Investor Presentaiton
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06
BOOHOO GROUP PLC
GROUP FINANCIAL AND OPERATIONAL HIGHLIGHTS
OUR PERFORMANCE
£36m
£31m
Profit before tax
£125m
£43m
£60m
2017 2018 2019 2020
Adjusted EBITDA
£174m
£57m
£85m
£127m
2017 2018 2019 2020 2021
Revenue
£1,745m
£1,745m
£174m
£92m
2021
£125m
ANNUAL REPORT AND ACCOUNTS 2021
.
.
.
.
Financial
Revenue £1,745 million, up 41% (41% CER¹)
Strong revenue growth across all
geographies, with UK 39% and
up
international 44%. International revenue
up
is now 46% of total, up from 45%
Gross margin 54.2%,
up 20bps
Adjusted EBITDA £173.6 million up
37%, with Adjusted EBITDA margin of
10.0% (2020: 10.2%), notwithstanding
COVID-19 cost headwinds and significant
investment in acquisitions
Robust balance sheet with net cash of
£276.0 million (2020: £240.6 million).
High cash generation with operating cash
flow of £201.1 million (2020: £127.3
million). £195.7 million capital raised
1. CER designates Constant Exchange Rate translation of
foreign currency revenue, which gives a truer indication
of the performance in international markets by
removing year-to-year exchange rate movements when
local currency sales are converted to sterling.
Operational
made
Significant group- -wide progress
on Agenda for Change programme,
which has independent oversight from
Sir Brian Leveson PC
Strengthening corporate governance
through a new non-executive director
appointment, establishment of a Risk
Committee and committed in excess
of £10 million in supply chain monitoring
and compliance
Successful integration and relaunch
of Oasis and Warehouse brands on our
multi-brand platform
Acquisition of Debenhams online business
and investing to transform the business
into a digital department store with
significant potential
Acquisition of Dorothy Perkins, Wallis
and Burton brands, adding to the group's
diversity and reach
Third distribution centre on track for
operational use in spring 2021 and
long-term lease agreed for fourth
distribution centre, expected to go
live in the second quarter of the new
financial
year
18 million active customers, up 28%
Over 1,000 jobs secured through
recent acquisitions
£295m
£580m
£857m
£1,235m
2017 2018 2019 2020 2021
YEAR TO FEBRUARY
Revenue
Gross profit
Gross margin
Adjusted EBITDA²
% of revenue
Adjusted EBIT³
% of revenue
Adjusted profit before tax4
Profit before tax
Adjusted diluted earnings per share
Diluted earnings per share
Net cash at year
end
2021
2020
£ million
£ million
Change
1,745.3
1,234.9
+41%
945.2
666.3
+42%
54.2%
54.0%
+20bps
173.6
126.6
+37%
10.0%
10.2%
-20bps
149.3
107.0
+40%
8.6%
8.7%
-10bps
149.9
108.3
+38%
124.7
92.2
+35%
8.67p
5.88p
+47%
7.25p
5.35p
+36%
276.0
240.6 +£35.4 million
2. Adjusted EBITDA is calculated as profit before tax, interest, depreciation, amortisation, and share-based payment charges.
3. Adjusted EBIT is calculated as profit before tax, interest, share-based payment charges, and amortisation of acquired
intangible assets.
4. Adjusted profit before tax is calculated as profit before tax, excluding share-based payment charges, and amortisation of
acquired intangible assets.
5. Adjusted diluted earnings per share is calculated as diluted earnings per share, adding back amortisation of acquired
intangible assets, share-based payment charges, and adjusting to 34% of the non-controlling interest as in previous years.
6. Net cash is cash less bank borrowings.
07
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