Shriro Holdings Ltd. · ASX:SHM
Shriro — H1 2017 Earnings Presentation
16 slides from Shriro's earnings presentation, Aug 17, 2017
Slide 1: Shriro Holdings Limited
SHRIRO HOLDINGS LIMITED (SHM) 17th August 2017 For personal use only Strictly Private & Confidential
Slide 2: June 2017 Half Year Highlights
June 2017 Half Year Highlights For personal use only • Revenue increased by 9.0% on 1H16 • NPAT up 6.5% on CY16 • Strong operating cash flows of $11.1M (1H16: $4.6M) • Net debt down to $2.7M (30Jun16: $11.8M) • Global expansion of ‘everdure by heston blumenthal’ is progressing in line with expectati
Slide 3: Segment Revenue Split – first half 2017
Segment Revenue Split – first half 2017 For personal use only Kitchen Appliances (~48% of 1H17) Consumer Products (~52% of 1H17) Strictly Private & Confidential 3
Slide 4: Profit & Loss Statement
Profit & Loss Statement For personal use only Half Year Ended 30 June 2017 1H17 1H16 • Solid revenue growth of $ Million Actual Actual ∆ 9.0% in a difficult trading Revenue from environment ordinary 86.3 79.2 9.0% activities Gross Margin % 41.2% 43.0% • Interest costs continued to Operating (28.5) (
Slide 5: Consumer Products
Consumer Products For personal use only Half Year Ended 30 June 2017 1H17 1H16 $ Million Actual Actual ∆ Revenue from 44.5 41.4 7.5% ordinary activities EBITDA 3.9 5.1 (23.5%) EBITDA Margin 8.8% 12.3% • Hot January resulted in strong cooling products sales • BBQ product range is being expanded throu
Slide 6: BBQs – continued education strategy
BBQs – continued education strategy For personal use only Good Food and Wine Show Strictly Private & Confidential 6
Slide 7: Good Food and Wine Show
Good Food and Wine Show For personal use only Educating Australian Consumers Strictly Private & Confidential 7
Slide 8: Meatstock
Meatstock For personal use only Strictly Private & Confidential 8
Slide 9: MasterChef
MasterChef For personal use only https://tenplay.com.au/channel‐ten/masterchef/season‐9/episode‐40 Strictly Private & Confidential 9
Slide 10: Appliances
Appliances For personal use only Half Year Ended 30 June 2017 1H17 1H16 $ Million Actual Actual ∆ Revenue from 41.8 37.8 10.6% ordinary activities EBITDA 3.1 1.7 82.4% EBITDA Margin 7.4% 4.5% • Positive Sales contribution from Blanco after sales channel change • Sinks and taps grew strongly, backing
Slide 11: Balance Sheet
Balance Sheet For personal use only As at 30 June 2017 1H17 1H16 $M $M • Net debt reduced from $11.8M Current assets Cash and cash equivalents 0.8 0.0 to $2.7M Trade and other receivables 25.8 26.1 Inventories 38.7 43.5 Other assets 2.2 2.3 Total current assets 67.5 71.9 • Gearing low with Net Debt
Slide 12: Cash Flows
Cash Flows For personal use only Half Year Ended 30 June 2017 • Cash flow from operating activities improved significantly: Improved debtor collection 1H17 1H16 $M $M Lower stock levels Cash flows from operating activities 11.1 4.6 Net property, plant & equipment (1.6) (1.4) Dividend (6.7) (5.7)
Slide 13: Track Record
Track Record For personal use only Hit or exceeded numbers communicated to the market * Pro-forma numbers Strictly Private & Confidential 13
Slide 14: Opportunities
Opportunities For personal use only • Further product development across all brands • Expansion of brands across new product segments • New retailers entering the Australian and global markets • Expansion into more countries Strictly Private & Confidential 14
Slide 15: Outlook
Outlook For personal use only • Financial performance is biased to the second half due to seasonal influences • Watch sales expected to increase in 2018 • Global expansion of ‘everdure by heston blumenthal’ to continue, with an expanded product range being developed • CY17 NPAT currently expected to
Slide 16: Thank you
For personal use only Thank you Strictly Private & Confidential