#1JD IAMJD adidas JD SPORTS FASHION PLC FINAL RESULTS JULY 2020 NIKE ENIN jd sports fashion plc#2JD JD FINAL UPSTALL WELCOME TO IAMJD JDSPORTS.CO.UK OP ON THE G0 34/7 DOWBOAD JD TH WELCOME TO JD OXFORD STREET ANTHONY JOSHUA OVERVIEW ANTHONY JOSHUA PETER COWGILL VALUE CASA DE BOLSA HERAPEDIC jd sports fashion plc C#3JD SUMMARY OF RESULTS. Revenue EBITDA Depreciation Operating Profit Excl Exceptionals Finance Costs (incl Lease Interest) Profit Before Tax & Exceptional Items Divisional Profit (1) - Sports Fashion Divisional Profit (1) - Outdoor Group Funding Costs Proforma IAS 17 £m 6,110.8 623.6 (151.8) 471.8 (6.2) 465.6 492.2 (20.4) (6.2) 465.6 Jan 20 Adjustment £m 356.2 (311.1) 45.1 (71.9) (26.8) (23.7) (3.1) (26.8) Reported IFRS 16 £m 6,110.8 979.8 (462.9) 516.9 (78.1) 438.8 468.5 (23.5) (6.2) 438.8 Jan 19 Reported IAS 17 £m 4,717.8 488.4 (126.9) 361.5 (6.3) 355.2 365.8 (4.3) (6.3) 355.2 Jan 20 v Jan 19 (IAS 17 v IAS 17) +30% +28% +31% +31% jd sports fashion plc (1) Divisional Profit includes a charge for £64.7m (Sports Fashion) and £7.2m (Outdoor) for lease interest calculated on a lease by lease basis in accordance with IFRS 16. Group Funding Costs are still regarded as cross divisional and so are not allocated to a specific Division. Therefore, Divisional Profit (incl lease interest charge) is the equivalent of Operating Profit under the previous presentation. 5#4JD FIVE YEAR HISTORY. Revenue (£m) EBITDA (£m) UK & ROI Europe United States Asia Pacific Profit Before Tax & Exceptional Items (£m) LFL Total Sports Fashion Sales (%) – (1) ● Jan 2020 Proforma IAS 17 £m 2,836.5 1,412.8 1,601.5 260.0 6,110.8 623.6 465.6 Reported IFRS 16 +12% +10% £m 979.8 438.8 Jan 2019 Reported IAS 17 £m 2,334.8 1,205.1 956.6 221.3 4,717.8 488.4 355.2 LFL Total Group Sales (%) 1) Reported LFL sales to Jan 2020 exclude the United States - total LFL sales (incl online) for the proforma 52 week period: Finish Line +9% Macy's +3% +6% +5% Jan 2018 Reported IAS 17 £m 2,229.6 799.7 132.1 3,161.4 385.2 307.4 +8% +7% Jan 2017 Reported IAS 17 £m 1,791.5 545.0 42.2 2,378.7 308.6 244.8 +15% +14% jdsportsfashion plc Jan 2016 Reported IAS 17 £m 1,635.6 185.7 0.4 1,821.7 209.1 157.1 +17% +16% 6#5JD CHIC CTED BY EE BOXPAST FELT SO.. CHIC IAM D IAM IAMJD FINANCIALS NEIL GREENHALGH W jdsportsfashion plc 15#6JD SPORTS FASHION: TRANSITION FROM IAS 17 TO IFRS 16. Revenue Gross Margin % EBITDA Depreciation Non-Trading Acquisition Amortisation Operating Profit (Excl Exceptionals) Finance Costs (Lease Interest Charge) Divisional Profit (Excl Exceptionals) Proforma IAS 17 £m 5,696.8 47.4% 629.6 (132.0) (5.4) 492.2 492.2 Jan 20 Adjustment £m 322.8 (281.8) 41.0 (64.7) (23.7) Reported IFRS 16 £m 5,696.8 47.4% 952.4 (413.8) (5.4) 533.2 (64.7) 468.5 Jan 19 Reported IAS 17 £m 4,296.4 48.0% 478.4 (110.2) (2.4) 365.8 365.8 Jan 20 v Jan 19 (IAS 17 v IAS 17) +33% +32% +35% jd sports fashion plc +35%#7JD SPORTS FASHION: SUMMARY. Revenue to Jan 2019 (£m) Revenue to Jan 2020 (£m) Reconciliation of Divisional Profit Proforma Divisional Profit / (Loss) under IAS 17 (£m) Net Impact of Transition to IFRS 16 (£m) Divisional Profit / (Loss) to Jan 2020 (£m) (4) Divisional Profit / (Loss) to Jan 2019 (£m) UK & ROI (1) 1,599.8 1,805.1 291.4 (6.8) 284.6 273.4 419 428 JD & Size? +12% Europe Asia Pac 621.9 801.9 52.4 (5.1) 47.3 45.5 264 315 127.3 +16% 231.9 7.6 United States 8.8 (0.3) (2.4) (0.1) 6.4 (0.4) 46 64 4.3 +5% 31.9 Stores Start Of Period Stores End Of Period Total LFL Sales (%) (5) (1) Profit in core UK & ROI business impacted by inefficiencies at Kingsway warehouse in the first half from short-term additional manual working (2) Includes 295 branded concessions within Macy's department stores (3) Includes Fashion fascias, Footasylum (acquisition completed 26 April 2019), Gyms and non-retail businesses (4) Includes a charge for lease interest calculated on a lease by lease basis in accordance with IFRS 16 (5) Reported LFL sales to Jan 2020 exclude the United States 5 Other International Fascias United States (2) 11 Europe 583.2 610.9 20.0 (1.9) 18.1 5.9 438 427 Asia Pac +8% 94.0 28.1 1,569.6 (1.2) (0.3) (1.5) (6.1) 33 952.3 2 98.2 (3.6) 94.6 27.9 878 803 Other (3) 313.6 617.4 22.9 (3.5) 19.4 12.9 84 153 +8% jd sports fashion plc Sports Fashion 4,296.4 5,696.8 492.2 (23.7) 468.5 365.8 2,167 2,203 +12%#8JD CONTRIBUTION FROM FINISH LINE AND JD IN THE UNITED STATES. Revenue GP% EBITDA Depreciation & Amortisation Proforma Operating Profit / (Loss) under IAS 17 Net Impact of Transition to IFRS 16 Reported Divisional Profit/ (Loss) ($m) Reported Divisional Profit / (Loss) (£m) Finish Line (1) $m 2,006.5 (1) Includes Macy's concessions (2) Post acquisition figures are from 18 June 2018-2 February 2019 (3) To present the results in line with the Group's financial period 42.9% 170.2 (44.8) 125.4 (4.6) 120.8 94.6 Jan 2020 JD $m $m 40.8 2,047.3 46.7% 1.4 (1.8) Total 43.0% (0.4) 171.6 (46.6) (0.4) 125.0 (0.1) (4.7) (0.5) 120.3 94.2 Jan 2019 Part Year Post Acquisition (2) Finish Line (1) $m 1,240.9 40.7% 68.7 (30.9) 37.8 37.8 27.9 JD (2) $m 5.9 44.5% (1.6) (0.3) (1.9) (1.9) (1.3) Total $m 1,246.8 40.7% 67.1 (31.2) 35.9 35.9 jd sports fashion plc 26.6 Jan 2019 52 Weeks Ended 2 Feb 2019 (3) Total $m 1,917.3 42.2% 125.4 (49.6) 75.8 75.8#9JD OUTDOOR: TRANSITION FROM IAS 17 TO IFRS 16. Revenue Gross Margin % EBITDA Depreciation Non-Trading Acquisition Amortisation Operating Profit (Excl Exceptionals) Finance Costs (Lease Interest Charge) Divisional Profit (Excl Exceptionals) Proforma IAS 17 £m 414.0 41.9% (6.0) (9.9) (4.5) (20.4) (20.4) Jan 20 Adjustment £m 33.4 (29.3) 4.1 (7.2) (3.1) Reported IFRS 16 £m 414.0 41.9% 27.4 (39.2) (4.5) (16.3) (7.2) (23.5) Jan 19 Reported IAS 17 £m 421.4 42.5% 10.0 (9.8) (4.5) (4.3) (4.3) jd sports fashion plc#10JD OUTDOOR: SUMMARY. EBITDA Trading Depreciation Non-Trading Acquisition Amortisation Operating Profit / (Loss) Excl Exceptionals Finance Costs (Lease Interest Charge) Reported Divisional Profit/ (Loss) EBITDA analysed as: Blacks / Millets Tiso Go Outdoors (incl. Go Outdoors Fishing) Proforma IAS 17 £m (6.0) (9.9) (4.5) (20.4) (20.4) 3.2 0.3 (9.5) Jan 2020 Adjustment £m 33.4 (29.3) 4.1 (7.2) (3.1) 13.1 1.6 18.7 Reported IFRS 16 £m 27.4 (39.2) (4.5) (16.3) (7.2) (23.5) 16.3 1.9 9.2 Jan 2019 Reported IAS 17 £m 10.0 (9.8) (4.5) (4.3) (4.3) 1.7 0.1 8.2 jd sports fashion plc#11JD BALANCE SHEET. Right-of-Use Asset Goodwill & Fascia Names Brand Licences & Owned Brands Other Intangibles Property, Plant & Equipment Other Fixed Assets & Investments Key Money & Store