Accent Group Ltd · ASX:AX1
Accent — Shareholder Meeting (November 2024)
17 slides from Accent's shareholder meeting presentation, Nov 21, 2024
Slide 1: 2024 Annual General Meeting
2024 Annual General Meeting
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 FY2024 AGM Presentation 4
Slide 5: The Board
The Board Michael Hapgood Donna Player Anne Loveridge AM Lawrence Myers Accent Group FY2024 AGM Presentation 5
Slide 6: Other attendees
Other attendees Matthew Durbin Nikki Nuttall Alison Milner Group CFOO & Group General Counsel & Partner, PWC Joint Company Secretary Joint Company Secretary Accent Group FY2024 AGM Presentation 6
Slide 7: Agenda
Agenda Welcome and Introduction Chairman’s report CEO report Trading update Formal business Accent Group FY2024 AGM Presentation 7
Slide 8: 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 9: 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 10: FY24 financial performance
FY24 financial performance Financial Summary FY24 vs FY231 Profit & Loss ($000's) FY24 FY23 % Change Owned sales 1,434,898 1,393,257 3.0% Gross profit 800,144 768,842 Gross margin (%) 55.8% 55.2% 58bps CODB – excl. lease depreciation & interest (525,911) (498,052) CODB % – excl. lease depreciation &
Slide 11: Value creation and investor value proposition
Value creation and investor value proposition Total Shareholder Return(1) comparison of Accent and the ASX200 (30 June 2014 to 28 June 2024 1,000% Total Shareholder Return since 30 June 2014: Accent Group: 21.2% (Annualised Return) 750% ASX200 Index: 9.5% (Annualised Return) 500% 581.1% 250% 148.3%
Slide 12: 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 Safety Ethical Sourcing & Modern Recycle Program through ASGA • 600 safety audits completed Slavery • 286 customer sho
Slide 13: Daniel Agostinelli
Daniel Agostinelli Group CEO
Slide 14: 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 15: 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 16: 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 17: Trading update
Trading update • Update on trade for the first 20 weeks of FY25 • Total Group owned sales YTD are up 6.8% • LFL sales for the first 20 weeks are up 3.5% • FY25 gross margin % YTD is down 70bp with the comparable period last year • CODB % to sales to the end of week 20 is starting to gain traction, w