The Reject Shop Limited Presents at Australia Conference, May-01-2013 . Venue: Hilton Hotel Sydney, Sydney, Australia.

The Reject Shop Limited reported earnings results for the first half of 2013. For the period, the company's sales were AUD 327.5 million against AUD 292.8 million a year ago. EBITDA was AUD 36.1 million against AUD 31.0 million a year ago. EBIT was AUD 29.4 million against AUD 25.3 million a year ago. NPAT was AUD 20.1 million against AUD 16.6 million a year ago. Gross cash flow was AUD 30.4 million against AUD 27.1 million a year ago. Net capital expenditure was AUD 12.1 million against AUD 8.7 million a year ago. Net debt was AUD 4.6 million against AUD 8.8 million a year ago. The directors have declared a fully franked interim dividend of 24.0 cents per share based upon a dividend payout ratio of 50% of full year projected earnings. The record date for the payment of the interim dividend is March 27, 2013 with a payment date of April 15, 2013. The company plans 10 more stores to open prior to Easter, with further stores planned after Easter. For the second half 2013, the company expects to deliver continuing growth in sales and a solid baseline profit growth overall from existing stores. However, the opening costs of the new stores in the second half will outweigh the profit contribution of these additional stores in this half, however they will provide a significantly higher store base to start full year 2014.

The Reject Shop Limited, H1 2013 Earnings Call, Feb 20, 2013