QVC Group, Inc. · NASDAQ:QVCG
QVC — Qurate Retail — Q1 2022 Earnings Presentation
11 slides from QVC's earnings presentation, May 5, 2022
Slide 1: Q1 2022 Earnings Presentation
Q1 2022 Earnings Presentation
Slide 2: Safe Harbor and Non-GAAP Measures
Safe Harbor and Non-GAAP Measures This presentation includes certain forward-looking statements within the This presentation includes non-GAAP financial measures including adjusted meaning of the Private Securities Litigation Reform Act of 1995, including OIBDA, adjusted OIBDA margin, free cash flow
Slide 3: Revenue & Adjusted OIBDA: Business Segment Contribution
Revenue & Adjusted OIBDA Business Segment Contribution Q1 2022 9% 10% 8% 30% 23% Revenue Adjusted OIBDA $2.9B $335M (14)% vs 2021 Cornerstone (35)% vs 2021 Zulily 66% 59% QVC International QxH (5)% $1.8B eCommerce Revenue I 61% of Revenue (14)% vs 2021 Note: Percentages within the stacked bars exclu
Slide 4: Revenue & Adjusted OIBDA: Prior Year Quarterly Comparative
Revenue & Adjusted OIBDA Prior Year Quarterly Comparative REVENUE 2021 2022 Q1 Q2 Q3 Q4 FY-21 Q1 QxH 8% (1)% (8)% (7)% (3)% (13)% QVC International 22% 11% (3)% (9)% 4% (13)% QVC International A 15% 5% (4)% (5)% 2% (7)% Zulily 19% (6)% (17)% (30)% (11)% (38)% Cornerstone 41% 18% 7% 8% 16% 19% Total
Slide 5: QxH Category Performance
QxH Category Performance Prior-Year Comparative 2021 2022 Q1 Q2 Q3 Q4 FY-21 Q1 Home 14% (3)% (17)% (14)% (7)% (16)% Electronics 16% (23)% (13)% (12)% (10)% (27)% Apparel (3)% 19% 8% 19% 10% 2% Beauty (1)% (10)% (6)% 4% (3)% (9)% Accessories 12% 11% (4)% (3)% 4% (15)% Jewelry 0% (7)% 2% 0% (1)% (11)%
Slide 6: QxH Category Mix Shift to Apparel
QxH Category Mix Shift to Apparel Category % of Revenue 2% 3% 2% 5% 5% 5% 12% 12% 12% Other Jewelry 16% 15% 15% Accessories 17% 15% 18% Beauty 10% 9% Apparel 10% Electronics Home 38% 40% 39% Q1-20 Q1-21 Q1-22 Fashion Categories: Apparel, Beauty, Accessories and Jewelry Home Categories: Home and Elec
Slide 7: QxH Customer Profile
QxH Customer Profile Trailing Twelve Months Ended March 2022 Existing 54% Reactivated Existing 89% 6% Reactivated 22% New 5% Percentage of Percentage of All Customers Shipped Sales New 24% Existing Customers Annual Purchases: 28 Items purchased $1.4K Spend New: Never purchased previously Reactivated
Slide 8: QxH Customer Count
QxH Customer Count Last 12 Months Ended March 31 (‘000s) 11,777 10,553 2,611 9,923 2,284 2,146 3,613 2,684 2,385 5,585 5,553 5,392 2020 2021 2022 Existing New Reactivated New: Never purchased previously Reactivated: Purchased in past, but not in last 12 months Existing: Made a purchase in two consec
Slide 9: QxH Adjusted OIBDA Margin
QxH Adjusted OIBDA Margin Basis Point Change Year Over Year Fiscal 2022 Q1 Trend Driver Q1 Prior Year 18.0% Initial Margin (Category Mix and Pricing) Gross Margin Product Margin1 140 Returns | S&H Revenue Network Optimization Gross Margin Fulfillment2 (165) Capacity Inefficiencies (including Rocky M
Slide 10: Qurate Retail, Inc. Free Cash Flow
Qurate Retail, Inc. Free Cash Flow US$ Millions Three Months Ended March 31 2021 2022 Net Cash Provided (Used) by Operating Activities 153 (179) Less: Capital Expenditures (47) (43) Less: Expenditures for Television Distribution Rights (56) (2) Less: Investments in Green Energy1 (40) (6) Less: Divid
Slide 11: Qurate Retail, Inc.
qu rate RETAIL, INC. Qvc | GH | zufily. | Baviann DESIGNS | FRONTGATE | Garnet Hill’ | grandinroad.