Boohoo Grp Plc Unsp/Adr (BHOOY) Q4 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thanks for coming. I'm going to keep it brief as usual. I'm very happy to see there's not many of you here, but there you go. Listen, we've got a great business to whatever is going on in the external world. We have a super business, and we're just dealing with it. That's really the base of everything they're saying. We're dealing with everything. I'll pass it over to John, and he can explain, and Neil and Carol. Thanks, Mahmood, and good morning, everyone. Firstly, I'd like to take this opportunity to thank our teams across all of our brands for their continued hard work and commitment. Our people are crucial as we continue to invest in the business to ensure we have the right technology, infrastructure, and capacity to support our future growth. What we have achieved over the last two years is nothing short of exceptional. We have grown revenue by 61% across the group. We have increased our customer base by 43% to 20 million people. We have increased our market share by over 80% in the UK and US, and we have significantly extended our target addressable market with our acquisitions. We can now address everybody from 16 through to 50 plus. And the opportunity is huge with half a billion potential customers across our key markets. And we're investing for the future. We're increasing capacity across our UK distribution network to over four billion pounds and adding a US distribution center to take capacity to over five billion pounds. We're driving efficiencies across our existing sites through automation programs, bringing significant cost savings in future years. We're optimizing our supply chain, taking advantage of our diverse base to flex sourcing to markets closer to home. We have integrated our new brands to position them well for future growth, both in the UK ...