Vita Life Sciences Limited · ASX:VLS
Vita Life Sciences — Shareholder Meeting (March 2016)
23 slides from Vita Life Sciences's shareholder meeting presentation, Mar 31, 2016
Slide 1: Welcome to the 2012 Vita Life Sciences Limited Annual General Meeting
Welcome to the 2012 Vita Life Sciences Limited Annual General Meeting 16 May 2012 ASX Code: VSC
Slide 2: Chairman's Welcome Address
Chairman’s Welcome Address
Slide 3: Chairman's Welcome Address
1 Chairman 1. Chairman’s s Welcome Address 2. Managing Director’s Review 3. Ordinary & Special Resolutions 4. Question & Answer Time
Slide 4: Managing Directors Review
Managing Directors Review
Slide 5: MLM Company awarded
MLM Company awarded: “The 7th Asia “Th A i PPacific ifi SSuper E Excellence ll B Brand d 2011 for Leadership Excellence in Brand Development and Management Organization ” awarded: “The The 2011 Asia Pacific BrandLaureate for Best Brands in Wellness – Supplements”
Slide 6: Solid sales growth of 15.6%
Solid sales growth of 15.6% Record PBT of $1.40 million Strong balance sheet and no debt – Shareholders’ funds of $8.96 million Maintained dividend trend of 0.5 cents per share The Th Group’s G ’ brands b d continue ti to t build b ild th their i presence in 8 countries
Slide 7: Australia, Malaysia, Singapore
Australia 14.1% sales growth y-o-y basis Herbs of Gold Products sold in more than 750 health foods stores Vita Science sold into around 150 pharmacies, with sales growth of 46.9% over 2010 Malaysia 20.4% sales growth yy-o-y o y basis in established business local currency Selling to more t
Slide 8: Sales growth
2010 2011 Singapore Singapore 16% 19% Australia Australia 45% 45% Others Others 2% 2% Malaysia M l i Malaysia 37% 34% Sales S l growth h on y-o-y basis b ffor Australia, l Malaysia l and d Singapore were 14.1%, 20.4% and 3.0% respectively (in local currencies) Australia remains largest contribut
Slide 9: Thailand, MLM Malaysia, China, Vietnam and Indonesia
Thailand 58.5% sales growth and profitable Products P d t reach h in i more than th 2,000 2 000 pharmaceutical h ti l outlets Multi-Level Multi Level Marketing in Malaysia Contributed 9.2% of Group sales with sales growth of 66.8% Lower loss in 2011 China Sales grew by 215% and made a smal
Slide 10: 2011 Sales grew by 15.6%
Revenue ‐ $'m 24 30 24.30 2011 Sales ggrew by y 15.6% despite the stronger A$ 21.00 17.70 New Business units sales are small but gaining traction, contributed 11.0% in 2011 (2010: 7.2%, 2009:2.4%) MLM business unit now contributes 9.2% 9 2% (6.7% (6 7% in 2010) 2009 2010 2011
Slide 11: Products sold in 8 major countries
Present: Products sold in 8 major countries Total population of 8 countries:1,812 million World’s World s population (April 2012) : 6,974 million Coverage : 26% In 2005: Products sold in 3 major countries Coverage (at current population): 0.8%
Slide 12: GDP per capita (US$)
World Economic Outlook, April 2012 Country/ Population 2010 2011 2012 2013 2014 2015 2016 2017 (million) GDP pper 8 418 8,418 9 700 9,700 10 467 10,467 11 099 11,099 11 803 11,803 12 551 12,551 13 347 13,347 14 194 14,194 Malaysia capital (US$) (28.8) Inflation (%) 1.7 3.2 2.7 2.5 2.5 2.5 2.5 2.5 GD
Slide 13: Year ended 31 December
Year ended 31 December 2010 2011 A$'million $ A$'million $ Revenue 20.99 24.27 Profit Before Tax 4.92 1.57 Profit After Tax 4.46 1.21 Shareholders' Funds 8.13 8.96 Cash 0.46 3.63 Borrowings (1.81) -
Slide 14: Income Statement ($ million)
Income Statement ($ million) 2010 2011 % Change EBIT 4.90 1.57 <100% (Less)/Add: Extraordinary items Net External PAN (income)/costs (4.10) - 100% Underlying EBIT 0 80 0.80 1 57 1.57 95% Interest expense (0.29) (0.16) -43% Underlying y g net p profit bef tax 0.51 1.40 174% Income tax expense (0.17)
Slide 15: Strong balance sheet with no debt
Balance Sheet ($ m) 2010 2011 Current assets 12.23 10.93 Strong balance sheet with Non-current assets 2.29 2.42 no debt Total assets 14.51 13.35 Net assets increased to Current liabilities (6.38) (4.37) $8.9m, tripled since 2007 Non-current liabilities (0.01) (0.03) 40% of Net Assets made up T
Slide 16: Established Business Units to perform consistently
Established Business Units to perform consistently with stable growth New Business units expected to continue extending Group’s expansion strategy gy in China,, Malaysia y and Thailand Continued focus on sales, market share, profitability and expenditure control Management reports indicate s
Slide 17: Unaudited management reports showed record first quarter sales
Unaudited management reports showed record first quarter sales Exceeded the expected 15% sales growth as forecast in the 2011 Financial Statements Expect this trend to continue throughout the year Sales to June 2012 forecast to exceed the corresponding period in 2011 by between 20% and 25% (
Slide 18: Dividend Payout Ratio
Dividend Payout Ratio Dividends of 0.5 cents per share 24% paid for financial year 2011 and 2010 Dividend payout ratio of 24% PAT with 76% reinvested in the operations Strength of earnings and positive 6% operational cash may allow interim and annual dividend for 2012 0% 2009 2010 2011
Slide 19: Chairman's Address
1. Chairman Chairman’s s Address 2. Managing Director’s Review 3. Ordinary & Special Resolutions 4 Question 4. Q ti & Answer A Ti Time
Slide 20: Remuneration Report
1. Remuneration Report 2. Election of Director – John Sharman 3. Election of Director – Henry Townsing 4. Share buy-back 5 Long 5. L Term T Incentive I ti Plan Pl – Grant G t off a limited recourse loan to Managing Director
Slide 21: Resolutions voting results
PROXY’S RESOLUTIONS IN FAVOUR AGAINST ABSTAIN TOTALS DISCRETION 1) Adoption of the Remuneration 37,082,696 33,442 2,410,095 5,021 39,531,254 Report 2) Election of Director (Mr J 39,243.038 - 283,195 5,021 39,531,254 Sharman) 3) Election of Director (Mr H 39 056 025 39,056,025 - 470 208 470,208 5 021
Slide 22: Chairman's Address
1. Chairman Chairman’s s Address 2. Managing Director’s Review 3. Ordinary & Special Resolutions 4 Question 4. Q ti & Answer A Ti Time
Slide 23: Thank You
Th k You Thank Y 16 May 2012
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