Slide 1: Results for the 53 weeks to 3 July 2010
For personal use only Super Cheap Auto Group Results for the 53 weeks to 3 July 2010 Peter Birtles, Managing Director Gary Carroll, Chief Financial Officer 24th August 2010
Slide 2: Group Highlights
Group Highlights For personal use only • Group Net Profit After Tax up by 18.4% over PCP • Group EBIT up by 19.3% over PCP on an underlying basis • Group Sales up by 13.2% over PCP • Continued growth in EBIT margins in Supercheap Auto and BCF Boating Camping Fishing • Maintaining solid like for like
Slide 3: Performance Trends
Performance Trends For personal use only Sales ($m) EBIT ($m) * 938.0 65.8 828.8 715.4 55.1 624.8 45.7 525.9 38.1 28.9 June June June June June June June June June June 06 07 08 09 10 06 07 08 09 10 * - excludes goodwill impairment charge EPS (cents) Post Tax ROC (%) 34.0 16.8 29.9 15.6 13.9 14.1 24
Slide 4: Group Results
Group Results For personal use only • Strong performance driven by top-line growth 2009/10 Change and gross margin improvement $m on pcp • Solid sales growth in both SCA and BCF through both new store and LFL growth Sales 938.0 13.2% • EBIT margin growth in SCA and BCF • Group NPAT impacted by EBITD
Slide 5: Business Unit Results
Business Unit Results For personal use only 2009/10 2008/09 Sales EBIT * Sales EBIT $m $m $m $m Auto & Cycle Retailing 684.8 48.2 623.3 42.4 Leisure Retailing 253.2 21.3 205.5 16.4 Group Costs** (3.7) (3.7) Total Group 938.0 65.8 828.8 55.1 * - excludes goodwill impairment charge ** - Group Costs in
Slide 6: Auto & Cycle Retailing
Auto & Cycle Retailing For personal use only • Supercheap Auto delivering an excellent result 2009/10 change on $m pcp • Maintained momentum in LFL sales growth through the year building on 7.3% growth in PCP. Growth driven by new products, own Sales 684.8 9.9% brand range development, supply perfor
Slide 7: Leisure Retailing
Leisure Retailing For personal use only 2009/10 change on • BCF delivered strong sales and profit growth pcp $m • 9 stores opened and one acquired during the year to bring total stores to 69 Sales 253.2 23.2% • Solid LFL growth building on 12.5% growth in PCP – 2nd half LFL growth lower but cycling
Slide 8: Group Cash Flow
Group Cash Flow For personal use only 2010 2009 • Headline Operating Cash Flow was impacted by the additional creditor payment. $m $m On a like-for-like basis, operating cash flows increased by approximately $25m in 2010 Operating cash flow 70.0 81.6 • Total organic growth investment of $35m (pre st
Slide 9: Group Balance Sheet
Group Balance Sheet For personal use only Jun 10 Jun 09 $m $m • SCA average inventory of $543k per store down by 2.5% compared to PCP, with continued focus on supply chain efficiencies Inventory offsetting the increased stock weight of higher value products - SCA 144.9 142.5 - BCF 65.3 64.5 • BCF av
Slide 10: Returns & Capital Ratios
Returns & Capital Ratios For personal use only • Improvement in EPS and fixed charge 2010 2009 coverage ratio reflect the improved profit performance EPS – reported 34.0c 29.9c • All cover ratios are well within covenanted levels Fixed charge cover 1.96x 1.92x • CBA and HSBC have joined ANZ to provi
Slide 11: Group Strategy Update
For personal use only Group Strategy Update
Slide 12: Auto & Cycle Retailing
Auto & Cycle Retailing For personal use only • Channel Development • Channel Development • Potential for over 300 stores including • Potential for around 150 stores across 20 superstores Australia and New Zealand • Refurbishment program at circa 30 • Relocating 8 existing stores stores per year • We
Slide 13: Leisure Retailing
Leisure Retailing For personal use only • Channel Development • Business Integration • Potential for around 90 stores • Rollout of SCA Group POS and ERP • Store refresh program • Group Logistics • Ongoing development of on-line • Team and Culture • Merchandise and Marketing • Channel Development • R
Slide 14: Group Initiatives
Group Initiatives For personal use only Team Development Inventory and Supply Management • Learning and Development • Demand forecasting systems • Health and Safety • Strategic supply modelling • Performance & Succession Management • Supply chain methods • Recruitment, Engagement & Communication • S
Slide 15: Looking Forward
For personal use only Looking Forward
Slide 16: Looking Forward
Looking Forward For personal use only Auto & Cycle Retailing • Expect to open between 5 and 10 new SCA stores, 3 and 5 Goldcross Cycles stores, close 2 SCA stores and refurbish 30 SCA stores during 10/11 • SCA LFL sales growth in the first 7 weeks of 10/11 circa 4% • SCA Gross Margins expected to sh