Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — Shareholder Meeting (October 2017)
18 slides from Fj Benjamin's shareholder meeting presentation, Oct 27, 2017
Slide 1: FY2017 AGM Presentation
A leader in brand building and management in Southeast Asia FY2017 AGM 27 OCTOBER 2017 PRESENTATION
Slide 2: Agenda
Agenda FY2017 SNAPSHOT FINANCIAL HIGHLIGHTS RETAIL FOOTPRINT GROWTH STRATEGY Q1 FY2018 RESULTS COST MANAGEMENT PROPOSED RIGHTS & WARRANTS ISSUE OUTLOOK GROUP BRANDS 2
Slide 3: FY2017 Snapshot: Restructuring almost completed
FY2017 Snapshot Restructuring almost completed • Terminated underperforming and non-core brands • Closed 26 non-performing stores and opened 50 new stores, outlets and kiosks • Reduced inventory holdings by 26% to $40.6 million • Streamlined operations and pared selling, general and administrative c
Slide 4: FY2017 Snapshot: Rationalising brand portfolio
FY2017 Snapshot Rationalising brand portfolio • Sold eco-friendly paper and tissue business NooTrees • Terminated distribution rights for Goyard • Net gains of $10.8 million from NooTrees and Goyard sales • Not renewing agreements for Gap and Banana Republic expiring February 2018; will close 20 sto
Slide 5: Financial Highlights: Revenue & Gross Margin
Financial Highlights: Revenue & Gross Margin Gross Margin • Group turnover fell $46.1 million, or 43% 42% 18%, from FY2016 42% Turnover 39% • Decline in turnover due to 39% in S$ mil 373.4 368.2 discontinued businesses and lower sales to Indonesian associate, which previously contributed a total of
Slide 6: Financial Highlights: Net Profit/Loss After Tax
Financial Highlights: Net Profit/Loss After Tax In S$ mil 4.0 -15.6 -17.4 -22.1 -23.0 FY13 FY14 FY15 FY16 FY17 6
Slide 7: Retail Footprint
Retail Footprint Number of stores Total Square Feet in '000 245 218 226 416 410 406 FY15 FY16 FY17 FY15 FY16 FY17 Singapore 37 32 30 Malaysia 69 69 76 Indonesia 112 125 139 Total 218 226 245 FY15 FY16 FY17 7
Slide 8: Growth Strategy
Growth Strategy • New growth drivers will come from existing brands which are expanding, factory outlet strategy, diversification into high-growth beauty and skincare category, and executing an omnichannel strategy • Opened four Marc Jacobs stores and looking for new locations in the region • Introd
Slide 9: Growth Strategy: Timepieces
Growth Strategy Timepieces • Continue to focus on mass market timepieces in Southeast Asia • Rapid growth seen in Casio retail and distributorship in Indonesia; received fresh injection of funds • Growing multi-brand retail stores WatchZone and WatchEngine. 9
Slide 10: Q1 FY2018 Results
Q1 FY2018 Results • Net attributable loss narrowed by 74% to $942,000 for Q1 ended 30 September 2017 against $3.6 million loss previously • Revenue totaled $41.4 million against $51.3 million in previous corresponding quarter • After currency effects and excluding discontinued brands, revenue in Sin
Slide 11: Cost Management
Cost Management • 70% pay cut for Benjamin family management and redesignation of Executive Chairman resulting in $1.6 million savings. Including non- replacement of two country heads, total savings of $2.2 million • Relocation of Singapore HQ in December 2017 to smaller premises with annualised cos
Slide 12: Proposed Rights & Warrants Issue
Proposed Rights & Warrants Issue Rights Warrants To raise up to $12 million To raise up to $27 million 341,225,914 new shares 682,451,828 warrants $0.04 per warrant; exercise $0.035 per share period of three years Three rights shares for every Two free warrants for each five existing shares rights s
Slide 13: Proposed Rights & Warrants Issue
Proposed Rights & Warrants Issue $0.045 $0.04125 $0.035 * • Benjamin family, Peter Lim and Raffles Investments Limited have agreed to subscribe to their entitlements in full • Benjamin family and Peter Lim to take up excess rights • Subject to regulatory and shareholder approvals. * 22.2% discount t
Slide 14: Proposed Rights & Warrants Issue
Proposed Rights & Warrants Issue Support expansion plans Net proceeds of Strategic investments Rights issue General working and acquisitions capital Strengthen capital base and repay loans 14
Slide 15: Outlook
Outlook • With restructuring almost completed, Group is on the verge of a turnaround • Exploring opportunities in skincare and cosmetics • Negotiating with potential e-commerce platform operators for omnichannel services • Ongoing talks with international investor to enhance shareholder value • Righ
Slide 16: Group Luxury Brands
Group Luxury Brands CELINE GIVENCHY LOEWE TOM FORD MARC JACOBS (h PrettylSallerinas ‘ @ BENJAMIN
Slide 17: Group Lifestyle Brands
Group Lifestyle Brands superar BABWZEN La SCNZA up y. REBECCAMINKOFF SHERIDAN VINCCI Alpinad Bell(&)Ross Cavinklen ~=s CASIO. e-shatik wise mode ® Or eB G ER (LESU) FREDERIQUE CONSTANT GUESS WATCHES ON IC NAUTICA Superdry. oc ¥ RADO = tissoT victorinox “ATCHSNgINe Aes @ BENJAMIN 17
Slide 18: Thank You
@ ©) BENJAMIN Thank You
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