Foschini Group Limited · JSE:TFG
Foschini — The Foschini Group — FY2020 Earnings Presentation
80 slides from Foschini's earnings presentation, Jun 18, 2020
Slide 1: Results Presentation for the Full Year Ended 31 March 2020
20 RESULTS 20 PRESENTATION FOR THE FULL YEAR ENDED 31 MARCH 2020
Slide 2: Agenda
INTRODUCTION 01. by Anthony Thunström OPERATIONAL PERFORMANCE & IMPACT OF COVID-19 02. by Anthony Thunström 03. RESILIENT BUSINESS MODEL & STRATEGY Anthony Thunström by Anthony Thunström Chief Executive Officer FY20 PERFORMANCE 04. by Bongiwe Ntuli Bongiwe Ntuli FINANCIAL POSITION Chief Financial Of
Slide 3: Introduction
01. INTRODUCTION Anthony Thunström 3 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 4: Overview
Pre-COVID-19 OVERVIEW FY2020 • Resilient financial performance up to end of February 2020 11 months to Feb 20 React and protect • Decisive actions taken to respond to COVID-19 to protect staff, customers and the business March and April • Minimise cash outflows and protect liquidity COVID-19 • c.80%
Slide 5: Decisive Action Taken to Respond to COVID-19
DECISIVE ACTION TAKEN TO RESPOND TO COVID-19 React, protect and restore Various measures implemented to conserve cash and reduce expenditure Targeted cash savings of up to c.R6bn – with ability to flex depending on trading performance Targeted reduction in operating expenses of c.R1bn Inventor
Slide 6: Decisive Action Taken to Respond to COVID-19
DECISIVE ACTION TAKEN TO RESPOND TO COVID-19 React, protect and restore Financial response Paused all discretionary capex 62% of expansion capex has either been paused, delayed, deferred or cancelled in areas such as information technology, store refurbishment, logistics and services Strengthe
Slide 7: Continued Focus on Capital Allocation
CONTINUED FOCUS ON CAPITAL ALLOCATION Ensuring a robust balance sheet, whilst insulating against shock Proposed rights offer targeting gross proceeds of up to R3,95 billion to de-gear and position TFG to capitalise on the re-opening of the economy • Rights offer subject to shareholder approval I
Slide 8: Operational Performance & Impact of COVID-19
02. OPERATIONAL PERFORMANCE & IMPACT OF COVID-19 Anthony Thunström 8 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 9: Salient Features
SALIENT FEATURES: Strong performance prior to COVID-19 impact in March R GROUP GROSS HEPS FREE CASH NET DEBT TURNOVER MARGIN FLOW (pre-IFRS 16) +3,6% 52,7% -1,1% 92,2% of NPAT +3,2% 2019: R2,3 R35 billion 1 174,4c R8,4 billion 53,6% billion 9 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH
Slide 10: Turnover Performance
TURNOVER PERFORMANCE: COVID-19 impact in March +3,6% +5,5% -22,6% Strong contribution of Turnover growth 11 months to 1 month to cash sales to total to R35 billion Feb 20 (y-o-y) Mar 20 (y-o-y) retail turnover c.R600m COVID-19 26% 28% impact on turnover (1,6% of revenue) FY20 FY19 74% 72% Cash Credi
Slide 11: Lockdown Impact on Turnover
COVID-19 STORE CLOSURES: LOCKDOWN IMPACT ON TURNOVER STORE CLOSURE DATES STORE RE-OPENING DATES United Kingdom: 23 March United Kingdom: 15 June South Africa: 1 May South Africa: 26 March (phased re-opening) Australia: 27 March Australia: 1 May (phased re-opening) 11 TFG RESULTS PRESENTATION FOR THE
Slide 12: Resilient Business Model & Strategy
03. RESILIENT BUSINESS MODEL & STRATEGY Anthony Thunström 12 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 13: The Strategy Is Right and Yielding the Desired Outcome
THE STRATEGY IS RIGHT AND YIELDING THE DESIRED OUTCOME DIGITAL TRANSFORMATION LEADERSHIP AND MANAGEMENT TEAMS: E-COMMERCE MARKET exceeded expectation in SHARE leading the group through NEW BRANDS AND BRANDS this challenge REPOSITIONING LOCAL MANUFACTURING GROUP SOURCING 13 BUSINESS OPTIMISATION TFG
