Shriro Holdings Ltd. · ASX:SHM
Shriro — FY2023 Earnings Presentation
9 slides from Shriro's earnings presentation, Aug 24, 2023
Slide 1: Full Year Results Presentation
SHRIRO HOLDINGS (SHM) 12 MONTHS TO 30 JUNE 2023 For personal use only Full Year Results Presentation Tim Hargreaves, Chief Executive Officer | 24 August 2023
Slide 2: Executive Summary
12 months to 30 June 2023 Executive Summary • EBITDA was $17.6M with EBITDA margins at 11.5% (FY22 12.8%). For personal use only • Revenue was $152.4M, down 20.5%, predominantly as a result of the exit of the Australian Appliances division. • Prudent cash management and a successful exit of Australi
Slide 3: Results
12 months to 30 June 2023 Results For personal use only 30 June 2023 Change 30 June 2022 Revenue $152.4M (20.5%) $191.8M Gross Margin 41.8% +3.7% 40.3% EBITDA $17.6M (28.4%) $24.6M EBITDA Margin 11.5% (10.2%) 12.8% NPAT $8.0M (40.7%) $13.5M Cash Position $32.8M 154.3% $12.9M Dividend Declared August
Slide 4: Australasian Market
12 months to 30 June 2023 Australasian Market For personal use only • G-Shock watches sales increased in Australia and New Zealand, with the improved foot traffic in the Auckland, Melbourne and Perth Airport stores and roll-out of new product releases for the 40th Anniversary. • Investment in upgrad
Slide 5: International Market
12 months to 30 June 2023 International Market For personal use only • Uncertain macroeconomic conditions and subdued consumer demand for outdoor related goods post COVID resulted in distribution channels holding excess stock of BBQ’s from the prior season. Despite this, Shriro’s international reven
Slide 6: Growth Strategies
Growth Strategies For personal use only ORGANIC • New product releases • New distribution brand opportunities with dedicated executive tasked with bringing new distribution brands. IN-ORGANIC • Strong balance sheet to leverage • Dedicated executive tasked with finding acquisition opportunities, with
Slide 7: FY24 Outlook
FY24 Outlook • Following the restructuring and capital return, Shriro has no debt and anticipates its FY24 EBITDA to be in For personal use only the range of $15M to $17M. • Core distribution brands / product categories such as Casio calculators and G-Shock watches are expected to continue to perfor
Slide 8: End
End For personal use only This announcement was authorised for release by the Board of Directors of Shriro Holdings Ltd. FULL YEAR RESULTS PRESENTATION 8
Slide 9: Disclaimer
Disclaimer For personal use only This presentation (Document) has been prepared by Shriro Holdings Limited ABN 29605279329 (Shriro Holdings Limited the Company). This document is a presentation to provide background information on the Company and its subsidiaries and is not an offer or invitation or