Ig Design Group Plc · LSE:IGR
Ig Design — FY2025 Earnings Presentation
20 slides from Ig Design's earnings presentation, Jul 29, 2025
Slide 1: 2025 Full Year Results
2025 Full Year Results 29 July 2025 1
Slide 2: Introduction
Introduction • A strong focus on minimising the financial impact of the well documented external challenges • Successful divestment of DG Americas creating a simpler, more profitable and cash-generative Group • Clear opportunities ahead - sustainable growth in revenue and margin expected over coming
Slide 3: FY2025 Summary
FY2025 Summary • Revenue declined by 9% to $729.3m (FY2024: $800.1m) • Adjusted operating profit of $5.2m (FY2024: $31.1m) with margins down 320bps to 1% (FY2024: 4%) • Continued growth of SmartwrapTM • Year-end net cash position of $84.4m (FY2024: $95.2m), with a higher average cash position mainta
Slide 4: DG Americas FY2025 results & successful divestment
DG Americas FY2025 results & successful divestment 4
Slide 5: DG Americas
DG Americas DG Americas 2025 2024 Change $m $m Turnover 439.5 500.3 (12)% now successfully divested Adjusted Operating (Loss)/Profit (15.5) 6.8 (329)% Margin (3.5)% 1.4% (490)bps 60% of Group Revenue Revenue declined 12% Operational • Market softness and competitive US retail • Further site consolid
Slide 6: DGA divestment
DGA divestment In January, a customer bankruptcy impacted FY2025 profitability: • DGA’s fourth largest customer entered bankruptcy • Triggered a recognition of a significant non-cash impairment ($54.2 million) • Led to an end-to-end review of the business, including the categories operated in • Obje
Slide 7: FY2025 Group results
FY2025 Group results 7
Slide 8: DG International
DG International DG International 2025 $m 2024 $m Change A profitable, cash-generative business Turnover 289.8 299.8 (3)% Adjusted Operating Profit 28.1 32.3 (13)% Margin 10% 11% (110)bps Revenue declined 3% • Pricing (-$10m): competitive retail environment in Europe of Group Revenue 40% • Volume (-
Slide 9: Group Revenue
Revenue 2025 2024 Change Group Revenue $m $m % DG Americas 439.5 500.3 (12)% DG International 289.8 299.8 (3)% Total 729.3 800.1 (9)% DG International 9
Slide 10: Adjusted Operating Profit
Adjusted Operating Profit Adjusting Operating 2025 2024 Change Profit/(Loss) $m $m DG Americas (15.5) 6.8 (329)% DG International 28.1 32.3 (13)% Elims / Central costs (7.4) (8.0) - Total 5.2 31.1 (83)% DG International • DG Americas decline in profit due to lost sales volume, customer insolvencies
Slide 11: Financial Summary
Financial Summary Adjusted Reported 2025 2024 Change 2025 2024 $m $m $m $m Revenue 729.3 800.1 (9)% 729.3 800.1 Gross profit 106.9 142.1 (25)% 100.9 141.6 Gross margin 14.7% 17.8% (310)bps 13.8% 17.7% Overheads (101.7) (111.0) 8% (154.5) (112.6) Operating profit /(loss) 5.2 31.1 (83)% (53.6) 29.0 Op
Slide 12: Cash Flow
Cash Flow 2025 2024 • Working capital normalised versus $m $m significant release from lower Adjusted EBITDA 31.7 61.1 inventory levels in prior year Add back share-based payment charge 0.9 1.5 • Adjusting items include Movements in working capital (7.6) 26.7 restructuring outflows offset by propert
Slide 13: The Future
The Future 13
Slide 14: The Group Today
The Group Today Strong heritage, long-established & stable relationships, well-structured categories and product ranges across the UK, Europe and Australia Innovative product design Over 730 employees and development Over 22,000 SKUs Responsible Over 550 million units Market insight sourcing and man
Slide 15: Proforma Group
Proforma Group Pro forma (Group ex. DGA) FY2025 FY2024 FY2023 Revenue 289.7 299.7 297.4 Adjusted operating profit 20.7 24.3 13.1 Adjusted operating margin 7.1% 8.1% 4.4% FY2026 profit headwinds • Pricing pressures from competitive market • Tariff impact on continuing UK sales into the US • Continued
Slide 16: Reinstating Guidance
Reinstating Guidance* FY2026 FY2027-28 Opportunities for growth through expansion of: Revenue $270m-$280m +0-5% p.a. (beyond this guidance) Channels Adjusted Operating 3-4% 4-5% Customers & Margin geography Cash $40m-$45m +$6-8m p.a. Product Capital allocation • Organic growth – selective investment
Slide 17: Outlook
Outlook • Following the divestment, the Group will now be a simpler, more profitable and cash-generative business • Orderbook remains strong at 87% of budgeted revenues • Short-term challenges for the continuing Group • Medium-term sustainable growth in revenue and margin expected, delivering on opp
Slide 18: Investment Case
Investment Case 1. A strong, stable business at the core We can now focus on developing DG International from a stable platform, leveraging our strengths: We create long- We continuously We are diversified We are We have a standing innovate by product and environmentally financially robust partnersh
Slide 19: Appendix
Appendix 19
Slide 20: Future Financing
Future Financing Successfully negotiated new financing facilities which are better value and easier to manage • 3-year deal with HSBC and NatWest • £40m Recourse Receivables Finance Facility • No central overdraft facility • Interest charge on financed receivables, calculated at the applicable curre