Breville Group Limited · ASX:BRG
Breville — Shareholder Meeting (November 2021)
27 slides from Breville's shareholder meeting presentation, Nov 11, 2021
Slide 1: Breville Group Limited 2021 Annual General Meeting Presentation
11 November 2021 For personal use only Manager, Company Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Breville Group Limited – 2021 Annual General Meeting Presentation Please find attached the Chairman’s Address to Shareholders and the CEO’s Review of Operations to be
Slide 2: Chairman's Address at 2021 AGM
11 November 2021 Chairman’s Address at 2021 AGM Slide 3 For personal use only As I try and assess the Financial Year 2021, I believe that it has been an outstanding year for the Group against a backdrop that none of us could have anticipated. During FY2021, the Group continued to successfully execut
Slide 3: Chairman's Address conclusion and CEO's Review of Operations
I am extremely proud of the team at Breville. They have built a truly international company, recognised amongst our peers as one of the leading SDA brands in the world. The executive team that Jim leads (across the globe) is world class, and I am sure that their passion and unity will deliver contin
Slide 4: Global Product segment regional growth and EBIT bridge
Slide 10 All three theatres delivered solid growth numbers in the Global Product segment: the Americas grew 27.6% in constant currency; EMEA grew 58.4%; and APAC grew 37.4%. This growth is a reflection of the “global” nature of the pandemic effects as well as the flexibility and adaptability of our
Slide 5: 1H FY22 update and solution discussion
some SKUs. When the containers are delivered to our warehouse, they are unloaded and immediately shipped out to retailers. Forward planning coupled with hard work and agility has kept us “on plan” year to date. The team’s focus for the rest of the half will be moving product through the system to ou
Slide 6: Joule Oven Airfryer Pro and closing remarks
Slide 19 The Joule Oven Airfryer Pro is our down payment on our migration to selling solutions. The oven is currently in beta in customers’ homes and we are getting really positive feedback. We are looking forward to climbing the learning curve with our customers on our new connectivity platform. Fo
Slide 7: Breville Group Limited Annual General Meeting 11th November 2021
Breville Group Limited Annual General Meeting 11th November 2021 ‘i . a ff ? . \ tie Breville | > \ For personal use.only
Slide 8: Chairman's Address
Chairman’s Address Mr. Steven Fisher Breville | Sage
Slide 9: An outstanding year for Breville in the face of unprecedented circumstances
“An outstanding year for Breville in the face of unprecedented circumstances ” > hy = Breville | Sage
Slide 10: Group FY21 Results Summary
Group FY21 Results Summary % change FY21 from FY20 Revenue $1,187.7m 24.7% Earnings before interest attax (EBIT) $136.4m 39.6% Net profit after taxation (NPAT) $91.0m 42.3% Basic earnings per share (EPS) 65.8 cps 34.8% Dividends per share (DPS) 26.5 cps (35.4)% Net Cash $129.9m PY 128.5m
Slide 11: Thank You
Thank You - Breville | Sage team Board colleagues - Suppliers, customers and consumers - Valued shareholders Breville | Sage
Slide 12: CEO's Address
CEO’s Address Jim Clayton Breville | Sage
Slide 13: AGM Agenda
AGM Agenda The Numbers 1HFY22 Update Solution Discussion & Demonstration » Closing Remarks Breville | Sage
Slide 14: FY21 financial results table
AUDm FY211 FY201 % Chng For personal use only Revenue 1,187.7 952.2 24.7% • Gross Profit 413.7 320.6 29.0% • Gross margin 34.8% 33.7% EBITDA 163.3 120.1 36.0% EBIT 136.4 97.7 39.6% • NPAT 91.0 63.9 42.3% EPS 65.8 48.8 34.8% • Normalised EBIT2 136.4 109.9 24.1% • Normalised NPAT2 91.0 72.7 25.1% Norm
Slide 15: Revenue and EBIT by segment
REVENUE EBIT EBIT MARGIN (%) AUDm FY21 FY20 % Chng FY21 FY201 % Chng FY21 FY201 For personal use only Global Product 984.2 764.4 28.7% 111.1 87.0 27.7% 11.3% 11.4% % Change CC2 37.0% Distribution 203.5 187.8 8.4% 25.3 22.9 10.6% 12.4% 12.2% TOTAL 1,187.7 952.2 24.7% 136.4 109.9 24.1% 11.5% 11.5% • •
Slide 16: Global Product Segment Revenue
GLOBAL PRODUCT SEGMENT REVENUE AUDm FY21 FY20 % Chng $A % Chng CC* For personal use only Americas 493.0 422.3 16.7% 27.6% EMEA 257.0 170.0 51.2% 58.4% APAC 234.2 172.1 36.1% 37.4% TOTAL 984.2 764.4 28.7% 37.0% • • • • • • 10
Slide 17: EBIT bridge FY20 to FY21
A$m 13.7 For personal use only Gross Margin (49.0) +1.1% increase 79.4 Increased investment in (17.6) 136.4 Marketing, R&D, and IT EBIT Increase 109.9 +26.5 24.1% Net sales growth of 24% Funds generation Funds invested FY20 Sales Growth GM% Mkting/R&D/IT Other Overhead FY21 EBIT1 EBIT • • • • • 11
Slide 18: Balance sheet and capital employed
AUDm FY21 FY201 For personal use only Inventory2 216.7 153.7 • Receivables 119.3 156.1 Trade and other payables (175.8) (147.9) Working Capital 160.2 161.9 Fixed assets 14.4 13.5 → Intangibles 229.8 144.0 Other (liabilities) / assets (27.9) (32.8) • NET ASSETS EMPLOYED 376.6 286.6 Net (Cash) / debt
Slide 19: For personal use only
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Slide 20: 1HFY22 Update
1HFY22 Update * Consumer and retailer demand continues to be solid * Supply chain challenges experienced across geographies - primarily logistics related * Year-to-date on plan. Operational focus for remainder of 1H 22 is to meet end-consumer demand * Inventory rebuild still planned but phased back
Slide 21: For personal use only
15 For personal use only • • • • 15
Slide 22: Breville's Value Journey
Breville’s Value Journey Solution Thinking Category Thinking Launch Thinking Food Thinking FY16
Slide 23: Joule Oven Air Fryer Pro: FY21 Launch
Joule Oven Air Fryer Pro: FY21 Launch Ecosystem Content HE ChefSteps SrartOver AY an 15% Breville Platform — «= Standards-based IoT = Platform Cy | * Chefs * 1,000,000 users of Chefsteps.com (user generated content) * Breville Smart Oven Air Customers
Slide 24: Joule Oven Air Fryer Pro Demonstration
Joule Oven Air Fryer Pro Demonstration Breville | Sage
Slide 25: For personal use only
19 For personal use only • • • • 19
Slide 26: Disclaimer
Disclaimer To the extent this Presentation contains any forward looking statements, such statements are not guarantees of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Breville, its Directors and management, and in
Slide 27: Breville Group Limited Annual General Meeting 11th November 2021
_ For personal use.only Breville Group Limited Annual General Meeting 11th November 2021 's cs C) / Breville | Sages \ Fr od i y ae Av .