Slide 14: Digital Transformation
DIGITAL TRANSFORMATION Continued to yield results in FY2020 GROWTH PROJECTS IMPLEMENTED PROJECTS INITIATED AND CONTINUED ‘TFG on the go’ app ROLL-OUTS myWedding website on myTFGworld RFID 80% ‘TFG Learn’ e-learning platform OneStock 60% OneX and Mobile POS 20% Workforce Management (WFM
Slide 15: TFG Africa E-Commerce
TFG AFRICA E-COMMERCE Impressive growth continues in FY2020 GROWTH 1,6% TFG Africa e-commerce turnover contribution to of turnover total TFG Africa turnover FY2025 target 10% 0,4% of turnover 53% FY2020 4-year CAGR 1,6% 2016 2017 2018 2019 2020 FY2016 TFG Africa e-commerce turnover 0,4% 15 TFG RESUL
Slide 16: Share of Customer Traffic
SHARE OF CUSTOMER TRAFFIC (incl. Website & app) - Bricks and mortar retailers GROWTH TRUWORTHS EDGARS SPORTSMANS WAREHOUSE DISCHEM COTTON ON 8% 6% 3% 3% OTHER 8% 3% MR PRICE 9% Most visited Lifestyle 15% 28% TFG Destination CLICKS in 17% South Africa WOOLWORTHS Source: SimilarWeb – April 2019-March
Slide 17: Local Manufacturing
LOCAL MANUFACTURING: FY20 performance strengthens competitive advantage PROFIT QR % to TFG Africa apparel TFG QR advantage over longer leadtimes units 34% 35% +8% Employment provided -59 +4% Inventory days Clearance Investment in local 15% 21% advantage advantage R50m supplier development Capital in
Slide 18: FY20 Performance
04. FY20 PERFORMANCE Bongiwe Ntuli 18 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 19: Performance at a Glance
PERFORMANCE AT A GLANCE Effective cost control evident in reduced expense ratio Financial performance Financial position YTD YTD YTD YTD YTD YTD March 2020 Feb 2020 March 2019 March 2020 Feb 2020 March 2019 Turnover growth 3,6% 5,5% 19,6% ROCE 13,3% - 15,1% Gross margin 52,7% 53,4% 53,6% Debt-to-equ
Slide 20: Revenue Breakdown
REVENUE BREAKDOWN: Retail turnover remains key driver +3,6% Retail turnover FY 2020 performance 92% FY 2020 contribution to -0,2% Interest income revenue 4% 4% +10,4% Other income 20 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 21: Turnover Drivers
TURNOVER DRIVERS: Good performers GEOGRAPHY TENDER TFG TFG TFG CASH CASH CREDIT Impact of COVID-19 on March turnover growths Africa London Australia (Group) (TFG Africa) (Group & TFG Africa) YTD 12 YTD 12 MONTHS +3,3% -4,5% +9,6% MONTHS +5,9% +7,7% -2,5% YTD 11 YTD 11 MONTHS +4,8% -0,8% +13,0% MONTH
Slide 22: Turnover & Gross Margin
TURNOVER & GROSS MARGIN TFG Africa TFG London TFG Australia Group Turnover +3,3% -4,5% +9,6% 3,6% Retail turnover of Retail turnover of Retail turnover of Retail turnover of R22.5bn £390m A$542m R35bn Product Mix QR Response Inventory Model margin 59,3% 65,4% 52,7% Gross 47,5% (March 2019: (March 20
Slide 23: Financial Position
05. FINANCIAL POSITION Bongiwe Ntuli 23 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 24: Solid Financial Position
SOLID FINANCIAL POSITION TFG Africa Inventory Days 191 ROCE 183 R8,4bn 173 GROUP TFG AFRICA Group 15,3% 21,6% MARCH 2020 FY2018 FY2019 FY2020 Inventory Pre-IFRS 16 TFG Africa • +4,3% compared to March 2019 17,3% 24,2% MARCH 2019 R7,8bn • Allowance for impairment as % of debtors’ book increased to 20
Slide 25: Continued Improvement in Debt to Equity
CONTINUED IMPROVEMENT IN DEBT TO EQUITY Ratio dropping to 52,4% EBITDA to Net debt to Debt to EBITDA equity Debt to Equity ratio finance costs 70% 60% 6,8 1,6 52,4% MARCH 2020 50% R8,4bn 40% Net debt FY2017 FY2018 FY2019 FY2020 (pre-IFRS 16) 6,9 1,6 57,7% MARCH 2019 Debt to equity ratio Rbn Debt Rep
