UP GLOBAL SOURCING HOLDINGS PLC Full Year Results FY19 20 19 www.upgs.com
DISCLAIMER UP Global Sourcing Holdings plc This content of information contained in these slides and the any such person as to the accuracy, completeness or fairness of the accompanying presentation comprises an institutional presentation information or opinions contained in this Presentation and no (the Presentation) which has been prepared by and is the sole responsibility or liability is accepted by any person for such information responsibility of UP Global Sourcing Holdings Limited (the Company). or opinions. No person has been authorised to give any information or The content of this Presentation has not been approved by an make any representations other than those contained in this authorised person within the meaning of the Financial Services and Presentation and, if given and/or made, such information or Markets Act 2000 (FSMA). Reliance on this Presentation for the representations must not be relied upon as having been so authorised. purpose of engaging in any investment activity may expose an The contents of this Presentation are not to be construed as legal, individual to a significant risk of losing all of the property or other financial or tax advice. The contents of the Presentation have not assets invested. This Presentation does not constitute or form part of been independently verified by anyone other than the Company and any offer for sale or solicitation of any offer to buy or subscribe for any are subject to material updating, revision and further amendment. securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract The Company has not been, and will not be, registered under the or commitment whatsoever or constitute an invitation or inducement to United States Investment Company Act of 1940, as amended, and engage in investment activity under section 21 of FSMA. investors will not be entitled to the benefits of that Act. Neither this Presentation nor any copy of it may be taken or transmitted into the Not withstanding the above, in the United Kingdom, this Presentation United States of America or its territories or possessions (the United is only being given to persons reasonably believed by the Company to States), or distributed, directly or indirectly, in the United States, or to be (1) investment professionals within the meaning of article 19, any U.S Person as defined in Regulation S under the United States Of certified high net worth individuals within the meaning of article 48, America Securities Act 1933 as amended, including U.S resident high net worth companies within the meaning of article 49, sophisticat- corporations or other entities organised under the laws of the United ed investors within the meaning of article 50 and self-certified States or any state thereof or non-U.S branches or agencies of such sophisticated investors within the meaning of article 50A of the corporations or entities or into Canada, Australia, Japan, South Africa Financial Services and Markets Act 2000 (Financial Promotion) Order or the Republic of Ireland. Neither this Presentation nor any copy of it 2005 or (2) persons who are otherwise permitted by law to receive it, may be taken or transmitted into or distributed in Canada, Australia, (all such persons together being referred to as relevant persons). This Japan, South Africa or the Republic of Ireland, or any other jurisdiction Presentation is only being sent to persons reasonably believed by the which prohibits the same except in compliance with applicable Company to be relevant persons. If you are not such a relevant person securities laws. Any failure to comply with this restriction may (i) you should not have received this Presentation and (ii) please return constitute a violation of United States or other national securities law. this Presentation to the Company's registered office as soon as possible and take no other action. By accepting this Presentation the Information contained in this Presentation may include 'forward-look- recipient represents and warrants that they are a relevant person ing statements'. All statements other than statements of historical facts entitled to receive this included herein, including, without limitation, those regarding the Presentation. Company's financial position, business strategy, plans and objectives of management for future operations (including development plans This Presentation is not intended to be distributed, or passed on, and objectives relating to the Company's business) are forward-looking directly or indirectly, to any other class of person and in any event statements. Such forward-looking statements are based on a number under no circumstances should persons of any other description rely of assumptions regarding the Company's present and future business or act upon the contents of this Presentation. This Presentation and its strategies and the environment in which the Company expects to contents are confidential and must not be distributed or passed on, operate in future. Actual results may vary materially from the results directly or indirectly, to any other person. This Presentation is being anticipated by these forward-looking statements as a result of a variety supplied to you solely for your information and may not be of factors. These forward-looking statements speak only as to the date reproduced, further distributed or published in whole or in part by any of this Presentation and cannot be relied upon as a guide to future other person. performance. The Company expressly disclaims any obligation or No representation or warranty, expressed or implied, is made or given undertaking to disseminate any updates or revisions to any forward- by or on behalf of the Company or any of their respective parent or looking statements contained in this Presentation to reflect any subsidiary undertakings or the subsidiary undertakings of any such changes in its expectations with regard thereto or any change in parent undertakings or any of the directors, officers or employees of events, conditions or circumstances on which any statement is based. INTEMPO Urban Collection Stylish, On-Trend Technology 1
INTRODUCTION UP Global Sourcing Holdings plc CAMBRIDGE Sippy Mug Reusable Eco Friendly Bamboo Full Year Results FY19 Agenda Introduction Andrew Gossage Financial Review Graham Screawn Strategy & Outlook Simon Showman Q Questions & Answers A 2
INTRODUCTION UP Global Sourcing Holdings plc Who We Are EST. IN EMPLOY SELL TO 300+ 1997 290+ IN MANCHESTER PEOPLE ACROSS RETAILERS ACROSS THE GROUP 38 COUNTRIES SALTER Earth Collection Super Strong Eco Coating • Established in Oldham, Greater Manchester in 1997 • A brands house of consumer goods for the home • Mass market and value led • Six major product categories: Small Domestic Appliances, Audio, Housewares, Laundry, Heating & Cooling and Luggage • Employ over 290 people across the group • Offices and showrooms in Manchester, Cologne and Guangzhou • Sell to over 300 retailers across 38 countries and also online • Source products from 16 countries 3
INTRODUCTION UP Global Sourcing Holdings plc FY19 Summary REVENUE UNDERLYING PBT £123.3m £8.5m + 40.8% + 50.5% (FY18: £87.6 m) (FY18: £5.6 m) • Total revenue increased 40.8% to £123.3 m (FY18: £87.6 m) • Underlying EBITDA increased 53.4% to £9.9 m (FY18: £6.5 m) • Gross margin reduced slightly at 22.1% (FY18: 22.4%) • Underlying PBT increased 50.5% to £8.5 m (FY18: £5.6 m) • Net debt of £14.4 m (FY18: £12.8 m) and net debt/underlying EBITDA ratio of 1.5 x (FY18: 2.0 x) • Headroom within bank facilities of £10.1 m (FY18: £9.1 m) • Underlying earnings per share of 8.2 p (FY18: 5.4 p) • Final dividend of 2.925 p per share proposed (FY19 total: 4.085 p per share, FY18 total: 2.72 p per share) SALTER Metallic Bakeware 4 Champagne Edition
INTRODUCTION UP Global Sourcing Holdings plc Operational 01 02 03 04 Highlights Cologne Supermarkets International Showroom Online 5
INTRODUCTION UP Global Sourcing Holdings plc 05 06 07 08 09 Excellence in Bank Facilities Russell Hobbs Kleeneze Talent Execution Renewed 6
FY19 FINANCIAL REVIEW UP Global Sourcing Holdings plc FY19 Financial Review Graham Screawn Income Statement Profit After Tax Bridge Segmental Analysis Geographical & Strategic Pillar Brand Major Product Areas Balance Sheet Cash Flow KLEENEZE Laundry Range 7 Modern Design for Every Home
Recommend
More recommend