JS Global Lifestyle Company Limited · HKEX:1691
JS Global Lifestyle — H1 2024 Earnings Presentation
21 slides from JS Global Lifestyle's earnings presentation, 2024
Slide 1: 2024 Interim Results Presentation
2024年中期业绩发布会 2024 INTERIM RESULTS PRESENTATION
Slide 2: Table of Contents
Table of Contents 1 Financial Updates 3 2 Business Updates - Joyoung 10 3 Business Updates – SharkNinja APAC 13 4 ESG Updates 18
Slide 3: Financial Updates
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Slide 4: Key Financial Metrics
Key Financial Metrics Unit: USD mn Revenue Gross profit and margin (exclude sourcing) 574 743 Gross profit in 1H Revenue in 1H 2024 33.2% 35.2% 2024 USD 743mn 179 215 USD 215mn +29.5% GPM +2.0ppt 1H 2023 1H 2024 1H 2023 1H 2024 Revenue (exclude sourcing) Adjusted EBITDA and margin(1) 13.8% Adj. EBIT
Slide 5: Strong Growth in SN APAC Markets while Joyoung Remained Flat
Strong Growth in SN APAC Markets while Joyoung Remained Flat By segment (exclude sourcing) With Constant Currency 610 636 ⚫ The Joyoung segment remained 540 123 129 revenue level in 1H 2024 by growing 49 sales of core products (high- performance blenders, soymilk makers 491 487 507 and rice cookers)
Slide 6: Continued Market Share Gains Across APAC markets, Except China
Continued Market Share Gains Across APAC markets, Except China By regions (exclude sourcing) ⚫ Total revenue generated from China remained flat due to the combined effect of sales improvement of food preparation categories and softening demand for water With Constant purifier and cookware. Currency
Slide 7: Improvement in Gross Margin
Improvement in Gross Margin Elevation of gross profit and margin (exclude sourcing) (USD mn) ⚫ The Gross profit margin (exclude sourcing) in 1H 2024 is 35.2%. The year-on-year 35.2% increase of 200 basis points in gross profit margin was mainly benefited from portfolio 33.2% premiumization and struc
Slide 8: Sufficient Working Capital and Healthy Cashflows
Sufficient Working Capital and Healthy Cashflows Working Capital Management (USD mn) Inventory turnover days(1) Trade and bill receivables turnover days(2) Trade and bill payables turnover days(3) （days） （days） （days） 202 176 114 93 92 87 51 45 22 2023 1H 2023 1H 2024 2023 1H 2023 1H 2024 2023 1H 20
Slide 9: Balanced Capital Structure
Balanced Capital Structure Capital expenditure Total debt / Total equity2 USD mn 165 150 0.49x 0.46x 10 22 0.01x 0.02x 2021 2022 2023 1H 2024 2021 2022 2023 1H 2024 (Continuing (Continuing (Continuing (Continuing operations) operations) operations) operations) Debt profile and maturities1 ROIC2 USD
Slide 10: Business Updates
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Slide 11: New Products Launch – 30 Anniversary Conference
New Products Launch – 30 Anniversary Conference “Honoring the Great Small Problems”
Slide 12: New Products Launch – Tech 3.0 Series
New Products Launch – Tech 3.0 Series Light Sound Water purifier 0 Coating Rice cooker 3rd Gen Blender & Soymilk Maker with Instant Heating 40N9U Pro Y8 R5P • Zero - coating inner pot • Automatic Preparation, Cleaning, and • 6-year long-lasting filter with AI • Rice Grain Suspension Technology Dryin
Slide 13: Business Updates
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Slide 14: SharkNinja APAC Strategy
SharkNinja APAC Strategy Positively impacting people’s lives everyday in every home Consumer Focus & Brand Awareness In-depth consumer insights Elevated Brand Presence Tailored Product offerings Amplify consumer awareness Optimal value propositions Increase product trial GROWTH Strategy Existing Cat
Slide 15: Win in Existing Categories: Japan Cordless Vacuum
Win in Existing Categories: Japan Cordless Vacuum Tailored Innovation: CleanSense iQ & EvoPower System NEO Winning Cordless Value Share Accelerating our Japan Innovation 19% 17% 12% 9% 2021 2022 2023 2024 June Competitor 1 Competitor 2 Shark Source: GfK POS Value
Slide 16: Launch New Categories: Ninja Blast Portable Blender
Launch New Categories : Ninja Blast Portable Blender First Ninja launch in Japan: #1 Value Share in 2 months! South Korea: Increasing consumer awareness & trial across multiple touch points
Slide 17: Expand in New Markets: Australia & South Korea
Expand in New Markets Acceleration momentum in Australia & South Korea Winning Share in Australia Successful launches in South Traditional Blenders Portable Blenders Korea 21% 20% 16% 14% 11% 0% Start 2023 End 2023 June 2024 Start 2023 End 2023 June 2024 Competitor 1 Ninja Competitor 1 Ninja Air Fry
Slide 18: ESG Updates
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Slide 19: Well-recognized ESG performance
Well-recognized ESG performance Listed in S&P Global's Sustainability Yearbook 2024 Included in the Hang Seng ESG 50 Index, and (China Edition) was recognized as one of the top ESG leaders JS Global Lifestyle was selected as a constituent stock of the JS Global Lifestyle was the only company in the
Slide 20: Updates & Highlights in 2024
Updates & Highlights in 2024 Launching of the promotional video for the Construction of the 1,500th “Joyoung Charity Kitchen” “Joyoung Food and Education Workshop” The year 2024 marks the 30-year journey of Joyoung Foundation’s public welfare efforts. Over the decades, On February 2024, the promotio
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JS Global Lifestyle Company — H1 2024 Earnings Presentation on 6ix