Super Retail Group Limited · ASX:SUL
Super Retail — FY2025 Earnings Presentation
47 slides from Super Retail's earnings presentation, Aug 21, 2025
Slide 1: Super Retail Group Full Year Results 2025
2025 Super Retail Group Full Year Results Authorised for release by the Board of Super Retail Group Limited 21 August 2025 Anthony Heraghty Group Managing Director & Chief Executive Officer SUPER RETAIL GROUP
Slide 2: Group highlights
Group highlights SUPER RETAIL GROUP 2
Slide 3: Full year highlights
Full year highlights • Generated positive like-for-like growth in a challenging consumer environment, with growth accelerating through the period. • Continued investment in network expansion and store refurbishments. • Further strengthened omni-channel capabilities, with strong online growth. • Full
Slide 4: Financial and operating highlights
Financial and operating highlights Revenue and Profitability and earnings Per share Customer / Channel SALES (m) Gross Margin Normalised PBT Active Club Members1 Sales from Active Margin Club Members $4,070m 45.6% (50 bps) 8.1% (70 bps) 12.5m +1 million 79.4% +2.5 ppts Total +4.5% | Like-for-like +2
Slide 5: Like-for-like growth accelerated through the period
Like-for-like growth accelerated through the period Momentum strengthened in the second half, with Supercheap Auto and Macpac delivering improved fourth-quarter performances GROUP SALES ($m) 1H25 LFL 2H25 LFL FY25 LFL FY25 Total sales sales sales sales growth (%) growth (%) growth (%) growth (%) (0.
Slide 6: PBT margin declined 70 bps
PBT margin declined 70 bps, driven by strategic and operational factors Marketing savings offset loyalty investment, while network investments contributed to a net 40 bps impact from strategic initiatives. Stock loss was the main contributor to a net 30 bps impact from operational factors. FY25 norm
Slide 7: Customer highlights
Customer highlights Growth in active club members, store NPS and club member percentage of total sales for all four brands 12.5m ACTIVE CLUB 71 CLUB MEMBER NPS 79.4% CLUB MEMBER % OF MEMBERS1 (UP 1m) (UP 2) SALES (UP 2.5 PPTS) CLUB MEMBER CLUB MEMBER CLUB MEMBER CLUB MEMBER NPS (UP 1) NPS (UP 4) NPS
Slide 8: Investment in our loyalty programs
Investment in our loyalty programs is driving growth in Active Club Member metrics More engaged Club Members contributing a growing share of total revenue 1 8.0 1 SUPER RETAIL GROUP 1. Active club member is a club member who purchased in the last 12 months. 8
Slide 9: Store network highlights
Store network highlights Delivered a strong pipeline of new store openings in FY25 CURRENT NEW STORES TARGETED STORE STORES OPENED IN FY25 OPENINGS IN FY26 782 31 23 FY25 STORE FY25 STORE FY25 STORE FY25 STORE OPENINGS OPENINGS OPENINGS OPENINGS 11 5 5 10 TARGETED TARGETED TARGETED TARGETED FY26 STO
Slide 10: Investment in stores has sustained revenue growth
Investment in stores has sustained revenue growth during the challenging consumer environment of last 2 years RE-ACCELERATION IN TOGETHER WITH ENABLED THE GROUP NETWORK EXPANSION IMPROVED SALES TO SUSTAIN ELEVATED DENSITY REVENUE TRAJECTORY Grew store network by >13% Sales / sqm higher Through netwo
Slide 11: Digital and omni-retail highlights
Digital and omni-retail highlights GROUP FY25 FY25 ONLINE 5 YEAR CAGR ONLINE SALES SALES GROWTH IN FY25 ONLINE Online sales grew 8 per cent, 93 per cent of all sales SALES1 completed in store $524m 8.2% 13% HOME CLICK & % OF FY25 SALES TOTAL DELIVERY COLLECT COMPLETED IN GROUP % OF FY25 % OF FY25 ST
Slide 12: Full year results and brand highlights
Full year results and brand highlights SUPER RETAIL GROUP 12
Slide 13: Group results
Group results FY25 FY24 $m Change (52 weeks) (52 weeks) Total sales1 4,070.1 3,893.7 4.5% Total segment EBITDA 758.0 738.6 2.6% Segment D&A (358.3) (338.2) 5.9% Total segment EBIT 399.7 400.4 (0.2%) Finance costs (70.3) (57.8) 21.6% Normalised segment PBT 329.4 342.6 (3.9%) Segment income tax expens
Slide 14: Segment results
Segment results FY25 FY24 $m (52 weeks) (52 weeks) Segment Sales PBT Sales1 PBT Supercheap Auto 1,531.5 196.9 1,499.3 202.9 rebel 1,361.7 100.8 1,298.9 102.4 BCF 950.7 61.0 881.0 54.3 Macpac 231.4 10.3 222.9 18.8 Group and (5.2) (39.6) (8.4) (35.8) Unallocated Total 4,070.1 329.4 3,893.7 342.6 SUPER
Slide 15: Supercheap Auto highlights
Supercheap Auto highlights Supercheap Auto is Australia and New Zealand’s favourite1 specialty automotive parts and accessories retail business • Challenged financial result for Supercheap Auto, although improved performance in the second half. • Network expansion delivered growth on the prior year’
