Metcash Limited · ASX:MTS
Metcash — H1 FY2003 Earnings Presentation
14 slides from Metcash's earnings presentation, October 2002
Slide 1: Financial Results 26 Weeks Ended October 2002
Financial Results 26 Weeks Ended October 2002
Slide 2: Financial Highlights - Metcash Group
Financial Highlights - Metcash Group 26 Weeks ended October 2002 • Sales growth for the continuing businesses of 20.4% • Ebitaa for the business units of $71.7 million, up 28.9% on last year. • PBT for the continuing businesses $58.4 million, up 43.3% on last year. • PAT of $38.0 million up 43.0% on
Slide 3: Key Performance Indicators - Sales Growth
Key Performance Indicators - Metcash Group 30.00% 25.00% 20.40% 20.00% 16.00% 13.90% 15.00% 10.00% 7.30% 5.00% 0.00% FY2000 FY2001 FY2002 FY2003 First Half Sales Growth for Continuing Businesses
Slide 4: Key Performance Indicators - EBITAA as % of Sales
Key Performance Indicators - Metcash Group 3.00% 2.24% 2.50% 1.93% 2.04% 2.00% 1.46% 1.50% 1.00% 0.50% 0.00% FY2000 FY2001 FY2002 FY2003 EBITAA as % of Sales
Slide 5: Key Performance Indicators - Half Year Basic EPS
Key Performance Indicators - Metcash Group 8.00 6.22c 7.00 6.00 4.28c 5.00 4.00 3.00 2.00 -0.60c 1.00 0.00 -1.00 2000 2001 2002 Half year basic earnings per share (cents)
Slide 6: Key Performance Indicators - PBT as % of Sales
Key Performance Indicators - Metcash Group 2.50% 2.12% 1.87% 2.00% 1.53% 1.19% 1.50% 1.00% 0.50% 0.00% FY2000 FY2001 FY2002 First half FY2003 PBT and Goodwill amortisation as a % of sales
Slide 7: Key Performance Indicators - Cost of Doing Business
Key Performance Indicators - Metcash Group 100.00% 95.00% 90.00% 82.40% 80.50% 85.00% 80.00% 75.20% 72.20% 75.00% 70.00% 65.00% 60.00% FY2000 FY2001 FY2002 FY2003 First Half Cost of doing business as a % of Gross Profit
Slide 8: Key Performance Indicators - Operating Cash Flow
Key Performance Indicators - Metcash Group First Half After Tax Operating Cash Flow( $m’s) $88.00 $100.00 $70.60 $24.10 $80.00 $60.00 $40.00 -$44.40 $20.00 $0.00 -$20.00 -$40.00 -$60.00 FY2000 FY2001 FY2002 FY2003 First Half First Half After Tax Operating Cashflow
Slide 9: Financial Highlights - IGA Distribution
Financial Highlights - IGA Distribution 26 Weeks ended October 2002 • Sales up 37.0% on last year. • Like on like sales up 8.0% • EBIT $56.7 million up 51.1 % on last year. • Further strong performance by IGA as a Brand. • Market share for all our customers at 15.8 % in September 02 per A.C. Nielsen
Slide 10: Financial Highlights - Campbells Cash & Carry
Financial Highlights - Campbells Cash & Carry 26 Weeks ended October 2002 • 38 Cash and Carry branches and 4 Convenience Store Distribution Branches with sales up 0.6 % on last year. • Tobacco and Liquor sales down 5.5% and 1.7% respectively due to unprofitable customers “given up” - but basic Groce
Slide 11: Financial Highlights - ALM
Financial Highlights - ALM 26 Weeks ended October 2002 • Sales up 6.2% on last year. • EBIT $14.0 million up 7.9% on last year. • Strong sales growth continues due to: • RTD sales growth • Gaining more distribution as manufacturers move away from supplying “direct” accounts. • The drive into the on-
Slide 12: Suy Sing Distribution
Suy Sing Distribution Philippines • Due diligence nearing completion. • Contractual and legal formalities - work in progress.
Slide 13: Strategic and Operational Focus 2002 - 2003
STRATEGIC AND OPERATIONAL FOCUS 2002 - 2003 REDUCE C.O.D.B. BUILD SALES NEW BUSINESS $ •BRANDING •NEW STORE FORMAT •TECHNOLOGY •LESS DIRECTS BY •PEOPLE •MARKETING MANUFACTURERS •RANGING •ASIA (PHILIPPINES) •SUPPLY CHAIN •COMPLIANCE •INVESTMENT IN MORE M2 •CONFECTIONERY •ON-PREMISE t INFRASTRUCTURE /
Slide 14: ss ca
ss ca TRADING LIMITED AUSTRALASIA TRADING LIMITED AUSTRALASIA.