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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

onlyuse personal4 I

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

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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.