Slide 16: Supercheap Auto results
• Total sales increased by 2.1 per cent to $1.5 billion driven by network expansion. $m FY25 FY24 Change • Like-for-like sales grew by 0.3 per cent driven by higher average transaction values, partially offset by lower transaction volumes. Sales 1,531.5 1,499.31 2.1% • Like-for-like growth of 0.7 pe
Slide 17: Supercheap Auto Spend & Get
Supercheap Auto “Spend & Get” A more generous and effective member loyalty program • Supercheap Auto launched their new “Spend & Get” membership loyalty program on 1 July 2025, replacing the previous Best Price Credit program. • “Spend & Get” is the most generous, simple to understand and easy to us
Slide 18: rebel highlights
rebel highlights rebel is Australia’s leading sporting goods and apparel retailer. Our goal is to inspire all Australians to live their sporting dreams and passions • Record sales results achieved over the key Christmas trading period, with momentum continuing to improve in the second half. • Comple
Slide 19: rebel results
• Total sales grew by 4.8 per cent to $1.4 billion. $m FY25 FY24 Change • Like-for-like sales grew by 3.5 per cent with growth in both number of transactions and average transaction value. Sales 1,361.7 1,298.91 4.8% • Growth was broad based, with strong contributions from footwear and licensed appa
Slide 20: rebel active loyalty program
rebel active loyalty program driving growth in visitation and average basket value Average Annual Member Spend ABV1 across member transactions (Indexed to Feb 23) 115% 108% 100% Total ABV Club ABV Redemption ABV >12x +3% 46% AVERAGE SALES CLUB MEMBER REDEMPTION SALES AS PER $ REDEEMED VISITATION A %
Slide 21: BCF highlights
BCF highlights BCF is Australia’s favourite1 outdoor retailer, with stores located in every Australian state and territory • Record sales driven by higher transaction volumes. • Solid growth in fishing and touring categories. • Sales growth driven by strategic focus on premium global and domestic br
Slide 22: BCF results
• Total sales increased by 7.9 per cent to $951 million driven by like-for-like sales growth and $m FY25 FY24 Change network expansion. Favourable weather conditions during key peak periods also supported growth. • Sales were further supported by a strategic investment in stock availability across k
Slide 23: BCF superstore format
BCF superstore format is transforming the customer experience Customers spend 1.5 times more in superstores, which are contributing disproportionately to growth Current locations : Townsville, Kawana, Mackay, Hervey Bay, Cannington HIGHER MORE ITEMS PER HIGHER AVERAGE 5 15-20 VISITATION1 BASKET1 ITE
Slide 24: Macpac highlights
Macpac highlights Macpac is New Zealand’s original, technical outdoor brand that gives you the confidence and spirit to take on anything • Record Boxing Day sales and a strong finish to the financial year, amidst an otherwise challenging trading period. • Continued market share gains in Australia. •
Slide 25: Macpac results
• Total sales increased by 3.8 per cent to $231 million, supported by new store openings. $m FY25 FY24 Change • Like-for-like sales increased by 2.0 per cent. Growth in the number of transactions was partially offset by lower average transaction value. • Like-for-like growth of 3.7 per cent in Austr
Slide 26: Store rollout in Australia
Store rollout in Australia delivering improved brand awareness and market share gains Growing Brand Awareness in Australia 1 80% 60% 41% 44% 35% 37% 40% 20% 0% FY22 FY23 FY24 FY25 Australia New Zealand 2 Australian Market Share • Continued store roll out in Australia has seen the network increase fr
Slide 27: Group and unallocated
Group and unallocated • Group and unallocated includes corporate costs not allocated to segments $m FY25 FY24 and customer, omni, digital, loyalty and other project costs. Segment PBT (39.6) (35.8) • Group and unallocated costs increased by $3.8 million to $39.6 million, due to the inclusion of cost
Slide 28: Group balance sheet
Group balance sheet • Total inventory of $887 million was $41 million higher compared with the $m FY25 FY24 previous period, reflecting a 3 per cent increase in the store network (net 23 Inventory new stores) and a 1.8 per cent increase in inventory per store. Supercheap Auto 305.0 306.0 • The highe
Slide 29: Group cash flow
Group cash flow • Operating cash flow of $577 million was $58 million below the prior $m FY25 FY24 period reflecting a $39 million outflow of working capital, compared to a Statutory EBITDA 742.9 735.8 $33 million inflow of working capital in the prior year. The $72 million working capital different
