Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — Shareholder Meeting (October 2018)
16 slides from Fj Benjamin's shareholder meeting presentation, Oct 26, 2018
Slide 1: FY2018 AGM Presentation
A leader in brand building and management in Southeast Asia FY2018 AGM 26 OCTOBER 2018 PRESENTATION
Slide 2: Agenda
Agenda FY2018 SNAPSHOT FINANCIAL HIGHLIGHTS RETAIL FOOTPRINT RIGHTS CUM WARRANTS EXERCISE GROWTH STRATEGY OUTLOOK GROUP BRANDS 2
Slide 3: FY2018 Snapshot
FY2018 Snapshot Return to profitability after four years • Pre-tax profit of $939,000 compared to net loss of $16.5 million in FY2017 • Group revenue down 20% to $166.0 million due to termination of underperforming brands and closure of non-profitable stores • Sales in Singapore and Malaysia grew by
Slide 4: FY2018 Snapshot
FY2018 Snapshot Return to profitability after four years • Gross margins at 46%, up from 42% • Positive cash flow of $7.6 million • Inventory decreased 22% to $31.6 million • Net borrowings down to $12.8 million from $22.7 million last year. 4
Slide 5: FY2018 Snapshot: Indonesia Operations
FY2018 Snapshot Indonesia Operations • Revenue of group’s associated company of $121 million; grew eight per cent • $3.0 million loss from share of results of Indonesian associate due to: • Translation loss of $603,000 • Losses from discontinued business of $923,000 • Clearance of aged stock. 5
Slide 6: FY2018 Snapshot: Brand contributions
FY2018 Snapshot Brand contributions • New brands Marc Jacobs and Rebecca Minkoff made maiden full-year contributions • Launched Casio distribution in Indonesia • Established flagship Superdry store at Vivo City featuring dedicated Superdry Sport area. 6
Slide 7: Financial Highlights: Revenue & Gross Margin
Financial Highlights: Revenue & Gross Margin Gross Margin 46% 42% • Turnover reduced 20% in FY2018 42% 39% mainly due to discontinued brands 39% 368.2 Turnover • Revenue from fashion business in S$ mil 293.4 grew 16% while revenue from 253.6 timepiece business fell two per cent 207.5 166.0 • Gross m
Slide 8: Financial Highlights: Profit/Loss Before Tax
Financial Highlights: Profit/Loss Before Tax In S$ mil 0.9 -15.0 -16.5 -19.2 -22.4 FY14 FY15 FY16 FY17 FY18 8
Slide 9: Financial Highlights: Net Profit/Loss After Tax
Financial Highlights: Net Profit/Loss After Tax In S$ mil -1.2 -15.6 -17.4 -22.1 -23.0 FY14 FY15 FY16 FY17 FY18 9
Slide 10: Retail Footprint
Retail Footprint Number of stores Total Square Feet in '000 250 226 220 416 406 300 FY16 FY17 FY18 FY16 FY17 FY18 Singapore 32 30 16 Malaysia 69 76 65 Indonesia 125 144 139 Total 226 250 220 FY16 FY17 FY18 10
Slide 11: Rights cum Warrants Exercise
Rights cum Warrants Exercise • Rights exercise oversubscribed by 48.6% • Raised net proceeds of $8.1 million • Will raise an additional $27 million if all warrants are exercised by April 2021. 11
Slide 12: Growth Strategy
Growth Strategy • Organic expansion in the region for popular brands like Superdry, Guess, La Senza and Marc Jacobs • Optimising retail network in Malaysia to tap emerging demand outside Klang Valley, including Ipoh, Penang, Kota Bharu, Johor, and East Malaysia • Expand Casio distribution points-of-
Slide 13: Outlook
Outlook • Economic growth in SE Asia continues to support consumer spending • Better integration of brick-and-mortar network and online channels together with digital marketing to improve sales • Ongoing discussions with international investors to enhance shareholders’ value • Escalating US-China tr
Slide 14: Group Luxury Brands
Group Luxury Brands CELINE GIVENCHY LOEWE TOM FORD MARC JACOBS ) PrettylSallerinas @ ©) BENJAMIN
Slide 15: Group Lifestyle Brands
Group Lifestyle Brands SENZA = SUperdry. REBECCAMINKOFF — usesisssss SHERIDAN WVINCCI EST.1967 Pen Bi Alpinad. Bell(&) Ross CASIO. 7 ail FREDERIQUE CONSTANT MER (LS) W GUESS WAT( Gc NAUTICA Superdry. - gus woe ps RADO VICTORINOX WATCH engine WATCH @ © BENJAMIN 15
Slide 16: Thank You
aA BENJAMIN Thank You
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