Prestal Holdings Limited · ASX:PTL
Prestal — Pental — H1 FY2022 Earnings Presentation
30 slides from Prestal's earnings presentation, Feb 18, 2022
Slide 1: Half Year Update
For personal use only Half Year Update Consumer Products & E-commerce Business February 2022 (ASX: PTL)
Slide 2: Delivering on Our Strategy
Delivering on Our Strategy Profit guidance upgraded: now forecasting FY22 underlying EBIT of $10.5m - 11.0m (up 29-35% YoY)1 For personal use only Driving Sales Develop New Develop New Expand Export Continuous through Key Products and Products and New Projects New Projects Manufacturing Markets Bran
Slide 3: FY22 H1 Highlights and Financial Results
Pental Ltd (ASX: PTL) For personal use only FY22 H1 Highlights and Financial Results 3 I Pental Half Year Update February 2022
Slide 4: Pental FY22 H1 Business Highlights
Pental FY22 H1 Business Highlights Pental has delivered strong performance across its diverse Company-owned branded product portfolio For personal use only Successfully completed acquisition HWB synergies and cross-selling of Hampers with Bite effective opportunities with traditional brands 1 Septem
Slide 5: FY22 H1 Financial Report Card
FY22 H1 Financial Report Card For personal use only 1. Total revenue $66.375m- up 2.7% • Acquisition of Hampers with Bite has brought Pental an online channel customer base, improved scale, e- 2. Underlying EBITDA $9.513m – up 55.6% commerce expertise, revenue synergies and new product capabilities
Slide 6: E-Commerce Highlights
E-Commerce Highlights Hampers with Bite going from strength to strength, providing a diversified driver of rapid growth For personal use only 190,000+ 13,000+ social email media followers subscribers (up 225% on (up 280% on Dec 20) Dec 20) Successful launch of premium Bondi Soap 1,535,000+ brand in
Slide 7: HWB E-Commerce Business
HWB E-Commerce Business Hampers With Bite (HWB) performing strongly in FY22 H1 For personal use only Significant Strong B2B Strong 4 $25 B2C Market months Million Growth (under Pental ownership) 180% growth in revenue* B2B revenue up 30.5%* Sales performance revenue contribution from 9,400+ active c
Slide 8: Financial Performance
Financial Performance Key Consolidated Income Statement Items • Pental successfully completed acquisition of Hampers with Bite (HWB) on 1 September 2021 – For personal use only $’000 Dec 21 Dec 20 Change % within 2 weeks of entering agreement to acquire Net Sales 66,375 64,632 1,743 2.7% • Net sales
Slide 9: Financial Performance: Statement of Financial Position
Financial Performance Key Statement of Financial Position Items For personal use only $’000 Dec-21* Jun-21 Change • Strong cash position as a result of strong ASSETS operating cash flow of $10.557 million Cash 12,917 12,702 215 • Pental remains effectively debt free as at Trade and other receivables
Slide 10: Financial Performance: Statement of Cash Flows
Financial Performance Key Consolidated Statement of Cash Flows Items • Working capital down on PCP by $4.357 For personal use only $’000 Dec 21 Dec 20 Change Profit after Tax 4,239 2,889 1,350 million predominantly due to unwinding of Duracell related debtors and inventories Add noncash items (impai
Slide 11: FY22 Full-Year Forecast Business Outlook
FY22 Full-Year Forecast Business Outlook For personal use only 11 I Pental Half Year Update February 2022
Slide 12: Pental Forecast
Pental Forecast 4th continuous year of profitability growth expected in FY22, with EBIT margins significantly improving Delivering Profit Growth For personal use only $’millions Transformational change Revenue and profit growth trend over 5 years with HWB acquisition 12.0 significantly improving 140
Slide 13: Hampers with Bite Outlook
Hampers with Bite Outlook For personal use only Aggressive Growth Plans 13 I Pental Half Year Update February 2022
Slide 14: HWB Expands into Wellness Gifting
HWB Expands into Wellness Gifting For personal use only 50% Continued Revenue Growth All Year Round: 12 Month Provider Demand in Employee Wellness and Recognition • Employers (HWB customers) making budget allowances for employee recognition and welfare is a pivotal driver of HWB’s recent growth • A
Slide 15: HWB New Wellness Brand
HWB New Wellness Brand Realisation of HWB cross-selling opportunities with Pental's brands For personal use only Pental Production - HWB New Wellness Brand Pental is set to produce 10 - 15% of HWB product in its rapidly expanding wellness 10-15% range. The global wellness economy is now valued at $4
Slide 16: HWB Growth Opportunity
