Breville Group Limited · ASX:BRG
Breville — Housewares International — FY2006 Earnings Presentation
13 slides from Breville's earnings presentation, Jun 30, 2006
Slide 1: Housewares International Limited Group Report Year Ending 30 June 2006
Housewares International Limited A.B.N. 90 086 933 431 GROUP REPORT FOR THE YEAR ENDING 30 JUNE 2006
Slide 2: Financial Results Summary
Financial Results Summary A$ Million FY06 FY05 Change Group Sales 424.2 408.4 3.9% Australia 271.2 295.7 -8.3% Offshore 153.0 112.7 35.8% Group EBIT 27.2 31.2 -12.8% Australia 8.5 20.2 Offshore 18.7 11.0 Underlying PAT 16.1 18.7 -13.9% Significant items (after tax) 2.7 4.1 Reported PAT 13.4 14.6 -8.
Slide 3: Balance Sheet at 30 June 2006
Balance Sheet at 30 June 2006 A$ Million FY06 FY05 Fixed Assets 10.5 10.7 Intangibles 82.8 76.6 Investments 8.8 6.6 Others (net) 3.7 4.7 Working Capital 115.8 129.8 | Inventory 86.4 106.1 | Receivables 77.7 70.0 | Payable and Provisions (48.3) (46.3) FUNDS EMPLOYED 221.6 228.4 Debt (net) 63.8 74.1 S
Slide 4: Group Sales
Group Sales A$ Million FY06 FY05 % Change Electrical Australia 196.9 204.5 -3.7% Offshore 109.6 75.7 44.8% Total 306.5 280.2 9.4% Homewares Australia 74.3 91.2 -18.5% Offshore 43.4 37.0 17.3% Total 117.7 128.2 -8.2% Group Australia 271.2 295.7 -8.3% Offshore 153.0 112.7 35.8% Total 424.2 408.4 3.9%
Slide 5: Group EBIT
Group EBIT* A$ Million FY06 FY05 Change Split by Sub-Segment: Electrical 33.5 28.5 17.5% Homewares -4.6 4.8 -195.8% Corporate -1.7 -2.1 -19.0% Group 27.2 31.2 -12.8% A$ Million FY06 FY05 Change Split by Geographic: Australia 8.5 20.2 -57.9% Offshore 18.7 11.0 70.0% Group 27.2 31.2 -12.8% * Earnings
Slide 6: Group Financial Commentary
Group Financial Commentary | Group Sales up 3.9% to $424.2m and underlying PAT down $2.6m to $16.1m. | Significant gains in offshore sales and earnings offset through difficult local trading conditions and the impact of rationalisation initiatives in Australia. | Strong operating cash flow of $ 30.4
Slide 7: Financial Commentary: Australia
Group Financial Commentary AUSTRALIA | HWI Electrical holds its market leadership position but difficult trading conditions restrained top line growth. | Rationalisation benefits expected from Homewares, namely cost savings, are expected to flow through in FY07 | New sales initiatives for SABCO, wil
Slide 8: Financial Commentary: Offshore
Group Financial Commentary OFFSHORE | Offshore business units enjoyed a year of strong growth. | Hong Kong export business has secured new markets and customers during the year, principally through the sale of innovative products on an “OEM basis”. | Breville brand continues to gain increased market
Slide 9: Financial Commentary: Offshore
Group Financial Commentary OFFSHORE | Recent Chicago Homewares Show was an absolute highlight for the company. The company’s innovative product development credentials were showcased and strategic relationships forged with some of the worlds leading retail chains. | Offshore Homewares reversed last
Slide 10: Outlook
Outlook | Homewares has completed the restructure of its product offer into a core rather than a promotional offer. | We are expecting solid growth for SABCO in FY07, through increased retail listings and entry into the commercial supply sector.
Slide 11: Outlook
Outlook | North American sales targets of $50m sales by 2008, as previously flagged, now looks like being exceeded, based on current trading outlook. | Offshore businesses and profitability anticipated to grow in FY07 on the back of continued innovative product development and greater retail exposur
Slide 12: Outlook
Outlook | In recognition of our shifting business base, the company’s corporate office will be moved to Sydney over the next few months. | Sydney will then represent the corporate and ‘new product development’ hub for the HWI Group.
Slide 13: Thank-you.
chwi) Thank-you. BREVILLE 800 CLASS RANGE
Housewares International — FY2006 Earnings Presentation on 6ix