Breville Group Limited · ASX:BRG

Breville — Housewares International — H1 2006 Earnings Presentation

12 slides from Breville's earnings presentation, February 2006

  1. Slide 1: Group Report for the Six Months Ended 31 December 2005

    1 HOUSEWARES INTERNATIONAL GROUP REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2005

  2. Slide 2: Financial Results Summary

    2 FINANCIAL RESULTS SUMMARY Year ended Dec 2005 (A$M) Dec 2004 (A$M) Change Sales 236.2 240.4 (1.7%) Gross Profit 62.5 69.6 (10.2%) (% to sales) 26.5% 28.9% Underlying EBITDA 25.1 30.6 (% to sales) 10.6% 12.7% Underlying net profit 14.2 18.0 (21.1%) after tax (% to sales) 6.0% 7.5% Significant items

  3. Slide 3: Balance Sheet at 31 December 2005

    3 BALANCE SHEET AT 31DECEMBER2005 Dec 2005 (A$M) Dec 2004 (A$M) Inventories 96.8 96.5 Receivables 113.0 116.6 Payables & Provisions (59.6) (48.5) WORKING CAPITAL 150.2 164.6 Fixed Assets 11.2 10.7 Intangibles 80.5 75.6 Investments 8.9 7.8 Other (NET) 6.9 1.9 FUNDS EMPLOYED 257.7 260.6 Debt (NET) 92.

  4. Slide 4: Sales

    4 SALES DEC 2005 DEC 2004 Movement $A MIL % Share $A MIL % Share ELECTRICAL Australia 116.6 49.4% 122.7 51.0% -5.0% Overseas 56.0 23.7% 40.9 17.0% +36.9% TOTAL 172.6 73.1% 163.6 68.0% +5.5% HOMEWARES Australia 39.7 16.8% 55.7 23.2% -28.7% Overseas 23.9 10.1% 21.1 8.8% +13.3% TOTAL 63.6 26.9% 76.8 32

  5. Slide 5: Underlying Profit After Tax

    5 UNDERLYING PROFIT AFTER TAX DEC 2005 DEC 2004 Movement $A MIL % Share $A MIL % Share $AMIL BY SUB-SEGMENT SPLIT Electrical 14.7 104% 15.1 84% (0.4) Homewares 0.9 6% 5.5 31% (4.6) TOTAL 15.6 110% 20.6 114% (5.0) Less Corporate (1.4) (10%) (2.6) (14%) 1.3 Underlying PAT 14.2 100% 18.0 100% (4.8) BY

  6. Slide 6: Electrical Australia Commentary

    6 ELECTRICAL AUSTRALIA COMMENTARY •Sales down 5% (price entry) –slow retail •Breville strong Christmas sell through •Category leader in juicing and coffee •Senseo 10% coffee share

  7. Slide 7: Electrical Overseas Commentary

    7 ELECTRICAL OVERSEAS COMMENTARY New Zealand •Flat- slowed in December •Tight low cost business model Export Sales •Strong growth

  8. Slide 8: Electrical Overseas Commentary

    8 ELECTRICAL OVERSEAS COMMENTARY USA •Breville growing strongly •Breville 800ES voted best in category “cooking electrics” •New product releases at Chicago (March) Canada •Growing strongly •12% brand recognition

  9. Slide 9: Homewares Australia Commentary

    9 HOMEWARES AUSTRALIA COMMENTARY •Integration into electrical will be complete by June 30 •Design led business •Breville Home •Arcosteel •Alex Liddy bone china •SABCO revitalised •Sales expected to double second half

  10. Slide 10: Homewares Overseas Commentary

    10 HOMEWARES OVERSEAS COMMENTARY •Sales base re-established •Strong sales expected second half •Wal Mart •Albertsons

  11. Slide 11: Future Outlook

    11 FUTURE OUTLOOK •Restructure initiatives on track •Second half sales expected to grow double digit •International sales now 34% will increase •Full year anticipated underlying profit reconfirmed at 20.5m – 22.5m •Dividend maintained

  12. Slide 12: Questions?

    12 QUESTIONS? HOUSEWARES INTERNATIONAL

Housewares International — H1 2006 Earnings Presentation on 6ix