WELCOME TO OUR
H1 2022 FINANCIAL YEAR INVESTOR ROADSHOW
TODAY'S AGENDA
Overview & H1 2022 Results
Our Business Model
- Core strengths
- Strategy
- Ambitions
Our Strategic Progress
- Highlights
- Developing Online
- Building New Markets / Geography
- New Product Development
- Leveraging Our Brands
- Operational Capabilities & Efficiency
- ESG
Forward View & Summary
03.
OVERVIEW &
H1 2022 RESULTS.
OVERVIEW & H1 2022 RESULTS
H1 2022 OVERVIEW
+5% YOY
04.
Revenue (£M)
- 5% revenue growth despite significant macro headwinds shows resilience of brands
- Benefit of diversified sales markets negates weak consumer sentiment
- Operating margin up 8% : Cost pressures successfully passed through in price
- UK/US total online channels sales growth during pandemic maintained
- Stoke factory productivity up 5% YOY as capex automation starts to bed in
- Profit +30%
- Positive start to Q3 with growth YOY
- Reinstating interim dividend
+30% Y03Y
45.5
43.1
36.9
34.9
32.0
H1 2018 | H1 2019 | H1 2020 | H1 2021 | H1 2022 |
5% SALES GROWTH DESPITE
SIGNIFICANT MACRO HEADWINDS
2022
OVERVIEW & H1 2022 RESULTS
H1 2022 PERFORMANCE
2022 | 2021 | 2019 | 2022 v 2021 | 2022 v 2019 | |
£m | £m | £m | Change | Change | |
Revenue | 45.5 | 43.1 | 34.9 | +5% | +30% |
Headline* profit | 2.0 | 1.5 | 0.5 | +30% | +186% |
before tax | |||||
Headline* operating | 4.3% | 4.0% | 1.7% | +0.3% | +2.6% |
profit margin | |||||
Headline* EPS | 12.00p | 9.12p | 3.96p | +2.88p | +8.04p |
Dividends | 3.50p | 0.00p | 8.00p | +3.50p | -4.50p |
Net (debt)/cash | (6.8) | 0.1 | (5.8) | -6.9 | -1.0 |
*Headline numbers exclude exceptional items, restructuring costs.
05.
- Continued sales growth +5%
- Y03Y +30% sales growth
- Profit + 30%
- Dividends reinstated for FY21.
- Net debt due to cost inflation/FX and earlier US inventory purchases
2022