Slide 1: NEXT July 2024 One year comparison
~ NEXT July 2024 One year comparison v July 2023* * July 2023 numbers have been restated to exclude brand amortisation
Slide 2: Income Statement | % Ownership basis
Income Statement | % Ownership basis £m July 2024 July 2023 Var Full Price Total Group sales 2,946 2,729 + 8.0% Total NEXT Trading sales 2,619 2,527 + 3.7% + 4.4% Online + 8.4% Retail LFL - 2.2% Retail - 2.6% Total sales are not presented on a statutory basis. July 2023 sales have been restated to i
Slide 3: Income Statement | % Ownership basis
Income Statement | % Ownership basis £m July 2024 July 2023 Var Total Group sales 2,946 2,729 + 8.0% Operating profit 491 459 + 6.9% Lease interest (24) (23) Operating profit incl. lease interest 467 436 + 7.1% External finance interest (15) (13) Profit before tax 452 422 + 7.1%
Slide 4: Income Statement | % Ownership basis
Income Statement | % Ownership basis £m July 2024 July 2023 Var Total Group sales 2,946 2,729 + 8.0% Operating profit 491 459 + 6.9% Lease interest (24) (23) Operating profit incl. lease interest 467 436 + 7.1% External finance interest (15) (13) Profit before tax 452 422 + 7.1% Amortisation (9) (3)
Slide 5: Income Statement | % Ownership basis
Income Statement | % Ownership basis £m July 2024 July 2023 Var Total Group sales 2,946 2,729 + 8.0% Operating profit 491 459 + 6.9% Lease interest (24) (23) Operating profit incl. lease interest 467 436 + 7.1% External finance interest (15) (13) Profit before tax 452 422 + 7.1% Tax charge (111) (99
Slide 6: Income Statement | % Ownership basis
Income Statement | % Ownership basis £m July 2024 July 2023 Var Total Group sales 2,946 2,729 + 8.0% Operating profit 491 459 + 6.9% Lease interest (24) (23) Operating profit incl. lease interest 467 436 + 7.1% External finance interest (15) (13) Profit before tax 452 422 + 7.1% Tax charge (111) (99
Slide 7: Cash Flow | Consolidated basis
Cash Flow | Consolidated basis £m July 2024 July 2023 Var Profit before tax 452 422 + 30m Depreciation & software amortisation 71 62 + 10m Capital expenditure (74) (84) 10m The cash flow statement is not presented on a statutory basis. The July 2023 comparisons have been restated to show profit pre-
Slide 8: Cash Flow | Capital expenditure
Cash Flow | Consolidated basis Capital expenditure Stores & other Technology £206m Warehouse March view £36m £167m £161m(e) £165m(e) £53m £57m £52m £64m £9m Stores £117m £49m £53m £11m £42m £62m £55m £60m £5m Jan Jan Jan Jan 2023 2024 2025(e) 2025(e)
Slide 9: Cash Flow | Consolidated basis
Cash Flow | Consolidated basis £m July 2024 July 2023 Var Profit before tax 452 422 Depreciation & software amortisation 71 62 Capital expenditure (74) (84) Working capital / other (215) (42) 173m Stock 113m Staff incentives 58m
Slide 10: Cash Flow | Consolidated basis
Cash Flow | Consolidated basis £m July 2024 July 2023 Var Profit before tax 452 422 Depreciation & software amortisation 71 62 Capital expenditure (74) (84) Working capital / other (215) (42) Tax paid (118) (90) Surplus cash 117 268 151m Full year surplus cash forecast(e) 651 684 33m
Slide 11: Cash Flow | Consolidated basis
Cash Flow | Consolidated basis £m July 2024 July 2023 Var Profit before tax 452 422 Depreciation & software amortisation 71 62 Capital expenditure (74) (84) Working capital / other (215) (42) Tax paid (118) (90) Surplus cash 117 268 Investments (10) (9) Buybacks £90.38 (125) £67.85 (167) Net cash fl
Slide 12: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 + 373m Reiss & FatFace Investments includes Brand name, Goodwill & Investments.
