Accent Group Ltd · ASX:AX1
Accent — Shareholder Meeting (November 2022)
19 slides from Accent's shareholder meeting presentation, Nov 11, 2022
Slide 1: Results Presentation
Results Presentation Year ended 26th June 2022
Slide 2: How to ask a question online
How to ask a question online • To ask a written question select the Q & A icon • Select the topic your question relates to from the drop-down list • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadcast window.
Slide 3: How to vote online
How to vote online • When the poll is open, select the vote icon at the top of the screen Items of Business • To vote, select either For, Against or Abstain 2A Re-elect Mr Sam Sample as a Director FOR AGAINST ABSTAIN • You will see a vote confirmation 2B Re-elect Ms Jane Citizen as a Director • To c
Slide 4: The Board
The Board David Gordon Daniel Agostinelli Chairman Group CEO Accent Group FY2022 AGM Presentation 2
Slide 5: The Board
The Board Brett Blundy Donna Player Joshua Lowcock M ichael Hapgood Stephen Goddard Accent Group FY2022 AGM Presentation 2
Slide 6: The Board
The Board Matthew Durbin – Alethea Lee – Stephen Roche – Group CFOO & Group General Counsel Partner, Deloitte Joint Company & Secretary Joint Company Secretary Accent Group FY2022 AGM Presentation 2
Slide 7: Agenda
Agenda Welcome and Introduction Chairman’s report CEO report Trading update Formal business Accent Group FY2022 AGM Presentation 6
Slide 8: The Accent growth journey
The Accent growth journey 1.3b sales inc Owned sales franchisees ($ Millions) 1,103 968 Demonstrated track record 772 807 of retail sales growth driven 676 by store rollout and new banners FY18 FY19 FY20 FY21 FY22 446 stores 479 stores 524 stores 638 stores 762 stores1 Expansion of omni-channel Cl
Slide 9: The Accent business model
The Accent business model Accent Group’s mission is to be the market leading, digitally integrated retail and distribution business, in the performance lifestyle market for footwear, apparel and accessories across Australia and New Zealand. The Accent Business model Scalable, flexible and defensible
Slide 10: FY22 financial performance
FY22 financial performance Key Metrics $’000’s FY22 FY21 % Change Group Sales (inc. Franchisees) 1,266,557 1,138,239 +11.3% EBITDA 213,565 242,015 (11.8%) EBIT 62,2761 124,905 (50.1%) PBT 46,592 110,999 (58.0%) NPAT 31,464 76,923 (59.1%) Digital Growth 25.7% 48.5% Gross Margin (%) 54.2% 56.1% (190 b
Slide 11: Shareholder value creation
Shareholder value creation Total Shareholder Return1 comparison for Accent and ASX200 (30 June 2012 to 24 June 20222) 1,900% Total Shareholder Return since 30 June 2012: Accent Group: 23.3% 1,500% (Annualised Return) ASX200 Index: 10.7% (Annualised Return) 1,100% 700% +707.5% 300% +176.1% 2012 2013
Slide 12: Accent's sustainability pillars
Accent’s sustainability pillars At Accent we “Make It Happen” Our People Our Responsibilities Our Environment Our people come first We act with integrity We care for our environment Community Reduce & Safety Partnerships Recycle Resources • Committed to providing a safe • Launch of “Stamp your Feet”
Slide 13: Daniel Agostinelli, Group CEO
Daniel Agostinelli Group CEO
Slide 14: Operational highlights
Operational highlights Total Sales (inc Franchises) VIP & Loyalty 9.3 million $1.27 billion Contactable customers +11.3% on FY21 Additional 900,000 contactable customers in FY22 New Stores Vertical Owned Brands Sales 139 >70 million New stores opened 7% of sales New stores performing strongly Digita
Slide 15: Digital
Digital Digital Sales Growth FY20 FY21 FY22 Digital sales grew to $263.8m, +25.7% on FY21 Digital sales contributed to 24.4% of total retail sales1 1. Digital sales and total retail sales include The Athlete’s Foot franchises Key Metrics2 9.3m contactable Average order FY22 FY21 FY22 FY22 customers,
Slide 16: VIP & Loyalty
VIP & Loyalty Accent Group Contactable Customers (Million) 10.0 9.3 8.4 6.8 4.8 3.5 FY18 FY19 FY20 FY21 FY22 Target • 9.3 million contactable customers • Objective is to grow our customer database to 10 million customers • Platypus and Hype Loyalty launched in FY22, in addition to the existing progr
Slide 17: Retail, Wholesale & Vertical Owned Brands
Retail, Wholesale & Vertical Owned Brands Retail Store Network1 • New stores performing strongly 762 812 • Opened 139 new stores 638 68 74 • Momentum and performance across the Glue business continues to 694 564 strengthen, including new stores in these banners FY21 FY22 Target FY23 • Around 50 new
Slide 18: Trading update
Trading update • Update on trade for the first 18 weeks of FY23 • Total Group owned sales YTD are up 52% compared to FY22 • FY23 gross margin % YTD is up 570 bps on FY22 • Trade to date has been above expectations – continuing to focus on driving full price, full margin sales which has resulted in t
Slide 19: Notice and disclaimer
Notice and disclaimer This presentation contains general background information about Accent Group’s current activities and provides additional comment on, and should be read in conjunction with, the FY22 Annual Report and accompanying information released to the market on 19 August 2022. The inform