Shriro Holdings Ltd. · ASX:SHM
Shriro — Shareholder Meeting (October 2023)
19 slides from Shriro's shareholder meeting presentation, Oct 26, 2023
Slide 1: Shriro Holdings AGM Presentation 2023
For personal use only SHRIRO HOLDINGS (SHM) AGM PRESENTATION | 2023 Tim Hargreaves, Chief Executive Officer | 26th October 2023
Slide 2: SHM Board Members & CFO
SHM Board Members & CFO For personal use only Abigail Cheadle Tim Hargreaves John Murphy Brian Bunker Shane Booth CHAIR CHIEF EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR DIRECTOR OFFICER AGM PRESENTATION 2023 2
Slide 3: Agenda
Agenda For personal use only Chair’s Address CEO’s Address Business of the AGM Questions Voting Closes Final Votes Close of Meeting AGM PRESENTATION 2023 3
Slide 4: Chair's Address
CHAIR’S For personal use only ADDRESS Abigail Cheadle
Slide 5: Chair's address: achievements since listing and prospects
Good afternoon, everyone, As Chair of Shriro Holdings Limited (ASX: SHM) (Shriro) I’d like to recount our achievements since listing and consider our prospects. Shriro raised $6.2m upon listing. In the nine years since listing, Shriro has repaid debt and accumulated cash totalling $70.1m plus paid f
Slide 6: CEO's Address
CEO’S For personal use only ADDRESS Tim Hargreaves
Slide 7: Executive Summary
Executive Summary For personal use only • Despite challenging economic conditions and the exit of the Australian Appliances business – EBITDA achieved was $17.6M. • Revenue of $152.4M, down 20.5% pcp. Predominately as a result of the exit of the Australian Appliances business. • Prudent cash managem
Slide 8: Historical Financial Results
Historical Financial Results Returns Since IPO (Fully franked) FY23 Reported FY22* Reported FY21** Reported FY Dividends EPS For personal use only $M $M $M FY16 9.0 cps 17.2 cps Revenue 152.4 191.8 207.0 FY17 11.0 cps 14.1 cps Gross Margin 41.8% 40.3% 40.6% FY18 11.0 cps 15.4 cps Operating Expenses
Slide 9: Annual return since IPO
Annual return since IPO For personal use only EPS since IPO: $1.068 Franking credits: $0.317 Total Return: $1.385 IPO share price: $1.000 Annual Return over 8 years* 17.3% Return p.a. since IPO * FY16 – FY23 AGM PRESENTATION 2023 9
Slide 10: Cash Generation
Cash Generation Net Cash/(Net Debt) $Ms For personal use only 40 Net Cash $32.8M 30 Cash Generation 1 July 2014 to 30 June 2023 20 Cash Accumulation/(Debt Reduction)* $70.1M 10 Fully Franked Dividends Paid $65.2M Total Cash Generation $135.3M 0 Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun *$6.2M of new m
Slide 11: Cash payments post 1st July 2023
Cash payments post 1st July 2023 For personal use only Future Cash Payments Announced Post 1 July 2023 Fully Franked Dividend Paid 28 $6.3M September 2023 Subject to ATO ruling and Capital Return* $17.8M shareholder approval Total Payments Announced FY24 $24.1M AGM PRESENTATION 2023 11
Slide 12: Australasian Market
Australasian Market • G-SHOCK watch revenue increased with new Shop-in-Shop store displays and roll out of new product releases for the 40th Anniversary. For personal use only • B2C revenue continued to grow with a select product range of watches and BBQs, as a result of the prior investment in upgr
Slide 13: International Market
International Market • Uncertain macroeconomic conditions / subdued consumer demand resulted in distribution channels holding excess stock of BBQ’s from the prior season. For personal use only Despite this, Shriro’s international revenues continued to grow. Some excess stock remains with retailers w
Slide 14: New Product Developments
New Product Developments • 40th Anniversary – G SHOCK. For personal use only • Scientific calculator with features aligned with the Australian and New Zealand curriculum. • Everdure by Heston Gas Cube BBQ. • Pizza oven & accessories. Pizza Oven • Grohe and American Standard new ranges. Cube Gas BBQ
Slide 15: Key Features of Shriro Business Model
Key Features of Shriro Business Model New product ideas Well established Customised sales and Long standing For personal use only generated from customer relationships with marketing plans by relationships feedback and identified major Retailers product categories with suppliers gaps in product port
Slide 16: Growth Strategies
Growth Strategies ORGANIC IN-ORGANIC CORE FOUNDATIONS For personal use only • Long term approach to manage growth. • Strong balance sheet. • New product innovation – Company • Dedicated executive on owned & distribution brands. management team tasked with finding acquisition opportunities. • Investm
Slide 17: FY24 Outlook
FY24 Outlook • Previously reported guidance FY24 remains unchanged at $15-$17M EBITDA For personal use only range. • Uncertainty related to consumer spending and the broader macro economic conditions remains. Shriro – well placed with world class brands and market leadership in key categories such a
Slide 18: Thanks to board and staff
For personal use only I would like to thank the board for their counsel and continued support. I would also like to acknowledge & thank our staff for their continued resilience, hard work and dedication, particularly during these challenging times.
Slide 19: Disclaimer
Disclaimer For personal use only This presentation (Document) has been prepared by Shriro Holdings Limited ABN 29605279329 (Shriro Holdings Limited the Company). This document is a presentation to provide background information on the Company and its subsidiaries and is not an offer or invitation or