WELCOME TO OUR 2021 FINANCIAL YEAR INVESTOR ROADSHOW
TODAY'S AGENDA
Overview & FY2021 ResultsOur Business Model
11. Core Strengths
12. Strategy
13. Ambitions
Our Strategic Progress
15. Highlights
16. Developing Online
22. Building New Markets / Geography
24. New Product Development
26. Leveraging Our Brands
30. Operational Capabilities & Efficiency
Forward View & Summary
03.
OVERVIEW &
FY2021 RESULTS.
OVERVIEW & FY2021 RESULTS
04.
FY21 OVERVIEW
• Record revenue year/ significant sales beat and corresponding profit pick up
• Growth across all key markets and all brands
• Online channels continue to be significant driver of growth
• Strong delivery on LT strategy despite ongoing Covid disruption
• Experienced teams navigated Covid supply chain disruptions enables strong Q4 beat
• Cash and balance sheet remain strong
2017
2018
2019
2020
2021
• Reinstating dividend FY21
2022
STRONG EXECUTION AND SALES PROFIT BEAT IN 2021
OVERVIEW & FY2021 RESULTS
FY2021 PERFORMANCE
2021 £m | 2020 £m | 2019 £m | 2021 v 2020 Change | 2021 v 2019 Change | |
Revenue | 106.0 | 87.9 | 92.8 | +21% | +14% |
Headline* profit before tax | 7.2 | 1.4 | 7.4 | +414% | -3% |
Headline* operating profit margin | 7.2% | 2.5% | 8.4% | +4.7% | -1.2% |
Headline* EPS | 38.85p | 4.96p | 56.32p | 33.89p | -17.47p |
Dividends | 13.00p | 0.00p | 8.00p | +13.00p | +5.00p |
Net cash/(debt) | 0.7 | 0.7 | (12.3) | - | +13.0 |
*Headline numbers exclude exceptional items, restructuring and GMP equalisation costs.
• Record sales year +21%
• Like for like sales +19%
• Profit 12% + ahead of initial expectations
• Dividends reinstated for FY21.
05.