Pet Retail Market and Valuation Outlook
Petz Projections
54
Revenue Build-Up: Top-Line Growth
Revenue development will occur according to the expansion plan and the sector's growth...
For the calculation of gross revenue, we estimate some assumptions...
Main Revenue Assumptions
...and SSS is one of the most important assumptions...
SSS vs. Pet Industry Growth; [%]
29%
Correl. 89%
=
24%
Opening of 30-40 Stores per Year
19%
14%
9%
A....
4%
4-Y Store Maturation Curve
17'
19'
21E 23E 25E
27E 29E
$
SSS Correlated with Industry Growth
...added to the increase in the number of stores...
Stores per Year; [stores]
Stores
â– Hospitals
429
399
366
454
474
330
290
250
210
174
S
133
Constant Seres Penetration to 20' Levels
10
12
17
22
27
32
36 39
41
42
42
20'
21E 22E 23E 24E 25E 26E 27E 28E 29E 30E
Source: Team 7
Overview | Promissing Industry | Assertive Hub-and-Spoke Strategy | Expansion to Outpace | Healthy and Solid Ecosystem | ESG | Valuation & RisksView entire presentation