Slide 13: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 + 218m Reiss & FatFace stock 102 - Underlying stock 832 716 + 116m
Slide 14: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Stock 934 716 + 218m Reiss & FatFace stock 102 Jan 2025(e) Underlying stock 832 716 + 16% + 10% + 2.5 wks + 1.2 wks cover cover In transit + 32% + 20% In warehouse + 10% + 5% Warehouse stock includes Online returns due back from customers
Slide 15: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 Customer receivables 1,226 1,223 + 0.3% Credit sales year to July 2024 2,019 2,031 - 0.6% Credit sales includes Online and Retail credit sales and interest income
Slide 16: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 Customer receivables 1,226 1,223 Other debtors 203 130 + 73m Reiss & FatFace 29m International 3rd party trade 27m Pension escrow from buy in 10m Investments includes Brand
Slide 17: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 Customer receivables 1,226 1,223 Other debtors 203 130 Other creditors / derivatives (949) (812) 137m Reiss & FatFace + 86m Stock + 59m
Slide 18: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 Customer receivables 1,226 1,223 Other debtors 203 130 Other creditors / derivatives (949) (812) Pension surplus 38 131 - 93m Pension scheme closed in March 2024
Slide 19: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 Stock 934 716 Customer receivables 1,226 1,223 Other debtors 203 130 Other creditors / derivatives (949) (812) Pension surplus 38 131 Dividends (169) (168) Buyback commitments (135) - Ne
Slide 20: Net Debt and Financing
Net Debt and Financing Jan 2024 £700m Jan 2025 £625m(e) Investments Buybacks Special dividends Operational £317m(e) cash flow £812m(e) Ordinary dividends £259m(e) Capital expenditure £161m(e)
Slide 21: Surplus Cash and Investments
Surplus Cash and Investments The deals we did not do… Investments & Buybacks £317m(e) Great Great Add Right Brand Mgmt Value Investments £11m Price 2 fail test 5 fail test 5 fail test 6 fail test Buybacks to date £151m Company 1 £162m Fail on Company 2 Committed buyback £108m Company 3 price only Ba
Slide 22: Net Debt and Financing | Headroom
Net Debt and Financing | Headroom Other Group £1.26bn ~£400m(e) Investment facilities Headroom 2028 NEXT RCF £425m £850m(e) 2025 Bond Peak Oct 2024(e) £250m £625m(e) 2026 Bond Jan 2025 £250m 2028 Bond £300m Financing Net debt
Slide 23: Net Debt and Financing | Headroom
Net Debt and Financing | Headroom 2025’s Bond and other Group facilities repaid £975m ~£200m(e) Headroom 2028 2025 Bond NEXT RCF £775m(e) £425m Peak Oct 2025(e) £250m £625m(e) 2026 Bond Jan 2025 £250m 2028 Bond £300m Financing Net debt
Slide 24: Balance Sheet | Consolidated basis
Balance Sheet | Consolidated basis £m July 2024 July 2023 Var Fixed assets & software 773 736 Investments 570 196 373m Stock 934 716 Customer receivables 1,226 1,223 Other debtors 203 130 Other creditors / derivatives (949) (812) Pension surplus 38 131 Dividends (169) (168) Buyback commitments (135)
Slide 25: Retail
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Slide 26: Retail | Sales & Profit Analysis
Retail | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Full Price sales - 2.6% Full Price Like for Like sales - 2.2%
Slide 27: Retail | Sales & Profit Analysis
Retail | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Operating profit 98 101 Lease interest charge (17) (17) Operating profit incl. lease interest 81 84 - 3.2%
Slide 28: Retail | Sales & Profit Analysis
Retail | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Operating profit 81 84 - 3.2% % to sales 9.4% 9.5% - 0.1% Bought-in gross margin + 0.1% Surplus stock + 20% Markdown - 1.0% Lower clearance rates - 0.5% Achieved gross margin - 0.9% Operating profit includes lease
Slide 29: Retail | Sales & Profit Analysis
Retail | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Operating profit 81 84 - 3.2% % to sales 9.4% 9.5% - 0.1% Achieved gross margin - 0.9% Warehouse & distribution 0.0% Payroll - 0.9% Store occupancy + 0.9% Lower energy costs + 0.5% Rates refunds + 0.4%
Slide 30: Retail | Sales & Profit Analysis
Retail | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Operating profit 81 84 - 3.2% % to sales 9.4% 9.5% - 0.1% Achieved gross margin - 0.9% Warehouse & distribution 0.0% Payroll - 0.9% Store occupancy + 0.9% Central costs + 0.8% Margin movement - 0.1%
Slide 31: Retail
Retail £m July 2024 July 2023 Var Total sales 867 885 - 2.1% Operating profit 81 84 - 3.2% % to sales 9.4% 9.5% - 0.1% Retail margin 10.8%(e) 11.3% - 0.5% Operating profit includes lease interest.