HWB Growth Opportunity For personal use only Employee wellness growth statistics 6% 31% 52% EXPECTED GROWTH IN LESS TURNOVER IN STAFF WANT TO RECEIVE 2022 FOR CORPORATE ORGANISATIONS WITH MORE RECOGNITION WELLNESS SERVICES RECOGNITION PROGRAMS FROM MANAGEMENT ibis Worldwide, 2022 Forbes, 2022 Quanti
Slide 17: HWB Moves Beyond Seasonal Business Model
HWB Moves Beyond Seasonal Business Model Year-Long Growth, Jan-Sep Vs Oct-Dec For personal use only FY19/20 FY20/21 FY21/22 385% Revenue Growth 133% Revenue Growth 2019 JAN-SEP 2020 JAN-SEP 2021 JAN-SEP 12% 34% 48% Overall Sales Overall Sales Overall Sales 49% Revenue Growth 23% Revenue Growth 2019
Slide 18: HWB Growth Strategies in H2 FY22
HWB Growth Strategies in H2 FY22 For personal use only Aggressive Forecasting 50% Focusing on growth plans Year on Year Employee with a full Revenue Growth Wellness calendar of events HWB to become a New Value- Pental Shepparton year-round business Added Hampers producing products for HWB Growth thr
Slide 19: Pental Consumer Products Business
For personal use only Pental Consumer Products Business 19 I Pental Half Year Update February 2022 19
Slide 20: White King's Growth Drivers
White King’s Growth Drivers For personal use only OBJECTIVE 1 OBJECTIVE 2 OBJECTIVE 3 OBJECTIVE 4 Enter multi purpose Value added existing product Growth strategies within Develop the next generation of segment with innovative development for bathroom e-commerce and alternate White King (non bleach)
Slide 21: White King's new product development: Refills
For personal use only Refills White King’s new product development • RPET Bottles • Biodegradable formula • Continuous protection from germs for up to 24 hours • Concentrated refills means less plastic 21 I Pental Half Year Update February 2022
Slide 22: Country Life New Product Direction
Country Life New Product Direction Innovation to offer a greener, cleaner and fuller future for new consumers For personal use only New direction appeal targeting under 40 year old demographic Refillable, Reusable and Recyclable Packaging A cohesive new product look with colours representative of th
Slide 23: Jiffy Firelighters FY22 Outlook
Jiffy Firelighters FY22 Outlook Growth drivers: Jiffy continues to be the #1 brand of firelighters For personal use only Success of NPD: Ensure Jiffy Firelighters experiencing 8.5% dollar growth and 4.2% growth of recently ranged unit growth . Jiffy is the #1 Firelighter brand on the market NPD (inc
Slide 24: Sales Growth FY22 Outlook
Sales Growth FY22 Outlook For personal use only NPD to generate 3% growth in H2 Bundle packs – FY22 and 12% growth for the full Tradies, Velvet & White King FY23 Through the 5 new ranged products in Bunnings stores, targeting $1 million in sales 24 I Pental Half Year Update February 2022
Slide 25: FY22 Sustainability Projects
FY22 Sustainability Projects For personal use only Waste reduction Natural products (Bondi) Paper wrappers Reduction in packaging Develop new specific sustainable products Non-chemical formulations Less plastic Reduction in water usage 25
Slide 26: Consumer Products Business Outlook for H2
Consumer Products Business Outlook for H2 For personal use only Full price E-commerce Forecasting 5% growth with Bondi branded growth in recovery on H1 material costs & White King consumer products business Continued search for Continued Pental Shepparton another acquisition strong cash continue to
Slide 27: Outlook Summary
Outlook Summary For personal use only Continuing Strategic Sustainability Export Marketing Innovation Acquisitions & Partners Support Pipelines Partnerships • Natural products • New Hampers • Enhancing our • Digital marketing • New products and (Bondi) export footprint: categories • New Employee • I
Slide 28: Pental Outlook Summary
Pental Outlook Summary For personal use only The Company expects the full financial year underlying EBIT profit result will be in the range of $10.5 to $11 million - 29% to 30% growth $’millions Transformational change Revenue and profit growth trend over 5 years with HWB acquisition 12.0 significan
Slide 29: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Pental Limited ACN 091 035 353 (Company). This presentation contains summary information about the Company, its subsidiaries and the entities, businesses and assets they own and operate (Group) and their activities current as at
Slide 30: Thank You
For personal use only Thank You Contact Us Investor queries: Oliver Carton, Company Secretary tel: +61 3 9251 2311 Media queries: Tim Dohrmann, NWR Communications I Pental Half Year Update February 2022 email: [email protected]