KMD - Kathmandu

[Sideshow Bob]

Change of name!!

Change of Name to KMD Brands Limited - NZX, New Zealand’s Exchange

CHANGE OF NAME TO KMD BRANDS LIMITED
Kathmandu Holdings Limited (NZX / ASX: KMD) announces that it will undertake a name change to KMD Brands Limited.
The new name will take effect from 16 March 2022. The NZX and ASX ticker will remain as KMD. The ISIN will remain unchanged as NZKMDE0001S3.
An announcement to launch KMD Brands, its purpose and vision, will be made on 16th March 2022.

[porkandpuha]

Tent and camping gear sales must be strong this year after the number that were burnt and damaged in todays shambles?

[stoploss]

Tent and camping gear sales must be strong this year after the number that were burnt and damaged in todays shambles?

You are assuming they were all "paid " for ........

[Sideshow Bob]

KMD changes name to reflect the group’s vision - NZX, New Zealand’s Exchange

Highlights:

• Kathmandu Holdings Limited now trading as KMD Brands
Limited
• Refreshed corporate strategy and identity to drive KMD
Brands into the next phase of its growth
• ASX / NZX tickers remain unchanged as ‘KMD’

Leading global outdoor, lifestyle and sports company, KMD Brands Limited (ASX: KMD, ‘KMD’ or the ‘Company’), today begins trading under its new name ‘KMD Brands’ (formerly Kathmandu Holdings) as it executes the rollout of its refreshed corporate strategy and group vision.

Refreshed corporate strategy
The new parent company name and refreshed strategy brings KMD’s brands together under an overarching corporate identity, harnessing the Company’s evolution over the past 35 years.

The corporate strategy consists of four key pillars - building global brands, elevating digital, leveraging operational excellence, and showcasing leadership in ESG – which are designed to support KMD’s growth as a brand-led global multi-channel business.
Since the acquisition of Oboz and Rip Curl, the Company has been looking to distinguish the holding company from the Kathmandu brand. The change to KMD Brands is an outward sign of the transformation that has occurred within the group in recent years and its future strategy, while still acknowledging its history.

KMD Brands Group CEO, Michael Daly said:
“We are building global brands, including growing Rip Curl in North America, and making it the pre-eminent surf brand in Australasia. We are launching Kathmandu into North America and Europe highlighting its Australasian heritage and harnessing the specialist leadership and values that Oboz is known for in North America to grow into Australasia and then Europe.”

A focus on improving digital execution by investing in whole-of-group platforms that support unified customer experience and commerce operations is a key feature of the KMD Brands’ strategy. This is supported by the launch of new and improved loyalty programs to allow personalised communications.

Operational excellence programmes that accelerate cross-brand opportunities through optimising the supply chain, harnessing core-system upgrades and product innovation enable each brand’s products to lead in their respective categories.
By extending Kathmandu’s B Corp accreditation to Rip Curl and Oboz and setting Science Based Targets aligned with the Paris Climate Agreement, KMD Brands will strengthen its ESG leadership position in the sector globally.

Michael Daly said:
“Our new company name, KMD Brands, heralds an exciting time for the group as we evolve into a leading family of global outdoor brands that are renowned for quality, innovation and sustainability.”

New Purpose and Vision

As part of the change of Company name, a new purpose and vision statement for the group has been established. KMD’s vision is to be the leading family of global outdoor brands – designed for purpose, driven by innovation, best for people and planet. As the parent company, KMD brings vision and strategic guidance to enable group synergies and to create more than the sum of the parts of its individual brands.

Michael Daly said:
“Our purpose is to inspire people to explore and love the outdoors. All our brands are focussed on supporting, enhancing and encouraging activities for the outdoor consumer.”

The Company has also developed a new logo for KMD Brands and designed creative assets which will feature across its investor website and investor presentation materials, including textured designs representing the sky, land and sea.
ENDS

[BlackPeter]

2 years ago the breakdown of tourism was pretty bad for Kathmandu ... less people to buy and use all this amazing outdoor gear.

Just wondering whether the return of tourism will have the opposite effect?

Obviously - the views of market analysts have just entertainment value unless we agree with them, but still - the three market analysts on market screener call KMD a "BUY" with a target price of $1.67 ... and Share Clarities DCF is $1.89; Backward PE is 7.7 and forward PE is 11.8 (though EPS per share dropped - has something to do with the Cap Rise at the start of Covid).

Dividend yield at the moment 4.7% and divi well might rise ... should be enough compensation to wait for the positive effects of tourism kicking in.

[Waltzing]

big surf week in the BOP going right through to sunday 3 to 5 foot.

just missing those tourist seeking sun and surf.

rip curl surfing gear still in fashion.

