Signa Sports United N.v. · OTC:SSUNF
Signa Sports United — Q2 FY22 Earnings Presentation
21 slides from Signa Sports United's earnings presentation, Jun 2, 2022
Slide 1: Q2 FY22 Earnings Presentation
Q2 FY22 Earnings PRESENTATION 2 June 2022 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer SIGNA SPORTS UNITED This presentation (“Presentation”) is provided by SIGNA Sports United N.V. (“SSU”, and together with its consolidated subsidiaries, the “Group”) for informational purposes only. The information contained herein does not purport to be all-inclusive and neither the Compa
Slide 3: Key Pro Forma Highlights
KEY PRO FORMA HIGHLIGHTS SIGNA SPORTS UNITED NET REVENUE PF LTM Revenue €1.29B STRONG UNIT ECONOMICS PF LTM Gross Margin(1) 38% PROFITABILITY PF LTM Adjusted EBITDA(2) 0.4% of LTM Net Revenue €5M SCALED CUSTOMER BASE PF LTM Active Customers 7.4M+ GROWING ORDERS PF LTM Net Orders 11M Source: Company
Slide 4: Business Update
BUSINESS uPDATE 01. Business update 02. Financial performance 03. Outlook 04. APPENDIX
Slide 5: Business Highlights Q2 FY22: focus on execution
BUSINESS HIGHLIGHTS Q2 FY22: focus on execution SIGNA SPORTS UNITED MARKET UPDATE Continued severe inbound shortage in full-bike inventory, especially e-bikes, amidst COVID-19 supply disruptions, continued to negatively impact growth potential Macro and geopolitical factors impacting global consumer
Slide 6: Strengthening footprint
SIGNA SPORTS UNITED Strengthening footprint Connected retail network expansion (+126) Tennis-Point Paris and Verona flagship stores U.S. Expansion Leadership team established Bike Owned brands, DTC planned H1 FY23 Tennis-Point activations and partnerships Owned brands New dhb, Nukeproof and Vitus mo
Slide 7: SSU commitment to sustainability
SSU commitment to sustainability SIGNA SPORTS UNITED Climate neutral company for 3rd consecutive year First SIGNA Sports United ESG Report released on June 2, 20221 Dedicated ESG team Turning our vision into action Note: (1) SIGNA Sports United ESG report available on https://signa-sportsunited.com/
Slide 8: Financial Performance
01. Business Update 02. Financial Performance 03. Outlook 04. APPENDIX Financial Performance
Slide 9: Q2 FY22 Operating Performance
Q2 FY22 OPERATING PERFORMANCE SIGNA SPORTS UNITED ACTIVE CUSTOMERS Recently closed acquisitions meaningfully augment scale of SSU platform to 7.4M active customers (+62% YoY) Decline in pro forma organic traffic due to supply constraints and lapping spikes due to COVID-19 driven lockdowns Targeted m
Slide 10: Q2 FY22 Financial Performance
H1 FY21 H1 FY22 YoY PF YoY Q2 FY22 financial PERFORMANCE SIGNA SPORTS UNITED NET REVENUE Recent acquisitions offer significant additional scale: net revenue reported growth in Q2 FY22 of +48%, aided by WCRC contribution Net revenue PF yoy decline affected by supply constraints in full-bike and softe
Slide 11: Outlook
Outlook 01. Business update 02. Financial performance 03. Outlook 04. APPENDIX
Slide 12: FY22 Guidance Confirmation
FY22 GUIDANCE CONFIRMATION SIGNA SPORTS UNITED Market / business UPDATE Favourable structural megatrends remain, double-digit top line growth expected to return when pressures ease Short-term challenges remain relating to consumer demand against inflationary backdrop, COVID-19 and geopolitical devel
Slide 13: Investing for Sustainable Long-term Growth: execution on track
investing for Sustainable Long-term Growth: execution on track SIGNA SPORTS UNITED Operating platform Further localise fulfilment network Migrate acquired assets to standardised tech platform Expand omnichannel approach (flagship stores, connected retail) M&A synergy Strategy and market alignment in
Slide 14: Confirming Long-Term Target Financial Model
Confirming LONG-TERM TARGET FINANCIAL MODEL SIGNA SPORTS UNITED FINANCIAL TARGETS OVERVIEW PF FY21(1) LONG-TERM E-commerce Gross Margin 38.9% 37 – 39% Personnel (10.1%) (8) – (10) % Logistics (10.3%) (8) - (9)% Marketing (7.0%) (5) – (6) % IT / Other (6.2%) (4) – (6) % E-Commerce Adj. EBITDA(2) 5.4%
Slide 15: SSU upcoming investor conferences
SSU upcoming investor conferences SIGNA SPORTS UNITED Barclays European Internet & Emerging Tech Conference June 10, 2022 Virtual Credit Suisse Mobility Forum June 21, 2022 Virtual Jefferies Global Consumer Conference June 21, 2022 Nantucket, MA
Slide 16: Appendix
APPENDIX 01. Business Update 02. Financial Performance 03. Outlook 04. APPENDIX
Slide 17: Key performance indicators
Key performance indicators SIGNA SPORTS UNITED Source: Company information. Note: SSU (Reported View) excludes the impact of WiggleCRC, Tennis Express acquisitions until Q2 FY22. Midwest Sports included from 09-May-2021. Pro Forma SSU includes full-year impact of WiggleCRC, Midwest Sports, and Tenni
Slide 18: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA SIGNA SPORTS UNITED Note: All metrics exclude the impact of Tennis Express and WiggleCRC acquisitions. Midwest Sports contribution included from 01-May-21.
Slide 19: SSU Financial Position as of Q2 FY22 and Cap Table
SSU FINANCIAL POSITION AS OF Q2 FY22 SIGNA SPORTS UNITED CAP TABLE(1) Source: Company information. Note: For further information on terms of warrants, see page 182 of SEC filing. (1): Excludes 51.0M earnout shares issuable to SISH upon meeting certain share price targets. Earnout shares are split in
Slide 20: Defined Terms
Defined Terms SIGNA SPORTS UNITED
Slide 21: Thank You
THANK YOU SSU Investor Relations https://investor.signa-sportsunited.com SSU Investors Contact Alima Levy a.levy@signa-sportsunited.com +49 174 7304938 SIGNA SPORTS UNITED