Super Retail Group Limited · ASX:SUL
Super Retail — Shareholder Meeting (October 2023)
32 slides from Super Retail's shareholder meeting presentation, Oct 25, 2023
Slide 1: 2023 AGM Addresses and Presentation
ASX ANNOUNCEMENT Wednesday, 25 October 2023 2023 AGM Addresses and Presentation In accordance with ASX Listing Rule 3.13.3, Super Retail Group Limited (ASX:SUL) attaches the addresses and presentation to be delivered by Sally Pitkin AO, Chair and Anthony Heraghty, Group Managing Director and Chief E
Slide 2: Chair's Address
Super Retail Group Limited 2 2023 Annual General Meeting Wednesday, 25 October 2023 Chair’s Address I am pleased to report another strong year for Super Retail Group. The Group’s clear business strategy, adaptability and sound financial position helped ensure we continued to perform well in the 2023
Slide 3: Chair's Address (continued)
Super Retail Group Limited 3 The framework sets out our commitment to the Super Retail Group team, community, responsible sourcing, the circular economy and to limiting the impact of climate change. We recognise we need to keep learning, adapting and improving every day so we can build a more sustai
Slide 4: Chair's Address (continued)
Super Retail Group Limited 4 After reviewing the Board standing committees and their respective charters and responsibilities, the Directors resolved to establish a Board Risk and Sustainability Committee. This Committee commenced in September 2023, at a time when the Audit and Risk Committee became
Slide 5: Group MD and CEO's Address
Super Retail Group Limited 5 2023 Annual General Meeting Wednesday, 25 October 2023 Group MD and CEO's Address Introduction Thank-you Sally and good morning everyone. It is my pleasure to provide you with an overview of the 2023 financial year and an update on our year-to-date trading performance. D
Slide 6: CEO address: financial and customer highlights
Super Retail Group Limited 6 This translated to normalised profit before tax (PBT) of $391 million which was up $41.0 million or almost 12 per cent on FY22. At the bottom line, statutory NPAT was up 9 per cent to $263 million and normalised NPAT was up 12 per cent to $274 million. Strong operating c
Slide 7: CEO address: store roll-out and digital highlights
Super Retail Group Limited 7 its regional store roll-out strategy, with four new stores in Ballina, Dubbo, Nowra and Tamworth. This year BCF successfully launched its superstore format in Townsville and Kawana in Queensland. The Townsville superstore remains on track to achieve $20 million in sales
Slide 8: CEO address: strategy and segment results
Super Retail Group Limited 8 3. Connecting our omni-retail supply chain 4. Simplifying the business, and 5. Excelling in omni-retail In FY24 the Group expects to spend $150 million in furthering our strategic objectives including investments in our store development program, a new automated national
Slide 9: CEO address: rebel segment
Super Retail Group Limited 9 I should make special mention of Gary and his team’s absolute confidence in the success of the Matildas in the World Cup. Twelve months ago when he advised me how many Matilda’s jerseys he was ordering I thought it was a typo but come July this year their foresight paid
Slide 10: CEO address: BCF and Macpac
Super Retail Group Limited 10 Turning to financial highlights on the next slide: Total sales grew by 1 per cent to $840 million (or 3 per cent adjusted for the 53rd week) Like-for like sales were flat as higher transaction volumes were offset by a modest decline in ATV Like-for-like sales grew
Slide 11: CEO address: trading update and outlook
Super Retail Group Limited 11 Accelerating sales growth in BCF has been supported by contribution from new stores and increased demand in boating, fishing and water sports. Macpac is cycling 76 per cent like-for-like sales growth in the pcp. Sales in travel related categories (backpacks and luggage)
Slide 12: CEO AGM Presentation
2023 Super Retail Group CEO AGM Presentation Authorised for release by the Board of Super Retail Group Limited 25 October 2023 Anthony Heraghty Group Managing Director & Chief Executive Officer
Slide 13: Group highlights
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Slide 14: FY23 financial highlights
FY23 financial highlights GROUP SALES SALES GROWTH NORMALISED EBIT NORMALISED PBT $3.8b 7% $438m $391m DIVIDENDS PER NORMALISED NET STATUTORY NET SHARE, FULLY PROFIT AFTER TAX PROFIT AFTER TAX NORMALISED EPS FRANKED $274m $263m 121¢ 103¢ SUPER RETAIL GROUP 3
Slide 15: Customer highlights
Customer highlights Added over 1 million active club members in the past 12 months ACTIVE CLUB CLUB MEMBER CLUB MEMBER MEMBERS1 NPS % OF SALES 10.3m (UP >1 MILLION) 67 (UP 2) 73% (UP 3%) CLUB MEMBER CLUB MEMBER CLUB MEMBER CLUB MEMBER NPS (UP 2) NPS (UP 3) NPS (UP 5) NPS (DOWN 2) 67 65 71 67 CLUB ME
Slide 16: Store network highlights
Store network highlights Strong pipeline of new store openings and store upgrades in FY24 NEW TARGETED STORES STORE CURRENT OPENED IN OPENINGS IN STORES FY231 FY24 736 24 24 TARGETED TARGETED TARGETED TARGETED STORE STORE STORE STORE OPENINGS OPENINGS OPENINGS 2 OPENINGS 8 2 7 7 TARGETED TARGETED TA
Slide 17: Digital and omni-retail highlights
