Accent Group Ltd · ASX:AX1
Accent — Shareholder Meeting (November 2023)
20 slides from Accent's shareholder meeting presentation, Nov 17, 2023
Slide 1: 2023 Annual General Meeting
2023 Annual General Meeting Accent Group
Slide 2: How to ask a question online
Conduct of meeting How to ask a question online • To submit a written question, please 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
Slide 3: How to vote online
Conduct of meeting How to vote online • When the poll is open, select the “Vote” icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed Acc
Slide 4: The Board
The Board David Gordon Daniel Agostinelli Chairman Group CEO Accent Group FY2023 AGM Presentation 4
Slide 5: The Board
The Board Brett Blundy Donna Player Joshua Lowcock Michael Hapgood Stephen Goddard Accent Group FY2023 AGM Presentation 5
Slide 6: The Board
The Board Anne Loveridge AM Lawrence Myers Accent Group FY2023 AGM Presentation 6
Slide 7: Other attendees
Other attendees Matthew Durbin Alethea Lee Alison Milner Group CFOO & Group General Counsel & Partner, PWC Joint Company Secretary Joint Company Secretary Accent Group FY2023 AGM Presentation 7
Slide 8: Agenda
Agenda Welcome and Introduction Chairman’s report CEO report Trading update Formal business Accent Group FY2023 AGM Presentation 8
Slide 9: The Accent growth journey
The Accent growth journey $1.57b sales inc. Owned sales franchisees1 ($ Millions) Demonstrated track record of retail sales 1,393 growth driven by 1,103 772 968 store rollout and new 807 banners FY19 FY20 FY21 FY22 FY23 479 stores 524 stores 638 stores 762 stores 821 stores Expansion of omni- Clic
Slide 10: 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 11: FY23 financial performance
FY23 financial performance Key Metrics Profit & Loss ($000's) FY23 FY22 % Change Owned sales 1,393,257 1,103,488 26.3% Gross profit 768,842 598,496 Gross margin (%) 55.2% 54.2% 100bps CODB – excl. lease depreciation & interest (498,052) (411,240) CODB % – excl. lease depreciation & interest 35.7% 37
Slide 12: Value creation and investor value proposition
Value creation and investor value proposition Total Shareholder Return(1) comparison of Accent and the ASX200 (30 June 2013 to 30 June 2023) 1,000% Total Shareholder Return since 30 June 2013: Accent Group: 20.9% (Annualised Return) 750% ASX200 Index: 10.1% (Annualised Return) 500% 567.6% 250% 160.7
Slide 13: 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 • Expansion of initiatives dr
Slide 14: Daniel Agostinelli
Daniel Agostinelli Group CEO
Slide 15: Operational highlights
Operational highlights A new record year… Total Sales (inc Franchises)¹ EBIT $1.57 billion $138.8 million +23.7% on FY22 +122.9% increase on FY22 FY23: 53 Weeks Vs FY22: 52 Weeks Stores Comp Performance New Stores 10.2% 80 20 18 22 new stores opened new stores opened LFL1 store new stores opened sto
Slide 16: Digital
Digital Digital Sales Growth $265.4 m $260.5 m $209.9 m Digital sales increased to $105.5 m $126.5 m $260.5m, 211.0% on FY19 $141.4 m $100.9 m comparative $83.8 m $89.8 m $159.9 m Digital sales contributed to $44.8 m $109.0 m $134.0 m 19.1% of $39.0 m $51.6 m total retail sales1 FY19 FY20 FY21 FY22
Slide 17: Customer & Loyalty
Customer & Loyalty Accent Group Contactable Customers (Millions) Members (millions) 9.3 9.8 8.4 6.8 4.8 FY19 FY20 FY21 FY22 FY23 • 9.8 million contactable customers • Platypus, Hype and Skechers continue to deliver growth through driving engagement with their Loyalty Programs • Loyalty program drivi
Slide 18: Retail, Wholesale & Vertical Owned Brands
Retail, Wholesale & Vertical Owned Brands Retail & Wholesale Store Network1 • Opened 80 new stores • Transitioned 15 stores from discontinued brands to existing brands • Strong retail performance in all major banners 762 821 638 479 524 • 22 Nude Lucy stores now trading in Australia • Wholesale sale
Slide 19: Trading update
Trading update • Update on trade for the first 19 weeks of FY24 • Total Group owned sales YTD are up 2.1% compared to FY23 • LFL sales for the first 19 weeks are down 2.0% • FY24 gross margin % YTD is broadly in line to the comparable period last year • CODB % to sales to the end of week 19 is highe
Slide 20: 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 FY23 Annual Report and accompanying information released to the market on 24 August 2023. The inform