Deposits Stocks Debtors / Prepayments Net Cash / (Debt) Liabilities/Provisions Deferred Income On Lease Incentives Lease Debt IFRS 16 Jan 2020 £m 1,854.1 368.3 13.4 32.0 566.0 2.6 47.9 811.8 183.9 429.9 (1,028.0) (1,992.7) 1,289.2 Jan 2019 £m 1,780.2 356.1 12.1 26.1 539.8 0.1 57.8 763.8 177.2 125.2 (868.7) (1,892.9) 1,076.8 IAS 17 Jan 2020 £m 368.3 13.4 32.0 580.6 18.0 47.9 811.8 183.9 429.8 (1,041.7) (135.2) 1,308.8 Jan 2019 £m 356.1 12.1 26.1 539.8 21.4 57.8 763.8 177.2 125.2 (871.2) (131.5) 1,076.8 jd sports fashion plc#12JD CASHFLOW. Operating Profit (Pre Exceptional Items) Depreciation & Amortisation Repayment Of Lease Liabilities Lease Interest Increase In Stocks Other Working Capital Movements Net Cash Inflow From Operating Activities Net Taxation Net Funding Costs Capital Expenditure (Incl Bespoke Software Development) Net Proceeds From Disposals Free Cash Flow Net Acquisition & Investments (Incl Debt Acquired) Subsidiary Shares Issued to Non - Controlling Interests Group Dividends Dividends To Non-Controlling Interests In Subsidiaries Net Cash Generation / (Utilisation) Year to Jan 2020 £m 516.9 462.9 (264.8) (71.9) (9.5) 56.5 690.1 (97.8) (6.2) (177.2) 3.1 412.0 (89.3) (16.7) (1.3) 304.7 Year to Jan 2019 £m 361.5 126.9 (26.2) 3.3 465.5 (80.3) (6.3) (191.0) 1.0 188.9 (363.2) 6.4 (15.9) (0.7) (184.5) jd sports fashion plc#13JD ACQUISITIONS. Consideration Paid Net Cash Acquired Net Assets Acquired Intangible Assets Right of Use Assets Property, Plant & Equipment Stocks Debtors / Prepayments Liabilities / Provisions Interest bearings loans & borrowings Minority Interest On Acquisition (1) Being Rascal Clothing, Giulio & Pretty Green FootAsylum £m 86.0 (5.7) 80.3 64.6 100.4 25.6 39.6 19.4 (155.8) (13.5) 80.3 80.3 Other (1) £m 8.0 (2.0) 6.0 9.2 0.0 0.1 2.4 1.0 (3.2) (2.2) 7.3 (1.3) 6.0 Subsidiaries £m 94.0 (7.7) 86.3 73.8 100.4 25.7 42.0 20.4 (159.0) (15.7) 87.6 (1.3) 86.3 Other Investments £m 3.1 (0.1) 3.0 jd sports fashion plc Total £m 97.1 (7.8) 89.3#14JD STOCKS. JD & Size? Other International Other Sports Fashion Sports Fashion Outdoor TOTAL STOCKS UK & ROI Europe Asia Pac Europe Asia Pac United States Jan 2019 (1) Principally Footasylum £39.6m (2) Reflecting difference in exchange rates between period ends £m 176.1 51.8 38.2 110.4 11.3 210.7 62.8 661.3 102.5 763.8 Acquisition (1) £m 42.0 42.0 42.0 Cashflow FX Translation £m 11.3 12.6 (6.5) 5.0 (9.3) (5.8) (0.4) 6.9 2.6 9.5 (2) £m (0.6) (0.3) (1.0) I (1.6) (3.5) (3.5) Jan 2020 £m 187.4 63.8 31.4 114.4 2.0 203.3 104.4 706.7 105.1 811.8 jd sports fashion plc#15JD ADDITIONAL INVESTMENT IN INTERNATIONAL RETAIL. Retail Property Gyms Warehouse Projects Lease Premia, Key Money & Deposits Land & Buildings Sports Fashion - UK & Ireland Sports Fashion - International Other Outdoor Kingsway Alicante (incl new HO) Other Bury Head Office Campus Alicante Office & Warehouse Guidance to Jan 2021 £m 5.0 - 10.0 75.0-87.5 0-2.5 80.0 - 100.0 7.0 - 10.0 0-3.0 2.0-5.0 5.0 -7.5 1.0-2.5 0-1.0 0-1.0 15.0 -20 110.0 150.0 Year to Jan 2020 £m 16.7 84.2 5.6 106.5 9.0 6.9 12.2 7.4 2.2 0.5 2.1 30.4 177.2 Year to Jan 2019 £m 36.2 59.3 11.4 106.9 9.4 5.6 36.1 2.4 1.1 0.5 1.9 27.1 191.0 Year to Jan 2018 £m 30.3 38.6 10.8 79.7 12.2 10.9 24.5 16.6 3.0 jd sports fashion plc 12.6 15.0 12.1 186.6