Breville Group Limited · ASX:BRG
Breville — H1 FY2014 Earnings Presentation
13 slides from Breville's earnings presentation, Feb 20, 2014
Slide 1: ASX cover letter - Half Year Ended 31 December 2013
For personal use only 20 February 2014 Manager, Company Announcements, Australian Securities Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Half Year Ended 31 December 2013 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Half Year En
Slide 2: Half Year Results FY14 Investor Presentation
Breville Group Limited For personal use only HALF YEAR RESULTS FY14 INVESTOR PRESENTATION FEBRUARY 2014 Jack Lord - Chief Executive Officer Mervyn Cohen - Group Chief Financial Officer
Slide 3: Strategy
Strategy For personal use only “A strategy of product innovation and global distribution continues to deliver growth across the Group” 2 2
Slide 4: Strategic Initiatives
Strategic Initiatives Group’s core strategy continues For personal use only — delivering sustainable growth through product innovation, brand management and distribution capabilities across multiple geographies The Group has — continued its investment in product development and marketing with a stro
Slide 5: Group Summary Result
Group Summary Result AUDm 1H14 1H13 % Chng Sale of goods 310.0 251.7 23.2% For personal use only Commission income 1.3 12.7 (89.8%) Revenue 311.3 264.4 17.7% EBITDA 49.1 49.7 (1.2%) EBIT 45.6 46.1 (1.1%) NPAT 31.2 31.7 (1.6%) Basic EPS (cents) 24.0 24.4 (1.6%) ROE1 22.6% 24.8% Dividend per share (ce
Slide 6: Financial Position at December
Financial Position at 31 December Key points For personal use only • Strong balance sheet AUDm 1H14 1H13 • Translation impact: weakening AUD Inventory 91.7 76.8 • Required increased investment in inventory – increased Receivables 139.9 125.5 seasonal adjusted level to support: ‒ North American growt
Slide 7: Operating Segments
Operating Segments Operating segments For personal use only Australia and New Zealand (ANZ) — Breville brand – premium kitchen segment — Kambrook/Ronson brands – broader range including irons, vacuums, heating and cooling — Philips^ brand – personal and garment care North America — Breville brand -
Slide 8: Segment Results
For personal use only Segment Results REVENUE EBITDA AUDm 1H14 1H13 % Chng 1H14 1H13 % Chng Australia and New 144.6 130.9 10.4% 16.6 17.4 (4.9%) Zealand (ANZ) North America 130.0 111.8 16.3% 22.9 26.0 (11.9%) Rest of World 36.6 21.7 69.1% 9.6 7.5 27.9% Other - - - 0.1 (1.2) - TOTAL 311.3 264.4 17.7%
Slide 9: ANZ Distribution
For personal use only ANZ Distribution AUDm 1H14 1H13 % Chng Revenue 144.6 130.9 10.4% EBITDA 16.6 17.4 (4.9%) EBIT 16.1 16.9 (5.0%) EBIT % 11.1% 12.9% Minor differences may arise due to rounding Key points • Good revenue growth • Positive inroads in portioned coffee segment with • Consumers remaine
Slide 10: North America Distribution
North America Distribution AUDm 1H14 1H13 % Chng For personal use only Sale of goods 128.7 99.1 29.9% Commission income 1.3 12.7 (89.8%) Revenue 130.0 111.8 16.3% EBITDA 22.9 26.0 (11.9%) EBIT 22.8 25.8 (11.9%) EBIT % 17.5% 23.1% Minor differences may arise due to rounding Key points • Solid growth
Slide 11: Rest of World
For personal use only Rest of World AUDm 1H14 1H13 % Chng Revenue 36.6 21.7 69.1% EBITDA 9.6 7.5 27.9% EBIT 9.5 7.5 27.8% EBIT % 26.1% 34.5% Minor differences may arise due to rounding Key points • New UK business performing in line with expectations • Continued focus on growth in Breville branded ‒
Slide 12: FY14 Product Launches
For personal use only FY14 Product Launches the Oracle the Quick Touch the Boss the Dual Boiler with automatic grinding, Intuitive microwave with Easy to use high tamping and milk texturing smart settings velocity superblender The world’s first automatic Smart settings take the guess Pulverises
Slide 13: Outlook
Outlook Encouraged by the Group’s first half performance For personal use only Broader business conditions expected to be globally challenging for remainder of financial year Firmly focused on continued investment in international expansion strategy FY14 guidance — PAT currently expected to approxim