Digital and omni-retail highlights CLICK & Online sales represent 12 per cent of Group sales ONLINE SALES COLLECT GROUP % OF TOTAL % OF ONLINE ONLINE SALES SALES SALES FY23 BRAND SALES BY CHANNEL $445m 12% 48% HOME DELIVERY % OF SALES TOTAL % OF ONLINE COMPLETED IN 4 YEAR CAGR IN GROUP SALES STORE O
Slide 18: Sustainability and team – achievements and key performance measures
Sustainability and team – achievements and key performance measures PEOPLE PLANET 11.0 >3,300 78,411 58% 1,494,200 125,027 Training hours Diversion rate for Recycled litres of oil Recycled car batteries Total Recordable Team members delivered to more than waste material in through Supercheap through
Slide 19: Our strategy
1 GROW THE FOUR Our strategy CORE BRANDS Growing annual 2 LEVERAGE CLOSENESS TO OUR CUSTOMER customer value PRIMARY VALUE Ensuring organic growth and 3 CONNECTED OMNI-RETAIL SUPPLY CHAIN LEVERS capital discipline 4 Being an SIMPLIFY THE efficient BUSINESS omni-retailer 5 EXCEL IN OMNI-RETAIL EXECUTI
Slide 20: Segment results
Segment results FY23 FY22 $m (52 weeks) (53 weeks) Segment Sales PBT Sales PBT Supercheap Auto 1,447.9 204.0 1,339.8 176.1 rebel 1,309.1 146.0 1,212.0 141.0 BCF 839.9 51.0 829.7 59.6 Macpac 216.4 28.7 176.8 18.6 Group and (10.7) (39.1) (7.4) (45.7) Unallocated Total 3,802.6 390.6 3,550.9 349.6 SUPER
Slide 21: Supercheap Auto highlights
Supercheap Auto highlights Supercheap Auto is Australia and New Zealand’s favourite specialty automotive parts and accessories retail business1 • Record full year sales • Record club member NPS score • In-store service program undertook a record number of fitments (769,000) • Added more than 550,000
Slide 22: Supercheap Auto: total sales increased by 8 per cent to $1.45 billion
• Total sales increased by 8 per cent to $1.45 billion (or 10 per cent adjusted for FY23 FY22 Adjusted $m Change the 53rd week in FY22) (52 weeks) (53 weeks) Change1 • Like-for-like sales of 10 per cent reflected growth in transaction volumes and higher average transaction value (ATV) Sales 1,447.9
Slide 23: rebel highlights
rebel highlights rebel is Australia’s leading sporting goods and apparel retailer. Our goal is to inspire all Australians to live their sporting dreams and passion • Record full year sales • Opened four rebel customer experience (rCX) stores bringing total rCX store count to 151 • Top three performi
Slide 24: rebel: total sales increased by 8 per cent to $1.31 billion
• Total sales increased by 8 per cent to $1.31 billion (or 10 per cent adjusted for the 53rd FY23 FY22 Adjusted week in FY22) $m Change (52 weeks) (53 weeks) Change1 • Like-for-like sales increased by 9 per cent driven by growth in transaction volumes • Performance sports (basketball and football) w
Slide 25: BCF highlights
BCF highlights BCF is Australia’s favourite1 outdoor retailer, with stores in every Australian state and territory • Record sales result with improved sales momentum in H2 • Successfully launched BCF superstore format in Townsville and Kawana • Townsville superstore on track to achieve >$20 million
Slide 26: BCF: total sales increased by 1 per cent to $840 million
• Total sales increased by 1 per cent to $840 million (or 3 per cent adjusting for the FY23 FY22 Adjusted $m Change 53rd week in FY22) (52 weeks) (53 weeks) Change1 • Like-for-like sales were flat as higher transaction volumes were offset by a modest decline in ATV Sales 839.9 829.7 1.2% 2.6% • Fish
Slide 27: Macpac highlights
Macpac highlights Macpac products are made by adventurers for adventurers. We design products that are functional, technical and robust to help equip outdoor enthusiasts to adventure better • Record full year sales of over $200 million • Delivered above 20 per cent growth in annual customer transact
Slide 28: Macpac: total sales increased by 22 per cent to $216 million
• Total sales increased by 22 per cent to $216 million (or 27 per cent adjusting for the FY23 FY22 Adjusted $m Change 53rd week in FY22) (52 weeks) (53 weeks) Change1 • Like-for-like sales increased by 24 per cent, driven by strong transaction growth and higher ATV compared to the pcp Sales 216.4 17
Slide 29: Trading update
Trading update SUPER RETAIL GROUP 18
Slide 30: FY24 trading update
FY24 trading update • Group like-for-like and total sales growth as at week 16 are as follows: Total sales growth Like-for-like sales growth Like-for-like sales growth FY24 vs FY23 FY24 vs FY23 FY23 vs FY22 (Weeks 1 to 16) (Weeks 1 to 16) (Weeks 1 to 16) Supercheap Auto 4% 4% 23% rebel 2% 0% 20% BCF
Slide 31: FY24 trading update cont.
FY24 trading update cont. • Group gross margin as a percentage of sales is modestly favourable to the prior comparative period despite the impact of weaker currency on cost of goods sold • As previously announced to the market, as a result of continued inflationary pressures on wages, rents and elec
Slide 32: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Super Retail Group Limited ABN 81 108 676 204 ("SRG"). It provides summary information about the activities of SRG and its subsidiaries current as at the date of this presentation. The information in this presentation is of a gen
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