UP GLOBAL SOURCING HOLDINGS PLC Full Year Results FY18 20 18 www.upgs.com
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AGENDA UP Global Sourcing Holdings plc 3. Strategy & Outlook 1. Introduction Simon Showman Andrew Gossage Q 2. FY18 Financial Review 4. Questions & Answers A Graham Screawn BELDRAY Airgility Cordless Cordless, Effortless Cleaning 2
INTRODUCTION UP Global Sourcing Holdings plc Who We Are EST. IN EMPLOY SELL TO 300+ 1997 240+ IN MANCHESTER PEOPLE ACROSS RETAILERS ACROSS THE GROUP 36 COUNTRIES • Established in Manchester in 1997 SALTER DiamondTech Fry Pan Diamond Effect Non Stick Coating • A brands house of consumer goods for the home • Mass market and value led • Six product categories: Audio, Heating & Cooling, Housewares, Laundry, Luggage and Small Domestic Appliances • Employ over 240 people across the group • Offices and showrooms in Manchester, Cologne and Guangzhou • Sell to over 300 retailers across 36 countries and also online • Source products from 15 countries 3
INTRODUCTION UP Global Sourcing Holdings plc FY18 Summary REVENUE UNDERLYING PBT £87.6 m £5.6 m - 20.4% - 47.3% (FY17: £110.0 m) (FY17: £10.7 m) • Total revenue decreased 20.4% to £87.6 m (FY17: £110.0 m) • Underlying EBITDA decreased 43.8% to £6.5 m (FY17: £11.5 m) • Gross margin stable at 22.4% (FY17: 22.3%) • Underlying PBT decreased 47.3% to £5.6 m (FY17: £10.7 m) • Net debt of £12.8 m and net debt/underlying EBITDA ratio of 2.0 x • Headroom within bank facilities of £9.1 m (FY17: £6.2 m) • Underlying earnings per share of 5.4 p (FY17: 10.9 p) • Final dividend of 1.89 p per share proposed (FY18 total: 2.72 p per share, FY17 total: 5.115 p per share) CAMBRIDGE Sippy Mugs Made from Eco Friendly Bamboo 4
INTRODUCTION UP Global Sourcing Holdings plc Hovseqrovd Operational Highlights fpr almott 100 yebrt... PURCHASE OF HERITAGE BRAND Rebsand & fp c u s oe u c t ps Staying Houseproud SINCE 1923 • Purchased out of administration in June 2018 • Now relaunching it with a range of laundry LAUNDRY & ELECTRICAL HEATING & IRONS & and floorcare products CLEANING FLOORCARE COOLING HANDHELD • Targeting both retail and online channels 5
INTRODUCTION UP Global Sourcing Holdings plc Operational Highlights Operational Highlights RELAUNCH OF HERITAGE BRAND Innovation & Progression Est. 1931 Key Customers 4 6
INTRODUCTION UP Global Sourcing Holdings plc Operational Highlights PICK PACK POST SINGLE PICK FACILITY TO SUPPORT ONLINE GROWTH 7 4
INTRODUCTION UP Global Sourcing Holdings plc Operational Highlights ONLINE PLATFORM An automated link between our systems and our customers 80%+ time saving generated Better stock management Easier to focus on the winners 8
INTRODUCTION UP Global Sourcing Holdings plc Operational Highlights new COLOGNE SHOWROOM NOW OPEN • A number of major retail accounts already open • Orders taken to date ahead of management’s expectations 9
INTRODUCTION UP Global Sourcing Holdings plc Operational Highlights FY17 NOW Further Across Within 100 th graduate 47 graduates 18 different 9 different key recruited recruited entry level roles departments 10
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