BEACON LIGHTING GROUP LIMITED — Earnings Release 2014

Aug 21, 2014

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Results Announcement

22[nd] August 2014

Record Sales and Profit Result

Beacon Lighting Group Limited announces FY2014 full year results:

• Sales up 13.1% to record result of $150.3m

• EBITDA up 20.9% to $20.1m

• NPAT up 24.8% to $11.8m

	FY2013 (1) $’000	FY2014 $’000	Change $’000	Change %
Sales	132,932	150,338	17,406	13.1%
Gross Profit	85,599	96,660	11,061	12.9%
EBITDA	16,615	20,086	3,471	20.9%
NPAT	9,456	11,797	2,341	24.8%

1. Based on the 52 week FY2013 Pro Forma Historical result in the Prospectus dated 12 March 2014

Beacon Lighting Group Limited (“the Company”) (ASX:BLX) today announced a Net Profit After Tax (NPAT) result of $11.8m for the 52 weeks ending 29 June 2014, an increase of $2.3m or 24.8% ahead of the 52 comparable weeks last year and ahead of the Prospectus forecast NPAT of $11.5m. Throughout FY2014, the Company has continued to trade strongly with solid comparative sales and record profit results.

Sales increased by 13.1% to $150.3m as a result of new store openings, comparative company store sales growth, wholesale sales to franchise stores and the combined sales of Beacon Lighting Commercial Division and emerging businesses. Key to the FY2014 total sales increase was the company store comparative sales growth of 5.7%.

The gross profit margins in FY2014 were consistent with the gross profit margins in FY2013 through effective management of retail prices and the introduction of new technically advanced and fashion orientated lighting, ceiling fans and globes. Operating expenses (excluding depreciation and amortisation) were well managed, falling 0.73% of sales.

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The Company continues to manage a conservative Balance Sheet. The Directors have declared a dividend of 1.4 cents per share fully franked for the half year ended 29 June 2014 in line with the Prospectus forecast.

Store Growth

Beacon Lighting opened 6 new stores, purchased the Taren Point (NSW) franchised store, relocated an existing store and merged one commercial sales office back into the retail network. The new stores that opened in FY2014 were Baldivis (WA), Kawana (QLD), McGraths Hill (NSW), Noarlunga (SA), Toowoomba (QLD) and Bendigo (VIC).

Outlook

Looking forward to FY2015, Beacon Lighting key growth strategies remain consistent. These include new store rollouts, optimising the store portfolio and operations, introducing new product ranges and leveraging new technology and fashion in lighting, ceiling fans and globes to be first to market. The company aims to enhance our online activities, leverage existing capabilities, actively look at acquisitions, support our emerging business and generate efficiency gains to ensure continued growth.

Beacon Lighting is looking forward to another successful year in FY2015.

FY2014 Results Teleconference Invite

You are invited to join Chief Executive Officer, Glen Robinson for a presentation of the FY2014 result on Friday 22 August 2014 at 11:00 am. The presentation will be followed by an opportunity to ask questions.

Conference Numbers: Australia Toll Free: 1800 186 375 International: +61 3 8788 7709

For further information please contact:

Glen Robinson or David Speirs Chief Executive Officer Chief Financial Officer Ph: 03 9368 1000 Ph: 03 8561 1555

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