Slide 1: DDR Investor Presentation
DDR Investor Presentation 24 April 2012 David Dicker – Chairman & CEO Mary Stojcevski – CFO 1
Slide 2: The DDR Story
The DDR Story First Voted No. 1 distributor of small Annual Toshiba Toshiba distributor by turnover Market laptops in distributor of 13,000 more than Initial Public capitalisation Inception Australia the year resellers $200m Offering of $50m + 1978 1985 1987 1993 1996 2001 2002 2007 2008 2010 2011 2
Slide 3: Fact Sheet
Fact Sheet 1,000 sqm of office space and 4,000 sqm of warehouse Premises space on a 2.6 hectare site in Kurnell 85 FTEs Employees 2,600 VARs across Australia; 3,700 active reseller Value Added Resellers accounts Consistent profitability at over 6.5% gross margin, Financial performance above 3.0% EBI
Slide 4: Financial Track Record
Financial Track Record SALES REVENUE FY2006-FY2011 NPAT FY2006-FY2011 $385.2m $6.1m $284.8m $266.9m $4.5m $212.7m $3.8m $3.8m $176.2m $125.6m $2.6m $2.2m FY06 FY07 FY08 FY09 FY10 FY11 FY06 FY07 FY08 FY09 FY10 FY11 Continuous sales and profit growth since FY2006 4
Slide 5: 3rd Quarter Financials
3rd Quarter Financials $ million Q1-Q3 Q1-Q3 Change FY2012 FY2011 Revenue 337.1 264.7 27% Gross profit 23.1 16.6 39% EBITDA 10.6 7.4 43% EBIT 10.1 6.9 46% Net profit after tax 5.4 3.7 46% Earnings per share 4.3c 2.9c 48% Notes: Unaudited numbers Results may be subject to extraordinary items and
Slide 6: 3rd Quarter Balance Sheet
3rd Quarter Balance Sheet $ million 31 March 2012 30 June 2011 Cash 1.5 0.0 Receivables 56.8 63.5 Inventory 45.7 40.1 PP&E 16.4 16.6 Other non-current assets 0.8 0.8 Total Assets 121.2 121.0 Trade Creditors 55.3 72.8 Short-term borrowings 43.2 27.6 Other short-term liabilities 3.5 1.6 Long-term Borr
Slide 7: Outlook
Outlook DDR is on track to post its 6th consecutive year of sales and profit growth Maintaining consistent NPAT margin in line with previous years A number of initiatives in the pipeline – including signing up new vendors – to maintain growth Warehouse is to be expanded to position company f
Slide 8: Investors' Return
Investors’ Return HISTORICAL RETURNS DDR SHARE PRICE SINCE IPO Since IPO Annualised Share price $0.50 110.0% 88.8% appreciation $0.40 Dividend 24.3% 19.6% $0.30 yield $0.20 Total return 134.3% 108.4% $0.10 $0.00 As at 20/04/2012 1/24/2011 DDR S&P/ASX200 4/20/2012 Share price 42c Shares on issue 126.
Slide 9: Dividend Policy
Dividend Policy Quarterly dividend payments up to 100% of underlying after tax profits Final amount of dividend is determined based on capital needs of the company DIVIDEND PAYMENTS SINCE IPO Payment Date Dividend/Share Amount Type Amount Franked 13 May 11 1c $1.25 m Interim 100% 28 Sep 11 2c $2
Slide 10: Growth Opportunities
Growth Opportunities Sign up new vendors Increase reseller base Australia-wide Gain access to new products of existing vendors Scale-up warehouse capacity to achieve greater economies of scale Enter English speaking overseas markets (NZ, the UK, etc.) 10
Slide 11: The Australian IT distribution market
The Australian IT distribution market Australian IT hardware market was estimated at approximately $9.2 Billion in 2011. Brand owners are vertically integrating and recapturing the distribution function. Wholesalers have encountered competitive pressures on pricing, and decisions by certain ve
Slide 12: Share Register
Share Register TOP 5 SHAREHOLDERS SHAREHOLDER STRUCTURE 5.1% Shareholder Shares Holding David Dicker 63.75m 50.40% David D Fiona Brown 56.25m 44.47% Fiona B 50.4% 44.5% Free float Dippie Family 0.93m 0.73% Bluedale Pty Ltd 0.60m 0.48% Mr Can Elturan 0.34m 0.21% Total 121.87m 96.28% As at 23th April
Slide 13: Summary
Summary High dividend yield and high growth stock One of the largest IT products distributors in Australia Long track record of revenue and profit growth Stable industry with positive outlook Contact Mary Stojcevski – CFO Phone: 02 9589 8415 Email: mary.stojcevski@dickerdata.com.au 13
Slide 14: THANK YOU
dickerdata THANK YOU