PowerPoint Presentation Agenda
  • HY16 Highlights

  • Financial Snapshot

  • HY16 Financial Scorecard

  • Balance Sheet and Cash Flows

  • Major goals for TRS

  • Horizons of change

  • Building blocks to success - progress update

  • Next steps


    Ross Sudano

    Managing Director

    Darren Briggs

    CFO & Company Secretary

    HY16 Highlights
  • Total sales up 5.6% to $424.7 million

  • Comparable sales 4.4%, turnaround from -3.3% in the prior corresponding period

  • EBITDA up 26.3% to $36 million

  • NPAT up 43.0% to $18.3 million

  • Interim dividend of 25cps (up from 16.5cps in pcp)


    Financial Snapshot


    Half Year Results ($M)

    HY2016

    HY2015

    % Change

    Sales

    424.7

    402.2

    5.6%

    Comp Sales

    4.4%

    (3.3%)

    EBITDA (pre-store related adj'.)

    37.7

    32.1

    17.5%

    Store open'g / refurb. / relay costs

    (0.4)

    (3.6)

    DC Melb. Airport exit costs

    (1.3)

    0.0

    EBITDA

    36.0

    28.5

    26.3%

    D&A

    9.6

    9.5

    EBIT

    26.4

    19.0

    38.8%

    Net Interest Expense

    (0.5)

    (0.9)

    Income Tax Expense

    (7.6)

    (5.3)

    NPAT

    18.3

    12.8

    43.0%

    Earnings Per Share

    63.5cps

    44.4cps

    Interim Dividend Per Share

    25cps

    16.5cps

    Sales Up 5.6%
    • Comparable store sales turnaround:

      - 1st Qtr +6.1%

      - 2nd Qtr +3.2%

      - 1st Half +4.4%

    • 8 new stores; 3 closures, 2 relocations


      EBIT up 38.8%, and NPAT up 43.0% on prior half
    • GP% well managed given $AUD currency devaluation

    • CODB focus has seen significant savings, particularly in store related costs , with more to come

    • EDITDA and NPAT achieved despite recording initial costs to exit Melbourne DC


      Strong Balance Sheet Position
    • Strong operating cashflow

    • Debt covenants comfortably met

The Reject Shop Limited issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 February 2016 23:09:20 UTC

Original Document: http://www.rejectshop.com.au/medias/FY16-1H-Results-Presentation-v7.pdf?context=bWFzdGVyfHByZXNzcmVsZWFzZXwxMDA4MjI0fGFwcGxpY2F0aW9uL3BkZnxwcmVzc3JlbGVhc2UvaDRlL2g0OC84ODAwNzA0OTIxNjMwLnBkZnwxN2I2Njk4Y2NjZTYxODY5NzU0OTA2M2I3M2E0MmY5YTQxNTJiODlmNDFkOTBmZjMzOGUxNDVhOGYzYzQ1NDc4