Comprehensive Analysis: Myer's Financial Report, Share Price Trends

This presentation provides an analysis of Myer's financial performance, focusing on its financial report, share price, and first-half 2018 results. It highlights key findings from the annual report, including cost maintenance strategies and investments in customer service and online business. The analysis reveals a 3.6% reduction in total sales and a decline in OGP margin, attributed to poor trading periods and increased shrinkage costs. Despite these challenges, Myer remains within its financial agreements and has announced refinancing plans. The presentation concludes that while there are areas of concern, Myer is taking steps to address its financial performance. Desklib provides more solved assignments and study resources for students.

S C H O L A R I D
Business Communication

Introduction
Myer is largest full line department store
group which has more than 60 stores in best
areas of Australia.
This presentation discusses the financial
report and presents the findings of annual
report of Myer.
It also demonstrates the share price of Myer.
This presentation also depicts the Myer first
half 2018 results.

Financial report
Financial report is official record of financial
activities that shows position of individual,
business entity and businesses. Hence,
financial information should be presented in
structured way and should be demonstrated
in a comprehensible way.

MYR Share Price Chart

findings of the report
Annual report of corporate announcement to
shareholders and other stakeholders
Myer holding Limited announces to maintain costs
by focusing on declining occupancy expenses.
It also make investment in customer services with
online business. Myer also announces to focus on
portfolio relating to occupancy expenses, space
productivity, capital investment and lease tenure.
Management announces number of benefits
regarding procurement.

Cont…
2017 annual report of MYER

MYER FIRST HALF 2018 RESULTS
Total sales reduced by 3.6% to $1,719.7 million and
revenues on a comparable store basis reduced by
3.0%.
The outcome was bad due to particular poor trading
period in January (Morning star, 2018).
OGP margin reduced by 73 basis points to 37.53 %.
It has declined the contribution of suppliers and
decline the recovery period. Shrinkage costs are
higher with strength of online business leads the
negative mix impact
 Net finance expenses declined by $0.8 million to
$4.7 million.

Cont…
Earning per share, individually significant item
and pre-implementation expenses was 4.9
percent in 1H2018 as compared to 7.7 percent
per share in 1H2017.
Net debt was $27.9 million at the end of period
that was higher as compared to last year
resulting in a net debt position of $19.9 million
with existing liquidity of $400 million
(Investsmart, 2018).
Cash capex was $54.5 million as compared to
$59.0 million in the former equivalent time.

Conclusion
From the above interpretation, it can be
concluded that Myer remains within all
financial agreement. It can be also
summarized that in spite of expiring existing
syndicated facility, company has announced
to provide the refinancing as per the future
debt requirement of Myer.

References
Investsmart (2018). MYR Share Price Chart.
Retrieved from:
https://www.investsmart.com.au/shares/asx-m
yr/myer-holdings-limited
 Morningstar (2018). Myer First Half 2018
Results. Retrieved from:
http://www.aspecthuntley.com.au/asxdata/201
80321/pdf/01963952.pdf