year in Review Improvement in sales run rate through 2H FY24 reflects better execution and the early phase of new strategic initiatives gaining traction. Renewal of Significant talent renewal across key leadership roles in the business. New leadership team in place, which brings fresh perspectiv
Slide 8: Key strategic priorities – FY25 and beyond
Key strategic priorities – FY25 and beyond Grow market share and reassert our leadership in the home fragrance category and gifting. 1 Increasing 2 New customer 3 Redefine our customer frequency acquisition brand identity • Deliver more product newness, more often, • Introduce more contemporary rang
Slide 9: Leading a product-led turnaround
Leading a product-led turnaround A reset of our product strategy is at the heart of our turnaround. We are implementing material changes in both execution and the strategic aspects of product development, ranging, sourcing, and supply chain New products and ranges, more We are reinvigorating the cad
Slide 10: FY25 Priorities
FY25 Priorities • Accelerate product rejuvenation program. Upgrade core product New products offering and increase frequency of new product drops and ranges • More product collaborations and new seasonal ranges are in the pipeline • Invest in digital marketing with social media campaigns that target
Slide 11: Trading Update & Outlook
Trading Update & Outlook Sales results for the first 20 weeks of FY25 vs pcp are as follows: Sales growth, unaudited First 20 weeks FY25 vs pcp Total sales +12.7% LFL sales +11.5% Online sales +41.2% Bricks and mortar sales +10.7% • Online penetration of 8.3% (6.8% in pcp) as our • Two new stores ha
Slide 12: Items of business
Items of business Dusk Group Limited - FY24 Result Presentation
Slide 13: Financial Report, Directors' Report and Auditor's Report
ITEM 1 Financial Report, Directors’ Report and Auditor’s Report To receive and consider the financial report, directors’ report and auditor’s report for the Company and its controlled entities for the year ended 30 June 2024. Dusk Group Limited - 2024 AGM Presentation 13
Slide 14: Re-election of Directors
ITEM 2 Re-election of Directors 2.1 That John Joyce, being eligible, be re-elected as a Director of the Company. Proxies Received Number of Votes % Votes (excluding abstentions) For 9,067,588 97.10 Open 133,330 1.43 Against 137,237 1.47 Abstained 3,817 NA Dusk Group Limited - 2024 AGM Presentation 1
Slide 15: Re-election of Directors (cont.)
ITEM 2 Re-election of Directors (cont.) 2.2 That Trent Peterson, being eligible, be re-elected as a Director of the Company Proxies Received Number of Votes % Votes (excluding abstentions) For 10,612,703 92.91 Open 132,972 1.16 Against 677,480 5.93 Abstained 3,817 NA Dusk Group Limited - 2024 AGM Pr
Slide 16: Adoption of Remuneration Report
ITEM 3 Adoption of Remuneration Report That the Remuneration Report for the year ended 30 June 2024 be adopted. Proxies Received Number of Votes % Votes (excluding abstentions) For 7,594,308 94.53 Open 132,972 1.66 Against 306,301 3.81 Abstained 62,764 NA Note: A voting exclusion statement applies t
Slide 17: Issue of Performance Rights to CEO and Managing Director
ITEM 4 Issue of Performance Rights to CEO and Managing Director That approval is given for the purposes of ASX Listing Rule 10.14 and for all other purposes, for the grant of performance rights to the Chief Executive Officer and Managing Director, Vlad Yakubson, on the terms set out in the Explanato
Slide 18: Meeting closed
Meeting closed Dusk Group Limited - 2024 AGM Presentation
Slide 19: Disclaimer
Disclaimer This presentation has been prepared by Dusk Group Limited (‘dusk’) ABN: 38 603 018 131. It is general information on dusk and its subsidiaries (‘dusk Group’) current as at the date of the presentation. It is in summary form and is not necessarily complete. It should be read together with