Slide 26: Free Cash Flow Conversion
FREE CASH FLOW CONVERSION 92% of NPAT Stable free cash flow generation in FY2020 Significant impact on EBITDA and net working capital as a result of COVID-19 in FY2020 Free cash flow outlook for FY2021 and FY2022 remains uncertain Cash movement from FY2019 to FY2020 Evolution of Free Cash Flow 92% o
Slide 27: Capex Spend for the Year
CAPEX SPEND FOR THE YEAR: Deliberate increased investment in digital transformation R1 119,4m R942,4m Increased investment in digital technology partly funded with EXPAND 69% 59% reduced store capex spend MAINTAIN 31% 41% CAPEX by nature Mar 20 55% 36% 9% Mar 19 61% 31% 8% FY21 Capex allocation guid
Slide 28: Timeline of Proposed Rights Offer
06. TIMELINE OF PROPOSED RIGHTS OFFER Bongiwe Ntuli 28 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 29: Timeline of Proposed Rights Offer
TIMELINE OF PROPOSED RIGHTS OFFER Indicative rights offer terms Indicative offer size Fully underwritten renounceable rights offer to raise gross proceeds of up to R3,95 billion •1 Insulates the balance sheet Use of proceeds •2 Continue investing in the business •3 Position TFG to take advantage o
Slide 30: TFG Africa
07. TFG AFRICA Bongiwe Ntuli 30 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 31: TFG Africa Performance
TFG AFRICA PERFORMANCE +3,3% 29,1% EBITDA margin 29,1% Retail turnover 27,9% of R22,5bn 47,5% Gross margin Mar 19 Feb 20 Mar 20 -1,2% EBITDA* of R6,3bn 27,9% Strong performance in tough environment, even before COVID-19 impact EBITDA margin Gross margin erosion due to impact of March trading – F
Slide 32: Key Messages
KEY MESSAGES Market-leading turnover growth to February 2020 COVID-19 impacted significantly on the month of March 2020 We continued to gain ground in expense control / optimisation TFG Australia performance above expectation TFG London performance at expectation in a tough market Strong
Slide 33: Credit
08. CREDIT Jane Fisher 33 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 34: TFG Africa Credit Summary
TFG AFRICA CREDIT SUMMARY Prudent lending in tough conditions COVID-19 credit actions INDUSTRY Pre-COVID-19 TU Consumer Credit Index highlighting deteriorating consumer credit health Limiting Exposure Credit granting has been restricted, accept rates down to <15% Growth in application levels nor
Slide 35: Credit EBIT Summary
CREDIT EBIT SUMMARY Post-COVID-19 adj Pre-COVID-19 adj Post-COVID-19 Pre-COVID-19 adj adj TFG AFRICA % of credit TFG AFRICA % of credit TFG AFRICA % of credit TFG AFRICA TFG AFRICA March 2020 transactions March 2019 transactions March 2020 transactions % change % change (Rm) (Rm) Income 2 375,5 17,2
Slide 36: TFG London
09. TFG LONDON Ben Barnett 36 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 37: TFG London Performance
TFG LONDON PERFORMANCE Gross margin -4,5% 61,4% 60,3% Retail turnover 59,3% of £390m 59,3% Mar 19 Feb 20 Mar 20 Gross margin -18,4% EBITDA* of £44,3m • YTD turnover growth flat until February 2020 11,3% • Gross margin negatively impacted by significant promotional activity in the market, adverse for
Slide 38: COVID-19
COVID-19 Impact on footfall in selected Asian market visible by end January 2020 Impact accelerated across all markets by end March 2020 Sharp reduction in UK mall and high street footfall through course of March All stores in brand portfolio closed 23 March Trading actions Government suppor
Slide 39: Why We Are Well Positioned to Survive This Crisis
WHY WE ARE WELL POSITIONED TO SURVIVE THIS CRISIS Entered current COVID-19 crisis with: Pre-COVID-19 • a strong brand portfolio • a strong online presence (both direct and through third parties) • limited operational leverage (versus our peer group) • a strong local balance sheet / cash holdings Des
