Fj Benjamin Holdings Ltd. · SGX:F10
Fj Benjamin — FY2022 Earnings Presentation
12 slides from Fj Benjamin's earnings presentation, Aug 25, 2022
Slide 1: Enlarged retail footprint fuels 32% growth in turnover
Enlarged retail footprint fuels 32% growth in turnover NASH BENJAMIN Group Chief Executive Officer F J Benjamin Holdings Ltd FY 2022 FINANCIAL RESULTS 25 August 2022
Slide 2: FY2022 Highlights
FY2022 Highlights 1. Group revenue up 21% to $80.9 million 2. Net attributable profit at $3.0 million from net attributable loss of $10.9 million 3. Sales in Singapore (excluding exports to Indonesia) and Malaysia up 6% and 28% respectively. Sales at Group’s Indonesia associate 16% higher 4. Gross p
Slide 3: Financial Highlights FY2022
Financial Highlights FY2022 S$'000 FY2022 FY2021 % Turnover 80,903 66,839 21.0 Gross profit margin 49.4% 50.5% Operating expenses 39,096 40,072 (2.4) Operating profit/ (loss) before reversal or allowances for expected credit losses 1,587 (4,033) nm allowance and impairment Exceptional items 1,464 (3
Slide 4: Financial Highlights 2H2022
Financial Highlights 2H2022 S$'000 2H2022 2H2021 % Turnover 44,739 28,884 54.9 Gross profit margin 51.5% 52.1% Operating expenses 20,644 18,465 11.8 Operating profit/ (loss) before reversal or allowances for expected credit losses 2,576 (2,618) nm allowance and impairment Exceptional items 1,464 (2,
Slide 5: Turnover & Gross Profit Margins
Turnover & Gross Profit Margins Gross Profit Margins 50.5% 50.1% 49.2% 49.4% 46.0% Turnover 165,981 S$ ‘000 131,509 92,915 80,903 66,839 FY2018 FY2019 FY2020 FY2021 FY2022 5
Slide 6: FY2022 Expenses
FY2022 Expenses • Group operating expenses down 2% to $39.1 million due to lower depreciation charge of furniture, fixtures and equipment and lower depreciation of right- of-use assets from expired leases • Decrease partially offset by higher staff cost which went up by $0.758 million as staff commi
Slide 7: Retail Footprint
Retail Footprint TOTAL SQUARE FOOTAGE NUMBER OF STORES • Sq Ft '000 180 160 232,723 140 120 100 80 214,396 60 40 20 199,067 0 FY2020 FY2021 FY2022 Singapore Malaysia Indonesia FY2020 FY2021 FY2022 • Singapore 14 15 13 • Malaysia 53 53 45 • Indonesia 102 90 86 FY2020 FY2021 FY2022 Total 169 158 144 7
Slide 8: FY2022 Net Attributable Profit
FY2022 Net Attributable Profit S$ ‘000,000 3.0 • Net profit after tax at $3.0 million, a significant reversal from net loss after tax of 0.2 $10.9 million in FY21 FY2018 FY2019 FY2020 FY2021 FY2022 • Net profit boosted by one-off items totalling (1.2) $1.5 million • Reversal of expected credit loss
Slide 9: Balance Sheet
Balance Sheet NTA Per Share (Cents) Basic Earnings/ (Loss) Per Share (Cents) FY2018 5.81 FY2018 (0.18) FY2019 5.80 FY2019 0.02 FY2020 4.16 FY2020 (1.64) FY2021 (1.14) FY2021 3.12 FY2022 0.27 FY2022 3.25 -2 -1 0 1 0 1 2 3 4 5 6 7 Shareholders' Equity ($'000) Net Debt ($'000) 60,000 14,000 52,867 52,7
Slide 10: New Brands
New Brands MZ Skin Secures distribution rights in end-May 2022 MZ Skin is known for high-performance, clinically-backed skincare products and devices. Cole Haan • FJB opens Cole Haan outlet store in Malaysia; launches e-commerce for the brand from mid-July 2022 • Cole Haan is an iconic American
Slide 11: Outlook
Outlook • As markets recover from COVID-19 and as tourists arrivals grow, sales in the region expected to continue to improve despite mounting geopolitical tensions and rising inflation • Management to continue optimising inventory and managing costs • New business models to be developed to diversif
Slide 12: Contact
Contact FJ Benjamin Holdings Ltd Catherine Ong Associates Tel: (65) 6737 0155 Tel: (65) 9697 0007 Email: info@fjbenjamin.com Email: cath@catherineong.com