Tandem Group Plc · LSE:TND
Tandem — Shareholder Meeting (June 2023)
12 slides from Tandem's shareholder meeting presentation, Jun 29, 2023
Slide 1: Annual General Meeting 29th June 2023
Annual General Meeting 29th June 2023
Slide 2: Agenda
AGENDA • Economic Landscape • Changing Landscape • Business Growth • Product & Brand Development • Warehouse Update • Colleague Update • Summary • Q&A • Warehouse Tour
Slide 3: Retail & Market Landscape
RETAIL & MARKET LANDSCAPE
Slide 4: Economic Landscape
Economic UK Petrol Price Hits Record Statista: 22nd March 2022 Landscape Levels Households across the U.K. are about to experience an 80% jump in energy costs NPR: 26th August 2022 Tavistock Times Gazette: 31st March 2023 Sectoral winners and losers, showing Wholesale & Retail has the greatest drop
Slide 5: Changing Landscape
• GBP against USD weakened • Overstocks in the market Changing during 2022 • Custom check delays in 2022 & Landscape • Expected +6% interest rates Q1 2023 in 2023 • 2023 supplier price decrease • Inflation rate at 8.7% June between 5% & 10% 2023 • FOB switching to DD opportunities • Downturn in dema
Slide 6: Business Growth
BUSINESS GROWTH
Slide 7: Business Growth
• New accounts trading this year with 2 large national Business retailers • Increased European distribution across 11 EU markets Growth • YoY growth in 5 major national retailers • Growing new national & independent bike dealer accounts • An increase of 65 new accounts since January 2023 • Growth of
Slide 8: Product & Brand Development: Bikes
Product & Brand Developmen t Bikes • Claud Butler: New adult e-MTB designed and developed • Most significant launch in recent years • Initial stock arrives of two models, mid July 2023 • 49% of units already sold via pre-orders from the first shipment • Dawes: New stylish hybrid men's & women’s e-bi
Slide 9: Product & Brand Development: MV Sports
Product & Brand Developmen t MV Sports • Products Licenses YTD April are 32% whole toy market, growing 10% YoY • Hold the majority of all boys and girls focussed licenses secured LY, continue for 2023 • No2 boy focussed license Marvel Spider-man continues for 2023 • Expanded European distribution ac
Slide 10: Product & Brand Development: Home, Garden & Leisure
Product & Brand Developmen t Home, Garden & Leisure • New Jack Stonehouse website / Garden & Leisure website migration, December 2022 • New domestic sourcing supplier secured in December 2022 • Growing domestic third party branded products, Morphy Richards introduced March 2023 • Introduced over 100
Slide 11: Colleagues
Colleagues • Increased talent across the business • ‘People Value’ rewards & benefits program • Onsite Cycle-to-Work facilities showers, cycle parking • New product colleague discount scheme • Additional EV parking charging bays • Monthly colleague ‘Suggestion Meetings’ • New canteen for all colleag
Slide 12: Summary
SUMMARY 1. Talented Colleagues Engaged and customer focused colleagues 2. Strong Balance Sheet Providing financial stability 3. Market Environment Structured to remain agile & responsive to opportunities 4. Increase Market Share New accounts, marketplaces and e-commerce platforms 5. Drive Operationa