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Half Year Update
Consumer Products & E-commerce Business
February 2022
(ASX: PTL)
Delivering on Our Strategy
Profit guidance upgraded: now forecasting FY22 underlying EBIT of $10.5m - 11.0m (up 29-35% YoY)1
only | |||
use | Develop New | ||
Driving Sales | |||
through Key | Products and | ||
Brands | Channels | ||
personalExcluding impact of HWB acquisition | related costs of $1.033 million | ||
White King | Developing | ||
Jiffy Fire Lighters | e-commerce | ||
Softly | Products | ||
Country Life | Bondi Soap | ||
Grow margin | |||
contribution | |||
1 | |||
2 I Pental Half Year Update February 2022 |
Expand Export | New Projects |
Markets | |
Grow New Zealand | Explore further |
Continue to sell into | potential acquisitions |
China | Scale up Hampers |
Explore other | with Bite |
Asian markets | New customers |
Value packs |
Continuous
Manufacturing
Improvement
Sustainability projects
Waste and energy reduction
New technology
New product capabilities Drive down costs
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Pental Ltd (ASX: PTL)
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FY22 H1 Highlights and Financial Results
Pental Half Year Update February 2022
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Pental FY22 H1 Business Highlights
Pental has delivered strong performance across its diverse Company-owned branded product portfolio
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Successfully completed acquisition | HWB synergies and cross-selling | ||||||||
of Hampers with Bite effective | opportunities with traditional brands | ||||||||
1 September 2021 | to be realised in FY22 H2 | ||||||||
Smooth integration of the HWB | Developing new HWB seasonal |
e-commerce business under the | |
Pental umbrella | growth strategies to be implemented |
from January 2022 |
Sales growth of 12.1% in | Successfully raised $10.05 |
New Zealand market | million (net of costs) in capital |
for HWB acquisition |
First to market launch of White King, | Increased input cost of commodities | |||||
and freight impacted consumer | ||||||
Country Life and Velvet value packs | products business margins in FY22 H1 | |||||
- recovery plan executed in early H2 | ||||||
Successful launch of premium Bondi | Successful upgrade of fire protection |
Soap brand in e-commerce channel | systems at Shepparton facilities resulting |
in significant reduction in insurance | |
premiums effective 1 December 2021 |
Pental Half Year Update February 2022
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FY22 H1 Financial Report Card
1. | Total revenue | |
2. | Underlying EBITDA | |
only | ||
3. | Underlying EBIT | |
use | ||
4. Owned brands revenue | ||
5. HWB Net Sales (from 1 Sep to 26 Dec) | ||
6. | Cash position | |
personal | Underlying earnings per share | |
7. | ||
8. | Dividend per share | |
9. | EBIT earnings guidance for full FY22 | |
1compared to unaudited figures from pre-acquisitionperiod 5 I Pental Half Year Update February 2022
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$66.375m- up 2.7%
$9.513m - up 55.6%
$7.555m - up 78.3%
$25.901m - down 3.29%
$24.987m - up 56.3% on same 4 -month period1
$12.9m in cash with $4.7m in debt
3.36 cents per share - up 58.5%
1.3 cents per share - up 30%
$10.5m to $11.0m - up between 28.9% and 35%
- Acquisition of Hampers with Bite has brought Pental an online channel customer base, improved scale, e- commerce expertise, revenue synergies and new product capabilities
- Higher e-commerce sales mix of HWB significantly improves underlying EBITDA margins
- Strong HWB growth while under Pental ownership has offset reduced revenues following May 2021 changes to Duracell distributorship agreement
- Owned brand revenue down mainly in Q1 - returned to growth in Q2
- Strong balance sheet position to target further strategic acquisitions
- Increased dividend by 30% to 1.3 cents per share
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Pental Limited published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 21:44:55 UTC.