#1FULL YEAR RESULTS 22.06.22 // LONDON FULL YEAR RESULTS TILILTE NIKE M addos OUR UNDERA FULL YEAR RESULTS TO 29 JAN 2022 2022 WELE JD JD Group#2AGENDA Introduction Helen Ashton - Interim Chair Financials Neil Greenhalgh - CFO What Makes JD A Success Kath Smith - Interim CEO North America Developments Wayne Davies - Joint CEO JD NA /////// JUNE 2022 /////// Brand Partnerships Michael Armstrong - Group Buying Director Synopsis & Outlook Helen Ashton - Interim Chair Q&A Helen Ashton & Kath Smith JD Group#3JD Group#4Strong Financial Performance FULL YEAR RESULTS Corporate Governance Review AIR & MAX /////// 2022 /////// Chair & CEO Succession Process ESG / Covid Support JD Group#5///// FULL YEAR RESULTS 22.06.22 // LONDON // FULL YEAR RESULTS NEIL GREENHALGH // CFO /////// FINANCIALS THE NORTH FACED /////// NEVER STOP EXPLORING 2022 THE NORTH FACE /////// JD JD Group#6Summary of Results Revenue EBITDA Depreciation FULL YEAR RESULTS Operating Profit Excl Exceptionals Finance Costs (incl Lease Interest) Profit Before Tax & Exceptional Items Divisional Profit - Sports Fashion Divisional Profit - Outdoor Group Funding Costs Proforma IAS 17 £m 8,563.0 * IAS17 is used internally to measure financial performance 1,196.7 (231.8) 964.9 (7.0) 957.9 939.0 25.9 (7.0) 957.9 Jan 2022 Adjustment £m 410.1 (361.3) 48.8 (59.5) (10.7) (10.7) (10.7) Reported IFRS 16 £m 8,563.0 1,606.8 (593.1) 1,013.7 (66.5) 947.2 928.3 25.9 (7.0) 947.2 2022 /////// Proforma IAS 17 £m 6,167.3 649.3 (183.1) 466.2 (6.1) 460.1 469.5 (3.3) (6.1) 460.1 Jan 2021 Adjustment £m 340.9 (324.8) 16.1 (54.9) (38.8) (36.0) (2.8) (38.8) Reported IFRS 16 £m 6,167.3 990.2 (507.9) 482.3 (61.0) 421.3 433.5 (6.1) (6.1) 421.3 JD Group#7Five Year History Revenue (Em) UK & ROI Europe IFRS 16 North America Asia Pacific FULL YEAR RESULTS EBITDA (Em) Profit Before Tax & Exceptional Items (£m) IAS 17 EBITDA (Em) Profit Before Tax & Exceptional Items (£m) * IAS17 is used internally to measure financial performance Jan 2022 £m 3,720.8 1,947.9 2,591.8 302.5 8,563.0 1,606.8 947.2 1,196.7 957.9 Jan 2021 £m 2,800.7 1,336.6 1,770.4 259.6 6,167.3 990.2 421.3 649.3 460.1 2022 Jan 2020 £m 2,836.6 1,412.8 1,601.4 260.0 6,110.8 979.8 438.8 623.6 465.6 /////// Jan 2019 £m 2,334.8 1,205.1 956.6 221.3 4,717.8 488.4 355.2 JD Group Jan 2018 £m 2,229.6 799.7 132.1 3,161.4 385.2 307.4#8Sports Fashion Summary Revenue to Jan 2021 (Em) Revenue to Jan 2022 (Em) Gross Profit to Jan 2021 (%) Gross Profit to Jan 2022 (%) Divisional Profit to Jan 2021 (£m) Memo: Profit pre JDIP Recharge (£m) Divisional Profit to Jan 2022 (£m) Memo: Profit pre JDIP Recharge (Em) FULL YEAR RESULTS Number of Stores End of Period UK & ROI 1,810.1 2,318.1 249.6 205.7 437.3 386.4 436 Premium Sports Fashion Asia Pacific Europe 792.2 1,024.3 (2.3) 15.8 8.6 29.2 377 259.6 300.8 13.7 17.4 30.9 36.6 79 North America (1) 1,534.7 2,341.9 146.6 168.5 297.6 322.2 931 (1) Being: (a) JD, Finish