Kmd Brands Limited · NZX:KMD
Kmd Brands — Kathmandu Holdings — Shareholder Meeting (November 2017)
20 slides from Kmd Brands's shareholder meeting presentation, Nov 24, 2017
Slide 1: Annual General Meeting November 2017
Annual General For personal use only Meeting November 2017
Slide 2: Agenda: 2017 Annual General Meeting
Agenda: 2017 Annual General Meeting For personal use only » Chairman’s address » Chief Executive Officer’s address » Ordinary business » Item 1: Financial Statements » Item 2: Election of Directors » Item 3: Auditors’ Remuneration » Item 4: Grant of performance rights to Xavier Simonet » Item 5: Gen
Slide 3: Chairman’s address
For personal use only Chairman’s address 3
Slide 4: CEO’s address
For personal use only CEO’s address
Slide 5: CEO’s address
CEO’s address For personal use only » FY17 result summary » Strategy update » Trading update and outlook 5
Slide 6: FY17 result summary
CEO’s address: FY17 result summary For personal use only Sales Same Store Sales AU 6.9% $445.3m 4.6% +5.5% NZ 3.6% EBIT Net Profit After Tax $57.0m 12.0% $38.0m 13.5% Dividend Net Debt 13cps 18.2% $6.9m $29.9m 6
Slide 7: Strategy update
CEO’s address: Strategy update For personal use only “Design great, innovative, distinctive and sustainable quality products” “Be customer-centric in everything we do” GROWTH STRATEGIES Continuous improvement Growth initiatives » Brand and customer » International » Store optimisation » Marketplaces
Slide 8: Brand and customer
CEO’s address: Brand and customer Brand elevation For personal use only » Brand distinctiveness through product design and innovation » Focus on our expertise in adventure travel Customer centricity » Enhance the customer service experience and staff product knowledge » Inspire our customers and eng
Slide 9: Store optimisation
CEO’s address: Store optimisation For personal use only Key FY18 activity: » FY18: c.15 refurbishments and 5 relocations scheduled » Visual merchandising and space allocation refinement » Lighting upgrades continue throughout the store network Store upgrades completed Q1: » Chadstone (Melbourne) Sto
Slide 10: Omni channel
CEO’s address: Omni channel Offer a customer journey which is channel and device agnostic – customers choose how to transact For personal use only » FY17 key achievements: » AU/NZ responsive website launched, integrating content and commerce, and boosting mobile conversion » International direct to
Slide 11: International update
CEO’s address: International update International Wholesale For personal use only » GO Outdoors (UK) expanding product range and store distribution for European summer following positive sell through to date » Sportscheck and Otto (Germany) wholesale trials underway with expanded distribution in Spo
Slide 12: Sustainability
CEO’s address: Sustainability For personal use only Our goal: Australasian industry leadership in sustainability Increasingly important in customer purchase decisions For more information: Kathmandu’s 2017 Sustainability Report 12
Slide 13: Trading pattern
CEO’s address: Trading pattern For personal use only Last Year Sales mix across the year Q1 – no major Q2 - includes Christmas Sale and Includes Autumn and Winter Sales promotions January Clearance 17% 28% 55% FIRST HALF-YEAR SECOND HALF-YEAR » Three major promotions a large portion of our annual tr
Slide 14: Trading update and outlook
CEO’s address: Trading update and outlook FIRST QUARTER FINANCIAL RESULTS For personal use only A reset of clearance inventory c. 40% lower at end of FY17 resulting in: » Gross margin 240 bps (2.4%) higher YOY » Lower inventory handling costs » Strong working capital position » Improved first quarte
Slide 15: Resolutions: Items to be considered
Resolutions: Items 1 to 5 For personal use only
Slide 16: Item 1: Financial Statements
Item 1: Financial Statements For personal use only To receive and consider the Financial Report of the Company for the year ended 31 July 2017 together with the Directors’ and Auditor’s reports 16
Slide 17: Item 2: Election of Directors
Item 2: Election of Directors To elect Directors of the Company, each election to be voted on separately: For personal use only a) “That Mr. John Harvey who retires by rotation in accordance with Article 4.4 of the Company’s Constitution and NZX Main Board Listing Rule 3.3.11 and, being eligible, of
Slide 18: Item 3: Auditors’ Remuneration
Item 3: Auditors’ Remuneration For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To record that PricewaterhouseCoopers continue in office as the Company’s auditors and to authorise the Directors to fix the remuneration of Pricewaterho
Slide 19: Item 4: Grant of performance rights to Xavier Simonet
Item 4: Grant of performance rights to Xavier Simonet To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: For personal use only “That, for the purposes of ASX Listing Rule 10.14, and for all other purposes, approval is hereby given for the grant t
Slide 20: Other business
For personal use only Other business
Kathmandu Holdings — Shareholder Meeting (November 2017) on 6ix