UP GLOBAL SOURCING HOLDINGS PLC Full Year Results FY19 20 19 www.upgs.com
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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
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