Line, Shoe Palace and DTLR in the United States. NB: 26 stores transferred from Finish Line to JD in the period (b) JD, Livestock and Size? in Canada (2) Being Finish Line concessions in Macy's department stores UK & ROI 467.6 649.4 13.1 13.1 33.9 33.9 151 2022 Other Fascias Europe 544.4 916.2 (16.4) (16.4) 51.3 51.3 /////// 889 Asia North Pacific America (2) 235.7 0.4 249.9 25.3 25.5 45.4 45.4 289 Other Businesses 163.7 248.6 3.9 3.9 23.3 23.3 JD Group Sports Fashion 5,808.0 8,049.6 48.4% 49.5% 433.5 433.5 928.3 928.3 3,154#9North America Summary Revenue GP % EBITDA Depreciation & Amortisation Proforma Operating Profit under IAS 17 Net Impact of IFRS 16 FULL YEAR RESULTS Reported Divisional Profit Memo: Profit pre JDIP Recharge Finish Line / JD Macy's $m 2,136.8 311.0 (49.4) 261.6 0.5 262.1 295.9 $m 343.6 65.8 (3.4) 62.4 62.4 62.4 FY to Jan 2022 Shoe Palace (1) $m 535.9 107.2 (22.2) 85.0 (6.3) 78.7 78.7 Livestock / JD Canada (2) $m $m $m 20.7 526.3 3,563.3 DTLR (0.1) (3) (0.6) 105.0 588.4 (0.5) (31.8) (107.3) (1.1) 73.2 481.1 (3.6) Total (1.2) 69.6 (1.2) 69.6 49.8% (9.5) 471.6 505.4 2022 Finish Line / JD $m 1,893.0 222.1 (45.1) 177.0 (7.9) 169.1 197.5 /////// Macy's $m 303.5 36.6 (4.0) 32.6 32.6 32.6 FY to Jan 2021 Shoe Palace (1) $m 71.6 20.1 (0.9) 19.2 (1.4) 17.8 17.8 (1) Acquired on 14 December 2020 (2) Acquired on 10 February 2020. Also includes Size? store in Toronto, Size? Canada trading website and two JD Canada stores. Figures stated in USD equivalent. (3) Acquired on 17 March 2021 Livestock / JD Canada (2) $m 12.8 2.2 (0.4) 1.8 1.8 1.8 JD Group Total $m 2,280.9 46.7% 281.0 (50.4) 230.6 (9.3) 221.3 249.7#10Outdoor Summary Revenue to Jan 2021 (Em) Revenue to Jan 2022 (£m) Gross Profit to Jan 2021 (%) Gross Profit to Jan 2022 (%) FULL YEAR RESULTS Divisional Profit / (Loss) to Jan 2021 (£m) Divisional Profit / (Loss) to Jan 2022 (£m) Number of Stores End of Period (1) Being Blacks, Millets and Ultimate Outdoors (2) Includes Go Fishing (ex Fishing Republic) (3) Naylors Equestrian was acquired on 17 November 2020 (4) Wheelbase was acquired on 30 September 2021 (5) Leisure Lakes was acquired on 19 November 2021 BORL (1) £m 123.9 151.2 (0.2) 5.3 151 Go Outdoors (2) £m 213.4 316.3 (5.8) 19.4 68 Tiso £m 20.4 31.1 (0.3) 1.2 13 Naylors Equestrian (3) £m 1.6 6.4 0.2 0.1 3 2022 /////// Wheelbase (4) £m 4.0 0.2 3 Leisure Lakes (5) £m - 4.4 (0.3) 10 JD Group Outdoor Total £m 359.3 513.4 42.2% 43.9% (6.1) 25.9 248#11Balance Sheet FULL YEAR RESULTS Right-of-Use Assets Goodwill & Fascia Names Brand Licences & Owned Brands Other Intangibles Property, Plant & Equipment Other Fixed Assets & Investments Key Money & Store Deposits Deferred Tax Assets Stocks Debtors / Prepayments Assets Held-For-Sale Net Cash Liabilities / Provisions Deferred Income On Lease Incentives Lease Debt Liabilities Held-for-Sale Post IFRS 16 Jan 2022 £m 2,032.6 1,416.9 14.5 42.2 688.5 58.7 57.0 81.7 989.4 216.0 