Slide 1: Results Presentation
Results Presentation Half Year ended 1 January 2023
Slide 2: Contents
Contents Value creation and investor value proposition 3 Operational highlights 4 H1 FY23 results summary 5 Operational update 6 Dividend and trading update 11 Appendix 13 Accent Group HY FY2023 Results Presentation 2
Slide 3: Value creation and investor value proposition
Value creation and investor value proposition Total Shareholder Return(1) comparison of Accent and the ASX200 (30 June 2012 to 30 December 2022) • A market leading digitally integrated consumer business with 35 websites, 1,900% 10 owned and 17 distributed brands, Total Shareholder Return since 30 Ju
Slide 4: Operational highlights
Operational highlights Total Sales (inc Franchises) VIP & Loyalty $825 million 9.6 million +39% on H1 FY22 Contactable customers H1 FY23: 27 Weeks Vs H1 FY22: 26 Weeks +0.3m increase since June ‘22 New Stores Vertical Owned Brands Sales 53 >$50 million with a further 20 new stores 7% of total sales
Slide 5: H1 FY23 results summary
H1 FY23 results summary Key Metrics H1 FY231 H1 FY22 % H1 FY232 $’000’s 27 Weeks 26 Weeks 26 Weeks Change Group Sales (inc. Franchisees) 825,247 593,963 +38.9% 789,247 EBITDA 170,159 99,545 +70.9% EBIT 91,167 30,301 +200.9% 81,167 PBT 81,818 22,123 +269.8% NPAT 58,327 14,759 +295.2% Digital EBIT (Yo
Slide 6: Operational update
CHANGE PIC Operational update
Slide 7: Digital
Digital Digital Sales Growth $159.9 m $134.0 m Digital sales increased to $109.0 m $134.0m, 160% on H1 FY20 comparative $51.6 m Digital sales contributed to $39.0 m 18.9% of total retail sales1 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY23 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY23 1. Digital sales and total
Slide 8: Customer & Loyalty
Customer & Loyalty Accent Group Contactable Customers (Millions) 10 9.3 9.6 8.4 6.8 4.8 FY19 FY20 FY21 FY22 H1 FY23 Target • 9.6 million contactable customers • Platypus, Skechers and Hype continue to grow their customer base and drive repeat customer behaviour • New customer data platform successfu
Slide 9: Retail, Wholesale & Vertical Owned Brands
Retail, Wholesale & Vertical Owned Brands Retail & Wholesale Store Network1 • Opened 53 new stores • Transitioned 13 stores from discontinued brands to existing brands • Strong retail performance in banners such as Skechers, Platypus, Hype and Dr. 805 825 Martens 762 • At least 20 new stores to be o
Slide 10: Dividends and trading update
Dividends and trading update
Slide 11: Dividends and trading update
Dividends and trading update • Accent Group has announced an interim dividend for H1 FY23 of 12.00 cents per share, fully franked, payable on 9 March 2023 to shareholders registered on 1 March 2023 Dividends • Accent Group continues to be defined by strong cash conversion and the consistent strong r
Slide 12: Appendix
Appendix Accent Group
Slide 13: Store network and distribution agreements
Store network and distribution agreements Store Network Store Network Dec-22 Other Distributed Hype, Subtype Glue, Nude Lucy, Store Network 1 Platypus Skechers TAF Other Brands Discountinued Total Brands Trybe Stylerunner Stores as at FY22 168 153 153 90 106 55 8 29 762 FY23 Stores Opened 14 13 2 4
Slide 14: Gross margin and FX rate
Gross margin and FX rate Statutory Gross Margin % and FX Rate Overview 59% 0.80 58% 0.76 0.74 0.74 0.75 57% 0.73 0.73 Gross Margin % 0.71 56% FX Hedge Rate 0.70 55% 58.1% 0.67 57.3% 56.7% 54% 0.65 55.2% 54.5% 53% 53.3% 52% 0.60 H1 FY18 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY23 H2 FY23 Gross Margin FX
Slide 15: H1 FY23 summary of financial performance
H1 FY23 summary of financial performance Financial Summary— Comparable Financial Information Operating Highlights % Profit & Loss ($000's) H1 FY23 H1 FY22 Change • Total company owned sales of $746 million, up 42.1% on prior year Owned sales 746,488 525,208 42.1% Sales • Prior period comparative dis
Slide 16: Balance sheet
Balance sheet Balance Sheet Commentary • Inventory has grown in H1 FY23 compared to H1 1 Jan 2023 26 Jun 2022 26 Dec 2021 FY22 due to the addition of 88 new store openings $000's H1 FY23 FY22 H1 FY22 and the growth in the wholesale business Trade receivables and prepayments 53,709 55,895 51,099 • A
Slide 17: 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 18: Notice and disclaimer
Notice and disclaimer • This presentation has been prepared by Accent Group Limited ABN 85 108 096 251 (Accent Group or Company) and is general background information in relation to Accent Group and its activities current as at the date of this presentation. It is information given in summary form a