Slide 40: TFG Australia
10. TFG AUSTRALIA Gary Novis 40 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 41: TFG Australia Performance
TFG AUSTRALIA PERFORMANCE EBITDA margin +9,6% 26,7% 25,6% Retail turnover of A$542m 24,4% 65,4% Gross margin Mar 19 Feb 20 Mar 20 +15,0% EBITDA* of A$138,7m LFL sales ahead of Australian market at 2,8% (stores) and 4,1% (including 25,6% online), including a result of -35,1% in March Feb YTD was
Slide 42: COVID-19 Impact
COVlD-19 IMPACT COVID-19 AUST & NZ PHASE 1 PHASE 2 Government PHASE 3 PHASE 4 500 Response Plan Declines Hibernation Testing initiatives Ignition Re-Build PM announces Closed all stores Plan commences Skeleton team Job Keeper Re-opening stores Ongoing project to only essential 27th March 400 Supply
Slide 43: Strategy
STRATEGY Strategy remains relatively unchanged COVID-19 has highlighted numerous strengths including: • The ability to manage wind down and ramp up • The strength of supplier relationships • A sound business continuity plan • The growing online presence of the business • Confirmation of the stra
Slide 44: Outlook & Conclusion
11. OUTLOOK & CONCLUSION Anthony Thunström 44 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 45: Well Positioned to Capitalise on Re-opening of the Economy
WELL POSITIONED TO CAPITALISE ON RE-OPENING OF THE ECONOMY Make-up of the retail sector will shift and shopping behavior changes have accelerated Well-positioned for growth post COVID-19 Enhancing our ability to capitalise on strategic actions ✔• Diversified product mix and customer base, with Fast-
Slide 46: Outlook
OUTLOOK TFG Africa TFG Australia TFG London Phased opening of outlets Strong performance in May Slow start to May but from 15 June (TFG Africa revenue up c.7% trading improving every on a like-for-like basis), but week slowing in June Wk 2 Wk 3 Wk 4 Wk 5 Wk 6 Wk 7 Wk 8 Wk 9 Wk 10 Wk 11 Wk 1 CO
Slide 47: Results Presentation for the Full Year
20 RESULTS 20 PRESENTATION FOR THE FULL YEAR ENDED 31 MARCH 2020
Slide 48: Disclaimer
DISCLAIMER This announcement contains certain forward-looking statements with respect to the financial condition and results of operations of The Foschini Group Limited and its subsidiaries, which by their nature involve risk and uncertainty because they relate to events and depend on circumstances
Slide 49: Disclaimer
DISCLAIMER THIS DOCUMENT, ITS CONTENTS AND ANY INFORMATION PROVIDED AT THIS PRESENTATION ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS, CANADA, AUSTRALIA AND JAPAN OR TO ANY RESID
Slide 50: Disclaimer
DISCLAIMER The purpose of the Information is to provide an overview of the Company. The Information does not purport to be full or complete. No reliance may be placed for any purpose on the Information or its accuracy, fairness or completeness. The Information and opinions contained therein are prov
Slide 51: Disclaimer
DISCLAIMER The Securities are not intended to be offered or sold to and should not be offered or sold to any retail investor in the European Economic Area (“EEA”) or the United Kingdom (“UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as define
Slide 52: Disclaimer
DISCLAIMER The Information constitutes factual, objective information about the Company and nothing contained herein should be construed as constituting any form of investments advice or recommendation, guidance or proposal of a financial nature as contemplated in the Financial Advisory and Intermed
Slide 53: Appendices
APPENDICES 53 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 54: Operating Context