157.1 1,185.9 (2,215.4) (2,242.9) (142.6) 2,339.6 2022 Jan 2021 £m 1,752.4 774.5 13.2 32.0 564.0 2.7 63.2 40.6 813.7 141.2 795.4 (1,566.7) (1,929.8) 1,496.4 Pre IFRS 16 Jan 2022 £m 1,416.9 14.5 42.2 688.5 69.4 57.0 68.1 989.4 248.8 78.6 1,185.9 (2,283.7) (126.8) (60.6) 2,388.2 Jan 2021 £m 774.5 13.2 32.0 580.0 16.8 63.2 32.2 813.7 184.3 795.4 (1,633.7) (124.2) 1,547.4 JD Group#12Cashflow FULL YEAR RESULTS Operating Profit (Pre-Exceptional Items) Depreciation & Amortisation Repayment Of Lease Liabilities Lease Interest (Increase) / Decrease In Stocks Other Working Capital Movements Net Cash Inflow From Operating Activities Net Taxation Net Funding Interest Capital Expenditure Acquisition of Brand Licenses Net Proceeds From Disposals Free Cash Flow Net Acquisition & Investments (Net of Cash Acquired) Financial Debt Acquired on Acquisition Group Dividends Proceeds from Issue of Shares Acquisition and Divestment of Non-Controlling Interests Net Dividends Received / (Paid) Net Cash Generation 2022 /////// Year to Jan 2022 £m 1,013.7 593.1 (350.8) (59.5) (31.8) 5.8 1,170.5 (244.1) (7.0) (247.9) (5.2) 7.8 674.1 (616.5) (156.2) (14.9) 455.9 43.0 5.1 390.5 Year to Jan 2021 £m 482.3 507.9 (285.2) (54.9) 63.5 204.4 918.0 (130.4) (6.1) (128.2) (3.8) 2.1 651.6 (206.3) (73.7) 0.3 (5.2) (1.2) 365.5 JD Group#13Acquisitions Consideration Paid Net (Cash) / Debt Acquired Net Cash Outflow Deferred / Contingent Consideration Net Assets Acquired Goodwill & Fascia Names Other Intangibles Right of Use Asset Property, Plant & Equipment Other Non-Current Assets Stocks Debtors / Prepayments Current Liabilities / Provisions Income Tax Deferred Tax Lease Liabilities Interest Bearing Loans and Borrowings Minority Interest On Acquisition FULL YEAR RESULTS (1) Principally Applied Nutrition and Gym King DTLR £m 300.8 (95.2) 205.6 4.4 210.0 313.6 5.0 139.9 49.3 0.3 40.3 4.3 (38.5) 0.4 (24.5) (139.9) (140.2) 210.0 210.0 MIG £m 63.6 16.8 80.4 2.4 82.8 70.6 2.6 66.2 16.6 1.1 67.2 6.0 (56.9) 0.1 (4.5) (66.2) (3.7) 99.1 (16.3) 82.8 Deporvillage £m 85.1 (2.4) 82.7 19.0 101.7 107.0 12.7 1.1 0.3 28.6 4.7 (29.3) (1.0) (11.5) (1.1) (1.3) 110.2 (8.5) 101.7 Cosmos Other Acquisitions £m 65.0 (13.2) 51.8 51.8 52.8 38.2 14.0 1.0 24.3 5.7 (27.9) 0.3 (3.5) (38.2) (8.5) 58.2 2022 (6.4) 51.8 £m 174.3 (35.3) 139.0 18.7 157.7 158.5 2.6 26.3 8.5 0.2 31.6 9.6 (24.5) (4.4) (6.6) (26.3) (6.2) 169.3 (11.6) 157.7 /////// Sub-Total Other Investments (1) £m £m 57.0 688.8 (129.3) 559.5 44.5 604.0 702.5 22.9 271.7 88.7 2.6 192.0 30.3 (177.1) (4.6) (50.6) (271.7) (159.9) 646.8 (42.8) 604.0 57.0 0.1 57.1 JD Group Total £m 745.8 (129.3) 616.5 44.6 661.1#14Stocks Premium Sports Fashion Other Fascias Other Businesses Sports Fashion Outdoor TOTAL STOCKS FULL YEAR RESULTS UK & ROI Europe Asia Pacific North America UK & ROI Europe Asia Pacific North America (1) Reflecting difference in exchange rates between period ends Jan 2021 £m 199.2 86.7 30.9 