Slide 1: Half Year FY2024 Results
Half Year FY2024 Results Half Year ended 31 December 2023
Slide 2: Contents
Contents Value creation and investor value proposition 3 Operational highlights 4 H1 FY24 sales and profit 5 H1 FY24 summary of financial performance 6 Operational update 7 Dividends and trading update 13 Appendix 15 2 Accent Group Half Year FY2024 Results Presentation
Slide 3: Value creation and investor value proposition
Value creation and investor value proposition Source: Bloomberg, Accent Filings. 1. Assumes 100% dividend reinvestment on the ex-dividend date. 3 Accent Group Half Year FY2024 Results Presentation
Slide 4: Operational highlights
Operational highlights Total Sales (inc Franchises) Vertical Owned Brand Sales $810.9 million1 >$60 million +2.7% on H1 FY232 c.8% of total sales H1 FY24: 26 Weeks Vs H1 FY23: 26 Weeks >13% on H1 FY23 New Stores 72 34 22 17 new stores opened during stores now open new stores opened new stores opened
Slide 5: H1 FY24 sales and profit
H1 FY24 sales and profit Key Metrics H1 FY241 H1 FY232 $’000’s 26 Weeks 27 Weeks Group Sales (inc. Franchisees) 810,924 825,247 EBITDA 157,477 170,159 EBIT 72,3573 91,167 PBT 59,758 81,818 NPAT 42,236 58,327 Inventories 256,640 267,372 New stores 72 Interim Dividend 8.50 cents 12.0 cents 1. The curr
Slide 6: H1 FY24 summary of financial performance
H1 FY24 summary of financial performance Financial Summary— H1 FY24 Vs H1 FY231 Operating Highlights • Total company owned sales of $732.9 million Profit & Loss ($000's) H1 FY24 H1 FY23 Sales • LFL retail sales down 0.6%1 Owned sales 732,897 746,488 • Wholesale sales down 25% Gross profit 414,876 41
Slide 7: Operational update
CHANGE PIC Operational update
Slide 8: Retail, Wholesale & Vertical Owned Brands
Retail, Wholesale & Vertical Owned Brands Retail Store Network1 • 72 new stores for the 6 months to 31 December 2023 added to the Accent Group store network • Strong retail performance across Skechers, Hype, TAF, Stylerunner, and Nude Lucy • 34 Nude Lucy stores now open with consistently growing res
Slide 9: Customers & Loyalty
Customers & Loyalty Accent Group Contactable Customers (Millions) Customers (millions) 9.8 10.0 9.3 million 8.4 6.8 customers 4.8 FY19 FY20 FY21 FY22 FY23 H1 FY24 • Contactable customers continues to grow to 10.0 million • Loyalty program membership now 7.1 million across TAF, Hype DC, Platypus, Mer
Slide 10: Growth plan update
Growth plan update ✓ Roll-out of new stores, growing the network to 888 with at least 20 new stores planned to open in H2 FY24. Stores and Online ✓ The Company sees a continued store roll-out opportunity in both its core banners and new businesses. ✓ Significant growth opportunity remains for online
Slide 11: Nude Lucy and Stylerunner
Nude Lucy and Stylerunner Strong Customer Appeal • Customer appeal driving sales densities in both online & in store Continued Store Expansion • 34 stores trading, with 10+ new stores planned over the next 18 Nude Lucy: Sorrento months Nude Lucy: Claremont New Footwear Led Strategy • New footwear le
Slide 12: The Athlete's Foot
The Athlete’s Foot Strong 5-Year Performance 155 146 • Driven by margin expansion, successful franchise buyback strategy & operational efficiencies 12 +81 Increased Margin Physical Stores 93 • Due to increased mix of distributed and vertical brands 73 acquisitions to date Franchise Buyback Update 13
Slide 13: Dividends and trading update
Dividends and trading update
Slide 14: Dividends and trading update
Dividends and trading update • Accent Group has announced an interim dividend for H1 FY24 of 8.50 cents per share, fully franked, payable on 21 March 2024 to shareholders registered on 7 March 2024. Dividends • Accent Group continues to be defined by strong cash conversion and the consistent strong
Slide 15: Appendix
Appendix Accent Group
Slide 16: Store network and distribution agreements
Store network and distribution agreements Store Network Store Network Dec-23 Distributed Hype, Subtype Glue, Nude Lucy, Store Network 1 Platypus Skechers TAF Other Brands Discountinued Total Brands Trybe Stylerunner Stores as at FY23 188 171 155 104 112 82 8 1 821 FY24 Stores Opened 22 17 4 10 1 18
Slide 17: Balance sheet
Balance sheet Balance Sheet Commentary • Inventory has decreased from H1 FY23 due to 31 Dec 2023 2 Jul 2023 1 Jan 2023 cleaner aged stock levels offset by the addition of 99 $000's H1 FY24 FY23 H1 FY23 new store openings since H1 FY23 Trade receivables and prepayments 48,339 40,433 53,709 Inventorie
Slide 18: Gross margin and FX rate
Gross margin and FX rate Statutory Gross Margin (%) and FX Rate Overview 59% 0.80 58% 0.76 57% 0.74 0.74 0.75 0.73 56% Gross Margin % 0.71 FX Rate 55% 0.70 54% 58.1% 0.68 57.3% 0.67 56.7% 56.6% 53% 55.2% 54.5% 0.65 52% 53.3% 51% 50% 0.60 H1 FY18 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY23 H1 FY24 Gross
Slide 19: 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 20: 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