Annual General Meeting 22 November 2011 1. Annual General Meeting 2011 2 David Dicker (Chairman &...
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Transcript of Annual General Meeting 22 November 2011 1. Annual General Meeting 2011 2 David Dicker (Chairman &...
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Annual General Meeting22 November 2011
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Annual General Meeting 2011
David Dicker (Chairman & CEO) welcomes you to the inaugural
annual general meeting of Dicker Data Ltd as a listed public company
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Annual General Meeting 2011
• Receive and consider 2011 Financial Report• Adoption of Remuneration Report• Election of Director • Review of Full Year Results• Review of first quarter results• Review of capital management structure• Questions
Agenda
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Item 1: 2011 Financial Report
Annual General Meeting 2011
To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report of the Company for the year ended 30 June 2011.
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“To adopt the Remuneration Report for the year ended 30 June 2011.”
Item 2: Adoption of Remuneration Report
Annual General Meeting 2011
For Against Open Total Abstain
282,000 33,250 - 315,250 30,000
89.45% 10.55% 0.00%
Proxy Results
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Annual General Meeting 2011
Item 3: Election of Director“That Fiona Brown, being a director who is retiring in accordance with clause 15.3 of the Company’s constitution and, being eligible, offers herself for re-election, be re-elected as a director of the Company.”
For Against Open Total Abstain
282,000 13,250 20,000 315,250 30,000
89.46% 4.20% 6.34%
Proxy Results
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Annual General Meeting 2011
FULL YEAR RESULTS
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Annual General Meeting 2011
Continuation of strong growth in sales and earnings year on year
FY09 FY10 FY11
268.2m 286.7m
385.2m
+24.2%+7.4%
+34.4%
Sales +34.4%
FY09 FY10 FY11
3.8m4.5m
6.1m
+1.8%
+18.3%
+35.6%
NPAT +35.6%(Net Profit after Tax)
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Annual General Meeting 2011
FINANCIAL HIGHLIGHTS$ million FY2011 FY2010 Change
Sales revenue 385.2 286.7 +34.4%
Gross profit 26.2 17.9 +46.2%
Underlying earnings before tax 1 10.1 6.5 +54.3%
Earnings before tax 8.8 6.5 +35.0%
Net profit after tax 6.1 4.5 +35.6%
Earnings per share (cents) 5.0 n/a -
Dividends per share (cents)2 3.0 n/a -
Note: 1) Excludes IPO expenses and non-cash losses on sold property2) Based on declared and paid dividends since IPO
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Annual General Meeting 2011
Strong Financial PerformanceKey drivers• Enhanced warehouse capacity after moving
into new purpose built building in November 2010
• Investment in additional sales and support staff from 65 employees in October 2010 to 85 employees in October 2011 has resulted in revenue and profit growth
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Annual General Meeting 2011
FIRST QUARTER TRADING2012 Financial Year
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Annual General Meeting 2011
First quarter trading$ million Q1 FY2012 Q1 FY2011
Sales revenue 110.6 71.3
Gross profit 8.5 2.7
Earnings before tax 3.4 (0.7)
• Strong sales in current quarter, representing 55% increase year on year
• Solid start to current quarter resulting in profit when compared to losses made in the same quarter in the previous year.
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Annual General Meeting 2011
CAPITAL MANAGEMENT
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Annual General Meeting 2011
Capital management• One cent per share fully franked interim dividend
paid May 2011
• Two cents per share fully franked final dividend paid in September 2011
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Annual General Meeting 2011
QUESTIONS
THANK YOU