108.5 80.7 109.9 59.9 26.6 702.4 111.3 813.7 Acquisitions £m 44.8 10.8 121.4 5.8 182.8 9.2 192.0 Cashflow £m 6.6 9.5 6.3 (2.9) 22.5 (16.8) 0.5 (11.9) (1.6) 12.2 19.6 31.8 2022 /////// FX Translation (1) £m (0.9) (6.7) (2.6) 1.7 (15.6) 1.0 2.0 (21.1) (21.1) Footasylum Held-For-Sale £m (27.0) (27.0) (27.0) JD Group Jan 2022 £m 204.9 89.5 34.6 152.1 87.0 198.9 0.5 49.0 32.8 849.3 140.1 989.4#15Additional Investment in International Retail Retail Property Land & Buildings FULL YEAR RESULTS Other incl Technology Gyms Lease Premia, Key Money & Deposits Warehouse Projects UK (1) Europe (2) Other Total Sports Fashion - UK & Ireland Sports Fashion - Europe Sports Fashion - Asia Pacific Sports Fashion - North America Outdoor Bury Head Office Alicante Office Guidance to Jan 2023 £m 40.0 - 45.0 54.0 - 57.0 6.0 - 8.0 45.0 - 50.0 15.0 - 20.0 160.0 180.0 20.0 25.0 3.0 - 4.0 51.0 - 58.0 34.0 38.0 15.0 - 20.0 6.08.0 1.0 - 2.0 35.0 - 40.0 325.0 375.0 - (1) Includes new warehouse dedicated to online fulfilment at Derby (2) Includes fitting out of new Dublin warehouse and costs on new European DC at Heerlen, the Netherlands 2022 /////// Year to Jan 2022 £m 28.6 36.2 6.8 48.7 3.7 124.0 28.8 3.3 23.9 9.4 0.2 0.6 3.0 54.7 247.9 Year to Jan 2021 £m 15.2 29.8 4.6 21.0 2.9 73.5 6.9 4.0 5.3 3.2 1.0 0.4 2.3 31.6 128.2 Year to Jan 2020 £m 16.7 53.7 10.1 20.4 5.6 106.5 9.0 6.9 12.2 7.4 2.2 0.5 2.1 30.4 177.2 JD Group#16Effective Tax % Basic Tax Rate Net Non Deductible Expenses Non Deductible Movement on Put Options Non Qualifying Depreciation / Impairment Effect of Overseas Tax Rate Other Taxes Due (1) Prior Year Adjustments Other FULL YEAR RESULTS Split of Total Effective Tax Rate % UK (2) Overseas Operating % 19.0 0.8 0.5 1.6 2.8 (1.8) (1.6) 21.3 Jan 2022 Exceptionals % 8.5 I I 8.5 Total % 19.0 0.8 8.5 0.5 1.6 2.8 (1.8) (1.6) 29.8 42.4 /////// 24.1 2022 /////// Jan 2021 Operating Exceptionals % 19.0 1.9 1.1 2.1 2.6 (2.2) 1.5 26.0 % 0.3 1.2 1.6 3.1 (1) Other taxes due are primarily in respect of US state taxes but also includes other taxes payable in other jurisdictions (2) The increase above mainstream rate (19%) is mainly due to a non-deductible put option charge. As this is recognised in the UK, it increases the UK effective tax rate The expected annual impact of the increase in the UK tax rate (from mainstream 19% to 25%) from 1 April 2023 on the Group effective tax rate is 3.0% JD Group Total % 19.0 2.2 1.2 2.7 2.1 2.6 (2.2) 1.5 29.1 25.8 32.0#17FULL YEAR RESULTS 22.06.22 // LONDON FULL YEAR RESULTS KATH SMITH // INTERIM CEO TILILTE NIKE M addos WHAT MAKES JD A SUCCESS RUNDERA FAY WELE 2022 JD JD Group#18////// Record results, reflecting strong performances in UK, ROI and North America 1456 FULL YEAR RESULTS M sädott Globally recognised brand, with cultural connections in sport, music and fashion NI RMK /////// 2022 Talented and resilient senior management team who are leading figures in their