Oliver's Real Food Ltd. · ASX:OLI
Oliver's Real Food — Shareholder Meeting (November 2017)
26 slides from Oliver's Real Food's shareholder meeting presentation, Nov 3, 2017
Slide 1: 2017 Annual General Meeting Presentation
Slide 2: Important notice and disclaimer
Important notice and disclaimer This investor presentation ("Presentation") has been prepared by Oliver's Real Food Limited ABN 33 166 495 442 ("OLI") Summary information: This Presentation contains summary information about OLI and its related bodies corporate and their activities, which is current
Slide 3: Oliver's Board of Directors
OLIVER'S BOARD OF DIRECTORS Oliver's Board and its advisors compose a depth and breadth of experience that will ensure good governance and astute business leadership across a broad spectrum of commercial, legal and accounting disciplines Mark Richardson Mark co-founded Wolseley Private Equity in 299
Slide 4: Oliver's Senior Management Team
OLIVER'S SENIOR MANAGEMENT TEAM Jason successfully anticipated the health food trend within the Fast food market and leads the organisation with his passion and commitment to healthy nutrient dense food and sustainable business practices. His passion has resulted in Oliver's status a the world's frs
Slide 5: Revenue
REVENUE TO $20.7M CHINDERAH NSW FERRY PARK NSW BALLARAT VIC ARATULA QLD HORSHAM VIC MARYBOROUGH QLD DRAGON \ Waren | | aa | . YW AHEAD OF FORECAST f ( Ht y ORE Me yp | RA TL } > qi} $15 MILLION ON IPO. BACK \ OF RED LEIGHT CHISED PROSPECTUS iy
Slide 6: Full year review
During the financial year, the Company > = Successfully raised $15m via an IPO in June 2017 Opened 3 new corporate stores - Chinderah, Ferry Park and Ballarat: Bought back 7 franchised stores Coffs Harbour, Eastlink Inbound, Hexham, Wyong Northbound, Goulburn, Wyong Southbound and Wallan Northbound;
Slide 7: Subsequent to the FY2017 reporting period
Subsequent to the FY2017 reporting period > On 7 July, the Company acquired the remaining 25% equity interest in Red Dragon Organics, of which the Company already held 75% equity interest; On 1 September 2017, the Company acquired the land and buildings as well as the business located at Maryborough
Slide 8: Franchise buybacks
By August 2017 the Company had purchased all of the 8 Franchised stores from franchisee's, making the entire network company owned. These included, +> Wyong Northbound NSW, + Wyong Southbound NSW, > Hexham NSW, > Coffs Harbour NSW, > Goulburn NSW, > Wallan Northbound VIC > East-link Inbound VIC, and
Slide 9: FY17 Financial Overview
FY17 Financial Overview Year ended Year ended Variance 3o-Jun-17 30-Jun-16 % $'000s Actual Actual Actual Revenue from ordinary activities 20,749 17,126 21.2% Gross Profit 13,944 10,494, 32.9% Gross Margin 67.2% 61.3% 5.9% Other income 398 277k (85.7%) Operating Expenses (16,625) (11,517) 4b.4% EBITD
Slide 10: FY17 Trading Performance
FY17 Trading Performance Group Sales Store Numbers $25.0 25 $20.7 $20.0 $73 $15.0 $'m $10.0 $5.0 $.0 FY2015 FY2016 FY2017 FY2015 FY2016 FY2017 + Group sales up by 21.2% in FY2017 > Group sales up by 63.5% from FY2015 to FY2017 while store numbers increased from 12 to 20 for the- same period + Compar
Slide 11: On Track to Achieve FY2018 Forecast
On Track to Achieve FY2018 Forecast + The Board confirms the FY2018 Forecast in the Prospectus > Sales: $41.9m + EBITDA: $4.8m = NPAT: $2.4m + Year-to-date performance (3 months to 30 September 2017) > Same stores’ sales growth: 6.3% (ahead of forecast) + Gross margin: 74.7% (ahead of forecast) + Ca
Slide 12: Current Store Network
Melbourne CURRENT STORE NETWORK 1. WYONG NTH - AUG 2005 2. WYONG STH - APR 2006 3. HEXHAM - APR 2009 4, OFFICER OUT - DEC 2013 5. OFFICER IN - JAN 2014 EASTLINK OUT - MAR 2014 7. GEELONG STH -JUN 2014 8. GEELONG NTH - JUL 2014 9. WALLAN NTH - DEC 2014 10. WALLAN STH - DEC 2014 11. EASTLINK IN - FEB
Slide 13: Chinderah NSW store
Slide 14: Ferry Park NSW | Opened May 2017
———— nel a — : et : ee —|| A Nia FERRY PARK NSW | OPENED 1 MAY 2017
Slide 15: Ballarat VIC store
Slide 16: Aratula QLD | Opened July 2017
ARATULA QLD | OPENED 13 JULY 2017
Slide 17: Horsham VIC | Opened 18 Aug 2017
— fin rer's REAL COFFEE * REAL — : Se. Ee a 1 4 a) TE a i he | | aS = heal be eee HORSHAM VIC | OPENED 18 AUG 2017
Slide 18: Maryborough QLD store
Slide 19: Euroa VIC | Opened Nov 2017
EUROA VIC | OPENED 2 NOV 2017 = : . eS |e) aes I | BK = = f
Slide 20: Oliver's Moveable Feast
Slide 21: Port Macquarie NSW | Under construction
Slide 22: Land Sale Contributions
Land Sale Contributions From time to time, the opportunity exists for us to purchase select properties, rebrand them and sell them with a lease in place to Oliver's at an annual rental that works for our business. This strategy has already proven to produce significant contributions in the past. For
Slide 23: Supply Chain Efficiencies
Supply Chain Efficiencies Oliver's expects continued economies of scale from the growth of the existing store network. These benefits include: > > Improved terms from suppliers Ability to amortise overheads over a large number of stores ae sgn gs : Greater utilisation of distribution centres, ¢ Ves
Slide 24: Impact of Partnership
Impact of Partnership Forge a strong relationship between the Australian cycling community and the Oliver's brand Cycling is one of Australia’s key growth sports, with the latest findings showing that 19% (or 3.7 million people) of the population cycle regularly. ! Promotion of cycling as a key part
Slide 25: Oliver's Real Food and Oxfam partnership
Oliver's Real Food and Oxfam have joined forces to share our love of nutritious, real food - both in Australia and around the world. We believe no-one should live in poverty and everyone deserves nutritious, real food. That's why we've teamed up to tackle the global threat of hunger and malnutrition
Slide 26: Thank you. Questions?
©) THANK YOU. Questions?
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