[Habits]

KMD Brands Limited

Announcement

as at 09:34:04, Wednesday 23 March, 2022 (NZDT)

1H FY2022 Interim Results

KMD
23/03/2022 09:34
HALFYR
PRICE SENSITIVE
REL: 0934 HRS KMD Brands Limited

HALFYR: KMD: 1H FY2022 Interim Results

KMD Brands Limited
ASX / NZX / Media Announcement
23 March 2022

(All amounts in NZ$ unless otherwise stated)

Strategic initiatives position KMD Brands for return to global growth

Leading global outdoor, lifestyle and sports company, KMD Brands Limited (ASX
/ NZX: KMD, 'KMD' or the 'Company'), is pleased to announce its results for
the six months ended 31 January 2022 (1H FY22).

1H FY22 key highlights (vs 1H FY21):
o Sales of $407.3 million (1H FY21: $410.7 million)
- - positive Q2 rebound following Q1 COVID lockdown impacts on Kathmandu and
Rip Curl in Australasia
- - Oboz impacted by COVID closure of Vietnam factories (now reopened)
o Gross margin of 57.7% (1H FY21: 59.0%), due to elevated international
freight costs, and increased clearance mix for the Kathmandu brand
o Underlying EBITDA of $10.2 million (1H FY21: $48.2 million) (excluding the
impact of IFRS 16)
o Statutory NPAT loss of $(5.5) million
o Strong balance sheet with $48.6 million net debt and comfortably within all
covenants; significant funding headroom of c.$250 million
o Interim dividend increased by 50% to 3.0 cents per share (fully franked for
Australian shareholders)

Commenting on the 1H FY22 results, Group CEO & Managing Director Michael Daly
said:
"We continued to deliver on our strategic objectives, positioning KMD Brands
for growth as travel rebounds globally and COVID-related impacts on supply
abate. We maintained a strong focus on building our global brands,
sponsoring the first ever World Surf League finals, with the men's event won
by a Rip Curl surfer. We opened twelve new owned / licensed retail stores
globally, and online sales increased to 17.4% of direct-to-consumer sales,
rewarding initiatives to elevate digital capabilities. Substantial progress
was also achieved on our ESG strategy."

"Rip Curl delivered sales growth of 2.7% over the half, with strong sales
growth in online and wholesale channels, underpinned by strong performance in
Europe and Hawaii in particular, while North America was impacted by
short-term wetsuit shortages and port congestion. Rip Curl returned to same
store sales growth in Q2, as lockdown restrictions lifted and the business
rebounded."

"The Kathmandu Australasian store network was more impacted by COVID closures
in Q1 than the Rip Curl global store network, before recovering strongly in
Q2. While Kathmandu continued to feel the impacts of COVID related travel
restrictions, we were pleased to see a 46.4% increase in online sales, and
the business is well positioned to grow internationally, with the Europe Fall
/ Winter 22 sell-in complete, and forward orders in line with expectations."

"Oboz was impacted by the closure of Vietnam supplier factories due to COVID
lockdowns, with approximately half of 1H FY22 orders unable to be fulfilled.
However, the demand for the Oboz brand and products has never been stronger,
with forward orders into FY23 very strong and supporting our medium-term
growth targets."

"Our rebranding to KMD Brands earlier this month reflects our purpose to
inspire people to explore and love the outdoors, with a vision of being the
leading family of global outdoor brands - designed for purpose, driven by
innovation, best for people and planet. It is with this ethos in mind that we
look to develop our portfolio of global brands, underpinned by investments
that deliver a world-class unified commerce experience, and our commitment to
operational excellence and leadership in ESG."

The following are attached in relation to KMD Brands Limited's Interim Result
for the period to 31 January 2022:
1. Results Announcement
2. Media Announcement
3. Interim Financial Statements for the six months ended 31 January 2022 and
the Independent Auditors Review Report
4. Investors Presentation
5. Distribution Notice

Investor briefing

An investor call will be hosted by Michael Daly (Group CEO) and Chris Kinraid
(Group CFO) at 8.30am AEDT / 10:30am NZDT today,
Wednesday 23 March 2022. For those wishing to participate, please dial one of
the numbers below and provide the conference ID to the operator:

Australia Toll Free: 1800 590 693
Australia Local: +61 3 8317 0929
New Zealand Toll Free: 0800 423 972
United States: 800 289 0459

Conference ID: 177616

- ENDS -

For further information, please contact:

Investors
Eric Kuret
Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au

Media
Helen McCombie
Citadel-MAGNUS
P: + 61 2 8234 0103
End CA:00389338 For:KMD Type:HALFYR Time:2022-03-23 09:34:07



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[Habits]

Been a tough six months. Directors have nonetheless increased the dividend by 50 percent to 3cps

[Waltzing]

obviously feel this coming year FY23 is going to see them back in profit.

[BlackPeter]

Been a tough six months. Directors have nonetheless increased the dividend by 50 percent to 3cps

Hmm - $5.5m loss. Thank God for RipCurl - only remaining uint still making some money (though less than 1HY 21).

Never mind ... second half will be much better!