fields JD Group Strong multi-brand and omnichannel proposition#19Sports Fashion JD DTLRP FINISH LINE SHOEPALACE WHAT MAKES JD A SUCCESS 13. Street & Fashion size? STORE TESSUTI Sporting Goods ISRG. COSMOS INTERNATIONAL SPORTS RETAIL GROUP MIG SPORT /////// 2022 /////// Outdoors GO Outdoors NEWHEELBASE FISHING REPUBLIC Blacks NESS T JONSTOP JD Group Active 1 DGYMS 4 G XERCISE4LESS CYMNATION#20WHAT MAKES JD A SUCCESS /////// North America UK/IRE ●●●● T /////// 2022 /////// JD Group#21FULL YEAR RESULTS 22.06.22 // LONDON // FULL YEAR RESULTS NORTH AMERICA DEVELOPMENTS WAYNE DAVIES // JOINT CEO JD NORTH AMERICA 2022 JD JD Group#22WILMINGTON RAISE A GLASS DSPORTS.COM JD /////// NORTH AMERICA DEVELOPMENTS ////// Nasdaq JD SP SHOEPALACE NORTH AMERICA ////// UD FINISH LINE NEW YORK CHICAGO DUBLIN BRUSSELS We are a portfolio of brands strategically assembled to serve & inspire unique consumer groups on their terms and in their neighborhoods semb OF 2022 DTLR 188 e JD JD Group J TE Hard Rock#23#24NORTH AMERICA DEVELOPMENTS /////// FY22 Highlights 2022 o Completed the strategic acquisition of DTLR in March 2021 Opened 45 new JD stores in the United States since the beginning of FY22, bringing our total to 94 as of today O Continued to expand apparel offering, strengthening our head to toe strategy Increased STATUS loyalty members to almost 5 million and enhanced status member benefits Deepened key brand partner relationships through customer and community connections o Began back of house consolidation efforts to support JD North America and realize synergies 114 JD Group#25WHAT MAKES JD A SUCCESS /////// North America UK/IRE ●●●● T /////// 2022 /////// JD Group#26............................................... /////// WHAT MAKES JD A SUCCESS 6 D OSTROTS AHEAD & IN OUR STREETS AHEAD e OMNICHANNEL FAMILY IN OUR /////// TVS FAMILY IN OUR YNG SI FAMIL DNA /////// 18:33 1 Q Search SUMMER SZN 2022 AIR MAX JD Shop Now 4G JD JD Group#27CODAK TMX 6052 K TMX 6052 MK TMX 6052-35 -10 KODAK TMX 6052 ZATI <-15 KODAK TMX 6052 61 TALK DD FEMME KODAK TMX 6052 KODAK TMX 6052 ATELIER DE CUSTOMISA <-15 KODAK TMX 605256 70 KODAK TMX 6052 KODAK TMX 6052 62 JD KODAK TMX 6052 NIKE KODAK TMX 6052 KODAK TMX 60522 62 TOMMY JD SER 71 KODAK TMX 6052 KODAK TMX 6052 PARTNERSHIPS 63 HOODRICH KODAK TMX 6052 KODAK TMX 6052 KODAK TMX 6052- 63 M 72 KODAK TMX 6052 58 KODAK TMX 6052 יע 72 KODAK TMX 6052 KODAK TMX 6052 KODAK TMX 6052 747 S UDX <-12 KODAK TMX 6052 KIS KODAK TMX 6052 65 :KODAK WHAT MAKES JD A SUCCESS //////// JULY KODAK TMX /////// 2022 /////// ......... KOD KODAK JD Group#28SPECT YOUR SHOES TLR OF HORSE WE ARE OPEN! OF HORSE WE ARE OPEN! Sizeer HORSE WE ARE OPEN! OF HORSE WE ARE OPEN! ARE OPENI WHAT MAKES JD A SUCCESS /////// A OF HORSE WE ARE OPEN! OF HO WE ARE OPENI ONE STAR ONE STAR ONE STAR ONE STAM CINE STAR YOUR FASHION... YOUR LIFESTYLE! M&A /////// PIANO 2022 4N³7PM IVY RK APISHOE PALACE Ⓡ <<- CROSSMALLM