Slide 1: Results for 6 months to 31 December 2011
For personal use only McPherson’s Limited Results for 6 months to 31 December 2011 22 FEBRUARY 2012 Paul Maguire – Managing Director Paul Witheridge – Chief Financial Officer
Slide 2: Group Financial Summary for H1 2012
Group Financial Summary for H1 2012 Continuing Operations For personal use only 6 months to 6 months to Dec 2010 Dec 2011 ($A million) ($A million) Sales 158.4 143.9 9% Sales decline EBITDA 27.9 20.7 Depreciation & amortisation (1.3) (1.3) EBIT 26.6 19.4 27% EBIT decline Interest (4.0) (2.8) Interes
Slide 3: Balance Sheet
Balance Sheet Continuing Operations For personal use only Dec 2010 Dec 2011 ($A million) ($A million) Fixed assets (including intangibles) 186.6 186.3 Net working capital (*) 101.3 93.9 Reduced working capital Other (44.0) (31.1) 243.9 249.1 Shareholders’ funds 173.6 180.2 Net debt (*) 70.3 68.9 Tot
Slide 4: Consumer Products Trading Commentary
Consumer Products Trading Commentary For personal use only • Retail sales in the first half were subdued, with consumer confidence adversely impacted by cost of living increases and global economic uncertainty • Discretionary retail purchases were adversely impacted by an increase in the overall sav
Slide 5: Consumer Products Operations
Consumer Products Operations For personal use only • Operations in Australia, New Zealand, and Singapore • Distributors in Canada and South Africa • Highly professional sourcing operation in China • Sophisticated logistics capability and large in-field presence • Specialists in product development,
Slide 6: MCP Existing Product Categories
MCP Existing Product Categories For personal use only
Slide 7: McPherson's Consumer Products Business Model
McPherson’s Consumer Products Business Model MCP C For personal use only Grocery G O L MCP adds value through, and derives a competitive Discount N O Department Stores advantage from, its: S B Operational excellence Department U A Stores People M L Processes Independent E IT Systems Housewares
Slide 8: MCP Operational Excellence Strategies
MCP Operational Excellence Strategies For personal use only PRODUCTIVITY & • Improve customer service, productivity and operational efficiency through the significant enhancement of IT Systems to enable the EFFICIENCY on-going automation of processes • Establish a culture of continuous improvement,
Slide 9: MCP Growth Strategies
MCP Growth Strategies For personal use only RENOVATION & • Focused on both existing and new categories • Lead by Product Marketing teams and a dedicated team for Innovation INNOVATION and Business Development AGENCY/LICENCE • New agencies partnered with if their product offering complements MCP’s ex
Slide 10: Cosmex Acquisition
Cosmex Acquisition For personal use only Personal Care products (Hair & Beauty) Acquired January 23rd 2012, Consideration $5.8 million. Revenue $16 million, Incremental EBIT $2.5+ million annualised.
Slide 11: Outlook
Outlook For personal use only • Retail sales environment expected to remain challenging, with currency and raw material costs volatile at present; however the business will be managed accordingly • Upward pressure on product costs ex China is expected to remain but sourcing initiatives will assist i