Slide 32: Retail: Lease renewals
Retail £m Jan 2025(e) Jan 2024 Var Retail margin 10.8%(e) 11.3% - 0.5% Lease renewals full year 2024/25(e) Number Occupancy Annualised Weighted of stores saving cash saving avg. term 76 - 16% £3.6m 4.2 years
Slide 33: Retail: Lease renewals
Retail £m Jan 2025(e) Jan 2024 Var Retail margin 10.8%(e) 11.3% - 0.5% Lease renewals full year 2024/25(e) Number Occupancy Annualised Weighted of stores saving cash saving avg. term Pre 2018 28 - 29% £3.1m 4.5 years 76 - 16% £3.6m 4.2 years Post 2018 48 - 5% £0.5m 4.0 years
Slide 34: Online
DIVISIONAL ANALYSIS Online
Slide 35: Online | Sales Analysis
Online | Sales Analysis £m July 2024 July 2023 Var Full Price Total sales 1,603 1,498 + 7.0% + 8.4% Full price sales 2024 v 2023 UK total + 3.3% NEXT Brand UK + 2.2% Overseas + 22.8% LABEL UK + 4.8% Total + 8.4%
Slide 36: Online | Sales Analysis
Online | Sales Analysis £m July 2024 July 2023 Var Full Price Total sales 1,603 1,498 + 7.0% + 8.4% Full price sales 2024 v 2023 UK total + 3.3% Overseas + 22.8% Direct + 15% Total + 8.4% Aggregators + 43%
Slide 37: Online | Sales Analysis
Online | Sales Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Total sales by customer type 2024 v 2023 No. of Spend per Spend per customers customer % customer UK credit 2.9m + 2% - 4% £258 UK cash 3.5m + 9% - 1% £112 Overseas (nextdirect.com) 1.9m + 18% - 2% £164 Total 8.3m + 8%
Slide 38: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Underlying margin + 0.1% Overseas prices & Bought-in gross margin + 0.4% duty savings + 0.3% Markdown + 0.1% Lower clearance rates - 0.3% Achieved
Slide 39: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Wage inflation - 0.4% Middle East hub - 0.1% Achieved gross margin + 0.5% Delivery/returns income + 0.3% Warehousing & distribution - 0.1% Producti
Slide 40: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Marketing & photography - 1.0% Total spend £ £100m £78m + £22m
Slide 41: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Marketing & photography - 1.0% Total spend £ £100m £78m + £22m UK Overseas + £10m + £12m
Slide 42: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Marketing & photography - 1.0% UK sales The world is £460m changing… Natural search - £70m £390m - £50m £340m SS22 SS23 SS24
Slide 43: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Achieved gross margin + 0.5% Warehousing & distribution - 0.1% Marketing & photography - 1.0% Technology 0.0% Central costs + 0.7% Margin movement
Slide 44: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m July 2024 July 2023 Var Total sales 1,603 1,498 + 7.0% Operating profit 258 240 + 7.6% % to sales 16.1% 16.0% + 0.1% Total Online margin 16.5%(e) x16.0% + 0.5% Operating profit includes lease interest.