OPERATING CONTEXT 54 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 55: South Africa Macroeconomic Environment
SOUTH AFRICA: South African Macroeconomic Environment Commentary Weak GDP growth in 2019 of 0,2% GDP • -1,4% (Q4 2019 q-o-q) • +1,4% (Q4 2018 q-o-q) In line with the rest of the world, GDP is expected to contract by 7% in 2020, before a recovery in 2021 and 2022 South Africa eased lockdown res
Slide 56: United Kingdom Macroeconomic Environment
UNITED KINGDOM: United Kingdom Macroeconomic Environment Commentary GDP Subdued annual GDP growth in 2019 of 1,4% • 2,8% (2019 y-o-y) • 1,4% (2018 y-o-y) Latest estimate for GDP growth in Q1 2020, showed that the UK experienced its worst quarterly decline in output since the 2008 Global Financia
Slide 57: Australia Macroeconomic Environment
AUSTRALIA: Australia Macroeconomic Environment Commentary GDP Moderate GDP growth of 1,8% in 2019 • 2,2% (March 2020 y-o-y) • 1,8% (March 2019 y-o-y) Current risk of recession due to the impact of COVID-19 with GDP expected to contract by 10% over H1 2020 CPI Annual inflation rose to 2,2% in Q
Slide 58: FY 2020 Results
FY 2020 RESULTS 58 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 59: Continued Change in Legislative and Accounting Environment
CONTINUED CHANGE IN LEGISLATIVE AND ACCOUNTING ENVIRONMENT TFG AFRICA South Africa • Amendments to the National Credit Act concerning debt intervention (signed by the President on 13 August 2019 but not yet effective) • Discussion Document setting out proposed amendments to the National Credit Regul
Slide 60: Accounting Changes: IFRS 16
ACCOUNTING CHANGES: IFRS 16 adopted retrospectively FACTORS INFLUENCING IFRS16 IFRS16DOES DOESNOT NOTIMPACT IMPACTOUR OUR MAIN IMPACT THE VOLATILITY OF THE UNDERLYING RETAIL PERFORMANCE UNDERLYING RETAIL IFRS 16 EXPENSE AND CASH PERFORMANCE FLOWS AND CASH FLOWS Balance Sheet Length of leases Our
Slide 61: Accounting Changes: Illustrative Impact of IFRS
ACCOUNTING CHANGES: Illustrative impact of IFRS 16 Illustrative impact (5yr lease) of the TFG LEASES change when adopting IFRS 16 LEASE PORTFOLIO IAS 17 VS IFRS 16 IMPACT ON INCOME STATEMENT IAS 17 IFRS 16 1 2 3 4 5 Years 1 2-4 5 6+ IAS 17 VS IFRS 16 IMPACT ON BALANCE SHEET Years of lease Africa a
Slide 62: Accounting Changes: Balance Sheet Impact of IFRS
ACCOUNTING CHANGES: Balance sheet impact of IFRS 16 Debt Equity (Up from 62% to 106%) 18000,0 124% 140% 118% 16000,0 106% 120% 14000,0 100% 12000,0 10000,0 62% 80% 8000,0 60% 6000,0 40% 4000,0 2000,0 20% 0,0 0% Opening Restated Mar 19 Mar 20 NAV Debt Old Debt Ratio Old Ratio NAV – Asset Liability Ta
Slide 63: Accounting Changes: Income Statement Impact of IFRS
ACCOUNTING CHANGES: Income statement impact of IFRS 16 not significant for TFG The Income Statement for the 2020 financial year was not impacted significantly EBITDA and EBIT calculations will be distorted 63 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 64: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Restated* Restated* Mar-20 Change Mar-19 Change Mar-18 Reviewed % Audited % Audited Rm Rm Rm Non‐current assets 21 403,4 7% 20 087,5 10% 18 254,6 Current assets 20 755,3 18% 17 553,6 6% 16 598,9 Inventory 8 431,1 10% 7 680,9 11% 6 900,6 Trade receivables ‐ retail 7 76
Slide 65: Income Statement
INCOME STATEMENT GROUP GROUP Restated* % to turnover % to turnover % change March 2020 March 2019 Revenue (Rm) 38 476,5 37 128,2 3,6 Retail turnover (Rm) 35 323,3 34 101,4 3,6 Cost of sales (Rm) (16 700,1) 47,3 (15 820,8) 46,4 5,6 Gross profit (Rm) 18 623,2 52,7 18 280,6 53,6 1,9 Interest and other
