Detsky Mir Expansion Strategy
Short and mid-term guidance reiterated
New store openings
FY2020
Detsky Mir: 71
☐ Detmir PUP: 12
Zoozavr: 10
Revenue
Adjusted EBITDA
margin
☐
Guidance
Detsky Mir: 70 in 2021; 230 in medium-term
◉ Detmir PUP: 100 in 2021; 800 in medium-term
Zoozavr: 70 in 2021; 500 in medium-term
detsky mir
3.9% total LFL growth (RUS & KZ)
11.0% total revenue growth
Share of online sales at 25%
New strategic initiatives (Zoozavr, Detmir PUP, Marketplace) allow the
Company to double total GMV in medium-term
Online sales share increased to 45% in medium-term
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11.9% under IAS17
■
18.0% under IFRS16
30.8% gross margin
■
10% area under IAS17
Double-digit under IFRS16
Continued gross margin investment in traffic
Rent & utility expenses of 7.5% and personnel
expenses of 7.4% of sales
☐
Grow share of higher-margin PL sales to ~60%
☐
Reduced personnel & rental expense margins thanks to efficiency
Leverage
☐ 1.1x leverage
Dividends
Disciplined financial policy with target leverage below 2.0x despite
accelerated investment in logistics and IT
94% of IFRS net income
100% of RAS net income
Payout ratio of at least 50% of IFRS net income (IAS17)
Management recommendation - 100% of RAS net income
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