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 SudanoManaging Director
Darren BriggsCFO & Company Secretary
HY16 HighlightsTotal 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 $18.3 million
Interim dividend of 25cps (up from 16.5cps in pcp)
Financial Snapshot
Sales Up 5.6%Half Year Results ($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
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 halfGP% 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 PositionStrong 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