Beacon Lighting Group Ltd · ASX:BLX
Beacon Lighting — H1 FY2021 Earnings Presentation
24 slides from Beacon Lighting's earnings presentation, Feb 18, 2021
Slide 1: H1 FY2021 Results Presentation
For personal use only H1 FY2021 RESULTS PRESENTATION 18 FEBRUARY 2021 Beacon Lighting Group Limited
Slide 2: Contents
CONTENTS For personal use only 1 RESULTS OVERVIEW 2 FINANCIALS 3 STRATEGIC PILLARS OF GROWTH 4 H2 FY2021 OUTLOOK 5 QUESTIONS 6 APPENDICES H1 FY2021 RESULTS PRESENTATION 2
Slide 3: Results Overview
For personal use only 1 RESULTS OVERVIEW
Slide 4: H1 FY2021 Key Results
1 H1 FY2021 KEY RESULTS For personal use only • Record H1 sales and profit result for the Group • Group NPAT result of $22.2m an increase of 132.8% (1) • No JobKeeper subsidies were received • Group sales result of $151.3m an increase of 23.5% (1) • Company store comparative sales increased by 24.9%
Slide 5: H1 FY2021 Statutory Result
1 H1 FY2021 STATUTORY RESULT For personal use only Statutory Statutory $'000 Change $ Change % H1 FY2020 H1 FY2021 Sales (1) 123,038 151,343 28,305 23.0% Gross Profit 76,724 103,601 26,877 35.0% Gross Profit Margin 62.4% 68.5% Other Income 8,361 544 (7,817) (93.5%) % of Sales 6.8% 0.4% Operating Exp
Slide 6: H1 FY2021 Comparable Result
1 H1 FY2021 COMPARABLE RESULT For personal use only Underlying Statutory $'000 Change $ Change % H1 FY2020 (1) (2) H1 FY2021 (2) Sales 122,539 151,343 28,804 23.5% Gross Profit 78,879 103,601 24,722 31.3% Gross Profit Margin 64.4% 68.5% Other Income 581 544 (37) (6.4%) % of Sales 0.5% 0.4% Operating
Slide 7: Financials
For personal use only 2 FINANCIALS
Slide 8: Sales
2 SALES For personal use only SALES: $151.3m increased by 23.5% COMPANY STORE COMPARATIVE SALES: Increased by 24.9% • Company store sales were very exciting throughout H1 FY2021 with a comparative increase of 24.9% • Spectacular sales growth throughout all states. Strong sales growth in VIC was stil
Slide 9: Gross Profit
2 GROSS PROFIT For personal use only GROSS PROFIT: 68.5% of Sales to $103.6m • Gross profit margin has increased by 4.1% of sales to 68.5% • Exciting product ranges assisted by less promotional discounting has supported the gross profit margin • Product cost base has declined with the support of an
Slide 10: Operating Expenses / Other Income
2 OPERATING EXPENSES / OTHER INCOME For personal use only OPEX: Decreased by 4.0% of Sales to $56.7m $'000 H1 FY2020 H1 FY2021 Change $ Change % Other Income 581 544 (37) (6.4%) • Other Income continues to decline as franchise stores are % of Sales 0.5% 0.4% converted into company stores Marketing 7
Slide 11: Cash Flow
2 CASH FLOW For personal use only • Strong profit performance has generated $'000 H1 FY2020 H1 FY2021 strong cash flows Cash Flow from Operations • Invested $8.5m in retail properties 50% co-funded by non-controlling interests Receipts from Customers 139,775 168,921 • Continued investments in new st
Slide 12: Balance Sheet
2 BALANCE SHEET For personal use only $'000 DECEMBER 2019 DECEMBER 2020 • Strong cash position with a balance of $50.7m Cash 32,789 50,700 Receivables 8,671 6,583 • Net cash position (after debt) of $29.3m Inventories 75,561 68,761 Other 2,122 6,115 Total Current Assets 119,143 132,159 • Borrowings
Slide 13: Dividend
2 DIVIDEND For personal use only • Declared a fully franked dividend of 4.2 cents per share for H1 FY2021 for a total of $9.4m • The declared fully franked dividend for H1 FY2021 represents a 61.5% increase compared to the 2.6 cents per share declared for H1 FY2020. • The Dividend Reinvestment Plan
Slide 14: Strategic Pillars of Growth
For personal use only 3 STRATEGIC PILLARS OF GROWTH Customer | Underpinning everything we do at Beacon is a deep understanding of our customers’ needs. Retail Trade eCommerce New Business A REWA RD I N G INDUSTRY LEA DING ENG A G ING WEB SITE S E ME R GIN G B U SIN E SSE S CUST OM ER E XPE RI E N C
Slide 15: Strategic Pillars of Growth: H1 FY2021 Update
3 STRATEGIC PILLARS OF GROWTH For personal use only STRATEGIC PILLARS H1 FY2021 UPDATE • The safety of our teams and customers always remained the number 1 priority for the Group • Company store comparative sales increased by 24.9% • Opened new company stores at Virginia (QLD), Camperdown (NSW), Bel
Slide 16: Strategic Pillars of Growth: H1 FY2021 Update
3 STRATEGIC PILLARS OF GROWTH For personal use only STRATEGIC PILLARS H1 FY2021 UPDATE • U pgraded the Beacon Lighting website to a new technology platform to provide an enhanced online experience for our customers eCommerce • Online sales increased by 111.1% to $14.4 million • Online sales now 10.8
Slide 17: H2 FY2021 Outlook
For personal use only 4 H2 FY2021 OUTLOOK
Slide 18: H2 FY2021 Outlook
4 H2 FY2021 OUTLOOK For personal use only • Company store comparative sales have continued at an elevated level compared to the start of H2 FY2020 • Trade Strategy Taskforce continues to focus on ways to better service the need of our Trade Customers • There will be further enhancements to the beaco
Slide 19: Questions
For personal use only 5 QUESTIONS
Slide 20: Appendices
For personal use only 6 APPENDICES
Slide 21: Appendix
6 APPENDIX For personal use only 1. Other Information 2. Reconciliation of the H1 FY2020 Statutory Profit to the Underlying profit 3. Additional Disclosure Regarding AASB 16 Lease Accounting H1 FY2021 RESULTS PRESENTATION 21
Slide 22: Appendix 1: Other Information - Disclaimer
6 APPENDIX 1: OTHER INFORMATION For personal use only DISCLAIMER The presentation contains “forward-looking statements”. All statements other than those of historical facts included in the presentation are forward-looking statements. Where the Group expresses or implies an expectation or belief as t
Slide 23: Appendix 2: Reconciliation of H1 FY2020 Statutory Profit to Underlying Profit
6 APPENDIX 2: RECONCILIATION OF THE H1 FY2020 STATUTORY PROFIT TO THE UNDERLYING PROFIT For personal use only Statutory Underlying $'000 BES (1) PDC Sale (2) H1 FY2020 H1 FY2020 Sales 123,038 (499) - 122,539 Gross Profit 76,724 2,155 - 78,879 Gross Profit Margin 62.4% 64.4% Other Income 8,361 - (7,7
Slide 24: Appendix 3: Additional Disclosure Regarding AASB 16 Lease Accounting
6 APPENDIX 3: ADDITIONAL DISCLOSURE REGARDING AASB 16 LEASE ACCOUNTING For personal use only To assist in the analysis of the results, the following balances relate to the AASB 16 Lease Accounting transactions: AASB 16 AASB 16 $'000 H1 FY2020 H1 FY2021 Sales - - Gross Profit - - Gross Profit Margin
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