JD Group THIS IS MY PARK SHOE PALAL MELROSE#29/////// FULL YEAR RESULTS 22.06.22 // LONDON // FULL YEAR RESULTS /////// BRAND AIR PARTNERSHIPS A NIK MICHAEL ARMSTRONG // GROUP BUYING DIRECTOR /////// A 2022 /////// JD JD Group#30BRAND PARTNERSHIPS /////// Brand Partnerships We have a shared commitment with our branded partners to continue to elevate, innovate and connect with our consumers. Our partnerships are based on alignment and mutual benefit. /////// 2022 /////// ............... JD Group#31GLOBAL JD STRATEGY FRAMEWORK BRAND PARTNERSHIPS GROWTH VEHICLES ACQUISITION DIGITAL INVESTMENT /////// INVESTMENT OMNI-CHANNEL INFASTRUCTURE CONSUMERS THE GLOBAL PLAYER Consumers at Global Intersections seeking the latest in sport + fashion. COMMUNITY DEFINED CAPABILITIES BRAND DELIVERY CONSUMER LED DIGITALLY DRIVEN MEMBERSHIP ENABLED /////// JUNE 2022 CONNECTIONS /////// RETAIL STRATEGY LOCATION, LOCATION, LOCATIONS APPLIED INNOVATION & THE RETAIL EXPERIENCE CONSOLIDATION JD Group#32BRAND PARTNERSHIPS Brand /////// Differentiators Unique Brand Perspective & Consumer Connection Focused on The Power of Stores & Retail Experience /////// JUNE 2022 /////// NIKE Digital Leadership Connected Retail & Membership JD Group#33/////// BRAND PARTNERSHIPS WOMENS /////// NIA 2022 /////// A Category Destination for Apparel ISO C TINT M GARLAND Doming JD Group trober#34JD 8420 DTLR YANG FINISH LINE AP SHOEPALACE BRAND PARTNERSHIPS TCHERS &VEGETABLES GH Worldmit LEBARA /////// SWA BUTCHERS FF T & VEGETABLES ETOM size? THE HIP STORE EST IN TESSUTI WWW.TESSUTI.CO.UK FRATROL 25 BLACKHEADH ///// 2022 ISRG. INTERNATIONAL SPORTS RETAIL GROUP MIG COSMOS SPORT /////// GO Outdoors FISHING REPUBLIC NB JD Group WHEELBASE VE'S LARGEST CYCLE STORE Blacks#35AIR AIR BRAND PARTNERSHIPS AIR AIR AIR AIR AIR AIR AIR /////// R AIR /////// JUNE 2022 /////// Brand Privileges Close to market opportunities Enhanced Allocation Exclusivity/SMU capability Partner programs Benefiting from brands marketplace strategies Product access at all levels Segmentation JD Group#36AIRMAR NIKE BRAND PARTNERSHIPS /////// ● ● /////// JUNE 2022 /////// Growth commitments with our key branded partners Supply chain improvements Ongoing changes to the brands European segmentation and distribution policies JD Group#37● JD /////// WHAT MAKES JD A SUCCESS /////// M&A Laser focus on the consumer Differentiated product offer Fully integrated omnichannel approach Trusted brand partnerships NIKE 2022 ///// JD Group#38Synopsis & Outlook ● FULL YEAR RESULTS ● Outstanding progress in year to January 2022 JD is a globally recognised iconic multichannel retailer with a proven strategy and clear momentum Reassured with ongoing trading to date this year Expect profit for January 2023 to be in line with record profit to January 2022 /////// 2022 MICHA JORDAN JD Group#39/////// Q&A FULL YEAR RESULTS /////// //// ES DE 2022 NEW 12 12V /////// JD Group