Slide 45: Online | Sales & Profit Analysis
Online | Sales & Profit Analysis £m Jan 2025(e) Jan 2024 Var Total Online margin 16.5%(e) 16.0% + 0.5% Margin by Online division NEXT Brand UK 19.7%(e) 19.9% - 0.2% LABEL UK 14.2%(e) 12.8% + 1.4% Overseas 13.9%(e) 13.0% + 0.9%
Slide 46: H1 Sales Growth | Insight
H1 Sales Growth | Insight ..a different cut of the numbers
Slide 47: Insight
Insight Retail - 2.6% Online + 8.4% Total Full Price incl. interest + 4.4%
Slide 48: Insight
Insight UK * + 1.0% NEXT Brand UK - 0.9% LABEL + 5.5% Overseas + 22.8% Total Full Price incl. interest + 4.4% * Includes interest
Slide 49: Insight
Insight Cumulative NEXT Brand product UK FP growth vs LY 6% 5% 4% 3% + 2.6% 2% TY 1% LY 0% - 1% - 0.9% - 2% February March April May June July Months
Slide 50: Insight
Insight NEXT FP UK vs LY 8% 6% + 5.1% 4% 2% + 2.9% + 0.3% 0% - 0.9% 1 - 2% - 2.5% - 3.1% UK established - 4% business - 6% - 7.4% - 8% February March April May June July Months
Slide 51: Insight
Insight Total FP Sales* NEXT FP UK vs LY + 6.9% 8% 6% + 5.9% + 5.1% 4% 2% + 2.9% + 0.3% 0% - 0.9% 1 - 2% - 2.5% - 3.1% UK established - 4% business - 6% - 7.4% - 8% February March April May June July 6 weeks Months to 7 Sept * Total FP sales includes NEXT UK, LABEL, Overseas & Finance
Slide 52: Insight + LABEL
Insight NEXT FP UK vs LY + LABEL vs LY 8% 6% + 5.1% 4% 2% + 2.9% + 1.0% + LABEL* 0% UK established - 2.5% 1 - 0.9% business - 2% - 3.1% - 4% - 6% - 7.4% * LABEL and total finance interest - 8% February March April May June July Months
Slide 53: Insight + Overseas
Insight NEXT FP UK vs LY + LABEL +vsOverseas LY vs LY 8% 6% 4% +4.4% + Overseas 2% + 1.0% + LABEL* 0% UK established 1 - 0.9% business - 2% - 4% - 6% * LABEL and total finance interest - 8% February March April May June July Months
Slide 54: Insight
Insight NEXT FP UK vs LY + LABEL +vsOverseas LY vs LY 8% 6% 4% +4.4% + Overseas 2% + 1.0% + LABEL 0% UK established 1 - 0.9% business - 2% - 4% - 6% * LABEL and total finance interest - 8% February March April May June July Months
Slide 55: Full Year Group Total Sales (e)
Full Year Group Total Sales (e) NEXT Brand UK Online 23% NEXT Finance UK established 5% 1 58% business NEXT Retail 30%
Slide 56: Full Year Group Total Sales (e)
Full Year Group Total Sales (e) LABEL UK 17% Growth 3% opportunities NEXT Overseas 15% NEXT Brand UK Online 23% NEXT Finance UK established 5% 1 58% business NEXT Retail 30%
Slide 57: Full Year Group Total Sales (e)
Full Year Group Total Sales (e) Total Platform 10% 3rd Party Brands 14% Growth WOB* & Licences 3% 42% opportunities NEXT Overseas 15%Online Platform Brand NEXT Brand UK Online 23% next.co.uk nextdirect.com NEXT Finance UK established 5% 58% business NEXT Retail 30% * NEXT Wholly Owned Brands
Slide 58: Full Year Group Total Sales (e)
Full Year Group Total Sales (e) Total Platform 10% 3rd Party Brands 14% WOB* & Licences 3% NEXT Overseas 15% Online Platform 60% NEXT Brand UK Online 23% next.co.uk nextdirect.com NEXT Finance 5% NEXT Retail 30% * NEXT Wholly Owned Brands
Slide 59: Online Platform
Full Year Group Total Sales (e) Content Online Recommendations Platform Ease of use Reliability next.co.uk nextdirect.com
Slide 60: Full Year Group Total Sales (e)
Full Year Group Total Sales (e) 3rd Party Brands 28% WOB & Licences 7% Content Recommendations Ease of use Brand 65% Reliability
Slide 61: Newness Choice Quality
3rd Party Brands Newness Choice Quality WOB & Licences Brand
Slide 62: WOB & Licences
3rd Party Brands WOB & Licences Wholly Owned Brands Brand Brand
Slide 63: Online UK & Overseas Wholly Owned Brands & Licences
Online UK & Overseas Wholly Owned Brands & Licences 3rd Party 250 Full Price sales £m £235m Brands 200 WOB & Licences 150 Design Source 100 £50m Buy 50 Brand £ 2020 2021 2022 2023 2024(e) Includes Overseas and excludes TP & Retail.
