Annual General Meeting
22 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
Agenda
•
•
•
•
•
•
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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
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Annual General Meeting 2011
Item 1: 2011 Financial Report
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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Annual General Meeting 2011
Item 2: Adoption of Remuneration Report
“To adopt the Remuneration Report for the year ended 30 June
2011.”
Proxy Results
For
Against
Open
Total
Abstain
282,000
33,250
-
315,250
30,000
89.45%
10.55%
0.00%
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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.”
Proxy Results
For
Against
Open
Total
Abstain
282,000
13,250
20,000
315,250
30,000
89.46%
4.20%
6.34%
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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
Sales +34.4%
NPAT +35.6%
385.2m
+35.6%
+34.4%
268.2m
+24.2%
FY09
6.1m
(Net Profit after Tax)
4.5m
286.7m
3.8m
+7.4%
+18.3%
+1.8%
FY10
FY11
FY09
FY10
FY11
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Annual General Meeting 2011
FINANCIAL HIGHLIGHTS
$ million
FY2011
FY2010
Change
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
-
Sales revenue
Note:
1) Excludes IPO expenses and non-cash losses on sold property
2) Based on declared and paid dividends since IPO
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Annual General Meeting 2011
Strong Financial Performance
Key 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 TRADING
2012 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
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