Slide 1: 2021 Half Year Results
2021 Half Year Results Presented by Paul Fineman, CEO and Giles Willits, CFO
Slide 2: 2021 Half Year - Highlights
2021 HALF YEAR - HIGHLIGHTS Stronger than Expected Performance Covid-19 • A resilient performance reflecting • Operations maintained in all ─ The strength of our customer base regions ─ The appeal and value of our products • Maximised revenues with strong ─ Operational efficiency and revenue Everyda
Slide 3: Our Business
OUR BUSINESS Sales by Customer Destination Sales by Product Category Growth in Americas reflecting recent CSS acquisition and the More balanced product portfolio with growing importance of market with the most significant organic growth opportunities Craft and creative play Sales by Season Sales by
Slide 4: Strategy in Action
STRATEGY IN ACTION Working with the Winners Design & Innovation Efficiency & Scale • Key customers continue to increase Market leading initiatives under the New state-of-the-art printing press market share ‘Eco Nature’ brand, providing cross- now fully operational in Memphis, • Significant growt
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue ($m) Adjusted profit before tax* ($m) Net cash/(debt) ($m) +41% 434.6 +16% (23.2) 30.2 26.1 24.9 309.2 270.9 218.1 197.9 13.8 (94.0) 11.2 (99.3) (106.1) (130.0) HY17 H1 HY18 2017 H1 2018 HY19 H1 HY20 2019 H1 2020 HY21 H1 2021 HY17 H1 HY18 2017 H1 2018 HY19 H1 2019 HY20 H
Slide 6: Profit & Loss
PROFIT & LOSS H1 2021 H1 2020 Reported Adjusting Adjusted Reported Adjusting Adjusted Items Items $m $m $m $m $m $m Revenue H1 2021 H1 2020 $m $m % Revenue 434.6 - 434.6 309.2 - 309.2 Americas 321.6 183.8 75 Gross profit 83.7 0.9 84.6 63.0 0.6 63.6 International 115.5 128.4 (10) Elims / Central cost
Slide 7: Cashflow
CASHFLOW H1 2021 H1 2020 Working capital Analysis H1 2021 H1 2020 $m $m $m $m $m $m Total Adjusted EBITDA 49.7 37.2 CSS Existing Total Receivables (30.6) (139.2) (169.8) (143.4) Movements in working capital (104.9) (139.8) Inventory (3.8) (38.3) (42.1) (71.2) Adjusted cash used by operations (55.2)
Slide 8: DG Americas Update
DG AMERICAS UPDATE Commercial • Overall 75% revenue growth driven by strong demand for Craft products which have delivered a good first half CSS performance • Q1 revenues of Design Group Americas businesses reduced by effect of Covid-19 but a stronger Q2 performance • Successful roll-out of Impulse
Slide 9: DG International Update
DG INTERNATIONAL UPDATE Commercial Initiatives • Revenues now generated across regions with geographically expanding customers, purchasing broader categories • Growing revenues through Amazon e-tail initiative in the UK and Eco Nature sustainable product development Organisation • With 25% of the Gr
Slide 10: Outlook & Summary
OUTLOOK & SUMMARY Summary – H1 revenue is up 41%, adjusted operating profit up 13% and H1 debt down $82.9m • Our strategy and resultant positive momentum that has prevailed throughout our business for many years has proven resilient to the challenges of Covid-19 ─ We have responded with pace and eff
Slide 11: thedesigngroup.com
IG Design Group plc No 7 Water End Barns Water End Eversholt MK17 9EA T +44 (0)1525 887 310 thedesigngroup.com