Slide 66: Expenses
EXPENSES March 2020 March 2019 March 2020 March 2019 Occupancy costs (pre- % change Local Local % change Rm Rm IFRS 16) currency currency TFG Africa 2 445,9 2 365,4 3,4 TFG London 778,8 807,7 (3,6) 41,4 44,9 (7,7) TFG Australia 1 045,1 955,9 9,3 103,7 95,6 8,5 Group 4 269,8 4 129,0 3,4 % to Group tu
Slide 67: Expenses
EXPENSES March 2020 March 2019 March 2020 March 2019 % change Local Local % change Rm Rm Employment costs currency currency TFG Africa 3 416,4 3 411,0 0,2 TFG London 1 364,1 1 378,4 (1,0) 72,6 76,6 (5,3) TFG Australia 1 531,1 1 391,6 10,0 151,9 139,1 9,2 Group 6 311,6 6 181,0 2,1 % to Group turnover
Slide 68: Scenario Planning
SCENARIO PLANNING Key economic scenario assumptions As part of a detailed scenario planning exercise, TFG has assessed the impact of different macro and market variables on operating and financial performance in FY21 and FY22 including the potential scenarios of a ‘Slow Recovery’ and a ‘Second Wav
Slide 69: Credit Statistics
CREDIT STATISTICS 69 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 70: Credit Key Ratios
CREDIT KEY RATIOS Value pre TFG AFRICA TFG AFRICA COVID-19 March 2020 March 2019 % Growth adjustment Key indicators Number of applications 2 187 310 1 959 665 11,6% Accept rates 36,9% 45,0% Number of new accounts 805 505 881 509 -8,6% Number of active accounts (‘000) 2 788,7 2 725,9 2,3% Credit turn
Slide 71: Brand Overview
BRAND OVERVIEW 71 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 72: Business Overview
BUSINESS OVERVIEW UPPER MARKET MID TO UPPER MARKET MID MARKET VALUE MARKET 72 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 73: Our Footprint
OUR FOOTPRINT 73 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 74: Our Footprint
OUR FOOTPRINT Number of outlets - Group 4 500 4 000 3 500 4 034 4 085 4 083 3 000 3 328 2 500 3 125 2 724 Australia 2 000 expansion 1 500 1 979 2 111 1 727 1 857 1 000 1 539 1 627 UK expansion 500 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 74 TFG RESULTS PRESENTATION FOR THE FULL-
Slide 75: TFG International Footprint
TFG INTERNATIONAL FOOTPRINT Sweden 08 01 Ireland & UK 02 Estonia 214 465 12 Netherlands 01 Latvia 53 Germany Belgium 05 20 36 08 Switzerland USA 02 37 Spain 13 Japan South Korea 02 Kuwait 09 Qatar 14 Mexico Hong Kong 19 02 Bahrain 03 12 UAE 01 Saudi Arabia Oman 02 Macau 09 04 Kenya 31 01 Singapore 0
Slide 76: TFG International Footprint
TFG INTERNATIONAL FOOTPRINT 2 577 972 534 TFG AFRICA OUTLETS TFG LONDON OUTLETS TFG AUSTRALIA OUTLETS 64% Contribution to turnover 21% Contribution to turnover 15% Contribution to turnover 76 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 77: TFG Africa Footprint
TFG AFRICA FOOTPRINT SOUTH AFRICA TOTAL STORES CONCESSION Gauteng 706 706 0 COUNTRY TOTAL STORES CONCESSIONS South Africa 2 388 2 388 0 Western Cape 426 426 0 Namibia 103 103 0 Kwazulu-Natal 282 282 0 Zambia 31 31 0 Eastern Cape 209 209 0 Botswana 27 27 0 Mpumulanga 203 203 0 Lesotho 12 12 0 Limpopo
Slide 78: TFG London Footprint
TFG LONDON FOOTPRINT EUROPE TOTAL STORES CONCESSIONS AUSTRALASIA TOTAL STORES CONCESSIONS UK & Ireland 679 214 465 Hong Kong 21 19 2 Switzerland 44 8 36 Japan 13 0 13 Germany 53 0 53 Singapore 9 1 8 Spain 20 0 20 Australia 8 0 8 Netherlands 12 0 12 Macau 2 0 2 Sweden 9 1 8 South Korea 2 0 2 Belgium
Slide 79: TFG Australia Footprint
TFG AUSTRALIA FOOTPRINT AUSTRALIA TOTAL STORES CONCESSIONS Australia 504 479 25 New Zealand 30 30 0 79 TFG RESULTS PRESENTATION FOR THE FULL-YEAR ENDED 31 MARCH 2020
Slide 80: Results Presentation for the Full Year
20 RESULTS 20 PRESENTATION FOR THE FULL YEAR ENDED 31 MARCH 2020