Slide 30: Dividends and capital management
Net Debt / Cash & Gearing Ratio Dividends and capital management 400 1 300 200 0.5 Net Debt to EBITDA $ million • The Group applies the following key principles in relation to dividends and capital 100 management: 0 0 - Dividend payout policy – pay ordinary dividends equating to 55 per cent to 65 pe
Slide 31: Returns, capital ratios and fx
Returns, capital ratios and fx • The Group has delivered normalised EPS of 102.9 cents. FY25 FY24 Change • Normalised fixed charge cover ratio of 2.3x compared to 2.4x in June 2024. Normalised EPS (cents) 102.9 107.2 (4.0%) • Return on capital of 17.7 per cent remains above WACC. Basic EPS (cents) 9
Slide 32: Corporate strategy
Corporate strategy 32
Slide 33: Our strategy
Our strategy 1 GROW THE FOUR CORE BRANDS Growing annual 2 LEVERAGE CLOSENESS TO OUR CUSTOMER customer value PRIMARY VALUE Ensuring organic growth and 3 CONNECTED OMNI-RETAIL SUPPLY CHAIN LEVERS capital discipline 4 Being an SIMPLIFY THE efficient BUSINESS omni-retailer 5 EXCEL IN OMNI-RETAIL EXECUTI
Slide 34: Delivering on our strategy in FY25
Delivering on our strategy in FY25 GROW THE FOUR LEVERAGE CLOSENESS CONNECTED OMNI- SIMPLIFY THE EXCEL IN OMNI- CORE BRANDS TO OUR CUSTOMER RETAIL SUPPLY CHAIN BUSINESS RETAIL EXECUTION Store formats SCA “Spend & Get” New Victorian DC Core cost of Click & Collect established operational doing busine
Slide 35: New Victorian distribution centre
New Victorian distribution centre open & operational in 2H25 Construction of Truganina DC in Victoria Internal fit out ongoing complete and serving rebel stores Progressing through a phased opening Targeting 5 Star Green Star Buildings schedule, with automation capabilities rating by the Green Build
Slide 36: Investment in stores underpins outlook for capital expenditure
Investment in stores underpins outlook for capital expenditure PORTFOLIO CAPEX $165m Investment in stores and supply chain in FY25 $155m $135m Investment in new stores and refurbishments continues to underpin the annual capital expenditure envelope. $110m Capex on loyalty is now largely complete wit
Slide 37: Sustainability and team
Sustainability and team 37
Slide 38: Progress towards our key ESG focus areas in FY25
Progress towards our key ESG focus areas in FY25 People & Community Circular Economy Climate Funds raised1 for community organisations renewable electricity Waste diversion Recycled engine oil (L) GHG emissions intensity 6% $3.2 million 65.9% FY24: 62.3% 1,488,297 Up 18% on FY24 13.9 kgCO2e/$M reven
Slide 39: Trading update
Trading update 39
Slide 40: FY26 trading update
FY26 trading update Like-for-Like Sales Growth Total Sales Growth FY26 v FY25 FY26 v FY25 (Weeks 1 to 7) (Weeks 1 to 7) Supercheap Auto 3.3% 5.3% rebel 2.7% 3.3% BCF 3.6% 6.4% Macpac 1.9% 7.6% Group Total 3.1% 5.0% • The Group has experienced a positive start to FY26, with like-for-like sales growth
Slide 41: FY26 trading update
FY26 trading update • The Group is targeting capex in FY26 of $155 million to fund its store development program, completion of the new distribution centre, systems implementation and ongoing investments in cyber, omni and digital capability. Group & Unallocated cost outlook: • As previously flagged
Slide 42: Appendix
Appendix SUPER RETAIL GROUP 42
Slide 43: Performance trends
Performance trends Reported Sales ($m) Total Segment PBT2 ($m) 436 391 3,894 4,070 350 343 3,803 329 3,453 3,551 2,710 2,825 2,422 2,466 2,570 210 191 202 207 156 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 1 FY25 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Reported EPS (c) Post Tax ROC (%) 1
Slide 44: Segment note
Segment note FY25 SUPER RETAIL GROUP 44
Slide 45: Segment note
Segment note FY24 SUPER RETAIL GROUP FY24 sales have been updated for a reclassification in the current year to include revenue from freight recovery which was 45 previously reported as an offset to cost of goods sold.
Slide 46: The Group has a network of stores across Australia and NZ
The Group has a network of 782 stores across Australia and NZ NT 6 3 1 2 QLD 180 WA 88 39 46 7 Supercheap Auto (352 stores) 75 SA ACT NZN 33 16 20 6 rebel (162 stores) 51 16 58 22 11 14 4 4 4 3 5 BCF (165 stores) 35 23 NSW 198 Macpac (103 stores) 87 50 45 16 VIC 155 NZS 62 39 31 23 TAS 28 15 12 16 6
Slide 47: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Super Retail Group Limited ABN 81 108 676 204 ("SRG"). It provides summary information about the activities of SRG and its subsidiaries current as at the date of this presentation. The information in this presentation is of a gen