Asos Results Presentation Deck
Expectations
Technical
& IR
£
Y+
Expectations, technical & investor relations
Positioned for event-led growth whilst remaining cautious on the consumer outlook,
increased focus and investment to support global opportunity
Returns rate expected to start to normalise as restrictions ease, however freight rates
expected to remain at elevated levels for the balance of the year
Increased FY21 expectations in line with first half performance, second half remains
unchanged despite investment into EU pricing to enhance customer perception
Topshop one-off acquisition and integration costs now expected to be c.£10m in 2021
(reduced from c.£20m)
Expect positive FCF in second half, CAPEX guidance unchanged at c.£190m
Adoption of adjusted measures to demonstrate underlying performance and aid
comparability following acquisition
We will be hosting a series of CME's kicking off with an event showcasing ASOS
brands on 20 April, with a fuller update in the late summer
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