Slide 1: FY2024 Results
FY2024 Results Year ended 30 June 2024
Slide 2: Contents
Contents The Accent growth journey 2 Value creation and investor value proposition 3 Operational highlights 4 FY24 sales and profit 5 FY24 summary of financial performance 6 Operating Review 7 Dividends and trading update 10 Appendix 11 1 Accent Group FY2024 Results Presentation
Slide 3: The Accent growth journey
The Accent growth journey $1.6b sales inc. franchisees1 +78% Owned Sales ($millions) Demonstrated track $1,393 $1,435 record of retail sales $968 $1,103 $807 growth driven by store rollout and new banners FY20 FY21 FY22 FY23 FY24 524 Stores 638 Stores 762 Stores 821 Stores 895 Stores Expansion of om
Slide 4: Value creation and investor value proposition
Value creation and investor value proposition Total Shareholder Return(1) comparison of Accent and the ASX200 Accent Group has a unique value and (30 June 2014 to 28 June 2024 investor proposition in the ANZ market, 1,000% characterised by: Total Shareholder Return since 30 June 2014: • Significant
Slide 5: Operational highlights
Operational highlights Total Sales (inc Franchises) Vertical Owned Brand Sales $1.61 billion1 >$125 million +2.7% on FY23 c.9% of total sales New Stores 93 36 26 23 new stores opened stores now open new stores opened new stores opened during FY24 across representing a fast- across Australia and acro
Slide 6: FY24 sales and profit
FY24 sales and profit Key Metrics FY24 FY231 % $’000’s 52 Weeks 53 Weeks Change Group Sales (inc. Franchisees) 1,608,100 1,566,141 2.7% EBITDA 293,687 298,221 (1.5%) EBIT 110,3942 138,788 (20.5%) PBT 84,416 119,616 (29.4%) NPAT 59,530 88,653 (32.9%) Net debt (122,202) (119,582) Full Year Dividend 13
Slide 7: FY24 summary of financial performance
FY24 summary of financial performance Financial Summary FY24 vs FY231 Operating Commentary % • Total owned sales of $1.43 billion up 3.0% Profit & Loss ($000's) FY24 FY23 Change to prior year (Owned Retail up 6.3%, Owned sales 1,434,898 1,393,257 3.0% Sales Wholesale down 16.9%). • Like for Like (LF
Slide 8: Operating Review
Operating Review Accent Group
Slide 9: Retail, Wholesale & Vertical Owned Brands
Retail, Wholesale & Vertical Owned Brands Retail Store Network1 • Retail sales of $1.27 billion, up 6.3% on FY23 • 93 new stores added to the Accent Group network in FY24 • Strong retail performance across Skechers, Hype, TAF, Stylerunner, Nude Lucy and others 821 895 • 36 Nude Lucy stores now open
Slide 10: Customers & Loyalty
Customers & Loyalty Accent Group Contactable Customers (Millions) +4.1% 9.8 10.2 million 9.3 8.4 customers 6.8 FY20 FY21 FY22 FY23 FY24 • Contactable customers continues to grow to 10.2 million. • Loyalty program membership of 8.1 million across TAF, Skechers, Platypus, Hype DC, Glue Store and Merre
Slide 11: Growth plan
Growth plan ✓ The continued roll-out of new stores, with significant further store roll-out opportunity in both its core banners and new businesses Stores over the next 5 years. ✓ At least 50 new stores are planned to open in FY25. ✓ Improved underlying gross margin from continued growth in Gross Ma
Slide 12: Dividends and trading update
Dividends and trading update
Slide 13: Dividends and trading update
Dividends and trading update • Accent Group has announced a final dividend for FY24 of 4.5 cents per share, fully franked, payable on 26 September 2024 to shareholders registered on 12 September 2024. Dividends • Accent Group continues to be defined by strong cash conversion and the consistent stron
Slide 14: Appendix
Appendix Accent Group
Slide 15: Store network and distribution agreements
Store network and distribution agreements Store Network Store Network Jun-24 Distributed Hype, Subtype Glue, Nude Lucy, Store Network 1 Platypus Skechers TAF Other Brands Discontinued Total Brands Trybe Stylerunner Stores as at FY23 188 171 155 104 112 82 8 1 821 FY24 Stores Opened 26 23 7 14 1 22 0
Slide 16: Gross margin and FX rate
Gross margin and FX rate Statutory Gross Margin % and FX Rate Overview 59% 0.80 58% 0.75 0.75 57% 0.74 0.75 56% Gross Margin % 0.71 55% 0.70 FX Hedge Rate 0.70 0.70 0.70 54% 0.67 53% 56.1% 56.1% 55.8% 55.8% 55.2% 54.8% 0.65 52% 54.2% 52.7% 51% 50% 0.60 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Gross M
Slide 17: Balance sheet
Balance sheet Balance Sheet Commentary • Inventory has increased since FY23 on the back 30 Jun 2024 31 Dec 2023 2 Jul 2023 of an increased store footprint (+93) offset by $000's continued improvements in inventory FY24 H1 FY24 FY23 management. Trade receivables and prepayments 43,158 48,339 40,433 I
Slide 18: 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 19: 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
Slide 20: FY2024 Results
Platypus Store - Chadstone, Victoria, 3145 FY2024 Results Year ended 30 June 2024