investment statement for - Pumpkin Patch investor relations

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warehousing and distributionPumpkin Patch operates a 13,395m 2 distribution centre attached to its head office in EastTamaki, Auckland. The distribution centre serves as the global warehouse for all of PumpkinPatch’s stores and sales.The distribution centre receives substantially all manufacturedgarments and product ranges and is responsible for the daily dispatch of the products to itsstores in New Zealand, Australia and the United Kingdom, to its international wholesalecustomers and to fill its internet and catalogue orders. The distribution centre receives, picks,packs and distributes approximately 70,000 garments per day. Existing facilities are expected tobe sufficient for the foreseeable future.The distribution centre employs around 70 staff.It utilises a paperless management systemwhich enables Pumpkin Patch to receive daily sales information from each Pumpkin Patchstore, individual catalogue purchases and internet sales. These are then usually dispatched thefollowing day. The management system also allows packages that are sent internationally fromthe distribution centre to be tracked and electronically processed through various countries’customs departments.The distribution centre is capable of handling over 30,000 SKUs (discrete lines of stock) in anygiven period enabling the Southern and Northern hemispheres to be serviced simultaneouslydespite differing seasons and ranges.The distribution centre was leased in August 1999 for an initial term of 10 years with rights ofrenewal for a further 15 years. To provide for future development of the distribution centre,should the need arise, Pumpkin Patch has acquired approximately 20,300m 2 of undevelopedland surrounding its East Tamaki site.30
fashion created for kidssales and marketingPumpkin Patch’s sales are forecast to reach $213.5 million in the 2004 financial year, a forecast increase of more than 42% over the 2001 proforma financial year. This consistent and strong sales growth is expected to result from the Company using a range of sales channelsincluding:• Pumpkin Patch retail stores;• International wholesaling;- Department stores;- Pumpkin Patch branded stores owned by third parties; and• Catalogue and Internet.Forecast FY04 Unit Sales CompositionRetail Aust64%Direct NZ / Aust 3%Wholesale NZ / Aust 2%Wholesale EU 1%Wholesale USA 2%Retail UK 7%Retail NZ21%31
Page 1: Lead ManagerGoldman Sachs JBWere (N
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Page 6 and 7: fashion created for kidsPumpkin Pat
Page 8 and 9: chairman’s letterDear InvestorOn
Page 11 and 12: summary of share offeroffer descrip
Page 13 and 14: application for sharesAdditional in
Page 15 and 16: shareholding structureOn the Alloca
Page 17 and 18: directorsGreg MuirExecutive Chairma
Page 19 and 20: senior managementMike ArandGeneral
Page 21 and 22: investment overviewstrong Australas
Page 23 and 24: financial informationThe financial
Page 25 and 26: unaudited results for February 2004
Page 27 and 28: Cost of SalesForecast Cost of Sales
Page 29 and 30: Pumpkin Patch... the brandFounded i
Page 31: Pumpkin Patch’s innovative design
Page 35 and 36: wholesale salesPumpkin Patch has id
Page 37 and 38: Pumpkin Patch... our peoplePumpkin
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Page 43 and 44: Tax implications on returnsThis sum
Page 45 and 46: fashion created for kidsKey Personn
Page 47 and 48: consequences ofinsolvency and/orwin
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Page 53 and 54: Clauses 1(4) and 13(a)(iii) of Sche
Page 56 and 57: summary of option offer... employee
Page 58 and 59: application instructions for option
Page 60 and 61: fashion created for kidsNZXOpening
Page 62 and 63: how to applyYou should read this Of

investment statement for - Pumpkin Patch investor relations

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