S66 1.92% 53.0¢ star combo pharma limited

FY19 is a transformative year for Star Combo. The company is...

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    FY19 is a transformative year for Star Combo. The company is forecasting to be EBITDA profitable for the full year despite ~$1.5m of additional cost base to support future growth in FY20 and beyond.
    Continuing to diversify towards higher margin own brand and online platform sales.

    1H19 Pro-Forma Revenue $20.3m:

    Online Platform 56.1%
    Contract Manufacturing 16.6%
    Retail Sales 15%
    Own Brand Sales 12.3%

    • 5 key brands with over 150 products
    • 3 established distribution channels with a focus on Chinese consumer demand for “Australian Made” products
    • Online – Austoyou.com.au (wholly owned), JDMall, Alibaba
    • China – in-country office, agents and access to over 3,000 pharmacies
    • Domestic – Terry White 450 pharmacy outlets.

    No debt – 1H19 closing net cash of A$7.8m.

    In 2018 the market in China, for vitamins and health supplements, was estimated to be in excess of US$5.2 billion and growing. Chinese consumers view Australian produced products as being of high quality and subject to rigorous regulation and quality control. Hence, the addition of the Austoyou e-commerce platform, which will deliver Australian made supplements direct to the consumer in China, is viewed by the Company as a transformational acquisition that will accelerate growth plans with a significant near term increase in revenue.

    Future acquisitions – looking at further acquisitions of profitable brands in the next year that have:
    • Ability to put through Star Combo existing distribution network to increase sales
    • Ability to manufacture at Star Combo facility to improve margins.

    SOI = 86.5 Million ( Top 5 hold over 85%)

 
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