Slide 64: Online UK & Overseas Wholly Owned Brands & Licences
Online UK & Overseas Wholly Owned Brands & Licences 3rd Party 250 Full Price sales £m £235m Brands 200 WOB & Licences WOB 150 Design Source 100 Buy £50m 50 Brand £ 2020 2021 2022 2023 2024(e) Includes Overseas and excludes TP & Retail.
Slide 65: Online UK & Overseas Wholly Owned Brands & Licences
Online UK & Overseas Wholly Owned Brands & Licences 3rd Party 250 Full Price sales £m £235m Brands Licences 200 WOB & Licences WOB 150 Source Buy 100 £50m 50 Brand £ 2020 2021 2022 2023 2024(e) Includes Overseas and excludes TP & Retail.
Slide 66: 3rd Party Brands
3rd Party Brands WOB & Licences Brand Brand
Slide 67: 3rd Party Brands A-S list
3rd Party Brands A Jack & Jones Junior Rowlinson Abercrombie & Fitch Jack Wills Roxy 3rd Party Acantha Jack Wolfskin Royal Doulton Brands Accessorize Jasper Conran London Royal Worcester Acctim Clocks Jay-Be Ro&Zo WOB & Accurist JD Williams Ruff Licences Aden + Anais JDY Rug Guru adidas Jean Paul Ga
Slide 68: 3rd Party Brands
3rd Party Brands 3rd Party Full Price sales £m 400 Brands + 5.9% Last year… WOB & 380 - 1.5% • Profitability Licences 388 360 372 This year… 366 340 • Better stock of the best brands 320 Brand • Focus on premium 300 SS22 SS23 SS24 3rd Party Brands includes Overseas
Slide 69: 3rd Party Brands
3rd Party Brands 3rd Party Brands • Focus on premium WOB & Licences Launch of Brand
Slide 70: The right products
The right products 3rd Party Brands WOB & Licences Brand 270,000 products 8m customers
Slide 71: Matching customers with the right products
Matching customers with the right products • New search algorithm • Personalised search • Personalised product placements
Slide 72: Slide 72
Slide 73: Warehousing
Warehousing Automation target 50% By November 2024
Slide 74: Warehousing
Warehousing Automated online picking and packing participation 60% Achieved Aug 2024 50% Automation Target 40% Capacity 30% Reducing costs 20% Accuracy Picking Packing 10% Live Reliability Live 0% Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2024 2025
Slide 75: Warehousing: Reducing costs
Warehousing Reducing costs Net costs/savings £m Jan 23 Jan 24 Jan 25(e) Jan 26(e) Annualised(e) March est. - 5.4 + 3.5 + 4.4 + 21.3 + 23.8 Sept est. + 10.7 + 16.6 + 25.4 Difference + 6.3 - 4.7 + 1.6
Slide 76: Overseas
Overseas
Slide 77: Overseas
Overseas + 20%(e) Overseas sales and net margin v Jan 2024 £800m + 12% 4 year CAGR Convergence £700m £600m Marketing 14% £500m 15% Aggregators £400m 9% Net Margin £300m £200m 218 £100m £m 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25(e)
Slide 78: Overseas: Convergence of Overseas fashion
Overseas Full Year + 20%(e) Convergence Marketing Convergence of Overseas fashion Aggregators 2024/25(e)
Slide 79: Overseas marketing spend
Overseas Full Year 43 Overseas marketing spend + 20%(e) £41m No. of countries* Convergence • Higher selling prices 23 22 • Better ad returns 21 Marketing 19 £24m £22m Aggregators £18m £8m 2024/25(e) 2020/21 2021/22 2022/23 2023/24 2024/25(e) * Countries with spend greater than £50k
Slide 80: Overseas full price sales
Overseas Full Year Full price sales + 20%(e) Aggregators £826m NEXT Direct £691m Convergence Marketing Aggregators 2024/25(e) 2023/24 2024/25(e)
Slide 81: Overseas Sales | Participation
Overseas Full Year Sales | Participation + 20%(e) Aggregators NEXT Direct Aggregators Aggregators 32% Convergence 28% Marketing Aggregators NEXT Direct NEXT Direct 68% 72% 2024/25(e) 2023/24 2024/25(e)
