Hamilton Beach 2014 Annual Report Download - page 3

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HBB:
• Strong heritage brands with leading
market shares
• Strong relationships with leading
retailers
• Highly professional and experienced
management team
• Successful track record of product
line expansion and new product
innovation
• Industry-leading working capital
management
Kitchen Collection:
• Highly analytical merchandising skills
and disciplined operating controls
• A leading Kitchen Collection®store
format in outlet malls
Competitive Advantages Financial Objectives
HBB:
Achieve $750 million in
sales and a minimum
operating profit margin
target of 10 percent
Kitchen Collection:
Achieve a minimum
operating profit margin
target of 5 percent
Strategic Initiatives
Kitchen Collection:
• Create a solid core store portfolio and increase
comparable store sales
– Enhance sales volume and profitability through
refinement of store formats and specific product
offerings
– Improve inventory efficiency and store inventory
controls
– Selectively increase the number of Kitchen
Collection®stores in strong outlet malls in
well-positioned locations
HBB:
• Enhance placements in the North American consumer
business
• Achieve a leadership position in internet sales by
providing best-in-class retailer support and increased
consumer content and engagement
• Enter the “only-the-best” market with strong brands
and broad product line
• Expand internationally in emerging Asian and Latin
American markets
• Achieve further penetration of the global Commercial
market through an enhanced global product line
NACoal:
• Coal mines provide steady income and
cash flow before financing activities
• Steam coal contracts are structured to
minimize exposure to market fluctua-
tions of coal prices
• 2.0 billion tons of lignite coal reserves,
of which approximately 1.1 billion tons
are committed to current customers
• Outstanding operational and techno-
logical mining skills
• Highly efficient heavy equipment
utilization
• Excellent record of environmental
responsibility and employee safety
NACoal:
Earn a minimum return
on capital employed of
13 percent, attain positive
Economic Value Income
from all existing consoli-
dated mining operations
and any new projects,
maintain or increase the
profitability of all existing
unconsolidated mining
operations and achieve
substantial income growth
from development of new
mining ventures
NACoal:
• Actively pursue domestic opportunities for new
coal mining projects
• Expand capabilities in the non-coal mining market
NACCO Industries, Inc. is an operating holding company with subsidiaries in the following principal
industries: mining, small appliances and specialty retail.