JS Global Reports Interim Financial Results for the Six Months Ended June 30, 2022

Revenue Increased on a Constant Currency Basis as a Result of Successful Management Through Dynamic Operating Environment

Successfully Grew Market Share in Every Major Category in Which SharkNinja Operates in the U.S.

HONG KONG, Aug. 29, 2022 /PRNewswire/ — JS Global Lifestyle Company Limited (Stock code: 1691.HK) (“JS Global” or the “Company”), a world-leading producer of small family home equipment that operates three main manufacturers: Shark, Ninja and Joyoung, immediately reported its interim monetary outcomes for the six months ended June 30, 2022.

“I am pleased to report that we maintained our level of revenue while navigating challenging macroeconomic conditions and after seeing tremendous growth in 2021 and 2020,” mentioned Wang Xuning, Chairman and Chief Executive Officer of JS Global. “Despite global headwinds, we were able to grow market share in every major category in which SharkNinja operates in the U.S. The successful launch of new categories in the second half of 2021 also contributed meaningfully to our revenue during the first half of 2022. Innovation is at the core of who we are at JS Global. I am thrilled at what is to come as we remain focused on our long-term objectives while adhering closely to our proven strategy.”

2022 Interim Financial Results and Commentary

• Revenue was US$2,232.2 million for the six months ended June 30, 2022, flat in comparison with the similar interval in the prior yr. On a continuing forex foundation, income elevated by 0.8%.
  
  – SharkNinja’s income was US$1,593.2 million for the six months ended June 30, 2022, flat in comparison with the similar interval in the prior yr. On a continuing forex foundation, income elevated by 1.2%.
  
  – Joyoung’s income was US$639.0 million for the six months ended June 30, 2022, a slight lower of 0.6% versus the similar interval in the prior yr. On a continuing forex foundation, income decreased by 0.3%.
• Profit was US$180.9 million for the six months ended June 30, 2022, a lower of US$36.7 million, or 16.9% versus the similar interval in the prior yr.
• EBITDA was US$302.2 million for the six months ended June 30, 2022, a lower of US$34.0 million, or 10.1% versus the similar interval in the prior yr.
• Adjusted EBITDA was US$318.4 million for the six months ended June 30, 2022, a lower of US$32.1 million, or 9.2% versus the similar interval in the prior yr.
• Adjusted web revenue attributed to homeowners of the mother or father was US$188.9 million for the six months ended June 30, 2022, a lower of US$26.1 million, or 12.1% versus the similar interval in the prior yr.
• Basic EPS attributable to peculiar fairness holders to the mother or father was US$0.048 for the six months ended June 30, 2022, a lower of US$0.009, or 15.9 versus the similar interval in the prior yr.
• Diluted EPS attributable to peculiar fairness holders to the mother or father was US$0.048 for the six months ended June 30, 2022, a lower of US$0.009, or 15.8% versus the similar interval in the prior yr.

Recent Business Highlights

• JS Global’s income has grown by 80.6% in comparison with the first half of 2019 led by the continued success and growth of the Shark and Ninja manufacturers, in addition to gross revenue progress of 86.6% in comparison with the first half of 2019.
• Shark model stays the #1 vacuum model in the U.S., whereas Ninja model continues to be the #1 model in small kitchen home equipment in the U.S.. Our market share inside cleansing home equipment grew from 30.8% to 34.4%^[1], cooking home equipment from 25.2% to 25.4%^[2], and meals preparation home equipment from 32.5% to 35.2%^[3] in the U.S..

Balance Sheet and Cash Flow Highlights

• As of June 30, 2022, money and money equivalents had been US$550.9 million, excellent debt (whole borrowings) was US$975.2 million, and gearing ratio (calculated as the whole debt (together with interest- bearing financial institution borrowings and lease liabilities) divided by whole fairness) was 54.5%.
• Capital expenditures had been US$69.4 million for the six months ended June 30, 2022 in comparison with US$53.9 million in the similar interval in the prior yr.
• JS Global had 3,408,381,000 absolutely diluted shares excellent as of June 30, 2022.

Conference Call and Webcast Information

• The video presentation and accompanying slide presentation have been posted to the Events part of JS Global’s Investor Relations web site at https://www.jsgl.com/en/investor/register.html.
• Interim outcomes announcement: https://www.jsgl.com/en/investor/notice.html
• August 29, 2022 at 9:40 p.m. ET / August 30, 2022, at 9:40 a.m. HKT: JS Global administration will host a reside Q&A audio webcast which might be posted to the Events part of JS Global’s Investor Relations web site at https://www.jsgl.com/en/investor/register.html. Those who want to ask a query throughout the reside name can dial-in utilizing the info beneath.
• The video presentation and the reside Q&A might be in each English and Mandarin and also will be archived and out there for replay.
• You can watch the video presentation through webcast on August 29, 2022 at 9:00 p.m. ET / August 30, 2022, at 9:00 a.m. HKT at https://www.jsgl.com/en/investor/register.html; please refresh the web page on August 29, 2022 at 9:40 p.m. ET / August 30, 2022, at 9:40 a.m. HKT earlier than getting into the Q&A session. You can ask questions in the “question area” of the web page or by dialing in utilizing the info beneath.

Those all for asking a query throughout the reside Q&A audio webcast can dial in:

• United States dial-in: 1 866 213 0992/1 866 226 1406
• Mainland China dial-in: 4008 428 338/4006 786 766
• Hong Kong dial-in: +852 2112 1888
• Singapore dial-in: 800 492 2081
• United Kingdom dial-in: 0800 032 2849
• English Passcode: 8323130#
• Mandarin Passcode: 8027130#

After becoming a member of the convention name, individuals can press *1 to lift hand to ask a query. Both English and Mandarin questions might be accepted.

About JS Global

JS Global Lifestyle Company Limited (Stock code: 1691.HK) is a world main producer of small family home equipment. It ranks fourth globally in the small family equipment business and third amongst small family appliance-focused firms.^[4] It primarily operates three main manufacturers: Shark, Ninja and Joyoung. The Company’s success is centered round its deep understanding of shopper wants, and is constructed on its sturdy product innovation and design functionality powered by a world analysis and growth platform, advertising and marketing strengths driving excessive model engagement, and an omni-channel distribution protection with excessive penetration.

About SharkNinja

SharkNinja is an innovation chief in the housewares business and creator of the acquainted family manufacturers Shark® and Ninja®. SharkNinja supplies the newest in easy-to-use modern expertise with a rising line of options that encompass Shark cleansing and residential care merchandise and Ninja kitchen home equipment. Products are bought at main retailers and thru distributors round the world. Ninja and Shark are registered logos of SharkNinja Operating LLC. SharkNinja is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK) a frontrunner in small family equipment innovation.

About Joyoung

Joyoung (Stock code: 002242.SZ) is SharkNinja’s sister model and has turn out to be a well known small family electrical equipment enterprise and one in every of the market share leaders in China. Joyoung invented the first soymilk maker in China and intently join the idea to plant-based options. With 28 years of expertise and over 10,000 patented applied sciences, Joyoung focuses on the analysis and growth, design, manufacturing, and sale of its modern product classes together with small family home equipment, primarily specializing in kitchen. Joyoung is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK) a frontrunner in small family equipment innovation.

Media

Edmond Lococo, Managing Director, ICR Inc.

[email protected]

Company Contacts

Venus Zhao, Head of Investor Relations, Public Relations and Compliance, JS Global Lifestyle

[email protected]

Adam Quigley, VP of Finance at SharkNinja

[email protected]

Investor Relations

[email protected]

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