Breville Group Limited · ASX:BRG
Breville — H1 FY2009 Earnings Presentation
10 slides from Breville's earnings presentation, Feb 25, 2009
Slide 1: ASX cover letter: Half Year Ended 31 December 2008 Investor Presentation
For personal use only 25 February 2009 Manager, Company Announcements, Australian Stock Exchange Limited, Level 4, 20 Bridge Street, Sydney NSW 2000 Half Year Ended 31 December 2008 Investor Presentation Attached is a copy of the Breville Group Limited Investor Presentation for the Half Year Ended 3
Slide 2: Breville Group Limited Half Year Results FY09 Investor Presentation
For personal use only Breville Group Limited HALF YEAR RESULTS FY09 INVESTOR PRESENTATION Stephen Audsley – Chief Executive Officer Mervyn Cohen – Chief Financial Officer February 2009
Slide 3: Results Summary
Results Summary For personal use only Group sales $255.8m +3.2% Group Underlying* EBITDA $24.7m -5.0% Group Underlying* PAT $13.7m -7.9% ROE: 12.5% (1H FY08: 12.5%) Underlying* EPS 10.6 cents -10.8% DPS: 4.0 cents Conservative financing: Gearing: 34.3% (1H FY08: 35.1%) Interest cov
Slide 4: Financial Results Summary
Financial Results Summary For personal use only REPORTED UNDERLYING* A$ Million 1H FY09 1H FY08 % Chng 1H FY09 1H FY08 % Chng Group Sales Revenue 255.8 248.0 3.2 255.8 248.0 3.2 EBITDA 23.1 27.4 (15.5) 24.7 26.0 (5.0) EBIT 20.0 24.8 (19.4) 21.6 23.4 (7.9) PAT 10.8 16.2 (33.7) 13.7 14.9 (7.9) Basic E
Slide 5: Geographic Diversity
Geographic Diversity For personal use only Australia: Strength of brands and market position reinforced Strong performance in a generally slowing economy Australian $ exchange rate benefit in earlier part of the half offset by product cost increases Earnings improvement underpinned by strong
Slide 6: Australia
Australia For personal use only REPORTED UNDERLYING* A$ Million 1H FY09 1H FY08 % Chng 1H FY09 1H FY08 % Chng Sales 118.0 113.7 3.7 118.0 113.7 3.7 EBITDA 14.9 12.3 20.7 16.1 11.3 42.3 EBITDA % 12.6% 10.8% 13.6% 9.9% • Strong growth in Sales and EBITDA • Growth driven primarily by the launch and suc
Slide 7: International
International For personal use only REPORTED UNDERLYING* A$ Million 1H FY09 1H FY08 % Chng 1H FY09 1H FY08 % Chng Sales 137.8 134.3 2.7 137.8 134.3 2.7 EBITDA 9.2 14.9 (38.0) 9.6 14.5 (34.1) EBITDA % 6.7% 11.1% 7.0% 10.8% • In foreign currencies, international sales decreased by 3% in North America
Slide 8: Balance Sheet at December
Balance Sheet at 31 December For personal use only A$ Million 1H FY09 1H FY08 Fixed assets 9.2 9.7 Intangibles 66.7 64.5 Other (liabilities)/assets (net) (0.7) 9.7 Working Capital 144.3 124.1 Inventory 103.0 71.6 Receivables 103.1 114.9 Trade and other payables (61.8) (62.4) NET ASSETS EMPLOYE
Slide 9: Strategy
Strategy For personal use only Continued strategic focus and investment in Australia: • steady growth, good pipeline of new product launches, reinforced brand strength and market position International: • continued enhancement of Breville brand, particularly in North America Product and cons
Slide 10: Outlook
Outlook For personal use only Uncertain retail environment and exchange rate impact Various initiatives implemented: Contingency plans Cost reductions Inventory reduction Price increases Not appropriate to provide earnings’ guidance for the full year in the current environment 9