Slide 1: FY2015 Results Presentation
For personal use only FY2015 Results Presentation BURSON FY2015 RESULTS PRESENTATION
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Burson Group Limited (“Burson”) ABN 80 153 199 912 and is general background information about Burson’s activities current at the date of this presentation. The information is given in summary form and does not p
Slide 3: Agenda
Agenda For personal use only 1 FY2015 Results Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix 3 BURSON FY2015 RESULTS PRESENTATION
Slide 4: FY2015 Result Highlights
For personal use only 1 FY2015 Result Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix BURSON FY2015 RESULTS PRESENTATION
Slide 5: FY2015 Result Highlights
FY2015 Result Highlights For personal use only FY2015 FY2015 IPO FY2015 FY2014 Proforma $ million Variance Prospectus Proforma Proforma Variance to Forecast Prospectus Revenue 375.3 341.6 9.9% 366.4 2.4% Gross Margin %(1) 43.7% 43.0% 0.7 43.5% 0.2 EBITDA 41.5 36.0 15.3% 39.6 4.8% NPAT 23.1 19.4 19.1
Slide 6: Proforma Financial Highlights in FY2015
Proforma Financial Highlights in FY2015 For personal use only Comparison to FY2014 Proforma Results • 130 stores – increase of 14 stores • Same store sales growth of 4.6% • Revenue $375 million – up 9.9% • Gross margin % 43.7% - up 0.7 • EBITDA margin 11.1% – up 0.6 • NPAT $23.1 million – up 1
Slide 7: Summary of Key Performance Indicators
Summary of Key Performance Indicators For personal use only Store Numbers Revenue and “Same Store” growth Store expansion continues – ahead of FY2015 prospectus forecast of 124 Store expansion together with strong like for like sales growth driving stores revenue growth 130 116 341.6 375.3 284.3 306
Slide 8: Operational & Strategic Highlights FY2015
Operational & Strategic Highlights FY2015 For personal use only Burson now operating in all states and territories in Australia with continued store expansion during FY2015 of 14 stores to 130. Current store total 133. 7 acquisitions QLD (4), NSW (2), SA (1) 7 Greenfields Qld (2), NSW (2), W
Slide 9: Aftermarket Network Australia (ANA)
Aftermarket Network Australia (ANA) For personal use only Burson completed a $283M acquisition of Metcash Automotive Holdings (MAH) on 31 July 2015. MAH has been renamed “Aftermarket Network Australia” or “ANA”. ANA is known for its marketing leading brands. ANA consists of two divisions (i) who
Slide 10: FY2015 Result Details
For personal use only 1 FY2015 Result Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix BURSON FY2015 RESULTS PRESENTATION
Slide 11: Summary Income Statement
Summary Income Statement For personal use only Revenue growth of 9.9% delivered by Proforma FY2014 2015 Like for like sales growth of 4.6% Pro forma, $ million Change FY2015 Proforma Statutory(2) Full year impact of FY2014 and FY2015 Revenue 375.3 341.6 9.9% 375.3 acquisitions 5.3% Gross Profi
Slide 12: NPAT Bridge
NPAT Bridge For personal use only FY2014 – FY2015 Pro Forma NPAT Bridge ($M) 0.8 (2.0) (1.0) 2.4 (0.8) 0.4 (1.4) 5.3 23.1 19.4 19.4 NPAT FY2014 Same store Gross Profit % Contribution CODB at Startup costs Depreciation Finance Costs Tax NPAT FY2015 growth growth in from new exisiting Bris. DC and exi
Slide 13: Summary Cash Flows
Summary Cash Flows For personal use only FY2015 Pro forma, $ million Actual Working capital Cash flows excluding ANA associated cash flows Working capital movement favourable despite EBITDA 41.5 increase in sales Change in working capital 2.9 Debtors collection strong Tax Paid (3.6) Increase
Slide 14: Summary Balance Sheet
Summary Balance Sheet For personal use only Cash Represents cash received from institutional Statutory Statutory Entitlement Offer net of debt repayment and $ million June 2015 June 2014 transaction costs Cash 107.9 10.9 Strong balance sheet with net debt leverage ratio Trade and Other Receiva
Slide 15: Strategy and Outlook
For personal use only 1 FY2015 Result Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix BURSON FY2015 RESULTS PRESENTATION
Slide 16: Burson Group Strategy
Burson Group Strategy For personal use only Australia’s leading provider of aftermarket parts, equipment, accessories and services. Continue to strengthen our Trade presence in a resilient market. National store network and customer service offering of extensive parts range and availability, del
Slide 17: Outlook
Outlook For personal use only Burson Auto (excluding ANA) Full year NPAT outlook for Burson excluding the ANA business is to grow NPAT by low double digit percentage Target approximately 140 stores by 30 June 2016 (currently at 133 stores) Expect same store sales growth of between 3% and 4% wi
Slide 18: Q&A
For personal use only 1 FY2015 Result Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix BURSON FY2015 RESULTS PRESENTATION
Slide 19: Questions?
For personal use only Questions? 19 BURSON FY2015 RESULTS PRESENTATION
Slide 20: Appendix
For personal use only 1 FY2015 Result Highlights 2 FY2015 Result Details 3 Strategy and Outlook 4 Q&A A Appendix BURSON FY2015 RESULTS PRESENTATION
Slide 21: Pro Forma – Statutory Profit and Loss Reconciliation
Pro Forma – Statutory Profit and Loss Reconciliation For personal use only Consolidated $M Note 2015 2014 Statutory Net Profit After Tax 19.5 1.2 Public Company Costs 1 (0.8) IPO Remuneration Adjustment 2 2.3 IPO and Other Transaction Costs 3 7.2 Net Interest Adjustment 4 16.5 Other Operating Adjust