Slide 82: Overseas sales growth and participation
Overseas Full Year Sales growth Full Year Sales | Participation + 20%(e) participation(e) growth(e) Aggregators Aggregators NEXT Direct 54% + 38% Convergence NEXT Direct + 13% 46% Marketing Aggregators 2024/25(e) 2023/24 2024/25(e)
Slide 83: Overseas regional sales analysis
Overseas The Americas Aggregators Long haul 10% India and Asia-Pacific NEXT Direct Middle East Regional sales analysis Short haul 90% Mainland Europe Ireland 2024/25(e)
Slide 84: Overseas regional sales analysis
Overseas H1 sales growth Market share* The Americas Nordstrom + 67% 0.0% Two notes of India and Asia-Pacific + 10% 0.0% caution… Regional Middle East + 7% 0.7% Annualisation? sales analysis Aggregators? Mainland Europe + 38% 0.1% Ireland + 20% 4.1% + 23% 0.1% * NEXT annual sales estimate for the 12
Slide 85: Future
Future Brand WOB & Licences 3rd Party Brands Total Platform
Slide 86: Future: Stretch content and operations
Future Brand WOB & Licences 3rd Party Brands Total Platform Stretch content and operations
Slide 87: Future: Stretch content and operations
Future Brand WOB & Licences 3rd Party Brands Total Platform Stretch content and operations
Slide 88: Future: Stretch content and operations
Future Brand WOB & Licences 3rd Party Brands Total Platform Stretch content and operations
Slide 89: Future: Stretch content and operations
Future Brand WOB & Licences 3rd Party Brands Total Platform Stretch content and operations
Slide 90: Slide 90
Slide 91: 2024/25(e) Full Year Full Price Sales Guidance
2024/25(e) Full Year Full Price Sales Guidance + 4.0%
Slide 92: 2024/25(e) Full Year Full Price Sales Guidance
2024/25(e) Full Year Full Price Sales Guidance + 4.0% 10% 8% + 7.7% + 8.5% v 2 years 6% v 1 year 4% + 4.4% + 3.7% 2% 0% H1 H2(e)
Slide 93: 2024/25(e) Full Year Full Price Sales Guidance
2024/25(e) Full Year Full Price Sales Guidance + 4.0% 10% 8% + 7.7% v 2 years 6% v 1 year 4% + 5.0% + 4.4% 2% + 2.5% Q3(e) Q4(e) 0% H1 H2(e)
Slide 94: 2024/25(e) Full Year Full Price Sales Guidance
2024/25(e) Full Year Full Price Sales Guidance UK + 1.4% Overseas + 19.6% Total Full Price incl. interest + 4.0% Previous guidance + 3.4%
Slide 95: 2024/25(e) Full Year Profit Guidance
2024/25(e) Full Year Profit Guidance March Guidance 2023/24 + 2.5% £918m Total profit from FP sales, + 70m TP & investments - 94m Cost increases Cost savings + 66m March est. £960m 2024/25(e)
Slide 96: 2024/25(e) Full Year Profit Guidance
2024/25(e) Full Year Profit Guidance If sales… 2023/24 + 4.0% £918m Sales Margin Total profit from FP sales, + 70m + 27m + 12m TP & investments Staff costs & other Marketing - 4m - 15 m - 94m Cost increases Warehouse & Logistics Cost savings + 66m + 15m £995m + 8.4% 2024/25(e)
Slide 97: 2024/25(e) Full Year Profit Guidance
2024/25(e) Full Year Profit Guidance If sales… 2023/24 + 4.0% £918m Total profit from FP sales, TP & investments + 70m + 27m + 12 m - 4m - 15 m - 94m Cost increases Cost savings + 66m + 15m Provisions in - 10m subsidiaries Bad debt + 10m provision release £995m + 8.4% 2024/25(e)
Slide 98: 2024/25(e) Full Year Guidance
2024/25(e) Full Year Guidance Profit guidance Full Price sales + 4.0% Total Group sales + 6.6% Profit* £995m + 8.4% Pre-tax EPS* 830.4p + 9.7% Post-tax EPS* 625.7p + 8.1% * Pre-amortisation and exceptionals.
Slide 99: Slide 99