Sigma and CWG Merger Risks and Management Overview
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
A Highly Attractive Financial Profile
$7.9bn
FY23 Total
Network Sales³
Retail Network 1,2
10%
last 5 years' Total
Network Sales CAGR³,4
12%
FY23 LFL sales growth
in Australia5
$3.1bn
Revenue
CWG (FY23)6,7
$555m
EBITDA
$460m
EBIT
Commentary
Retail Network factors that drive demand for goods and services from CWG:
Trading performance of the Retail Network
.
Supporting franchisees to grow the Retail Network in Australia
Other key drivers of growth for CWG include:
•
New store roll-out in existing and new international markets
Increased penetration of own, private label, licensed and exclusive brands
•
Improving margins through operating efficiencies and cost discipline
15%
EBIT margin
FY24 YTD key highlights
✓ Total Network Sales growth of ~15% vs the prior corresponding period
4 Chemist Warehouse stores and 1 new Optometrist Warehouse opened in
Australia alongside 7 new Chemist Warehouse stores internationally. 1 pipeline
store added to Australian store network
Entered into two new supply arrangements (including Sigma supply agreement),
with benefits expected to be realised from FY25
23
Notes:
1. The "Retail Network" includes a combination of franchised stores in Australia and wholly and part owned stores across New Zealand, China and Ireland. All Chemist Warehouse and My Chemist pharmacies are franchised in Australia. 2. Chemist Warehouse Group management figures.
3. Total Network Sales includes a combination of the Retail Network's in-store and CWG's online sales. Australian Network Sales and New Zealand Network Sales are not consolidated into CWG revenue. 4. Period from FY18-23. 5. LFL sales comparison of Australian Retail Network stores
only (for stores open for at least 12 months). 6. Refer to page 20 for an overview of the business activities undertaken by CWG. 7. Represents CWG's audited statutory financials. Earnings before interest and tax (EBIT) and earnings before interest, tax, depreciation and amortisation
(EBITDA) are non IFRS measures of financial performance and have been derived with reference to CWG's audited statutory accounts. 8. Period from 1 July to 31 October 2023 vs same period in 2022. 9. Period from 1 July to 25 November 2023View entire presentation