Kmd Brands Limited · NZX:KMD
Kmd Brands — Kathmandu Holdings — Shareholder Meeting (November 2019)
19 slides from Kmd Brands's shareholder meeting presentation, Nov 22, 2019
Slide 1: Annual Meeting
ANNUAL MEETING November 2019
Slide 2: Agenda: Annual Meeting 2019
Agenda: Annual Meeting 2019 » Item 1: Chairman’s address » Item 2: CEO address » Item 3: Financial Statements » Item 4: Election of Directors » Item 5: Auditors’ Remuneration » Item 6: General business 2
Slide 3: Chairman's address
Chairman’s address 3
Slide 4: CEO address
CEO address 4
Slide 5: Chief Executive Officer's Address
Chief Executive Officer’s Address » Kathmandu FY19 results: » Financial highlights » Operational highlights » Strategy » Rip Curl acquisition: » Investment highlights » Vision for the combined group » Progress update 5
Slide 6: Kathmandu FY19 Financial highlights
Kathmandu FY19 Trading » Sales up 9.7% to $545.6m Financial highlights » Same Store Sales growth +0.6% (Australia +2.7%, New Zealand -3.9%) » Operating expenses reduced by 2.5% as a percentage of sales Earnings » Another year of record profit » EBIT up 12.7% to $84.3m » NPAT up 13.6% to $57.6m Onlin
Slide 7: Kathmandu FY19 Operational highlights
Kathmandu FY19 Brand » Launched our first global brand campaign Operational highlights ‘World Ready’ » 12% YOY increase in social media and digital reach Customers » 81% of customers are ‘fans’ (TruRating). Fans spend at least 10% more than other customers » Summit Club members spend 29% more per tr
Slide 8: Kathmandu strategy: a clear plan to drive sustainable and profitable growth
Kathmandu strategy: a clear plan to drive sustainable and profitable growth Grow Core Markets: Win with Distinctive Product Enhance the Customer Become a Global Business Australia and New Zealand Experience through Digital » Supercharge Summit Club » Extend leadership in key » Make it easy for custo
Slide 9: Sustainability Leadership: Best for the World
Sustainability Leadership: Best for the World 9
Slide 10: Rip Curl acquisition: investment highlights
Rip Curl acquisition: investment highlights 1 Creates a NZ$1.0bn(1) global outdoor and action sports company anchored by two iconic Australasian brands 2 Rip Curl is a leader in the global surf industry with products that are complementary to Kathmandu from a technical and seasonal perspective 3 Rip
Slide 11: Rip Curl acquisition: vision for the combined group
Rip Curl acquisition: vision for the combined group (1) Shared support functions where operational value can be derived Kathmandu, Rip Curl Rip Curl, Kathmandu Kathmandu, Rip Curl and Oboz to leverage and Oboz to retain and Oboz to retain their respective strengths and operational ownership strong b
Slide 12: Summary
Summary » Delivered another record sales and profit result in FY19 » Rapid sales and profit growth from Oboz » Generating strong cash flow which allowed for final FY19 fully imputed/franked dividend of NZ 12.0 cps and a record high full year payout of NZ 16.0 cps 12
Slide 13: Outlook
Outlook » Early FY20 Group trading is in line with expectations » Rip Curl well positioned for summer trading period » Integration of Rip Curl into the Kathmandu Group on track » First half result remains highly dependent on the critical Christmas trading period to come » Kathmandu only gross margin
Slide 14: Ordinary Business Items: 3 to 6
Ordinary Business Items: 3 to 6 14
Slide 15: Item 3: Financial Statements
Item 3: Financial Statements To receive the Annual Report of the Company for the year ended 31 July 2019, including the financial statements and Auditor’s report 15
Slide 16: Item 4: Election of Directors
Item 4: Election of Directors Resolution 1. Mr. Xavier Simonet To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr. Xavier Simonet, who retires at the Annual Meeting and is eligible for re-election, be re-elected as a Director of the Company.” Resolu
Slide 17: Item 5: Auditors' Remuneration
Item 5: Auditors’ Remuneration Resolution 3. To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To record that PricewaterhouseCoopers continue in office as the Company’s auditors and to authorise the Directors to fix the remuneration of PricewaterhouseCoope
Slide 18: Item 6: General Business
Item 6: General Business To consider such other business of the Company as may be properly brought before the meeting in accordance with the Company’s Constitution. 18
Slide 19: Other business
Other business 19
Kathmandu Holdings — Shareholder Meeting (November 2019) on 6ix